Ayondo Trading Platform Detailed Review 2024

To preserve the platform, Ayondo Ltd. partnered with the ActivTrades Group. This strategic collaboration facilitated the transition of Ayondo’s entire customer base to the ActivTrades platform for their trading needs. While this move is currently deemed temporary, there are plans to progressively restore the original range of Ayondo services.

In this comprehensive review, we will scrutinize the combined services of Ayondo and ActivTrades.

Pros and Cons

Understanding the pros and cons of a trading platform can surely improve your trading performance. As a result, let us explore the platform’s merits and drawbacks so that you have a thorough idea of what it has to offer.

Pros

• Trusted by 250,000+ registered users
• Fully Regulated — BaFin (Germany) under RSQ Technology Ventures GmbH
• Functions as a social trading platform
• Low capital requirements

Cons

• Complicated website interface
• Offers its trading platforms through a third-party broker (activtrades.com)

History of Ayondo

Robert Lempka and Thomas Winkler established Ayondo in 2008, marking the beginning of the company’s journey. The founders were inspired by a desire to democratize trading and offer equal chances for traders of all experience levels.

However, the company did not go live until 2009. Ayondo was initially based in Germany before it set up shop in London and a few locations.

According to its website, Ayondo became a leading figure in the online broker industry, with a clientele of more than 250,000 customers. Despite the reasonably fierce competition in the industry, the broker rapidly developed due to its use of a wide range of innovations and continual monitoring of the situation in the global financial market.

Having achieved great success and risen to the top, the trading platform encountered a major crisis in 2018. The parent company faced economic challenges, which were alleviated by a takeover from the Dutch-based BUX Holding.

However, the collaboration between the social trading provider and the financial service provider ended due to the absence of an EU license and differing strategic interests.

Following an extensive search for suitable partners to forge a shared future, Ayondo eventually formed a partnership with the ActivTrades Group, which still holds to date. However, all the platform’s technology and trademark rights are owned by RSQ Technology Ventures GmbH.

There are currently two distinct enterprises operating under Ayondo, the first of which is the CFD and Forex broker, controlled by the ActivTrades group of companies. The second company is a social trading provider and is governed by BaFin. However, it seems the social trading platform is defunct at the moment.

Here are some of the key milestones in Ayondo’s history:

• 2008: Ayondo is founded in Ruderting, Germany, by Robert Lempka and Thomas Winkler
• 2009: The platform begins operation with the headquarters in London, England.
• 2012: Ayondo receives its license (currently lapsed) from the UK’s Financial Conduct Authority (FCA).
• 2015: The brokerage company is acquired by Next Generation Finance AG.
• 2017: Ayondo receives its license from the BaFin in Germany.
• 2018:
  1. Ayondo faces financial problems and is acquired by BUX Holding for a short period
  2. Ayondo enters into a partnership with ActivTrades Group.

Trading Terms and Conditions

When it comes to trading platforms, the significance of knowing and understanding the trading conditions cannot be overstated. For this reason, I have decided to go over the trading terms offered by Ayondo.

One thing to remember and note before reviewing the terms is that Ayondo’s trading platform is no longer operational. Instead, all trading activities now take place on ActivTrades. Thus, the trading terms and conditions listed in this section are those ActivTrades uses.

Here are the trading terms and conditions;

1. Minimum deposit – $0
2. Minimum withdrawal – $10
3. Base currencies – EUR, GBP, USD, and CHF
4. Maximum leverage – 1:400
5. Minimum bid (Spreads) – 0.5 pips
6. Support languages – English, German, Spanish, French, Italian, Bulgarian, Arabic, Chinese, Portuguese, and Malay.
7. Assets – Indices, Currencies, Commodities, Precious Metals. Stocks & ETFs, and Crypto

How to Open an Ayondo Account

Opening an Ayondo account is a straightforward process. Here’s a step-by-step guide to help you get started:

Step 1: Visit the Ayondo Website

Make your way to the Ayondo website to start the account opening process. Make sure you are accessing the official site to ensure security. Look for the “Register” button on the homepage, and then click on it to initiate the account creation process.

Step 2: Complete the Registration

You’ll be asked to provide personal information, including your full name, email address, and country of residence. I will advise you to create a strong password for your account.

Step 3: Verify Your Email

Ayondo will send you a verification email to the address you provided during registration. Click on the verification link in the email to confirm your account. Once your email is verified, log in to your Ayondo account to select the type of trading account that best suits your needs.

Looking for a platform with a straightforward signup process? Then check AMarkets.

