Social trading firm Ayondo goes pro
Social trading company Ayondo has unveiled a new professional trading platform. A complement to the Singapore-based company’s B2C product, AyondoPRO caters to the needs of professional traders, reports Julie Muhn at Finovate.
Specifically, AyondoPRO clients will be able to trade more than 2,000 instruments with leverage of up to 200 times. Participants can also join a Spread Rebate Programme that gives clients part of the spread they have paid back to their trading account.
And professional traders don’t need to sacrifice Ayondo’s standard benefits such as negative balance protection and free additional insurance that covers each Financial Services Compensation Scheme (FSCS) eligible customer up to $1.3 million in excess of the FSCS standard.
Founded in 2008, Ayondo offers a brokerage platform that lets users copy the moves of top traders to optimise returns.
The company became the first fintech to list on the Singapore Stock Exchange this March, following a failed reverse takeover deal from Starland Holdings.
Earlier this fall/autumn, Ayondo formed a white-label agreement with Phnom Penh Derivative Exchange to provide its TradeHub to its derivative broker clients in Cambodia.