Spectre.ai
Spectre.ai is not a traditional middle-man broker. Instead, it is a type of trading platform that relies on the Ethereum network. It is not a stand-alone blockchain network, as it utilizes an ERC-20 protocol built on the Ethereum network.
With Spectre.ai, smart-contract trades are settled immediately as they expire and are verified by the Ethereum blockchain network. Trades are logged in a blockchain which uses a publicly distributed ledger.
You can use Spectre.ai to gain exposure to underlying assets such as stocks, commodities, forex, cryptocurrency, and indices. Deposits and withdrawals can be made in Bitcoin, Ether and USD.
Does Spectre.ai offer a free Demo Account?
Yes, you can explore Spectre.ai using a free Demo Account.
Can I trade using mobile devices?
Yes, mobile trading apps are available for smartphones and tablets.
Do I need to make a big deposit to get started?
No, the minimum deposit is just $10 (or the eqvivalent) and the minimum trade size is $1, so you do not need to make a big deposit to get started using Spectre.ai.
Trading
Spectre.ai offers smart-contracts and traders can utilize binary options, CFDs and reverse futures.
Examples of available underlying asset types are stocks, commodities, bonds, indices, forex, and cryptocurrency.
Stocks: A majority of the available stocks are shares in companies listed on NYSE or Nasdaq.
Commodities: Speculate on commodities such as gold and silver.
Forex: Chose between 20+ currency pairs.
Cryptocurrency: Spectre.ai has a broad range of cryptocurrencies available for speculation.
- AAVE
- AVAX
- BCH
- BNT
- BTC
- CAKE
- COMP
- DSH
- ETH
- FTM
- LINK
- LTC
- MKR
- REN
- RUNE
- SNX
- SUSHI
- TERRA
- UMA
- UNI
- YFI
- ZRX
Binary option information
Types available: Only High/Low. You can not find ladders, boundary options, etcetera here.
Lifespans: From 1 second to 1 day. Spectre.ai is suitable for daytraders only, not for intraday traders.
Payouts: The highest possible is 200% but it is much more common for the payout to be around 75%.
Comission
Spectre.ai does not charge commissions on trades.
Spreads
The spreads are competatively tight.
Forex EURUSD Spread: 0.58
Forex GBPUSD Spread: 0.90
Forex EURGBP Spread: 0.90
CFD GBPUSD Spread: 0.9
Leveraged trades
For most underlying assets, you will not be able to use leverage at Spectre.ai. There are some exceptions though. It is for instance possible to use up to 40x leverage for speculation on certain forex pairs.
You will not have Negative Account Balance Protection when using leverage here.
Automated trading
Automated trading is available through APIs.
What is DALP?
The acronym DALP means Decentralized Autonomous Liquidity Pool. Spectre.ai utilizes a Decentralized Autonomous Liquidity Pool worth the equivalent of $4.5+ million USD and it comes into play when orders can not be matched within the order book.
The system will always try to match new orders against the book first, but if no match is found, the system will execute the order against the DALP instead.
EPIC speculation
The Epochal Price Index Composite (EPIC) provides an aggregate of past market movements and mimics live markets. Speculation on EPIC has been available since late 2019.
Deposits & Withdrawals
Originally, Spectre.ai was only available to ETH users, so if you are looking at older reviews online you might see that information. Today, Spectre.ai is also accepting traditional currencies and non-crypto transaction methods for both deposits and withdrawals. You can for instance make deposits in USD using a VISA credit/debit card, a wire transfer, or an e-wallet such as Skrill or Neteller. When it comes to cryptocurrency transactions, you can use both Ethereum Transfers and Bitcoin Transfers.
Important: In some jurisdictions, traders are still only able to use cryptocurrency transfers.
Examples of accepted transaction methods
- Certain debit/credit cards, including VISA
- Wire Transfer
- Bitcoin Payments
- Ethereum Payments
- ADVcash
- Boleto
- FasaPay
- Finrax
- Neteller
- Paysafecard
- Perfect Money
- PIX Payment
- Skrill
- UnionPay
Account currencies
- USD
- EUR
- GBP
Regulation
Spectre.ai is regulated in Saint Vincent & the Grenadines, a small island nation in the Caribbean. This country does not require Negative Account Balance Protection for retail traders and they have also not banned the sale and distribution of binary options to non-professional traders.
Q&A
What are the trading hours?
Trading takes place 24/7.
Are speciality accounts available?
Spectre.ai offers a Muslim / Islam / Halal / Sharia Account. Other speciality accounts are not available.
- Ethical Investment Account: No
- Indian Demat Account: No
- DMA Account: No
- ECN Account No
- LAMM Account: No
- MAM Account: No
- PAMM Account: No
- STP Account: No
Can I use Spectre.ai for copy trading?
No, this platform does not have any built-in support for copy trading.
Can I use my Spectre.ai account with a third-party trading platform such as MT4 or cTrader?
No, Spectre.ai can not be used together with third-party trading platforms.
Does Spectre.ai have trading tournaments?
Yes
Is VPS hosting available?
No, Spectre.ai does not offer Virtual Private Server (VPS) hosting.
Will I get a personal acccount manager at Spectre.ai?
No, there are no account managers or similar available.