Spec Capitals (Pty) Ltd
Primary
ZA
2024/454850/07
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2 entities
2 accounts
unverified
unverified
Broker profile
SP
Spec Markets Review: Is It Legit and Regulated?
Spec Capitals (Pty) Ltd
ZA
Operating period unverified
FindMyFX score
high risk4.4/10
0
Score out of 10
10
Independent assessment
Updated 2026-08-03
Contact & regulation
- Official website
- specmarkets.co.za
- Address
- Norwich Place West, 2nd Floor, Corner of 5th Avenue and Norwich Road, Sandown, Sandton, Gauteng 2031, South Africa
- Contact
- Norwich Place West, 2nd Floor, Corner of 5th Avenue and Norwich Road, Sandown, Sandton, Gauteng 2031, South Africa
- Primary license
- FSCA · Unverified
Missing values mean the information has not been verified or published yet—not that the broker does not provide it.
Quick verdict
Is Spec Markets legit and regulated?
FindMyFX has license records for Spec Markets, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.
This is a source-limited research summary, not a safety guarantee or investment recommendation.
Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.
Broker-provided company information
Spec Markets is a CFD trading brand whose South African entity acts as a FAIS intermediary and whose Mauritius group entity is presented as the product provider.
Professional broker overview
FindMyFX editorial summary
Spec Capitals (Pty) Ltd discloses South African registration number 2024/454850/07 and FSCA FSP number 54462, while Spec Capitals Ltd in Mauritius is presented as an FSC-licensed Investment Dealer. The official site lists Raw Zero and Pure Spread accounts with USD 50 minimum deposits, MetaTrader 5 and maximum leverage of 1:1000. The South African entity states that it acts only as an intermediary and is not the market maker, product issuer, principal or counterparty.
Prepared from reviewed sources for informational purposes. This is not investment advice.
Editorial note: The licence records were reviewed from the broker's official disclosures rather than direct regulator-register entries. The 1:1000 leverage is presented on the account pages and should be verified for the client's legal entity and classification before publication.
- Operational status
- active
- Broker type
- unknown
- Execution model
- Market execution; the South African entity states that it acts solely as a FAIS intermediary.
- Support hours
- Not verified
Documented advantages
- Both published account types list a USD 50 minimum deposit.
Documented limitations
- The South African entity is an intermediary rather than the product issuer or counterparty.
100%coverage
Published profile coverage
8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.
Company structure
Legal entities
Registered companies associated with this broker profile.
Spec Capitals Ltd
MU
Registration not shown
Trading access
Account types
Available account structures and their current verification state.
Pure Spread
unverified- Deposit
- USD 50.00
- Leverage
- 1:1000
No commission
- Spread
- From 1.00 pips
- Base currencies
- Not shown
- Margin call / stop-out
- —% / —%
- Demo / Islamic
- Yes / Yes
- Balance protection
- Unknown
- Last verified
- Not verified
Raw Zero
unverified- Deposit
- USD 50.00
- Leverage
- 1:1000
USD 3.50 per lot per side
- Spread
- From 0.00 pips
- Base currencies
- Not shown
- Margin call / stop-out
- —% / —%
- Demo / Islamic
- Yes / Yes
- Balance protection
- Unknown
- Last verified
- Not verified
Markets and instruments
Commodity CFDs
unverified
Cryptocurrency CFDs
unverified
Forex CFDs
unverified
Index CFDs
unverified
metal CFDs
unverified
Research sources
Licenses and regulators
FSCA
54462
Last verified: Not shown
Type: Financial Services Provider
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
FSC Mauritius
GB25204599
Last verified: Not shown
Type: Investment Dealer (Full Service Dealer)
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Jurisdiction-specific offerings
MU · retail
unverifiedEntity not linked · Leverage 1:1000
Compensation scheme not shown
ZA · retail
unverifiedEntity not linked · Leverage not shown
Compensation scheme not shown
Score components
Regulation and licenses
5.0/10 · 35%South African and Mauritius permissions are disclosed, but direct register entries were not opened.
Security and track record
2.5/10 · 20%The entity roles are clearly stated, but no independent incident or long-term operating record was established.
Trading conditions
7.5/10 · 15%Official pages provide account minimums, leverage, spreads, commission and platform details.
Company transparency
7.5/10 · 10%Registration, FSP number, addresses, legal entities and the intermediary relationship are disclosed.
Service quality
2.5/10 · 10%A platform and demo path are published, but no independent service-quality evidence was reviewed.
Verified user reviews
0.0/10 · 10%No inspectable verified user-review dataset was found.
Profile update history
Broker profile was published.
2026-08-03
Related regulated broker profiles
These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.