Ayox Trade Forex Broker

Ayox Trade Forex Broker - Complete Information Guide

1. Broker Overview

Ayox Trade, established in 2020, operates as a financial brokerage firm primarily focused on providing trading services in the forex and CFD markets. The company is headquartered in Limassol, Cyprus, and is owned privately. Ayox Trade serves a diverse clientele, including retail and institutional investors, across multiple regions.

Since its inception, Ayox Trade has aimed to simplify the trading experience for its users by offering access to international financial markets. The firm has developed its business model to cater to the growing demand for high-quality broker services, emphasizing advanced technology and customer support. As a subsidiary of 180 Capital, Ayox Trade leverages its parent company's resources to enhance its service offerings and expand its market reach.

The business model of Ayox Trade includes retail forex trading, enabling clients to trade various financial instruments, including currencies, commodities, and indices. The broker utilizes the MetaTrader 5 platform, which is known for its user-friendly interface and advanced trading capabilities, to facilitate trading activities for its clients.

2. Regulatory and Compliance Information

Ayox Trade currently operates without any valid regulatory oversight, which is a significant concern for potential investors. The broker claims to be registered under several regulatory bodies, including:

• Vanuatu Financial Services Commission (VFSC) - License number: 40391
• Lebanese Capital Markets Authority (CMA) - License number: f003173
• Dubai Financial Services Authority (DFSA) - License number: f003327

However, the lack of effective regulation raises red flags regarding the safety of client funds and the overall credibility of the broker. The absence of a robust regulatory framework means that clients may not have access to investor protection mechanisms typically provided by licensed brokers.

Ayox Trade has not provided detailed information about its client fund segregation policies or participation in investor compensation schemes. Furthermore, the broker asserts compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although specifics on these measures are not readily available.

3. Trading Products and Services

Ayox Trade offers a variety of trading products, primarily focusing on forex and CFD instruments. The broker provides access to:

• Over 60 currency pairs, including major, minor, and exotic pairs.
• A range of CFD products covering indices, commodities, stocks, and cryptocurrencies.
• Unique trading options that may include specific regional instruments, although detailed information on these is not extensively outlined.

The broker updates its product offerings regularly, ensuring that clients have access to a comprehensive range of trading instruments to meet their investment needs. Ayox Trade also caters to retail traders with user-friendly services and may offer institutional client services, although details on such services are limited.

Additionally, Ayox Trade does not appear to offer white-label solutions or asset management services, focusing instead on direct trading for its clients.

4. Trading Platforms and Technology

Ayox Trade primarily utilizes the MetaTrader 5 platform for trading activities, which is available for PC and Mac users. The platform is renowned for its advanced features, including:

• Support for automated trading through Expert Advisors (EAs).
• A variety of technical analysis tools and indicators.
• Customizable charts and multiple timeframes.

While Ayox Trade does not currently support mobile applications for iOS and Android, clients can access the platform through web-based solutions. The broker's execution model remains unclear, with indications that it may operate on a Market Making model.

The technical infrastructure of Ayox Trade includes a server located in the United Kingdom, which supports the trading platform. However, the absence of detailed information regarding API access and automated trading capabilities limits the understanding of the broker's technological offerings.

5. Account Types and Trading Conditions

Ayox Trade offers several account types, although specific details about these accounts are somewhat limited. The standard account conditions reportedly include:

• Minimum Deposit: Varies based on the account type.
• Spreads: Starting as low as 0.1 pips for certain currency pairs.
• Commission: Not explicitly stated, but may apply based on trading volume.

For advanced traders, Ayox Trade may provide VIP or professional accounts, which offer enhanced services and potentially lower trading costs. The broker also indicates the availability of Islamic accounts, catering to traders who require compliance with Sharia law.

Ayox Trade does not appear to offer a demo account for practice trading, which is a significant drawback for new traders. Leverage options vary depending on the financial instrument, with maximum ratios typically reaching up to 1:500. The minimum trade size and overnight fees are not clearly defined in the available resources.

6. Fund Management

Ayox Trade supports several deposit methods to facilitate client transactions, including:

• Bank transfers
• Credit cards (Visa, MasterCard)
• E-wallets (Skrill, Neteller, UnionPay)

The minimum deposit requirement varies by account type, with specifics not clearly outlined. Deposit processing times are generally immediate for credit cards and e-wallets, while bank transfers may take longer.

Withdrawal methods are similar to deposit options, but the broker has not provided extensive details on withdrawal limits or processing times. Clients should be aware of potential withdrawal fees, which are not explicitly stated in the available documentation.

7. Customer Support and Educational Resources

Ayox Trade offers customer support through various channels, including:

• Phone: +380 99 952 0263
• Email: info@ayoxtrade.com
• Online chat: Available on the website
• Social media: Active on platforms like Facebook and Instagram

The support team is reportedly available 24/5, covering major time zones to assist clients with their inquiries. The broker provides support in multiple languages, although the exact languages offered are not specified.

In terms of educational resources, Ayox Trade provides limited materials, including market news and analysis, but lacks comprehensive training programs such as webinars or tutorials. Clients may find basic trading tools like calculators and economic calendars available on the platform.

8. Regional Coverage and Restrictions

Ayox Trade primarily serves clients in various international markets, although specific details on regional coverage are not extensively documented. The broker's main office is located in Limassol, Cyprus, indicating a focus on European clients.

However, potential clients should be aware that Ayox Trade does not accept customers from certain jurisdictions, although the exact countries are not detailed in the available information. The broker's operational limitations may impact clients from regions with strict financial regulations.

In summary, while Ayox Trade presents a range of trading options and services, the lack of regulatory oversight and transparency raises significant concerns for potential investors. It is advisable to conduct thorough research and consider safer, regulated alternatives before engaging with the Ayox Trade broker.