Ayrex is a fairly new binary options company, first launching its platform in 2014. Its main selling points are customer service and innovative technology. They boast a platform “don’t lag, freeze or hiccup”. In terms of customer service, they aim for quick payouts, clear promotions, and redemption of trader deposits. The brand is operated by St Kitts-based Advanced Binary Technologies Ltd.
One of Ayrex’s main attractions is its registration-free demo account. The entire platform can be used with demo funds (real price, real assets) without the need to register or provide contact details. Ayrex is confident in their platform and has opened it up to traders for free. The company is currently unregulated, but has applied to CySec and intends to do so before the end of 2016. Despite the lack of regulation, the company has a reputation for excellent customer service.
Key information from Ayrex
- Ayrex demo account – yes. Open a demo account without signing up.
- Minimum Deposit – $5
- Minimum transaction – $5
- Signal service – yes.
- Bonus Information – 30% Deposit Match. Terms and conditions apply, but bonuses can be canceled at any time.
- Mobile App – Yes. These are ‘Ayrex for android’ and ‘Ayrex for iOS’ versions.
Ayrex trading platform
The Ayrex trading platform offers traditional trading realms and provides traders with all the data they need. The platform is not too different from other brokers, but the layout is clear and easy to use. Traders have few complaints about usability.
The left side of the trading area displays the price chart of the currently selected asset. The time period is editable, and there is a button to take traders back to a specific point in the timeline (e.g. the latest quote). Users can zoom in or out to reflect larger or smaller time spans. You can also switch between display types (Area or Candlestick).
On the right side of the platform is the trading button. The option type is displayed at the top of the screen. Ayrex offers ‘short term’, ‘high/low’ and ‘one touch’ binary option types.
Below this type is a list of assets. Broken down by category (Stocks, Spot FX, Equity Indices and Commodities). Traders can open each category to see the full list of assets. Ayrex’s list of assets is comprehensive and more importantly, assets are always available. This indicates that Ayrex has good trading volumes across platforms.
Select an asset and the new data will be displayed in the price chart on the left. The trade button is also updated. These are on the left side of the asset list. Traders can modify the trade size and expiry time with fields above the currency and put buttons. Potential payouts are displayed just above the ‘Buy Options’ button labeled ‘Outcome’ and the current strike price is displayed above the trade size box and again on the price chart. When a trader moves the cursor over the ‘Call’ or ‘Put’ button, the price graph will show the direction of price movement in green. This reduces the risk of a transaction going wrong.
When you click the ‘Buy Options’ button, the trade will appear in the ‘Open Positions’ window below the Trade button. Below the price graph, traders can view the history of expiring, settled and closed trades. There are ‘News’ and ‘Signals’ pages here so traders can keep up to date with different trading options.
It performs very well on any trading platform. It’s not confusing, but still shows all the correct data. One improvement could potentially be if the platform were more configurable. 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 options with short expiry times, usually 5 minutes or less (30 seconds or less).
- High/Low – standard binary. Ayrex expires every 15 minutes up to 1 hour.
- One Touch – Ayrex offers touch and no-touch selections at price levels above and below. In some cases, “No Touch” may become unavailable, and ‘One Touch’ is generally only available on major forex pairs.
Ayrex’s list of assets is very good. All major forex pairs and all stocks and indices are displayed. Commodities including oil, gold, natural gas and palladium are also available.
Ayrex’s trade size limits (between $5 and $1000) and the general ‘feel’ of the site indicate that Ayrex manages risk very closely. For a relatively new broker, it looks like they will be adding more assets and option types as we see higher levels of traders and trading volumes. So, if traders want boundary or ladder options, they won’t have to wait too long before they are added to the Ayrex platform.
Ayrex for Android and iOS
Ayrex released updated versions of ‘Ayrex for Android’ and ‘Ayrex for iOS’ in the spring of 2016. The mobile trading app mirrors the website platform and offers all available options and markets for online trading.
Feedback on the application is 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 the iOS range (iPhone, iPad and iPod touch).
Payouts
Ayrex payouts are pretty good, reaching 85% of popular assets. As always, the consideration will vary by asset and expiration time, but Ayrex remains competitive with other companies in most assets. One-touch payment is a strength that accounts for up to 80% of Touch and No Touch transactions.
Ayrex withdrawals
Withdrawals take 3 days to process. Brokers like Ayrex always need time to comply with money laundering laws. It is important to keep in mind that Ayrex will pay you back to the source from which you made your initial deposit. Traders should keep this in mind when making their initial payments.
If you make a deposit with more than one method, Ayrex will accept all withdrawals from the deposit method used. The minimum withdrawal amount is $5 (same as the minimum deposit). Traders can make one free withdrawal per month. Subsequent withdrawals will pay a fee based on the processing fee for that payment.
Deposits can be paid with Neteller, Skrill, Visa, FastPay and Union. Once deposits are made, traders can select the bonus level they will receive. Offers range from 10% to 30%. Deposits are accompanied by terms and conditions including conversion requirements before withdrawals are allowed. Traders need to consider their trading style and trading frequency, and then consider which bonus level is best for them without having to change their trading style. Bonuses can be canceled at any time.
other features
- Contests – Ayrex has free prizes and regular free-to-enter trader contests. There are 3 rounds per week, 8 winners and a prize pool of $3600. Demo account users can enter the ‘Binary Blast’ contest for free.
- $30 Bonus – Ayrex is offering a no deposit bonus as an alternative to deposit matches, allowing traders $30 to trade.
Ayrex No Deposit Bonus
- $30 no deposit bonus
- Trading with 30 bonuses
- Withdraw up to $200
- Traders can still participate in the Ayrex contest
- Merchant must register a deposit method (pay $10) to withdraw bonus funds
Despite capping your withdrawable profit at $200, Ayrex is effectively giving new traders $30 worth of trades. This offer will remain valid for those who have already opened an account, unless you have made a deposit or received another bonus. To take advantage of the offer, traders must visit the specific No Deposit Bonus landing page.
During the promotion period, the trading area will differ slightly from the standard screen. The maximum transaction amount is $30 and the deposit/withdraw buttons will be removed until the turnover threshold is reached.
