ayondo, a social trading technology provider, announced this Tuesday that it has launched ayondoPRO, a high leverage option for professional traders.
Expanding its B2C offering, ayondoPRO offers its customers who are categorized as professional investors the ability to trade more than 2,000 instruments with a leverage of up to 200 times.
According to the EU regulations, an investor must meet two out of the three criteria in order to reclassify themselves as a professional client:
1. A client has executed significant sized leverage trades at an average frequency of 10 per quarter over the last four quarters.
2. The value of their portfolio of financial instruments, together with cash included, is at least the equivalent of EUR 500,000.
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3. They have worked or currently work in the financial sector for at least one year in a position that requires professional knowledge of transactions in financial instruments or brokerage services.
ayondo Launches Spread Rebate Program
In addition, the new trading platform offers users a type of rewards program. According to the statement released today, professional clients can participate in the Spread Rebate Program.
This program gives clients part of the spread they have paid back to their trading account. The total amount of cash traders can have returned is dependent on the amount of trading they do per asset class, the statement said.
Another perk of ayondoPRO is that users will also be assigned their own “Premium Account Manager,” who will be available to assist with trading and other support needs.
Commenting on the launch, Raza Perez, the Chief Product Officer of ayondo, said: “with ayondoPRO, professional and experienced traders will benefit from a combination of excellent service, great trading conditions and customer protection.”
“We have seen a lot of demand for a platform that provides high-leverage with trading conditions offering tight spreads. The launch of ayondoPRO is part of our commitment to keep improving and investing in our B2C product offering while introducing a PRO White Label facility for B2B clients, at the same time.”