The binary trading in South Africa continues to grow even after years of it became widely popular, and that’s mostly due to the inherently straight forward nature of binary options trading. Today, new companies are still challenging the dominance of old-school trading platforms that have been around for years. Ayrex, and while it’s still unlicensed (which makes them unable to work legally with US or Australian traders) they’re very much transparent about who they are and how they work.
Ayrex.com is an innovative worldwide binary options broker. The company dedicated a lot of passion and energy in order to create the best trading platform in the industry.
During its short existence Ayrex has already received several significant awards from the most trusted resources in the world of trading:
- MOST INNOVATIVE BROKER 2015
- BEST TRADING EXPERIENCE 2015
- MOST PROMISING BROKER 2015
- MOST TRANSPARENT BROKER 2016
- BEST CUSTOMER SUPPORT 2016
- BEST BINARY OPTIONS BROKER 2016
- BEST BINARY OPTIONS BROKER 2017
In a nutshell, they’re quite fastidious about doing things right. That’s why they’ve become very popular with South Africans, which comprise about 20% of their traffic. UK residents make up about 7% of the traffic as well.
Perhaps the clearest sign of their trustworthiness is that it’s just as easy to withdraw your money as it is to fund your account. The easiest way is to do this with a credit card such as a Visa Master Card or via an online payment method such as Neteller.
Here, opening an account requires just a minimum amount of $5. That’s all that’s needed. There aren’t any differences in services either whether you have $5 or $10,000 in your account. Everyone has the same level of privileges.
Withdrawing money also has just a $5 minimum, and you can withdraw any amount for free once a month. If you wish to withdraw money more frequently, then you’ll have to pay commission.
What’s really great about the withdrawal process is that it’s basically an automated procedure. You can withdraw your money at any time, including after business hours and on weekends. If it’s your first time to withdraw money for the month, there are no commission fees. You then just need to go through a 2-step process to verify your identity, and then you can withdraw your money in just a few seconds.
This is a totally reassuring sign of transparency and legitimacy. Too many binary options websites make it a point to make the entire withdrawal process painful and protracted, if not downright impossible. With this, you can see for yourself just how easy it is to remove your money, just by depositing $5 into your account.
Plenty of Assets
What kind of asset do you specialize in? It’s likely that specialty is among the assets featured in the Ayrex platform. The most common currency pairs are featured here, along with stocks, commodities, and indices too. There are about 95 assets to choose from.
Here you can invest on the classic high/low options. You can download the program or the app so that you can do this much more securely. Other options include short term opportunities in which the expiry time is in 5 minutes or even 30 seconds. Another option is the touch/no touch proposition.
Honest 30% deposit bonus. The bonus amount depends on the deposit size – traders can get a 10, 20 or 30% bonus. Ayrex doesn’t lock deposits and traders can cancel it at any time. And of course it has realistic fulfillment conditions.
You can get a bonus of 10% or 20% when you fund your account with $500 to $999. If you put in $1,000 or more, then you can get 30%. The rule is that you must trade a total amount of 40 times the equivalent of the bonus within 90 days.
So let’s say you put in $1,000 and agree to a 30% bonus. This gives you total of $1,300 in your account. To avail of the bonus, you must trade a total of $12,000 in 90 days. That’s not so hard—trading just $150 a day can get you a $12,000 trading volume in just 80 days. Once you’ve completed this requirement, and the bonus and the subsequent profits you’ve made off that bonus is yours.
If you don’t want to bother with the bonus, you can then just decline it. This allows you to make any volume of trades without any restrictions. You can then trade $150 a week if that’s more your style.
Here you can make use of the demo platform and you don’t even have to deposit any money. All you need to do is sign up to personalize your demo account. This can make sure that you know what you’re doing. Here you can try out your trading skills and strategies and you can find out for a fact if you will earn money with your calls. You can use the information you glean here to familiarize yourself with the trading platform and you can also modify your tactics to make them more effective.
The demo even has a contest that you can join along with other participants. If you can come out ahead of your competition, you can win $100 right away. These contests come out frequently and the site gives out $3,600 in prizes every month. So you can perfect your tactics and you can earn money even before you trade for real.
A quick look at the demo shows you just how easy it is to use. You can pick from short term, high/low, and one touch. You have a list of actively trading assets, and you can pick one. Enter the amount you want to invest and you get the potential profit listed right away. There’s a real time graph of the asset’s movement, and when you make a call the timer counts down as you monitor the movement. If you’re right, then the profit is automatically added to your account. If you’re wrong, your investment amount is subtracted.
It is true that there’s not much here in terms of education. Ayrex assumes you can provide for your own education from other sites. There’s just a platform manual showing you what to do to make trades, but you’re on your own in figuring out how to make trades correctly.
Aside from this drawback (and the lack of a license), everything here seems to check out. Plenty of South Africans have picked this, and you may as well pick it too. Ayrex seems alright—it’s easy to open an account, it’s easy to use, and getting back your money is easy to do as well.