SpecTrading (SpecFX) Overview: A Multi-Jurisdiction Broker with Verifiable Licensing
SpecTrading — also marketed under the names SpecFX and SpecMarkets, all the same broker operated by Spec Capitals Ltd — holds a Mauritius Financial Services Commission license (license no. GB252045999, company no. 224658), registered at Suite 201, The Catalyst, 40 Silicon Avenue, Ebene, Republic of Mauritius. This Mauritius registration is genuinely verifiable, which sets SpecTrading apart from several newer offshore brokers whose regulatory claims cannot be independently confirmed. According to the company, its founders have industry backgrounds that include a stint as CFO at IC Markets and prior work at Axi, giving the brand a notable degree of institutional pedigree.
Check Current Account Opening Terms
Beyond Mauritius, SpecTrading discloses additional registrations in Comoros (license L15862/SC, under the name SpecFX), Saint Lucia (registration no. 2024-00305), and a Cyprus-registered group company operating as Spec Markets (registration no. HE478613). This multi-jurisdiction structure is fairly typical of an established multi-asset broker, and the company states that Japanese-language customer support is available through support@specfx.com.
| Key Aspects | Details |
|---|---|
| Operating Entity | Spec Capitals Ltd |
| Primary License | Mauritius FSC, license GB252045999 |
| Other Registrations | Comoros (L15862/SC), Saint Lucia (2024-00305), Cyprus (HE478613) |
| Maximum Leverage (per company) | Up to 2,000x standard; up to 200x on crypto CFDs |
| Trading Platform | MT5 |
| Minimum Deposit (per company) | Approximately $50, both account types |
Trading Conditions (as Described by the Company)
SpecTrading offers two account types: Standard, which is commission-free with spreads from 1 pip, and ECN, which carries a round-trip commission of roughly $7 per lot in exchange for spreads from 0 pips. Both require a minimum deposit of about $50, support up to 200 open positions, and use a 50% stop-out level. The company states that more than 250 instruments are tradable across FX pairs, precious metals, energy, commodities, indices, individual stocks, and crypto CFDs (Bitcoin, Ethereum, Litecoin, and Bitcoin Cash), with crypto trading available Monday through Friday.
Deposit and withdrawal methods include bank transfer, credit and debit cards, USDT, and USDC, and the company also lists FasaPay as a supported online wallet. Historically, SpecTrading’s promotional lineup has included an account-opening bonus, deposit bonuses as high as 125%, trading points, and cashback — though as with any bonus-driven broker, which of these remain active changes over time and should be confirmed directly before depositing.
Pros and Cons
| Pros | Cons |
|---|---|
| Genuinely verifiable Mauritius FSC license | Crypto leverage capped lower (200x) than standard FX (2,000x) |
| Founders’ background includes IC Markets and Axi | ECN account carries a per-lot commission |
| 250+ tradable instruments including crypto CFDs | Historical bonus terms vary; current offer must be confirmed |
| Japanese-language customer support (per company) | MT5 only; no MT4 or cTrader |
Verdict
SpecTrading’s genuinely verifiable Mauritius license and its founders’ stated background at IC Markets and Axi give it more credible footing than several comparable newer offshore brands. Its wide instrument list, competitive $50 minimum deposit, and history of substantial deposit bonuses make it worth a closer look for traders who have already confirmed the current promotional terms directly.
FAQ
- Is SpecTrading regulated?
- Yes. SpecTrading (Spec Capitals Ltd) holds a Mauritius Financial Services Commission license, plus additional registrations in Comoros, Saint Lucia, and Cyprus.
- Is SpecTrading the same as SpecFX or SpecMarkets?
- Yes, all three names refer to the same broker operated by Spec Capitals Ltd.
- What is SpecTrading’s maximum leverage?
- Up to 2,000x on standard instruments (by application), and up to 200x on crypto CFDs, according to the company.
- What bonuses has SpecTrading offered?
- Historically, an account-opening bonus, deposit bonuses as high as 125%, trading points, and cashback, though availability changes over time.
