There are different trading platforms out there: some have a standard set of trading tools, others offer more uncommon instruments. In this article, we offer a review: it is an unconventional trading platform based on blockchain technology. 

What is is a trading platform offering digital contract and CFD trading opportunities. Here are two main points that differentiate it from other trading platforms.

No broker

With trading, deals are made directly against Spectre’s pool of liquidity or against other traders. It all works without a broker’s involvement in the process. The liquidity pool is crowdsourced (controlled by multiple parties, not one broker). So neither traders, nor itself have access to it. To achieve this, the platform uses blockchain technology.

What is Blockchain?

When we pay with our debit cards, a bank acts as an intermediary. It conducts the transaction to make sure the money gets where it is supposed to. The same with investing and trading: usually a broker is involved in every deal. However, with blockchain technology, this involvement is unnecessary. 

Basically, blockchain is a database that is distributed among decentralized servers around the world. It stores information in a digital format: in case of trading, it is used to audit and confirm transactions of traders. As this technology does not involve human intervention, it is considered quite secure and protected from interference. 

How blockchain technology works

Blockchains play a crucial role in the use of cryptocurrencies, such as Bitcoin, Ethereum, etc. In fact, records of transactions using cryptocurrencies are also stored in such digital databases. This is a guarantee that deals are secure. And no third-party involvement is needed to oversee them. 

No deposits

With traditional brokers, traders usually make deposits from their bank accounts. Spectre trading offers an opportunity to make deals directly from a digital wallet or a secure portal on the platform. 

Traders either refill their Ethereum accounts on the platform or off-site in any recognized Ethereum wallet. If it is the latter, the funds are traded directly from the wallet, without actually getting transferred to the platform.

What to Trade on clients can trade digital contracts and CFDs on various assets. Making deals on these financial instruments does not involve actually owning them. Traders just try to predict the direction of price movements – up or down. If the prediction is correct, they make a profit depending on the difference between initial and final prices.

Here are the main assets for trading on

Type of assetVarietyAvailability
Cryptocurrencies40 types of crypto assets24/7
Global Equities22 stocks24/7
Forex20 currency pairs Monday-Friday
EPIC (Epochal Price Index Composite).’s benchmark index of Euro-based currency pairs, traded through time. The data is based on historical prices.3 indices24/7
Reverse Futures (digital contract on global equities in the past). Uses historical price data based on market movements of different stocks.10 stocks24/7 Traderoom Overview trading platform is only available in a browser version and as a mobile application for Android devices. There is currently no desktop version or Spectre trading app for iOS. traderoom

Languages traderoom is available in the following languages: English, Turkish, Spanish, Portuguese, Indonesian. 

Risk Management Tools

Traders can apply different trade setups and risk management tools. There are several pre-filled templates that traders can use depending on their risk tolerance. Once the template is chosen, the appropriate variables, such as Stop-Loss levels, will be set automatically. These settings are supposed to help traders protect their funds and manage potential losses.

Risk Management templates on

Tools for Analysis

There are typical graphical tools, such as trend lines, and over 100 indicators for technical analysis. Moreover, traders can also track two assets simultaneously using the Twin Chart feature.

Twin Chart feature on


To contact support, traders have to verify their identity with a unique temporary code. They can obtain it in the account settings on the platform. Support can be accessed mainly in English. Additional languages (Estonian, Croatian, Indonesian, Spanish, Portuguese) may be offered depending on current time and availability.


Based on our review, it offers a series of video tutorials on the platform. The topics include trading strategies and even meditation tools for traders. There is no copy-trading or social trading features on the platform. Account Types

  • Wallet account 

It is a fully decentralized trading option, where traders don’t make deposits to the platform. All trades are made using off-site private wallets. There is a gas cost (a fee) for every trade. For this account, the minimum trade size is $50.00.

  • Regular account

This is a common account, where funds are deposited directly from a bank account or a card /  from an Ethereum/Bitcoin address (then converted to USD) / or from an UPHOLD account. For the latter, traders can deposit money in their local currency and get the equivalent in USD on their account. For this account, the minimum deposit amount is $10.00 and the minimum trade size is $1.00.

  • Defi account

Traders may choose to use any of the available Defi currencies offered (SNX, KNC, BAND, LINK, USDC, PAX) to make deposits for trading. However, in this case the funds are not converted into a FIAT currency (such as USD).

Pros of trading

Here are the main advantages we found during the Spectre broker review that may appeal to some traders.

24/7 Trading

Most of the assets for trading are available 24/7. This is possible due to the platform’s crowd supported liquidity pool model.

Security and Transparency uses global auditing based on blockchain technology. This approach is supposed to make trades more secure. What is more, traders can use the off-site trading account option and make deals without ever depositing money on the platform.

Free Demo Account

All traders have unlimited access to a free practice account, even before making the first deposit. As a result, this allows them to get some experience with virtual funds before moving on to trading with real money. demo account

Trading Contests has an incentive program: traders with the highest trade volume may receive rewards of $1000 weekly. All traders with real accounts can participate (demo accounts are not eligible). Token

A Spectre trading review also revealed special conditions for traders holding the Utility Token (SXUT). It is a cryptocurrency that traders can only purchase with Ethereum. Traders with the token in their digital wallet can access higher payouts, more assets, higher trade sizes and other benefits. 

Cons of Trading

Limited number of assets

The choice of standard assets for trading is limited: it does not offer a wide variety of stocks or any commodities. However, not many traditional brokers can match the variety of cryptocurrency types available on (there are over 40).

Platform Availability does not provide a desktop version or a Spectre trading app for iOS devices. Some traders may find this inconvenient, as they cannot easily access the platform from any device.

Support Availability

There is no live chat on the platform, traders have to request a temporary code every time they seek assistance. While this may provide an extra layer of security, it requires additional steps and slows down the process.

Interaction with Other Traders platform does not offer any opportunities to interact with other traders, such as chats or social trading. The leaderboard with current contest results for the incentive program is only available on the website.

Market analysis

Based on our Spectre trading review, it does not provide any tools for market analysis, like economic calendar or company earnings reports. As a result, traders should look for market news and trading opportunities on other platforms, which may require more time and effort. 

Ethereum Blockсhain 

Finally, the idea of a trading platform based on blockchain may still seem a little foreign to some traders. Though the use of cryptocurrencies is becoming more and more common globally, traditional trading platforms with credible brokers overseeing all deals may still be more attractive to many traders. 

Summing Up is a trading platform based on blockchain technology that may be appealing to crypto enthusiasts. If you are excited about trading a variety of cryptocurrencies from your digital wallet, could be for you. Taking this into account, if you are not very familiar with the world of crypto and need more guidance, you might want to stick with more popular trading solutions

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