Spectre.ai Review 2021

Spectre.ai Review 2021
Davis J.
Robertson A.
January 2021

251

Position
in rating

Trading terminals:

Spectre.ai proprietary terminal
251

Position in rating

2.23/10
Overall rating

Trading terminals:

Spectre.ai proprietary terminal

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of Spectre.ai Trading Company

The Spectre.ai (aka Spectre.AI) broker is registered as an international commercial company and started its activities under the regulation of Specter Trading Ltd in 2018. It is headquartered in the Griffith Corporate Center in Saint Vincent and the Grenadines. Spectre.ai provides trading services in the financial Forex market without the participation of a broker. The work is based on increasing the liquidity pool through crowdsourcing.

💰 Account currency: USD
🚀 Minimum deposit: From $10
⚖️ Leverage: Up to 1:2000
💱 Spread: From 0.0 pips
🔧 Instruments: Currencies, cryptocurrencies, CFDs, futures, metals, and options
💹 Margin Call / Stop Out: Not indicated
Attention!

Rebates against the spread are paid on trading accounts opened through the Traders Union website.

👍 Advantages of trading with Spectre.ai:

  • The minimum deposit is $10.
  • Low floating spreads from 0.0 pips on popular currency pairs.
  • Availability of a proprietary WEB trading platform and a mobile version of the terminal.
  • The ability to open an account from your electronic wallet (e-wallet) without transferring funds to the broker's deposit.
  • API connection to increase the speed of received data.
  • Support for cryptocurrency trading.
  • No restrictions on the time of the transaction.

👎 Disadvantages of Spectre.ai:

  • Inability to reach out to technical support using a toll-free number.
  • The only proprietary terminal is not supported.
  • No trading on currency crosses and investment programs for generating passive income

Overall

The Specter.аi broker is equally suitable for both novice and expert traders who are already familiar with the financial markets.

Visit Spectre.ai

Spectre.ai Latest Comments for 2021

9
0
6

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Spectre.ai published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Spectre.ai is one of the first brokers to employ the blockchain methodology. I started working with them two years ago when their SXDT tokens were still accrued in the form of dividends. Then you could exchange the tokens for Ethereum. I think that these guys need to implement more ground-breaking ideas and evolve more often.

The conditions in Spectre.ai don’t suit me at all. However, everything is a spitting image of binary options. The expiration time is about an hour. And this is a decent exchange. I know that the money in my e-wallet will always be protected. By the way, the transfer of profit from the transaction to the e-wallet is very fast.

I have been using the services of spectre.ai for a couple of months, but I have already been able to evaluate the quality of services. Everything suits me, the platform works smoothly, and the support team responds to the client promptly. They answer all your questions even if you have loads of them. I’ve withdrawn my profit without any problems!

I traded at Spectre.ai back in 2018. Hence, I bought and opened an e-wallet, but there was a minor issue in that I could not open a deal for more than $5. I do not know what happened, technical support did not answer my questions. Now I don't trade here, but I liked the platform.

Spectre.ai does not deviate from the regulations because it is written in the terms of trade, so they are respected. Depositing money is always on time. There are no brakes with performance either. And the conditions are acceptable, you can trade and earn money. I recommend this broker because I’ve checked it out thoroughly.

It’s a crackerjack platform. For those who like to use cryptocurrency for trading, Spectre.ai will be just what you need. All trading is conducted directly through the Ethereum e-wallet. Hence, the broker cannot steal the trader's money from the e-wallet in any way. The risk is only with the money for which the order is opened. In my opinion, Spectre.ai is one of the best trading platforms in the blockchain space.

I recently sold my SXDTs. To be clear, SXDT and SXUT are internal Spectre.ai tokens in the form of bonuses and a percentage of the trading volume on the platform.

2 3 >

Expert Review of Spectre.ai

During its activity, the broker Spectre.ai has characterized itself as a reliable partner for cooperation. A demo account and a minimum deposit of $10 allow novice traders to trade here. Clients are offered a wide range of trading instruments: currencies, futures, metals, indices, and many others. Trading is carried out directly, without the participation of a broker.

