Ayondo forex broker review (2022) Review
Currently, Ayondo markets Ltd, a British company regulated by the United Kingdom Financial Conduct Authority (FCA), licensed 184333, provides trading services within the financial markets under an equivalent name . In 2013, Ayondo became one among the 50 largest financial technology companies within the world.
In 2018, Ayondo went public on the Singapore stock market (SGX). Ayondo provides a good range of services covering both the retail and institutional sectors and serves clients from over 195 different countries. The company’s offices are located within the UK, Germany, Singapore, Spain and Switzerland.
Main trading characteristics
You can start working with broker Ayondo with a minimum deposit of $ 100. In this case, the minimum lot for trading is 0.01. operations are often administered in pounds sterling, dollars, and euros. You’ll withdraw funds ranging from $ 10. The company’s website is presented in English and German. The broker is prepared to supply its client with an affiliate program.
Ayondo mainly focuses on providing CFD contracts and providing access to spread betting. Additionally, traders get access to transactions with currency pairs, precious metals, stocks, and raw materials. It should be noted that the provided volume of assets is sort of enough even for the formation of huge portfolios.
Financial leverage is made by counting on which instrument is chosen for trading and may range from 1Q30 to 5Q1 for CFDs. As for the spreads, they begin from one pip.
Ayondo clients are offered TradeHub terminal as a trading platform of its own development. The platform is out there both for desktop computers also for mobile devices with Android and iOS. TradeHub allows to trade on different markets in one click, features a lot of built-in indicators and possibilities for analysis. The functionality of the platform is intuitive and if you’re experienced in MT4 it won’t be difficult to urge to grips with TradeHub.
Ayondo social trading service allows you to repeat trades of successful traders without going into the nuances of the market. In order to pick top traders on the broker’s website, there’s a sort of rating, where by different criteria (trader’s level, drawdown level, profitability, risk level) is possible to rank the list of obtainable accounts for copying.
More detailed analysis of every top trader’s performance is often made on the idea of open online trading statistics monitoring of the trading account. You’ll subscribe to the signals of up to 5 traders and that they are going to be copied to a fifth of your capital for every trader by default. You’ll change the copying ratio to regulate risks and set a minimum deposit level, upon reaching which copying is going to be stopped. You’ll track your progress online through your personal account.
As a practical part, the demo account developed for Ayondo allows users to find out the mechanism of online trading on real transactions, without risking personal savings. Users are given 10,000 virtual dollars to find out. Your demo login details will provide you with access to a good range of features. Note that the demo is merely functional for 21 days. The registration process is extremely simple. Within the upper right corner choose “Open demo account”. Just fill in your name, email, and password, after you’ll get a confirmation email. Now choose a trader, fill in your portfolio and begin trading.
Deposit and withdrawal
Deposit and withdrawal for Ayondo clients can only be made by bank transfer or payment from bank cards. There are no other options. The minimal deposit size for accounts in social trading service is 2000 euros. For independent trading, the recommended minimum deposit size is 1000 euros (dollars). Funds can’t be deposited or withdrawn from/to third-party accounts.
Customer support is often contacted by phone or e-mail. Technical support is out there five days every week. Reaction time to email doesn’t exceed a quarter-hour.
Advantages and disadvantages
A range of Top Traders to pick from
- Combination of self-directed trading and social trading on one platform
- Spread Betting and CFD trading
- Customer services only active during office hours
- Limited deposit and withdrawal methods
Pros / Cons