Ayrex

Brief information about Company X

Company X is a broker specializing in trading binary options. It was founded in 2014. The company was established by Advanced Binary Technologies Ltd. The main office is located in St. Kitts and Nevis, an offshore country in the Caribbean Sea. Company X does not serve clients who are residents of the USA, Middle Eastern countries, and North Korea.

Trading accounts

Company X offers one standard account with a minimum investment of 5 US dollars / euros and a maximum of 10,000 US dollars / euros. Additionally, Company X provides the option to open an Islamic account where traders following Sharia principles can trade without interest rates, hidden commissions, and rollovers. Company X has developed a special “halal” platform for this account.

Company X offers a wide range of currency pairs and 35 types of stocks of major companies as trading instruments.

Broker’s features

Company X claims to be one of the fastest trading platforms in the market: 99.95% of trades occur in less than 28 ms. One of the unique features of Company X is their refund policy. Every client has the right to request a full or partial refund. The refund verification process may take up to 10 business days. Refunds are only applicable to funds deposited by the client into their trading account.

Option characteristics

• High-Low – a classic type of binary option that is highly popular. A trader profits if they correctly predict whether the closing price will be higher or lower than the opening price. This option includes an early closure feature.
• Short-term options – a popular type of options with a short execution period and high profitability at high stakes.
• Touch / No Touch – a special type of option where the trader predicts whether the asset price will reach a specified level beforehand.

Deposits and withdrawals

Clients can withdraw funds from their account at any time. The same details are used for deposits and withdrawals to prevent money laundering. When using credit/debit cards for deposit, the broker may request a photo of the card for security purposes.

Conclusion

Company X is a successful platform with advanced functionality. However, there are reviews online where real traders express their negative experiences with trading on Company X.