Spec Markets Review: Regulation, Licences & Platforms

Spec Markets is a forex and CFD broker operated by Spec Capitals Ltd, based in Cyprus. The broker provides access to online trading through the MetaTrader 5 platform and maintains a presence across multiple regulatory jurisdictions. Its website is located at specmarkets.com.

Regulation & licensing

Spec Markets operates through multiple regulated entities in different countries.

In Australia, the broker is associated with Tathra Capital Pty Ltd, which is authorised by the Australia Securities & Investment Commission (ASIC) under licence number 517156.

In South Africa, the broker operates via SPEC CAPITALS (PTY) LTD, which is authorised by the Financial Sector Conduct Authority (FSCA) under licence number 54462.

Operating through separate entities means that the regulatory protections available may differ depending on the jurisdiction under which an account is held.

Trading platforms

Spec Markets offers the MetaTrader 5 (MT5) platform, which provides charting tools, technical indicators, and support for automated trading strategies.

Account types

The broker provides several account options to suit different trading preferences:

• Standard — a general-purpose trading account.
• ECN — an account offering electronic communication network execution.
• Islamic — a swap-free account structured to comply with Sharia principles.

Before opening an account, readers are encouraged to verify Spec Markets’ licence details directly with the relevant regulator — ASIC in Australia or the FSCA in South Africa — using the licence numbers listed above.