Author: Robert Sammut
Trading Coach
Robert Sammut

Spectre.ai Review 2019

Spectre does NOT accept customers from United States.

We recommend you view our top rated US websites.

Spectre Logo
  • US Traders
  • 80+ Assets
  • 1-3 Day Payouts
  • Mobile Friendly
  • Low Deposit
Demo: Licence:
Deposit Methods: Visa MasterCard Neteller Skrill
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Spectre Screenshot Spectre Screenshot Spectre Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Our Expert Rating
Overall
4.7
Accounts
4.5
Trades
4.6
Bonuses
5.0
Mobile
4.7
Banking
4.6
Features
4.6
Support
4.9

Introduction

Introduction

Spectre.ai is a broker-less platform where traders get to trade binary options directly against the financial markets on a choice of assets. In a break with tradition they also don’t require a deposit, meaning that you can trade directly from your digital wallet without the need for opening an account with a minimum amount of funds. Based in The Cayman Islands, they offer their services worldwide.

Offering binary option, Forex and CFD trading, Spectre.ai is a less a financial trading company and more a tech provider meaning that the platform is great for both desktop and mobile trading. There is no need to worry about losing your money on a platform that is built on such a secure system. With so many unique features it is worth investigating further.

Of course, deciding whether Spectre.ai is the broker for you can be tricky, especially if you don’t understand options trading fully yet. That is why our comprehensive review of this broker will allow you to make an informed decision based on our thorough research and feedback, making your trading experience a much easier one.

In this review, you will learn:

  • Why trading with Spectre.ai is so unique
  • How easy it is to trade on this new platform
  • What are the asset and trade types offered
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

4.5
Account Types

Unlike other binary options brokers there are not a myriad of accounts to choose from as the system is much different in its offering. Instead of having to deposit a minimum amount of money to get all of the benefits of the platform, you simply trade directly from your own digital wallet. Without an intermediary broker, you are simply making a transaction directly between your wallet and the markets. There are no deposits and no withdrawals.

Wallet Account

It seems strange to label this as an account type as it really isn’t. There are absolutely no deposits or withdrawals. You simply trade directly from your crypto wallet. Any winnings are sent straight back to the wallet as well. As well as removing the middle man and reducing the time you wait for your money, it also ensures fewer transaction fees.

You don’t need to worry about currency conversion or deposit or withdrawal fees. While there is no requirement for depositing funds, the minimum trade value is $50. You trade your $50 and if you win it is returned straight back to you with your winnings.

Regular Account

There is another option and this is a minimum $10 deposit to a privately escrowed Ethereum wallet. As the trades are confirmed through the Blockchain there is still no opportunity for funds to be manipulated. When you wish to withdraw any winnings, the money goes straight from the private escrowed Ethereum wallet to your private Ethereum wallet. The minimum trade size on a regular account is $1, unlike the $50 with a wallet.

What these accounts aim to do is give you a direct experience without any middle men or chances for fund manipulation. By acting as a tech provider rather than a brokerage, there is no one other than you that has access to your funds and you are solely responsible for your own trading experience. That said, you are not on your own as there is a customer support team.

Supported Languages
German
English
Japanese
Vietnamese
Chinese

Trade Types And Payouts

4.6
Trade Types And Payouts

There are many assets available on the trading platform. You can choose from all of the major currencies as well as digital assets, stocks and commodities. If you fancy trading in currencies for a while and then switching to gold or silver then you can absolutely do so. It is worth adding that as this platform is constantly evolving, there are likely to be more options added in the future.

Short Options

There are a number of opportunities to trade on the Spectre.ai platforms to suit your particular trading style. If you are a beginner and want to see some quick results by executing trades with fast expiry times then you can choose 60 second trades, 5 minutes, 15 minutes, 30 minutes, 1 hour etc.

Intraday Options

You can also choose to place trades with expiry times of 12 – 24 hours. These tend to be preferred by those who are more experienced when it comes to binary options trading and that have a little more patience or knowledge of the markets and the assets that they trade in. They can often be subject to a higher movement of the markets and so carry a greater risk.

