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Alpha for everyone at an affordable price
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It was our desire to create a product, which offers everyone a market return at an affordable rate already for accounts from EUR 100. As a result, we developed a fair and transparent model - packed with alpha.
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The fees that you pay to a modern CFD and forex broker are limited to the spread and the so-called rolling costs for overnight positions.
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A registration with ayondo does not put you under any obligations but gives you access to the ayondo application, including all trader profiles, live trades, and ranking lists. Only when you open an account with one of our partner brokers via your ayondo account does the broker share his revenue earned through the spread.
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What are spread fees?
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The spread (also bid/offer spread) is the difference between the acquisition and sales price incurred for each transaction. Anyone who has ever exchanged money at the airport has experienced spread fees. E.g. if you were to buy Euros and pay with US dollars, then sell US dollars again immediately to buy back Euros, you'd never get back your original amount in Euros.
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This is the same with trading. Professional day traders rarely trade in shares but rather primarily in commodities, bonds, indices and forex. If, for example, you were to bet on a rising Euro against the US dollar at a rate of 1.4021 and sell again immediately, you would only get a rate of 1.4018. The difference of 0.03 cent are the so-called spread fees. They constitute your broker's income and are based on the size of your position.
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ayondo receives a share of spread fees from the broker and in turn shares this with your top traders. This creates a win-win situation for all parties.
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What are roll costs?
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Whenever a trader holds a position overnight, so-called roll costs are incurred because he is trading in forward contracts, which are not based on a spot price. Your broker e.g. secures the positions that you trade on your account by using future contracts such as the DAX future. He'll inccur roll costs if the price of the subsequent contract is higher than the ending contract. These roll losses are calculated precisely for each day.
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If one of your top traders holds a position e.g. for two nights before selling, the broker charges a fee for exactly two nights. The roll costs are mostly cents, which is why the majority of traders disregard them.
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ayondo receives no share of the rolling costs.
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