SPECTRE.AI Review

 

 

Overall SPECTRE.AI is a trustworthy and reliable broker with an overall rating of 6 out of 10. SPECTRE.AI has a maximum leverage of 1:40, only on Forex.

 

SPECTRE.AI at a Glance

 

🔎 Broker's Name	SPECTRE.AI
📍 Headquartered	Grand Cayman, Cayman Islands
📅 Year Founded	2019
⚖️ Regulating Authorities	Not traditionally regulated
🌐 Countries not accepted for trade	Costa Rica, USA, British Virgin Islands, Cayman Islands, Iran, Venezuela, United Kingdom, Syria, Somalia, North Korea, and Yemen
☪️ Islamic Account (Swap Free)	Yes
👍 Demo Account	Yes
📊 Institutional Accounts	Yes
📊 Managed Accounts	Yes
📈 Maximum Leverage	1:40, only on Forex
💰 Minimum Deposit	$ 25 / R 431,94 (0.10 Ether)
💳 Deposit Options	Fasapay, UnionPay, Advanced Cash, Ether, Help2Pay, Skrill, Neteller, UpHold (credit card, bank transfer or cryptos), PaySafeCard
💳 Withdrawal Options	Fasapay, UnionPay, Advanced Cash, Ether, Help2Pay, Skrill, Neteller, UpHold (credit card, bank transfer or cryptos), PaySafeCard
💻 Platform Types	Own platform
📱 OS Compatibility	Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
📈 Tradable Assets	Forex pairs, cryptocurrency/fiat currency pairs, and some commodities.
👨‍💼 Languages supported on Website	German, English, Japanese, Vietnamese, Chinese
👥 Customer Support Languages	German, English, Japanese, Vietnamese, Chinese
📆 Customer Service Hours	24/7
👉 Open a account	👉 Click Here

 

 

SPECTRE.AI Review – 22 key points quick overview:

 

1. SPECTRE.AI at a Glance
2. SPECTRE.AI Review – 22 key points quick overview:
3. SPECTRE.AI Overview
4. SPECTRE.AI Safety and Security
5. SPECTRE.AI Leverage
6. SPECTRE.AI Accounts
7. SPECTRE.AI Market instruments
8. SPECTRE.AI Fees
9. SPECTRE.AI Deposit and withdrawal
10. SPECTRE.AI Trading platforms
11. How to open a SPECTRE.AI account step by step
12. SPECTRE.AI Customer support
13. SPECTRE.AI Education
14. SPECTRE.AI Research
15. SPECTRE.AI Awards
16. SPECTRE.AI vs Etoro vs XM – Comparison Table
17. SPECTRE.AI Best Countries by Traders
18. SPECTRE.AI Customer Reviews
19. SPECTRE.AI Pro and Cons
20. Conclusion
21. Disclaimer
22. Frequently Asked Questions

 

SPECTRE.AI Overview

 

 

According to research in South Africa SPECTRE (short for Speculative Tokenized Trading Exchange) is an Asian broker, a decentralized trading platform built on the Ethereum blockchain.

 

It offers Smart Options (similar to binary options) on currency pairs, commodities, and certain cryptocurrency/fiat currency pairs.

 

SPECTRE opened in April 2019 for traders.

 

SPECTRE.AI Safety and Security

 

 

One of the best benchmarks to measure the safety of a broker like SPECTRE is to establish which regulating authorities are watchdogs over its actions.

 

SPECTRE is an offshore broker, incorporated in St. Vincent & the Grenadines as an International Business Company.

 

Due to its nature of business, SPECTRE is not affected by ESMA regulations and can offer Smart Options to its EU clients.

 

SPECTRE.AI Leverage

 

 

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

 

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

 

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

 

SPECTRE is a blockchain-based binary options broker and leverage is unavailable on most assets, except for forex, where up to 1:40 leverage is available.

