Spectre AI Trading Account – Review, Types, Process, Benefits, Charges & more
Last Updated Date: Sep 02, 2023Check out all details about Spectre AI Trading Account here. Spectre AI is a trending blockchain-based trading platform that specializes exclusively in binary options.
The company does not require any minimum deposit and uses crowdsourcing technology for all kinds of trading-related things. But, what makes it popular is blockchain technology.
The trading firm offers the latest type of trading without the involvement of brokers.
Spectre AI is operated by its parent company called Spectre Trading Limited and has its headquarters in the Cayman Islands.
The company was established in 2017 by Philip Galland and since then the company has had a significant global presence.
The parent company was impressed by the levels achieved by Spectre AI and thus invested in Initial Coin Offering(ICO).
Now the trading firm has entered the Asia Trading Community and even in Europe. Apart from simple binary options, the firm also allows its users to trade in Forex and CFD.
Spectre AI Trading Account and Benefits
Some of the exclusive benefits that the traders enjoy while using the facilities offered by Spectre AI are:
No broker, everything is controlled by technology
Using this special crowdsourced technology, the traders can directly trade against the trading firm’s pool of liquidity funds or they can trade against other traders directly.
In Spectre’s Trading universe there is no involvement of brokers. The trading is controlled by a set of audited, secured smart contacts.
The company promises 100% transparency, no fraud and pure trading.
No initial deposits
In contrast to the other trading companies, where you are supposed to deposit a minimum amount in your bank account at the time of trading.
Spectre AI online trading allows the traders to trade directly from their digital wallet or a secure web portal on the official website.
While most of the brokers make money when you lose, the company earns the revenue whenever you trade.
The company has no irritating account managers or salespeople.
Shariah Compliant
The company fully allows Shariah compliance, so they offer trading without any fees.
This helps all the traders following the Islamic faith to trade on the trading platform fairly and ethically.
The company promises fraud-free, interest fee trading with no hidden costs.
All these offers are available to all declines irrespective of their faith or religion.
Verification
If you are trading using Spectre AI each transaction done by the traders on the online trading platform is mined, regulated and monitored and are settled on a transparent digital ledger.
After every 24 hours, the public digital ledger is sent for verification.
Unique Contract Range
The Trading company allows all its retail traders to trade directly in digital contracts which is the latest trading mechanism.
The verified outcome is up to 400% in some cases within one second.
These digital contracts can be traded on various assets that include traditional currency pairs and other solid assets.
Spectre AI also offers traditional A-Book FX Trading.
A Free Demo Account
All the Spectre AI Trading accounts have an inbuilt risk free demo account that can be accessed from your account as long as you need it.
This demo account is free to use and does not require any deposit and deals only using virtual currencies.
The demo account helps you to understand better trading and get prepared for the real thing.
These demo accounts are the best places to practice trading, sharpen your trading skills and become a better trader without spending real money.
Spectre AI offers a dividend reward token (SXDT) is a special domestic currency that the traders can use to gain higher payouts, get access to more assets and higher trading volumes.
If you have doubts regarding the tokens, you can directly contact the Reward portal to get a proper analysis of the privileges.
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Spectre AI Trading Account Charges
| Trading Account Charges | ||
| Account Type | Demo Account | Regular Account |
| Initial Deposit | $10 | $10 |
| Spread | NA | 0 pip |
| Commission | NA | No commission |
| Leverage | 01:30 | 1;0 |
The company offers various trading accounts and they charge differently for using different type of trading accounts.
The next step is to know about the commission charged by the company for different Spectre AI Trading Accounts.
The average spread amount charged by the company on major currency pairs is 0.58 pips on EUR or USD and 0.9 pips on GBP/ USD.
As this spread amount is less, the traders benefit from the higher gain rates provided thus they achieve profitability.
Spectre AI does not charge any additional fees like the other brokers i.e. there is no downtown or commission fees.
Leverage is mostly not available on most of the assets other than Forex where the leverage amount is up to 40x.
Reduced leverage amount also helps to limit the potential losses incurred by the traders.
Types of Spectre AI Trading Account
| Types of Trading Account | |
| Trading Desk Type | No trading desk |
| Min Deposit | $1 |
| Maximum Leverage | 40X leverage |
| Mini Account | No |
| Premium Account | No |
| DEMO ACCOUNT | Yes |
| Islamic Account | No |
| Segregated Account | Yes |
| Managed Account | No |
| Institutional Account | No |
| Suitable for beginners | Yes |
| Suitable for professionals | Yes |
| Suitable for scalping | Yes |
| Suitable for daily trading | No |
| Suitable for Weekly trading | No |
| Suitable for swing trading | Yes |
Different traders have different mindsets and thus they require different type of trading accounts that offer the benefits according to their thinking.
