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|Headquarters||Charlestown, St. Kitts and Nevis|
|Languages||English, German, Italian, Chinese, Bahasa Indonesia, Bahasa Malaysia|
|Minimum 1st Deposit||$5|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$5000|
|Bonus||Deposit > $100 and receive up-to 30% cash-back bonus|
|Free Demo Account|
|Deposit Methods||Visa, Mastercard, Neteller, Skrill, FasaPay, Bank Transfer|
|Withdrawal Methods||Neteller, Skrill, FasaPay, Bank Transfer|
|Number of Assets||70+|
|Expiry Times||30 sec, 1 min, 2 min, 3 min, 5 min, 15 min, 30 min, 1 hour|
|Types of Assets||Currencies, Commodities, Stock Indices|
|Option Types||Short Term, High/Low|
|Trading Currency||USD, EUR|
|Account Currency||USD, EUR|
|US Traders Allowed|
- Well designed, easy to use trading platform
- Local payment methods
- Excellent customer support
- Not regulated
- High trading platform latency for Asian region
- Complicated trading bonuses
Ayrex was founded in 2014 and is located in Charlestown, St. Kitts and Nevis, and in a short space of time has become one of the major players in the binary options industry. They serve customers throughout the world and their platforms and website are available in a number of different languages.
Website and Trading Platform – 16/20
We were very impressed with the the Ayrex trading platform. Redesigned in 2016, the platform is visually appealing, well designed and easy to use. We like being able to make deposits directly from the web platform and smartphone app.
Ayrex mobile app
However, one aspect we were very disappointed with is the hosting location of the trading platform. We traced the hosting location to the United Kingdom and while this doesn’t matter if you are a trader located in Europe, it matters a lot for traders in Asia.
For example, the time it takes to send and receive data between Singapore and the UK is over double (~ 380ms) compared to Japan (~150ms). In a fast moving or volatile market this means the price you are seeing on the screen maybe doesn’t exist anymore and your trade could be rejected.
Again, this issue is only specific to traders located in Asia and will not matter for most of Ayrex’s customers throughout the world.
We really liked the ability to quickly change the trade amount and option expiry time from the same panel and that there are both line and bar charts available, but only up to a maximum 1 minute time frame.
Ayrex trading platform
Assets, Payouts and Expiry Times – 17/20
Ayrex specialises in short term options between 30 seconds and 5 minutes, which makes it ideal for traders who use a short term strategy. They also offer the typical High/Low option with expiries from 15 minutes up-to 1 hour.
Currently there are 70+ tradable assets on offer including currency pairs, commodities and stock indices. There’s plenty of variety and payouts range from 170-190% but are not fixed and will vary depending on the market volatility.
Ayrex also offers the ability to close the trade early and to receive a percentage of the payout.
Deposit, Payment Methods and Bonus – 17/20
Ayrex offers the fairly standard broker deposit methods of Credit Cards, Neteller and Skrill. They also cater to Indonesian traders by offering local bank transfers in IDR from Mandiri and BCA accounts.
Ayrex offers bonuses of 10%, 20% and 30% for any deposit above $100, $500 or $1000 respectively. However, you realise it’s not very generous when you must trade 40x the bonus amount to redeem it.
We don’t particularly like bonus offers which have unreasonably high trading volume requirements and constantly compare this to HighLow Markets where you only need to trade 1x your cash-back bonus. The Ayrex bonus can be cancelled at any time.
Licensing and Regulation – 10/20
As highlighted in several of our other reviews, we believe it is very important to deal with a broker who is regulated by a trusted government body such as ASIC or FCA. This is particularly important for professional traders or those with larger accounts.
Ayrex is currently not regulated.
However, all the company representatives we have spoke with acknowledge that this is a major concern of traders and confirmed that they are currently going through the process of becoming regulated by Cyprus government regulator CySec. We will keep our readers posted on the status of their CySec application.
Customer Service – 19/20
Ayrex offers customer support through email, phone and live chat 24 hours a day, Monday to Friday.
We have spoke with a team member through the live chat on a number of occasions to clarity deposit procedures and the response was quick, knowledgeable and professional. That they offer the live chat service really sets them apart from many other brokers.
Overall Ayrex has a very solid offering and that’s why they have been chosen by over 90,000 traders throughout the world. We rate their platforms very highly but also note that there are potential issues for traders based in Asia due to the hosting being based in Europe.
While the current licensing situation is cause for concern we are satisfied with the transparency of Ayrex and that they are currently applying to regulator CySec.