Ayondo : license BaFin and doubling the protection on deposits
Ayondo receives a license from the regulator, German BaFin, and double the protection on deposits
Last week, ayondo has acquired a licence for portfolio management of the regulator in German. This license will allow the company to expand its offering of trading social. The company plans to use the subsidiary authorized to meet the needs of customers in the European Union.
At the same time to the FCA of the United Kingdom and the monetary Authority of Singapore (MAS), the regulatory authority German BaFin is one of the regulatory authorities the most respected at the global level.
On July 24, 2017, Ayondo has also announced the doubling of the protection on the deposits of customers up to GBP 1 million per customer. This level of insurance exceeds the standard protection of the FSCS of £ 50,000. The insurance policy is underwritten by QBE Underwriting Limited and other trade unions participants of Lloyd’s of London.
Before you increase the protection offered by the FSCS, ayondo was previously one of the first brokers to CFD to provide protection against the negative balance and stops secured free.
Ayondo is a global group with subsidiaries authorized and regulated in the United Kingdom (FCA) and Germany (BaFin), offering innovative solutions for trading and investing for traders, retail and institutional. Ayondo is specialized in social trading, with an online trading platform sophisticated and a leading platform for trading social. Social trading allows investors to automatically copy trades of Top Traders.