Spectre.ai vs eToro
Spectre.ai or eToro – which is better for UK traders 2024? Compare Spectre.ai and eToro in this detailed breakdown of their platforms, features and fees.
Spectre.ai | eToro |
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Spectre.ai is ranked #11 among binary options brokers. | eToro is ranked #14 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. |
eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail CFD accounts lose money. |
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $50 |
Payment Methods | |
Minimum Trade | |
$1 | $10 |
Regulator | |
St. Vincent and the Grenadines | FCA, ASIC, CySEC, FSA, FSRA, MFSA |
Mobile Apps | |
Yes | iOS & Android |
Trading App | |
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1% | |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | Yes |
STP Account | |
No | Yes |
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 | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Yes - through APIs | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | $10 |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. | |
Leverage | |
1:40 | 1:30 |
FTSE Spread | |
N/A | 1.5 |
GBPUSD Spread< | |
0.9 | 1.9 |
Oil Spread | |
N/A | 0.05 |
Stocks Spread | |
Variable | 0.57 (Apple) |
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. | An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. |
Assets | |
20 | 55 |
GBPUSD Spread | |
0.90 | 1.9 |
EURUSD Spread | |
0.58 | 0.9 |
EURGBP Spread | |
0.90 | 1.3 |
Currency Indices | |
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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. | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more |
Spread | |
Variable | BTC 1% |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
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. | |
Payout | |
400% | |
Expiration Times | |
1 second - 1 day | |
Boundary Options | |
No | No |
Ladder Options | |
No | No |
Spectre.ai | eToro |
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. | |
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