Important: Ayrex is an unregulated broker and we recommend not using this broker for your trading.
Binary options trading is gaining a wide audience from different parts of the world. It is one of the most traded assets. While the industry is growing at a rapid rate, the number of illegitimate trading platforms and robots has also increased. As a result, you have to be very cautious before you commit your money to any brokerage firm. Ayrex is among the many platforms that have been created so far. The broker was founded in 2014 and although it has not been on the industry for a long time, it is gaining an impressive market share.
One of the factors that have made this broker stand out from the rest is its innovative interface which has been created using cutting-edge technology, making it highly responsive. You will not experience any lags or hiccups when using the platform. On the other hand, it has a minimum deposit of $5. This means that even beginner traders wishing to spend low amounts in trading can use the site. They also have a 30% deposit match bonus and offer signal services. There is an Ayrex demo account to help new traders to the site get accustomed to its functions. This Ayrex Review will give you some information about the broker.
Find the best trading platform. You capital is at risk when trading. Be careful.
Is Ayrex A scam? Is Ayrex Regulated?
Ayrex is not licensed but is in the process of being regulated. And the is not regulated, it is easy for most people to believe that it is a scam. It is really hard to recommend a broker like this no matter what they may have on their site to try and prove that they are transparent and dependable.
However, they try to explain what they do to clear any doubts to any potential traders who may have about Ayrex scam. They have a demo account that is easily accessible and is quite detailed. Placing bets is fast, whether in a demo or real account, which makes sure that you do not miss your entry point. Furthermore, there are three types of binary options that you can trade with the broker
First, there is short-term in which a trade expires within a short period of time. This could be five or fewer minutes. The second type is high/low which takes 15 minutes to an hour before it is closed. The third option is one touch in which traders are offered Touch and No Touch options on both above and below price levels. The last option applies only to major pairs. Considering that this broker is not licensed, it is advisable to check out regulated CFD brokers.
Alternatives To Ayrex
Whether Ayrex is a reputable trading company or not it is hard to say as they are not regulated, so no matter what transparency or steps that it takes to appear like a legit broker, the fact that they are not licenced makes us nervous and not willing to recommend them. However, there are some two amazing alternatives that you can check out. Libertex Review is a perfect alternative that is regulated by Cyprus Securities and Exchange Commission. They have continually shown honesty with past clients. Another alternative is eToro, which is a perfect trading platform that accepts auto trading. It majorly focuses on cryptocurrency trading.