Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
SouqFX
Saint Lucia
|
1-2 years
|
Suspicious Regulatory License
|
MT5 Full License
|
Regional Brokers
|
High potential risk
https://souqfxpro.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
5
Server Name
SouqFX-Server MT5
Server Location 
Japan
JapanContact
+44 7473 124681
info@souqfxpro.com
https://souqfxpro.com/
Offices of Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
Licenses
No valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
2025-10-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Registered Region Saint Lucia
Saint LuciaOperating Period
1-2 years
Company Name
SOUQ FX Ltd
Customer Service Email Address
info@souqfxpro.com
Contact Number
+447473124681
Company Website
Related Software
Website
Company Summary
Wiki Q&A
Comment
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
130.20
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Official website
Website
souqfxpro.com
172.67.198.152
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
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Company
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Company Summary
| SouqFXReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Forex, indices, cryptocurrencies, commodities, shares & ETFs, treasuries |
| Demo Account | ❌ |
| Leverage | / |
| Spread | From 0 pips |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Linkedin, facebook, instagram, X, youtube, tiktok |
| 24/7 customer support | |
| Tel: +44 7473 124681 | |
| Email: info@souqfxpro.com | |
SouqFX Information
SouqFX is an unregulated broker, offering trading on Forex, indices, cryptocurrencies, commodities, shares & ETFs and treasuries with spread from 0 pips on MT5 trading platform.
Pros and Cons
| Pros | Cons |
| Tight spreads | No regulation |
| Various contact channels | No demo accounts |
| MT5 platform |
Is SouqFX Legit?
No. SouqFX currently has no valid regulations. Please be aware of the risk!
What Can I Trade on SouqFX?
SouqFX offers trading on Forex, indices, cryptocurrencies, commodities, shares & ETFs and treasuries.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Shares & ETFs | ✔ |
| Treasuries | ✔ |
| CFDs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type
The broker has not clearly provided the account types it offers, only shown that it has swap-free accounts.
Leverage
The broker has not clearly provided the leverage it offers. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
SouqFX Fees
Trading Fees
The broker says that it requires no additional fees.
SouqFX Spreads
The spread is from 0 pips.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | App Store, Google Play, Windows, Web | Experienced trader |
| MT4 | ❌ | Beginners |
Deposit and Withdrawal
No minimum deposit or withdrawal amount defined and no fees or charges specified. Please be aware of the risk!
Keywords
- 1-2 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
Wiki Q&A
Phoebe Yao 
1-2 years
Is SouqFX a regulated broker?
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
Regulation
07-27
United States
maseko
1-2 years
What platforms does SouqFX provide?
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
Instruments
Platform
Account
Leverage
07-04
United States
Vongnarin
1-2 years
What demo account does SouqFX offer?
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
Platform
Leverage
Instruments
Account
05-17
United States
Vongnarin
1-2 years
Does SouqFX have any cons?
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
Regulation
04-11
United States
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