i rex

Ayrex is a crypto-based binary options brand that launched its platform in 2014. Our innovative approach includes a no-strings-attached demo account. They promise that the platform “will not lag, freeze or hiccup”. From a customer service standpoint, they promise quick payouts, honest promotions, and redemption of trader funds. The company is operated by St Kitts-based Advanced Binary Technologies Ltd.

One of the main advantages of Ayrex is the no deposit demo account. The platform can be used with demo funds without the need to register or provide contact information. Ayrex is confident in their platform and anyone can try it for free. Currently, the company is not regulated, but it has been applied to CySec. Despite the lack of regulation, the company boasts a strong reputation for customer service and so far we have not had any complaints.

Ayrex does not currently accept traders from the UK.

Ayrex Important information about Ayrex

• Ayrex demo account –   Yes. Open a demo account without registration.
• Minimum deposit – £50
• Minimum transaction – £5
• Signal service – yes, free.
• Bonus Info – 30% Deposit Match . Terms and conditions apply, but bonuses can be canceled at any time.
• Mobile App – Yes. Specific ‘ Ayrex for Android’ and ‘ Ayrex for iOS ‘ versions.

Trading platform

The Ayrex trading platform provides traders with a clear and simple area with all the data they need. The platform is not too different from other brokers, but the layout is well thought out and traders have few complaints about usability.

On the left side of the platform is the price chart of the selected asset. The time scale can be changed accordingly, and there are also buttons to quickly ‘snap’ the trader to a specific point (e.g. the current quote). It can be zoomed in and out to reflect larger or smaller time spans. Users can also switch between display types (e.g. area or candlestick charts).

On the right side of the trading platform is the All Trading button. First, the option types are listed at the top of the screen. Ayrex offers ‘short term’, ‘high/low’ and ‘one touch’ binary options.

Below the transaction type is a list of assets. Broken down by category (Stocks, Spot FX, Equity Indices and Commodities). Traders can expand or close each category to view a list of assets within the category. The list is comprehensive and almost all public markets were available during the review process, indicating that Ayrex has high trading volumes across its platforms.

When you select an asset, the price graph on the left is updated with the new data. Trade tickets are also updated. It’s on the left side of the list of assets. Here, traders can modify the trade size and expiry time. The payout is clearly displayed right above the trade button, and the current strike price is displayed above the trade size box and price chart. When a trader ‘hover’s over the Call and Put buttons, the price graph will show the direction the price is moving (to prevent errors).

Once confirmed, the call or put trade will appear in the ‘Open Positions’ window below the Trade button. Below the price graph, traders can view the history of their expiring and closed trades. This area features ‘News’ and ‘Signals’ tabs to keep traders up to date with other trading opportunities.

It performs very well on any trading platform. It’s not too busy, but still shows all the correct data. Some extra flexibility in terms of display may be a bonus, but in general the platform is very nice.

Trader’s Choice

Ayrex offers three types of binary options.

• Short Term – Binary options with expiry times of 5 minutes or less (30 seconds or less).
• High/Low – traditional binary options, expiring every 15 minutes up to 1 hour.
• One Touch – Ayrex offers high and low price touch and no-touch choices. At low volume, “No Touch” may become unavailable and ‘One Touch’ is usually only available on major forex pairs.

Ayrex’s list of assets is strong. All major FX pairs are listed along with full stocks and indices. All popular commodities including oil, gold, natural gas and palladium are also listed.

Ayrex’s minimum and maximum trading levels and focus on popular assets give the impression of continuously managing risk and remaining competitive across the board. For a relatively new broker, we suggest adding more assets and option types as we see higher level traders and trading volumes. So those looking for a Boundary or Ladder option won’t have to wait too long before it’s added to the Ayrex platform.

mobile app

Ayrex released updated versions of ‘Ayrex for Android’ and ‘Ayrex for iOS’ in the spring of 2016. The mobile trading app mirrors the website’s platform, offering all available options and markets for online trading.

The feedback on the application has been good and the application is maintained regularly. Android version 4.1 or higher is required. iOS version 9.0 or higher is required, but works on iPhone, iPad and iPod touch.

Payouts

Ayrex payouts are highly competitive, accounting for 85% of the most traded assets. Payouts vary by asset and expiry time, but across the board, Ayrex remains competitive with its competitors. One-touch payments are a special strength, accounting for up to 80% of both Touch and No Touch transactions.

Withdrawal and deposit methods

Withdrawals take approximately 3 days to process. Brokers always give you time to comply with money laundering laws. The important thing to remember is that Ayrex will refund money back to the source where you originally made the deposit. Traders should be aware of this upon initial payment.

If deposits are made by other methods, Ayrex will apportion all withdrawals from the deposit method used. The minimum withdrawal is 5 GBP. Traders can make one free withdrawal within a month. Each subsequent withdrawal pays a fee based on the processing fee associated with that payment.

Deposits can be paid via Neteller, Skrill, Visa, FastPay and Union. During the deposit process, traders can choose a bonus level between 10% and 30%. Deposits are affixed with certain conditions, in particular turnover requirements before withdrawal. Traders should spend some time exercising with their intended trading volume and frequency. Bonuses can be canceled at any time.

Complaints

This brand doesn’t generate too many complaints. There were concerns about the different payout percentages on the demo account and real account, but the broker has corrected the differences and both platforms are identical.

Delays in withdrawals have sometimes led to disputes, but these can be avoided by ensuring traders provide confirmation information as soon as possible and not waiting until the point a withdrawal is required.

Demo

The company offers one of the best demo account features – don’t sign up. Thus, traders can play on the platform without having to register their details. New customers must register to get a demo account where they save their transaction history. However, anyone who wants to take a look at the trading platform can do so without a signup form.

other features

• Contest – Ayrex is holding a trader contest with prizes. There are 3 rounds per week, 8 winners and a prize pool of $3600.
• $30 Bonus – Ayrex offers a no deposit bonus as an alternative to deposit matches, allowing traders $30 to trade.