1. What is Spectre?
    2. Is Spectre regulated?
    3. Is Spectre a scam?
    4. Spectre in India
    5. Spectre in the USA
    6. Deposits and Withdrawals
    7. Demo Account
    8. Conclusion

What is Spectre?

Spectre is an Asian financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, Spectre matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. Uniquely, it offers the ability for traders to earn up to 100% of returns (average 73%) ROI on just 1 trade within minutes (and even seconds). One of a range of applications using an autonomous liquidity pool (DALP), Spectre was created with the vision to allow for fraud-free retail trading. Spectre.ai allows for the synthetic (no underlying ownership) of a range of asset classes, whether its currencies, stocks, bonds, ETFs, indices, Epic and many more. Digital Contracts and CFDs, the unique contract types in the platform, can be taken by traders on a broad range of assets.

About Spectre
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is Spectre safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Licenses & Regulation

Is Spectre regulated?

Spectre offering, the company is not officially registered with any industry authority to offer trading services, while its performance is not overseen or supervised by anyone. 

The fact that Spectre is targeting Asian markets without actual authorization there is the min red flag for the investors. We couldn’t find any information about broker’s regulation and probably the company is not overseen by any reputable authority. 

In any case, we never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Is Spectre a scam?

It is not safe to trade with Spectre as it is an offshore broker. Spectre Trading Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 25113 IBC 2018.

However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets and more. Read more about St. Vincent and the Grenadines regulation by the link.

Spectre in India

Spectre allows Indian traders to open accounts and trade. However, Spectre has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Spectre in the USA

The US is among the countries that cannot register with Spectre, along with Costa Rica, BVI, Caymans, Cyprus, Iran, Venezuela, Syria, Somalia, Saint Vincent & the Grenadines, North Korea, Yemen, Iraq, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, US Virgin Islands.

Deposits & Withdrawals

For a regular account, the minimum deposit amount is $10.00 and the minimum trade size is $1.00. For a Wallet account where no deposits are needed, the minimum trade size is $50.00.

Spectre does not charge fees for withdrawals. However, UPHOLD and the several payment solution providers may have their own associated fees when transacting via them.

Payments methods available are: Skrill, Neteller, Bank transfer, Credit/debit cards, Uphold, PaySafeCard, UnionPay (China), Advcash (South America, Russia, Europe), FasaPay (Indonesia, Vietnam, Thailand and Malaysia), Help2pay (Malaysia, Thailand, Indonesia and Vietnam).

Demo Account

Spectre offers demo accounts. All account types automatically include a risk-free demo account, which can be accessed inside your account forever. This completely free demo account requires no deposit and is pre-funded with unlimited virtual funds. It allows you to experience some risk-free trading to get you prepared for the real thing. No matter your trading level, Spectre.ai demo accounts are the perfect place to practice your skills and become a better trader without spending any of your own money.

Conclusion

Overall, there is not a sustainable trust to the delivered Spectre trading environment since there are many complaints from the broker’s clients. So the downside of the Spectre would be also multiple negative reviews of this company and lack of a decent regulation.

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

You can also share your trading experience with Spectre by commenting on this review. 

No news available.

48 responses to “Spectre”

  1. I have been trading here for about 1 year or a bit more.. I am generally satisfied with the Spectre platform, it is one of the best I have used. Support is very responsive, I contacted them 2 or 3 times.
    About trading platform: it has improved a lot. They’ve changed the design and it’s more friendly to use. Hope they’ll add custom templates in 2021.
    Digital contracts have all nedeed expiration times that I use, it’s also possible to set managment risk – I saw it for the first time. Great feature.

    About spreads: on Digital contracts mostly no spreads, sometimes 0-0.3.

    I also like to trade reverse features, no spreads there, high payouts, I trade during usa session and payouts are about 90-100% which is one of the best solution among other platforms.

  2. My impression about this broker is that there is quite unique way of old concept of trading, but I like it. There is very good list of currencies, both majors and exotics which can be traded. There is option for maximum 10 trading signals which can be placed. Spreads are mostly near zero, actually there are almost no costs related to trading and also withdrawals. Platform is absolutely easy to navigate, and what I like the most, is analytics of my previous trades and earned profits per trade. It can be also downloaded, which is excellent option.

