SouqFX

Phoebe Yao

1-2 سنة

Is SouqFX a regulated broker?

WikiFX رد

No, SouqFX is unregulated, which is a significant concern for me as a trader. Regulation is important because it ensures that the broker is adhering to financial standards and provides a layer of protection for my funds. Without regulation, I feel that my money is at risk.

Broker Issues

SouqFX

Regulation

07-27

الولايات المتحدة

maseko

1-2 سنة

What platforms does SouqFX provide?

WikiFX رد

SouqFX supports the MT5 platform, which is great for experienced traders who need advanced features for analysis and trading. I personally like MT5 for its versatility, but beginners might find it overwhelming.

Broker Issues

SouqFX

Leverage

Instruments

Platform

Account

07-04

الولايات المتحدة

Vongnarin

1-2 سنة

What demo account does SouqFX offer?

WikiFX رد

SouqFX does not offer a demo account, which is a big downside for me. Demo accounts are essential for practicing and testing the platform without risking real money. I personally would prefer brokers that offer demo accounts, especially when starting out.

Broker Issues

SouqFX

Leverage

Account

Platform

Instruments

05-17

الولايات المتحدة

Vongnarin

1-2 سنة

Does SouqFX have any cons?

WikiFX رد

The biggest con for me is that SouqFX is unregulated, which is a huge red flag. Also, they don’t offer a demo account, which I find very limiting, especially for new traders. Not having clear information on leverage and minimum deposit requirements also makes it hard for me to assess the full cost of trading with them.

Broker Issues

SouqFX

Regulation

04-11

الولايات المتحدة