Ayrex opened their platform in 2014 and is therefore seen as a reasonably new binary options brand. Innovative technology and customer service are their focus areas, and promises a platform that does not “lag, freeze or hiccup”. To provide good customer service, they promise honest promotions, quick payouts and no locking in of trader funds. The company is managed by Advanced Binary Technologies Ltd, based in St Kitts in the West Indies.
A key benefit of Ayrex is their demo account. Their platform can be used without the need to supply any contact details and without registering, while using demo funds. They are so confident in their platform, they will allow anyone to use it for free. Currently the firm is not yet regulated, but have applied to CySec. Even though they are not regulated, they do have a strong reputation for customer service and so far no complaints have been lodged against them.
Key Info For Ayrex
Ayrex Demo Account – Yes, you can open a demo account without having to register.
Minimum Deposit – £50
Minimum trade – £5
Signals service – Yes, free.
Bonus details – 30% Deposit match. Terms do apply, but at any time the bonus can be cancelled.
Mobile App – Yes. Specific ‘Ayrex for Android’ and ‘Ayrex for iOS’ versions.
Ayrex Trading Platform Review
The trading platform provided by Ayrex provides a simple and clear area, where all the required data is made available for traders. Although the platform does not differ much from other brokers, the layout has been thought out well and traders cannot complain about its usability.
On the left side of the platform, the price chart of the selected asset is shown. In addition the time scale can be changed accordingly, and there are buttons which will ‘snap’ a trader quickly back to particular points, such as the current quote. A zoom functionality allows larger and smaller timeframes to be shown, and users can also toggle between the different display types such as candlestick charts or area.
On the right are all the trading buttons – first a choice of options listed at the top. Ayrex does provide the following binary options: ‘Short term’, ‘High/Low’ and ‘One touch’.
The asset lists are displayed beneath the trade types, grouped by category – stocks, spot FX, commodities and Equity indices. Each category can be expanded or closed, to see the list of assets within it. Ayrex does have good trading volume across their platform, as they had comprehensive lists of almost all open markets during our review.
The price graph on the left and the trading ticket will update with new data once an asset is chosen. The trading ticket is to the left of the asset list, and is where a trader can amend the trade size and its expiry time. Just above the trading buttons, the payout will be clearly displayed, while above the trade size box and on the price chart, the current strike price is shown. To guard against any errors, a trader can ‘hover’ over the Put and Call buttons, and the price graph will display the direction the price needs to move.
After confirmation, the Call or Put trade will show in the ‘Open Positions’ window, which is shown below the trading buttons. Underneath the price graph, a history of trades which have reached expiry and have closed can be seen. In addition there are ‘News’ and ‘Signals’ tabs which keeps traders informed of other trading opportunities.
In conclusion the trading platform does perform very well. It shows just the right data, without being too busy. It would be a bonus if some additional flexibility of the display was available, but in general the platform is very good.
Ayrex Asset List and Trade Types
Ayrex Offers Three Types of Binary Option:
- Short term – An expiry time of 5 minutes or less (down to a minimum of 30 seconds).
- High/Low – Known as the traditional binary option, which expires every 15 minutes up to an hour.
- One Touch – Touch and No Touch options are offered on both a lower and higher price level. At times of low volume trades the ‘No Touch’ option may be unavailable, while ‘One Touch’ is generally only available for the major forex pairs.
Ayrex has strong asset lists, including all the major FX pairs, and a full range of stocks and indices. The popular commodities are also listed, which includes Oil, Gold, Natural Gas and Palladium.
Their focus on popular assets and minimum and maximum trade levels ensures that they are competitive across the board, as it appears they constantly manage risk. Even though they are relatively new, this suggest that they will continue to add further option types and assets once they see higher trading volume and higher levels of traders. Those searching for ladder or boundary options should therefore not have to wait too long before they are added to the Ayrex platform.
Ayrex for Android and iOS
During the autumn of 2016 updated versions of both ‘Ayrex for Android’ and ‘Ayrex for iOS’ were released. The mobile trading app emulates the website platform, and has a full range of markets and options available for online trade.
The app is regularly maintained and feedback has been good. Android version 4.1 and up is required for the app, while version 9.0 and up is required for the iOS app, but it also works with the iPad, iPhone and iPod touch.
Payouts
Ayrex payouts are very competitive, up to 85% for the most traded assets. Payouts vary based on asset and expiry time, however Ayrex remains competitive across the board. A particular strength is one touch payouts, reaching to 80% for both No Touch and Touch trades.
Ayrex Withdrawals
It takes roughly three days to process withdrawals, as time is required to comply with money laundering laws. Money will only be refunded back to the source of the original deposit. When making the initial payment, traders should be aware of this.
If deposits were made via different channels, Ayrex will then apportion the withdrawals across those deposit channels. The minimum withdrawal is 5 GBP and traders can also make one free withdrawal within each calendar month. A commission based on the processing fees associated with the payment, will be charged on each subsequent withdrawal.
Deposits can be made via Visa, FastPay and Union. Traders are given the option to select their bonus level – from 10% to 30% – when making their deposit. Certain terms will be attached to the deposit before allowing traders to make a withdrawal, such as a specific turnover requirement. Traders are advised to work out from their intended trade volume and frequency, to first determine which bonus level could work best for them, without having to change their trading style. At any time the bonus can be cancelled.
Other features
- Contests – Regular trader contests are run for prize money. $3600 in prize money is offered, with 3 rounds a week and 8 winners.
- $30 bonus – Ayrex offers traders $30 to trade with as a no deposit bonus, as an alternative to the deposit match.
Ayrex No Deposit Bonus
$30 No deposit bonus
Trade through the bonus 30 times
Withdraw up to $200
Traders are still free to enter Ayrex contests
Traders must register a deposit method (paying $10) to withdraw the bonus funds
Although there is a cap of $200 when withdrawing the profit, new traders effectively received $30 from Ayrex when they started. This offer is still open even if an account has already been opened – as long as no deposit has been made, and any other bonus offer has not been taken up. Traders should visit the specific ‘No Deposit Bonus’ landing page to take advantage of the offer.
A few small differences will be applicable compared to a ‘normal’ account during the promotion. For example the Deposit/Withdraw buttons will not be available and the maximum trade is limited to $30.