Ayondo Review

Ayondo review
Ayondo Fees Explained

• Ayondo doesn't charge withdrawal fees
• Ayondo does charge a fee for inactive accounts.
• Ayondo does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Ayondo Fees Compare Against Other Brokers

Ayondo review
Ayondo Minimum Deposit

Ayondo require a minimum desposit of 1 GBP/USD when opening an Ayondo trading account.

A minimum deposit is the minimum amount of money required by Ayondo to open a new online brokerage account with them.

Dont be scared off by brokers like Ayondo charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Ayondo review
Ayondo Withdrawal Fees

Ayondo doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

Ayondo for example allow you to withdraw your funds to Credit cards, Debit cards, Bank Wire Transfers.

Ayondo review
Ayondo Inactivity Fees

Ayondo does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Ayondo review
Ayondo Desposit Fees

Ayondo does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Ayondo review
Ayondo Commission Fees

Ayondo does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Ayondo review
Trading on Ayondo web platforms and other applications

Ayondo also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Ayondo's platforms

Ayondo review
Is the Ayondo Trading Platform Secure?

Ayondo safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Ayondo also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Ayondo.

Ayondo review
Ayondo Trading Platform Options

Once you have logged into your Ayondo account you will see the below trading platform options available to you.

Lets explore each of these trading platforms in detail and what options Ayondo gives you.

Ayondo Trading benefits :

• Low min deposit

Ayondo Trading Accounts Offered :

Below we give an overview on the account types that Ayondo offer. Whatever you are looking to trade the varying Ayondo account types will be able to provide you with what you need.

Can I try Ayondo before I buy?

Ayondo offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

Ayondo withdrawal and funding methods.

Please note that the list of Ayondo payment methods below depend on the Ayondo Entity and the Clients Country of Residence.

All available Ayondo payment methods available to you can be found in your Ayondo members area checked on the Ayondo website.

Ayondo offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Ayondo

Ayondo Payment Methods

• Ayondo accepts Credit cards
• Ayondo accepts Debit cards
• Ayondo accepts Bank Wire Transfers

How can I start trading with Ayondo?

When opening a trading account with Ayondo, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Ayondo trading platforms here. You will need to provide some basic documentation to prove your identity as part of Ayondo onboarding and normal KYC identity checks. These checks are standard practice and help Ayondo provide a safe financial environment for their 10,000 users.

Losses can exceed deposits

Performing trades with Ayondo

Ayondo allow you to execute a minimum of trade of . This may vary depending on the account you open. Ayondo allow you to execute a maxium trade of .

As with most brokers, margin requirements do vary depending on the instruments.

Ayondo Leverage and Ayondo CFDs Explained

let's take a look at some of the basics of using Ayondo leverage.

Ayondo offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Ayondo leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Ayondo trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Ayondo leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Ayondo CFDs are typically used for short to medium term trades. For example Ayondo intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Education resources at Ayondo

To trade effectively with Ayondo, it's important to get a have a good understanding of the Ayondo trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Ayondo and externally.

Ayondo offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with Ayondo.

Take time to look around the Ayondo platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Ayondo

As part of our Ayondo review we review customer service options, response times and Ayondo trading platform problem resolution effectiveness.Ayondo support a limited number including .

Ayondo have a A grade support rating because Ayondo offer over three languages.

Livechat Support at Ayondo

Ayondo does not offer LiveChat Support.

Email Support at Ayondo

We sent several emails to Ayondo and answer times overall were excellent. The fastest response from Ayondo was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with Ayondo, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from Ayondo.

Phone Support at Ayondo

We called Ayondo and the call was answered very quickly. The call was answered in less than 5 minutes.

The Ayondo phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Ayondo team by calling in varying languages. Ayondo made an effort to make sure our queries were answered.

Overall the phone support from Ayondo was okay.

See how Ayondo Support Compares Against Other Brokers

What you will need to open an account with Ayondo

As Ayondo is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Ayondo Brand may be different.

• 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 answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Ayondo's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Ayondo you can visit the Ayondo trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.ayondo.com/ on February 23, 2021.

Ayondo review written by Andrew Blumer and Mark Hansen