Editor’s Verdict
Overview
Review
Headquarters | Saint Kitts and Nevis |
|---|---|
Year Established | 2014 |
Execution Type(s) | Binary Options |
Minimum Deposit | $5 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
Ayrex is a binary option broker established in 2014 and operated by Advanced Binary Technologies Ltd. Its main office is located in St. Kitts and Nevis. Ayrex accepts traders from around the globe but does not serve traders in the United States, Iraq, Iran, North Korea, Syria and several other countries.
Accounts
There is one standard account at Ayrex and the minimum investment is 5 USD/EUR. The maximum is 10000 USD/EUR.
Ayrex also offers an Islamic account where those who follow Shariah laws can trade free of interest rates, hidden fees or surcharges or rollovers. Ayrex has even developed a custom “halal” platform specific to this account.
Any Muslim investor, whether experienced or just starting out, can open an Islamic account and benefit from the same features as traders with other accounts.
Perhaps most notably, Ayrex is one of the few binary options brokers that offers a demo account for traders to practice their trading before trading with real money. An additional benefit of Ayrex’s demo account is that it’s available during weekends when traditional markets are closed. Ayrex also offers an ultra-fast demo contest called Binary Blast where eight traders with the largest balance at the end of the one-hour round are awarded cash prizes. The contest runs three times per week with the top winner receiving $100 that can be withdrawn. Participation does not require a deposit.
Features
Ayrex prides itself on having one of the fastest trading platforms around, with 99.95% of trades taking place in less than 28ms. Another nice feature at Ayrex not often found with other binary options brokers is their Return Policy.
Any client has a right to request a full or partial funds return from Ayrex. Such a return is subject to review by the accounting team, a process that can take up to 10 business days from the day of submission. The policy is applicable to funds deposited by the client only.
Ayrex offers its clients many possibilities for binary options trading. In addition to offering a wide range of currency pairs to trade, in the summer of 2016 the broker increased its offerings by adding 35 stocks to its list of tradable assets. Trading is available on the broker’s web-based platform and on its Android and iOS mobile applications.
There are several option types each with its own features and advantages and these can be adapted to the needs and preferences of every trader.
The High-Low option is a classic type of Binary Options and the most popular. With this option, a trader has an opportunity to profit when the market price rises or falls. Traders must make a correct prediction whether a price will go higher or lower than the one at the opening.
AYREX offers an early closure feature for High/Low. Anyone wishing to exit a certain trade prior to its expiration time need only click on the “Close now” button and the current outcome is added to their account balance.
The Short-Term Options at Ayrex are based on High/Low but have lower expiry times. One of the benefits of this option is high profitability when the stakes are high. This usually occurs when the period of strong market fluctuations, short-term trading gains takes on a special meaning.
Ayrex offers 30 second options as well as 1, 2, 3 and 5 minute options. The desired expiration time is selected by clicking on one of the tabs above the Call and Put buttons.
The Touch/No Touch option is a type of an option where the trader predicts whether an asset’s price reaches or does not reach so called “target price” which is set before the investment is made. If the price is touched and the target price is reached the trader has greater profits.
There are four possible options to invest in and instead of the regular Call and Put buttons there are four buttons. Selecting the “Below” and “Touch” tabs at the same time is an indication that the price will Touch the line below the target price. If “Not touch” is chosen, it would mean that that the trader is predicting that the price will not reach the line.
The Early Closure feature is available here as well. If a trader likes the current outcome he can hit the “Close now” button and the funds will be credited to the trading account.
Education
There are some interesting textual explanations on binary options and how they work which is helpful for new traders just getting started in trading binary options. The “What you need to know before getting started’ page offers some useful tips on understanding binary options and how to trade them successfully.
The glossary offers explanations of essential trading concepts and should be read by all traders before placing their first trade.
Many of the important bits of information can be found in the FAQ section which also provides instructions on trading, funding, registration and more.
The news reports at Ayrex are timely and to the point. Their economic calendar shows future events happening throughout the world. Unlike the calendars posted by other brokers that offer a combined chart, the Ayrex list is divided into columns of today, tomorrow, this week and next week which makes it quite easy to follow. Ayrex has also recently added trading signals within its platform. As of the update of this AYREX review, the signals were only in their beta phase, but they certainly look promising and can serve as a great way to have an extra advantage during your trading.
Bonuses/Promotions
At the time of this review Ayrex offered a no-deposit bonus of $30 which can be used to trade and to hopefully turn into a withdrawable $200. They also offered a deposit bonus of 10, 20 .or 30%
Deposits/Withdrawals
Ayrex is extremely proud to be one of the only binary options brokers that offers commission-free automatic withdrawals. Requests are instantly processed and validated with two-step authentification. Automatic withdrawals can be processed on any day of the week in any time zone and will eliminate the stressful waiting period that is so common with many other binary options brokers.
Deposits to accounts can be made using wire transfers, credit cards, Neteller, Skrill, and some other online payment programs. A minimum deposit of only $5 is required to open it. There is no charge or any commission on any amount deposited.
Customer Support
Customer support is provided 24/5 and Ayrex a promise of an immediate response to all calls or written queries was right on the button when I sent a question to the broker’s main office and received an email response within minutes .Chat is also available during working hours.
Traders can follow Ayrex on Twitter and Facebook. Ayrex has just added the possibility for Google Plus users to receive all major updates and most important financial news right in their stream.
Conclusion
Ayrex is an innovative Binary Options broker with clients from all over the world. Its platform was developed based on careful research and Ayrex team’s substantial experience in financial markets. It offers all the features needed by both newbie and experienced traders.
Features
I loved the graphics used on the Ayrex website. They are bright and colorful and they bring out the key concepts and offerings of the broker. The website in general is easy to navigate and clicking on the correct tab opens the next page instantaneously. This simplicity is extended to the trading platform which is quick and flexible. The choice of various binary options is geared towards all types of traders, be they new to the industry or have years of experience under their belt.
Platforms
Proprietary
ARYEX offers its own unique proprietary platform. It has a user-friendly interface with simple Call and Put buttons, ultra-fast trade execution, flexible trading, an additional Turbo option and a wide variety of trading tools.
There are many options to choose from, each with its own unique features and traders can benefit from High/Low, Short Term and Touch/No Touch in various different formats. These options are described in detail on the site and are simple enough for even the most novice trader to understand.
Mobile
AYREX also offers a mobile platform which allows traders to trade from wherever they are.
Trading Platform
Automated Trading | |
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Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
