Ayondo Review and Tutorial 2019

  • by

Ayondo eases trading in forex, CFDs and binary options. This review of Ayondo will examine each component of the own offering, such as charges, demonstration accounts along with their cryptocurrency capacities. The review will take an comprehensive look in Ayondo’s proprietary sociable trading platform and program, before finishing with a last verdict.
A Brief History
Early History
The creators, Robert Lempka and Thomas Winkler, established Ayondo at 2009. Initially the business was established in Germany, but while the amount of users climbed the broker went worldwide. Today Ayondo headquarters are at their London, UK office.
On the other hand, the operators and owners of this Ayondo broker are now Ayondo Markets Ltd, a monetary trading brand emphasizing an yearly earnings in excess of 10 million, based on reports.
Even because this is a startup, both the CEO and the remainder of the Ayondo team have had a very clear mission — to link shareholders in order that they may gain from the achievement of ‘Top Traders’. This social component to their trading platform is going to be divided up in detail further below.
Recent Years
In the past, you needed to join with a individual spouse broker. But in 2013 Ayondo established their very own brokers answer. Having said this, it’s technically a white branded version of this Gekko Global Markets platform. Yet, because the shift, the log-in and signup process was markedly smoother.
Between 2015 and 2016, the business ‘s resources under control also climbed. In reality, it almost dropped from $19 million to $35.8 million.
2017 has been an eventful year for the business. Ayondo obtained the favorite, investor education program TradeHero. Then after a failed reverse takeover (RTO) using Starland Holdings, the broker rather planned to eventually become the very first FinTech business to be recorded on the Catalist expansion board of the Singapore Exchange (SGX).
First Ayondo Ltd IPO forums at Singapore along with also the Business Times set price rents at about $105.6 million. Press releases then demonstrate that on the very first day’s supplying, almost 81 million invitation shares were bought at S$0.26.
Products & Markets
Ayondo clients get a comprehensive collection of markets and instruments to select from. By Way of Example, you have access to:
Precious metals
Interest/bond Prices
More than 30 FX money pairs
Major Asian, European and US indices
Stocks in Major blue-chip businesses, such as Starbucks and Coca-Cola
Clients from the UK and Ireland may also enroll to get a spread betting account. Additionally, users may speculate on the newest cryptocurrency, for example Bitcoin.
Minimum Initial deposit
You want as few as 1 to start a account. That is lower than several competitions, making Ayondo an appealing proposal to novice traders. You can start an account in Euros, GBP and USD.
In training, you will need no less than 100 Euros to replicate an individual trader. In the event you wish to replicate several Top Traders, an account balance of 500 to 1000 Euros is much more realistic.
Spreads & Commissions
Ayondo follows a market maker company design. They take their commission from the gap between the purchase and sell cost.
Customer reviews are fast to reveal Ayondo guarantee competitive spreads. In reality, the minimal disperse for your EUR/USD set is 0.8 pips. That is lower compared to the market average of 0.82 pips.
The other bonus is that you simply don ‘t pay a commission to third-party brokers, unlike many social trading networks. As a result, it is just the spread that Ayondo takes its fee and pays its Top Traders from.
Ayondo does allow trading on margin. A live account gets you up to 200:1 leverage. Essentially, this allows you to borrow money from your broker to capitalise on a potential opportunity. However, leveraged trading comes with risks. In fact, you could actually lose more than your initial deposit.
Fortunately, Ayondo allows you to manually adjust your leverage limits to a level you feel comfortable with.
Other Trading Fees
There are several additional costs to be aware of:
You will pay an overnight rollover fee of 3%.
Long positions will also incur financing charges.
You will pay a follower fee, depending on the remuneration model your Top Trader has selected. This could include a 25% performance fee, plus a 1% management fee.
Ayondo regularly run a range of welcome bonuses and offers. This can include 25% cashback deals, no deposit bonuses and refer a friend schemes. Head over to the website to see what Ayondo Markets offers are currently available.
Ayondo Trading Platform
One of the most important components of any broker review is their trading platform. In terms of user experience, Ayondo Market’s TradeHub live platform is streamlined and easy to pick up. There are also generous levels of customisation available, helping to speed up execution.
Cash balances, margins and trading products are clearly visible. In particular, user reviews were quick to praise that OCO orders are easily accessible and guaranteed stop-losses are automatically included with a position.
It is clear Ayondo have built their platform with ease of use in mind. Information and lot sizes are clear, while the whole interface is clean and sleek. Adjusting your position sizes to fit in with your strategy is also hassle-free.
Overall, Ayondo’s platform is ideal for beginners or those who are used to the high standards of the MetaTrader 4 (MT4) and MT5 systems.
Mobile Apps
Ayondo also offers mobile versions of the TradeHub platform. You can get these mobile trading apps for both iOS and Android devices. Ayondo.com reviews of the iPhone and iPad apps were particularly positive. You get variable portfolio margining and just like the desktop-based platform, you can also place trailing stops with ease while enjoying loss protection.
In addition, your Ayondo Markets mobile login details grant you access to:
Usage tips
Sophisticated charts
A flexible search function
A thorough manual and help section
Methods of Payment
Once you complete registration, you will need to set about funding your account. Deposits and withdrawals can be made via:
Wire transfer
Debit/credit card
Note the minimum withdrawal amount is $10. You will also need to verify your identity and address before you can withdraw funds for the first time.
If you become a Top Trader, you will get a daily overview of your revenues and easy-to-read invoices.