 

SPECTRE.AI Accounts

 

   

A forex account at SPECTRE is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

 

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

 

Although most binary options providers don’t have demo accounts, SPECTRE offers demo Ethereum accounts. This account is not limited in time.

 

Other accounts offered:

Wallet Account

There are no deposits and withdrawals. Instead of depositing money, you trade directly from a digital wallet and transact directly between your wallet and the markets.

Winnings are sent straight back to the wallet, ensuring fewer transaction fees. The minimum trade value is $50.

 

Regular Account

A minimum of 0.10 ether (Ethereum), about $21.00 or 18.00 euro, can be deposited into a privately escrowed Ethereum wallet. The trades are confirmed through the Blockchain, so there is no opportunity for funds to be manipulated. If you withdraw winnings, the money goes from that Ethereum wallet to your private Ethereum wallet.

The minimum trade size on a regular account is $1.

With a Regular trading account, there are small deposit and withdrawal fees. Withdrawal times for accounts funded from offsite Ethereum wallets are 24 hours.

SPECTRE trading is fully Shariah compliant and allows clients of Islamic faith to trade with them.

 

 

SPECTRE.AI Market instruments

 

 

The most popular market instruments available from most brokers for trading include:

 

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

 

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

 

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies in a nation.

 

Precious metals

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

 

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.

 

Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

SPECTRE offers the following of the above: Smart Options on forex pairs, cryptocurrency/fiat currency pairs, and some commodities.

It is made up of 18 forex pairs, 10 cryptocurrency/fiat currency pairs, and 2 commodities: XAG/USD (silver) and XAU/USD (gold).

 

SPECTRE.AI Fees

 

 

Cost depends on different factors, like spread and margins, and SPECTRE clients may also experience different fee structures according to their country or place of residence.

 

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

 

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

 

SPECTRE works on a fee system, with no commissions, and spreads are tighter than with most other brokers. For example, the average spread for the EUR/USD with SPECTRE is less than 6 pips.

 

With SPECTRE you only pay the gas costs for every trade and payouts when trading from a Wallet account and with a Regular trading account, there are small deposit and withdrawal fees.

 

SPECTRE.AI Deposit and withdrawal

 

 

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.

 

In the case of SPECTRE, you technically don’t deposit anything, but an Ether equivalent of $10 is required to create an account.

 

The SPECTRE system allows users to connect their Ethereum wallet to the platform and funds can be credited and debited via a secure portal.

 

 

You can also use the fiat wallet (deposit in USD, EUR, etc., or Ether) and trade centralized. Other deposit methods include:

Fasapay (Indonesia, Vietnam, Thailand, and Malaysia)

UnionPay (China)

Advanced Cash or adv cash (South America, Russia, Europe)

Ether (anywhere in the world, except restricted countries)

Help2Pay (Malaysia, Thailand, Indonesia, and Vietnam)

Skrill

Neteller

UpHold (credit card, bank transfer, or cryptos)

PaySafeCard

 

Withdrawals are easy if you are using a stand-alone wallet. Funds paid into the SPECTRE wallet may take 24 hours to show in your exchange wallet. Earnings paid to stand-alone wallets are paid to that address instantaneously and will be available for exchange or withdrawal immediately.

 

 

SPECTRE.AI Trading platforms

 

 

The forex trading platform provided by SPECTRE to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

 

SPECTRE is a broker’s platform and does not use traditional trading platforms, but the Spectre binary options trading platform features all the essential information needed by traders.

 

Traders can choose between 28 currency pairs, chart times, and a daily chart. Candlestick charts with on-chart technical analysis indicators and tools allow you to conduct manual technical analysis directly on the trading charts.

