- Spectre is an entity which entered the market only 3 years ago is already being followed by 50,000 traders and has emerged as a frontrunner in fintech innovation
- Investors can switch between digital contracts which allow them to earn 70%-400% by speculating on the price of a company and where it will go within the next minute
The rising popularity of online trading platforms suggests that more and more people are considering trading as a profession as well as a hobby. For instance, Robinhood, the equities retail financial trading platform in the US, has successfully tapped onto the aspirational spirit of millennial traders and is growing steadily with time. On similar lines, Spectre is an entity which entered the market only 3 years ago is already being followed by 50,000 traders and has emerged as a frontrunner in fintech innovation. Similar to Robinhood, Spectre.ai is a fee-less trading platform where there are no trading fees involved, and trade execution is instant. It allows Indian retail traders to speculate on the direction of hundreds of currency pairs, metals, historical (known as EPICs) and traditional equities.
What differentiates Spectre.ai from the rest, however, is the nature of contracts. Investors can switch between digital contracts which allow them to earn 70%-400% by speculating on the price of a company and where it will go within the next minute. Thanks to the platform’s flexible features, they can structure their contracts for far shorter than that to just a few seconds, as well as for the long term.
Leveraging on Blockchain technology to offer broker-less trading, Spectre’s cutting edge, crowd-sourced technology enables investors to execute high-frequency trades across markets with the added advantage of minimal risk. All trades are either placed against the platform’s liquidity pool or other traders, managed by smart contracts, and recorded on the Ethereum Blockchain. While Ethereum and Bitcoin continue to be the primary currencies, on-site trading account holders can also make fiat deposits using Visa and MasterCard backed credit and debit cards, wire transfer, Skrill, Neteller, PaysafeCard, Help2Pay, AdvCash, UnionPay, Fasapay, Uphold and a crypto asset platform that accepts nearly 50 various crypto coins. If one prefers to earn by percentage in point, they can toggle over to covered CFD asset class. What takes things to the next level is the ability to also speculate on the prices of major Indian equities, but in the past. This contract class is known as ‘Reverse Futures’ and has created a buzz in the domain of speculative trading.
Simply put, people love the prospect of already knowing the general trajectory of a stock’s price over time and then being able to time it to make profits.
Spectre’s android based mobile application for on-the-go trade execution has been specially designed to cater to the busy urban population. With trade and account level dynamic risk management curbing the amount a trader can lose in any given trade, Spectre outperforms many of its competitors when it comes to trader safety and capital protection.