Opinion about Ayrex
With Ayrex you have the possibility to invest in binary options, but is it legit? The truth is that this is an unlicensed broker. Although we do not believe that it is a scam, we recommend the services of other portals with licenses in good standing. In Estafa.info we have created an entry with the best online brokers of 2018 to help you in the arduous task of choosing a portal that suits your needs while ensuring secure transactions and operations.
🥇 10trade | 10trade |
⭐ Evaluation | 3.5 / 5.0 |
🎲 Underlying | more than 90 |
💳 Choice | Binary options trading |
❤️ Performance | 85% |
⚖️ Unregulated | |
Try it now! |
When you get ready to invest, one of the main concerns is the broker's security. In this case we have carried out an analysis on it, trying to see what regulations the platform must follow, and what obligations it has with respect to its users. Unfortunately, there are not many. This does not mean that we are talking about a scam, but it does mean that if the time comes to claim, you will depend greatly on what the company decides, without having much room for maneuver to defend yourself.
Our experience with Ayrex
Experience with this broker is very doubtful. On their website they announce having won various awards as a binary options broker, however there are no mentions of them in the press, something that is not surprising if we take into account that one of them is based on the votes made on an unknown website, in which you can also see that this platform was the winner of the vote with only three votes! In the other two contests more of the same, it is difficult to get an idea of what factors the jury took into account in deciding, who the jury was and why the prize was awarded. It looks more like a marketing strategy.
Company | Advanced Binary Technologies Ltd |
Address | Office 590, Suites 5 Horsfords Business Centre, Long Point Road, Charlestown, Nevis, St. Kitts and Nevis |
CySEC license number | No |
Company registration number | C44622 |
Phone | 44 20 3322 7337 |
[email protected] | |
Live Chat | Yes |
They call back | No |
On the other hand, we would like to point out that the website is not available in New Zealand, and only traders who are fluent in English, German, Indonesian, Chinese, Malay or Italian will be able to trade comfortably. That said, it is true that as will be seen in the section on the platform's offer, the amount of available funds is not bad and allows investing by diversifying.
Is Ayrex a scam?
We cannot say that this platform is a scam, because we have not been scammed. However, we do see ourselves obliged to recommend the utmost caution, and in case money is deposited with them, we recommend that they be small amounts.
On December 27, 2016, the Italian financial authority issued an alert about this company informing residents of their country that the broker cannot offer its services to them. It can be consulted in the "Consob Informa" issue 49/2016 . In New Zealand, the CNMV echoed the Consob's warning, but we are not aware that it has issued a warning of its own.
The company that manages the website is Advanced Binary Technologies Ltd and is based in St. Kitts and Nevis, undoubtedly a curious place to establish the headquarters of a broker that does not accept American investors and that according to the languages in which it is available is mainly directed to Dollarpa and Asia. We will go into depth about it in the regulations section, but in addition, the broker is not regulated by any financial authority and therefore does not have many obligations to fulfill.
Investment offer
The offer available to invest is not bad at all. As usual it is divided into commodities, indices, forex and stocks. On each of them we have a decent selection of underlying assets that in total exceeds 95 different assets.
They also offer an Islamic version to operate, which works according to the rules of Islam, and an educational section, which in truth is rather a small excuse to give content to the web, but the truth is that we can learn little in it, unless we have absolutely no idea what a binary option is.
It is also possible to participate in a free contest in which you trade with 1000 fictitious monetary units for one hour on Mondays, Wednesdays and Fridays, until the company decides that the contest is over. The winner will get a prize of $ 100 in his trading account, which he can withdraw without having to operate it, but yes, after verifying the account.
Binary options trading
Investing in binary options is the raison d'être of this company. And the truth is that his offer is not bad. Without being spectacular, it surpasses the offer of other well-known brokers in New Zealand.
Going into detail, we have been able to verify that here you can invest in 15 currency pairs among which are included: the dollar-dollar, the pound-dollar, dollar-Japanese yen, the respective crosses of pound and dollar with the yen and all the other corresponding crosses between all these mentioned currencies that we are not going to list here, and other crosses with the currencies of Australia, Canada and New Zealand.
You can also invest in 9 indices: Nasdaq, Dow Jones Industrial, S&P 500, S&P/ASX 200, Nikkei, CAC 40, DAX, FTSE and Dollar Stoxx 50. And in up to 60 shares of companies among which we find a great preponderance of American shares, but there are also a couple of them New Zealanders such as Banco Santander and Telefónica.
In addition, there are 7 commodities that perfectly complement the diversification of investment possible through this platform. They are gold, silver, platinum, palladium, UK Brent, Crude Oil and US Natural Gas.
You can operate with time limits ranging from 30 seconds to 15 minutes passing through one minute, two minutes, three minutes and five minutes. The minimum investment of each operation is 5 NZD. The one touch binary options modality is also available, in which chosen a value for the underlying, it will be worth that the price touches it, without the need for it to be at the time of closing when it does so.