All transactions carried out on the platform of the Spectre.ai company are sent once a day for verification to the public digital register so that registered traders can be convinced of the honest work of the broker. Since the opening of the company, there have been no significant complaints against it, and small-time problems arising for clients during trading are promptly resolved by the support team correctly and mostly in favor of the traders.

The site has well-thought-out convenient navigation, which allows you to quickly find the necessary information and answers to your questions. All menu items are duplicated on the trading terminal for going to the site during trading if there is a need to clarify any points. In 2021, Spectre.аi plans to add the MetaTrader 4 platform, the most popular terminal among traders.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

2.23

Overall rating

2.02

/10

Execution of orders

2.44

/10

Investment instruments

2.08

/10

Withdrawal speed

2.38

/10

Customer Support work

1.86

/10

Variety of instruments

2.6

/10

Trading platform

Dynamics of the Popularity of Spectre.ai
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Investment Programs, Available Markets and Products of the Broker

The broker does not participate in trading, and therefore investment programs are not provided. Spectre.ai offers to receive trading signals to guide you on potential profits, however, the broker emphasizes that the service is an additional tool, and the trader must make a decision on the appropriateness of its use.

The uniqueness of trading on the Spectre.ai platform

Thanks to the crowdsourcing system, a high pool of liquidity is constantly maintained on the platform, and traders can trade directly without the participation of a broker. In this case, the company does not act as a counterparty, so the client trades against another trader or against the liquidity pool, the indicators of which are displayed on the terminal and are available during trading. Features of the service:

  • The ability to trade from the client's electronic wallet without replenishing the deposit.

  • API connection to increase data processing speed.

  • Risk management can be configured depending on a trader’s experience in trading.

  • Replenishment and withdrawal of funds, contacting technical support, changing personal data are made directly in the trading terminal.

After the established monthly fee has been paid, additional trading tools, a decrease in the spread, an additional percentage to payments, and an increase in the number of simultaneously open positions become available to the company's clients.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Spectre.ai affiliate program

  • Affiliate — for a partner who posts links to the company's website on the resources available to him (thematic sites, in social networks). The broker charges up to 50% of his income received from the client who registered using the link.

It should be borne in mind that income depends on the volume of trades and it does not matter if the trades were profitable or unprofitable. Partners have access to information about transactions in real-time and instant withdrawals of interest from referral transactions are possible.

Rebate and Discount Programs of the Traders Union for Spectre.ai

You can receive a rebate spread from the Traders Union for trading with the Spectre.ai broker. To do this, you need to register on the Traders Union website, and then open a trading account using the referral link posted in the broker's profile in the Traders Union. Rebates based on trading fees are paid for all completed transactions including those closed at a loss. All customers with active Spectre.ai accounts can participate in the rebate program. The procedure for re-registering existing accounts is described thoroughly here.

Try it!  Try it!

Trading Conditions for Spectre.ai Users

The offered trading conditions of the Spectre.ai broker can be considered one of the best in the Forex market. Payouts for digital contracts range from 5% to 200% depending on the asset, expiration date, and time of day. The main instruments are traded with zero floating spreads without additional trading commissions. If the client trades from his electronic wallet, funds are immediately credited to him. In addition, a trader can set an acceptable risk level for himself. The minimum deposit is $10.

$10

Minimum
deposit

1:2000

Leverage

24/5

Support

Spectre.ai proprietary terminal
💻 Trading platform: Spectre.ai proprietary terminal
📊 Accounts: Demo, Regular
💰 Account currency: USD
💵 Replenishment/Withdrawal: Ethereum, Help2Pay, AdvCash, Finrax, BOLETO, Page smile, Uphold, Pay4Fun, Fasapay, Skrill, Neteller, Perfect Money, Paysafe, RAPID, Unionpay, bank cards, and wire transfers
🚀 Minimum deposit: From $10
⚖️ Leverage: Up to 1:2000
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.0 pips
🔧 Instruments: Currencies, cryptocurrencies, CFDs, futures, metals, and options
💹 Margin Call / Stop Out: Not indicated
🏛 Liquidity provider: Spectre Trading Ltd (proprietary aggregator)
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Instant execution, Market execution
⭐ Trading features: Trading without the participation of the broker
🎁 Contests and bonuses: Chance to receive up to $1,000 every week and $50,000 once a year

Comparison of Spectre.ai with other Brokers

Spectre.ai FxPro XM Group Admiral Markets UK AvaTrade eToro
Trading
platform
No MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MobileTrading, WebTrader
Min deposit No $100 $5 $200 $100 $200
Leverage No From 1:1
to 1:200
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:2
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread No From 1 point From 1 point From 0 points From 0 points From 2 points
Level of margin call
/ stop out
No 50%  /  50% 100%  /  50% 100%  /  30% 25%  /  10% No
Execution of orders No Market Execution, Instant Execution Market Execution Market Execution Instant Execution Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes No

Broker comparison table of trading instruments

Spectre.ai FxPro XM Group Admiral Markets UK AvaTrade eToro
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes No Yes Yes Yes Yes Yes
Stock No Yes Yes Yes Yes Yes
ETF No No No Yes No Yes
Options Yes Yes No No No Yes

Spectre.ai Commissions & Fees

Information

Based on the analysis performed on the trading conditions of Spectre.ai, the experts at Traders Union haven’t come across any hidden fees. There are no fees for withdrawal or replenishment, but since trading is based on the decentralized Ethereum platform, the cryptocurrency is converted into USD upon replenishment and back upon withdrawal. Also, fees can be charged by payment systems and banks through which the transfer is made. During periods of low liquidity, spreads for popular currency pairs range from 1 to 2 pips.

Account type Spread (minimum value) Withdrawal commission
Regular From $1 No

On the broker's website, there is no information about whether it charges a commission for transferring a position to the next day (swap). Traders Union also made a comparative analysis of trading fees in Spectre.ai with similar indicators of its competitors. Based on the comparison, each broker was assigned a low-to-high level for this criterion.

Broker Average commission Level
Spectre.ai $1 Low
FxPro $13.2 High
Spectre.ai
$1
FxPro
$13.2
Conclusion

Spectre.ai offers low fees at a low level. At the same time, the time of liquidity decrease, the spread value can increase up to 2 points. However, the broker participates in the Traders Union spread rebate program, so a trader-partner of Traders Union can be compensated for part of the trading fees.

Detailed Review of Spectre.ai

Spectre.ai is a constantly evolving company that uses ground-breaking technologies to accelerate the acquisition of information. Thanks to the use of a decentralized platform, the trading process takes place without the participation of a broker. Spectre.ai offers optimal trading conditions for traders of any experience and capital stock. The company's clients have access to an extended list of trading instruments, a low minimum deposit, and low floating spreads.

Those who have not yet decided on the choice of an intermediary in Forex will be interested in the following data about Spectre.ai:

  • The company plans to connect the MT4 terminal In 2021.

  • The broker uses over 20,000 transaction processing nodes.

  • For the first time, traders may trade digital contracts, the potential profit for which can reach 400%.

Spectre.ai is a company that values its reputation and makes trading as transparent as possible

Spectre.ai offers a proprietary trading platform with the ability to obtain all available information without visiting other sites. It also offers a vast array of additional features to make trading more profitable. For those who prefer to have access to work at any time, there is a mobile version based on Android. In this case, simultaneous trading from several accounts is possible.

The use of the Etherium Blockchain service involves an independent third-party verification of the prices of entry and exit from transactions, as well as the client's work without the participation of a broker and raising funds to a third-party account. For these reasons, it becomes impossible for traders to interfere with trading.

Useful Spectre.ai Services:‌

  • Trader's Bay. Here you can get sparkline charts for technical analysis of the market.

  • Analytics. There’s an analysis of a list of all transactions carried out during the day.

  • Meditation. Psychological training from Forex industry experts.

