With over 80 assets for trading, Spectre.ai is one of the most trending binary options trading companies in the world right now.

What makes it stand out from the rest is the fact it uses Blockchain technology.

So, you don’t even need to deposit funds to trade; you can use your digital wallets and pay by using bitcoins or any other forms of digital currency.

Spectre.ai is a global company that also deals in Forex and CFDs. In this article, we will explore how the company works, what they charge as commissions or fees, and ultimately, should you opt for their service or not.


About Spectre.ai & Accepted Countries

The name of the company that operates Spectre.ai is Spectre Trading Limited, where its headquarters is in the Cayman Islands.

Spectre.AI Forex BrokerHowever, the company has a significant global presence. The investors seem to like the business model they are offering.

That is why they start investing in its Initial Coin Offering (ICO). Soon, the company penetrated the Asian trading community, even got an entry in Europe and beyond.

Apart from Binary Options, the company offers Forex and CFD trading. The core emphasis of Spectre.ai is more tilted towards being a tech provider, instead of a typical financial trading company.

So, if you are someone who has experience in trading in Desktop and Mobile, it is an ideal platform for you. Of course, the revolutionary use of technology is the way you can trade by using Blockchain.

Founder / CEOPhilip Galland
Established Year2017
Publicly TradedNo
Total Employees0-50
RegulationsSt. Vincent and the Grenadines
HeadquarterGrand Cayman, KY

The name Spectre.ai is, of course, a short form. It is originally a Speculative Tokenized Trading Exchange. This institution is regulated by St. Vincent and the Grenadines.


Open a Forex Trading Account Now! – Fill up the Form

    Fill Your Details Here


    Spectre.ai Trading Platforms

    What makes Spectre.ai unique is unlike most companies of similar magnitude tag up with a standard 3rd-party application, they own proprietary software as the trading platform.

    The app comes with staggering features suited to what they are offering perfectly.

    Unlike any standard app like MT4 or MT5, Spectre.ai doesn’t come with all the advanced tools. Instead, their approach is more specific to what they are offering for Binary Options.

    You can log in to your account in a relatively easy way, and when you look at the charts, they are all sorted out as well.

    You can set the chart movements starting from 1 second to 1 day. There are over 30 indicators that you can use as well.

    One of the most exciting features is, it offers a built-in API capable of automated trading. You can use the bots powered by A.I. So, the traders can make smarter decisions to curtail the risk factors.

    Additionally, the histogram stats are decent enough to get what you want. Of course, you can also perform Automated Trading.

    Trading PlatformSpectre AI
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesEnglish

    Spectre.ai Mobile App

    The mobile trading app that Spectre.ai delivers is designed to serve people who love to trade while they are on the move. One of the negative aspects of the mobile app is it is available only on Android OS.

    So, the traders who use iOS have to wait a bit. However, the Android version itself rolled out in 2020. So, you can expect an iPhone version in development as well.

    Meanwhile, you can get it from the broker’s official site as well as on the Google Playstore.

    Now, in terms of features, all the functions available in the Desktop version are there. The login process is simple, and you can do tons of research with the available tools.

    You can trade in all the financial assets which the company offers, and there are certain tools by which you can do price analysis.

    Overall, it is a nice little assistance from the company which can do anything that the other versions can.


    Check out Mobile Apps of more Forex Brokers


    Spectre.ai Commission or Brokerage

    As we have an idea now that the company offers limited products and services, and focuses on some specific forms of investments, let us check out some key concepts of their pricing structure:

    • ai charges reasonable fees for the spreads. They even offer some spread-free financial assets to their clients as well. We suggest you contact their support team to get detailed information.
    • The average price for the two most significant forex pairs, which is EUR/USD and GBP/USD can be considered standard – 0.58 pips and 0.9 pips, respectively.
    • Trading with Spectre.ai assures you benefits while the win rates are high. Therefore, it is easier to gain profits. However, there is a catch! The binary options pay-outs are considerably lower than what most companies provide.
    • Most traders can be happy with the fact that the company doesn’t apply inactivity fees or any commission charge.
      Commission on tradesNo
      Fixed spreadsNo

    Spectre.ai Exposure or Leverage

    As a trader, if you expect a higher leverage ratio while trading, you may get disappointed as they offer very limited leverages for most of their assets.

    Some experts believe that with limited leverage, the chance of bearing a high loss also decreases. Then again, they provide a staggering up to 40x leverage for forex trading.

    Maximum Leverage40X leverage

    Payment Methods provided by Spectre.ai

    Spectre.ai is a futuristic company. The general vibes of the company are simple but precisely focussed on certain kinds of asset trading. So, how they accept the deposits and how they pay out are very critical.

