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Spec Capital Group has obtained an ASIC license for Spec Capital Group Pty Ltd, enabling it to offer services to wholesale clients in Australia. The Australia-based CFDs brokerage operator positions the approval as a major milestone as it enters the Australian wholesale CFD market.
Wikilix Editorial Team
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Australia-based CFDs brokerage operator Spec Capital Group has received an Australian Securities and Investments Commission (ASIC) license for Spec Capital Group Pty Ltd, allowing the firm to offer services to wholesale clients. The company described the license as a major development as it enters the Australian wholesale CFD market.
Spec Capital operates via its website at speccapitalgroup.com, and stated that its strategy is to enter the wholesale CFD segment without compromising on the quality of its offering. The firm said it aims to remain a forerunner in compliance while building out its trading services for professional clients.
Lucy Lu, General Manager at Spec Capital, highlighted the significance of obtaining the ASIC authorization. "Getting this license is a huge milestone for our business, and a lot of effort has gone into getting it," she said. Lu added that the firm has focused on building a robust compliance framework and views the granting of its Australian Financial Services License (AFSL) as a vote of confidence from what she described as one of the toughest regulators globally.
Lu also noted that Spec Capital remains committed to assembling what it considers the most complete trading offering on the market. According to her, the company believes trading can be improved and that it has the expertise to work towards this goal in the wholesale CFD space.
Spec Capital was established in 2025 by former IC Markets director and CFO Lucy Lu, who is based in Australia and serves as General Manager. The company is backed by an investor group led by James E. Thompson III, Executive Chairman of Australia-based logistics company Grace Group.
Alongside the Australian entity, the group also operates an offshore brokerage, Spec Markets, which is domiciled in Mauritius and runs via the website specmarkets.com. The broader group has been building out its team, and earlier this year onboarded TMGM marketing executive Chris Devenish-Meares as Senior Marketing Manager.
The granting of the ASIC license marks a key step in Spec Capital Group's expansion in the Australian wholesale CFD market, providing a regulated framework under which it can serve wholesale clients while emphasizing compliance and governance.
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