Trade Binary Options with Ayrex
Ayrex started its journey as an online Binary Options broker in 2014 and is operated by Advanced Binary Technologies Ltd. The brokerage website has been acclaimed worldwide within this short tenure. Ayrex is at the moment going through the registration process of Cyprus Securities and Exchange Commission or CySEC.
Even if the brokerage website is unregulated for the moment, there is no need to worry about it being a scam. Transparency is their policy. Their customer database has increased significantly over the last year with a large number of investors/ traders hailing from South Africa and the United Kingdom.
Ayrex was specifically developed for the Binary Options traders.
Ayrex Trading Accounts
There are two types of Binary Options trading accounts.
- Regular account: This account is like any other Binary Options account for trading.
- Islamic account: This type of trading account is in compliance with the Shariah Laws. A Muslim investor/ trader can take advantage of the custom developed ‘halal’ platform provided by Ayrex. They are the first to offer such an account for Binary Options trading.
Both the accounts are transparent which means that it does not have any hidden fees, surcharges and rollovers. Their clients can first try out their hand at the Demo account. This is a must for the aspiring traders of Binary Options as it will help them know more about the market and the trading charts. It is also a great area for backtesting a trading strategy.
A person can Sign Up using their Facebook or Google+ account apart from their email ids. The person should be above 18 years and accept their Terms and Conditions. There is also the option to choose an Islamic account. Mini account and Premium account are the two types of accounts offered based on the deposit amount.
Ayrex Demo Account
One way of selecting an online broker for is by checking whether the brokerage company offers a demo account and by trying it out. Ayrex like many top online brokers allows the traders to use their demo account feature. This way the neophyte Binary Options trader will become confident about using the real platform and will also have an idea about the trading platform used by the broker. The potential client will have all the facilities (short term, high low, one touch) granted by this broker to their clients when they are using the demo account. Once they are confident about trading and the broker, they can switch to a full-time permanent account.
Salient Features of Ayrex
The online broker has undeniably become popular since its establishment in 2014. The features of the broker are suitable for beginners, scalping, day trading, weekly and swing trading. Listed below are some unique features of the brokerage website.
- Trading Platform: The trading platform of Ayrex is focused on the graph and analysis of the market condition through it. The traders will find the interface user-friendly, with everything just a click away. The clients can even change the setting to suit their needs. To start Binary Options trading, the traders only have to click on ‘Call’ or ‘Put’ option.
- Trading Instruments: Currently, the brokerage offers more than 70 instruments. FX, commodities, indices, stocks (also stocks of top companies) and Bitcoin are just some of the instruments.
- Speed: Ayrex trading platform is on the road to be one of the fastest Binary Options trading platform. A trader can open a trade in as little as 0.028 sec. The withdrawal process takes less than a minute.
- Expiry Time: Expiry times offered for the short time frame traders are usually 30s, 60s, and up to 5 minutes. The Touch options and High and Low options have an expiration time of 15 minutes to 1 hour.
- Early Closure: Unlike many online brokers, this brokerage offers the option of early closure of trade. The trader just needs to click on the “Close now” button to exit a trade. This feature has often saved the trader from losing their capital amount and the profits earned up to the exit point.
Ayrex maintains the standard payout ratio in the Binary Options trading industry. The payout percentage can be as high as 89% depending on the market sentiment. Generally, the average returns range from 80% to 83%. The brokerage company does not offer any rebate if the trade ends in out-of-the-money.
Hot Offers by Ayrex
Ayrex offers some lucrative bonuses to their clients when they make a deposit in the brokerage account. $10, $20 or $30 is offered as a bonus as the trader can choose either of these depending on the amount they had deposited. Some facts regarding the bonus are:
- On selecting the option, the bonus gets deposited in the Ayrex Account automatically.
- On the deposition of the bonus fund, the trader’s account will be distinguished into two parts—client’s funds and bonus amount such that there is no confusion in future. The profit made is proportionately distributed in the two sections.
