Ayrex Review (2023)

Is Ayrex a scam or a legit broker?

Ayrex has been suspected as a scam broker. This broker is blacklisted by the well-known regulatory authority and should be avoided. Ayrex is owned by Advanced Binary Technologies Ltd which is an offshore company registered in St. Kitts and Nevis. 

What is Ayrex?

Ayrex is a trading name used by the Advanced Binary Technologies Ltd company, with its alleged as declared offices in St. Kitts and Nevis. The company states their trusted trading environments with over 230k traders that choose Ayrex, along with the numerous recognitions and awards received from the reputable agencies stating their “Best Platform” and “Best offering”.

Is Ayrex regulated?

However, as the company is located in the jurisdiction which does not implement any regulation of the financial investment firm that simply means the company can say and promise many things while there is no guarantee to receive the promises. Generally, binary trading (Check the binary trading brokers reviews) is the paramount risk investment, which is also restricted in many countries, thus it is at highest importance to choose a reliable broker like HYCM Broker (read about the broker by this link) to trade with.

Is Ayrex a scam?

Moreover, the world industry authorities detected that Ayrex targeting and engaging with the clients’ residents of particular countries and actually, it requires authorization to do so. So the company appeared in blacklists while the investors were warned in trading with the Ayrex. 

“Having considered that Advanced Binary Technologies Ltd is not authorized to provide investment services to the Italian public, insofar as it is not registered on the register held by CONSOB, also carries out services that requires authorization. Hereby resolves to order the cessation of the Art. infringement consisting of the provision of investment services and activities to the public.”

CONSOB, Italy. May 2018.

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more.

Ayrex in India

Ayrex allows Indian traders (Find out best forex brokers in India here) to open accounts and trade. However, Ayrex has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Ayrex in the USA

Ayrex does not accept traders from the USA (Check out Best US Forex Brokers).

Deposit & Withdrawal

The minimum deposit is 25 USD/EUR. The broker does not charge any commission for depositing to the traders accounts. Credit cards, wire transfer, e-wallets and other forms of online payment can all be used to deposit funds into an Ayrex account.

The minimum withdrawal is 5 USD/EUR. Traders can make one free withdrawal within a calendar month. Each subsequent withdrawal shall be charged with a commission based on the processing fees and/or conditions of the payment system used for withdrawal. The broker usually processes the withdrawals within 3 business days.

Apps

The mobile trading app (Find best forex trading apps by link) mirrors the platform of the website, with a full range of options and markets available to trade online.

Demo Account

Ayrex offers a Demo account without any registration at allDemo account is an important tool in terms of learning how to work with the platform and a great aid for new traders to get used to the platform interface and features before investing their funds. The full platform can be used with $1000 demo funds – real prices, real assets – without the need to register or supply any contact details whatsoever.

Conclusion

Overall, there are many questions in regards to the trust of the Ayrex company services and the manner they do operate the online trading itself.

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

You can also share your trading experience with Ayrex by commenting on this review.

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