FXChoice vs Spectre.ai
FXChoice or Spectre.ai – which is better for UK traders 2024? Compare FXChoice and Spectre.ai in this detailed breakdown of their platforms, features and fees.
| FXChoice | Spectre.ai |
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| FXChoice is ranked #97 among CFD brokers. | Spectre.ai is ranked #11 among binary options brokers. |
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FXChoice has closed or no longer accepts UK clients.
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up. |
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, Indices, Commodities, Cryptocurrencies, Shares | Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD |
| Bonus | |
| 50% Welcome Deposit Bonus | |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | $1 |
| Regulator | |
| FSC | St. Vincent and the Grenadines |
| Mobile Apps | |
| iOS & Android | Yes |
| Trading App | |
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | 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 | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | 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 | |
| Yes | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes - through APIs |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes - MQL5 | |
| VPS Hosting | |
| Yes | 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 | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center. | |
| Leverage | |
| 1:200 | 1:40 |
| FTSE Spread | |
| From $18.53 | N/A |
| GBPUSD Spread< | |
| From $8 | 0.9 |
| Oil Spread | |
| From $40 | N/A |
| Stocks Spread | |
| Variable | Variable |
| Forex | |
| Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit. | 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 | |
| 36 | 20 |
| GBPUSD Spread | |
| From $8 | 0.90 |
| EURUSD Spread | |
| From $5 | 0.58 |
| EURGBP Spread | |
| From $6.95 | 0.90 |
| Cryptocurrency | |
| FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. | 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 | |
| 0.11 - 3.0 pips | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| Yes | No |
| Binary Options | |
| 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 | |
| 400% | |
| Expiration Times | |
| 1 second - 1 day | |
| Boundary Options | |
| No | No |
| Ladder Options | |
| No | No |
| FXChoice | Spectre.ai |
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