Spectre.ai review – Should you sign up? – Pros and cons

Rating:Assets:Minimum deposit:Return:
4 out of 5 stars (4 / 5)Crypto, digital contracts$ 10Up top 90%+
Spectre.ai official website

Spectre.ai is one of the best online broker platforms for binary options traders. It allows you to trade cryptocurrencies, stocks, commodities, and other assets. The company offers CFD trading and digital contracts. With the help of world-class auditing technology, Spectre.ai can give you unparalleled transparency in trading.

Established in 2017, Spectre.ai has appeared as the ideal platform for blockchain-based trading with revolutionary technology. Therefore, the company is mainly entitled to become a tech provider rather than a financial trading company. 

This Cayman Islands-based company has an influential global presence. The investors are incredibly impressed by the company’s business models across the world. The company has also entered the Asian Trading community along with European countries. Spectre.ai also started investing in the Initial Coin Offering. 

(Risk warning: your capital can be at risk)

Trading platform review:

Spectre.ai trading platform

Spectre.ai is a free system with no commissions and a tighter spread rate. The platform provides a better amount of spread than most other Forex brokers. For example, maximum forex brokers have an average distance of 12 pips for EUR/USD, while Spectre.ai has less than six pips. For better execution and higher win rates, less spread must be overcome before profitability.

The uniqueness of this platform is its proprietary software which does not tag up with third-party applications. Spectre.ai avoids juggling multiple advanced tools; they focus on a specific approach to what they offer with the binary options.

Easy login is another biggest advantage of the Spectre.ai. You can use more than 30 indicators in chart movements. Plus, the sorted-out charts will massively help a user with the movement records between 1 second and one day.

Lower payouts (approximately 75%) than most EU/CySEC brokers on binaries might be considered a downside of Spectre.ai. But when you start winning, it will not be a matter of concern.

Spectre.ai’s built-in automated API capable trading is another exciting feature. This platform has bots-powered AI. Therefore, the traders will make smarter decisions to eliminate maximum risk factors. In the following table, you can get the required information. 

Compatibility for Spectre.ai YES/NO
The desktop platform of windows and Mac YES
Mobile site platform  YES
Android and iOS app platform  YES
Real-time updates YES
Live MarketsYES
Multi-Account ManagementYES
Global IndicesYES

(Risk warning: your capital can be at risk)

Commissions and brokerage 

Spectre.ai payout examples

Spectre.ai offers a limited range of products and services by focusing on specific investment forms. So, the pricing structure of this platform is quite interesting. 

Firstly, Spectre.ai allows you to get spread-free financial assets. However, the company also charges reasonable fees for spreads. So, we suggest you contact the company’s support team for more detailed information. 

In Spectre.ai, the two most important significant forex pairs are EUR/USD and GBP/USD, which have been considered standards such as 0.58 pips and 0.9 pips, respectively. Hence, your chances of winning while trading with Spectre.ai are high. If you have got a better winning rate, the probability of gaining profit is impressive. 

Now the most attractive feature of Spectre.ai is the no-broker deals. In this trading platform, you can make the deals directly against Spectre’s pool of liquidity or other traders. As the pool of liquidity is fully crowdsourced, neither traders nor the ai platform itself will have access. For better performance and a liquefied investment state, spectre.ai uses blockchain technology, making them a premium player in the market. 

Another reason why Spectre.ai is better than anything is that platform is devoid of any inactivity fees. Plus, there’s no commission charge applicable for using the platform. 

(Risk warning: your capital can be at risk)

Leverage for trades

Frankly, if you’re a trader who expects a higher leverage ratio, you’ll be disappointed with spectre.ai. As with most financial assets, the company offers limited leverage. 

You cannot just deny the brighter side of a low leverage rate. As per the experts, the chance of high loss will decrease with limited leverage. However, the forex pairs can leverage up to 40X leverage

Therefore, the traders with minimal capital can restrict the numbers and sizes of positions they can make. As per the platform, the limited leverage option is limiting the chances of loos.

Payment methods for deposits and withdrawals:

Spectre.ai payment methods

As a futuristic company, Spectre.ai has focused on specific asset trading. Although the platform keeps its functionality simple and focused, it has left the most open ways to accept or payout. So, to give you precise information on their modes of payment, we have provided the following table.

For the entire world:For some specific countries:
Skrill UnionPay- for China,
NetellerAdvcash – for South America, Russia, Europe
Bank TransferFasaPay – for Indonesia, Vietnam, Thailand, and Malaysia.
Credit/ Debit cardHelp2pay – Malaysia, Thailand, Indonesia, and Vietnam
Uphold
PaySafeCard

Every payment for depositing and withdrawal in spectr.ai is conventional. The most exciting part of this payment platform is that you can use any digital wallet to receive your payments or funds. 

Spectre.ai provides a more secure and faster process for conventional assets or funds. 

However, using cards or other payment gateways may cost minimal service charges. Plus, to complete the transaction, the process will take one business day to reflect the result on your account. 

(Risk warning: your capital can be at risk)

Investment asset classes or markets

Spectre.ai trading assets and markets

In Spectre.ai, the assets are classified under two groups: digital binary options and Spectre’s own Epochal Price Index Composite (EPIC) contract class.

  • More than 80 synthetic trading products are available on Spectre.ai. 
  • This platform will allow users or traders to predict the price movements even if they do not hold any assets.
  • For instruments like digital contracts and CFD, traders put effort into predicting correctly. Therefore, the traders make a profit on the basis of the difference between initial and final prices.
  • This company can offer up to 400% in the form of digital contract payouts.

