Ayondo have just announced that they now allow “real money traders” to share their trades on their popular social trading platform. Previously their “Top Traders” could only send their trade signals from a demo account. Now, with a minimum funding of €1,000 or £1,000 they can trade from a live ayondo markets broker account and share their trade signals with ayondo’s customer base.
Top Traders who use a real money account will also be highlighted with a special icon on all the ranking lists. Customers are also able to search for “Real Money Traders only” when they look for traders who’s trades they want to copy. In our opinion this new releases is great news, both for the top traders sharing their trades and ayondo customers who invest in them.
Professional traders normally trade with their own money. Hence, up until now, if they’d wanted to share their trades on the ayondo platform, they had to enter their trades manually in a demo account in parallel with executing the trades on their own live account. Now they can just trade from their live account and their trades will automatically be shared (and for UK customers this is from a spread betting account which is beneficial for them). In addition, real money traders should also expect more followers because customers will be more likely to follow a trader who risks their own money. Ayondo real money traders can sign-up here and find more info.
For ayondo’s customers this release is therefore also beneficial since they can now follow traders who risk money from their own live account. Normally you’d also expect traders who risk real money to be more careful with their risk management approach than traders who use a demo account. However, as with any social trading network, the fact that someone sends signals from a live account is never a total guarantee and you should still look at all other performance stats when evaluating them. The first real money trader, FXSocial, was added to ayondo today and you can look at the latest list of top traders here.
For more information and our opinion on ayondo you can read our full review on our Social Trading Guru website.