Welcome bonus
If you are not a user of this platform and want to get started, you can benefit from a 30% welcome bonus up to a maximum amount of $10,000. In this case we are facing a novel bonus structure because it allows us to choose to a certain extent what we want to get.
Bonus | 30% |
Volume required to withdraw the bonus | x40 |
Validity | 90 days |
Other bonuses | No deposit bonus and contests between users |
For income from $500 to $999 you can choose between a 10 or 20% bonus and for income over $ 1000 you can choose a 10, 20 or 30% bonus. This is very useful for planning a strategy and achieving compliance with the bonus withdrawal conditions, which must be satisfied in 90 days. The condition for being able to withdraw is to trade a volume of 40 times the bonus amount. This means that with an income of $500 and a 20% bonus, that is, $100, $4000 should be traded before the bonus money and its associated winnings can be withdrawn.
If desired, the bonus can be canceled at any time, but taking into account that the profits obtained in the period of time in which the bonus has been available in the trading account will also be canceled.
If you don't want to make a deposit, you can also get a $30 bonus just for registering. In order to withdraw the money, you will have to make trades for a volume of at least $900. The maximum profit you can get from this offer is $200. Once this requirement is met, you will have to make a symbolic deposit of $ 10 to be able to withdraw the money. In this way the broker makes sure that users do not create many fake accounts and try to abuse the offer. Once this is done, you will be able to withdraw your money normally.
Ayrex payment methods
To make an income, the broker offers you fast and convenient methods such as VISA and MasterCard credit cards, Neteller, Skrill, UnionPay or FasaPay. It is important to keep in mind that the method you use to enter must be the method you use in the future to withdraw the money. The company does not charge commissions for the first cash withdrawal of each month. As usual, they will ask you to verify your identity, for which you will have to send a copy of your credit card, of course covering the security code on the back, so that they can verify that you are really the owner of it.
Entry and payment channels offered | |
---|---|
Payment methods | credit card, Neteller, Skrill, FasaPay |
Minimum deposit | $5, for the bonus $100 |
Commission fee | No first withdrawal every month |
Accepted currencies | NZD, USD |
Withdrawal options | credit card, Neteller, Skrill, FasaPay |
Withdrawal requests can take up to 10 days, but normally they are handled on the same day they were requested, with the exception of the first occasion that will depend on how long it takes to send them the necessary copies to verify your identity.
Ayrex Safety and regulations
Without a doubt, we would be facing an absolutely recommended binary options investment platform if it were not for this section. If one of the great fears of investors is the possibility of fraud, this company makes practically no effort to fight those fears.
The truth is that they offer their services without any license, which means that they must only adhere to the regulations of St. Kitts and Nevis. Any trader considering opening an account here should ask himself if, in case problems arise, he would be willing to travel to the Caribbean to file a complaint with little chance of success. In our opinion, it is not so much that the broker is trustworthy or not, but that the guarantees it offers us in case of any incident are simply non-existent.
Something that attracts a lot of attention is that all the user reviews that we can find online in different languages are positive. It is strange that this happens even among exemplary brokers, because many times users who have lost money due to bad decisions when investing, then charge the inks against the brokers, who in those cases are usually not to blame. This is something that does not happen with this website, which makes us think that the opinions may not be entirely legitimate. The other possibility is that this company has been fortunate enough that all the users who have reviewed it have been consistent in their reviews regardless of their results.
Customer service
As with the rest of the website and the platform, the customer service is not available in Spanish. So in case you need to have their help you will have to practice English. The service is available five days a day, 24 hours a day.
You can communicate with the company through a live chat, available on all pages of the website, a telephone with a UK +44 prefix and a contact form available on the specific contact page of the website.
Functionality of the website
The truth is that here we have to recognize that the broker exceeds expectations. The website is attractive, it combines dark blues and whites, and it is elegant. We have been struck by how aesthetically pleasing the investment platform is, where you can easily follow the evolution of the underlying in charts in which you can zoom in or out simply by using the mouse wheel.
In the middle section you will see the graph and on the right two side columns. One of them has the call and put buttons to trade up or down. Below the large central chart you can see your last placed and settled trades.
Mobile application
Ayrex has mobile apps for Android and iTunes, both frequently updated and with very good reviews from users, something that in an investment broker is a bit suspicious (see security section).
As with the web and customer service, the mobile app does not have the option to put it in New Zealand. For the rest, it offers you a pretty good functionality and allows you to operate with comfort.
Finding
Ayrex is an unlicensed broker. We have not detected scams, scams or frauds, but we are not convinced by the null security guarantees. We like their no deposit bonus and their excellent platform for investing in binary options. It also has the option of operating from mobile thanks to its apps and develops contests among users. It is an interesting investment platform, but if we prioritize security, the recommendation is to choose one of the other brokers that appear on our list of the best online brokers .