Spec Markets: MT5 accounts, multi-asset CFDs and client-service terms

Both account panels allow micro-lot trading and advertise leverage up to 1:1000. These are headline conditions; instrument-level margin and limits remain separate. The current comparison and downloads centre on MT5 even though some explanatory copy still mentions MT4.[2]

The help centre also describes Cent accounts, with balances and trade sizes expressed in US cents and dedicated pricing. It does not provide the same complete public pricing matrix for that tier; Standard and ECN terms should not be copied into it.[3]

Clients can hold up to ten live and ten demo accounts under one profile, including different account currencies. Live accounts require approved verification. Applicants must be at least eighteen; excluded jurisdictions include Australia, Japan and the United States, with a longer sanctions-related list in the registration guidance.[4]

View full spreads & trading costs

The metals help page defines one XAUUSD lot as 100 troy ounces, quoted in USD. For shares, one lot tracks one share and the published order range is 1–500 lots in increments of one. A forex lot and a share-CFD lot therefore represent different exposures.[12][10]

MT5 is linked for desktop, browser, iOS and Android, including the dedicated WebTerminal. The platform page describes EAs, strategy testing, market depth and six pending-order types. Those are trading tools; a web login does not establish that a locally hosted EA keeps running after its computer is switched off.[11]

The commission schedule confirms USD 7 per round-turn lot on ECN. Standard instead adds a one-pip markup to raw pricing without a separate trade commission. These are different pricing structures, not a claim that every symbol has the same final spread.[15]

One FAQ answer says USD 3.50 round turn, while other answers and the account/commission pages state USD 7. Use the explicitly per-side schedule above and confirm the applied account charge. The FAQ also quotes equivalent round-turn commissions of EUR 6.50, GBP 5.50, SGD 9.50, JPY 1,100 and HKD 54.25; these do not by themselves establish every currency is currently selectable for a new account.[16]

US share CFDs separately publish USD 0.02 per share with a USD 10 minimum commission, plus a floating spread. The page does not specify whether that minimum is charged per side or per completed trade; do not apply the FX USD 7 schedule to shares.[10]

For standard overnight financing, long and short rates are available in each MT5 symbol’s Specification. The swap page lists triple charges on Wednesday for FX and metals and on Friday for energy, indices and crypto. Other categories differ across the swap page and help centre, so check the actual symbol’s rollover settings.[17][13]

Inactivity disclosures conflict. Account help says there is currently no dormancy policy or inactivity fee.[3]

The contract permits USD 5 monthly after three calendar months without deposit/trading activity, waives the charge if another account remains active and allows archiving at zero balance. Obtain written confirmation of the policy applied to the account.[25]

The agreement identifies the Mauritius company as principal counterparty and permits it to hedge or retain risk. An ECN label does not establish an agency-only contract.[25]

Server time is GMT+2, or GMT+3 during US daylight saving time. The published FX schedule is 00:01–23:59 Monday–Friday, ending at 23:57 on Fridays; holidays and instrument-specific sessions can differ. The broker directs users to MT5 Market Watch → Specification for the current session.[20]

US share CFDs publish 16:30–23:00 in MT5 server time, Monday–Friday. This is a platform-clock timetable, not a claim that those hours are fixed in the client’s local timezone.[10]

The main finance table advertises zero broker payment fees, but reserves merchant-cost recovery and a discretionary handling charge for withdrawals without significant trading. It does not quantify that activity threshold or fee. External banks and payment providers can also charge.[21]

Funding help says original deposits return through their original method, with profits/excess then eligible for bank or USDT withdrawal. It lists USD, EUR, GBP, JPY and HKD account/wallet currencies and conversion at the prevailing system rate; it does not quantify a separate conversion markup.[22]

Timing is inconsistent across pages. The main table commonly shows one–two working days for withdrawals; the troubleshooting page gives USDT within fifteen minutes, local payments the same working day and bank wires two–fourteen working days. A noon AEDT/AEST cutoff and additional checks can affect processing. These are published estimates, not tested arrival times.[21][23]

Spec publishes Mauritius company 224658 and investment-dealer licence GB252045999. Its exact live FSC register entry was not retrieved in this review, so the authorisation remains a company-attributed claim here.[1][38]

The Cyprus company, registration HE478613, is described as a payment-processing affiliate acting for the Mauritius business. That is not a separate Cyprus investment-services permission.[1]

Contractual negative-balance protection is assessed after netting across the client’s accounts, with abuse exceptions. It is not a separate guaranteed loss ceiling for every sub-account.[25]

Security help describes optional Google Authenticator or email-based 2FA. Once enabled, it applies to portal login, withdrawal submission and password changes. Compliance reviews can restrict trading or funding until requested identity or source-of-funds evidence is supplied.[24]

Verification requires separate identity and residence evidence. The guidance generally requires identity validity of at least three months and address documents issued within three months; it gives a separate six-month remaining-validity rule when a driving licence is used for residence. The same document cannot fulfil both roles.[4]

The help centre directs connection and order problems to chat, tickets or email, with scheduled maintenance published in Client Area News. It does not establish a telephone dealing service authorised to close an urgent order during a platform outage.[23]

Complaints must be emailed from the registered address within ten working days of the event, with account, platform time, order ticket and dispute details. The contract targets acknowledgement/review and resolution within five business days, subject to extension.[25]

Reporting help describes daily and monthly trading emails, MT5 HTML/CSV history exports and a portal Deals view limited to one month per query. These are account records; Spec does not undertake to file the client’s tax return.[24]

MT5 master-password changes are made through the client area. The separate investor password provides read-only access. The reviewed guidance does not establish a fixed post-reset withdrawal hold or the full recovery process for losing a 2FA device.[3]

Copy-service terms allow platform, subscription and performance charges where disclosed and permit suspension for technical, regulatory or risk reasons. Selecting a provider delegates trading decisions, not the responsibility to understand the offer and monitor the remaining exposure.[28]

For automation, clients can rent a third-party VPS and run their own MT5 terminal continuously. Spec’s reimbursement scheme requires verified live accounts, an invoice/payment record and qualifying FX/metals volume in the previous thirty days: at least five lots for up to USD 25, or ten lots for up to USD 50. Reimbursement cannot exceed the actual bill, requires an application and has a thirty-day interval between approvals.[30]

The general rewards overview still describes an eighteen-month activity condition and no cash alternative. The points terms and help centre instead permit catalogue cash rewards without automatic points expiry. Confirm the current catalogue and applicable terms; reward points are not an immediately withdrawable cash balance.[31][34]

Spec also publishes webinars, tutorials, market commentary and partner services. Those informational and referral activities do not establish that the execution-only trading contract includes personalised investment management.[35]

An official account tutorial retains the Spec FX name, supporting that alias. The reviewed sources do not establish a dated legal-counterparty transfer merely from the change in public branding.[36]

In September 2026, technology provider iSAM Securities announced Spec’s adoption of Radar risk analytics and Apex execution infrastructure. This independently confirms a supplier relationship; it is not an independent test of client fills or profitability.[37]

The website also advertises Australian and South African group permissions. Their protections should not be transferred automatically to a Mauritius account.[1]

Headquarters

Ebène, Mauritius: contracting company