I have teamed up with Ayondo because I think they do have something of a genuinely different offering, particularly when it comes to the idea of social trading. Its a very customer-focused company with great support, and of course they are regulated by the UK Financial Conduct Authority (FCA) and registered with the German BaFin Federal Financial Supervisory Authority.
Social trading has been around for a while but isn’t done by most UK brokers. The idea behind it is straightforward enough: other traders make their trades and historical profit and loss visible to you, and you can choose to follow their trades automatically. I have looked at this in the past but have thought it has been a little over-complicated and not overly transparent - until now. I have written a simple step-by-step guide you can access by clicking here.
I will be holding open webinars and seminars with Ayondo - there's a recording of the latest Social Trading webinar at the bottom of this page. In addition, if you open an account referred from me by clicking this link, then I will also be running some exclusive seminars for you on subjects such as technical analysis, risk management, options etc. You can start "following" other traders with an account balance from as little as £1000
When you open your account, I would suggest selecting “Spread Betting/CFD Trading Account”; “Social Trading”; “Follower Account”. The last two let you follow other traders and the spread betting/CFD account lets you carry out your own trades at a competitive spread.
This is what you will see when you open your account: