Company Profile
Company Profile
Review summary
BASIC INFORMATION:
Spectre.ai is a blockchain-based trading platform specializing in binary options. Requiring no minimum deposit and using crowd-sourced technology, Spectre offers a new form of broker-less trading. Spectre stands for Speculative Tokenized Trading Exchange. The company is owned and operated by Spectre Trading Limited, a company registered in St. Vincent and the Grenadines.
In 2017, the company welcomed investors to participate in its Initial Coin Offering (ICO). The broker has since proven popular among the Asian trading community and is now gaining traction in Europe and beyond.
The Spectre team have made the news for their innovative approach to online trading. Their operating model is centered around a decentralized autonomous liquidity pool (DALP), which is built onto the Ethereum blockchain network. The system automatically matches new orders against the order book. If there is no opposing trade, then trades are filled against the DALP.
REGULATORY INFROMATION: LICENSE
No valid regulatory information
Please be aware of the risk!
MARKETS
Over 80 synthetic tradable products are available at Spectre.ai, allowing users to speculate on price movements without owning the underlying asset. They are split primarily between digital binary options and Spectres own Epochal Price Index Composite (EPIC) contract class.
Digital contracts offer payouts of up to 400%, are verified in a second and can be traded in multiple markets, including forex. EPIC contracts are based on an aggregate of historical market fluctuations and replicate live market conditions. They can be traded like any other asset and are available around the clock.
PAYOUTS & SPREADS
Payouts on Digital Contracts range from 5%-200% depending on asset, expiry and time of day. Spectre.ai allows spread-free entries on most assets and expiries where indicative entry price (IEP) is in-line with spot price. However, for periods of very low liquidity such as 8pm-midnight GMT or on exotic products such as Microexpiries of 10-30 seconds, 0.2 pip spread on 5 minutes expiries and a small spread on entry of between 0.1-0.9 pips may also be applied.
LEVERAGE
Leverage is unavailable on most assets, except for forex, where up to 40X leverage is available. For traders with minimal capital, this may limit the number and size of positions they can take. However, reduced leverage also helps to limit potential losses.
ACCOUNT TYPES
The accounts are listed below:
· Wallet Account – With the standard wallet account you trade directly from your crypto wallet. By removing the middleman, transactions are processed instantly and without fees.
· Regular Account – Spectre.ai users can also opt for a regular account, which is essentially a privately escrowed Ether wallet. Trades are still confirmed on the blockchain, and winnings pass directly to your escrowed Ether wallet which can then be withdrawn to your privately held e-wallet. There is a $10 minimum deposit with the regular account
DEPOSIT & WITHDRAWAL
Spectre.ai doesnt require accounts to be funded with fiat currencies. Instead, users can trade directly from a digital wallet.
Payments methods available are:
· Skrill
· Neteller
· Bank transfer
· Credit/debit cards
· Uphold
· PaySafeCard
· UnionPay (China)
· Advcash (South America, Russia, Europe)
· FasaPay (Indonesia, Vietnam, Thailand and Malaysia)
· Help2pay (Malaysia, Thailand, Indonesia and Vietnam)
There is no minimum deposit requirement. And as Spectre.ai doesnt hold payments, processing speeds depend on the payment provider, but usually take up to 24 hours.
DEMO ACCOUNT
A demo account is available at Spectre.ai. The practice account simulates real-market conditions and offers traders a hefty virtual bankroll to sample the platform and instruments.
TRADING HOURS
Spectre.ai offers 24/7 trading. Opening and closing times follow respective market operating hours.
CUSTOMER SUPPORT
Customer service representatives at Spectre.ai are accessible through email and live chat:
· Email – support@spectre.ai
· Live chat
ACCEPTED COUNTRIES
Spectre.ai accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders cannot use Spectre.ai from United States, Venezuela, Iran, Vanuatu, Cayman Islands, Virgin Islands, British, Costa Rica, Korea, Syria, Somalia, Yemen
