Archived articleThis is an archived article from 2017 - please note that any content within the article may be out of date.
Platform to copy strategies of other investors
I saw an advert on YouTube yesterday. It seemed to be for a platform where one selects the portfolio of someone already on the platform and "copied" their strategy.
Unfortunately I can't remember what it was called. It might have been something like "Oyando" but I can't be sure, and Google hasnt thrown anything up.
Any ideas what this platform is?
Thanks
Nico
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5 comments
Thanks all.
A very dangerous game. All the traders I looked at were holding onto offside positions for ages hoping they would break even. Short the Dow at 20K and short FTSE at 7K were favourite open positions.
i would also be wary of account balances of these traders as Ayondo hides them and gives everyone a starting balance of £100K whether they are trading that amount or £100. Obviously easier to hold onto positions when you have £10 risked but the percentage gain don't tell the whole story.
Had a quick look a few weeks back. Most of their top investors were neck deep in ether and bitcoin. Not a game I want to play...
I've not looked in to these in any depth but before I do - mostly just out of interest - is there a general feeling about them ? I see that etoro is registered in Tel Aviv and Limassol in Cyprus where I believe regulation is rather light - would that be a warning sign or am I completely wrong ?
Close, try Ayondo :-)
There are others too, like etoro, Zulutrade, Tradeo.
Never used any of them FWIW.