Wanna see if Ayrex is a legit broker? Is it safe to trade? The spread is high or low? How to deposit or withdraw?
We provide answers to all the questions in this Ayrex Review.
We checked Ayrex licenses and regulation status to see if Ayrex scam or safe. Compared Ayrex fees like spread & commission from its live account to other 150 brokers. Also the time for deposit & withdrawal and many more findings in this Review.
What is Ayrex
Ayrex is online trading platform operating only for few years since 2018.
Ayrex is a broker offering Binary Options trading and is solely offshore based company registered in Nevis.
|🗺️ Regulated in||Nevis|
|🛡️ Is Ayrex safe to trade||No|
|💵 EUR/USD spread||No comission|
Cards, UnionPay, Skrill, Neteller
|💰 Minimum deposit||US$25|
Cards, UnionPay, Skrill, Neteller
|💻 Trading platform||Proprietary Web, Desktop and Mobile Platform|
|💳 Trading markets||Binary Options|
|📈 Number of product||30|
|📉 Live chat response||Relevant answers|
License and regulation are the keys to traders’ security. There are two factors to verify, what licenses the broker has and what is the protection if something goes wrong.
Is Ayrex legit
Ayrex is based and operated in Nevis, which is an offshore zone with low registration requirement and no regulations.
Ayrex Licenses and Regulatory status
|Entity||Registered in||Regulator||License no.||Status|
|Advanced Binary Technologies Ltd||Nevis||none||no: C44622||Registered no regulations|
Is Ayrex safe
No, we do not consider Ayrex safe because it not regulated and has no overseeing by reputable authorities like top-tier FCA or similar.
Ayrex has only one entity registered in Nevis that does not provide strict overseeing and protection for Ayrex traders. It is high risk to open account with the unregulated broker because there is no legal authority you can complain, broker own claims about trustworthy environment are not guaranteed.
Ayrex does not provide negative balance protection for traders. There is no compensation scheme or funds guarantees in case of insolvency
Markets and Products
At Ayrex you can trade assets like Binary Options only. There is no popular instrument like Forex, or CFDS, Stocks, Metals, Energies, Cryptocurrencies etc offered.
Ayrex main offering is Binary Options trading including stocks, spotfx, indicies Options allowing to bet in the price direction and gain payout.
Ayrex offers a Single Account. You can test the trading environment via Demo Account as first and then transfer it to Live Account.
Islamic Account with Halal Binary Options trading are offered upon request.
Fees and commissions
Fees in Ayrex we couldn’t rank properly, you place strike price for instrument you trade and gain payout or loose it all.
Spread for popular instruments we collect for 6 markets and 150 brokers
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
Ayrex is your direct counterparty in Binary Options trading, that is why it is considered high risk investment.
You place a trade with strike amount that is directly taken from you account and gain payouts up to 80% if you were correct and loose it if ‘guess’ was wrong.
Ayrex has low non-trading fees. Deposits and withdrawals are free of charge, also there is no inactivity fee.
The trading conditions at Ayrex are limited, you only can trade Binary Option strategy where you simly bet the price movement.
|Change Leverage Allowed||Yes|
There is no restriction on use of specific practice, however, you are limited in trading options due to binary options trading nature, since within a specified timeframe you bet the direction of the price only.
For hedging, there is no proper hedging available you set timeframe where you trade and once expired position is closed.
Scalping is not available for the same reasons too, Expert Advisors (EAs) and VPS is not available since Ayrex has its own platform.
For Leverage, Ayrex allowing high leverage ratios up to 1:500.
Ayrex adds no deposit fees, but the payment provider may charge fees which are your responsibility. You can use Credit or Debit cards,and range of e-wallets.
From the negative points the most secure method bank transfer is not available, seems to be due to lack of regulations and registrations.
|Deposit Method||Funding Time||Fee|
The Minimum deposit amount is low, you need only 25$ to start Live account.
Ayrex offers 1 free withdrawal per month, you can withdraw a minimum of 5 USD/EUR and next requests will incur additional charge.
Funds withdrawals are promised to be processed within the same business day and up to 2 business days.
|Withdrawal Method||Withdrawal Time||Fee|
|Credit Card||2 business days||0$|
|Skrill, Neteller, fasapay||2 business days||0$|
Ayrex has Deposit Bonus offering 30% for deposits done by new users. Also, there are regularly held contests and promotions allowing to win prices with no deposits required.
Ayrex has its own proprietary software suitable for all devicesincluding Web, Desktop and Mobile App.
From the downsides popular MetaTrader4 or any alternative is not available.
Research and Tools
Ayrex research tools are poor. You can only use Bolinger Bands ad set Alert for specific price via the platform and that is all what you got.
There is no Economic Calendars, Market Analysis and News Feed, also no resources from industry leading providers or Fundamental data.
Ayrex Research tools available via:
- Ayrex trading platform
Ayrex education section is very basic. There are mainly trading Articles answering common question and how t trade Binary Options.
The negative side is that Videos, Analysis, Fundamental Analysis, Courses or Webinars essential for guality learing are not provided.
Demo Account is provided. The account gives access to 1,000 virtual and you can add more if needed.
At Ayrex you can learn though website and platform directly including:
- Demo account
- Educational articles
Ayrex customer service is low quality too, you can contact support teams 24/5 mainly via the contact form, Live Chat is not available.
Ayrex Customer Support is available via:
- Contact Form and Email
Ayrex Live chat is not available, and email response is average speed.
|Question Asked||We asked about other instrument for trading.|
|Time of Reply||We sent request via Contact Form and got reply within 1 day.|
|Quality of Reply||The answer was very basic.|
Ayrex is not a safe broker to trade. There is no license from serious authorities like FCA, ASIC or similar, the broker is solely offshore one.
Also, there is nothing attractive in its trading proposal, you can only trade very risky Binary Options and use very basic proprietary platform. There is no research tools or proper education, all in all you can loose money very quickly.
We do not recommend Ayrex due to lack of regulation. It is better to select we;;-regulated broker and avoid Binary Options trading
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.