A relative newcomer on the highly competitive and ever expanding online retail binary options scene that appears to hold a lot of promise and potential, as well as departing from the mainstream broker offering, is Ayrex.com, a binary options trading brand that is owned by Advanced Binary Technologies Ltd which is based on the Caribbean islands of St. Kitts and Nevis Clients. Although around for only two years Ayrex has already earned several awards and it appears to be gathering much attention and a lot of positive reviews and feedback from customers and industry insiders, chiefly due to its unique, proprietary platform that many hail as a joy to use. Let us have a closer look at this promising, new broker to discern whether it truly deserves such praise:
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The strongest asset of Ayrex as a broker is their technologically advanced, proprietary platform that was developed in-house and boasts a very robust and feature rich trading environment and a very modern, unique and attractive design. The Ayrex platform is very easily navigated and user friendly, but its strongest point is its speed since transactions are said to be executed in a mere fraction of a second. No lags, freezes or hiccups and near instantaneous execution time appear to be Ayrex’s competitive edge over its rivals. Moreover, for those wishing to trade on the go, Ayrex has developed an Android-based trading application, whose latest version features a reinvented technical structure, an optimized data communication protocol ensuring quicker loading times, as well as improved app stability and execution times, offering a truly smooth mobile trading experience.
The types of trading supported by the Ayrex platform are the traditional high/low or call/put binary options contracts, as well as short term options with expiry times ranging from 30 seconds, to 1,2,3 and 5 minutes. Moreover, traders can choose to trade via the Touch/No Touch Options –Below, Touch Below, Touch and No Touch trading instruments. All the contracts are available for early closure through the “Close Now” feature, allowing traders the ability to sell options early. As a result, potential payouts when trading through Ayrex can be said to be high, with returns topping out at 85%.
The tradable assets list offered for trading by Ayrex might not be the most impressive you have seen, but is still more than adequate to offer most types of traders a healthy choice of different assets to choose from and ensure they best match their investment portfolio and trading preferences. More specifically, the available tradable assets menu on the Ayrex trading platform includes more than 50 different assets from across the four main asset categories of forex currency pairs, commodities, stocks and indices markets.
Opening an account with Ayrex is a very simple and straight forward process and it is completely free, while the minimum initial deposit required is merely 5$. More recently and subject to certain terms and conditions, Ayrex has also launched a “$30 No Deposit Bonus” for new traders that gets them free $30 from Ayrex and allows them to turn this bonus amount into a fully withdrawable $200, thus allowing a new trader to profit without making an investment and to try the real trading platform risk-free. Unlike other binary options brokers, Ayrex treats all its customers equally and thus does not have different account types, but a single standard account type for all. Moreover, another distinguishing feature of Ayrex is that it is particularly suited to Muslim traders since it also offers Islamic Trading accounts which are in compliance with Sharia law and the requirements of their faith. In terms of bonuses, Ayrex offers a fully withdrawable deposit bonus of up to 30% that is flexible and instant, while it often runs interesting and rewarding contests and other promotional offers for its clients.
One of the most distinguishing features of Ayrex is the ultra low minimum deposit amount, which is set to merely 5 USD/EUR, thus making opening a live account truly accessible to everyone. The minimum withdrawal amount is also 5 USD/EUR and all customers are entitled to one free withdrawal per calendar month, with each subsequent withdrawal in the same month being charged with a commission based on the processing fees and/or conditions of the payment system used for withdrawal. The acceptable deposit and withdrawal methods include credit cards, such as Visa and Mastercard, as well as Neteller, Skrill, fasapay and UnionPay. All banking transactions are executed in a manner that is secure, simple and prompt.
The Ayrex website does cover the need of a significant portion of traders in the global community to be able to trade in their own language since it is available not only in English, but in Italian, German, Indonesian and Chinese as well. All customers can easily access the comprehensive and detailed FAQs section of the website in order to seek answers to their queries and of course also contact the broker’s customer service department either directly via live chat from the website, by sending an email or by phone. Customer support promises an immediate response and it is available on a 24/5 basis.
Besides offering their highly trained and helpful staff for the assistance and guidance of each customer throughout the trading process, Ayrex also offers its customers an educational centre, under the motto “learning is the eye of the mind” which currently contains useful information on the basic principles of binary options trading, a neat glossary and a very comprehensive platform manual in pdf format. Moreover, under the analytics section of the website, customers can gain access to an economic calendar and a market news line up, which are also very useful for those learning to trade the markets effectively.
The people behind Ayrex promote their offering under the motto “binary options reinvented”. We will refrain to fully back this argument just yet, as this broker is still relatively young in the market. A fair assessment of their offering however reveals that they do indeed possess unique features, such as their own platform, and do operate differently than the industry standard, such as the very low deposit amount, the single standard account type etc. They are different, but they also come across as committed to succeeding in the industry and excelling in their offering to their clients, thus they may well worth a chance to become your broker of choice, especially if you are a newbie wishing to try out binary options trading for the first time.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.