On the whole, payment methods are an area Ayondo could improve in. There are competitors offering numerous other payment methods, from PayPal to digital wallets.
Ayondo Accounts
Opening a live account with Ayondo is straightforward. The live account allows you to trade in CFDs, spread betting or to generate revenue from those copying your trades. However, you will need to have:
A scanned colour copy of your passport, driving license or national ID
A recent utility bill or bank statement proving your address
In addition, you will need to set aside a few minutes to answer some basic questions about your trading experience, among others.
Note as you progress through Ayondo you will pass through different levels, from Street Trader to Institutional. If you perform well, you will benefit from greater commissions with each increase in level. As soon as you have more than 500 Euros/GBP/USD, you will receive a Money Trader’s Badge.
Demo Account
If you’re new to trading, Ayondo Markets offers a fantastic demo account. Here you can test the broker and platform while getting familiar with the markets.
Your demo login details afford you access to a wide range of features, including viewing the performance of a huge number of traders. You can then build a portfolio of as many as 5 traders and use a simulator to test their performance against historical data. If you are content, you can then execute your portfolio on your demo account.
Once you feel confident you can then easily upgrade to a live account from within your Ayondo area.
Additional Features
The main feature of Ayondo is their social trading system, reviews of which are positive. There are thousands of traders to choose from. Some of the best traders have over three years of experience. Plus, finding and following your top trader is easy as their performance is graphically displayed on the Ayondo interface. You can actually track their performance against major indices too. You can also choose to follow traders based on specific criteria, such as profit-loss ratios.
So does Ayondo’s social trading system work? Although still in its early days, the broker has definitely already built a comprehensive and effective system. In fact, every year the number of social trading users continues to grow.
Ayondo also facilitates access to additional educational resources. You can find webinars, training videos and other manuals. The broker also has a TV spot on an online UK channel. There you can get more information on how to make the most of TradeHub.
You can also use their online newsletter to pick up useful tips and find out about new products.
Safety & Security
With an increase in scams and hacking, it’s important to ask — is Ayondo any good in terms of user security? Fortunately, the answer is yes. To ensure personal safety, they use:
Segregated bank accounts to keep customers’ funds independent from Ayondo functioning capital.
Negative balance protection which ensures you can’t surpass your account balance.
Advanced encryption technology to safeguard against frauds and attacks.
Daily inner reconciliations have been undertaken to guarantee solvency.
An yearly audit is performed by an independent auditor.
In addition, this review was especially impressed by Ayondo’s complimentary insurance plan. Launched in 2015, this covers around 1,000,000 in excess of their conventional FCSC pay for every single customer. In reality, that is one of the most complete cover in the business.
Ayondo Regulation & License
With an increase in the amount of fraudulent and counterfeit brokers, it’s ‘s crucial that you look at your broker is controlled. Luckily, Ayondo Markets Limited at London is regulated by the Financial Conduct Authority (FCA). This guarantees the corporation should adhere to regulations created to safeguard consumers. Including protecting your funds in a variety of situations, such as insolvency.
Ayondo Portfolio Management GmbH is governed by the Bundesanstalt fr Finanzdienstleistungsaufsicht, BaFin, enrollment amount 145765.
Customer comments shows Ayondo scores especially well in Many areas:
There is a straightforward performance-based commissions platform to Top Traders.
There is a broad selection of markets and instruments to select from.
Negative balance protection might help prevent substantial losses.
Low funding requirements makeAyondo appealing to novices.
There is an powerful automatic risk management program.
There is a generous selection of Top Traders to follow.
All clients have access to some free demo accounts.
Despite availability of some of the top traders, opinions were divided on many aspects of this Ayondo offering, such as:
There is just capital protection in the account level, not in trader degree.
There is still a comparatively few of top performing signal suppliers to follow.
Ayondo doesn’t provide a list of the gifts from different traders towards your entire portfolio performance.
Even though you can see a trader’s trade history on the program, you can’t download it into Excel for outside evaluation.
When you choose Ayondo vs Plus500, ZuluTrade or even eToro, you realise that the prior falls short concerning educational tools, for example trading tutorials and guides.
Websites and forums have been quick to criticise Ayondo for not only catering to APIs and automatic trading. Having said that, the broker has stated the MetaTrader system will shortly be available also.
Trading Hours
Ayondo’s trading hours are now rather industry standard. Trading is available involving 22:00 GMT on Sunday and also 22:15 GMT on Friday. Head on to their official site for upcoming holiday hours. There you may also have the ability to discover the official opening and closing hours for certain markets and products.
Contact & Customer Service
Client reviews of Ayondo are quite favorable concerning consumer care. Traders can create Ayondo Markets contact through live chat, email and phone. Service is available in:
Reviews reveal workers are educated and can assist you with a very long list of specialized and account questions.
Head over to the official site to the various phone hotline number. There you’ll also discover their FAQ section, which is excellent for assisting with overall difficulties. You’ll also find details of the spouse broker affiliate program as well as also the addresses of the London, Frankfurt, Singapore, along with Zug offices.
Ayondo Verdict
Ayondo has come quite a distance in a comparatively brief time period. Their societal trading process is excellent for many reasons, such as low prices, open source entry levels and accessibility to Top Traders.
However, this review found there’s still space for improvement. Specifically, more can be done in order to demonstrate which trader has given to your portfolio, because now interpreting results can prove to be challenging. But complete, Ayondo honest well among opponents and you may always check drive the broker throughout their demonstration account .
Accepted Countries
Ayondo prevents traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar along with most other states.
Traders Can’t utilize Ayondo in United States, Canada.