Spectre Q1 2020

Spectre.ai has delivered another satisfactory quarter of user growth in the first quarter of its third financial year (April to June 2020).

Y3 Q1 Results:

• The number of traders by the end of this quarter rose to 3,860, with 1,133 of these actively trading during this quarter.
• The number of registrations is now nearly 43,000. From that number, 6,748 registered within this quarter alone. This is up over 13% on the previous quarter.
• Volume traded during this quarter was $2,674,436, driven by growth in Africa, Japan, India and certain island economies.
• Volume traded since launch: $17,388,547.
• Winnings paid out during this quarter: $1,100,306.
• SXDT Rewards paid out during this quarter: $204,356. This is higher than any quarter in year 2.
• Decentralisation factor remains unchanged at 1.49%.

Highlights of Y3 Q1:

• Introduction of the Spectre Incentive Program (SIP), where each week $1K is given away to the trader who generates the highest weekly volumes.
• Launch of Trader’s Bay, the online store which is built into the platform itself. It offers many privileges that users subscribe to for a small daily cost (and switched on and off as desired). Perks include higher pay-outs up to 400%, bigger trade sizes, more concurrent open positions and lower spreads, to name just a few.
• Full-service Hyper-API to automate trading and allow developers to build automated strategy robots, applications and interfaces is generating much interest; watch this space, many in development already!
• The Spectre.ai Android Mobile trading app which is seeing increasing adoption.
• A revamped Affiliate portal along with the staged implementation of payment providers for full-fiat deposits and withdrawals continued, with credit/debit card options being added.
• Spectre Exchange launched; an in-house built fully regulated exchange to make the process of buying and selling both SXDT and SXUT easier, quicker and safer.
• The group has a significant feature pipeline that will open up new asset types to a broader audience. This will continue to be rolled out in the coming year.

The firm’s vision to bring fraud-free retail trading to the masses remains steadfast. The forex, options, and speculative trading industry represents over $5trillion in daily volumes. Spectre’s closest competitors currently see annual trading volumes of approximately $4 billion but represent considerable risk to the average trader; tens of millions of dollars were reported to have been lost to broker-side fraud in recent years. Spectre is a leader and frontrunner in establishing a new breed of trading platforms, one without shady transactions or dubious activity, and continues to take a decent share of this market, cleaning it up and restoring confidence in online trading for the masses.

The firm will be holding a strategic webinar at the end of July (date/time to be confirmed shortly).

Regulatory Notice: Spectre.ai is strictly closed to U.S citizens. Trading and investing involves high risk and you can lose all your money.