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Ayondo Forex Broker provides real users with 1 positive reviews, * neutral reviews and 1 exposure review!

Ayondo Broker Review

1.59

WikiFX monitor

Business

Field Survey Danger

License

BaFin Suspicious Clone

Ayondo Review 2

Latest All(2) Positive(1) Exposure(1)
Positive

Attention friends, this so-called ayondo forex broker is registered in UK and regulated by FCA, but actually has no office there and the license is also cloned.

FX1239803071
2023-02-14
Exposure
It is a scam

Ayondo has taken my money. I invested in this platform and they have not paid me more than $3000. The agent has not responded to my messages and they ask me to deposit more

FX3940634409
2021-12-09

  

Ayondo 2025 Review: Everything You Need to Know

  Ayondo, a prominent player in the online trading space, offers a diverse range of trading services, particularly focusing on social trading. While user feedback highlights its innovative features and competitive spreads, concerns about customer service and regulatory changes have also emerged. This review aims to provide a comprehensive overview of Ayondo based on various sources, ensuring a balanced perspective.

  Note: The regulatory landscape for Ayondo can vary by region, as it operates under different entities, including RSQ Technology Ventures GmbH and Ayondo Markets Ltd. This factor is crucial for potential users to consider in assessing the broker's legitimacy and offerings.

  

Rating Summary

Category Rating (out of 10)
Account Conditions 8
Tools and Resources 7
Customer Service and Support 6
Trading Setup 8
Trustworthiness 7
User Experience 7

  We evaluate brokers based on comprehensive research and user feedback to provide a reliable assessment.

  

Broker Overview

  Founded in 2008, Ayondo has established itself as a trusted broker offering trading in forex, CFDs, and social trading. The broker operates through the Tradehub platform, which includes MT4 and MT5, catering to both novice and experienced traders. Ayondo's asset offerings encompass a wide range of instruments, including forex pairs, indices, commodities, and cryptocurrencies. The broker is regulated by the German BaFin, ensuring compliance with stringent financial regulations.

  

Detailed Review

  Regulated Geographical Areas:

  Ayondo is primarily regulated by the Federal Financial Supervisory Authority (BaFin) in Germany. However, it has a complex regulatory history, having previously been regulated by the UKs FCA, which has led to some uncertainty among users regarding its operational status.

  Deposit/Withdrawal Currencies:

  Ayondo supports multiple base currencies, including USD, EUR, and GBP. However, it does not currently accept cryptocurrencies for deposits or withdrawals, which may limit options for some traders.

  Minimum Deposit:

  The minimum deposit to open a live trading account with Ayondo is set at a competitive $100, making it accessible for beginner traders.

  Bonuses/Promotions:

  While Ayondo does not have a current sign-up bonus, it occasionally offers promotions such as cash-back deals. However, the absence of a referral program or other incentives may be a drawback for some users.

  Tradeable Asset Classes:

  Ayondo offers a broad selection of over 100 tradable assets, including more than 40 forex pairs, various commodities, and indices. However, its cryptocurrency offerings are limited, which may deter crypto-focused traders.

  Costs (Spreads, Fees, Commissions):

  Ayondo's spreads are competitive, with an average spread of 0.8 pips on major currency pairs like EUR/USD. The broker follows a market maker model, meaning it earns through the spread rather than charging commissions on trades. Additionally, there are no deposit or withdrawal fees, although an inactivity fee may apply if accounts remain dormant.

  Leverage:

  Ayondo offers leverage of up to 1:30 for major currency pairs in compliance with European regulations. This leverage allows traders to control larger positions, but it also increases the risk of significant losses.

  Allowed Trading Platforms:

  Ayondo provides access to its proprietary Tradehub platform, along with popular MetaTrader platforms (MT4 and MT5). This flexibility allows traders to choose the platform that best suits their trading style.

  Restricted Regions:

  Ayondo does not accept clients from the United States, Canada, and several other jurisdictions due to regulatory restrictions. This limitation can significantly impact potential users from those regions.

  Available Customer Service Languages:

  Customer support at Ayondo is available in multiple languages, including English, German, Spanish, Chinese, and Arabic. However, the absence of 24/7 support has been a noted drawback, with many users expressing a desire for more accessible customer service options.

  

Rating Summary (Revised)

Category Rating (out of 10)
Account Conditions 8
Tools and Resources 7
Customer Service and Support 6
Trading Setup 8
Trustworthiness 7
User Experience 7

  

Detailed Breakdown

  • Account Conditions: Ayondo's minimum deposit is low, making it accessible for new traders. However, the lack of multiple account types may limit options for more experienced traders.
  • Tools and Resources: The Tradehub platform offers a user-friendly interface with essential trading tools, but some users have noted that educational resources are limited compared to competitors.
  • Customer Service and Support: While Ayondo provides various support channels, the lack of live chat and limited hours of availability can be frustrating for users needing immediate assistance.
  • Trading Setup: Ayondo's trading environment is generally smooth, with competitive spreads and a robust platform. However, the lack of guaranteed stop-loss orders could be a concern for risk-averse traders.
  • Trustworthiness: Ayondo's regulation by BaFin enhances its credibility, but the broker's evolving regulatory status has raised questions among users about its reliability.
  • User Experience: Overall, user feedback indicates a generally positive experience with Ayondo, although some concerns about customer support and educational resources persist.

  In conclusion, Ayondo presents a solid option for traders interested in social trading and forex markets. While it offers competitive spreads and a user-friendly platform, potential users should carefully consider the limitations in customer support and educational resources. As always, conducting thorough research and understanding the risks involved is essential before engaging with any trading platform.

Ayondo review