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Ayondo Broker Review

Review By: Alan Little
Review Updated: 2021-02-10
3.8
Rating
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CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% OF RETAIL INVESTOR ACCOUNTS LOSE MONEY WHEN TRADING CFDS WITH THIS PROVIDER. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CFDS WORK AND WHETHER YOU CAN AFFORD TO TAKE THE HIGH RISK OF LOSING YOUR MONEY.

Overall Ratings
3.8
Ayondo Fees
4
Trading Platforms
2
Mobile Trading App
4
Market Research
4
Customer Service
5

Ayondo broker features

Feature Ayondo
Minimum deposit: £200
Withdrawal fee amount:
Inactivity fee charged (Y/N):
Max leverage:
Spread from:
Number of instruments:
Year founded:
Time to open account:
Demo account provided (Y/N):
Countries of regulation:
Products offered:

Ayondo pros and cons

Pros
  • A range of Top Traders to select from
  • Self directed trading and social trading in one place
  • Highly proficient customer services
  • Intuitive platform functionality aids trader selection
  • Low slippage
  • Spread Betting and CFD trading
  • Additional tools to protect investors capital
 
Cons
  • Limited number of markets to trade
  • Customer services only active during office hours
  • No automated trading
  • Minimal research, learning and news
  • Low total number of traders to choose from
  • Limited interaction between investors and Top Traders
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Review Sections:

Who are FXTM?

Our Ayondo review is a constantly being updated. Launched in 2009, Ayondo has grown out of its German base to now be a provider of Social Trading on a Global Scale. It now has offices in London, Frankfurt, Madrid, Singapore and Zug and 43,000 active clients.  To date, it has won 19 international awards and the achieved these by following the seemingly simple aim of connecting investors with Top Traders.  One of the smaller operators in the space it has successfully carved out a niche in the sector and attracts investors looking for quality and service. Ayondo Broker Review | Awards on Introduction | We Compare Brokers

Ayondo Fees

4
Rating
The bid-offer spreads offered by the self-trading area of the Ayondo platform are in-line with the average for the sector. On the Social Trading area of the platform, there are two pricing models that apply to accounts following a Top Trader.  Some use a Volume Based pricing structure and the others use a Performance-Based approach.

Trading Platforms

2
Rating
Spoiler Alert!  Whilst registering for accounts we found a few glitches in the Ayondo site.  These are noted below in the Ease of Use section; but once we did get past the on-boarding stage the Ayondo platform was a real pleasure to use.

Mobile Trading App

4
Rating
Ayondo Broker Review | Mobile Trading | We Compare Brokers The mobile trading platform seamlessly mirrors the desktop version.  Available through dedicated Apps or browser windows it’s fast, intuitive and easy to use.  All the features found on desktop are on the mobile version. Ayondo Broker Review | Mobile Example Screen Shots | We Compare Brokers    

Market Research

4
Rating
Ayondo provides a similar amount of research and learning materials to other smaller brokers.  Whilst they are no means market leaders there are sections along the lines of ‘How things work’, FAQs, Glossary and webinars.  There is also a Calendar function (‘Useful Dates’) and TradeHub features a 24/7 newsfeed. Ayondo Broker Review | Learning Tools | We Compare Brokers The amount of research and learning is disappointing.  Considering that Ayondo has some unique selling points we are sure they could do better in this area.  One improvement would be developing an online forum where investors and traders could share ideas on trading and the markets. Ayondo Broker Review | Learning from Webinars | We Compare Brokers

Customer Service

5
Rating
During our testing, we found the customer support to be of exceptionally high quality.  Telephone help desk staff understood and addressed our issues with ease.  Something that Ayondo offer and a lot of other brokers doesn't is a Remote Access Tool. Ayondo Broker Review | Quality Help Desk Service | We Compare Brokers Whilst telephone trading support is available on a 24/5 basis the actual help desk is manned during office hours Monday – Friday.  Our experience of this kind of coverage is that any questions that occur in the middle of the night can usually be resolved by the ‘trading desk’ who offer a general as well as trading support.  Technically speaking though, help desk support is only offered during office hours and this counts against Ayondo.
Address: 10th Floor, Linen Court,10 East Road London N1 6AD, United Kingdom

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