Spectre.ai vs Deriv.com
Spectre.ai or Deriv.com – which is better for UK traders 2024? Compare Spectre.ai and Deriv.com in this detailed breakdown of their platforms, features and fees.
Spectre.ai | Deriv.com |
---|---|
Spectre.ai is ranked #11 among binary options brokers. | Deriv.com is ranked #97 among CFD brokers. |
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. |
Deriv.com has closed or no longer accepts UK clients.
Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5. |
Pros | |
|
|
Cons | |
|
|
FCA Regulated | |
No | No |
Instruments | |
Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD | CFDs, Multipliers, Forex, Stocks, Indices, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $5 |
Payment Methods | |
Minimum Trade | |
$1 | 0.01 Lots |
Regulator | |
St. Vincent and the Grenadines | MFSA, LFSA, VFSC, BFSC |
Mobile Apps | |
Yes | iOS & Android |
Trading App | |
Deriv GO shines with its straightforward app design and diverse trading opportunities, from traditional markets to custom indices that simulate real-world markets and offer 24-hour trading, including on weekends. The in-app chat assistance, which can’t be found at many alternatives, is also fast and reliable, providing an important layer of support for new users. |
|
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | Yes |
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 | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Yes - through APIs | Expert Advisors (EAs) on MetaTrader, DBots |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
Deriv allows clients to replicate the positions of experienced traders through signals on DMT5. You can receive signals in real-time and decide whether to action trades in your own account. The best part is that the process of copying is fully automated, which is ideal for beginners seeking a hands-off approach. | |
Social Trading | |
No | No |
Trade Signals | |
DMT5 | |
VPS Hosting | |
No | No |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | $25 |
Islamic Account | |
Yes | No |
Account Currencies | |
|
|
Commodities | |
|
|
CFD | |
You can trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. There are plenty of charting tools available for technical traders, including over 20 indicators in the Deriv Trader platform. New users can also open an account and start trading CFDs instantly. | |
Leverage | |
1:40 | 1:1000 |
FTSE Spread | |
N/A | 0.5 |
GBPUSD Spread< | |
0.9 | 0.5 |
Oil Spread | |
N/A | 0.018 |
Stocks Spread | |
Variable | 0.07 |
Forex | |
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. | Clients can go long or short on a string of major, minor and exotic currency pairs. Spreads on EUR/USD are competitive at 0.5 pips, only marginally trailing the 0.4-pip spreads at alternatives like Alpari. Forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader. |
Assets | |
20 | 30+ |
GBPUSD Spread | |
0.90 | 0.5 |
EURUSD Spread | |
0.58 | 0.5 |
EURGBP Spread | |
0.90 | 0.5 |
Cryptocurrency | |
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. | Deriv.com continues to offer a strong selection of 30+ crypto pairs - this is more than double the range offered at our leading competitor, IQ Cent. 1:2 leverage is also available so you can magnify potential returns, and there are no commissions which is ideal for newer traders. |
Spread | |
Variable | From 0.5 |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | 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. | Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year on a secure platform with responsive customer support. |
Payout | |
400% | 100% |
Expiration Times | |
1 second - 1 day | 15 seconds to 365 days |
Boundary Options | |
No | Yes |
Ladder Options | |
No | Yes |
Spectre.ai | Deriv.com |
More Comparisons | |
Spectre.ai vs |
Deriv.com vs |