Ayrex is a legally registered binary options broker located in Saint Kitts and Nevis, but not regulated by any government agency.
Ayrex accepts clients from all over the world, excluding USA, UK, Russia, Ukraine, Belarus, Kazakhstan, Ghana, Sudan, Iran, Iraq, Palestininan Territory, Libya, Syria, Puerto Rico, Canada, Cuba, China, Gaza Sector.
Binary options broker offers the following underlying assets for trading.
|15+ Currency Pairs||Based on major and minor world currencies.|
|1 Crypto BO||Based on Bitcoin.|
|7 Indice BOs||Based on baskets of different blue-chip stocks.|
|4 Metal BOs||Based on Gold, Silver, Platinum and Palladium.|
|3 Energy BOs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|5 Stock BOs||Based on shares of US companies.|
Ayrex is a binary options broker based out of the offshore jurisdiction Saint Kitts and Nevis, where it has been operating since 2014. This British Overseas Territory is well-known as a home to both forex and binary options brokers, and is considered a relatively reliable jurisdiction with a legal system based on the British Common Law tradition.
As is the norm in Saint Kitts and Nevis, Ayrex is not regulated by any government agency, and traders should therefore be aware that their options may be quite limited in the event of a dispute with this broker. Unlike some other unregulated brokers, Ayrex is not a member of any private regulatory organizations either, which means traders should exercise extra caution before depositing money with this broker.
Ayrex is a pure binary options broker, and does not offer traditional CFD & forex trading. In terms of binary options, however, it does offer a fairly good selection of underlying assets to trade on. Most notably, Ayrex has all of the major and many of the minor forex pairs covered, in addition to a number of stock indices, a handful of commodities, and bitcoin. At the time of our review, binary options trading on individual stocks is still not available with Ayrex, although the company claims it is “coming soon.”
The minimum deposit to start trading with Ayrex is USD/EUR 25, while the minimum withdrawal amount is just USD/EUR 5. Deposits can be made with either the popular payment cards Visa, MasterCard, or China UnionPay, as well as with the e-wallet services Neteller, Skrill, and FasaPay.
Although Ayrex does offer a nice and intuitive trading platform, it is perhaps not as simplistic as those of some other binary options brokers, particularly the ‘social’ binary options brokers. Still, Ayrex’s trading platform does what it is supposed to do, works seamlessly, and has few bugs reported.
Ayrex’s customer support is available via a UK-registered phone number from 0700 to 2300 Eastern European time (EET) on all trading days. In addition, the broker’s customer support department can as usual be reached via email and live chat. The broker does not, however, offer any support options for non-English speakers, although its website is available in nine different languages.
In conclusion, we believe Ayrex’s offering is comparable to most other unregulated binary options brokers out there. On the negative side, however, it should be mentioned that we would like to see some more underlying assets added, in particular more individual stocks and some popular cryptocurrencies.
Moreover, we would also like to stress that although trading with a regulated broker certainly adds a sense of security, unregulated brokers still have a role to play in that they can offer more flexible trading conditions and sometimes better terms than their government-regulated counterparts.
It is also a fact that government regulators around the world have cracked down on binary options brokers as of late. This has effectively forced parts of the industry to relocate to offshore jurisdictions, and it should thus not come as a surprise that many of these brokers today are unregulated.