Binarycent vs Spectre.ai
Binarycent or Spectre.ai – which is better for UK traders 2024? Compare Binarycent and Spectre.ai in this detailed breakdown of their platforms, features and fees.
| Binarycent | Spectre.ai |
|---|---|
 |
 |
|
|
| Binarycent is ranked #9 among binary options brokers. | Spectre.ai is ranked #11 among binary options brokers. |
| BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500. |
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 | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Stocks, Cryptos, Options, Commodities | Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD |
| Bonus | |
| 20% to 200% deposit bonus | |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $250 | $0 |
| Payment Methods | |
| Minimum Trade | |
| $0.01 | $1 |
| Regulator | |
| VFSC | St. Vincent and the Grenadines |
| Mobile Apps | |
| iOS, Android | Yes |
| Trading App | |
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience. |
|
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| 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 | |
| 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 | |
| Yes | No |
| Auto Trading | |
| Centobot for binary options | Yes - through APIs |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant. | |
| Social Trading | |
| Yes | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| Yes | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
|
|
| Commodities | |
|
|
| CFD | |
| You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. | |
| Leverage | |
| 1:500 | 1:40 |
| FTSE Spread | |
| Floating | N/A |
| GBPUSD Spread< | |
| Floating | 0.9 |
| Oil Spread | |
| Floating | N/A |
| Stocks Spread | |
| Floating | Variable |
| Forex | |
| Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. | 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 | |
| 25+ | 20 |
| GBPUSD Spread | |
| Floating | 0.90 |
| EURUSD Spread | |
| Floating | 0.58 |
| EURGBP Spread | |
| Floating | 0.90 |
| Cryptocurrency | |
| BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. | 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 | |
| N/A | Variable |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. | 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 | |
| 95% | 400% |
| Expiration Times | |
| 5 seconds - 30 days | 1 second - 1 day |
| Boundary Options | |
| Yes | No |
| Ladder Options | |
| No | No |
| Binarycent | Spectre.ai |
| More Comparisons | |
|
Binarycent vs |
Spectre.ai vs |