Ayrex Broker Review
The company name is Advanced Binary Technologies Ltd, and it is based in the Federation of St. Kitts and Nevis. The broker started operating in 2014 and currently is not a regulated broker but is in the process of obtaining a CySEC license.
What is special?
- Its own developed trading platform
- Free demo (no registration)
- Demo contests with real money awards
- Up to 30% bonus
Ayrex trading platform works really fast and is designed especially for short-term trading. Traders can choose from 15s, 30s and 1m candles on the chart. The available expiries are from 30 seconds to 5 minutes in Short Term options. With High/Low trading, you can set your expiry for every 15 minutes for the next hour. Unfortunately, the broker does not offer daily and weekly options.
Traders can also get target prices for One Touch trading with Touch and No Touch options available on the platform. You need to predict if the current market price will touch or will not touch the target price any time before the option’s expiration.
Short term payouts are 70%. With High/Low, your return could reach 85%, depending on your asset. One Touch pays up to 80%.
Ayrex does not yet offer stocks for binary trading, and the assets list itself is quite limited but still you can trade major forex pairs, indices, and commodities.
Currently, the trading platform does not show its full potential, but soon the broker will add indicators, such as moving averages and bollinger bands. Signals software will also be included. All these features will definitely improve the platform’s performance.
The web-based platform is completely mobile, and you can access it on every mobile device.
Ayrex mobile app is available in Google Play and and soon to be added in the App Store. The app performance you can test with demo money and no registration is required. It is well designed and works really fast for all Android devices. Only short-term trades are accepted with investments up to $5,000.
Ayrex shows a really friendly attitude offering demo trading completely free, and it doesn’t even require registration. You just need to load the demo platform, and you will have $1,000 to trade anytime you want. All trading features are available in demo mode, but to trade all of the assets, you will need to open a real account.
We also noticed the payouts are a bit higher in demo mode and could reach 98%. The real payout is a maximum of 85%.
Ayrex runs a demo competition, called “Binary Blast,” with real money prizes. You can easily join it, but to qualify for one of the cash prizes, you should also possess a real account. Currently, first place is paid at $100 and most probably will increase when more people join the competition. All traders start with $1,000 in demo money, and the winner is chosen based on the highest balance at the end of one hour (only short-term options count).
Ayrex bonus terms and conditions are the most honestly written we have ever seen in the entire binary industry. Most of the binary brokers will lock your deposit from withdrawal if you require a bonus but won’t tell you that upfront.
Unfortunately, Ayrex will also block all of the money (deposit + bonus) until the client fulfils all bonus requirements for a withdrawal. However, at least the broker tells you this before you make the deposit and get the bonus. Just carefully read the bonus rules on Ayrex’s website. You will find them at Hot Offers.
- $100 deposit: You receive a 10% bonus = $10
- $500 deposit: You receive a 20% bonus = $100
- $1,000 deposit: You receive a 30% bonus = $300
When you deposit, you will be able to disable the bonus if you don’t want your money to be locked from withdrawal. If you still request the bonus, it will be credited automatically into your account, then you will have 90 days to fulfil the requirements.
Deposits and Withdrawals
Currently, you can deposit at Ayrex with Neteller, Fasapay and Mandiri. The minimum deposit is $5, but the minimum investment is also $5, so it doesn’t really make sense to deposit only $5. VISA and MasterCard should be available for deposits and withdrawals very soon, as well as Skrill and UnionPay.
As part of the AML policy, all clients at Ayrex need to verify their account information by providing a copy of a color ID and proof of residence.
Once you make a deposit, only you are responsible for all trading activities on the platform. Many binary brokers offer account mangers who trade with your money, and at the end, you might end up with an empty account. At Ayrex, this simply can not happen because the broker’s terms forbids someone else from placing orders with your funds.
Withdrawals are available at anytime unless you lock your money with a bonus request. Once you verify your account, the withdrawal takes, on average, one to three hours, depending on payment method. If you use Neteller you can have your money in less than an hour. Make sure you request the withdrawal during the financial department’s working time; otherwise, it might take longer.
Education videos and lessons are missing. Currently, you can find only a helpful platform manual in a PDF file, which combined with the completely free demo makes it easy to understand how to trade on the Ayrex platform.
Customer service is available via live chat and phone Monday through Friday 24 hours a day. Of course, you can always send an e-mail as well. The company offers great support that is helpful and won’t push you to make deposits for big bonuses. This is important when it comes to binary brokers because there are many brokers that will try to rip you off.
Pros and Cons
- Clear terms and conditions
- Unique trading platform
- Free demo (no registration)
- Demo contest with real money prizes
- Limited payment methods
- Daily expiries are missing
Ayrex does not accept clients from the following countries: USA