    That is why we have scavenged a list where you should have a clear idea of the modes of payment while they accept payments or pay you out:

    DepositWithdraw
    SkrillSkrill
    NetellerNeteller
    Bank transferBank transfer
    Credit/debit cardsCredit/debit cards
    UpholdUphold
    PaySafeCardPaySafeCard
    UnionPay (China)UnionPay (China)
    Advcash (South America, Russia, Europe)Advcash (South America, Russia, Europe)
    FasaPay (Indonesia, Vietnam, Thailand, and Malaysia)FasaPay (Indonesia, Vietnam, Thailand, and Malaysia)
    Help2pay (Malaysia, Thailand, Indonesia, and Vietnam)Help2pay (Malaysia, Thailand, Indonesia, and Vietnam)

    There are some essentials that you should be aware of as well:

    • While you trade with Spectre.ai, there is no minimum threshold that you must invest in. You can invest anything, to begin with.
    • All the above payment methods we mentioned for depositing or withdrawing funds are conventional. What makes Spectre.ai distinct from the rest is you can use your digital wallets to make payments or receive funds. The process is secure and lighting fast.
    • While you are using Card payments or any payment gateway, there may be a fee involved, and it can take a maximum of 1 business day to reflect on your account.

    Find out Payment Methods provided by other Forex Brokers


    Investment in Asset Classes or Markets by Spectre.AI

    If you compare Spectre.ai with other companies, you can straightaway observe that there is a huge off-load of products and services.

    However, they still provide subtle services that we have created a list:

    • There are more than 80 synthetic tradable products where you can invest with Spectre.ai. So, if you are a trader, you can speculate the price movement even without holding the assets.
    • The company offers up to 400% as pay-outs for a digital contract.
    • You can trade up to 18 forex pairs, including AUD/JPY, AUD/NZD, AUD/USD, GBP/AUD, EUR/AUD, and many more.
    • With Spectre.ai, you can deal with 10 different cryptocurrency pairs. The likes of BCH/USD, DASH/USD, and ETH/EUR, are the significant ones.
    • You can also trade in Commodities like XAG/USD (silver) and XAU/USD (gold).
      Currencies TradingNo
      Commodities TradingYes
      Indices TradingNo
      Stocks TradingNo
      Cryptocurrency TradingYes
      ETF’s TradingNo
      Bonds TradingNo
      FUTURES TradingYes
      OPTIONS TradingNo
      Supported CryptocoinsCrypto Digital Contracts and CFDs
      Total Tradable AssetsNA
      Number Of Currency PairsNA
      Number Of Cryptocurrencies2
      Number Of StocksNA
      Number Of IndicesNA
      Number Of Commodities3
      Number Of Futures2
      Number Of OptionsNA
      Number Of BondsNA
      Number Of ETFsNA

    Spectre.AI Virtual Trading Account or Demo Account

    One of the biggest criticisms of Spectre.ai is the lack of proper education materials when it comes to letting new traders learn more about the products they are offering.

    However, there is a Demo account by which you can learn about how everything works. With this account, you can do virtual trading with 0 liabilities.

    This account would give you all the controls that you will need, to do trading in real-time.

    Virtual MoneyNA
    ChargesFree

    Spectre.AI Offers or Deals

    Spectre.ai doesn’t charge a minimum deposit amount to begin trading. So, the question of any welcome deposit bonus is irrelevant here.

    However, you are open to participating in various trading tournaments that the company hosts all the time. The price money can be as big as $50,000.

    There can be two major benefits of your participants in these kinds of tournaments – first, there is always an outside chance of you winning the prize, and second, you can learn a lot from other experienced traders while you are participating.

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageYes
    Flexible Brokerage PlansYes
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsNo

    Spectre.ai Regulation or Licensing

    Spectre.ai is a company regulated by St. Vincent and the Grenadines. Now, about the company, there are some misconceptions or in some ways, mistrust.

    As the company doesn’t work as most convention broker does, many traders do not show the level of respect and seriousness that the company deserves.

    To those people, Spectre.ai actually doesn’t hold any capital of the traders. So, one can rest assured that the pay-outs and profits will get disbursed correctly.

    RegulationsSt. Vincent and the Grenadines

    Find out Regulations & Licensing of more Forex Brokers


    Spectre.ai Features

    As of now, we believe you already can feel how much different Spectre.ai is from most companies. So, now let us discuss some of the intriguing features the company is offering:

    • There are no deposit fees. You can trade directly whenever you feel ready and pay for that trade separately.
    • The company provides high pay-outs by compromising a bit of leverage ratio. However, as for forex trading, they offer up to 40x leverage.
    • As the company is using Blockchain technology, security is very tight in comparison to most companies.
      Educational ServicesYes
      Social Trading / Copy TradingYes
      Trading SignalsYes
      Email AlertsYes
      Guaranteed Stop LossNo
      Guaranteed Limit OrdersNo
      Guaranteed Fills / LiquidityNo
      OCO OrdersYes
      Trailing SP/TPNo
      Automated TradingYes
      API TradingYes
      VPS ServicesNo
      Trading From ChartNo
      Interest On MarginNo
      Offers HedgingYes
      Offers PromotionsYes
      One-Click TradingYes
      Expert AdvisorsYes
      Other Trading FeaturesNo

    Spectre.ai Account Types

    Unlike most companies that offer a bucket-load of accounts to choose from, Spectre.ai primarily offers two core account types. Now, the account types are not segregated based on features. Instead, those are categories:

    Wallet Accounts: The operating model that Spectre.ai primarily works on is pretty straightforward. You can use your digital wallet and make a payment in case you wish to buy.

