Spectre.ai vs IQ Option

Compare Spectre.ai and IQ Option in this side-by-side table listing each broker’s features, platforms, instruments and much more.

Spectre.ai vs IQ Option Comparison Table 2024
Feature Spectre.ai IQ Option
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3.3
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Summary

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.

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.

Forex Trading
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.

Crypto Trading
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 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.

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%+.

CFD Trading
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.

Forex Trading
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.

Crypto Trading
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.

Warning RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Awards
  • Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
  • Best Binary Broker 2021 - DayTrading.com
Bonus None None
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
Minimum Trade $1 0.001 Lots
Expiry Times 1 second - 1 day
Ladder Binary Options No Yes
Boundary Binary Options No Yes
Payment Methods
  • ADVcash
  • Bitcoin Payments
  • Boleto
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • FasaPay
  • Finrax
  • Neteller
  • Paysafecard
  • Perfect Money
  • PIX Payment
  • Skrill
  • UnionPay
  • Visa
  • Wire Transfer
  • ADVcash
  • Alipay
  • Boleto
  • Credit Card
  • GlobePay
  • Maestro
  • MoneyGram
  • Perfect Money
  • QIWI
  • Skrill
  • Sofort
  • Vietcombank Transfer
  • Wire Transfer
  • Yandex Money
Regulator St. Vincent and the Grenadines
Mobile Apps Yes iOS, Android and Windows
Auto Trading Yes - through APIs
Copy Trading No No
Social Trading No No
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
VPS Hosting No No
Tournaments Yes Yes
Demo Competitions No No
Ethical Investing No No
Islamic Account Yes Yes
Account Currencies USD, EUR, GBP USD, EUR, GBP, ZAR
Stock Exchanges
  • Nasdaq
  • New York Stock Exchange
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
Commodities
  • Gold
  • Silver
  • Oil
  • Gold
CFD Trading No Yes
CFD Leverage 1:40 1:500
CFD GBPUSD Spread 0.9 1
CFD Oil Spread 2.3
CFD Stocks Spread Variable 2
Forex Trading Yes Yes
Forex 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 synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.

Forex GBPUSD Spread 0.90 5 pips
Forex EURUSD Spread 0.58 14 pips
Forex EURGBP Spread 0.90 15 pips
Forex Assets 20 60+
Crypto Trading Yes Yes
Crypto Spread Variable BTC 7%, ETH 12% (Var)
Crypto Coins
  • AAVE
  • AVAX
  • BCH
  • BNT
  • BTC
  • CAKE
  • COMP
  • DSH
  • ETH
  • FTM
  • LINK
  • LTC
  • MKR
  • REN
  • RUNE
  • SNX
  • SUSHI
  • TERRA
  • UMA
  • UNI
  • YFI
  • ZRX
  • BCH
  • BTC
  • DASH
  • EOS
  • ETC
  • ETH
  • LTC
  • OMG
  • QTUM
  • TRX
  • XRP
  • ZEC
Crypto Lending No No
Crypto Mining No No
Crypto Staking No No
Crypto Auto Market Maker No No
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3.3
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United States NOT accepted
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4
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FAQ

Is Spectre.ai or IQ Option better?

We have rated IQ Option (80%) higher than Spectre.ai (66%), but the overall rating can't be the only determining factor. For example, does Spectre.ai accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use the comparison table to see if Spectre.ai or IQ Option is best for you.