You can trade varieties of assets, such as:

Forex pairs 

Variety: 20 types 

Availability: Monday-Friday

  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  •  GBP/AUD
  • EUR/AUD

(Risk warning: your capital can be at risk)

Cryptocurrency pairs

Variety: 40 types 

Availability: 24/7 

  • BCH/USD
  •  DASH/USD
  •  ETH/EUR

Commodities 

  • XAG/USD (silver)
  • XAU/USD (gold)

EPIC (epochal price index composite)

It is a Euro-based currency pairs’ benchmark index used by Spectre.ai. This benchmark index was traded through time. Historical prices are considered as the data to decide the price. 

  • Variety: 3 indices 
  • Availability: 24/7

Reverse futures 

These are some contracts on global equities in the past. These use historical price data based on the market movements between different stocks. 

  • Variety: 10 stocks
  • Availability: 24/7

Spectre.ai is adding more, and various types of cryptocurrencies and Defi coins to their bucket along with the assets mentioned earlier. 

New cryptos are added by soft launch to a broker’s demo account, and these are available 24/7 with approx 91% returns and no pips. However, for UK clients, cryptos are available due to FCA regulations. 

(Risk warning: your capital can be at risk)

Trading accounts of Spectre.ai reviewed:

Spectre.ai has a clear vision of a simplistic but future-oriented approach. So, they offer very straightforward services which involve clear-cut features and not-so-segregated operating models.

Spectre.ai trading accounts

Account types 

Spectre.ai usually offers two types of core accounts: wallet accounts and regular accounts. 

  • Wallet accounts

This is a very simple framework for investment. One can use the digital wallet and can put his or her money for any asset they wish for. At the same time, you’ll want to sell the asset, a final amount to the digital wallet. 

  • Regular accounts

In regular accounts, users should deposit a minimum of $10 through any of the discussed methods of payment. When depositing any amount or fund in your Spectre’s regular accounts, they will use Escrow services to eliminate any payment errors in the process. 

(Risk warning: your capital can be at risk)

Spectre.ai demo accounts:

In each trading platform, a must-have service criterion is a demo account. These Specter demo accounts will help you learn more about the platform and how you can use it for your benefit. 

Spectre.ai’s demo accounts’ specialty is unlimited access until you feel the right to invest and gain confidence in most of the trading aspects. Plus, this demo account has an algorithm that follows the real market indices movements. Therefore, using this demo account, you can decide on your unique ideas for dealing with financial assets. 

Account features of Spectre.ai:

The features of a Spectre.ai account are endless, but we will short down some key points of the pool of features. With these modern features, you can enjoy many benefits as a trader. 

Technology-facilitate trading: Every aspect of spectre.ai is controlled by technology, not by brokers. The special crowdsourcing technology helps traders direct trading against the pool of liquidity funds. 

You can start trading with a minimum deposit of $1 and get up to 40X leverage.

The accounts and features are designed both for beginners and professionals. The demo accounts are specially curated for beginners. 

We have created a made-easy table for trading account features; 

Features Yes/No
Mini AccountNo
Premium AccountNo
DEMO ACCOUNTYes
Segregated AccountYes
Islamic AccountNo
Managed AccountNo
Institutional AccountNo
Suitable for scalpingYes
Suitable for daily tradingNo
Suitable for Weekly tradingNo
Suitable for swing tradingYes

(Risk warning: your capital can be at risk)

Review of additional features

Spectre.ai provides more valuable or effective resources than other platforms’ additional features. So, this platform doesn’t focus on educational resources or forums but on profitable or rewarding features. 

U-Token Rewards 

Focusing on higher payouts, higher asset accessibility, and increased level of trade sizes, Spectre.ai uses an internal currency called SXDT. You can maximize the trading experience by using these utility tokens by keeping them in your digital wallets. 

Spectre.ai incentive program 

With a weekly tournament, Spectre.ai offers cash prizes to its users. This Incentive Program is exceedingly popular among the traders as the company gives a reward of $1,000 to the winners every week. The trader who accumulates the highest trading volumes in a month is considered the winner of that month. On the other hand, the annual winner will pick up a cash prize of $50,000.

Regulations and licensing – Is this broker regulated?

St. Vincent and the Grenadines regulate the policies and terms of Spectre.ai. There are different misconceptions and ideas available about the company, which increase mistrust among the audience. 

Spectre.ai acts differently than most conventional broker platforms, so many users or traders don’t take the medium seriously. This act of ignorance mainly comes from less information about the company’s regulations. 

Traders must know that Spectre.ai never takes hold of any user’s deposits or capitals. Therefore, no discrepancies were present regarding the distribution of pay-out and profits. 

(Risk warning: your capital can be at risk)

Benefits (pros) of spectre.ai 

Whenever the question of finance has arrived, we should always check every minute detail associated with the dealing platforms. Therefore, we have jotted down some information or feedback about the platform in the form of rates and reviews:

  • User experience: 7.5/10
  • Quality of products and services: 7.8/10
  • Brokerage cost: 8.1/10
  • Trading Platforms:8.1 / 10
  • Overall Ratings: 8/10
  • Star Ratings: 4 stars 

Trading hours 

Users of Spectre.ai get a 24/7 trading service. Therefore, you’ll not have to worry about the time for investments. One thing you should keep in mind is that the company would not operate while the market is shut. But, if you think you’ve enough knowledge to trade while the market is actually shut, you can easily trade on this platform. 

Drawbacks (cons) of spectre.ai:

Apart from benefits and features, Spectre.ai has some critical points also. Therefore, we’ve figured out some nit-picks on the platform.

As Spectre.ai has no additional features like videos, eBooks, and tutorials, it creates a void of authenticity and users’ knowledge. Hence, the traders struggle with the complexity of finance trading. 

We have discovered that Spectre.ai lacks the iOS version of the platform. Therefore, the platform loses multiple users every day. 

(Risk warning: your capital can be at risk)

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