8 /10
Overall Rating

SPECTRE Review

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Is Spectre AI a Reliable online trading platform? As a part of this Spectre Ai trading platform review we aim to answer all your. Do not invest in Spectre AI before reading this comprehensive review.  

SPECTRE.ai is a unique blockchain powered online trading platform that allows traders to trade at a high frequency with low risk in the financial markets. The main uniqueness of the online trading platform is the availability of 24-hour liquidity and zero-opportunity for fraud to ensure transparency. The transparency they promise is thanks to the blockchain technology they use, this way you can basically trade in a brokerless environment. 

We have reviewed the Spectre trading platform extensively. As a part of our research and in depth analysis we find Spectre unique, and much different compared to any of their competitors. 

We are always very careful with our reviews as we check as many details as possible. Often we will use shadow representatives depositing and trading with every company we review. 

If you are from USA, Costa Rica, BVI, Caymans, Cyprus, Iran, Venezuela, Syria, Somalia, North Korea, Yemen, Iraq, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, US Virgin Islands or use VPN from these locations you will not be permitted to access Spectre.ai website. The company has also banned residents of these countries. 

Overview

Company
8 /10
Trust
9 /10
Trading Platform
8 /10
Account Types
8 /10
Costs
8 /10
Customer Support
8 /10
Regulation
7 /10

Company

8 /10

SPECTRE allows traders to trade on currencies, commodities, stocks, and other assets combined with their heavy tech (real one, not a whitelabel). Uniquely, the company offers the opportunity for traders to earn up to 400% of returns ROI on just one trade within minutes. 

SPECTRE Trading Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 25113 IBC 2018. Address of the company is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St.Vincent and the Grenadines.

Although St. Vincent & the Grenadines is not a high regulation zone, what we have seen is the fact that Spectre is following the necessary compliance measures. The fact that they ban the entire traffic of their restricted countries tells much about this company too. They are serious!

Marketing, customer service, and ancillary technical development are handled by PT Spektre Global Indonesia with registered address Jalan Mampang Prapatan Raya Nomor 73A, Rukun Tetangga 010, Rukun Warga 002, Kelurahan Tegal Parang, Kecamatan Mampang Prapatan, Jakarta Selatan, Indonesia. All other roles are handled by SPECTRE Trading Limited.

This online trading platform allows traders to trade at a high frequency with low risk in the financial markets. By utilizing its crowdsourced technology, SPECTRE matches traders against an embedded liquidity pool or other traders on the SPECTRE trading platform.

 

Pros & Cons

Pros

  • Crowdsource technology to ensure liquidity and transparency
  • Traders can trade straight from the supported digital wallet, top level blockchain benefit!
  • Allows for the synthetic investments, whether it is currencies, stocks, bonds, ETFs, indices, Epic, and many more
  • The Digital crowd supported the balance sheet model allows to trade 24 hours a day
  • Available mobile app for trading
  • Gives direct API access
  • A wide variety of expiries; from extremely short expiry (as little as just one second in some cases) to end of day Digital Contracts.
  • Generous returns – up to 100% as standard, and as high as 400%
  • Low deposit and trade size requirements from just $1
  • Exclusive built-in risk management features (This is specifically good for insatiable traders)
  • 100% brokerless trading - no deposits with the company but directly into a smart contract, if the user wishes to trade this way (Wallet account)
  • Via Spectre Incentive Program, every year traders can earn $102,000 (weekly $1,000 and end of year $50,000) if they have the highest volume.

Cons

  • Automated trading opportunity limited to API users
  • Limited education academy, however the company told us that a new educational content called Spectre Financial Academy which is coming later in 2020
  • No MT4 nor MT5
  • Currently Digital Contracts only, CFDs being added soon.

 

Trust

9 /10

This online trading platform uses unique blockchain powered technology where traders can trade against SPECTRE's pool of liquidity or other traders directly. The SPECTRE online trading universe is just a set of audited, secure smart contracts that rest on their global blockchain network and govern all trade transactions, outcomes, and payouts. Therefore, it can assure 100% transparency and no fraud.

The only concern you should have is losing access to your seed. If you are not careful with your account access you may lose your funds, but this is not something just applicable for Spectre. Therefore, we consider Spectre AI highly trustable.

Trading Platform

8 /10

Trading with Spectre trading platform is not the same as trading with other forex brokers. Since they don’t have the traditional MT4 or MT5 trading platform, some traders may find it different to trade with Spectre. 

