In this article, we are reviewing Spectre.Ai (Spectre.Ai Review): This is an unconventional trading platform based on blockchain technology.
What is Spectre.Ai?
Spectre.Aai is a trading platform that facilitates digital contract and CFD trading. Here are two main points that separate it from other trading platforms.
No broker in Spectre.Ai
With spectre.ai trading, the deals are directly done with the collection of property of the spectre or other traders. The broker does not participate anywhere in the process.
The liquidity pool is crowded (controlled by many parties, not a broker). So neither traders nor Spectre.ai has access to it. To achieve this, the platform uses Ethereum blockchain technology.
No deposit in Spectre.Ai
With traditional brokers, traders usually deposit from their bank accounts. Spectre provides a facility to deal with a digital wallets or safe portals directly on trading platforms.
Trader fills either their Ethereum account on a platform or off-site in any recognized Ethereum wallet. If the latter process is adopted, the fund is traded directly from the wallet, actually without transferring to the platform.
What to trade on Spectre.Ai?
According to Spectre.ai, customers can trade digital contracts and CFD at various assets. Dealing on these financial instruments does not actually involve their ownership. Trader only try to estimate the direction of the price movement - up or down. If the estimate is correct, they make a profit based on the difference between the initial and final prices.
Spectre.Aai Traderroom Observation
Spectre.ai trading platform is available only in the browser version and as a mobile application for Android devices. There is currently no desktop version or spectre trading app for iOS.
Risk Management Tools
A trader can apply various trade setups and risk management tools. There are many pre-filled templates here that traders can use based on their risk tolerance.
Once the template is selected, appropriate variables, such as stop-loss levels, will be set automatically.
These settings help traders to protect their money and manage possible losses.
Tools for analysis
There are specific graphical tools, such as trend lines, and more than 100 indicators for technical analysis. In addition, traders can also track two assets simultaneously using twin chart feature.
Customer Service
To contact with Specte.Aai help, traders must verify their identity with a unique temporary code. They can do this by going to the account setting on the platform. Help is mainly available in English. Additional languages (Estonian, Croatian, Indonesian, Spanish, Portuguese) can be included on the basis of current time and availability.
Type of Spectre.Ai Account
#Wallet account
It is a fully decentralized trading option, where traders do not submit on the platform. All trade of-sides are made using private wallets. A gas cost (one fee) is incurred for each trade. For this account, the minimum trade size is $ 50.00.
#Regular account
It is a normal account, where the amount is directly deposited from the bank account or card/Ethereum/bitcoin address (then converted to USD)/or deposited from an uphold account. From the uphold account, traders can deposit money in their local currency and get equal amount in USD in their account. For this account, the minimum deposit amount is $ 10.00 and the minimum trade size is $ 1.00.
#Defi account
A trader can choose to use any available Defi currency (SNX, KNC, Band, Link, USDC, PAX) to deposit for spectre.ai trading. However, in this case the fund is not converted into Fiat currency (such as USD).
Spectre.Ai Trading Benefits
The main benefits of us during the Spectre Broker Review are given here which some traders may like.
#24/7 Trading
Most assets 24/7 are available for trading. This has become possible due to the platform's crowd supported liquidity pool model.
#Safety and Transparency
Spectre.Aai uses global auditing based on blockchain technology. Their approach is to make trades more secure. On this, traders can use the off-site trading account option and can make a deal without depositing money on the platform anytime.
#Free Demo Account
Even before the first deposit, all traders have unlimited access to a free practice account. As a result, it allows them to gain some experience with virtual funds before trading with real money.
#Trading Competition
Spectre.ai has an incentive program: Traders with highest trade volume can receive a weekly $ 1000 prize. All traders with actual accounts can participate (demo accounts are not eligible).
#Spectre.Aai token
A Spectre Trading Review also revealed special conditions for traders having utility tokens (SXUT). It is a cryptocurrency that traders can only purchase with atherium. In your digital wallet, traders with spectre.Aai token can reach high payment, more asset, high trade size and other benefits.
Spectre.Ai Trading Losses
#A limited number of assets
Spectre.Aai Trading is limited to standard asset options: it does not offer a variety of stocks or any commodity. However, many traditional brokers may not match the variety of cryptocurrency types (over 40) available on spectre.ai.
#Availability of Platform
Spectre.Ai iOS does not offer a desktop version or spectre trading app for the device. Some traders may find this uncomfortable, as they cannot easily reach the platform from any device.
#Live Chat Availability
There is no live chat on the platform, traders have to request a temporary code every time seeking help. Although it can provide an additional layer of safety, it requires additional steps and it slows down the process.
#Conversation with other Traders
Spectre.Aai platform does not provide any opportunity to interact with other traders, such as chat or social trading. The leaderboard with current competition results for the incentive program is available only on the website.
#Market Analysis
Based on our spectre trading review, it does not provide any equipment for market analysis, such as the economic calendar or the company's income report. As a result, traders have to look for market news and trade opportunities on other platforms, which may require more time and effort.
Conclusion
Spectre.Aai is a trading platform based on blockchain technology that can be attractive to pro-crypto people. If you are excited to trade different types of cryptocurrency from your digital wallet, Spectre.Ai may be suitable for you.
FAQ's
What Is Spectre.ai?
Spectre is an online binary options broker built on a blockchain system that allows users to trade directly with the market. Instead of acting as an intermediary, payments flow directly to and from your e-wallet.
How Much Money Do I Need To Trade On Spectre.ai?
There is no minimum deposit at Spectre.ai. However, the minimum trade size on the platform is $1.
Does Spectre.ai Have A Mobile App?
Yes but only available for Android
Is Spectre.ai Available In The US?
No,
Read Also
- Top 8 NFT Wallets in 2022
- Best NFT Rarity Tools in 2022 | Top 5 NFT Tools To Find the Best NFTs
- What is Huobi App | How to Download Huobi App in 2022
- Cryptocurrency Bill Update
Add a comment