ANSWER Dear Investor,
SpecFX currently claims to be the trading name of Spec Capitals Ltd, which is authorised by the Financial Services Commission (FSC) in Mauritius under licence number GB252045999. Upon investigation, we verified that the company is currently licensed by the Mauritius FSC.
Additionally, SpecFX claims to be regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under the name XInvestment (Pty) Ltd. A search of the FSCA's website confirms that this company is listed as a licensee.
However, please note that both the Mauritius FSC and the FSCA are considered offshore regulators with relatively lenient oversight and limited investor protection. Therefore, even though SpecFX appears to be in regulatory compliance, we recommend that you exercise caution when dealing with any regulated broker. Be sure to conduct thorough due diligence before deciding to invest.
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