Spectre Review

[NiKoLaI]

Spectre.AI is an industry leading blockchain based trading platform. It claims to be the future of digital option, forex and CFD trading providing brokerless access to international markets. Powered by DALP, the platform executes smart option contracts that are fraud-free. Unlike traditional brokers where trades are handled by an intermediary (a broker you have to trust) Spectre.AI logs trades into a blockchain where they are verifiable across the publicly distributed ledger network. This means 24/7 liquidity, no account managers, no sales people and zero opportunity for fraud.

Key Facts :
Minimum Deposit $10 (ETH)
Payout : Up to 200%
Demo : Yes

Decentralized Trading You Can Trust

DALP stands for decentralized autonomous liquidity pool and is the heart of the system, allowing for instantaneous execution of trades. This is how it works, the system first tries to match new orders against the order book, if there is no opposing trade the system then executes the order against the DALP. This system ensures that all trades are filled, all trades are filled in a timely manner and removes the uncertainty of broker reliability from the equation. At the time of this review the DALP held more than 7,600 ETH (Ethereum) for a net liquidity greater than $4.5 million US dollars.
To be clear, Spectre.AI is not a new stand-alone blockchain network. It is an ERC-20 protocol built on the Ethereum network. Ethereum is the most advanced blockchain network, allowing for new blockchains and blockchain technology to be built on top of its infrastructure. There are no deposits with Spectre.AI either, not to say you are trading with “free” money. The way it works is simple, you can link an existing Ethereum wallet to the network and trade from there, or use a secure and private smart-contract on the Spectre.AI blockchain. This means Spectre.AI never has access to your money and can never impede your withdrawals.
With most brokers settlement of trades happens behind the scenes, if at all. The Spectre.AI smart-contract trades are settled immediately upon expiry and verified by the Ethereum blockchain network.

Trading Platform

The Spectre.AI system works on a fee system, there are no commissions, and spreads are much tighter than what you will find with most other brokers. For example, the average spread for the EUR/USD among forex brokers is 12 pips, Spectre.AI is less than 6 pips. This means better execution and higher win rates because there is less spread to overcome before profitability. The downside is that payouts on digital options (binaries) is a little lower, about 75%, than what you find with most EU/CySEC brokers but that won’t matter if you are winning more often.

Spectre.AI Assets And Contracts

What can you trade on Spectre.AI? Everything. Spectre.AI offers smart-contracts on binary return derivative, traditional forex pairs, and CFDs on commodities, stocks, indices, bonds and cryptocurrencies. Most assets will not have leverage but the forex pairs will enable up to 40X leverage. Payouts on some binary return derivatives will reach as much as 200%.

Spectre.AI Withdrawals

Because Spectre.AI is an Ethereum powered blockchain you will need to own ETH to use it. This is a simple task to fulfill as ETH can be purchased on just about any of the major cryptocurrency exchanges. Withdrawals are super easy and made easier if you are using a stand-alone wallet. Funds paid into the Spectre.AI wallet may take 24 hours (depending on the ETH network volume) to show in your exchange wallet, earnings paid to stand-alone wallet are paid to that address instantaneously, as soon as the contract is verified, and available for exchange or withdrawal immediately.

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