  3. For the last month, I am trading here with help of trading signals which are provided by this broker free of charge. They are embedded in the trading platform, and when price is in trading range, it sends a signal. I like this option very much so I have started testing it. Although I am not trading for too long, I am still profitable, hope that this trend will continue 🙂

  4. I tired to deposit the $50 minimum and once the site directed me to the payment screen for my bank the site wanted me to pay over $300. AVOID. Seems to be a scam. Very few articles in relation to the app. The ones written are only about thet demo version.

  5. There are unique trading conditions with this broker. I personally like that there’s their own shop where I order quite much item for less spread and higher payouts for trading forex during the news.

    Placing order is done very simply and platform works very fast. Deals are executed automatically after on expiry set, there are absolutely no any delays on execution. Another good stuff here is that there are no spreads, and if there are they are indeed low. I have withdrawn two times small amounts, also without any issue.

  6. Indeed a good broker for binary options with high payouts, especially on epic where payout goes to 90%, which is rare to find among brokers. I am trading here options on this index for last four months, and managed to make some solid earnings, mostly due to really high payouts. Up to now I didnt have any issue with withdrawals, so overall this is really a good broker, I recommend

  7. Fair broker and responsible support team. I like the trading platform because I can set my risk managemnt. For example no risk, low risk etc. I hope they’ll add more withdrawal opportunities (I use adv cash for now, never heard about this wallet but I used it 2 times and there weren’t problems)
    Broker provides also signals (combination of indicators) – also useful instrument that hels to trade

  8. Choosed this one because of the rating in internet, reoutations is quite well for now, so and no problems with trading, good one

  9. Very good trading conditions here. I like the option available to leave up to 10 trading singles and within quite short execution time, like 10 seconds. It would be much better option if I could connect my MT4 to this platform, so that I can use some ea`s for the purpose of trading.

  10. My preferable option with this broker is ability to connect my eth wallet directly with my trading account. In this way I am able to skip boring procedures regarding funds transfers and have my coins immediately on my wallet.

  11. I have failed and lost a lot of money through trading options because I have always and only seen it as a game of guesses. I would open the chart and guess if it would go up or down. Kept doing this and kept losing money until I found someone who told me to go through the education that spectre provides, and my mindset changed. I started doing more analysis and using the technical tools and indicators available. I learn a couple of things through spectre like how to trade recoil, bollinger bounce strategy and many other things.. I practised many of these things on demo and I got better. I am still getting better and still learning but now I am using a live account and not just guessing but doing a proper analysis before taking any trade.

    Good returns of investment , one of the best on the market I suppose

  12. The site is simple to use. It is not hard for me to know where to go when I need to. I also like the idea of the twin chart. It makes it possible to check two charts at the same time, sometimes I use it to check the same charts on different time frames. Spectre also provides many indicators that are helpful for chart analysis.. It’s been good here.

  13. Using the normal indicators to trade on spectre has made trading options very cool. I use the Fibonacci line, my favourites are the 50% and the 61.8% lines and I also use the horizontal lines to detect support and resistance prices. there are also indicators like the ATR, bollinger band that I use and my profitability has improved since I started with this broker. This option broker has a lot of currency pairs, crypto , shares, and epics for trading.

  14. Even though spectre is low on reverse futures, the ones that are available give very high returns. They give returns of 100% in the day and at night unlike forex pairs that give around 80% in the day and 30% at night. . Epic also gives 100% in the day and at night. The risk management plans the broker offers is also very fair in that it takes care of different types of risk levels a trader might want to take ranging from low risk to medium risk. I change the settings based on my account balance even though it can be changed only once in 24 hours

  15. I use the trading account options that spectre provides and the withdrawal has been quite cool. It takes around 24 to 48 business hours but I learnt that traders using their offsite means, that is those using the external accounts receive their gains instantly. No fees are charged for my withdrawal and even when I am not so active, I do not get charged for having an inactive account.

  16. Learnt how to trade in this app, the lectures are very helpful, the demo charts are also the same as the live account charts.

  17. It is easy to get where you are going on the app, such a cool thing. I think the demo account is also cool and I was able to learn trading binary options from there before trying out a real account.

  18. Trading options is cool when you use the right platform, spectre is cool from my general overview, not like the broker is perfect because I have noticed some little flaws but it is good for a serious trader. At least, they offer security of funds and good trade benefits. I prefer trading currency and stocks on a Spectre binary option platform than with the regular forex or stocks broker because the binary option platform has the ability to give a person a lot of money in a short time and I can also use a 1 minute chart and still get my money in full.

