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Ayondo Reviews

Ayondo Review

Ayondo makes trading in forex, CFDs, and binary options easier. Every component of its offering, including fees, a demo account, and cryptocurrency functionality, will be put to the test in this review.

The history of the company

Ayondo was started in 2009 by Robert Lempka and Thomas Winkler. The company was originally situated in Germany, but as the number of users increased, the broker went international. The company’s present headquarters are at its London, UK, office.

In 2016, the business started making preparations to go public. The Business Times and Singapore IPO forums for Ayondo Ltd. anticipated the price to be about $105.6 million. According to news reports, the first day of the sale saw the signing of about 81 million invitation shares for A$0.26.

The business bought the well-known investor education software TradeHero in 2017. The broker then became the first fintech to be listed on the Catalyst growth board of the Singapore Exchange following a failed takeover (RTO) of Starland Holdings (SGX). However, Ayondo was delisted in 2021.

The registration and login processes have significantly improved since Ayondo introduced its brokerage solution, even if it is essentially just a white-labeled version of the Gekko Global Markets platform.

Markets and assets

Clients receive an extensive list of over 100 instruments and markets to choose from:

  • “Contracts for difference”
  • Precious metals
  • Binary Options
  • Interest rates on bonds
  • Over 30 FX currency pairs.
  • The Major Asian, European, and American Indices
  • Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple)
  • Shares of the largest blue-chip companies, including Starbucks and Coca-Cola

The UK and Irish customers can also register for a spread betting account.

Ayondo Reviews
Ayondo Reviews

trading platform

The TradeHub live platform offers a streamlined and simple user interface. Wide-ranging levels of customization are offered to aid in accelerating implementation. The UI is straightforward and crisp, and the information and lot sizes are both understandable. Additionally, trading products, margins, and cash balances are all readily apparent. The fact that orders are simple to find and positions come with assured stop losses is also praised by users.

Overall, people new to trading or those used to the high standards of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) systems will find the Ayondo platform to be the most suitable.

Spreads and commissions

The market maker business model is used by Ayondo. The price difference between the purchase and selling price is where they deduct their charge. Additionally, there are costs for deposits, inactivity, and CFDs; withdrawals are free.

Mobile app

TradeHub’s platform is accessible on mobile devices through Ayondo. The mobile trading app is available for both iOS and Android devices. The ratings for the iPhone and iPad apps are especially favorable. You have variable portfolio margins and can set trailing stops while getting loss protection, just like on the desktop platform.

Your Ayondo Markets mobile login information also grants you access to:

  • Usage Tips
  • Complex charts
  • Search for versatile function
  • A detailed guide and help section

Payment Methods

After completing the registration process, you must begin funding your account. Debit cards, credit cards, and bank transfers can all be used to make deposits and withdrawals. Accounts can be opened in euros, British pounds, and US dollars. Real accounts can be opened with $100, and card deposits are free. $10 is the minimum withdrawal amount. Before making your initial withdrawal, you must additionally confirm your identity and address.

Demo account

Ayondo Markets provides a free demo account with $10,000 in fictitious funds if you are new to trading. While learning about the markets, you can test the broker and the platform here.

Regulation and licensing

Due to the surge of bogus and fraudulent brokers, it is crucial to verify that your platform is regulated. Thankfully, Ayondo Markets Limited in London has a Financial Conduct Authority license (FCA). The organization makes sure the business abides by the regulations designed to protect consumers. This includes safeguarding your financial assets in various circumstances, such as bankruptcy.

The Federal Financial Supervisory Authority (BaFin), registration number 145765, oversees Ayondo Portfolio Management GmbH.

Ayondo Reviews
Ayondo Reviews

Customer Service

Customer reviews are quite positive in terms of customer support. Traders can contact Ayondo Markets via live chat, email, and phone. Support is available at:

  • English
  • Deutsch
  • Spanish
  • Chinese
  • Arab

The staff are knowledgeable and can help you with a long list of technical and account inquiries.

Safety

With the rise of scams and hacks, it is important to ask – is Ayondo good in terms of user security? Fortunately, the answer is yes. To ensure personal security, the brokerage company uses

  • Separate bank accounts to hold client funds separate from the firm’s operating capital
  • Negative balance protection ensures that you do not go over your account balance.
  • Advanced encryption technologies are being developed to protect against attacks and fraud.
  • To ensure solvency, daily internal reconciliations are carried out.
  • An annual audit is carried out by an independent auditor.

In addition, Ayondo’s free insurance policy was particularly impressive in this review. Introduced in 2015, it covers up to £1,000,000 on top of the standard FCSC coverage for each client.

Countries that Ayondo does and does not work with

Ayondo accepts traders from Australia, Thailand, the United Kingdom, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Traders cannot use Ayondo from the United States or Canada.

Conclusion

The social trading platform offered by Ayondo excels for several reasons, including minimal costs, reasonable entry requirements, and access to the finest traders. With a $100 minimum deposit and industry-standard fees and spreads, the brokerage stands out from the competition overall. It is a great option for newbies because it provides a wealth of educational tools and allows you to test the platform out with a sample account first.

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