Spectre.ai Review

Deposit
$10
Payout
Up to 200%

How Spectre.ai Has Changed The Broker Industry Forever

There is no doubt in my mind that Spectre.ai has changed the face of internet trading for years to come, in fact, I’d go as far to say that they are trailblazing because of their new take on trading platforms, combined with blockchain technology.

The current trading platforms that we have access to today are extremely outdated as well as lacking the progressive outlook on what a trading experience could be. With the state of current trading platforms, or should I say centralised trading platforms and that word will give you a hint as to how Spectre has transformed the online trading industry.

It is no secret, or at least it shouldn’t be that almost every single trading platform conducts some sort of malicious activity, in order to influence the outcome of trades. But if we just observe the surface layer of typical trading platforms, you will see that they look pretty good and promising enticing you into with a promise of being able to make you hundreds or thousands of dollars per day.

Spectre.ai Video Review

One such area where this is extremely prevalent in the world of Binary Options where the simple act of being able to determine whether an asset will be higher or lower than when you entered the trade. I should say, I am not bashing binary options but there are many brokers that offer these services to unsuspecting and naive victims.

Traditional Binary Trading vs. Spectre’s Revolution

Binary options are handled by brokers, and these traditional brokers operate on a centralised platform that is upheld and run by managers, marketers and people who try and sell the service. The nefarious activities come into play because of the almost illegal activities that are conducted by the brokers that cause hundreds and maybe even thousands of people to lose their money, and they don’t even know it.

Brokers use tactics to manipulate prices that cause traders to lose their money, but the most ludicrous and most audacious scheme that they employ is refusing to pay out your winnings. A simple scroll through trading forums will display information about how some binary options brokers have refused someone request to withdraw their money, and they are given a really vague answer or maybe even “No!” answer.

Think about it, the more money you lose, the more money is in the brokers’ pockets, and all of this is possible because of the unregulated nature of how binary options work and how the brokers work alongside binary options. Something so simple would never be allowed to operate without an invisible hand controlling what goes on, it just wouldn’t happen.

First Blockchain-Technology Powered Binary Options Broker

The entire broker industry has been flipped and turned on its head thanks to a revolutionary piece of technology that most, if not all of you have heard of. Of course, I am talking about “Blockchain Technology“, which uses its unique abilities to create instant trust amongst all of whom who use it.

Because blockchain is such an incredible piece of technology, a lot of large companies are now seeing the benefits of it and are taking steps to implement it into their business model, and this is what Spectre has been doing. Spectre saw the potential of blockchain and sought to build a trading platform on top of the decentralised technology.

It has all the benefits of a normal trading platform, in fact, you wouldn’t be able to tell it apart from other platforms, for example, you have full access to all the major currencies as well as certain cryptocurrencies, stocks and commodities. That being said, it’s core technology is what really sets it apart and that is what I like most about Spectre is that they removed any chance of fraud.

Major advantages of a Brokerless Trading with Spectre.ai

One of the main areas that set Spectre apart from any other broker is that it has the functionality and the capability to allow fellow traders and investors to trade straight from their own cryptocurrency wallet. Spectre requires everyone to have Ethereum (ETH) to be able to trade on its platform since it is an only cryptocurrency-based platform, and this is how you are able to trade straight your wallet rather than deposit into an account.

Try with a Free Demo Account

Once you have deposited your Ethereum, you can obviously convert it to fiat currencies to allow you to trade major currencies. To encourage new users, Spectre is currently offering a free demo account that is loaded with 100 ethereum tokens, so people can get a feel for the platform and test out various strategies.

Along with its demo account for users, Spectre also represents an incredible leap forward in something known as “decentralised autonomous liquidity pools”, which essentially means that users can trade without the need for specific peer-to-peer matches. In other words, traders are trading against a huge decentralised balance sheet which is available 24/7. Whereas with traditional brokers, there have to be enough sellers to satisfy the buyers and vice versa.

Ethereum (ETH) Blockchain Prevents Fraud

All trades that occur on the Spectre platform are actually happening on the Ethereum Blockchain, which makes fraud on both sides impossible, because of the use of ETH’s (Ethereum’s) smart contract technology, and this also removes any issues that might occur during withdrawals or account problems.

Final Verdict

The fact is that Spectre is branching out to a new paradigm of trading platforms, with their closest competitors currently see annual trading volumes of approximately $4 billion, and Spectre is looking to bring a huge portion of this volume to their blockchain-based platform instead of traditional and outdated platforms.

Summary
Review Date
Reviewed Item
Spectre.ai Binary Broker
Author Rating
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SCREENSHOTS

  • Spectre.ai Main Page
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