The company uses a built-in trading platform that a trader can access from both the web and mobile. Moreover, the android app for the SPECTRE platform is also available that made the trading easy for traders. While analysing and reviewing the company I quite enjoyed their mobile trading solution too. 

#SPECTRE Trading Platform

  • Indicators - SPECTRE trading platform has a variety of technical indicators, including Ichimoku, Bollinger Bands, Awesome Oscillator, moving averages, RSI, stochastics, etc. The technical indicators are available under the "Studies" tab at the top of the chart window.
  • Charting - Different graphical tools are also available at the "Select Tool" tab.
  • Trade Alerts - SPECTRE has some smart algorithms to pick up technical price patterns, which may result in high probability trade setups. When a specific trade idea appears, it will alert traders. 
  • Trade ideas - Traders can click on trade ideas from the platform, and they can be activated in the "Account Settings" window.
  • Economic calendar - Economic events are essential for many traders to keep a close eye on an economic calendar. SPECTRE's trading platform has a built-in economic calendar that can be accessed by clicking on the tab on the right side of the trading platform.
  • Unique Mobile trading - If you are mobile centric you will love the Spectre mobile trading app which is available on android appstore.
  • Automated trading - If you are an advanced trader you can use the Spectre API with your advanced trading tools. The API can be used to automate trading, and allows developers to build bots, applications and trading interfaces that interact with the Spectre platform. Developers will earn ONLY on winning trades (up to 30%)
  • Traders Marketplace - known as Traders Bay; traders can upgrade their trading unit significantly with lower spread, higher payouts, more positions.
  • High payouts - Trader’s bay enables traders high payouts as much as 400%, yes this is contract trading 
  • Trader protection algorithms assisting with emotion control, risk management
  • EPIC: EPIC indices - based on actual historical currency baskets and allowing for trading 24/7 - including weekends 

Account Types

8 /10

Unlike traditional brokers, Spectre allows a trader to trade directly from the crypto wallet. Therefore, traders can enjoy full features of trading, instead of having to deposit a minimum amount of money. Through Spectre you can trade in a brokerless environment. You can make transactions directly between your wallet and the markets without any intervention of any broker. Therefore, it does not require any deposit and withdrawal method.

#1 Wallet Account

  • The wallet account seems to be strange among the traditional traders as they are not used to it and have no deposits or withdrawals. Through this account, you trade directly from your crypto wallet. Any profit is sent straight back to the wallet address. Therefore, it removes the middle man and reduces the time to wait for your money. Moreover, it also ensures fewer transaction fees.
  • Traders don't have to worry about currency conversion or transaction fees.

#2 Regular Account

  • Regular accounts require a minimum $10 deposit. Deposits/withdrawals can be in ETH or via one of multiple PSPs (depending on geographic location) including Skrill, Neteller, AdvCash, UnionPay, FasaPay and Uphold, among others. The company told us that soon they will enable credit/debit card options too.

Costs

8 /10

Most trades are completely spread free, so ZERO spread. However, some of the micro-expiries (up to 5 minutes) have a small spread.

The spread of trading accounts starts from 0.5 pips in EURUSD. Besides this, the company does not charge any withdrawal fee. Moreover, it does not charge any fee for an inactive account.  

Customer Support

8 /10

Traders can access the FAQ section to see the most of the generally asked questions. Moreover, a contact form is available on the FAQ page, where traders can send them messages through email.

We tried to contact the Spectre Support team, and within just a short period we got contacted. The support is very swift. They try to automate as many services as possible. Additionally, the company mostly focus on the Asian market. 

Regulation

7 /10

SPECTRE Trading Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 25113 IBC 2018. Address of the company is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St.Vincent and the Grenadines.

Although, St. Vincent & the Grenadines is not a highly regulated environment, the company is strict with their guidelines. We have tried to break them to give trading access to US or in Cyprus, with large funds, however the company rejected it.

Conclusion

SPECTRE is a very unique trading platform from our perspective. We have especially enjoyed their tech stack, where they use the ERC wallets to automate a brokerless trading experience. Such technology integration brings extra transparency into the market.

The features on SPECTRE's trading platform are elaborate, especially the risk management system and trade idea indicators. Moreover, SPECTRE has a plan to attach the MT4 trading platform, besides offering its proprietary platform.

SPECTRE's Wallet account is uncommon but has smart features, as traders can trade Smart Options without depositing money into a broker.

On the other hand, individuals who choose SPECTRE's Regular trading account can do this with minimal effort with the help of Uphold and more recently many other PSPs, depending on geographic location. Lastly, SPECTRE is continuously working on adding more features to its trading platforms.

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