Operating from Kingstown, Saint Vincent and the Grenadines, Spectre.ai is an online platform that gives traders access to trade binary options directly on over 50 financial assets, including, forex, stocks, bonds, ETFs, indices, CFDs, EPIC, and more. They execute trades speedily and use on-board risk management settings. There is no minimum deposit required to start trading. There are various payment methods to choose from.
Spectre.ai Review, Pros & Cons
- Proprietary trading platform
- Multiple financial instruments
- $1 minimum deposit
- Unregulated broker
- No MetaTrader platforms
- No USA clients
In this detailed Spectre.ai review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Spectre.ai is a blockchain-based trading platform. They offer a new form of broker-less trading; they send clients’ orders directly to their liquidity providers or via a peer-to-peer trading system without passing through a broker. This is achieved through a unique crowdsourced technology that ensures 24-hour liquidity. The Spectre.ai software is enabled by the Ethereum blockchain. There are some learning and trading tools, as well as a professional client support team, to assist traders.
Spectre.ai is owned and operated by Spectre Trading Limited, which is registered in Kingstown, Saint Vincent and the Grenadines with the registration number 25113 IBC 2018.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker’s services are not directed at residents of the United States or for use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Some Spectre.ai features and products mentioned within this Spectre.ai review may not be available to traders from certain countries because of legal restrictions.
Trades are carried out using an in-house-developed trading platform, which can be directly accessed via the broker’s website via a modern browser, such as Chrome, Safari, Firefox, or Edge. It features all the basic functionalities, including different chart types and technical indicators. 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.
Spectre.ai Trading Tools
Traders are provided with some standalone trading to enhance their overall trading experience. These tools include the trading API, which allows developers to connect to the Spectre.ai trading platform to create, read, and use contents available in the platform from within the developer’s application or website.
There is a limited selection of learning resources on the broker’s website. However, an FAQ section is provided to answer some of the common questions that traders may have.
The following trading assets are available at Spectre.ai: binary options, forex, stocks, bonds, ETFs, indices, CFDs, EPIC, and more.
Spectre.ai Accounts & Fees
Traders are offered a choice of two live trading accounts: Regular Account and Wallet Account. While the Regular Account has a minimum deposit of $10 and a minimum trade size of $1, the Wallet Account does not require any initial deposit as it allows you to trade directly from your crypto wallet. A demo account is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Spectre.ai review. It is imperative to ensure that you check and understand all of the latest information before you open a Spectre.ai broker account for online trading.
The broker provides traders with a professional client support team who are polite and prompt in response. The support team can be reached via email, online contact form, or by visiting their physical office in Kingstown.
Spectre.ai Deposit & Withdrawal
The following payment methods are accepted for both account deposits and withdrawals at Spectre.ai:
- Bank wire transfers
- Credit/Debit cards
- Electronic payment processors
Spectre.ai Account Opening
To open an account, click on the “Sign Up Now” button on the homepage of the broker’s website. Then, fill in the registration form properly.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Spectre.ai is an online financial trading platform that operates from Kingstown, Saint Vincent and the Grenadines. They allow traders to trade binary options on various financial instruments whilst providing a proprietary trading platform that is available in web and mobile versions. They operate without broker interference, so clients’ trades are passed directly to the liquidity providers or matched against other traders. No minimum deposit is required to start trading. However, the platform is not regulated by any known financial authority at the moment.
Dealing in Digital Contracts and our other over-the-counter derivative products carries significant risk, and you may lose all of your initial investments. You should be aware of all the risks associated with foreign exchange and Digital Contracts trading, and seek advice from an independent financial advisor before deciding whether dealing with our financial products is suitable for you.