This is a blockchain-based trading platform aiming to transform how we trade Digital Options and Contracts for Difference (CFDs). You can use Spectre.ai to gain exposure to the price movements of shares, forex, cryptocurrency, commodities, and more.
The trading platform is powered by DALP and executes smart option contracts.
This is not a traditional intermediary broker. Instead, Spectre.ai logs trades into a blockchain. The blockchain uses a publicly distributed ledger network.
There are no account managers or similar available.
Trading takes place 24/7.
The maximum payout is 200%.
Minimum deposit is the eqvivalent of $10 and the minimum trade size is $1.
You can explore Spectre.ai using a free Demo Account.
DALP = Decentralized Autonomous Liquidity Pool
DALP is the heart of the Spectre.ai system.
- The system will try to match a new order against the order book.
- If there is no matching (opposing) trade, the system will instead execute the order against the DALP.
DALP was established to ensure that trades are filled in a timely manner.
At the time of writing, DALP is filled with ETH worth the equivalent of more than $4.5 million USD.
Is Spectre.ai a stand-alone blockchain network?
No, Spectre.ai utilizes an ERC-20 protocol built on the Ethereum network.
Spectre.ai smart-contract trades are settled immediately as they expire and are verified by the Ethereum blockchain network.
Spectre.ai ffers smart-contracts on binary return derivatives, traditional forex pairs, and Contracts for Difference (CFDs) on stocks, bonds, indices, commodities, and cryptocurrency. You can use binary options, reverse futures and contracts for difference (CFDs) to gain exposure to price movements.
Over 20 different forex pairs are available for speculation.
A majority of the available underlying stocks are from world-famous companies listed on NYSE or Nasdaq.
Examples of available commodities are gold and silver.
The assortment of cryptocurrencies is extensive. Examples of included cryptocurrencies are:
How big is the mininmum trade size?
It is just $1.
Binary option types
Only High/Low binary options are available. You can not find ladder options, boundary options, etc.
Expiry times for binary options
1 second – 1 day
Even though some products here have a considerably higher payout, it is common for digital options at Spectre.ai to have a payout rate of around 75%.
For some binary return derivates, the maximum payout is 200%.
Comissions and spreads
Spectre.ai does not charge commissions.
The spreads are competatively tight.
Forex EURUSD Spread: 0.58 (less than 6 pips, which is highly competitive)
Forex GBPUSD Spread: 0.90
Forex EURGBP Spread: 0.90
CFD GBPUSD Spread: 0.9
Can I trade on my smarthphone?
Yes, mobile apps are available for smartphones and tablets.
Is leverage available?
For most underlying assets, the answer is no. There are some exceptions though, and it is possible to speculate on certain foreign currency pairs with up to 40x leverage.
You will not have Negative Account Balance Protection.
Since late 2019, Spectre.ai has been offering the Epochal Price Index Composite (EPIC). This provides an aggregate of past market movements and mimics live markets. Speculation is possible 24/7.
Deposits and withdrawals
Originally, the only way to deposit and withdraw here was to use the cryptocurrenty ETH.
Now, this has changed, and Spectre.ai is accepting deposits and withdrawals in Bitcoins and USD as well, and is accepting a wider range of transaction methods than before, including credit/debit cards and e-wallets such as Neteller and Skrill.
For traders in certain jurisdictions non-crypto transfers are still not a possibility.
Funds transferred into the Spectre.ai wallet can take up to 24 hours before they show up in your exchange wallet. The exact time depends on the Ethereum network volume.
Examples of accepted transaction methods
- Bitcoin Payments
- Ethereum Payments
- Certain debit/credit cards, including VISA
- Wire Transfer
Ownership and regulation
Spectre.ai is regulated in St. Vincent and the Grenadines, a small island nation in the Caribbean.
About the Ethereum network
Ethereum is one of the most advanced of the blockchain networks. It is a decentralized blockchain with smart-contract functionality and open-source software. It´s native cryptocurrency, the Ether (ETH / Ξ), is the second-largest cryptocurrency in terms of market capitalization – only Bitcoin is larger.
Launched in 2015, Ethreum permits new blockchains and blockchain technology to be built on top of its infrastructure. Anyone can deploy permanent decentralized applications onto it, and Ethereum has become renowned for its association with Decentralized Finance (DeFi); applications that provide financial instruments which do not rely directly on financial intermediaries such as banks, brokers and traditional exchanges.
Originally, Ethereum utilized proof-of-work (PoW) for the consensus mechanism, but in September 2022 the network transitioned to use proof-of-stake (PoS) instead.
Questions and answers about Spectre.ai
Is automated trading available?
Yes, through APIs.
Is copy trading available?
Is social trading available?
Can I use Spectre.ai with third-party trading platforms?
No, Spectre.ai is not compatible with third-party trading platforms such as MT4, MT5 and cTrader.
Are speciality accounts available?
Yes, you can open a Muslim / Islam / Halal / Sharia Account.
Other speciality accounts are not available.
Ethical Investment Account: No
Indian Demat Account: No
DMA Account: No
ECN Account No
LAMM Account: No
MAM Account: No
PAMM Account: No
STP Account: No
Does Spectre.ai arrange tournaments?
Does Spectre.ai offer VPS hosting?