A user asked: Looking for platform with low leverage 1:3 low charges lpw spread. 100k to trade.
The answer is yes – ayondo offer an option to set your own leverage levels.
You obviously can’t increase them, but you can reduce them all the way up to 100%.
The advantage of this when trading CFDs is that you don;t have to pay the overnight financing on trades. So if you are looking to hold positions in the long term there is no need to pay the 0.5% stamp duty or commission on a CFD.
It can also help mitigate risk if you don;t want the temptation of over leveraging…
The disadvantage is that you don’t have get all the voting rights of owning the actual shares.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.