Placement Options

There are two different types of trade placements. These are the standard immediate trades when you make the trade and enter it straight away and then there is the pending order trade. What this means is that you enter the trade at a specified pre-defined rate. You set up the trade based on the future price. When the trade reaches that price, your trade begins and then it will place the order in the direction that you choose.

You can do this either by defining it when you place the trade or you can set up an alert for you to enter the trade manually when the price is reached. If you wish to place a time limit on the entry price being reached, you can set it to expire if this does not happen.

The broker operates a weekly free contest, with a prize fund of up to $20,000.

Bonuses And Promotions

5.0
Bonuses And Promotions

Unlike other traders where you may be awarded a bonus for depositing funds, you don’t need to deposit funds so there is no welcome bonus. The nature of this trading experience means that the benefits speak for themselves and the secure trading environment is it’s unique selling point. They do not use the usual incentives to entice you to trade with them and they aren’t asking for a commitment.

You simply log on and trade as and when you feel like it with little need to deposit any funds.

Mobile Trading

4.7
Mobile Trading

There is no mobile app available yet however if you visit the website, it clearly states that a mobile app will be available in 2019 (Jan 2019). That said the mobile website is both comprehensive and intuitive and allows you to enjoy all of the feature of trading from your device.

The mobile responsive nature of the site means that it is intuitive to the device that you are using and will render the site in the best possible format.

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Deposits And Withdrawals

4.6
Deposits And Withdrawals

As we have already mentioned, this is not your traditional binary options broker and you do not need to deposit funds into an intermediary account in order to trade. With a wallet account, you simply enter the trade with money from your own digital crypto wallet. The minimum trade price to do this is $50. Withdrawals don’t exist – winnings are simply sent straight back to you.

There is the opportunity to deposit funds in Escrow with a regular account with a minimum requirement of $10 and a minimum trade amount of just $1. The traditional rules of depositing funds and waiting to withdraw them do not exist with this broker.

Special Features

4.6
Special Features

If you haven’t already worked it out yet, the special feature of this broker is security. There is no need for you to risk your money with an intermediary, you simply trade between you and the markets.

There is no need for a deposit which also eliminates time spent waiting for withdrawals. The idea is simplicity and security when it comes to trading binary options. The liquidity pool is capitalised by the initial investors.

Customer Support

4.9
Customer Support

While there is no broker as such, there is customer support so while you are trading directly on the markets, you can get help when you need it. Simply open up the chat box in the bottom right hand corner of the screen to start your chat.

You can also enter your name and contact details to send a direct message. For extra peace of mind, you will see that there are visible social media platforms to connect with including Facebook and Twitter.

Here are the contact details for Spectre:

  • Email - support@spectre.ai
  • Address - Spectre Global Limited, Artemis House, 76 Fort Street, Grand Cayman, KY1-1111, Cayman Islands

Conclusion

4.7
Conclusion

Spectre.ai is quite different to other binary options brokers in the way that they offer their services but essentially, they are offering the same thing, which is the chance for you to trade on your favourite assets. They clearly work hard to promote peace of mind and security for you as the trader while offering all of the features that you would expect from a broker.

As a new entity with a novel way of doing things we think it is only a matter of time before others follow suit. If it is security that you are looking for then you won’t go wrong with Spectre.ai.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Spectre.ai FAQ

Is Spectre.ai legit, will they scam me?

It's clear that the ethos behind this platform is legitimacy. Spectre.ai sees itself as a tech provider with the liquidity of the trades provided by the initial investors.

Do they have a decent mobile or tablet app?

They do indeed have a mobile offering but at this stage there is no app. The app is promised for 2019. They do offer a very mobile responsive website.

What bonus do they offer for new traders?

No, there are not any welcome bonuses for new traders. This won’t matter to most traders that prefer the thought of not having to deposit funds.

Can I start trading on a free demo account?

There is no demo account as the trades are made direct. There is however a regular account where you can deposit $10 and benefit from $1 trades, perfect for those that are new to binary options.

What's the minimum deposit and trade amount?

Essentially there is no minimum deposit when you use the wallet option. If you wish to take a regular account however, you will be required to make a $10 minimum deposit which is held in Escrow.

Meet The Author
Robert Sammut
Robert Sammut
Trading Coach

Robert has consulted for Binary Options Expert for 5 years and is a well established member of the team. Whilst he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company. Learn more.

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