Spectre AI would be assisting you with all the necessary information and Trading options.
In the following paragraph, we would be discussing the type of Spectre AI trading accounts.
Wallet Account
With the help of a wallet account, The traders are allowed to directly trade from their encrypted wallet.
When the intermediary is removed, the transactions are easily and instantly processed. There is no transaction amount.
You can directly buy and sell from your digital wallet. In case you are selling something, the payment would be received in your digital wallet.
Regular Account
If you are planning on using a regular account, you would require to deposit money into your account via Bank Transfer or Debit Card or Uphold or Pay Safe Card or Neteller.
The regular account is simply an ether wallet with a company guarantee.
The earnings are directly sent to your Ether wallet which can later be transferred into your e-Wallet.
Spectre AI Account Opening and Trading Process
Spectre AI online trading process is quite simple.
It is similar to other Trading processes but you have to open a trading account with the company to trade.
Open Spectre AI Trading Account
You may visit the official website of Spectre AI. You need to click on sign up.
Here you have to register with all the necessary details.
Once you have filled up the application, you will have to wait for the EKYC process where you have to verify your identity using identity cards.
After successful verification, you will receive the login ID and password and your trading account will be opened automatically.
You can log in using a mobile application that can be downloaded from your App Store.
You can also log in using the web trading platform by simply logging in with the credentials.
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Spectre AI Trading Account – Features
| Trading Features | |
| Educational Services | Yes |
| Social Trading / Copy Trading | No |
| Trading Signals | Yes |
| Email Alerts | Yes |
| Guaranteed Stop Loss | Yes |
| Guaranteed Limit Orders | No |
| Guaranteed Fills / Liquidity | Yes |
| OCO Orders | Yes |
| Trailing SP/TP | Yes |
| Automated Trading | No |
| API Trading | No |
| VPS Services | No |
| Trading From Chart | Yes |
| Interest On Margin | No |
| Offers Hedging | Yes |
| Offers Promotions | No |
| One-Click Trading | Yes |
| Expert Advisors | No |
| Other Trading Features | No |
Some of the exclusive features of the Spectre AI trading accounts are:
The company offers educational services to all the traders.
They offer video lessons and video call sessions to all the traders so that they can learn every aspect of trading.
The traders will also get to learn about Forex trading and CFD.
Some other services provided by the company are social trading, providing trading signals, notifies via email and SMS and OCO orders.
Other trading offers are automated trading, API trading and also promotional offers. The company also provides expert advisors to help the traders if they’re stuck.
Check out Online Trading Services of FOREX Brokers
Spectre AI Trading Account – Conclusion
All the necessary advantages, features, benefits and the necessary information about Spectre AI Trading has been shared in this article.
The company offers an exclusive EPIC contract class along with the additional assets, with no minimum deposits and an advanced and transparent blockchain-based technology.
The traders who want simplicity, security and competitive costs must go for Spectre AI online trading.
Spectre AI Online Trading – FAQs
Here is a list of FAQs related to the Spectre Ai Online Trading:
Does Spectre AI online trading?
The Trading firm allows all the traders to trade and invest in Forex marketing and other assets.
A lot of trading options are also available from where you can select your desired trading material.
What are the commission charges of Spectre AI?
There are two types of Spectre AI Trading accounts.
The company does not charge any commission for any of the Trading accounts.
This makes it one of the best trading companies in the market.
Does Spectre AI provide demo account Trading?
The company provides a demo account with all its trading accounts where you can trade freely as long as you want.
Here you can practice trading in a risk-free environment without losing any money.
Is trading free at Spectre AI?
No extra amount is charged at the time of Spectre AI online trading.
The company even does not charge any amount at the time of registration or downloading the mobile application.
However, some minimum charges have to be paid such as leverage charge, spread charge and initial deposit.
Does Spectre AI provide stock trading?
All the traders having trading accounts with Spectre AI are always allowed to invest in the stock market.
You would need to get in touch with the representatives at Spectre AI and you may need to pay a nominal charge to start stock trading.
What is the spread at Spectre AI?
Spectre AI charges and nominal spread fee which varies depending on the type of trading account.
The average rent on magic currency pairs varies from 0.58 pips to 0.9 pips.
Is Spectre AI safe for trading?
Trading via Spectre AI is safe.
The Trading platform uses superior encryption to protect the personal data of all the traders.
The transactions are settled using a transparent digital legend which is checked daily.
Does Spectre AI provide trading tips?
Whenever you start anything new, you would require expert advice.
So the company provides expert advice to all the traders who start trading so that they can get maximum profits.
The company provides expert advice, special tips and video sessions to all the traders.
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