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Spec FX (SpecFX) is a forex broker located in Mauritius, regulated by the Financial Services Commission (FSC).
Spec FX accepts clients from all over the world, excluding USA, Australia, China, Japan, Russia, Belarus, Afghanistan, Burma (Myanmar), Central African Republic, Cuba, Congo, Eritrea, Iran, Lebanon, Libya, Mali, Nicaragua, North Korea, Somalia, Sudan, Syria, Venezuela, Yemen, Zimbabwe.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 2 Crypto Pairs | Based on Bitcoin and Ethereum. |
| 11 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
Spec FX is a relatively new forex and CFD broker that entered the market in 2025. The company is based in Ebene, Mauritius, and operates under regulation by the Financial Services Commission (FSC) of Mauritius, a well-known offshore financial regulator. As always with offshore regulators, it's important to understand that the oversight, particularly in terms of investor protection, is not as strong as in traditional “onshore” jurisdictions like the EU or Australia.
One of the main attractions of Spec FX is the trading leverage, which can go up to 1:1000 on the most liquid assets. This is, of course, far more leverage than any reasonable trader would ever need, as the chance of getting liquidated will be very high. However, it could still be attractive for those who want to treat trading a bit more like gambling, and for those who simply want to take a chance with a very small account size.
Like nearly all brokers we have reviewed, Spec FX offers different types of accounts depending on the trader's style and needs. With this broker, there are two choices:
– Standard account, with no commissions and spreads from 1 pip
– ECN account, with $3.5 commissions per lot per side and spreads from 0 pips
The broker's minimum deposit requirement across all account types is $50, making it relatively accessible for traders who want to test the waters without putting a lot of capital at risk.
Spec FX clients can trade via the widely recognised MetaTrader 5 (MT5) platform, either on the web version or on the downloadable desktop version for Mac, Windows or Linux. MT5 has remained one of the most popular trading platforms among retail forex traders since its release back in 2010, largely due to the very extensive library of custom trading strategies and indicators that exist on the platform (known as Expert Advisors).
The broker offers a fairly good selection of tradable instruments, although it is not as large as what many other brokers offer. The selection covers most global markets, including more than 50 forex pairs, two crypto pairs, 11 indices, as well as gold, silver, oil and natural gas. Unfortunately, single stocks are not offered at all, and the same goes for bonds and many more exotic commodities.
All assets are traded as contracts-for-difference (CFDs), which makes it easy to get leveraged exposure to both the long and short side.
Funding options at Spec FX include local bank transfers with primarily Asian currencies like JPY, CNY, and MYR, international bank wire transfers in USD, GBP and EUR, the e-wallet JBC, the stablecoins Tether (USDT) and USD Coin (USDC), as well as Visa and MasterCard. All payment methods have a minimum deposit amount of $50, except for stablecoins which require at least $100 for each transfer. The broker does not charge any fees on its side for processing deposits or withdrawals.
For any questions, the broker's support team can be reached via email, phone, live chat or the messaging app Line (for Japan, South Korea and Thailand). The broker promises that its support team is available 24 hours a day on all trading days.
Overall, Spec FX positions itself as a flexible and competitively priced broker that offers a familiar trading platform, very high leverage, and a decent instrument range. However, the offshore regulatory setting and somewhat limited instrument list may not meet the requirements of all traders. Whether this broker is the right choice or not therefore depends on each trader's unique situation. In any case, it's important to always do proper due diligence before depositing money with any offshore-registered forex broker.
