FAQ

SPECTRE is a website that allows you to trade on the direction of currencies, commodities, stocks and other assets, for financial gain. Uniquely, it offers the ability for traders to earn 5-200% returns (average 73%) ROI on just 1 trade within minutes. Unlike traditional brokerages, it sits on top of our global auditing technology meaning that it provides unparalleled transparency. Traders may choose the off-site trading account option and never deposit at SPECTRE to trade to see how things work. SPECTRE's liquidity pool (i.e balance sheet) is owned by our platform users who receive rewards based on the traded volume in SPECTRE, and not by a centralised management.

We offer Smart Options, which unlike Binary Options, are non-cash settled and can be settled prior to expiry for profit or structured easily by the trader such that the downside is not zero but any figure they like. Furthermore, they can be traded in a fully secure manner using our digital Wallet account. As per ESMA’s definition parameters of Binary Options, they need to be settled in fiat currency, have definitive binary outcomes (client either wins the designated payout or loses the entirety of their capital allocated) and lock in the client until expiry.

As for our Zero Leverage Smart CFDs, they allow the trader to make gains or losses each time the price of an asset moves up or down incrementally. There are no expiries associated with this type of contract, only a daily fee of 1 pip on open positions. Neither contracts involve any margin or leverage and the trader is aware or sets how much they are willing to win or lose, prior to entering the trade. Both use the next generation blockchain for verification, unlike normal binary options or CFDs.

The blockchain is a globally distributed ledger that uses thousands of decentralized servers around the world to audit and confirm transactions. These can be simple transfers of money or complex smart contract outcomes such as the processing of trades. It is free of human intervention and by far, the most secure way of confirming transactions today. Traders have on-site and offsite trading options. If you choose to trade using the onsite trading account, funds that are allocated for trading by you, the trader, are placed in a smart contract where they remain secure. This cryptographically protected digital wallet can only be accessed by traders and all trade transactions into and from it are processed/governed by the blockchain every 24 hours. Withdrawals are instant minus gas fees. If they decide, however, to trade from their onsite escrow, they park capital in a secure smart contract, thus dramatically reducing fees, but can only withdraw gains every 24 hours.

All major currencies, digital assets, stocks and commodities. A full link to the asset availability schedule is available here.

For a regular account the minimum deposit amount is 0.10 ETH and the minimum trade size is $1.00. For a Wallet account where no deposits are needed, the minimum trade size is $50.00.

For traders trading using the onsite trading account option, withdrawals may take up to 24hrs based on the activity and balance of each user. For traders trading using their offsite wallets, they receive their gains instantly into their account on a trade by trade basis so their funds are always with them.

If you choose to trade using the onsite trading account, funds that are allocated for trading by you, the trader, are placed in a smart contract where they remain secure and can only be accessed by traders.

Spectre.ai is currently licensed with COSTA MEDIA INTERACTIVE SRL in Costa Rica and has other jurisdictional licenses under application for widest territorial coverage. It is currently not available in the following jurisdictions: USA, Vanuatu Costa Rica, BVI, Caymans, Iran, Venezuela, United Kingdom, Syria, Somalia, North Korea and Yemen.

SPECTRE's liquidity pool is in paired to the same currency type as is your private escrow wallet. Therefore there is no currency volatility risk on that front.

SPECTRE offers educational trade indicators that find potentially profitable chart setups. However these are not considered investment advice, they merely locate possible opportunities.

A modern computer and internet browser with a high speed internet connection.

Yes, SPECTRE initially will offer trading on currencies and eventually will expand to the entire gamut of asset classes. For the schedule of asset availability please see here.

SPECTRE's API will be open to the public in 2018.

Yes and the best browsers to use SPECTRE with are Firefox and Chrome. A mobile App will be available in 2018.

The Spectre.ai trading platform is available currently only in English. Additional languages will become available soon and you will be able to select them inside your Account Settings.

Yes, contact [email protected] with your query and a member of the support team will assist you.

Payouts on Smart Options range from 5%-200% depending on asset, expiry and time of day. Spectre.ai allows spread-free entries on most assets and expiries where indicative entry price (IEP) is in-line with spot price. However, for periods of very low liquidity such as 8pm-midnight GMT or on exotic products such as Microexpiries of 10-30 seconds, a small spread on entry of between 0.1-0.9 pips may be applied. You can see our detailed payout and spread comparison table here, relative to competition.

Yes.

No.

SPECTRE will offer this capability in 2019.

Yes, this can be accessed here.

You can use the 'Forgot Password' function on the SPECTRE platform sign-in page.

Contact [email protected] and a member of the support team will assist you.

No, we do not charge fees for withdrawals. However you may be required to pay gas costs to the Ethereum blockchain which are very small, upon withdrawing. These are automatically deducted. If you are using a Regular account via UPHOLD then you will be charged a small exchange and transaction fee by them, not SPECTRE.

$1,000 in 2018, $3000 in 2019 and $10,000 in 2020 onward for Smart Options. For Smart CFDs, the $/pip is $2 in 2018, $5 in 2019 and $10 in 2020 onward.

Every operation/transaction in the global blockchain requires a certain fee in order to be performed. This cost for the work to be performed varies. The person initiating an operation/transaction is also the one that has to pay for this operation/transaction.

The Indicative Entry Price (IEP) may differ from the spot price received from the quote feed provider (seen on your live chart) during times of low market liquidity or micro expiries of under 30 seconds. If a difference exists, this is in the range of 0.1 to 0.9 pips depending on market conditions. 90% or more of trade entry prices in the platform have no spread and the spot price is the IEP.

Wallet accounts which are decentralised give the user a few seconds before they wish to commit funds to a trade so that the trade gets 'mined' in time, on the blockchain. Users may abuse this facility, however, for short duration trades to see where the price is headed and if it is headed in their direction, may enter but may not enter if it is headed against their desired direction. The system picks up this activity as this is considered manipulation, warns the traders about doing so and should the users persist, then the accounts may be banned. Apart from this, accessing Spectre.ai by multiple people under the same KYC authorised account either under the same I.P or different I.Ps (with the view to circumvent our country restrictions) is strictly prohibited. More than 10 trades per minute initiated using MT4 bridges or any other non-API gateways will be considered as high frequency trading and they are strictly prohibited.

Contact

Contact us here for more information on how to get started, whether as a trader or affiliate. Please allow 24 hours for responses.