Is Spec Markets safe and legit？ Full review
Spec Markets is a Cyprus-based broker established in 2024, regulated by Australia's ASIC and South Africa's FSCA. The broker offers three account types—Islamic, Standard, and ECN—with a maximum leverage of up to 1:1000, and supports the MT5 trading platform with full MT4/5 authorization. Customer support is available through multiple channels, though response times may be lengthy. Its influence rating is C, with an average influence index of 4.81, mainly distributed across Indonesia, India, Japan, Turkey, and Vietnam.
Regulatory Compliance and Security
Spec Markets is subject to dual supervision, both of which are fully regulated:
The regulatory status is fully compliant (States: 600), with a safety level of Level 1.
Account Type
Spec Markets offers 3 types of accounts:
Trading software
Spec Markets uses the MT5 trading platform and holds a full license for MT4/5. The software experience is rated as Perfect, with high customizability, multiple language options, and clear expense reports, though it lacks two-step login and biometric authentication.
MT4/5 Server Distribution:
- MT5: SpecCapitalGroup-Live (United Kingdom)
- MT5: SpecCapitalGroup-Live (United States)
- MT5: SpecCapitals-Live (United Kingdom)
- MT5: SpecCapitals-Main (United States)
- MT5: SpecCapitals-Main (United Kingdom)
Mobile Support:
The iOS, Android, Windows, MacOS, Web, and other applications are not supported.
Customer Service
Customer support is available in English and Japanese, covering 1 service region (China Hong Kong). You can contact them via phone, email, or IM app, though response times may be lengthy.
⚠️ Note: Response times may be lengthy.
Influence
Spec Markets has an influence rating of C. Its influence is mainly distributed in Indonesia, India, Japan, Turkey, and Vietnam, with an average influence index of 4.81.
1-2 years
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