  19. How the hell does this platform get profits with the whole idea of trading from my own wallet? The trading conditions are good and for now I am bothered because everything seems perfect, everything still seems too good to be true. I am still watching carefully.

  20. I and my binary options group of traders use spectre. We had to compare different brokers before choosing this platform. The platform offers a wide range of tradable instruments like the forex pairs, epic, crypto, reverse futures l which I still call stocks, commodities. We also like the transparency of the broker as the choice of depositing money is optional and it is fully ours. It is a good initiative that should be adopted by all trading platforms. We don’t have any issues yet though.

  21. I trade everything here, when I see what I am looking for I trigger a trade whether on forex, crypto, reverse futures, epics. It has been good, just like the normal trading experience – sometimes you win and sometimes you lose. The platform is good so far.

  22. Enhancements and Spells that are available for trading and that is part of what I find it interesting to trade options here. Just imagine buying chains, which is expected to give you 400% payout for 3 wins in a row. So after buying the chains I am usually very careful with my trades just to make sure the next three trades go well. As expected, some go as profit and some as losses. I am usually surprised at how my countenance changes to a very serious one after I buy chains.

  23. The support team replies fast and  gives information when reached. I didn’t know how to do some things. I didn’t have anyone I could have asked from. I was able to chart for a long time to clarify my issues. Trades are not manipulated on the platform to the best of my knowledge. The expected profit for each trade is also very high; epic could give up to 400% profit, cryptocurrencies also give up to 90% profit
    Pros – support team has been helpful; high profits are made
    Cons – none for now

  24. I use the demo account to backtest my strategies, and it has proven reliable over time. Spectre has a broad range of asset classes and it makes it easy for me to spread my trades across them. The platform has currencies, stocks also known as reverse futures, ETFs, indices, Epic, cryptocurrencies, equities. It is also possible to set my risk frequency on the platform. I could choose to set it to a high risk, medium risk or low risk.

  25. Withdrawal using a credit card takes more time than the withdrawal into electronic wallets. So I would advise anyone who is interested in fast withdrawal to use an electronic wallet instead. The broker is one of the few binary options brokers that seems fraud-free, does not charge hidden costs and does not place unnecessary commissions. I hope things just continue like his or at least get better
    – relatively free to trade here
    + The platform are okay

  26. It is interesting to know that the platform does not require depositing into its account before I start to trade, which is unlike the normal way that brokers operate. The platform makes it possible for me to trade from my own supported digital wallet and also provides a secured portal on Spectre for those who might be interested. I am trading directly from my wallet and I have had no issues about that since I have started. The platform also does not charge fees for trading, making it a very cheap platform to trade in.

  27. Executing trades is usually fast and the spreads are tight. My main concern has usually been with withdrawal charges. If it gets lower, it would make the platform excellent. Asides these, there are spells and enchantments that boost trading results. Sometimes they also serve as trading profit enhancers.

  28. I know a company that trades here but they use an offsite wallet. My friend that works there says that they make a lot of money from the platform and they get their money in their wallet immediately after trading, unlike we who are using the regular account that wait for a day before getting our withdrawals. I am not yet very good at trading but I am determined to learn and make money from here

  29. The platform provides access for clients to use external wallets to trade and there is also an option of opening a secured account with spectre. I opened an account with the mind of using the external wallet, but to my surprise, I was told that the minimum trade I would be able to use with my external wallet is $50. I do not like the idea, because it is too much. I used the other account and the trades have been going well, but I am also using this medium to suggest to the company to reduce the minimum trade size for those who are interested in using the external wallet to the same as regular accounts.

  30. I like the system of trading here, it is easier to learn than the regular forex trading style. I learnt the regular forex trading for years without trading profitably. When I got here, I applied the knowledge that I had gotten before to the platform. I knew that what I needed the most was a strong risk management plan and I will be able to make the money.
    I was able to work out some strategies at first but they could not work well for what I wanted. I spent time using the demo account consistently till I was sure I had a working system. My trading confidence has grown and I am happy I went through the learning process.