 

How to open a SPECTRE.AI account step by step

 

Opening a demo account with SPECTRE is a relatively simple process, which will consist of the following steps:

 

Step 1 – Open Your Account

Visit the SPECTRE website, Click on “SIGN UP NOW” in the bottom left-hand corner of the website

 

 

Step 2 – Fill out the form

Similarly to a bank, to register a forex trading account with SPECTRE for the first time, you will be required to go through a basic “know your customer” process, which will allow SPECTRE to ascertain that your submitted details and ensure the safety of your funds and account details.

 

 

 

SPECTRE.AI Customer support

 

 

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

 

In the case of SPECTRE, customers can reach the support team by means of opening up a chat box on the screen while trading.

 

Traders can also provide a name and contact details to send a direct message.

 

SPECTRE.AI Education

 

 

Before starting to trade, potential clients of SPECTRE should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

 

SPECTRE does not offer any specific educational content to new traders.

 

SPECTRE.AI Research

 

 

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.

 

With SPECTRE they have access to technical indicators, including Ichimoku, Bollinger Bands, moving averages, Awesome Oscillator, RSI, CCI, and stochastics.

 

A built-in Economic Calendar helps traders to keep a close eye on economic events.

 

 

SPECTRE.AI Awards

 

 

Being an awarded company instills extra confidence in traders.  Although SPECTRE is acclaimed by customers, there is no indication of awards won on its homepage.

 

SPECTRE.AI vs Etoro vs XM – Comparison Table

 

🔎 Broker	🥇SPECTRE.AI	🥈 eToro	🥉 XM
💰 Minimum Deposit	$ 25 / R 431,94 (0.10 Ether)	$1000 USD	$5 USD
📝 Sign-Up Bonus	☑️ Yes	☑️ Yes	☑️ Yes
➕ Max. Leverage	1:40, only on Forex	1:400	1:888
💵 Currency Pairs	–	47	57
🚀 Open an Account	👉 Click Here	👉 Click Here	👉 Click Here

 

SPECTRE.AI Best Countries by Traders

 

🌎 Country of Trade	📌 % of Traders
🥇 Brazil	57.01%
🥈Italy	18.78%
🥉Dominican Republic	4.67%
🥈Philippines	4.03%
🥇Belgium	3.09%

 

 

SPECTRE.AI Customer Reviews

 

Analytics & Ease of use

Traders can directly track their performance on the platform. I utilize the analytics that is directly on the platform to keep track of my progress and stick to my daily targets. I’ve come to learn that it is easy to overtrade with specter because the platform offers such a pleasant trading experience and simplifies trading processes. I would recommend using this feature for traders who want to keep track of goals, & performance. You use this tool to manage trading discipline as well.

no concerns

nice broker, no problems for now.

Withdrawals, transparent pricing

There are many withdrawal options, and my withdrawal has never been delayed. The pricing here is also very transparent; the platform does not reduce my money unnecessarily, and the charges are low cost.

SPECTRE.AI Pro and Cons

 

✔️ Pros	❌ Cons
Blockchain-based binary options broker	Only regulated in St Vincent & Grenadines
Demo account offered
No deposits and withdrawals needed

 

Conclusion

 

Overall,  SPECTRE.AI is a  trustworthy and reliable broker that provides traders with ample digital tools. SPECTRE.AI  is a broker’s platform and does not use traditional trading platforms. SPECTRE.AI  Maximum Leverage is 1:40, only on Forex.

 

Disclaimer

 

SPECTRE warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with SPECTRE, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

SPECTRE warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence SPECTRE cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

 

Frequently Asked Questions

 

How many instruments can I trade with SPECTRE?

With SPECTRE you can trade the following:

Smart Options on forex pairs, cryptocurrency/fiat currency pairs, and some commodities.

 

Which platforms are supported by SPECTRE?

SPECTRE provides its own trading platform

 

Does SPECTRE offer leverage?

Yes, SPECTRE offers maximum leverage of up to 1: 40 on Forex

 

What spreads can I expect with SPECTRE?

More information should be obtained from customer support.

 

What is the overall rating out of 10 for SPECTRE?

6/10