    In the case where you want to sell, you will receive the final amount to your digital wallet.

    Regular Accounts: If you choose to use this account, you must deposit funds using the modes of payment that we have discussed before.

    Note that here there is a minimum deposit amount of $10 that you must pay. Spectre.ai uses Escrow services to deal with any payment while you are using a Regular account.

    Account TypeDemo AccountRegular Account
    Initial Deposit$10$10
    SpreadNA0 pip
    CommissionNANo commission
    Leverage01:301;0

    Spectre.ai Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeNo trading desk
    Min Deposit$1
    Maximum Leverage40X leverage
    Mini AccountNo
    Premium AccountNo
    DEMO ACCOUNTYes
    Islamic AccountNo
    Segregated AccountYes
    Managed AccountNo
    Institutional AccountNo
    Suitable for beginnersYes
    Suitable for professionalsYes
    Suitable for scalpingYes
    Suitable for daily tradingNo
    Suitable for Weekly tradingNo
    Suitable for swing tradingYes

    Spectre.ai – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team :

    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Delko’s ResearchNo
    Top PicksYes
    AutochartistYes
    Acuity TradingNo
    Company Stock ReviewYes
    Free Stock TipsYes
    WebinarsYes
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryYes
    Relationship ManagerYes

    Spectre.ai Benefits

    We can agree that Spectre.ai is an unconventional company, targeting a specific group of traders. So, for those users, here are the features that should excite you to join them:

    • You can trade over 80 tradable assets.
    • As the leverages are considerably low, the pay-outs can stretch up to 400%.
    • The leverage for foreign exchange trading is a maximum of 40x.
    • If you use the Wallet accounts, you don’t need to pay a minimum deposit.
    • The minimum trade size can be as low as $1.
    • The EPIC expires in 1 second.
    • ai allows a Decentralised liquidity pool.

    Spectre.ai Cons or Drawbacks

    The way we evaluate things at Spectre.ai, they are a specific service provider. They don’t engage in a ton of services as of now.

    However, that doesn’t mean they can’t extend their service range. Meanwhile, we have still figured out a couple of nit-picks about the company:

    1. The lack of educational materials like tutorials, videos, and books creates a massive void. That void is significant as the service they are offering is complex to understand, especially for a new trader.
    2. One other loophole that we have found is the lack of an iOS version of their mobile app as the trading platform. In some ways, they are missing out on a significant number of clients every day. However, they can always include that in their service list.

    Spectre.ai Trading Hours

    One of the advantages that any trader associated with Spectre.ai will get is their 24/7 trading service.

    Now, they don’t usually operate when the original market is shut. However, if you think you can do that, you can trade while paying wider spreads.


    Spectre.ai Customer Care or Contact Details

    The call feature is not available while you trade with Spectre.ai. So, take a look at the other two means to contact them:

    • Live Chat: You can chat with their representative simply by visiting the official site and tap on the chat icon at the bottom of the page.
    • Email: You can email them at support@spectre.ai.
      Dedicated DealerNo
      Support During WeekendsNo
      Online TradingYes
      24*7 SupportYes
      Email SupportYes
      Live Chat SupportYes
      Customer Support LanguagesEnglish

    Spectre.ai Safety & Security

    Spectre.ai uses in-house trading platforms. So, be that the Desktop application, or the mobile app, the database is secured within the company. It doesn’t need to share them with any 3rd-party company.

    Now, as far as transaction security goes, they use blockchain technology which most experts considered to be more secure than any other payment technologies.


    iForex Rating & Review

    Based on the user experience, the following rating and reviews are provided.

    User Experience7.5 / 10
    Products & Services7.8 / 10
    Brokerage Charges & Fees8.1 / 10
    Research & Advisory8.2 / 10
    Trading Platforms8.1 / 10
    Overall Ratings8.0/ 10
    Star Ratings★★★★
    Total Client Reviews227

    Spectre.ai Forex Trading – Conclusion or Verdict

    The overall reviews of Spectre.ai are interestingly mixed among the clients. However, the clients who are associated with the company are typically pros in what they are doing.

    So, getting linked with the company only elevated their potentialities. Yes, it is not a company for every trader; however, those who are meant for this company will get pretty much what they want.


    Open a Forex Trading Account Now! – Fill up the Form

      Fill Your Details Here


      Learn everything about Forex Trading


       

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      24 + 9 =

      Get 90% Discount on Brokerage Now! Open Demat Account