Headquartered in Kingstown, Saint Vincent and the Grenadines, Spectre.ai is an online platform that gives traders access to trade binary options directly on multiple trading instruments across different asset classes, including forex, stocks, bonds, ETFs, indices, CFDs, EPICs and more. They execute trades speedily with minimal risk by using the on-board risk management settings, including capital protection and early closure.
Also, the platform complies with the sharia law, hence, it does not incur interest or any hidden charges, and it is free from fraudulent activities. Traders can choose from a variety of payment methods available on the platform. Nevertheless, the issue of low liquidity for the trades is addressed with a Decentralised Autonomous Liquidity Pool (DALP), which is a tokenized pool of funds which ensures 24-hours liquidity for your trades.
Decentraliezed Trading with Wallet Account Mode
The platform does not mandate traders to make an initial deposit before trading, this allows clients to trade directly from their own metamask or Ledger private Ethereum wallet. With the wallet account mode, Spectre operates as a broker-less platform which enables decentralized trading using blockchain technology. Each and every trade is by verified by secure smart contracts of the Ethereum blockchain and your wining trades' profits will directly debited to your Ethereum wallet. However, trader has to bear the GAS costs associated with execution of the applicable smart contract on the Ethereum blockchain in each trade
Spectre Platform & Tools
Trades are carried out using an in-house-developed trading platform, which can be directly accessed via the website without needing to download any additional software, such as Chrome, Safari, Firefox, or Edge. It features all the basic functionalities to ensure a seamless trading experience, including various technical indicators, charts ranging from one second to one day, and more. There is also the mobile version, which is specifically designed for mobile devices running on the Android operating system, and it can be freely downloaded from the Google Play store. The mobile app has an intuitive user interface, and it also allows traders to place trades and monitor their trading positions even while on the move provided there is an internet connection.
There are other useful trading tools available on the platform. They are standalone trading tools and can help to improve clients' trading experience. These include the trading API, which allows developers to connect to the Spectre.ai trading platform to create, read, and use contents available inside the platform from within the developer's application or website.
The platform is packed with various features that are exclusive to its users. They include some unique asset classes, such as the Epochal Price Index Composite, EPIC for short, which is a compiled data of historical price movements that replicate live data to enable traders to make predictions and place trades as they would with other assets; and the Reverse futures, a brand-new asset class that allows potential traders to perform a retrospective speculation and trade real-world equities, such as Tesla, Facebook, Amazon, and more.
There is also another exciting new feature known as the Trader's bay. It is an inbuilt online store that provides users with many upgrades and privileges at a small daily cost. Moreover, this feature can be switched on and off as desired.
Traders are offered a choice of two live trading account, namely Regular Account and Wallet Account. The Regular Account has a minimum deposit of $10.00 and a minimum trade size of $1.00, while the Wallet Account does not require any initial deposit as it allows you to trade directly from your crypto wallet, thus making the transactions swift and with no extra fees.
Also, a demo account is present on each of the live trading accounts. It allows traders to practice trading with the platform using virtual funds to avoid the risk of losing real money in the course of practicing. The virtual funds are unlimited and do not get to expire, hence they can be accessed anytime you wish to trade on the demo account.
While no deposit is required for the wallet account, for the traditional traders who use the regular account mode, Spectre.ai accepts several payment methods for both account deposit and withdrawal purposes. They include bank wire transfers; credit/debit cards, such as MasterCard, Visa, and UnionPay; and some online payment processors: AdvCash, Neteller, Skrill, PerfectMoney, Boleto and more.
Some payment methods may be unavailable in specific countries while the time taken to process transactions is dependent on the payment method in use. There is no minimum withdrawal amount for each of the available payment methods.
The platform provides traders with access to a knowledgeable customer support team, who are polite and prompt in response. They can be contacted via email, social media, and the Live Chat function at the bottom-right corner of the broker's website. There is also an FAQ section that answers all the common questions that traders may have, along with an online query form.
Spectre.ai is owned and operated by Spectre Trading Limited, which is registered in Kingstown, Saint Vincent and the Grenadines. This company also obtained a sub-license under Nebula Two Ltd in Kazakhstan as a financial service provider. However, they are not regulated by any popular financial authority like CySEC, FCA or ASIC at the moment.
Overall, Spectre.ai is an established online financial trading platform that operates from Kingstown, Saint Vincent and the Grenadines. They allow traders to trade digital contracts on various financial instruments, including its unique EPIC asset class. They operate as a no deposit broker-less platform for the wallet account mode, hence clients' profitable trades are directly get debited their private ETH wallet. Trades are carried out on their proprietary trading platform that is available in the web and mobile versions. There are various trading account options as well as multiple account funding and withdrawal methods for regular account for traditional options traders.