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.
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.
