Ayrex Review | Introduction
One of brokers that consistently provide superb service for traders is Ayrex. We have been interested in this broker for some time now. They have been around since 2104 and seem to have very stable trader base. All of this has intrigued us so we decided to review their services and write Ayrex review. Read to find out their minimum deposit requirement, minimum trade, payment methods, payouts, money withdrawals, bonus policy, competitions for traders and much more. There is also information about trading hours and customer support.
Ayrex Review | Overview
Ayrex has been established back in 2014 and it is still up and running. In this highly competitive industry it is great achievement and proves that this broker offers great service to its traders. Ayrex is owned and operated by Advanced Binary Technologies Ltd. Advanced Binary Technologies is registered under number: C44622. Their address is Office 590, Suites 5 Horsfords Business Centre, Long Point Road, Charlestown, Nevis, St. Kitts and Nevis. Ayrex isn’t regulated broker. This is important to keep in mind. They are relying on their positive reputation among traders to keep good image. And they are doing great job since we haven’t found any serious complaints about this broker.
Maximum Returns: up to 90%
Minimum Deposit: 25$
Transparency with Pricing and Payout: Withdrawal is done instantly if you use one of web based wallets. It takes longer with bank payments and credit/debit card payments. But this is not because of broker, but because of your bank or credit/debit card company.
Banking Options (Cards, eWallets&Wires): Visa, Maestro and MasterCard debit and credit cards, Skrill, Neteller, FasaPay and UnionPay. It is possible to make deposit and withdrawal in Bitcoin.
Range of Assets Available for Trading: 68 assets
Software Platform: Ayrex trading platform (proprietary)
Customer Service: 24 hours a day, 5 days a week (Monday-Friday).
Best Trading Features: Speed. Ayrex platform is fast, their deposits are fast and withdrawals are done in reportedly just one hour if you use one of e-wallets. Automated withdrawal option.
Excluded Countries: USA, Iraq, Iran, North Korea, Syria
Binary Brokers Bonuses: Bonus up to 30% of deposit. Bonus can be obtained only if trader deposits more than $100 or 100 EUR.
Supported Currencies: USD, EUR
Ayrex is rewarded on regular basis as best binary options broker, their trading platform has been rewarded as best trading platform of 2016. They also received rewards for their customer support and they have been awarded as “Most Transparent Broker 2016” and “most Innovative Broker 2015”. These awards prove Ayex as being a broker that enables great trading experience to its customers.
Ayrex Review | Account Types
There are only three account types offered: demo account, real account and Islamic account. Demo account is accessible from the home page and you don’t need to register to use it. Since you don’t need to register it is hard to call it demo account, better would be just demo. Demo is really neat because it enables you to familiarize yourself with the platform. And it enables you to practice trading indefinitely. Demo is filled with $1.000 initially, but if you spend all the money all you need to do is to click on button “Add 1000” and you get new $1.000. When you feel ready you can open real account. It can be done from demo account easily; you just need to click on the green button in top right corner “Open real account”. Demo is limited in assets you can trade; all assets are available only in real account.
Real account enables you to trade for real money. So any gains you make are your real profit. Besides that difference between demo and real account is number of available assets. There are many assets you can’t trade on demo account. Make sure you get the hang of trading using demo before you deposit real money and start trading on real account. As profits are real so are the losses.
Islamic account is generally the same as real account just that it is set up in absolute conformity with Sharia Laws. This means that trading is free of interest rates, hidden fees or surcharges and rollovers. Trading platform for Islamic account is developed as “halal” platform. Ayrex offer full transparency of every deal, fully consistent with Islamic faith.
Ayrex Review | Bonus
Bonus policy at Ayrex is quite user-friendly. Ayrex is not using bonus just to grab user’s money and lock it in their trading account until certain trading volume is achieved. Ayrex allows traders to cancel their bonus. How does it work? Simply, after you make a deposit that is at least $100 big you get opportunity to choose whether you will take the bonus or not. Bonus scale looks like this:
- For deposits ranging from $100 to $499, traders will receive a deposit bonus of 10%.
- For deposit of $500 to $999, the bonus ranges from 10% to 20%.
- Deposit of $1000 and above, the bonus can go up to as high as 30%.
There is that clause in terms and conditions where it says that traders need to make 40 times bonus amount in trading volume before they can withdraw money from their account. But, traders can also cancel bonus at any given time. When trader cancels bonus, bonus is removed from his/her trading account along with all possible profits earned with bonus amount. If you incur losses they are of course not removed. Keep in mind that if you accept bonus you need to make that trading volume before you withdraw. If you are ok with it then accept bonus, otherwise make sure you refuse it.
