Ayrex is a fairly new binary options company that first launched the platform in 2014. The main selling point is customer service and innovative technology. They boast a platform: “Don’t laugh, freeze or hiccup”. In terms of customer service, they aim for fast payouts, clear promotions and redemption of merchant deposits. The brand is operated by Advanced Binary Technologies Ltd, headquartered in St Kitts.
One of Ayrex’s main attractions is a registered free demo account. The entire platform can be used with demo funds (real prices, real assets) without the need to register or provide contact details. Ayrex is confident about the platform and has opened it up to traders for free. The company is not currently regulated, but has applied to CySec and wants to apply before the end of 2016. Despite the lack of regulation, the company has earned a reputation for excellent customer service.
Important facts about Ayrex
- Ayrex demo account -Yes. Without registering open a demo account.
- Minimum deposit – $5
- Minimum transaction – $ 5
- Signal Service – Yes.
- Bonus Information – 30% Deposit Match. Terms and conditions apply, but you can cancel your bonus at any time.
- Mobile app- yes. ‘Ayrex for Android’ and ‘Ayrex for iOS’ versions.
Ayrex trading platform
The Ayrex trading platform offers a traditional trading area and provides all the data the trader needs. The platform is not very different from other brokers, but the layout is clear and easy to use. Merchants rarely complain about usability.
The left side of the trading area shows a chart with prices for the currently selected asset. You can change the time duration, and there are buttons to bring the trader back to a specific point in the timeline (eg Latest quote). The user can zoom in and out to reflect a larger or smaller time range. You can also switch between screen types (Area or Candlestick).
On the right side of the platform is a trade button. The type of option is displayed at the top of the screen. Ayrex offers ‘short’, ‘high/low’ and ‘one-touch’ binary option types.
Under this type is a list of assets. Classified by Category (Stocks, FX, Stock Indices and Commodities). Traders can open each category to see the full list of assets. Ayrex’s asset list is comprehensive, and more importantly, the asset is always available. This indicates that Ayrex has a good trading volume across the platform.
Once you select an asset, the price chart on the left shows the new data. The transaction button is also updated. It is on the left side of the asset list. Traders can edit the transaction size and expiration time using the fields above the currency and footer buttons. Potential payouts will appear directly above the ‘buy options’ button labeled ‘results’, and the current strike price will appear above the deal size box and again in the price chart. If the trader moves the mouse over the ‘call’ or ‘put’ button, the price chart shows the direction of price movement in green. This reduces the risk of the transaction going wrong.
If you click on the ‘Purchase Options’ button, the transaction will appear in the ‘Open Position’ window below the trade button. Below the price chart, traders can view the history of expired, settled and closed trades. Here are the ‘News’ and ‘Signal’ pages, which allow traders to stay informed about other trading options.
It performs very well on all trading platforms. It’s not confusing, but it still shows the correct data. If you can make your platform more configurable, you may be able to make an improvement. You can trade more than one asset at a time on the same screen.
Ayrex asset list and trade types
Ayrex offers three types of binary options.
- Short Term – Binary option, typically with a short expiration time of 5 minutes or less (30 seconds or less).
- High / Low- standard binary. Ayrex expires up to 15 hours every 15 minutes.
- One Touch – Ayrex offers touch and no touch choices at price levels above and below. In some cases it is possible that you can use “No Touch”, and “One Touch” is mostly only available in major forex pairs.
Ayrex’s list of assets is very good. All major forex pairs and all stocks and indices are displayed. Products include oil, gold, natural gas and palladium.
Ayrex’s trade size ($5 to $1000) and the general ‘feel’ of the site indicate that Ayrex manages the risk very closely. Relatively new brokers are likely to add more asset and option types as they look at higher levels of traders and volume. So if traders want a vigilance or learning option, they don’t have to wait too long before being added to the Ayrex platform.
Ayrex for Android and iOS
Ayrex released updated versions of ‘Ayrex for Android’ and ‘Ayrex for iOS’ in spring 2016. The mobile trading app mirrors the website platform and offers all the options and markets available for online trading.
Feedback on the application is good and the application is regularly maintained. Android version requires 4.1 or higher. iOS version requires 9.0 or higher, but works on iOS series (iPhone, iPad and iPod touch).
payout
Ayrex payouts reach 85% of popular assets, which is pretty good. As always, the price depends on assets and maturity, but Ayrex remains competitive with other companies on most assets. One touch payments are a strength of up to 80% in Touch and No Touch transactions.
Ilex withdrawals
Withdrawals take three days to process. Brokers like Ayrex always need time to comply with money laundering legislation. It should be kept in mind that Ayrex must repay the source from which the initial deposit was made. Merchants should be aware of this when making their initial payments.
When depositing in more than one way, Ayrex will approve all withdrawals from the used deposit method. The minimum withdrawal amount is $5 (equal to the minimum deposit). Traders can make free withdrawals once a month. Subsequent withdrawals incur a fee based on the processing fee for the payment.
The deposit can be paid by Neteller, Skrill, Visa, FastPay and Union. Once the deposit is deposited, the trader can choose the bonus level to receive. The suggested range is between 10% and 30%. Deposits will be accompanied by terms and conditions, including conversion requirements before withdrawals are allowed. The trader should consider the trading style and the frequency of the trade, and then consider the bonus level that works best for them without changing the trading style. The bonus can be canceled at any time.
Other features
- Competitions – Ayrex offers a dealer competition where the prize money is free and you can participate for free. There are three rounds per week, eight winners and a prize of $3,600. Demo account users can participate in the ‘Binary Blast’ contest for free.
- $30 Bonus – Ayrex can redeem $30 to traders by offering a no deposit bonus as an alternative to deposit matches.
Ayrex no deposit bonus
- 30 dollar no deposit bonus
- Trade through 30 bonuses
- Withdraw up to $200
- Dealers can still participate in the Ayrex competition
- Traders must register a deposit method (pay $10) to withdraw bonus funds
Despite the upper limit of withdrawable profits of $200, Ayrex effectively offers a new trader a transaction of $30. Unless you make a deposit or receive another bonus, this offer is still valid for everyone who has already opened an account. To take advantage of the offer, traders must visit a specific no deposit bonus landing page.
The trading area differs slightly from the standard screen during the promotional period. The maximum transaction amount is $30 and the deposit/withdrawal button will be removed until the turnover threshold is reached.