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 | Spectre.ai |
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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 | |
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Cons | |
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Awards | |
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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. |
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iOS App Rating | |
Android App Rating | |
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 | |
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Commodities | |
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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 | |
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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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