Ayrex Review | How to Start Trading
Procedure is simple. First you need to register at ayrex.com. Just choose red button “sign up” from the home page and fill in all the required information. You will need to agree to terms and conditions and then click “Open account” button. Afterwards you will receive an email to confer your account. Make sure you use your real data when creating account. That is very important because of the next step and that is verifying your account. In accordance to Anti-Money Laundering regulations Ayrex is looking for documents:
- Identity proof (your ID or driving license)
- Photos of both sides of your credit/debit card (in case you are using credit/debit card to make deposit)
You can’t make any money withdrawals before you confirm your identity. After that you need to make a deposit to your account. Minimum deposit is $25. To make deposit you need to go to section called “Make a deposit” in your trading account. There you need to choose payment method that suits you. After deposit is done you can start trading! Just start the platform, select an option type, choose an asset, decided whether the price will rise or fall and make your trade accordingly. Before you complete trade don’t forget to decide on amount you are ready to risk in this particular trade. Wait for trade result and if your prediction was correct you have your first profit!
Ayrex Review | Deposits and Withdrawals
After opening your trading account last thing left to do before you start trading is to fill your account. You need to make a deposit. Ayrex made sure there is number of deposit methods available for their traders. You can make deposit using Visa and MasterCard. Supported e-wallets are FasaPay, Skrill, UnionPay and Neteller. It is also possible to make deposit using bitcoin. Finally deposit can be made by bank transfer, but that one lasts longer.
When choosing your deposit method keep in mind that Ayrex will allow withdrawals only to the source from which you made deposit. If you deposited from Visa, make sure you withdraw to that same Visa card. It is important to say that deposits are commission free. On the other hand only first manual withdrawal of the month is free. If you are using automated withdrawals they cost you nothing. Automated withdrawals are this broker’s special feature. You can set up automatic withdrawals on regular basis. Withdrawals are instant if you are using e-wallets. Reportedly it takes just on hour to receive money on Neteller account. It takes little bit longer to get your money if you are getting it on your bank account. But that is not because of Ayrex, but because of your bank.
Ayrex Review | Payout
They boast very high payouts. Ayrex payouts can be as high as 90%. But this number should be taken with grain of salt. Yes sometimes on some assets you will be able to achieve 90% payout. But most of the time with most assets you will be reaching payouts between 75%-85%, which is still pretty neat. Payouts this big can really help you be profitable trader. You can’t blame Ayrex for publicly communicating 90% payout, since they usually claim: Payouts up to 90%. This implies not all trades and not all assets have payouts this big. It sounds great, but you better know the truth. Currency pairs like EUR/USD on short term trade should have 80% payout, while the same currency pair on trade/low type of trade will have 75% payout. So types of trade also dictate payout. Available types of trade are short term trading, high/low and one touch.
Ayrex Review | Trading Platform
Trading platform is developed by Ayrex. Since it is proprietary platform it is different from all other platforms out there. Main feature and strong side of this trading platform is its speed. It executes trading with lightning speed! On other platforms there might be some delay when traders are executing their trades, but here it is definitely not the case. Using this platform is super-easy because of its user-friendly design. If you need some help in the beginning you can download a manual which can help you familiarize yourself with various functionalities of the trading platform. It is advisable that you use demo account to practice trading. This way you can test how platform works without risking any money.
Ayrex Review | Mobile Apps
There are Ayrex mobile apps available on both Google Play and iStore. You can download them for free and trade on the go. We checked user reviews on both stores and they appear to mainly be very positive feedback. App was downloaded between 100.000 and 500.000 times on Google Play with average rating of 4.2 (maximum is 5). This means many traders are using this way of trading. If you are spending most of your time out of home and can’t really trade during working hours, trading on app is a good idea.
Ayrex Review | Customer Support
Customer support is very professional according to online user reviews. But unlike any other brokers support is not available 24/7, but rather 24/5. On working days it’s great, but on weekends if you have a question it will need to wait till Monday. On the bright side on working days customer support responds really fast, usually within minutes. They can be contacted trough live chat, by email or by phone call. Ayrex customer support team was awarded as Best Customer Support 2016. This means that even though they don’t work on weekends, they still make it up on working days offering superb assistance to their traders.
Ayrex Review | Conclusion
Although unregulated, Ayrex has proved to be broker you can count on. We found tons of positive feedback about trading experience with Ayrex and almost no negative feedback whatsoever. This broker’s main advantage is super-fast and reliable trading platform that is easy to use. Platform is also available as mobile app that can be downloaded from both Google Play and iStore. They offer bonus up to 30% that can be canceled if trader wants it. Minimum deposit is quite low, just $25 and minimum trade is $5. Withdrawals are done super-fast, practically instantaneously. They are following trends so you can make deposit and request withdrawal in bitcoin. All in all, Ayrex is really a broker that deserves your attention. They have demo account so you can go over to their web page, register and trade on demo account without depositing any money. After experience you get trading demo account it will be easier to make decision whether to trade with this broker or not. If you wish you can open free trading account by clicking on the button below the text.