When it comes to binary trading, many prefer the one-click method to quickly execute their current market plan. Ayrex’s trading platform allows you to do exactly that, with the ability to set expiry times for 5 minutes to 60 seconds. This online tool also allows traders to make trades by the clock with countdown tools that are available for each binary option.
Ayrex prides themselves on being the first binary broker with free contests that reward real cash prizes and automatic withdrawals. With so many features, many people wonder if it’s too good to be true.
Here, let's breakdown what the company is exactly and whether they deliver everything they promise in this complete Ayrex trading platform review.
Deposits and Withdrawals
Ayrex was established back in 2014 and became a quick favorite among many binary traders. Since then, the platform has been constantly improving as a binary broker with considerations for requests and needs of traders.
Advanced Binary Technologies Ltd. is the company that manages all trading activities at Ayrex. The company runs unregulated as it’s based in the Federation of Nevis and St. Kitts. The company offers unique mobile solutions for price action traders for high returns on investments.
Some of the specials that Ayrex offers include up to 90 percent payouts on returns, $25 minimum deposit, a deposit bonus of up to 30 percent, and a no deposit contest with a reward of $3600.
Saint Kitts and Nevis
None (pending with CySec)
Deposits and Withdrawals:
Neteller, Skrill, Credit Card, Fasapay, UnionPay
Number of Assets:
Stocks, Commodities, Indices, Forex
Ayrex Trading Platform
Ayrex developed its trading platform with short-term trades in mind in the design process. These short-term trades can be done in a mere 60 seconds. If that’s too short, you can have your trades completed in 5 minutes. The execution is super fast. Their one-click options allow you to purchase Call and Put options up to $3,000.
The investment options they offer range from different starting investments, with the minimum option being $5 and the maximum being $3,000. This means that if you open a position at $3,000 then you have to hold off on purchasing more binary options until the original expiry time.
The trading platform isn’t just a host for one-touch trading options. Users can use the one-touch option or opt for traditional High/Low stakes. When you choose to do High/Low, you set your price direction and choose your expiry. With One Touch, you’re given a target price.
Here’s a breakdown of the features of the trading platform:
Expiration times on the platform come in both short-term and long-term options. For short-term, the expiries start at 30 seconds and go up to 5 minutes.
You can choose your expiry by the clock. When you do this, the tool will then automatically show you the time until the option is available. They also have binary options with exact 1-minute or 3-minute expiry available for purchase from the current market price.
For long-term options, you have the ability to place trades every 15 minutes up to an hour. Weekly and daily expiries are not available on the platform.
The trading platform has payout ratios that can be compared to the industry standard. Their average returns are typically between 80 to 83 percent. The best payout they have to offer is 90 percent on the major forex pairs at 15-minute expiry.
For forex pairs being traded on the short-term, the payout averages at 80 percent. Stock binary options payout at about the same percentage as short-term forex pairs. The lowest payouts on the trading platform are the crypto pairs.
When it comes to the assets that Ayrex has to offer, the list is actually quite long. You can choose between, stocks, commodities, crypto pairs, and forex pairs. Overall, there are more than 60 tradable assets on the Ayrex trading platform, and the list promises to keep growing.
The interface has made it easy for you to trade through the use of an area chart or candlesticks in time frames of 5 seconds to 5 minutes. You can view the price action on a big blue screen, which can help you with moving averages, support and resistance lines, and Bollinger bands.
Ayrex also has a mobile app available to traders that is available for all Android devices through Google Play. The uptime for the application is fairly fast. It’s also equipped with a number of technical indicators and drawing tools. Those who are more prone to price action trading will love this application’s technical capabilities.
When needed, you can draw the appropriate resistance and support levels on the charts and trade the breakouts.
Ayrex Demo Account
A big plus to the Ayrex platform is the demo account that you can try out. If you’re interested in a trading demo, you don’t even have to have a registered account at Ayrex. Simply click the “Try Demo” option and the platform will load its demo mode.
The demo account has $1,000 available and allows you to reload it at any time for an unlimited number of times. However, you will not have the full access to all of the platform’s assets like you do with a real account.
Deposits and Withdrawals
To make purchases, you can connect your account to a MasterCard, VISA, e-wallet, or Bitcoin wallet. No matter which payment medium you choose, Ayrex completes your deposit transactions instantly so that you can enjoy trading right away.
If you use an e-wallet, such as Neteller or Skrill, then you’re eligible for automatic withdrawals on the platform. This means that you don’t have to wait for manual approval from Ayrex support before you get your money. If you don’t use one of these payment methods, you should expect your withdrawal request to be processed within 24 hours.
Ayrex does offer their clients a chance at a 30 percent bonus on their first deposit. To be eligible, you have to fulfill the bonus terms set up by the company before you can request a withdrawal on your bonus cash.
Another aspect of the company that many of its users praise is its customer support. If you have any questions or concerns, their customer support is available 24/5 on live chat. Simply shoot them your questions and they’ll respond within seconds.
Ayrex makes a point to be transparent with its traders. They advertise their policies clearly on their website. All of the terms and conditions they have are well-structured and presented in a clear manner to the user. Plus, they inform you of all of the risks associated with opening a real account up front.
Pros and Cons
An Ayrex review wouldn't be complete without listing both the pros and the cons of this binary options broker. Below you will see the main advantages and disadvantages of using Ayrex.
Traders also can find a variety of bonus content on Ayrex’s trading platform. The two biggest extras that the tool offers are the no deposit contest and their live account option.
You can enjoy their no deposit contest every Monday, Wednesday, and Friday. If you’re interested in registering for the contest, you don’t have to put down any money. It’s completely free. The contest is structured with very simple rules: you can only place short-term trades for an hour and all traders start with the demo amount of $1,000.
To earn one of the cash prizes from these contests, you have to finish as one of the top 8 on the leaderboard. The winner of it all wins $100 cash, which can be withdrawn without any strings attached.
The other bonus worth any note is their live accounts. To open an Ayrex live account, all you need is a deposit of $25. Once you’ve passed the verification process, you’re in. The process of verification is very self-explanatory. It shouldn’t take you more than a few minutes to verify this account and put in a deposit.
Ayrex Review Conclusion - Final Thoughts
In our opinion, Ayrex trading platform is one of the best options for binary traders out there. A huge appeal is their no deposit demo account; it gives potential users a taste of what they can have with no need to register or supply any personal information.
The company is very confident in their platform’s efficiency and simplicity. Its traders praise them greatly for their customer service and satisfaction.
The major drawback of the platform is the fact that it’s unregulated; although, they have applied to CySec.
Overall, Ayrex is the perfect match for online traders looking for a simple platform with extra bonuses and high payouts.