Ayrex Review Scam Complaint
Ayrex Review – An Introduction
Ayrex is a binary options broker owned and operated by offshore company named, Advanced Binary Technologies Ltd. The company is registered in St Kitts and Nevis. It is an unregulated broker that offers its clients a basic type of live trading account, a demo account and an Islamic swap-free account. The trading conditions of this broker look rather good but the main concern with it is that the broker is not a legitimate one. But, it is suggested to go through Ayrex review, as they claim to have a solid experience in the financial market.
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About the Ayrex:
Ayrex is a binary options trader that started its business in 2014, and claims to have built a solid reputation in the market. However, the fact is despite being established in 2014 the broker still doesn’t hold any license from the financial authority. The broker offers attractive payouts and good selection of assets. It claims payouts reaching 85% on high/low trades.The broker also has a diversified product portfolio, consisting of forex, stocks, commodities, equity indices, and Bitcoin. Ayrex uses a web based proprietary trading platform which is simple and functional, and mobile apps are also available for the same. The broker brags about an execution of 0.028 sec, which sounds great.
Ayrex binary options broker offers trading in binary options that are mostly short term that is ranging from 30 seconds to 5 minutes. Most binary traders will do better if they start out with longer term options which last at least a few hours and to even days, and then work their way up to 30 or 60 seconds. Binary options trading is either prohibited or restricted in most of the jurisdictions and Ayrex is one of the unregulated binary options broker, therefore it seems to be a scam broker as it is operating illegally.
Is Ayrex legit or scam?
As mentioned above, Ayrex is registered in St Kitts and Nevis, the islands on which the financial authorities, like the Financial Services Regulatory Commission regulate only banks and don’t bother about the forex and binary options brokers that are registered on this island. Investing with unregulated brokers is always associated with significant risk of losing your investments to scammers. Unregulated brokers are not accountable to any of their clients and not ever for how they handle client’s money and quite often traders, dealing with such brokers, have problems withdrawing their funds.