Home » Reviews » Ayondo
Broker Review Contents
- Established in 2008
- Regulated by Financial Conduct Authority
- Segregates client funds
- Min. deposit from $1
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
- Doesn’t offer Islamic accounts (See alternatives)
A minimum deposit of $1 is required to establish a live account. Alternatively, Ayondo provides a demo account that you may use to practise and become acquainted with their platform.
Regulated by The Financial Conduct Authority in the United Kingdom (FRN: 184333), Ayondo keeps every customer funds in a separate bank account and works with tier-1 institutions to do so. Ayondo has been in business since 2008, with its headquarters in.
While we show you the specifics of Ayondo’s spreads, fees, platforms, and trading tools, you may want to open Ayondo’s website in a new tab by clicking the button below to get the most up-to-date information straight from Ayondo.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are the spreads and fees for Ayondo?
Ayondo, like most brokers, charges a commission on the spread, which is the difference between both the buy and sell price of an asset.
The commissions and spreads shown here are based on the Ayondo website’s minimum spreads.
|EUR/USD(Average: 0.7 pips)||0.8 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||1.8 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||1.5 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||1.5 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||3.0 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||2.5 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||2.0 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||1.0 pips||0.5 pips||0.1 pips|
Spreads are changeable and are provided solely for informative reasons.
As you can see, Ayondo’s lowest spread for trading EUR/USD is 0.8 pips – a very high spread when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with Ayondo to similar brokers.
How much does Ayondo charge for a lot of EUR/USD trading?
If you bought one standard lot of EUR/USD (100,000 units) with Ayondo at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $8. Here is a general breakdown of the fees and how they compare to IG and XTB.
|Spread from:||$ 8.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 8.00||$ 6.00||$ 2.00|
|$2 less||$6 less|
|VISIT AYONDO||VISIT IG||VISIT XTB|
All fees/prices are for informational purposes and are subject to change.
What can you trade with Ayondo?
Ayondo provides over 181 different trading products, including over 36 currency pairings. We’ve detailed all of the different types of instruments supplied by Ayondo below, along with comparisons to the instruments offered by IG and XTB.
|FX / Currencies||Ayondo||IG||XTB|
|# of forex pairs offered||36||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||6||34||21|
|Index & Stock CFDs||Ayondo||IG||XTB|
|# of stocks offered||100||8000||1606|
|SEE AYONDO’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the Ayondo trading experience like?
1) Platforms and apps
Ayondo now provides mobile apps for Android and iOS, making it simpler to monitor and execute trades while on the go.
Still not sure?
2) Executing Trades
Ayondo allows you to execute a deal for as little as. This may differ based on the type of account you establish.
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
3) Client support
Ayondo only supports a restricted number of people, including.
Ayondo got a CompareBroker A support grade because they provide email and phone help in several languages.
4) What you’ll need to open an account with Ayondo
Because Ayondo is regulated by the Financial Conduct Authority, every new customer must pass a few simple compliance tests to verify that you know the implications of trading and that you are permitted to trade. When you create an account, you will most likely be asked for the following information, so keep it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to respond to a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse Ayondo’s platform immediately, it is crucial to note that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your circumstances.
A Review and Guide to Trading with Ayondo
Ayondo, a trading platform based in Germany, was founded in 2009. Ayondo seeks to connect small- to medium-sized investors with their top-tier traders, capitalising on the growing popularity of the’social trading’ method. As a result, this may be viewed as an instructional platform as well as a basic online trading system. Before completely committing to our site, anyone interested in joining should review some of the essential metrics.
Ayondo offers a host of different instruments to trade. These include:
- Major Asian, European and American indices
- Precious metals
- More than 30 currency pairs (Forex)
- Larger blue-chip companies such as Coca-Cola and Starbucks
This distinguishes it from other platforms that only specialise on one or two fields. As a result, the ordinary trader has a plethora of alternatives to fit his or her own preferences and degrees of exposure.
Ayondo now claims to have over 1,000 ‘top-level’ traders. However, it is crucial to remember that just a few have amassed a sizable following. As a result, the majority of these investors’ effectiveness is called into doubt. Those that do have followers, on the other hand, are believed to give consistent returns; many of these have been with Ayondo for more than two years. These traders can be followed based on factors such as their profit-loss ratio, number of followers, or trading frequency.
The performance of these traders is visually presented inside the Ayondo interface, making it simple to choose who is best suited. A full transaction history is also available, and their overall performance is monitored alongside the main indexes. This is especially essential when observing long-term outcomes. While the ‘interactive’ component isn’t often like the forums and live conversation seen on other sites, the hard facts supplied may bring a lot of clarity and insight.
Slippage and Delays in Time
These concerns have been a source of worry for other social trading platforms and are thus worth noting. Slippage is defined as the discrepancy between the levels at which a top trader closes and the figures received by a follower following execution. Because both trades will be executed on the same platform, this percentage is limited to a bare minimum. Of course, the speed of the machine in question will play a role in this. To summarise, both time delays and slippage are insignificant.
Fees and commissions
One of the most intriguing elements of Ayondo is that the customer wont be paying any charges or fees while following a broker’s transactions. This is due to the fact that Ayondo gets compensated by the Forex broker in question. Because these fees are earned from the spread, everyone involved profits in numerous ways. Another noteworthy aspect is that every trader who transfers his or her existing account to Ayondo will earn a cash bonus. Certain terms and conditions will be in effect.
In terms of monetary considerations, several experts have remarked that the entry thresholds to begin trading are fairly reasonable when compared to similar services. These can be worth $100.
Levels of Trade
There are several trade levels that may be experienced as one continues with Ayondo. They range from ‘Street Trader’ to ‘Institutional.’ Furthermore, the compensation paid to the trader by Ayondo will rise with each level —assuming that their performance remains constant; one can also be downgraded for poor trades. When a trader has more than 500 dollars, pounds, or euros in his or her account, he or she will be awarded a ‘Money Trader’s Badge.
Functionality and interface
Their TradeHub technology, named “Next Generation Trading,” is extremely streamlined and simple to use. As a result, it should not take long for beginners to grasp the fundamental structure and functioning. The platform may be tailored to the user’s specific requirements, allowing for speedier transaction execution. Cash balances and margins, as well as trade items, are plainly presented. Filters can be tailored to individual interests. OCO orders are also available, and, more crucially, guaranteed stop-loss amounts are provided with every position. Those that execute several deals or follow the maximum number of five “top-tier” investors will do well.
Overall, Ayondo appears to be one of the most equitable trading systems accessible today. This is due in large part to the fact that the trader will not be levied any commissions or fees. When combined with low entry thresholds and the opportunity to follow up to five experts, social trading has a lot of advantages.
However, there are a few disadvantages. Because the number of elite traders remains small, overall outcomes might be biased in any direction. Another important drawback is that the client cannot see which trader has contributed the most to their overall performance. This may make analysing the results a little more challenging.
Ayondo, on the other hand, is still developing. If the number of elite traders continues to grow, this platform has the potential to become incredibly diverse. Because a fully working sample account may be activated, the potential client will be able to evaluate the entire capabilities before making a final choice.
79% of retail investor accounts lose money when trading CFDs with this provider.