- The clients can cancel the bonus at any point of the trade but at the risk of loss of the profits made with the help of bonus while trading Binary Options. But the profits made with the amount deposited by the trader will be there for their withdrawal.
- The trader can withdraw the bonus amount, actual deposit and the profit earned together when the total volume of transactions surpasses the bonus fund by 40 times.
- The bonus expires in 90 days.
There are no ‘restrictions’ for the clients to take part in the Binary Blast contest. Upon registration for this contest, a separate demo account is automatically opened for the participants. The winner is decided by the balance amount in the participants’ accounts. The top 8 traders get an equal share of 300 USD which is the total prize fund.
- The contest is held every Monday, Wednesday and Friday. The round goes on for an hour and starts at 6 pm (EST).
- Traders can only do short term trading.
- The clients cannot open more than 5 positions during the contest. Neither can they open a contract within the last 5 minutes of the contest.
- The balance in the account at the beginning of the contest should be 1,000 USD. The maximum trade amount for both single open position and multiple open positions is 500 USD.
They claim to be the first broker to offer automatic withdrawals. The traders can withdraw their funds at any time of the day. Ayrex does not charge commissions for withdrawals, unlike some lesser known brokerage websites. Moreover, the withdrawal process is completed in two steps and is secure. The traders can withdraw their money within a few seconds.
Some facts about the withdrawal process at Ayrex:
- 95% of the withdrawal processes are automatic.
- 89% of their clients are satisfied with the process.
- 12% of the withdrawals are done on the weekends and after the trade hours.
The traders can make a deposit after opening an Ayrex Account for trading Binary Options by transferring amount through
- Bank wire
Their clients can open an account with an initial deposit of $5 but to trade an underlying asset or commodity, the minimum deposit is $100. The beginners will understand how much they have to deposit to trade a contract after they have availed the Demo account.
In case of a withdrawal, the broker charges a commission which is dependent on the processing fees and the conditions of the payment system. Ayrex offers their customers once a month free withdrawal option. The minimum withdrawal is $5.
Even if Ayrex has not yet received registration from CySEC, the brokerage company is registered under Advanced Binary Technologies Ltd. with the registration number C44622. The company follows the regulations stated by The Australian Securities & Investments Commission (ASIC) strictly. So, the traders searching for a good Binary Options broker should feel safe with this trading platform. Furthermore, the broker does not leak out any personal details or bank details. Confidentiality is one of their priorities.
The customer service centre is available throughout the day, from Monday to Friday. They immediately respond to calls and are always eager to help out their clients. The traders can contact them through live chat, email or the telephone.
Traders can now use the Ayrex trading platform on their smartphones and tablets, thanks to their app. The Android users can download the user-friendly app from Google Play Store and the iPhone users from Apple’s App Store.
This section is mainly for the neophyte traders. Starting from how to trade Binary Options to trading strategies and manuals on the trading platform are available to the traders. These articles are of immense help. There are various articles on the trading charts like the candlestick charts, which are essential in trading the contracts.
This trading platform does not only depend on technical analysis when trading Binary Options. News, especially on the financial sector has a huge impact on the Binary Options market. The broker website publishes journals regularly to keep the traders up-to-date about the market sentiment.
- Binary Options Post – Most Innovative Broker 2015
- Forex Awards 2015– Best Trading Experience 2015
- FXEMPIRE– Most Promising Broker 2015
- FXEMPIRE– Best Trading Platform 2016
- Forex Awards 2016– Best Binary Options Broker 2016
- Forex Awards 2016– Most Transparent Broker 2016
- Fxdailyinfo.com 2017– Best Binary Options Broker 2017
In conclusion, Ayrex has proved to be a user-friendly broker, helping out at every step of the trade. The traders can do 60 seconds to hourly trades. The trading charts offer more clarity and the trading signals offered by this platform help in assuming the movements of the asset. The trading signals are at the disposal of the permanent account holders.