Ayrex is a reliable broker, founded in 2014 and is located at Office 590, Suites 5 Horsfords Business Centre, Long Point Road, Charlestown, Nevis, St. Kitts and Nevis. The company name is ‘Advanced Binary Technologies Ltd’ with the Registration. no: C44622. Support can be reached either via live chat 24/5 on the site itself or via email here: [email protected] Regulation by CySEC is on its way according to the representatives of the firm.
Is Ayrex a Scam?
Ayrex is not a scam. Yes, the platform is still unregulated but transparency, however, is already in their business model. They are very upfront about who they are and what they are doing; it’s all on the website. There are no strings attached, all the details are well-explained and you can even cancel the bonus at any time! As an example, they are very clear and open about their bonuses and the conditions that come with it. Withdrawals are now instantly processed – even during weekends! We’ve also witnessed a representative from Ayrex providing support and interacting with our forum members of CommuniTraders which has added to their credibility.
Editor’s Note – Why Ayrex DOESN’T Suck in 50 Words
Unique and amazing platform with instant withdrawals! Never have I witnessed a platform that executes and pays this fast! First time I tried it out on their free no-deposit and no-registration demo account I wasn’t sure if my trade was even executed because of how fast the platform was! You’re in the trade before you could blink, and if you win – you’ll be paid before you can say Jack Robinson!
Editor’s Note – Why Does Ayrex Suck in 50 Words
Despite the easily accessible demo account, there is a clear lack of a deep and comprehensive education center. There is only some info about how to deposit and use the platform. It’s not enough, so make sure you go through our trading school!
Should I Open an Account with Ayrex?
The company behind Ayrex has created their own unique platform that eliminates all delays and truly enables a fast-paced trading style never seen before. The platform’s interface looks slick and you can jump into any trade with just one click! Each trade is executed without any delays whatsoever. In fact, you barely get to remove your finger from the mouse button before your action is performed. This is excellent for any type of trader but especially the short time frame traders. The platform allows short-term trading like 30 seconds, 60s, 120s, 180s and up to 5 minutes. In addition, there is the regular High and Low options which can be traded for 15 minutes up to an hour. Finally, the One Touch options offer “Touch” and “Not touch” with the desired direction for the same expiries as for the High and Low options. I would love to see the company adding more expiry choices as well as option types in the future so long term traders can also enjoy this platform. On the plus side, an additional 35 assets have been lately added to the platform including many major stock quotes.
The website was improved in mid-2016 thanks to a new slick design and is now available in 5 languages and navigation is made simpler. The platform is easy to understand and use but Ayrex takes it a step further. To help traders get started, they have created a demo platform that can be accessed immediately on the site without a need for deposit or registration. You will start with 1000$ and can add an additional 1000$ by clicking the “Add $1000” anytime you need. On the downside, the education center needs a whole lot of work. I don’t see any videos or even the e-book that brokers usually offer. At least they offer an up to date markets news and an economic calendar that works just fine.
The next favorable deal is the low minimum deposit. $25 is all it takes and only 5$ is the minimum investment amount! Furthermore, a company representative is involved in discussions regarding the brokerage in CommuniTraders, our forum. This is greatly appreciated and a sign of good intent.
Withdrawals are officially processed within 3 business days but according to Ayrex, most withdrawals are completed during the same day. Several forum members have reported their withdrawals were approved within a couple hours, a record when compared to other brokers. Quick executions and quick withdrawals, what more do you need?
Since their inception, this broker was always a respected and trustworthy brokerage, without major issues and complaints. Even more, at the time of writing, they hold 90/100 user ratings on ThatSucks.com and a very positive rating on ForexPeaceArmy.com. There are a few complaints, but no horror stories about blocked money or deleted accounts and so far, all complaints issued on our forum have been dealt with by the company in a satisfactory manner.
Ayrex Regulatory Warnings And Announcements
06.07.2016: The Australian Securities & Investments Commission (ASIC) has warned of an increase in unlicensed broker activity, targeting over 40 companies. Ayrex is one of the brokerages that acknowledged the warning and has taken steps to properly address the situation. According to ASIC, they have made rectification actions. Source: ASIC 16-218MR.
Bonuses are currently offered at rates of 10%, 20% and 30% as follows: to get a bonus you will have to deposit at least $100; for deposits between $500 and $999, the client can choose 10% or 20% Bonus. All deposits above $1,000 can be credited with 10%, 20% or 30% Bonus. The bonus percentage must be decided by the client.
The bonuses cannot exceed 10,000 USD/EUR and are limited by time, 90 days. The required turnover is 40*bonus, which is OK. The platform also offers the possibility to cancel a bonus instantly, so you can get your original deposit back at any time.
Withdrawals are very fast and with a low minimum requirement: only $5. Processing times are about 3 days but according to users, the actual time is much faster. The methods are credit cards, wire transfers and e-wallets (Neteller, Skrill, etc.). According to their website, Ayrex will pay all the transaction fees when you withdraw and deposit.
There are no extras such as VIP accounts but the platform offers candlestick charts, one-click trading a Demo contest called Binary Blast where you can win real money by placing high on rankings. Another feature is trading signals that provide relevant predictions of the asset movements.
Trading Bitcoin With Ayrex
The Bitcoin cryptocurrency in special and blockchain technology, in general, are taking the trading world by storm and almost all major brokers are starting to implement them for trading, whether it’s Binary Options or CFD. Ayrex has been always a leader of the pack rather than a follower, so it’s only normal for them to provide the latest trading opportunities and assets. In other words: Now you can trade Bitcoin.
Currently, only Bitcoin is available but according to their representatives, more cryptocurrencies (altcoins) will soon follow. The available options are High/Low and the returns go up to 21%. Although that may seem a low payout, keep in mind that Bitcoin is highly volatile and it can move huge distances in minutes or even seconds.
User Friendliness 17/20
The platform is user-friendly and there is a manual to download on the website that explains in full detail exactly how to register, deposit, use the platform and withdraw. The platform is available in 9 languages and the website has a slick design that’s easy to navigate. Free Demo is available – you don’t even have to register.
No. of Assets and Expiry time 15/20
Ayrex offers more than 35 assets, including major company stocks, indices, currencies, commodities, and Bitcoin. The platform is oriented towards short time frame traders; Expiry times for short-term trades can be chosen in increments of 1 minute up to 5 minutes. High and Low options, as well as Touch options, expire every 15 minutes up to an hour.
Commissions, Support and Effective Return 18/20
There are no fees for deposits and the support is available via live chat 24/5. As an added bonus, an Ayrex representative is often available through the forums on CommuniTraders or in our comments section. The returns are fairly high, 85% for EUR/USD and around 80-83% for major currency pairs.
Deposit, Payment and Bonus: 18/20
The minimum deposit and investment amount are very low and competitive: 25$ for deposits and only 5$ per trade. Withdrawals have a low minimum of $5, are free of charge and processed very fast – even during the holidays. You can use Skrill or Neteller for the quickest possible withdrawals. Bonuses can be as high as 30% and require 40 times the bonus amount to be available for withdrawal. They are only valid for 90 days and they can be canceled at any time by the client.
Website Extra’s 17/20
The Demo account offered by Ayrex is one of the easiest to get: just click a button and you can start demo trading. You don’t even have to give them your name! Other interesting extras include trading signals to help predict the asset movements (only available for real account holders) and a Demo contest called Binary Blast that allows you to win real money if you do well on Demo. Terms and Conditions apply so make sure you read them.
Ayrex Overall Ratings = 85/100