Score
Saint Vincent and the Grenadines
|
5-10 years
| https://www.spectre.ai
Website
Rating Index
Influence
C
Influence index NO.1
Nicaragua 2.89
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
Nigeria
spectre.ai United States NigeriaBASIC 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
In my own experience reviewing and evaluating Specter.ai, the platform stands out for not requiring a minimum deposit to open a live trading account, which is quite rare among forex and binary options brokers. This means I could, in theory, start trading with any amount, directly from my crypto wallet if I chose the wallet account type. If I opted for the regular account, there was a modest $10 minimum deposit, but the flexibility to begin with no mandatory minimum was appealing—especially for someone who wants to test real trading conditions with minimal exposure at first. However, I approach this feature with caution. While the absence of a minimum deposit lowers the entry barrier, I always consider the bigger picture around safety and risk. Specter.ai is registered in St. Vincent and the Grenadines and, based on public information, operates without recognized regulatory oversight. For me, this lack of regulation heightens the importance of strict personal risk controls and careful capital allocation. Ultimately, while you can start with as little or as much as you want, I advise other traders to weigh the risks and only commit funds they are prepared to lose, given the platform’s regulatory status and the nature of high-risk binary products.
Based on my experience and the specifics available about Specter.ai, I would approach the question of using Expert Advisors (EAs) for automated trading with considerable caution. Specter.ai is a blockchain-based platform centered on binary options and synthetic assets, rather than the traditional forex environment that supports plug-and-play automation such as EAs on the MT4 or MT5 platforms. Since the technical infrastructure appears unique—relying on the Ethereum blockchain, decentralized liquidity pools, and proprietary contract types—direct compatibility for MetaTrader-based EAs is not advertised or suggested in any official material. Specter.ai does allow users to trade directly from crypto wallets or through regular accounts utilizing blockchain verification. While this model introduces transparency, it does not inherently provide an open API or attachable scripting environment for EAs as seen with many regulated forex brokers. For me, this is a limitation; I rely on EAs not only for trade automation but also to consistently test strategies over time. Here, the lack of regulatory oversight and a suspicious license status add further risk to automating trading with large sums, as transparency around execution, data feeds, and strategy stability is unclear. Overall, if automated trading is core to your approach, Specter.ai may not be a suitable venue given its current structure and risk profile. I would advise any trader in a similar position to carefully assess platform capabilities and regulatory protection before considering Specter.ai for EA-driven strategies.
Drawing from my experience and the information available, it appears that Specter.ai is a blockchain-based trading platform that operates using digital wallets and does not require traditional fiat funding. For withdrawals, traders generally interact directly from their crypto wallet or from an escrowed Ether wallet, depending on their chosen account type. Typically, platforms like this require account verification—such as identity documentation (government-issued ID, proof of address) and confirmation of wallet ownership—to comply with Anti-Money Laundering (AML) requirements, even if they are unregulated as in Specter.ai's case. However, given Specter.ai’s lack of valid regulatory oversight and the suspicious labeling on its WikiFX profile, I am extra cautious. I would expect that, at minimum, they will require you to verify the crypto wallet address to ensure you are the rightful account holder. If you use an intermediary payment method—like Skrill or bank transfer—additional documentation might be requested by the provider. In summary, while the specifics are not detailed by Specter.ai’s profile, my best practice is to prepare clear identification documents, proof of wallet or payment method ownership, and any additional verification materials that may be requested. I emphasize approaching such withdrawals cautiously since the absence of regulatory standards may affect the transparency and smoothness of the process.
In my experience evaluating brokers, transparency around fees is absolutely critical, especially for deposits and withdrawals. According to the details available for Specter.ai, I haven't found any evidence of hidden or undisclosed fees charged directly by the platform for either depositing or withdrawing funds. Specter.ai distinguishes itself by allowing traders to operate without a traditional broker and even enables direct wallet-to-wallet trading, which reduces the risk of intermediary costs. However, it's important for me to clarify that while Specter.ai doesn't appear to impose its own fees for these transactions, the actual costs you encounter can depend heavily on your chosen payment provider or network. For instance, blockchain-based transactions or payments via services like Skrill, Neteller, or credit cards may have their own external fees, which are outside Specter.ai's control. From a risk management perspective, I always recommend checking with your payment provider before initiating any transfer. Additionally, because Specter.ai is not regulated and has been flagged for high potential risk by third-party sources, I personally exercise heightened caution before depositing larger sums. Overall, while I didn't encounter hidden platform fees on Specter.ai for deposits or withdrawals, it's vital to do due diligence on external costs and understand that regulatory oversight is lacking, which influences my willingness to commit significant capital to this broker.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