  31. Of all the assets available, Epics are still the ones I enjoy most especially because of their high payouts.
    Risk management is also an essential part of my trades and it could be set directly from the platform by changing the risk management option to the one that suits my trading style. I use the medium risk management and it has helped me to not over trade or add so much positions especially when my trades are going on a loss

  32. I have heard of different countries where binary options platforms have been banned or where their operations are restricted because of fraudulent activities. The many bad names in the trading industry has been affecting the reputation of the good ones. I know there are a few good ones because I presently know two brokers, one of which is spectre. Spectre is reliable and you get your money when requested.
    I have also fallen victim of bad brokerage services before now. My withdrawal requests were not granted, I was very angry that I had to stop trading for a while. When I returned to trading I did my research properly before trusting any broker. My patience has been paying off.

  33. The broker accepts Mastercard, Visa, bank transfer and some other ewallets. The trading costs are low as the broker does not charge deposit and withdrawal fees, inactivity fees, and the spreads are tight too.

  34. The platform doesn’t have hidden charges. There are no charges for trading. The spreads are basically zero and there are also small charges for withdrawals (about 3% for btc wallet). The platform is good for now.

  35. The platform has features like spells and charms that enhance my trades. Those enhancers increase the profit made on particular assets or trades as the case may be.

  36. there are many trading asset to choose from here. I pick a trade based on some specific rules
    Pros: many assets
    cons: they are all CFDs, though it is not an issue for me.

  37. The instruments are all CFDs. One cannot buy and hold assets for too long. Without the proper skill and risk management one could lose his money and at the same time I know there is no limit to how much I can make.
    + there is no limit to how much one can make through trading CFD
    – without proper care one can lose everything too

  38. Epics and reverse futures give the highest returns and that is why I took my time to study them and trade them. They give100% payout on trades and I get more with enchantment

  39. I use chains when I feel confident about the outcome of a particular trade or when I am expecting a particular trade pattern, which can be an ongoing trend, breakout and retest, and more. Chains give 400% payout for having 3 wins in a row. The chain and other enhancements are affordable and that is why I use them. The charges for chains, for example, is usually $1.49 per day until the three trades period elapses. The waterfall also doubles my open positions and it is better to use it when one of sure about the outcome of a trade

  40. I use chains when I feel confident about the outcome of a particular trade or when I am expecting a particular trade pattern, which can be an ongoing trend, breakout and retest, and more. Chains give 400% payout for having 3 wins in a row. The chain and other enhancements are affordable and that is why I use them. The charges for chains, for example, is usually $1.49 per day until the three trades period elapses. The waterfall also doubles my open positions and it is better to use it when one of sure about the outcome of a trade

  41. No requotes or double entries so far, the chart is clear enough to make trade analysis. Trading currency pairs constantly even though they give the lowest payout

  42. I prefer trading options because I can trade and know the outcome of my trade in seconds or minutes. It makes it easy to combine with other daily activities.
    Pros: High frequency trading is available
    Cons: withdrawal can take up to 2 days because they are processed manually.

  43. Easy to navigate around the app. It was also beautifully created. The proprietary platform looks as good as many professional MT4 platforms I have seen. It has all its features at the right places where they could be easily seen.

  44. The mobile platform makes on the go trading easy for me. It is built with tools to the right and to the left, it is usually in landscape mode. To the left are transaction tools where one can deposit or withdraw or see a recent setup based on what one wants. The timeframes, order history and some frequently asked questions for newbies are also there. To the right is the trade time counter, the amount invested, profit, and the up and down one-click tools.
    At the base of the chart is where the indicators, different chart types, graphical and drawing tools are. At the top of the platform one can easily change from one asset to another.
    I like the simplicity and beauty of the platform. I use my phone to trade every time because it has all the features I need.

  45. I manually set my risk management strategy on the platform. I set up the low risk and no risk strategies so as to play safe. To set risk management manually one only had to set the stop loss amount, stop loss timeout, streak count, allocation, drawdown level, minimum payout and some other requirements

  46. The broker uses a proprietary trading platform and it has still been consistent with its pricing and its charts. Spectre does not manipulate charts and its charts are consistent with other trusted brokers. I have made a couple of withdrawal here without delays too

    + not fraudulent with its services and it assures safety of funds
    – no comments

  47. Still using the demo account and my results are improving gradually. The demo has all the customization in the live account so it makes it easy to learn how to trade in the live account

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