Advantages:

1

Availability of its WEB platform with a section for personal account settings.

2

Access to trading without the participation of a broker.

3

Possibility of linking a personal electronic wallet to a trading account.

4

Increased speed of data exchange due to the use of the API service.

5

A vast array of trading instruments, including precious metals and cryptocurrencies.

6

The ability to receive passive income through the referral program. 

Since liquidity decreases only at night or when trading exotic instruments, there is no spread during most sessions.

How to Start Making Profits — Guide for Traders

Spectre.ai is suitable for traders with different levels of expertise, from the beginner to the professional. The broker offers only one type of account, which each client can customize for their own trading needs. 

Account types:

Account Type
Description
Regular
Regular is an account with an initial set of functions and instruments. The maximum trade size is $1,000. The allowable number of simultaneously open positions is 1. The minimum deposit is from $10, spreads are from 0.0 pips. In the Trader's Bay section, the functionality can be expanded by several parameters. Chains provide access to assets with a 400% bonus to payouts after making three winning trades in a row. Jumbo trades provide an increase in the maximum trade size up to $2,000. Waterfall allows the simultaneous opening of two positions. Shredders spread reduction by 50%, and Spark adds sparkline charts. Connecting Microtrading allows you to open deals from $0.5. Templates provide five trading templates. Also, a trader can access FX instruments with a 1-5% increase in profit.

A distinctive feature of the broker is that after opening a demo account, it can be transferred to a real account without opening a new one. To do this, it is enough to link your electronic wallet to your account.

Spectre.ai offers extensive functionality for developing individual strategies and makes it possible for both beginners and professional traders to trade hassle-free.

Bonuses Paid by the Broker

Competitive SIP Incentive Program

The trader who has demonstrated the highest trading volumes according to the results of the last week is provided with a trading bonus in the amount of $1,000. At the end of the year, the broker credits $50,000 to the trader with the highest trading volume.

Spectre.ai bonuses — SIP
Spectre.ai bonuses — SIP

Bonus from Traders Union

Each Spectre.ai client can receive a bonus in the form of a rebate against spreads from Traders Union. To participate in the Traders Union affiliate program, you need to open a new account or re-register a current trading account through the Traders Union website. After the start of trading, the Traders Union begins to return to the partner trader part of the funds spent to pay the broker’s spread. The rebate is paid on all transactions made on Forex, regardless of their result.

Investment Education Online

Information

There is no initial training in trading on the broker's website. However, for those who already know the terminology and know the principles of trading, the information on trading models and methodologies is presented in an onsite video, which is contained in the Education section. It is very useful.

Information provided in the Trading Guides section
Information not available on the Spectre.ai website
Applying strategies on the web platform
FX terminology
Educational webinars
Projections for technical and fundamental analysis
Economic calendar
The basics of trading and making transactions

All information provided is available for use on a demo account.

Security (Protection for Investors)

Information

Spectre.ai is not regulated by external regulatory authorities. The company is registered in Saint Vincent and the Grenadines (registration number 25113 IBC 2018).

A guarantee against fraudulent activities is provided via blockchain technology, which uses decentralized servers that prevent brokers from participating in trading.

👍 Advantages

  • Regulation of the degree of risk by the client himself
  • Direct trading opportunity

👎 Disadvantages

  • No external regulator
  • No insurance coverage in case of company bankruptcy

Withdrawal Options and Fees

  • The account is replenished immediately after the transfer of funds. The withdrawal request is processed within 24-48 hours from the time of submission.

  • After processing the application, when withdrawing to an electronic wallet, crediting occurs in a blink of an eye, although it can take from 2 to 6 working days to withdraw funds to a bank card.

  • It is possible to withdraw funds to an e-wallet of one of the 16 offered payment systems or a bank card. Depending on the chosen EPS method, a fee might be charged.

  • Withdrawal and deposit of currency is only in USDs.

  • It is possible to attach your Ethereum e-wallet and trade directly from it.

Customer Support Service

Information

The company's specialists provide round-the-clock support on weekdays.

