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ayondo Launches in the United Kingdom

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ayondo’s European expansion just reached another border, as the company announces that it has launched its social trading service in the UK.

Based in Frankfurt, Germany, ayondo is an innovator in the world of social trading. The company’s platform allows average investors to share trades and investments and, more importantly, to trade and invest alongside the best performing traders and investors on the platform.

Those using ayondo can trade a variety of assets, including currencies, stock market indices, individual stocks, and commodities. Traders can begin following up to 5 top traders for a little as €100.

ayondohomepage.jpgThat ayondo would expand to the UK should probably come as little surprise. The company had already expressed its interest in the UK and Irish markets by adding spread betting to the platform earlier this year. Spread betting is available only to ayondo’s clients living in Ireland or the UK.

Said ayondo managing director Thomas Winkler in a press release, “ayondo is the first social trading platform to offer spread betting with proportional following for a wide range of asset classes.”
ayondo was founded in 2008, and launched its social trading platform in January 2012. The company demoed its technology as part of the FinovateEurope show a year later in London. See  the company’s presentation here.