Social trading platform ayondo gets authorisation from German regulator

By Moriah Costa on Tuesday 29 August 2017

Savings and Investment

Clients can now tailor their trading on the platform to match their investment goals.

Social trader ayondo is among the first companies to offer social trading services under a portfolio management license from German regulator BaFin.

Effective on 1 September, the license means customers can match their social trading with their personal investment objectives to align with their overall investment strategy.

“In collaboration with, and in consideration of the BaFin guidelines, we have taken traditional portfolio management and adapted it to the needs of today,” said Robert Lempka, CEO of ayondo Group. “The development is hugely important for ayondo and marks a major milestone for the fintech industry.”

Social trading is a means of trading by which retail investors can copy the trades of experienced traders.

The platform, which operates in Germany and the UK, is also introducing a new performance-based remuneration. This means that top traders will receive compensation for each follower’s performance, as well as a share of a fixed management fee. The goal of the new fee structure “is to broaden the range of top traders trading buy-and-hold strategies for followers,” the company said.

Founded in 2008, the company has a variety of financial trading activities and has over 210,000 users in over

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