Account Types

It appears that Ayondo had two types of accounts, the trading account and the social trading account. However, as the website no longer offers trading services, further confirmation on these account types appeared difficult.

However, due to the partnership with ActivTrades, registered users on the Ayondo platform are now directed to the ActivTrades platform. This also means that you have to create an ActivTrades account to access the offered accounts.

ActivTrades presents a range of four account types for traders: Professional, Individual, Demo, and Islamic accounts.

• Professional Account: Designed for experienced traders seeking advanced features and tools.
• Individual Account: Tailored to suit the needs of individual traders, providing a wide range of trading options.
• Demo Account: Offers a risk-free environment for practice trading to hone one’s skills.
• Islamic Account: Complies with Sharia principles, making it suitable for traders following Islamic finance guidelines.

AMarkets offers a Demo account too.

With this array of account choices, you can find the one that best aligns with your trading preferences and goals.

Assets and Markets

With the help of ActivTrades, users of Ayondo gain access to a wide range of assets. These assets encompass various financial instruments, allowing you to diversify your investment portfolios and exploit different market opportunities.

• Forex — A wide range of forex pairs, totaling over 50 options. The pairs include major currency pairs like EUR/USD, GBP/USD, USD/JPY, and minor and exotic currency pairs.

• Shares — Over 1,000 company shares are available for trading. The extensive selection includes stocks from various markets, including the UK, US, German, and Japanese.

• Indices — This selection includes major indices such as the Nasdaq, Dow Jones, Euronext, UK100, and Ger30. These indices represent the performance of major stock exchanges.

• Cryptocurrencies — With the growing popularity of cryptocurrencies, the platform offers a selection of 16 cryptocurrencies, including Bitcoin.

• Commodities — Offers 16 commodity CFDs. The section includes popular commodities like gold, silver, energies (oil and natural gas), and grains (wheat and corn).

• Bonds — ActivTrades offer a selection of bonds for trading. Some of the bonds available on our platform include EUBBL, EUBTP, EUBUND, EUSTZ, and USATB.

• ETFs — In addition to traditional assets, they also offer a variety of ETFs (Exchange-Traded Funds). ETFs are investment funds that trade on stock exchanges, providing exposure to a basket of assets such as stocks, bonds, or commodities.

Trading Platforms

The trading platforms formerly associated with Ayondo are now part of ActivTrades, following significant changes in Ayondo’s operational structure. Previously, Ayondo hosted various trading platforms on its website, but all trading activities are now carried out exclusively through ActivTrades.

This transition allows you to benefit from ActivTrades’ robust and reliable platforms, providing the tools needed to confidently and efficiently traverse the financial markets. The consolidation of these platforms under ActivTrades guarantees an enhanced, seamless trading experience for all users redirected from Ayondo.

The trading platforms offered by ActivTrades;

ActivTrader

ActivTrader is the proprietary platform provided by ActivTrades that caters to traders of all levels, whether they are beginners or experienced professionals. It offers a user interface that makes navigation and customization easy. Moreover, it includes charting tools and indicators to assist with market analysis.

The platform stands out for its versatility, enabling users to trade a range of over 1,000 instruments across various asset classes. This platform utilizes technology that ensures fast execution speeds, allowing trades to be executed efficiently.

Additionally, traders can conveniently access this platform on devices and operating systems, providing the flexibility to trade anytime and from anywhere.

MetaTrader 4

Metatrader 4 (MT4) is an adopted trading platform that traders and investors from around the world use. It provides a user interface that allows trading in foreign currency, CFDs and futures. With MT4, users can make trades at any time using automated trading systems known as Expert Advisors (EAs).

This software offers a range of analysis tools and indicators, which has made it a favorite among day traders and developers of trading systems. The reliable backtesting technology allows system engineers to easily validate their operations. Both newcomers and seasoned traders appreciate MT4 because of its features and flexibility.

MetaTrader 5

MetaTrader 5 (MT5) is highly regarded as one of the leading trading platforms created by Metaquotes. Being a flagship platform, MT5 provides traders with a range of features and functionalities that enable them to navigate the markets with confidence.

MT5 is designed for real-time trading in various instruments, including currencies, stocks, indices, futures, and cryptocurrencies. Its versatility allows users to engage with assets catering to investment decisions and personal preferences.

Trading Tools

Although it may not offer a dedicated trading platform, Ayondo compensates with an impressive array of trading tools that continue to evolve and improve. The company’s commitment to innovation and continuous improvement ensures that you have access to a comprehensive suite of tools.

The significant tools offered are;

• Equity Curve Simulator: Based on selected criteria, the simulator calculates and visualizes various scenarios for how the performance of an investment strategy could evolve. The simulation also demonstrates how major performance metrics interact with one another.

• Calculator: Ayondo provides this valuable library of comparative calculator overviews, which enables quick, convenient, and up-to-date information on financial market subjects that may interest everyone.

Other minor tools include Candlestick Cheat Sheet, Product Search, ChatGpt Ayondo, and MQL AI.

You can use the tools presented here for free. The trading platform enables you to thoroughly test them and integrate them into your day-to-day trading.

You do not need to register to use these tools, and Ayondo welcomes your feedback and suggestions for improvement. Furthermore, if you have suggestions for improving the tools provided, the broker has a section where you can pitch your ideas.

Educational Section

The educational section offered by Ayondo is undoubtedly one of the most valuable features for users who sign up on their platform. In collaboration with carefully chosen partners, Ayondo has developed an extensive e-learning area to provide you with the knowledge and skills to navigate the financial markets successfully.

Recognizing the importance of protecting investments and maintaining composure during turbulent market phases, Ayondo has prioritized equipping you with the necessary tools and resources.

The e-learning area covers a wide range of educational resources that address topics such as risk management strategies, market analysis techniques, and trading psychology. These are offered through webinars and mentorship programs.

Webinars

Enhance your knowledge of trading by participating in the webinars organized in partnership with ActivTrades. These interactive sessions offer insights into the world of trading.

If you find the content intriguing, registering for webinars is a breeze – a few clicks! Additionally, you can conveniently access webinars through the customer area provided by ActivTrades to ensure you stay updated on all information.

Ayondo is currently hosting a series of weekly webinars by a financial coach named Paul Wallace. According to the webpage, Paul is a full-time financial trader with over 29 years of experience in competitive, results-driven environments.

He has traded as an individual as well as for funds. He primarily trades forex, indices, and commodities. He has been coaching and mentoring traders for over ten years.

Mentorship Programs

You can embark on a guided journey to achieve mastery by enrolling in their mentorship programs. Their network consists of experts, each with a track record of success, who are eager to assist you in navigating the realms of fundamental financial knowledge and advanced investment strategies.

As a beginner, the mentorship is simple to use and understand. With the help of the mentors, financial concepts have been simplified into easy to understand strategies.

Regulations

As we mentioned earlier, Ayondo has an impressive track record in the trading sector. In terms of regulations, Ayondo Markets Ltd received approval from the Financial Conduct Authority (FCA) which showed their dedication to complying with the guidelines set by the UK regulatory body.

However, it’s important to mention that this license is no longer in effect.

Ayondo’s trading operations have now transitioned to the ActivTrades web platform. As a result of this shift there might be variations in their status and oversight. It’s worth noting that their current website no longer includes information about its trading platform’s license.

AMarkets is a broker with more regulation.

Is Ayondo Safe?

When it comes to trading, the safety of traders is essential. Trusting a broker is crucial when you open an account and entrust your funds.

The concern arises with Ayondo’s security measures, since their website doesn’t provide information about protecting users’ data and ensuring security. The lack of communication regarding security protocols can lead to doubts, and make potential traders hesitant about opening an account with this broker.

Considering the uncertainty surrounding Ayondo’s website and its insufficient details on security measures, you need to be cautious when signing up.

Customer Support

Ayondo provides various support avenues for when you need assistance or have queries. Their customer support team can be reached via chat, phone, or email, catering to your preferences for convenience, directness, or simplicity.

Yet, Ayondo seems to be grappling with some issues related to these customer support options, potentially leading to delays in their response times. It’s noteworthy that after registration on the platform, you will be contacted by an ActivTrades representative, not an Ayondo one.

This situation raises questions about the efficiency and reach of Ayondo’s customer service. Before making the choice to sign up, it’s important for you, as a potential user, to gauge the expected quality and speed of the broker’s support services.

Final Verdict 

After evaluating the platform, I must say that I cannot recommend Ayondo as a platform to join. While they do offer resources and tools, there are concerns regarding their partnership with ActivTrades, and the uncertainty surrounding the future of their trading platform. These factors cast doubt on Ayondos trustworthiness and effectiveness.

However, if you are in search of a trading platform, it would be ideal to consider looking into alternative options. Our reviews provide information about trading platforms, allowing you to choose the one that best suits your trading requirements and preferences.

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