Trading212 vs Spectre.ai

Trading 212 vs Spectre.ai Comparison Table 2023
Trading 212 Review 2023 Spectre.ai Review 2023
2.3
We do not recommend Trading212. Margin requirement changes made with no notice leave traders exposed to additional risk, and a mobile app rating of just 1.1* illustrates a serious issue with user satisfaction
Spectre.ai Review 2023 has closed.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Trading 212 is a European-regulated CFD, stock and ETF broker that also offers ISA accounts. Traders can access markets through a proprietary trading platform and speculate on the movements of 1800+ tradeable instruments including forex, stocks, ETFs and commodities.

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.

Comment by Reviewer
"Trading212 falls short of the standards we expect from online brokers. A subpar mobile trading app and questionable changes to margin requirements have eroded user confidence. There are better alternatives for day traders." "Spectre.ai is a good option for binary options traders with an eye for innovative technology and flexible contract lengths."
Pros
  • Demo account with virtual funds
  • Portfolio copy trading functionality
  • Low minimum deposit requirement
  • A suite of educational resources
  • Commission-free trading across a range of assets
  • 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
  • No access to MT4 or MT5
  • Execution-only brokerage with no managed account option
  • Questionable operating practices and treatment of customers
  • Some products such as options and cryptocurrency are not offered
  • Low account and fund safety score
  • Spectre.ai is not regulated by a reputable authority
  • No MT4 integration for advanced chart analysis
  • No copy trading service
Instruments
Forex, CFDs, Indices, Shares, Commodities, ETFs Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD
Demo Account
Yes Yes
Minimum Deposit
$1 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, CySEC, FSC St. Vincent and the Grenadines
Margin Trading
Yes Yes
STP Account
Yes 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android Yes
Auto Trading
AutoInvest portfolio Yes - through APIs
Copy Trading
Yes No
Copy Trading Platform
Trading 212 offers a portfolio copy trading service which is user-friendly and suitable for beginners
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • SEK
  • NOK
  • CHF
  • CZK
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on thousands of instruments, including forex, equities, commodities, indices, bonds and futures. The selection of asset classes is decent, but the trading software, particularly the mobile app, lags behind competitors. CFD trading not offered
Leverage
1:30 1:40
FTSE Spread
2.5 points N/A
GBPUSD Spread
0.00028 pips 0.9
Oil Spread
0.4 pips N/A
Stocks Spread
0.2% Var Variable
Forex Trading
Trade 170+ major, minor and exotic forex pairs with floating spreads and leverage up to 1:30. Forex futures are also available on some currency pairs. However the forex broker has a track record of amending margin requirements without appropriate notice. 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.
Forex App

Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.

 

GBPUSD Spread
0.00028 pips 0.90
EURUSD Spread
0.00015 pips 0.58
EURGBP Spread
0.00044 pips 0.90
Assets
170+ 20
Cryptocurrency
Crypto trading not offered 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
Binary options trading not offered 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%
Expiry Times
1 second - 1 day
Ladder Options
No No
Boundary Options
No No
Spectre.ai Review 2023 has closed.
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