Spectre.ai may change the game for Indian traders - Hindustan Times
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Spectre.ai may change the game for Indian traders

Sep 04, 2020 04:50 PM IST

Traders can switch between digital contracts which allow them to earn 70%-400% by speculating on the price of, say, Infosys, HDFC or Reliance and where it will go within the next minute.

The retail stocks trading platform in the U.S known as Robinhood, has captured the hearts and minds of millennial traders across the pond. Robinhood The terms “robinhood rallies” or the “robinhood effect” are becoming part of everyday trading culture and Indian traders are quickly joining the bandwagon and in some instances, leading the charge on platforms such as Zerodha.

What really puts Spectre.ai well ahead of the pack, however, is the nature of contracts offered.
What really puts Spectre.ai well ahead of the pack, however, is the nature of contracts offered.

With India’s Bombay Stock Exchange (BSE) stock market caps over 2 trillion USD and a quickly growing middle-class that represents almost 300 million people (similar to America’s population), the financial firepower is there to meet the trading and investing needs of many. Spectre.ai, has already amassed a large following of 50,000 traders and is leading the charge in India on this front. Not unlike Robinhood, Spectre.ai is a zero-fee financial trading platform and trade execution is faster than any competitor. It allows the Indian retail trader to speculate on the direction of hundreds of currency pairs, metals, historicals (known as EPICs) and traditional equities.

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What really puts Spectre.ai well ahead of the pack, however, is the nature of contracts offered. Traders can switch between digital contracts which allow them to earn 70%-400% by speculating on the price of, say, Infosys, HDFC or Reliance and where it will go within the next minute. This is far higher than the few percent traders can make in any day using traditional financial platforms. On Spectre.ai, they can even structure their contracts for shorter than that to just a few seconds. This flexibility in trading is unparalleled. If, however, they prefer to earn in a more traditional format, they can toggle over to C-CFDs (covered CFDs) asset class. Unlike highly risky leveraged CFDs, Spectre.ai’s covered CFDs are revolutionary in that they are unleveraged and fully covered, meaning traders know their defined risk prior to entry and with no risk of margin calls.

In addition, the ability to speculate on the prices of major Indian equities live but also in the past, allows for traders to receive an advantage. This contract class is known as ‘Reverse Futures’ and is taking speculative trading by storm already. Head of affiliations Ian Buck commented “the adoption of Reverse Futures is astounding, 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 get an advantage..”

Let’s face it, the modern urbane man and woman in India is busy, very busy in fact. Spectre.ai has an Android based mobile app for on-the-go trade execution built for this very purpose. Yet, trading is not without risks and this is why the group’s focus on financial education and risk management solutions is a key sticking point. The growth of capital over time is difficult when trading volatile assets, unless one has a strong grasp over their emotions and at times, greed. Greed, for lack of the better word, is not good. With trade and account level dynamic risk management limiting the amount a trader can lose in any given trade, trade sequence or account level at any time, Spectre.ai stands out amongst peers when it comes to trader safety and capital protection.

Disclaimer: This is a company press release. No HT journalist was involved in the creation of this content.

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