Spectre.ai Review – Unique Ethereum Decentralised Binary Options Broker

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Spectre.ai Binary Options Broker 100$ No Deposit Bonus Review

Overview

Spectre.ai Binary Options Broker 100$ No Deposit Bonus! SPECTRE, which is built on the Ethereum blockchain will allows users to trade on the direction of currencies, commodities, stock and other… more

Details

Broker Spectre.ai Binary Options Broker 100$ No Deposit Bonus
Website URL https://www.spectre.ai/campaigns/start-trading?ref=fNA4e
Founded 2020
Headquarters Spectre Global Limited, Artemis House, 76 Fort Street, Grand Cayman, KY1-1111, Cayman Islands.
Support Types Email , Live Chat
Languages English , Chinese , German , Japanese , Vietnamese
Trading Platform Owner
Minimum 1st Deposit 0.10 ETH for Regular Account | No Deposit for Wallet Account
Minimum Account Size 0.10 ETH for Regular Account | No Deposit for Wallet Account
Minimum Trade Amount 1$ for Regular Account | 50$ for Wallet Account
Bonus $100 Smart Options No Deposit Bonus (in ETH),
Payout up to 83%
Free Demo Account
Regulated
Regulation The Republic of Vanuatu
Deposit Methods ETH , Credit / Debit Cards , Wire Transfer
Number of Assets 50+
Expiry Times Starting from 10 seconds/30 seconds/60 seconds
Types of Assets Wide range of assets, including major FX pairs and cryptos
Option Types Up / Down
Account Currency ETH
US Traders Allowed
Overall Score 9/10
  • The world’s first decentralized trading platform which runs on Blockchain

Full Review

Spectre.ai Binary Options Broker 100$ No Deposit Bonus!

SPECTRE, which is built on the Ethereum blockchain will allows users to trade on the direction of currencies, commodities, stock and other assets for financial gain in a truly broker-less and decentralized way allowing for a transparent liquidity pool that is governed by smart contracts and not a central management team.

SPECTRE (short for Speculative Tokenized Trading Exchange) is the world’s first brokerless, financial trading platform with an embedded, decentralized liquidity pool that acts as a counter-party to all trades. The liquidity pool is initially funded by an ICO and tokens are distributed to the investors in return.

Broker Bonuses & Advantages:

  • $100 Smart Options No Deposit Bonus (in ETH) – Click Here To RegisterUSING Bonus Code: PR-ACM2, with the following conditions: Users have to trade a total of $5.000 trading volume for initial bonus to be withdrawn and A deposit of equal amount to the bonus or $5000 in trading volume needs to be reached in order for profits to be withdrawn
  • The world’s first decentralized trading platform which runs on Blockchain
  • up to 83% Profit / Trade in Just 10 Seconds
  • Deposit Using ETH or Fiat Money
  • Low Minimum Deposit – 0.10 ETH and the minimum trade size is $1.00
  • Fast Customers Support
  • All the withdrawal requests from “Regular” wallets will be accepted within 24 hours and the “Wallet” account requests are instant.

Demo Account:

By choosing to start with a Demo account you can get immediate access to the SPECTRE.ai trading platform and start trading immediately with virtual Ethers (ETH). You will have full access to the platform and all its functionalities. No KYC is required for this type of account.

Regular Account:

In the Regular account you deposit Ethereum into a cryptographically secured, smart contract wallet and trade without any associated costs.

a) Directly from your Ethereum address (for those who already hold Ethereum)
b) Directly from your UPHOLD account where you can deposit in your local currency (ie EUR, GBP, USD) and get the equivalent Ethereum in your trading account, in order to begin trading.

You are required to complete on-site KYC (under 5 minutes) before being able to start trading. The Regular account allows a range of trader upgrades and privileges if you hold the SXUT token.

Wallet account

The Wallet account is the fully decentralised, broker-less trading option. Here you never deposit and all trades are initiated by you through your cryptocurrency wallet using the SPECTRE trading platform. You pay gas cost for every trade and the liquidity pool incurs gas for the settlement of the trade. The payouts when trading from a Wallet account may be less than when trading from a Regular account.

You are required to complete on-site KYC (5 minutes) before being able to start trading. The Wallet account allows a range of trader upgrades and privileges if you hold the SXUT token.

Spectre.ai Review All these you need to know about Spectre

Spectre.ai is the world’s first trading platform without an intermediary broker. Spectre was designed with one major agenda in mind; that is to make fraud in trading practically impossible. Kay the CEO of has previously worked for JP Morgan and Goldman Sachs.

