What is Ayrex? Does Ayrex accept Australian traders?
Ayrex is a binary options trading broker headquartered in Charlestown, Nevis in the Caribbean Sea.
Started only in 2014, it has since come to be known as a reputable and trustworthy broker thanks to its highly competent and trustworthy service to its clientele.
Sure enough, transparency in the business and high responsiveness to client traders is one of the top priorities in the company’s policy.
What We Liked
- Highly focused on customer service and satisfaction
- Simple and elegant trading platform
- High bonuses offered on substantial initial deposits
- Decently high pay-out rates
- Demo account option available
What We Didn’t Like
- Unregulated operations
- Limited variation in available Options
Ayrex was founded in 2014 and is owned by Advanced Binary Technologies Ltd. Despite the fact that many traders seem to trust it and recommend it within their own circles, this broker firm still remains ironically unregulated by any government financial agency.
It is a plain fact that as prospecting binary options trader, you should avoid an unlicensed and unregulated broker at all costs as you run the risk of being scammed and having your money extorted.
This time though, it seems we have arrived at an exception. The disturbing bottom line is that even a fully regulated binary options trading broker is capable of fibbing and scamming you; just that that is far more unlikely to happen than with an unregulated broker.
However, being a fairly recent addition to the industry, rest assured it is only a matter of time before Ayrex joins the community of licensed and regulated brokers. It is already praised as such.
The trading platform offered by Aryex is incredibly fast. It is able to execute almost all of its trades in under 30 milliseconds. This will be of great assistance to traders particularly executing trades that last for under a minute. As a trader you also have the ability to close a trade before its assigned time of expiry.
Of course, the online platform is fully accessible on your Android or IOS device. A wide range of options are available as are numerous assets to trade in. The main three types of binary options on offer are High/Low Options, Short Term Options and One Touch Options.
Ayrex Australian Accounts
Traders can only maintain one active account. A demo account is also available even during weekends when mainstream markets are inactive. Most notably, there is also an option for opening an Islamic account, one that is in accordance with Sharia laws and offers trading that is void of interest, commissions and other fees.
Even a trading platform specific to this account has been developed for Muslim traders. It all adds up to some serious customer service from an unregulated binary options broker.
The minimal initial deposit required for opening an account with Ayrex is merely $5. Any deposit made upwards of $100 and under $499 will be aided with a bonus of 10%. For deposits between $500 and $999, that bonus can go up to 20% and for deposits made over$1000, it is 30%.
- Core Liquidity Markets Australia – A great binary options broker that accepts Australians.
- IG Markets Australia – One of the most trusted trading brands
- Winning Strategy for Binary Options Trading – Learn how to win at binary options trading
Pay-out rates are on the high side with Ayrex, going up to 89%. Typically though, the pay-out rate fluctuates more modestly between 80% and 83%. In terms of assets, a moderate number relative to other binary options brokers is available with Ayrex. It offers over 50 assets consisting of stocks, indices, forex and commodities.
Customer support from Ayrex is available 24 hours a day on all 5 weekdays. Customers can get in touch via telephone, email or a live online chat on the official website.
Is Ayrex a good choice for Australian traders?
While being unregulated is its greatest weakness, Ayrex still maintains a high level of trust and reputability among its clients thanks to its efficient customer service and high quality of standardized features.