AvaFX partners with ayondo – a new signal following platform
It seems forex signal/trade following is the biggest trend now with just about everybody offering their own version of this
It seems forex signal/trade following is the biggest trend now with just about everybody offering their own version of this – Currensee, Tradency, Zulutrade, FxStat, fxjunction, Collective2 and eToro just to name a few. Each of these providers has its own platform with or without social aspects, some offer signal trading, others actual traders following. Some platforms are very simple, others are advanced are professional.
Today we see AvaFX (one of the fastest growing fx brokers) partnering with ayondo – a relatively unknown/new signal following service. ayondo seems to be based in Germany and has also partnered with UK based ActivTrades.
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ayondo allows traders to follow signals from a list of over 500 available signal providers. Unlike Currensee’s Trade Leaders or FxStat’s Market Leaders who compensate signal providers/traders only from successful trades, ayondo like most other networks compensates signal providers based on volume ($3 for profitable trade and $1 for unprofitable trade). This way ayondo tries to deliver volume based compensation with profitability incentive.
Other than that it doesn’t seem to be different from any other signal/trade following platform out there.
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volume-based revenues models for the signal providers or auto-execution technologies creates a friction between the sales entities (whether IB or internal brokerage sales team) and the signal providers. Both entities want/need to “own” the client. Each entity wants to get paid volume fees by the clearing firm. A flat fee subscription service is a cleaner revenues model for the clients and the clearing firms. If the clients are paying a flat fee, then it does not matter who the sales entity may be. In fact the client’s account info does not even need to be known by the signal providers.… Read more »
AVAFX has been for many years now with Ayondo, and Etoro is dead in the water.
Either you need to do improve your research or write new articles rather than posting many year old ones and pass them on as new
Yep, AVA and ayondo have been working together for a couple of years….the only broker options on their site are AVA and Active. ayondo have become one of the biggest players in the german market, pretty big stuff