Ayrex Broker Review

This binary option broker that is operated by Advanced Binary Technologies first went live in 2014. This company is registered under no C44622. To add to this, Ayrex is fully licensed although not yet fully regulated. They have a number of options and the ability to process withdrawals instantly and at any day adds to their credibility.

It has over 90,000 traders with the main attraction being the demo account that is registration free. This demo account helps traders practice before investing using real money. Even though its main offices are in St Kitts and Nevis, it trades around the globe. That is excluding traders from some countries such as USA, Iran, Iraq, North Korea, and Syria among others.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Trading platforms

This broker’s platform is designed to suit short-term trading. You can even start from 30 seconds and traders can follow on 5-minute timeframes or even the 5-second candlesticks. They offer Short term, High/Low and One Touch binary options. The short-term expires 30 seconds to 5 minutes while the high/low can place longer trades of up to 1 hour. The high/low is the most popular where a trader gets to benefit when the market rises or falls. This option also has an early closure option where you can exit a certain trade before its expiration time. The short-term option is highly profitable when the stakes are high during the strong market fluctuation. The One Touch is advanced, offering a target price for each trading option. Traders choose whether the target price is higher or lower than the current market price. You also decide whether the market will touch your target. Early closure feature is also available in this option.

Ayrex is known to have the fastest platform around with 99.95%of trades happening in less than 28 minutes. This is very fast as compared to other binary options. Trading is available on their web-based platform as well as on its Android and IOS mobile applications. The mobile app released in 2016 mirrors the platform of the website. The ayrex chart is designed very well. You can follow markets on a big blue screen and with one click switch between the candlesticks and area chart. The candlestick timeframes available are 5sec, 10sec, 15sec, 30sec, 1min, 2min and 5mins. You can make use of Bollinger Bands and Moving Average as technical indicators on their platform. The system also intuitively selects your favorite assets using smart technology based on your last five trades. You can also easily follow expired contracts, upcoming news, and signals using dedicated tabs on this platform.

Accounts

Apart from the standard account option, this broker also offers an Islam account to consider the Muslim traders who follow Shariah laws. The minimum investment for the standard account is 5$/Eur and the maximum you can invest is 10,000$/Eur. Any Muslim investor can open the Islam account that has Ayrex’s custom “halal” platform specifically made for this account. Ayrex payouts reach 85% for the popular assets but as always payouts differ depending on the assets and expiry time. One touch payouts get up to 80% for both Touch and No touch trades which is quite strong.

Withdrawals and Deposits

In order to comply with money laundering laws, withdrawals take up to 3 days to process. Payment is made back to the source that made the original deposit. So you need to be careful when making the initial payment. The minimum you can withdraw is $5 which is also the minimum deposit. Each calendar month they offer one free withdrawal but subsequent withdrawals you pay commission depending on processing fees for your payment. Automatic withdrawal can be done on any day of the week. Options for depositing are using Visa, Skrill, Fastpay, Neteller, and Union. Traders then select their level of bonus to take ranging from 10% up to 30%. Deposits also have terms and condition including turn-over requirements before withdrawal. Ayrex has a return policy where the client has a right to ask for a refund of full or part funds. The request is reviewed by an accounting team and may take up to 10 business day to have the money back.

Education and Customer Support

On their website, they have well-explained facts about binary options and what you need to know before venturing on it. They offer an FAQ section and a glossary with explanations of important trading concepts. This is very good for new traders. Ayrex offers very good customer support round the clock on the five working days. Their response is immediate for both calls and written queries. They also have chat available during working hours and Google plus users can receive all major updates and important news.

Pros

  • Their main advantage is their immediate withdrawal any day of the week. The fact that you can withdraw automatically in second even on weekends lets it outdo the rest
  • This broker offers application options for both Android and IOS users. This is very good for the traders on the go and can’t access the website well. It is also relatively fast.
  • This is the fastest platform to offer trades with 99.95%of trades happening in less than 28 minutes. You are able to jump into any trade with just one click.
  • This platform offers its clients with many possibilities of trading and a wide range of currency pairs to trade. It has also recently added 35 stocks to their tradable assets.
  • It has the ISLAM account option for the traders who follow the Shariah laws. It has its own custom ‘halal’ platform to suit their preferences. This is very good for the Muslim potential traders.

Cons

  • This broker’s site lacks a comprehensive education center. The information is not deep enough for someone who has not traded before.

Conclusion

There are many sites that may think that this could be a scam but from the research. Ayrex is a very well-organized and trustworthy broker. Its flexible withdrawal options and fast platform makes it a very good one.

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