Ayrex Review

Ayrex review
Ayrex Fees Explained

• Ayrex withdrawal fees varies on payment method
• Ayrex does charge a fee for inactive accounts.
• Ayrex does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Ayrex Fees Compare Against Other Brokers

Ayrex review
Ayrex Minimum Deposit

Ayrex require a minimum desposit of 250 GBP/USD when opening an Ayrex trading account.

A minimum deposit is the minimum amount of money required by Ayrex to open a new online brokerage account with them.

Dont be scared off by brokers like Ayrex charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Ayrex review
Ayrex Withdrawal Fees

Ayrex withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

Ayrex for example allow you to withdraw your funds to Skrill, Neteller.

Ayrex review
Ayrex Inactivity Fees

Ayrex does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Ayrex review
Ayrex Desposit Fees

Ayrex does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Ayrex review
Ayrex Commission Fees

Ayrex does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Ayrex review
Trading on Ayrex web platforms and other applications

Ayrex offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An Ayrex IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Ayrex also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Ayrex's platforms

Ayrex review
Is the Ayrex Trading Platform Secure?

Ayrex safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Ayrex also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Ayrex.

Ayrex review
Ayrex Trading Platform Options

Ayrex does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Ayrex offer an their own custom trading platform developed and tested in house. The Ayrex trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades.

The Ayrex platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.

With Ayrex you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Ayrex platform including news and quotes. Discover possible trades with the strong charting tools found with Ayrex. Ayrex is available as downloadable applications or online through the cloud. Monitor your orders with Ayrex and receive breaking news in your positions.

Ayrex Trading benefits :

• Offers STP
• Low min deposit

Ayrex Trading Accounts Offered :

Below we give an overview on the account types that Ayrex offer. Whatever you are looking to trade the varying Ayrex account types will be able to provide you with what you need.

• Demo account
• Mini account
• Standard account
• ECN account
• STP account
• Islamic account

Can I try Ayrex before I buy?

Ayrex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Ayrex withdrawal and funding methods.

Please note that the list of Ayrex payment methods below depend on the Ayrex Entity and the Clients Country of Residence.

All available Ayrex payment methods available to you can be found in your Ayrex members area checked on the Ayrex website.

Ayrex offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Ayrex

Ayrex Payment Methods

• Ayrex accepts Skrill
• Ayrex accepts Neteller

How can I start trading with Ayrex?

When opening a trading account with Ayrex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Ayrex trading platforms here. You will need to provide some basic documentation to prove your identity as part of Ayrex onboarding and normal KYC identity checks. These checks are standard practice and help Ayrex provide a safe financial environment for their 10,000 users.

Your capital is at risk

Performing trades with Ayrex

Ayrex allow you to execute a minimum of trade of $5. This may vary depending on the account you open. Ayrex allow you to execute a maxium trade of $5000. As Ayrex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Ayrex

To trade effectively with Ayrex, it's important to get a have a good understanding of the Ayrex trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Ayrex and externally.

Ayrex offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with Ayrex.

Take time to look around the Ayrex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Ayrex

As part of our Ayrex review we review customer service options, response times and Ayrex trading platform problem resolution effectiveness.Ayrex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Ayrex have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Ayrex less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Ayrex

We tested the Ayrex live chat and it works well. We sent messages to Ayrex livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Ayrex support in multiple languages in multiple countries. Ayrex where able to resolve our customer issues.

Email Support at Ayrex

We sent several emails to Ayrex and answer times overall were excellent. The fastest response from Ayrex was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Ayrex, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Ayrex.

Phone Support at Ayrex

We called Ayrex and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Ayrex phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Ayrex team by calling in varying languages. Ayrex made an effort to make sure our queries were answered.

Overall the phone support from Ayrex was okay.

See how Ayrex Support Compares Against Other Brokers

What you will need to open an account with Ayrex

As Ayrex is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Ayrex Brand may be different.

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Ayrex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Ayrex you can visit the Ayrex trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.ayrex.com/ on February 24, 2021.

Ayrex review written by Andrew Blumer and Mark Hansen