Specter. AI review. Our expert review of Spectre.ai includes the latest news on trading platform and mobile app usefulness as well as dividend tokens, white papers and demo accounts. Read this spec and log in to see if this blockchain-based trading platform can really transform digital trading.
Specter.AI is an industry-leading blockchain-based trading platform. It claims to be the future of digital options, forex and CFD trading, providing brokers access to international markets through a platform and mobile app. Powered by DALP, the platform executes fraud-free smart options contracts. Unlike traditional brokers, where transactions are processed by intermediaries (intermediaries that must be trusted), Specter.AI records transactions on a blockchain that can be verified through a publicly distributed network of ledgers. This means 24/7 liquidity, no account managers, no salespeople and no chance of fraud.
Important 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, enabling instant trade execution. This is how it works, the system will first try to match the new order with the order book. If there is no counter trade, the system will execute the order against 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, DALP held over 7,600 ETH (Ethereum) for net liquidity of over $4.5 million.
Clearly, Specter.AI is not a new standalone blockchain network. It is an ERC-20 protocol built on the Ethereum network. Ethereum is a state-of-the-art blockchain network that allows new blockchains and blockchain technology to be built on top of its infrastructure. There are no deposits at Specter.AI and you cannot say you are trading with “free” money. How it works is simple. You can connect your existing Ethereum wallet to the network and transact there, or use secure private smart contracts on the Specter.AI blockchain. This means that Specter.AI cannot access your money and cannot interfere with your withdrawal.
Most brokers do trades, in most cases behind the scenes. Specter.AI smart contract transactions are immediately settled upon expiration and verified by the Ethereum blockchain network.
Trading platform
The Specter.AI system works on a commission system, there are no commissions, and the spreads are much tighter than most other brokers. For example, the average EUR/USD spread between forex brokers is 12 pips and Specter. AI is less than 6 pips.
This means better execution and higher win rates as there are less spreads to overcome before profitability. The downside is that the payouts on digital options (binaries) are slightly lower, around 75% compared to most EU/CySEC brokers, but it doesn’t matter if you win more often.
Assets and contracts
What can you trade on Specter.AI? every. Specter.AI offers smart contracts for binary yield derivatives, traditional forex pairs, commodities, CFDs on stocks, indices, bonds and cryptocurrencies.
Most assets do not have leverage, but forex pairs enable up to 40X leverage. Payouts on some binary profit derivatives reach up to 200%.
epic
In late 2020, Specter added EPIC to its offerings. Epic stands for Epochal Price Index Composite and provides a complete set of past market movements and mimics the real-time market. These assets can be traded like any other, but are available 24/7. All prices are based on real-time market value.
Spectre. AI withdrawal
Because Specter.AI is an Ethereum-based blockchain, you have had to own ETH in the past. But this has changed. Specter wants to open FIAT currency deposits, so USD can now be used for deposits and withdrawals.
Withdrawals are super easy and easy if you use a standalone wallet. USD withdrawal is not possible even in certain regions. Funds paid to the Spectre.AI wallet may take up to 24 hours depending on ETH network volume, and earnings paid to the independent wallet will be immediately paid to that address as soon as the contract is confirmed. Exchange or withdrawal is possible.
