Binary.com vs Spectre.ai

Binary.com or Spectre.ai – which is better for UK traders 2024? Compare Binary.com and Spectre.ai in this detailed breakdown of their platforms, features and fees.

Binary.com vs Spectre.ai Comparison Table 2024
Binary.com Spectre.ai
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4
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3.3
Binary.com is ranked #11 among binary options brokers. Spectre.ai is ranked #11 among binary options brokers.
Binary.com has closed or no longer accepts UK clients.
Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.
Spectre.ai has closed or no longer accepts UK clients.
Spectre.ai is a binary options trading platform that offers an innovative blockchain-based system and proprietary products with payouts up to 400%. Spectre sources liquidity directly from traders with no middleman, and offers a transparent trading environment with all transactions visible on a verified ledger. The broker offers contracts on crypto and forex pairs with flexible expiry times and instant payouts on an easy-to-use bespoke platform and mobile app.
Pros
  • Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets
  • Strong global reputation with decades of experience in the trading industry
  • Beginners can practise strategies in the demo account with unlimited virtual funds
  • Instant deposit methods with minimum funding as low as $5
  • Variety of risk management tools including trading limits and self-exclusion protocols
  • Responsive 24/7 customer support via live chat, telephone, email or WhatsApp
  • Sign up for a CFD or Multiplier account in minutes
  • Trades are verified through a decentralized public ledger
  • 100+ assets are available with payouts up to 400%
  • Unique Epochal Price Index Composite (EPIC) assets
  • Privileges and perks can be bought in Trader's Bay
  • Crypto deposits are accepted with no transfer fees
  • The low minimum deposit of $0 will suit new traders
  • A free demo account is available
Cons
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
  • Spectre.ai is not regulated by a reputable authority
  • No MT4 integration for advanced chart analysis
  • No copy trading service
Awards
  • Best Binary Options Broker 2019 - DayTrading.com
FCA Regulated
No No
Instruments
CFDs, Forex, Stocks, Cryptos Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD
Demo Account
Yes Yes
Minimum Deposit
$5 $0
Payment Methods
Minimum Trade
$1 $1
Regulator
MGA, SC St. Vincent and the Grenadines
Mobile Apps
iOS, Android Yes
Trading App

Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders.

iOS App Rating
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4.2
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Android App Rating
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4.5
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Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies Yes - through APIs
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Silver
CFD
Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere.
Leverage
1:1000 1:40
FTSE Spread
1 pt var N/A
GBPUSD Spread<
1 pip var 0.9
Oil Spread
3 pips var N/A
Stocks Spread
Variable
Forex
Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives. Trade binary options on 18 forex pairs, including a selection of majors, minors and cross pairs such as GBP/USD, EUR/USD and AUD/JPY. Gold and silver binary options are also available paired with USD.
Assets
45+ 20
GBPUSD Spread
1 pip var 0.90
EURUSD Spread
0.5 pip var 0.58
EURGBP Spread
1 pip var 0.90
Cryptocurrency
Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform. Trade some of the most well-known cryptos, including Bitcoin, Ethereum, and Litecoin. Users just have to decide if the price of the digital token will rise or fall over an agreed timeframe.
Spread
BTC 2%, ETH 3% Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • LTC
  • ETH
  • DSH
  • BCH
  • LINK
  • UNI
  • AAVE
  • TERRA
  • MKR
  • AVAX
  • SNX
  • COMP
  • SUSHI
  • CAKE
  • FTM
  • YFI
  • UMA
  • RUNE
  • REN
  • ZRX
  • BNT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector. Spectre.ai offers binary options trading on multiple markets with a $0 starting deposit and payouts up to 400%. No other binary brands match Spectre in terms of payouts.
Payout
91% 400%
Expiration Times
1 second - 1 day
Boundary Options
Yes No
Ladder Options
Yes No
Binary.com Spectre.ai
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