Spectre.ai vs SpeedTrader

Spectre.ai or SpeedTrader – which is better for UK traders 2024? Compare Spectre.ai and SpeedTrader in this detailed breakdown of their platforms, features and fees.

Spectre.ai vs SpeedTrader Comparison Table 2024
Spectre.ai SpeedTrader
rating empty
rating full
3.3
rating empty
rating full
3
Spectre.ai is ranked #11 among binary options brokers. SpeedTrader is ranked #118 among UK 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.
SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.
Pros
  • Trades are verified through a decentralized public ledger
  • 100+ assets are available with payouts up to 400%
  • Unique Epochal Price Index Composite (EPIC) assets
  • Privileges and perks can be bought in Trader's Bay
  • Crypto deposits are accepted with no transfer fees
  • The low minimum deposit of $0 will suit new traders
  • A free demo account is available
  • Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST
  • Two powerful platforms with level 1 price data, live news streams, advanced charting and more
  • Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000
  • Competitive fees at $0.0009 per share and $0.25 per options contract
  • Reliable 24/7 customer support via live chat, telephone and email
  • Multiple routing options
  • Short selling aids
Cons
  • Spectre.ai is not regulated by a reputable authority
  • No MT4 integration for advanced chart analysis
  • No copy trading service
  • Only US stocks available, with no forex, commodities or cryptos
  • Not suitable for beginners with a $30,000 minimum deposit
  • Mobile trading is limited to iPhone and iPad users
  • Demo account valid for 14 days only
  • $30 inactivity fee every quarter
  • $35 withdrawal fee
  • No APIs
FCA Regulated
No No

List of FCA Regulated Brokers

Instruments
Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD Stocks, options, bonds, mutual funds
Demo Account
Yes Yes
Minimum Deposit
$0 $30,000
Payment Methods
Minimum Trade
$1 1 Share
Regulator
St. Vincent and the Grenadines FINRA, SIPC
Mobile Apps
Yes Yes
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes - through APIs No
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
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
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Silver
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.
Assets
20
GBPUSD Spread
0.90
EURUSD Spread
0.58
EURGBP Spread
0.90
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.
Spread
Variable
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • BCH
  • LINK
  • UNI
  • AAVE
  • TERRA
  • MKR
  • AVAX
  • SNX
  • COMP
  • SUSHI
  • CAKE
  • FTM
  • YFI
  • UMA
  • RUNE
  • REN
  • ZRX
  • BNT
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.
Payout
400%
Expiration Times
1 second - 1 day
Boundary Options
No No
Ladder Options
No No
Spectre.ai SpeedTrader
More Comparisons
Spectre.ai
vs

SpeedTrader
vs