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. 

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12 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.

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