Overview of Ayrex
Ayrex, operated by Advanced Binary Technologies Ltd, is a trading platform headquartered in the United Kingdom with approximately 5-10 years of operation. Notably, Ayrex lacks valid regulation, which raises concerns about its credibility and security as a brokerage platform. Potential users should exercise caution due to the absence of regulatory oversight, as it may pose risks to their investments.
Ayrex offers a diverse range of market instruments for trading, including over 50 currency pairs in the Forex market, stocks from more than 20 global exchanges, various commodities like gold, silver, oil, and gas, as well as cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
The platform provides two account types: the Standard Account and the Islamic Account, both requiring a minimum deposit of $25 and offering leverage of up to 1:200. Traders can access various asset types and choose from expiry times ranging from 30 seconds to 5 minutes. While Ayrex does provide low spreads and commissions on certain trading instruments, it is essential to be aware of the risks associated with higher leverage levels. Additionally, Ayrex offers multiple deposit and withdrawal methods with varying fees and processing times, making it essential for users to consider their preferences when managing their funds.
Ayrex offers trading through its web and mobile platforms, both equipped with essential features for market analysis and risk management. Customer support is available through phone contact, social media accounts, and email. However, reviews of Ayrex raise concerns about issues with withdrawals and account blocking, indicating potential issues with the platform's legitimacy and fund handling.
Pros and Cons
Ayrex presents a range of advantages and disadvantages for traders. On the positive side, it maintains low spreads and commissions. Multiple deposit and withdrawal methods enhance convenience, while its user-friendly web and mobile platforms facilitate trading. Leverage up to 1:200 can amplify trading positions. Additionally, Ayrex provides multiple customer support channels for assistance. However, there are notable drawbacks, including the lack of valid regulation, which raises security concerns. Higher leverage introduces increased risk, and a 2.5% fee applies to credit/debit card deposits. Traders should be aware of a withdrawal fee of $40. Notably, Ayrex does not offer popular trading platforms like MT4, and there have been complaints related to a potential pyramid scheme and withdrawal issues.
Is Ayrex Legit？
Ayrex lacks valid regulation, which raises concerns about its credibility and security as a brokerage platform. Potential users should exercise caution due to the absence of regulatory oversight, as it may pose risks to their investments.
Market Instruments
Ayrex offers a wide range of market instruments for trading, including:
Forex: Ayrex offers trading on over 50 currency pairs, including majors, minors, and exotics.
Stocks: Ayrex offers trading on stocks from over 20 exchanges around the world, including the US, UK, and Europe.
Commodities: Ayrex offers trading on a variety of commodities, including gold, silver, oil, and gas.
Cryptocurrencies: Ayrex offers trading on a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Account Types
Standard Account: The Standard Account at Ayrex requires a minimum deposit of $25 and offers leverage of up to 200:1. It provides access to a range of asset types, including currencies, commodities, stocks, and indices. Traders can choose from expiry times ranging from 30 seconds to 5 minutes.
Islamic Account: Ayrex also offers an Islamic Account, which includes all the features of the Standard Account but does not involve rollover interest (swaps). Like the Standard Account, the Islamic Account requires a minimum deposit of $25 and offers leverage of up to 200:1. It allows trading in currencies, commodities, stocks, and indices with expiry times ranging from 30 seconds to 5 minutes.
Leverage
Ayrex provides leverage for trading, with leverage ratios reaching up to 1:200. These leverage levels allow traders to potentially amplify their positions, but it's crucial to be aware that higher leverage also entails greater risk and potential for significant losses in trading activities.
Spreads & Commissions
Ayrex offers low spreads and commissions on a variety of trading instruments. For example, the spread on the EUR/USD currency pair is 0.9 pips for a Standard account type. There is no commission charged on binary options trades.
Minimum Deposit
The minimum deposit requirement at Ayrex for both the Standard Account and Islamic Account is $25.
Deposit & Withdrawal
Ayrex offers a variety of deposit and withdrawal methods, including credit/debit cards (2.5% fee), e-wallets (2.5% fee), and bank wire (free deposit and $40 withdrawal fee). The minimum deposit is $10 and the minimum withdrawal is $50. Deposits are processed instantly and withdrawals are processed within 1-3 business days.
Trading Platforms
Ayrex Web Platform: Ayrex's primary trading platform is accessible through web browsers and boasts user-friendly features such as various chart types (line charts, candlestick charts, bar charts), an extensive selection of technical indicators for market analysis, and risk management tools like stop-loss and take-profit orders. Additionally, the platform facilitates one-click trading for quicker trade execution.
Ayrex Mobile Platform: Ayrex offers a mobile trading platform compatible with iOS and Android devices, delivering the same features as the web version but optimized for mobile use. This enables traders to access the platform's capabilities on the go.
Customer Support
Ayrex provides customer support through multiple channels, including a phone contact at +44 20 3322 7337, a Twitter account (https://twitter.com/ayrexofficial/), and a Facebook page (https://facebook.com/ayrexofficial/). Additionally, users can reach out to their customer service via email at support@ayrex.com.
Reviews
The reviews of Ayrex on WikiFX include a total of one exposure, which appears to be related to a pyramid scheme complaint and an issue with withdrawal. The user reported depositing $37 and gaining $4230 within a month due to their professional experience but was unable to withdraw the funds, leading to their account being blocked. These reviews suggest concerns about the platform's legitimacy and its handling of user funds.
Conclusion
In conclusion, Ayrex, operated by Advanced Binary Technologies Ltd in the United Kingdom for 5-10 years, presents both advantages and disadvantages for potential users. On the positive side, Ayrex offers a diverse range of market instruments, including Forex, stocks, commodities, and cryptocurrencies. They provide two account types, a Standard and an Islamic Account, with access to various assets and leverage options. The platform also offers web and mobile trading options and multiple customer support channels.
However, Ayrex faces significant drawbacks. Notably, it lacks valid regulation, which raises concerns about its credibility and security as a brokerage platform, potentially posing risks to investments. Additionally, the reviews available on WikiFX suggest issues related to withdrawal and suspicions of a pyramid scheme, further casting doubt on the platform's legitimacy and its handling of user funds. Therefore, potential users should exercise caution when considering Ayrex as a trading option.
FAQs
Q: Is Ayrex a legitimate brokerage platform？
A: Ayrex lacks valid regulation, raising concerns about its credibility and security. Exercise caution due to the absence of regulatory oversight.
Q: What market instruments can I trade on Ayrex？
A: Ayrex offers a variety of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
Q: What are the account types offered by Ayrex？
A: Ayrex provides Standard and Islamic accounts. Both require a $25 minimum deposit and offer leverage of up to 200:1.
Q: What is the leverage offered by Ayrex？
A: Ayrex offers leverage ratios up to 1:200, allowing traders to amplify positions, but higher leverage comes with higher risk.
Q: How is customer support at Ayrex？
A: Ayrex offers customer support through phone, Twitter, Facebook, and email channels. Their contact number is +44 20 3322 7337, and email is support@ayrex.com.
2023-03-01 10:00
2023-02-16 10:01