In this spectre.ai review, I will give a comprehensive overview of this platform. I will be concise and make it very easy to understand manner. I will also use videos and pictures so that at the end of this review 99% of your questions on Spectre would have been answered.

Before the existence of Spectre.ai, Trading requires that you deposit your money with a broker before you can trade, trusting that they pay you your winning when you win and also make their platform fair… Well, this doesn’t always happen.

The problem most traders face when trading Binary options/CFD/FX is the fraudulent nature of the brokers. Most platforms are designed such that traders trade against the broker; i.e when you lose the broker profits when you make a profit, the broker a loss. Therefore, the brokers try all the tricks he can to make traders lose. The tricks he might use includes but not limited to:

  • Easy Demo account: He makes the demo account so easy and profitable but real account difficult, traders will make a good profit in the demo account but are not able to do so in real accounts.
  • Disable Profitable market: I have experienced this on a lot of platforms. when a market is going in a particular direction for an extended period of time, the broker disables that market temporarily. He does this so that traders cannot trade that market to make an easy profit then re-enable it when it becomes unpredictable.
  • Refuse to Pay: Some brokers outrightly will not pay traders who have made winnings. Some give excuses of payment method issues which never get solve or they outrightly ignore you.

Don’t be deceive when a broker is said to be regulated. Most of these brokers are most of the time only regulated in Europe. This means that the regulation only protects people living in Europe. So, if you live outside Europe…, sorry they might play these tricks on you.

The solution to this broker fraud is to have a system that makes it technologically impossible to play these tricks on traders. These ways you don’t even need it to be regulated.

On spectre.ai, you do not need to deposit your money with a broker – there are no brokers – you trade directly from your wallet. This is made possible by the Ethereum blockchain.

Now you have the background, let’s get into this spectre review proper.

Update: I have included an options signal service for you at the end of this post. Enjoy

Spectre.ai Features

  • Tight spread lower than most brokers see here
  • No deposit required; trade directly from your Ether wallet
  • No hidden fees
  • No Broker
  • Leverage up to 200% when holding SXUT
  • Quick order execution
  • Smart Options (e.g. Close trade at profit before set time)
  • No negative balance
  • Friendly Support
  • Demo Account
  • Trade ideas
  • News flash Update
  • Tutorial Videos

Accepted Countries Canada and Europe Accepted

Traders from 11 countries are not allowed on Spectre.ai. Other than this, you can trade from every other country your countries specifically do not allow binary options trading, CFD and Forex trading.
Prohibited countries include; USA, Costa Rica, BVI, Caymans, Iran, Venezuela, United Kingdom, Syria, Somalia, North Korea and Yemen.

Supported Languages

English, German, Japanese, Chinese, Vietnamese

Trading Instruments (Spectre.ai Review)

By the end of 2020, the Spectre team has proposed to have over 2,000 markets available for trade. However, as at the time of this article, there about 46 currency pairs available for trade.

Spectre.ai Contract Class

The trading instruments are grouped into 3 contract class:

  • Smart Options
  • ULC-CFD
  • Fiat Contract (A-Book)

As at the time of this article, only the smart options contract class has been implemented.

Smart Options:

Smart Options is similar to binary options but better. In binary options, you choose a time duration for your trade, enter the amount you have to stake and choose your trade direction. If the chart went your way at the end of this time duration, you win if not you lose all the capital you allocated to the trade. With smart options, you can do this and in addition, you can also;

  1. Close trade at a profit or some loss before the timer expires (the last video I this article shows a practical example)
  2. Implement a 1% to 75% protection on your capital so you don’t lose it all if the trade goes against you. (this feature will be added in a few weeks)

There are various smart options types you can trade on this platform, this includes Knock-in – knock-out, High – Low, Call – Put, Barrier and order ladders.

ULC-CFD

I have a well-detailed definition of CFD in my review of 1Broker and my review of iq options. CFD (Contract For Difference) lets you trade on the speculative outcome of an asset without participating in the actual market. CFD is similar to Binary Options/Smart Options but different in that it removes the time limit. So when you make a trade, it stays live until you close it at a profit or loss. You can also set TP (Take Profit) or SL (Stop loss) in this case your trades closes on its own at the points you have set. This is basically what is traded on 1broker

Also, unlike other platforms that charge overnight financing, Overnight financing is not charged.

Fiat Contract (A-Book).

Classic A-Book Trading is similar to CFD trading but allows you to trade a wilder liquidity market across highly regulated fiat-based markets. Here you can also trade off the blockchain if you choose to do so.

