Spectre.ai vs IQ Option
Spectre.ai or IQ Option – which is better for UK traders 2024? Compare Spectre.ai and IQ Option in this detailed breakdown of their platforms, features and fees.
| Spectre.ai | IQ Option |
|---|---|
 |
 |
|
|
| Spectre.ai is ranked #11 among binary options brokers. | IQ Option is ranked #96 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. |
IQ Option has closed or no longer accepts UK clients.
IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| No | No |
| Instruments | |
| Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $10 |
| Payment Methods | |
| Minimum Trade | |
| $1 | 0.001 Lots |
| Regulator | |
| St. Vincent and the Grenadines | |
| Mobile Apps | |
| Yes | iOS, Android and Windows |
| Trading App | |
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
|
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 0.2% | |
| 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 | 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 | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| Yes - through APIs | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | 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 | |
|
|
| Commodities | |
|
|
| CFD | |
| IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. | |
| Leverage | |
| 1:40 | 1:500 |
| FTSE Spread | |
| N/A | |
| GBPUSD Spread< | |
| 0.9 | 1 |
| Oil Spread | |
| N/A | 2.3 |
| Stocks Spread | |
| Variable | 2 |
| 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. | IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. |
| Assets | |
| 20 | 60+ |
| GBPUSD Spread | |
| 0.90 | 5 pips |
| EURUSD Spread | |
| 0.58 | 14 pips |
| EURGBP Spread | |
| 0.90 | 15 pips |
| 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. | IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. |
| Spread | |
| Variable | BTC 7%, ETH 12% (Var) |
| 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. | IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. |
| Payout | |
| 400% | 91% |
| Expiration Times | |
| 1 second - 1 day | |
| Boundary Options | |
| No | Yes |
| Ladder Options | |
| No | Yes |
| Spectre.ai | IQ Option |
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| More Comparisons | |
|
Spectre.ai vs |
IQ Option vs |