Specter Review Specter’s expert review includes trading platform and mobile app functionality as well as the latest news on dividend tokens, whitepapers and demo accounts. Read on and sign into Specter today to see if this blockchain-based trading platform can change digital trading.
Spectre is a leading blockchain trading platform. It claims to be the future of digital options, forex and CFD trading, providing brokerage access to international markets through its platform and mobile app. Powered by DALP, a fraud-free smart options contract execution platform. Unlike traditional brokers where trades are managed by a middleman. (Broker you can trust) Spectre.AI records trades on the blockchain, which can be audited in a publicly distributed ledger network. That means 24/7 liquidity, no account managers, no salespeople and no chance of fraud.
Important facts:
Minimum deposit $10 (ETH)
payout: the
Demo up to 200% : Yes
Decentralization you can trust
DALP stands for Automated Liquidity Aggregates and is the heart of the system allowing immediate trading execution. The system will execute the order with DALP This system ensures that all trades are filled in, all trades are filled in a timely manner and removes broker credibility uncertainty from the equation. At the time of this review, DALP held more than 7,600 ETH (Ethereum) for over $4.5 million in net liquidity
To be clear, Specter is not a new standalone blockchain network. It is an ERC-20 protocol built on top of the Ethereum network. There is no deposit with Specter either, don’t say you trade with “free” money. The way it works is simple, you can link your existing Ethereum wallet to the network and trade from there or use secure smart contracts. And it’s private on the Spectre.AI blockchain, which means Specter has no access to your funds and can’t intercept your withdrawals.
With most brokers, settlement of trades takes place behind the scenes if anyone. Specter smart-contract trades are immediately settled upon expiration and verified by the Ethereum blockchain network.
Trading Platform
The Specter system works on a no commission fee system and spreads are tighter than what you will find with most other brokers. For example, the average spread for EUR/USD among forex brokers is 12 pips, Specter less than 6 pips
This means better execution and a higher win rate as there is less spread to beat before making a profit The downside is that the payout for digital (binary) options is slightly lower, about 75%. More than what you find with most EU/CySEC brokers, but that doesn’t matter if you win more often.
Assets and contracts
What can you trade with Spectre.AI? Everything Specter offers smart contracts for derivatives, binary returns, traditional forex pairs and CFDs on commodities, stocks, indices, bonds and cryptocurrencies.
Most assets are not leveraged, but forex pairs enable leverage up to 40X payout for derivatives, binary returns up to 200%.
Epic
In late 2019, Specter added EPIC to their offering. Epic stands for Epochal Price Index Composite and represents historical market movements and live market simulations. This asset can be traded as well. but can always be used 24/7 All prices are based on real time market value.
Spectre Withdrawal
Since Spectre was an Ethereum-powered blockchain in the past, you would need ETH to use it. However, this has changed. The monster is trying to open FIAT deposits and hence USD can be used for both deposits and withdrawals.
Withdrawals are simpler and easier if you use a standalone wallet. USD withdrawals are available in certain regions. Funds paid into the Specter wallet may take 24 hours (depending on ETH network volume) to show up in your exchange wallet, earnings paid to the standalone wallet will be disbursed to that address. As soon as the contract is reviewed and can be exchanged or withdrawn immediately