Social Trading Championship Seeks Top Traders: The Hardest Trading Challenge in the Worldby Fintechnews Singapore December 7, 2016
ayondo, a fintech group specializing in financial trading technology, has announced its Social Trading Championship, a competition aimed at rewarding top traders and helping those looking for a career in the field.
The Social Trading Championship, set to begin in little over two months from now, will reward Top Traders with cash money by accumulating followers and by allowing others to copy their trades. Traders will also be able to build their track records and increase their incomes with the ayondo Trading Career.
The ayondo Trading Career rewards a consistent performance. It helps traders increase their share of rewards from followers as their career progresses, and prove performance and risk management as their rise through the five profitable career levels.
The purpose of the Social Trading Championship is to climb the ayondo Trading Career within one year. Training videos and content will be available to traders, as well as high-quality webinars and coaching sessions.
Traders can choose to compete as a Real Money Trader or as a Virtual Money Trader.
Competing as a Real Money Trader involves trading with your own money and receiving prizes with each level completion. With a minimum deposit of £/$1,000, traders will be able to publish trading signals from ayondo’s award-winning platform and mobile app TradeHub.
Competing as a Virtual Money Traders implies trading with virtual money on ayondo’s Social Trading platform. The option is open to trader until the end of their second career level, when they will need to change status in order to win prizes for level completion.
Only Real Money Traders are in the running for the grand prize for which they need to reach career level 5. Once at the pinnacle of the ayondo Top Trader career, traders are entitled to a prize pool of up to US$250,000, which is divided amongst all the participants who are at the fifth level on 01.02.2018.
Founded in 2008, the ayondo group portfolio includes the Social Trading provider ayondo GmbH, based in Frankfurt, and the FCA-regulated investment firm ayondo markets Ltd. for experienced traders. ayondo serves some 210,000 users from over 195 countries.
Social trading is a process through which online financial investors rely on user generated financial content as the major information source for making financial decisions. The concept introduces a new way of analyzing financial data by providing a ground to compare and copy trades, techniques and strategies.
Other Popular platforms include eToro, ZuluTrade, Signal Trader and Tradeo. Earlier this month, ayondo entered a perpetual licensing deal with TradeHero, a Singaporean stock market simulation app. The deal aimed at expanding ayondo’s footprint in Singapore ahead of the company’s planned listing on the Singapore Exchange (SGX).