Ayrex.com Review: this is the website of a Binary options broker that is located in Cyprus. Is Ayrex legit or another scam? Read this review to find out important details revealed about this broker.
The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.
Ayrex has its headquarters in Cyprus and we are aware that Forex trading in this region is regulated by the Cyprus Securities and Exchange Commission (CySEC). But binary Options trading was banned in Europe and thus the company is not properly licensed. However, it is still popular in the market which counts as something.
Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.
Advantages of Ayrex
Like we mentioned above, it has some level of popularity in the market with some traders saying good things about the company. The customer base is about 230,000+ and trades can be opened quickly on the platform. Payouts are quite good and trading signals have a 60% success rate.
It is common for brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
Ayrex Trading Platform
The clients of Ayrex use a web-based platform that is quite effective. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.
Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.
Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.
Trading instruments offered to traders are mainly currency pairs and cryptocurrencies. Stocks, Indices, and Spotfx are also mentioned. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.
The minimum bet size is $5 and the maximum is $3000 while the payout is up to 85% on EURUSD and 39% to 42% on BTC.
Deposit and Withdrawal methods on Ayrex
There is no mention of the methods to be used for deposits and withdrawals by clients of this broker. This is unusual and discouraging.
This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.
A minimum deposit of $25 is required which is more than the obtainable average of $100 to $250 that is common among legit brokers.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Ayrex Licensed?
No. Ayrex offers binary options trading which is prohibited in Europe and thus cannot be a licensed broker. We found a report mentioning that the broker was on the verge of getting a license from the CySEC before trading binary options was blocked.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
If you want to get in touch with this broker, send an email to firstname.lastname@example.org.
Ayrex is a reliable though unlicensed and unregulated broker offering European banned trading binary options.Trading conditions are stated which is encouraging. Further, transaction methods are not talked about. Deposit requirements are affordable and the broker has some popularity in the market. If you have anything to say about this broker, do so in the comment section.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
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- Popular Among Binary Traders
- 85% Payout
- Affordable Minimum Deposit
- No License