Ayondo is a global supplier of social commerce that was started in 2009.

It has offices in London, Frankfurt, Madrid, Singapore, and Zug, with 43,000 active clients. To date, it has won 19 international awards for pursuing the seemingly simple goal of connecting investors to the world’s major asset markets. It is one of the industry’s smaller players, but it has successfully carved out a niche for itself, attracting investors who value quality and service.

Commissions and fees

The gaps between rates and offers in the self-trading portion of the Ayondo platform are comparable to the sector average.

In the social trading component of the platform, there are two pricing systems for accounts that follow the top trader. Some businesses bill based on volume, while others bill based on results.

Volume-based commissions include a one-cent fee for each signal (opening/closing a position).

According to our search and filtering, the volume-based methodology has been used by the majority of top traders.

Financing fees are also applied. Overnight costs are calculated by multiplying the applicable interbank rate by 3%. Short sales of non-currency products could be eligible for an interest credit. Fees may be imposed on inactive accounts, however they do not take effect until the account has been in use for 180 days, therefore this is only a tool to encourage account users to follow best practices.

The price is clearly stated, which is often a good feature. Because all commissions are collected in one area, having customer accounts in-house rather than with a third-party broker improves transparency.

Slippage is the difference between the trader’s executed price and the subscriber’s executed price, which represents the frictional expenses involved with social/copy trading. Establishing a framework in which master and slave accounts share the same platform reduces the possibility of slippage. In other words, keeping internal activity up minimizes the time it takes for buy/sell signals to arrive. Slippage must be monitored, although the nature of the Ayondo platform aids in this job, and test transactions show that current slippage is minimal, often less than one pip.

Another factor to consider when it comes to social trading commissions in general, and this applies to all platforms in the business, is that lead traders may initially entice investors with one type of transaction before shifting their strategy. This could be because, after a trader has a sufficient number of followers paying management fees, a trader who uses a performance-based incentive structure and delivers top-level returns can actually reduce the strategy’s risk-returns. If they continue to publish more consistent trading returns, they will lose subscribers who are now a valuable source of income, but they will not lose subscribers who are now a valuable source of income. Investors must keep an eye on their assets and manage risk.

Customer Service

During our evaluation, we found the customer service to be of exceptional quality. The phone help desk workers, who were easy to understand, rapidly fixed our concerns.

The help desk is only open during business hours, whereas phone technical support is provided 24 hours a day, Monday through Friday. According to our experience with this type of coverage, any concerns that occur in the middle of the night are usually resolved by the “trading desk,” which gives both general and trade assistance. Ayondo has a technological edge because assistance is only provided during business hours.

During our research, we learned that the customer service was excellent. In resolving our concerns, the phone help desk staff was courteous and helpful.

The help desk is only open during business hours, despite the fact that phone technical support is available 24 hours a day, Monday through Friday. In our experience with this type of coverage, any concerns that arise in the middle of the night can usually be resolved by the “trading desk,” which provides both general and trade assistance. Ayondo’s support service is only available during business hours, which is a bonus from a technical standpoint.

Robo-trading

Investors who seek to combine a market presence with a flexible lifestyle will be drawn to Ayondo’s social trading platform. Non-interventionist trading techniques, on the other hand, can include traders who develop their own computational models. This second type of automatic trading is currently unavailable in Ayondo due to the platform’s absence of an interface. For the time being, systematic traders will have to trade elsewhere till the MetaTrader connection is fixed.

Cryptocurrency

Ayondo is a cryptocurrency exchange that offers markets for a number of crypto assets, reflecting the expanding popularity of cryptocurrency trading. Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and Ripple may all be exchanged for fiat currencies such as the US dollar and the British pound.

Markets are available for both self-trading and social trading on the site. For the sake of convenience, account holders are not needed to open a second digital exchange account. Trading positions will be transferred to a standard Ayondo account, giving cryptocurrency instruments the same special features as regular Ayondo instruments.

Withdrawal

Ayondo is a professional services broker that has made a name for itself in the industry. The site is easy to use, and the trading platform is quite user-friendly, making it an excellent pick for any beginner trader looking to get their feet wet in the world of investing.

The platform has a lot of unique and valuable features, and it ticks a lot of boxes for people looking for a specific trading style, but Ayondo has proven that it can compromise with confidence.

Despite the fact that it does not now offer automated trading, some investors choose to put their money in the hands of non-EA traders.

Despite the fact that the number of traders available to track is lesser than on some other platforms, the majority of them trade with their own money.

The traders you’re watching are owed management and performance fees, but this is countered by a commission structure that pushes them to use sound risk management.