It can be distinguished from congeners by its small adult size and presence of a single solid dark midlateral stripe on the body, above which is a series of dark blotches forming a second stripe. In the similar but larger, T. schalleri the upper stripe is more variable depending on the mood of the fish, sometimes fading entirely.

M. spechti is also sometimes referred to as M. concolor, particularly in older literature. A dispute regarding conservation of that name was resolved by the ICZN in 2006, however, since M. concolor Ahl, 1937 is a junior primary homonym of M. concolor Schreitmüller, 1936 and thus permanently invalid.

M. opercularis is a classic aquarium fish, having been introduced to the hobby by a French soldier named Gerault in 1869. Of the initial 100 specimens shipped, 22 survived and were successfully bred later that same year by another Frenchman, the Parisian Pierre Carbonnier. This gives the species the distinction of being one of the very first ornamental fish imported to Europe. It is also known as ‘Chinese fighting fish’, ‘paradise gourami’, and ‘blue paradise fish’.