👍 Advantages

  • There is an online chat
  • Support is available in six languages

👎 Disadvantages

  • Phone support is subject to additional fees
  • A one-time code is issued for a phone call

Available communication channels with customer support specialists include:

  • online chat;

  • email;

  • specified phones.

  • feedback form.

Live chat support is available in English, Estonian, Croatian, Indonesian, Spanish, and Portuguese.

Contacts

Registration address Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent, and the Grenadines
Official site
Contacts

Review of the Personal Cabinet of Spectre.ai

To start working with Spectre.ai you need to:

1

Register on the Traders Union website and go to the broker's website using a unique referral link. On the main page, select one of the nine available interface languages and click the Login button.

Spectre.ai Review — Official site
Spectre.ai Review — Official site
Spectre.ai Review — Official site
2

Complete the registration, specifying the password and email address, which will receive a confirmation letter. After that, it will be possible to log in to the site and gain access to the trading terminal and your personal account. Before making a deposit, you must provide scanned copies of documents for identity verification.

3

In your personal account, you can perform the following actions:

1. Account replenishment and withdrawal of funds.
Spectre.ai Review — Account deposits & withdrawals
Spectre.ai Review — Account deposits & withdrawals
2. Open an account and create an internal e-wallet:
Spectre.ai Review — Account opening
Spectre.ai Review — Account opening
1. Account replenishment and withdrawal of funds.
Spectre.ai Review — Account deposits & withdrawals
Spectre.ai Review — Account deposits & withdrawals
2. Open an account and create an internal e-wallet:
Spectre.ai Review — Account opening
Spectre.ai Review — Account opening

These additional actions are also at your disposal:

  • Installing the platform app and configuring it.

  • Direct and quick contact with technical support.

  • Edit personal data.

  • View the latest analytics for trading instruments.

Tags:

Spectre.ai Spectre ai

The Oldest Reviews of the Spectre.ai

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Spectre.ai published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I want to confirm that the Spectre.ai broker is stable and this is very important. I opened a trading account here a long time ago and I still trade. I will not name the exact amount of profit that I earned, but the fact is that everyone always paid me. The deals have never been canceled. Although my trading is risky, sometimes I trade using pips.

Spectre.ai is the only normal broker that won’t steal your money. In terms of reputation, everything is transparent, based on the reviews of Spectre.ai’s clients. The speed of the withdrawals is off the charts and they have responsive technical support. I like everything!

It’s a rock-solid trading company. The idea of trading directly from a crypto e-wallet is not new, but Spectre.ai has fully implemented it. There is no regulation and this is a huge drawback. But now the attitude to the cryptocurrency market is twofold. It seems to provide an opportunity not to disclose your personal data, but at the same time, there is a lot of fraud.

The blockchain system is applied here. Even the account does not need to be replenished, all trade goes directly from the crypto e-wallet. As for me, this is a very convenient thing. You register on the platform and trade through the Ethereum e-wallet.

I have been trading at Spectre.ai for about six months. There were a couple of situations at the start of trading here where I had to contact support. But the questions were resolved quickly and that was fine with me. Today I trade cold-bloodedly and know that if something suddenly goes wrong, the support will solve the problem. I’m overjoyed.

Anyone who knows the ropes in trading and cryptocurrencies, in general, knows that the Spectre.ai exchange is what you need. You work directly with Ethereum, all deposits and withdrawals are made via your e-wallet. And I will also note that the exchange always follows the course of the ether. Yes, there are a bunch of instruments for currency pairs. But everything is similar; it all depends on the course of the ether.

Spectre.ai is one of the front-runners in the Forex market. I did not have any serious problems in trading here and had the time of my life. I can safely recommend this broker.

Author of this Review

Spectre.ai broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Spectre.ai rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Spectre.ai you need to go to the broker's profile.

How to leave a review about Spectre.ai on the Traders Union website?

To leave a review about Spectre.ai, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Spectre.ai on a non-Traders Union client?

Anyone can leave feedback about Spectre.ai on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Spectre.ai through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.