Ayrex is a quite popular binary options broker. Its clients are offered ne basic type of live trading account, as well as demo and Islamic one. While the trading conditions appear rather good, the broker is not a legitimate one, and this is our main concern with it. Yet, Ayrex deserves a decent review, as they have solid experience in the financial market. Also, we should show some leniency, as binary options brokers have very limited options to operate legally nowadays.

Ayrex Advantages

More than 5 years of experience

Ayrex is a binary options provider established back in 2014, and has built itself a rather solid reputation. This adds some reliability to the broker, despite the fact that they aren't licensed. Besides, Ayrex as in the process of receiving license from the Cyprus Securities and Exchange Commission (CySEC) before ESMA banned binary options trades altogether in 2018.

Attractive payouts, good selection of assets

We also should mention thatAyrex offers attractive payouts reaching 85% on high/low trades.Another thing we like about this broker is their diversified product portfolio, consisting of forex, stocks, equity indices, commodities, and Bitcoin. This is a solid selection of tradeable assets, and clients of the broker are offered trading in Short term options and One Touch, with expiry times ranging from 30 seconds to 1 hour.

Platform not bad, demo available

Ayrex uses a web-based proprietary trading platform which is simple and functional, and mobile apps are also available. The broker brags about an execution of 0.028 sec, which sounds great, and besides, the platform is not devoid of analytics - there are moving averages, support and resistance lines, and Bollinger bands.

More importantly, Ayrex is one of the few binary options brokers that offers free testing service, so those who are willing, can practice their trading before investing any real money. Here is a screenshot:

Ayrex Disadvantages

Not regulated

Ayrex is owned and operated by offshore company Advanced Binary Technologies Ltd registered in St. Kitts and Nevis. The financial authorities on this islands - the Financial Services Regulatory Commission (FSRC) - regulate exclusively the banking sector and don't bother with the forex and binary options brokers registered on the island.

Here we should note that investing with unregulated brokers is associated with significant risk of losing your money to scammers. Unregulated brokers are not accountable of how they handle your money and quite often traders, dealing with such brokers, have problems withdrawing their funds.

As most of you probably know, binary options trading is either prohibited or restricted in most jurisdictions, so we must take this in mind when commenting on any provider of this type of trading.

For example, binary trading in the USA is allowed only on a regulated exchange. In Europe, this type of trading was prohibited across the EU in 2018, and ESMA keeps renewing the temporary ban ever since. Lately, most national financial authorities of EU Member States mirror ESMA's product intervention measures and make them permanent on a national level.

No long-term options

As was mentioned above, Ayrex offers trading in options that are mostly short term (30 seconds - 5 min) - or at least those we saw on the demo platform. Most traders will do better if they start out with longer term options which last a few hours or even days, and then work their way up to 30/60 seconds.

Mixed user reviews

While we mentioned that Ayrex appears reliable and has built itself a good reputation, it should be note that the user reviews of the broker across the web are a mixed bag, and many of them say that there was some sort of price manipulation on the platform.

Conclusion

Ayrex is an offshore binary options broker whose offer and platform are not bad. Yet, it is not regulated, and therefore we cannot recommend it.

After ESMA banned binary options altogether (as of July 2, 2018), there have remained no reliable regulators in this sector. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC). That is why we suggest that investors turn their attention to forex and CFD brokers, whose offering is similar.