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
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 Fees
4
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
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
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.
Market Research
4
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.
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.
Customer Service
5
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.
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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