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Ayrex

United Kingdom|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.ayrex.com

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Russia 2.53

Surpassed 45.45% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 3322 7337
support@ayrex.com
https://www.ayrex.com
https://facebook.com/ayrexofficial/

Licenses

No valid regulatory information, please be aware of the risk!

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Contact number

English

+44 20 3322 7337

Other ways of contact

Broker Information

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Company Name

Advanced Binary Technologies Ltd

Abbreviation

Ayrex

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Ayrex · WikiFX Survey

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Ayrex · Company Summary

Aspect Information
Registered Country United Kingdom
Founded Year 5-10 years ago
Company Name Advanced Binary Technologies Ltd
Regulation Not regulated
Minimum Deposit $25 (Standard & Islamic Accounts)
Maximum Leverage Up to 1:200
Spreads 0.9 pips
Trading Platforms Web Platform, Mobile Platform (iOS/Android)
Tradable Assets Forex, Stocks, Commodities, Cryptocurrencies
Account Types Standard, Islamic
Customer Support Phone, Email, Social Media
Payment Methods Cards (2.5% fee), E-wallets (2.5% fee), Bank wire (fees apply)

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.

basic-info

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.

Pros Cons
Low spreads and commissions Lack of valid regulation raises security concerns
Leverage up to 1:200 Higher leverage entails greater risk
Multiple deposit and withdrawal methods 2.5% fee on credit/debit card deposits
User-friendly web and mobile platforms Withdrawal fee of $40
Multiple customer support channels No popular trading platforms available, such as MT4
Complaints related to 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.

regulation

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.

Pros Cons
Availability of cryptocurrencies Lack of regulatory oversight raises concerns
Access to stocks from 20+ exchanges Limited information on specific instruments
Trading options in commodities

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.

Pros Cons
Standard and Islamic account options Minimum deposit requirement of $25
High leverage of up to 200:1 Limited range of expiry times (30 seconds to 5 minutes)
Access to various asset types Islamic Account lacks rollover interest (swaps)

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.

Pros Cons
Variety of deposit and withdrawal methods 2.5% fee on credit/debit card deposits
Instant processing of deposits $40 withdrawal fee
Withdrawals processed within 1-3 business days Minimum withdrawal is $50

Trading Platforms

  1. 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.

  2. 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.

trading-platform
Pros Cons
Ayrex Web Platform offers user-friendly features, various chart types, technical indicators, and risk management tools. No popular trading platforms like MT4 are available.
Ayrex Mobile Platform available
One-click trading on the web platform enables quicker trade execution.

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.

reviews

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.

User Reviews

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Howard Peng
more than one year
3 stars because they went through tough situation lately, but they did not give up.However, I guess, I won’t try this broker again.
2023-03-01 10:00
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Guo Jia Hao
more than one year
This Ayrex does not deserve one star! This platform took my deposit so easily without informing me. I tried to contact them through telephone: +44 2033227337, and email: support@ayrex.com, but they didn’t reply me at all.
2023-02-16 10:01
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