Are you looking for a binary options broker with great features?
Try Ayrex free demo account and experience binary trading like never before!
Ayrex is one of the most popular binary options brokers around the world. They claim that over 230.000 traders use their trading platform, including a lot of traders from South Africa. Ayrex also claims to offer a great variety of assets, expiry times, successful trading signals and helpful customer support. Ayrex also has a special 30% deposit bonus, as well as exciting and interesting competitions in which traders can trade in a new and interesting way.
Ayrex is a binary broker owned and operated by Advanced Binary Technologies Ltd.
All traders who want to know more about this binary broker should continue reading our review that will provide you with more information on account types, trading platform, customer support as well as deposit and withdrawal methods.
Ayrex Trading Accounts
Ayrex review found out how this broker has only one account type. This means that all traders trade under the same conditions, and they all get the same level of customer support and trading features. Such a democratic approach is very common among brokers, as modern traders prefer to have the same chances as everyone else, no matter how much they deposit. Ayrex also has a special Islamic account, but this account is not available for all traders, but only for those of Islamic faith.
Ayrex Islamic Account
Ayrex Islamic account is an account type that allows Muslim traders to trade under terms that are allowed in their religion. This is very considerate of Ayrex. Trading with Ayrex Islamic account means that you don’t have to pay any hidden fees, interest rates, surcharges, and rollovers. The Islamic account conforms to all rules of Sharia Law, and Muslim traders can use it without any guilt.
This account is available only upon request. In case this account the right thing you need, make sure to contact customer support and ask for one. Islamic account is not charged extra and is available for Ayrex traders in South Africa as well.
Ayrex Demo Account
One of the most relevant features for every broker is a demo account. The Ayrex demo account is accessible without registration. All you have to do is click the “demo” button on the website and you will be redirected to the demo trading platform immediately. Your initial demo balance is $1000 of virtual money, but in case you need more money, all you have to do is simply click the button that says “add 1000” and you will get another virtual $1000.
However, we recommend traders to try trading with realistic amounts, as that will help them understand the platform better. After all, it is not the same to trade with $1000 or $10,000 on the demo, while being willing to trade only $1000 in real money. Make sure to keep things real, and use this free demo to get familiar with the trading platform. Ayrex demo account offers a limited number of assets, but more than enough to see what trading looks like. After all, all popular assets like EURUSD pair are available on the Ayrex demo account.
Ayrex Trading Platform
Ayrex has a proprietary platform which means that it was developed in-house to suit exclusively the needs of Ayrex traders. We tried to use the platform with the demo account, and have to admit that they made binary trading as forward as possible.
In the top bar, you will find a list of popular assets you can trade, but the list of all assets is in drop-down menu. On the right side of the platform is information on trades. You see the account balance, but also a field where you type the trading amount, expiry time, and Put and call buttons. They are marked with red and green, so you can’t miss them. In the middle of the platform is a chart, and on the left side is your trading history. If you need more information on how to use the trading, platform, Ayrex offers a great manual that takes you step by step.
Ayrex offers a great variety of assets you can use for trading binary options. Even though not all assets are available with a demo account, you can still see them. There are 18 currency pairs, One cryptocurrency (Bitcoin), 4 stocks, 5 Indices, 6 spot commodities. This is more than enough variety for both experienced traders and beginners as they are versatile and allow diverse trading.
Ayrex Customer Support
Ayrex customer support is based on email communication. There is no live chat you can use, but you can always send an email or fill out the online form available on the website.
Customer support is available from Monday to Friday, from 7AM to 23PM EET.
In case you prefer talking instead of writing, you can use a phone number +44 20 3322 7337. There is no Ayrex number for South Africa only.
When it comes to Education, we are happy to inform traders how this broker offers an amazing selection of guides that traders can use to learn more about the platform and that will lead them every step of the way. We like how all guides are divided into small chapters that make it super easy to find what you need. There is also an FAQ section for quick answers in case you need them. All this, including a demo, is more than enough for an average trader to start their trading journey with Ayrex.
Ayrex Banking – Deposit and Withdrawal
Ayrex has a minimum deposit of only $25. The minimum withdrawal is $5. One withdrawal every month is free, while every subsequent is charged with a fee, depending on the withdrawal method.
South African traders can use the following deposit methods:
- Bank wire
Ayrex Bonus Policy
Ayrex offers a 30% bonus on all deposits. This bonus comes with terms and conditions. The minimum deposit you have to make in order to get a bonus is $100, and it can be 10%, 20% or 30%, depending on the deposit. The bonus amount of all bonuses combined can not be higher than $10,000. Every bonus is considered to be separate from previous and subsequent bonuses. The trader must trade every bonus 40x in order to be able to get a bonus withdrawal.
Ayrex also organizes different competitions that are open for South African traders. These contests take place online and last for a limited period of time. Every contest has a special set of rules. The good news is that all rules are available on the contest page, so traders won’t waste any time searching for it.
Is Ayrex a Scam?
Ayrex is a legit binary options broker that has been around for years. Their terms and conditions are available for all traders, and they have all the important data available for the public. Bonus terms and conditions are clear and straightforward.