Spectre.AI review. Our Spectre.ai member reviews include cross-platform and mobile app capabilities, as well as the latest news on dividend tokens, whitepapers and demo accounts. Read on and log in to Lost today to find out if this block-based trading platform can truly transform digital commerce.
Spectre.AI is a leading blockchain based trading platform. It claims the future of digital options, forex and CFD trading that provides broker-free access to international markets through mobile platforms and applications. Powered by DALP, the platform executes fraud-free smart options contracts. Unlike traditional brokers where trades are handled by intermediaries (brokers you have to trust) Spectre.AI logs trades to blockchains where they can be verified across a network of distributed public ledgers. This means 24 days of liquidity, no account managers, no sales people and zero chance of fraud.
Key facts:
Minimum Deposit $10 (ETH)
Payout: Up to 200%
Demo: Yes
Decentralized trading that can be trusted
DALP stands for decentralized autonomous liquidity pool and is the center of the system, which enables instant trade execution. This is how it works, the system first tries to match the new order against the order book, if there is no trade against the system then executes the order against the DALP. This system ensures that all trades are fulfilled, all trades are filled at the right time and removes the uncertainty of broker reliability from the equation. At the time of this review DALP held more than 7,600 ETH (Ethereum) for a net liquidity of more than $4.5 million US dollars.
To be clear, Spectre.AI is not a standalone blockchain network. It is an ERC-20 protocol built on the Ethereum network. Ethereum is the most advanced blockchain network, which allows new blockchain technologies and blockchain technologies to be built on top of its infrastructure. There is no deposit with Spectre.AI either, not saying 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 smart and private smart contracts on the Spectre.AI blockchain. This means that Spectre.AI never has access to your money and cannot block your withdrawals.
With most broker solutions trading happens behind the scenes, if at all. Spectre.AI smart trades are settled instantly upon completion and verified by the Ethereum blockchain network.
Trading Platform
The Spectre.AI system works with a fee system, there are no commissions, and the spreads are tighter than what you will find with most other brokers. For example, the average spread for 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 profit. The downside is that the payout on digital (binary) options is a bit lower, about 75%, than what you find with most EU / CySEC brokers but that won’t be a problem if you win more often.
Assets And Contracts
What can you trade on Spectre.AI? Everything. Spectre.AI offers smart contracts on binary return derivatives, traditional forex pairs, and CFDs on commodities, stocks, indices, bonds and cryptocurrencies.
Most assets will have no leverage but forex pairs will allow up to 40X leverage. Payouts on some binary return derivatives will reach as much as 200%.
EPIC
In late 2020, Specter also added EPIC to their offering. Epic stands for Epochal Price Composite Index and provides aggregates of past market movements and mimics live markets. These assets can be traded just like any other, but are available 24/7. All prices are based on real time market value.
Production of Spectre.AI
Because Spectre.AI is an Ethereum-powered blockchain, in the past you had to have ETH to use it. However, this is changing. Ghost is trying to open FIAT currency deposits, and therefore, USD can now be used for deposits and withdrawals.
Withdrawal is very simple and easy to do if you use a standalone wallet. USD withdrawals can be made to certain areas as well. Funds spent into the Spectre.AI wallet may take 24 hours (depending on the amount of network ETH) to appear on your exchange wallet, earnings paid to a stand-alone wallet are paid to the address instantly, once the contract is confirmed, and available for exchange or withdrawal immediately.