Before proceeding, you can watch this 8 munites video of the spectre platform by the CEO Kay explaining the above and more.

Types of Account on Spectre.

There are 3 types of accounts a trader can create on Spectre. They are:

  1. Demo account: when you a register on this platform, you are automatically given a Demo account preloaded with 100ETH. With this you can trade on the platform to fully master it at no risk. You cannot withdraw the 100ETH as it is virtual.
  2. Wallet account: This is a real account that lets you trade directly from your Ethereum wallet. You do not need to make a deposit to the platform trade with this type of account. This means that if you make a win, the profit is directly credited to your Ethereum wallet. This type of account is fully decentralized. However, this means that each time you make a trade, you will have to pay the Ethereum Blockchain transaction fee (gas) as your transactions are confirmed on the blockchain.
  3. Regular account: This is a real account that is semi-decentralized. To trade on using this type of account, you will need to make a deposit to your Ethereum wallet on the spectre.ai platform. You still maintain full control of your wallet but the spectre team can monitor the activity of your wallet. Since this type of account is within the spectre Network, you do not pay the gas fee when trading. You only pay gas fee when you want to withdraw to an external wallet. The regular account payout is also about 3% – 7% higher when compared to the Wallet account payout.

Note: Traders holding SXUT. Enjoys a higher payout when trading.

Registration Requirements

To Start trading the Demo account, you will need to enter your name and email address and then confirm your email address. In compliance with regulation, the real account requires you complete the KYC (Know Your Customer) form to start trading. This includes uploading your proof of residency and ID card.

Ease of Use

The Spectre.ai Trading platform has a great interface with loads of information. Pro traders would really enjoy because of the extra information available that cannot be found on other options platform. The new traders will get the hang of it after a few minutes.

The trading room is well organized for easy and quick operation. Your balance and liquidity pool is shown at the top, trade ideas, wallet type, instrument and payout to the left. Trade button, Analytics, calendar and time zone to the left. Position held and history to the bottom. The Live Chart at the centre. You can choose the instrument you want to trade from the left, right or within the chart. The chart also has various tools to help you make trade analysis.

There is also a step by step tutorial that guides you through the interface once you sign up.

Deposit and Withdraw Method

The wallet account requires no deposit as you trade directly from your external Ethereum wallet. For the regular account, you have to make a deposit to your internal Ethereum wallet. You can do this Through Ethereum, Visa, Master Card and Wire Transfer. The minimum deposit is the Ethereum equivalence of $10.

Transaction Fees

There are no transaction fees when trading on the Spectre Platform. You only pay for gas, the frequency also depends on the type of account you are trading. The gas fee is minimal, it does not go to spectre but used to confirm transactions on the Ethereum Blockchain.

The question you might have now is. How does Spectre make money to pay its affiliate if there is no transaction fee? This whole concept is the business model of Spectre.ai as illustrated the 8 mins video above. Traders trade against the Liquidity Pool. The Liquidity pool is the money invested by those holding the Spectre tokens (SXDT or D-token). The liquidity pool value is affected by supply and demand of the tokens, Ethereum price as it’s connected to ERC-20 and gain or loss from traders trading against this pool. Spectre takes trading fees from this pool to pay its affiliate and the D token holders.

Customer Support

There is a 24/7 customer support in spectre via the live chat. The average response time is 5 mins. They are friendly, willing and eager to answer any question you might have. Some of the information in this article are gotten from responses from life support. You can also contact support via email ( [email protected] ) and social media.

Is Spectre.ai Legit or a Scam.

The simple and straightforward answer here is No. It is impossible to be scammed in this platform since you trade directly from your wallet. Even when you make a deposit to the platform, you are still in control because your fund is protected by the Ethereum smart contract.

Even though Spectre doesn’t need to get regulation since they do not handle traders’ funds. They are regulated by the Costa Rican Oversight and licensed with the Cert No. 58373902020.

The registration in Costa Rica is obviously for Tax reason.

Conclusion:

From the spectre.ai review above, you can see that it is an exceptional platform. It is the first new generation trading platform. It has solved the problem of broker fraud since there are no brokers. If you are looking forward to trading options, Spectre is your best bet.

Bonus: – Binary options Signals and Strategies.

Most Binary options signal services out there either demand too much for the service and yet do not deliver or are outright Scam.

So I have partnered with one of the best Binary options traders to provide a signal service. This signal service is designed to help you generate a guaranteed monthly income by trading Binary Options professionally. The service will be delivered Daily (Monday to Friday) Through our Facebook Messenger Channel.

