AZAforex vs Spectre.ai

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

AZAforex vs Spectre.ai Comparison Table 2024
AZAforex Spectre.ai
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3.4
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3.3
AZAforex is ranked #6 among binary options brokers. Spectre.ai is ranked #11 among binary options brokers.
Review
Review
AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.
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
  • Range of crypto, e-wallet, credit/debit card and wire transfer options
  • 16 fiat and 6 crypto account base currencies
  • Loyalty bonuses and rebate program
  • Low minimum deposit of $1
  • Very high leverage up to 1:1000
  • Copy trading and PAMM account
  • Free VPS for VIP accounts
  • Demo account available
  • 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
Cons
  • Unregulated broker reduces its safety score
  • Withdrawal fees for some payment methods
  • Limited educational content and resources
  • Some poor customer reviews
  • No MetaTrader access
  • Spectre.ai is not regulated by a reputable authority
  • No MT4 integration for advanced chart analysis
  • No copy trading service
FCA Regulated
No

List of FCA Regulated Brokers

No
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD
Demo Account
Yes Yes
Minimum Deposit
$1 $0
Payment Methods
Minimum Trade
0.00001 Lots $1
Regulator
St. Vincent and the Grenadines
Mobile Apps
iOS & Android Yes
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
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
Yes 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes - through APIs
Copy Trading
No No
Social Trading
No No
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
  • USD
  • THB
  • VND
  • UAH
  • USD
  • EUR
  • GBP
Commodities
  • Oil
  • Silver
  • Gold
  • Silver
CFD
Trade 200+ CFDs with leverage up to 1:1000 on a powerful proprietary platform. Asset classes include stocks, forex and crypto with ECN execution. You can bet on rising and falling prices with leveraged CFDs.
Leverage
1:1000 1:40
FTSE Spread
Variable N/A
GBPUSD Spread<
Variable 0.9
Oil Spread
Variable N/A
Stocks Spread
Variable Variable
Forex
Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform. 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
72 20
GBPUSD Spread
Variable 0.90
EURUSD Spread
Variable 0.58
EURGBP Spread
Variable 0.90
Cryptocurrency
Invest in 10 popular cryptos such as Bitcoin and Ethereum. A choice of six crypto account base currencies are available plus a welcome bonus for new traders. 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 Variable
Coins
  • BTC
  • BCH
  • DASH
  • ETH
  • LTC
  • USDC
  • USDT
  • XMR
  • XRP
  • 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
AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument. Over 50 binary options are available with a $1 minimum stake and payouts up to 190%. 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
190% 400%
Expiration Times
1 second - 1 day
Boundary Options
No No
Ladder Options
No No
AZAforex Spectre.ai
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