However, we are still working on this service, it will be ready by August 2020. If you are interested in this service, Join the Facebook messenger channel now and you will be notified on FB messenger once the service is ready.

Risk Warning:

Financial trading is very risky and can result in account losses and total account wipeout if proper risk management procedures are not adhered to. Only trade with money you can afford to lose.

I talked about a trading video, in the beginning explaining some smart options features, Here you have it. It is 9 mins long.

If you enjoy reading this, share using the social media icons below.

Spectre.ai Broker Review

Overview

Spectre.ai Broker – 100$ Smart Options No Deposit Bonus! SPECTRE is a website that allows you to trade on the direction of currencies, commodities, stocks and other assets, for financial… more

Details

Broker Spectre.ai Broker
Website URL https://www.spectre.ai/campaigns/start-trading?ref=fNA4e
Founded 2020
Headquarters Spectre Global Limited, Artemis House, 76 Fort Street, Grand Cayman, KY1-1111, Cayman Islands.
Support Types Email , Live Chat
Languages English , Chinese , German , Japanese , Vietnamese
Trading Platform Owner
Minimum 1st Deposit 0.10 ETH for Regular Account | No Deposit for Wallet Account
Minimum Account Size 0.10 ETH for Regular Account | No Deposit for Wallet Account
Minimum Trade Amount 1$ for Regular Account | 50$ for Wallet Account
Bonus $100 Smart Options No Deposit Bonus (in ETH),
Payout up to 83%
Free Demo Account
Regulated
Regulation In VANUATU
Deposit Methods ETH , Credit / Debit Cards , Wire Transfer
Number of Assets 50+
Expiry Times Starting from 10 seconds/30 seconds/60 seconds
Types of Assets Wide range of assets, including major FX pairs and cryptos
Option Types Up / Down
Account Currency ETH
US Traders Allowed
Overall Score 9/10
  • The world’s first decentralized trading platform which runs on Blockchain

Full Review

Spectre.ai Broker – 100$ Smart Options No Deposit Bonus!

SPECTRE is a website that allows you to trade on the direction of currencies, commodities, stocks and other assets, for financial gain. Unlike traditional binary options brokerages, it sits on top of their’s global auditing technology meaning that it provides unparalleled transparency. Traders may choose the off-site trading account option and never deposit at SPECTRE to trade to see how things work. SPECTRE’s liquidity pool (i.e balance sheet) is owned by our platform users who receive rewards based on the traded volume in SPECTRE, and not by a centralised management.

Broker Bonuses & Advantages:

  • $100 Smart Options No Deposit Bonus (in ETH) – Click Here To RegisterUSING Bonus Code: PR-ACM2, with the following conditions: Users have to trade a total of $5.000 trading volume for initial bonus to be withdrawn and A deposit of equal amount to the bonus or $5000 in trading volume needs to be reached in order for profits to be withdrawn
  • The world’s first decentralized trading platform which runs on Blockchain
  • up to 83% Profit / Trade in Just 10 Seconds
  • Deposit Using ETH or Fiat Money
  • Low Minimum Deposit – 0.10 ETH and the minimum trade size is $1.00
  • Fast Customers Support
  • All the withdrawal requests from “Regular” wallets will be accepted within 24 hours and the “Wallet” account requests are instant.

Demo Account:

By choosing to start with a Demo account you can get immediate access to the SPECTRE.ai trading platform and start trading immediately with virtual Ethers (ETH). You will have full access to the platform and all its functionalities. No KYC is required for this type of account.

Regular Account:

In the Regular account you deposit Ethereum into a cryptographically secured, smart contract wallet and trade without any associated costs.

a) Directly from your Ethereum address (for those who already hold Ethereum)
b) Directly from your UPHOLD account where you can deposit in your local currency (ie EUR, GBP, USD) and get the equivalent Ethereum in your trading account, in order to begin trading.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

You are required to complete on-site KYC (under 5 minutes) before being able to start trading. The Regular account allows a range of trader upgrades and privileges if you hold the SXUT token.

Wallet account

The Wallet account is the fully decentralised, broker-less trading option. Here you never deposit and all trades are initiated by you through your cryptocurrency wallet using the SPECTRE trading platform. You pay gas cost for every trade and the liquidity pool incurs gas for the settlement of the trade. The payouts when trading from a Wallet account may be less than when trading from a Regular account.

You are required to complete on-site KYC (5 minutes) before being able to start trading. The Wallet account allows a range of trader upgrades and privileges if you hold the SXUT token.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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