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SouqFX -

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

SouqFX

Saint Lucia | 1-2 years |
Suspicious Regulatory License | MT5 Full License | Regional Brokers | High potential risk

https://souqfxpro.com/

Website
Time Machine

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
SouqFX-Server MT5
Server Location Japan

Contact

+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!
2025-09-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic Information

Registered Region
Saint Lucia
Operating Period
1-2 years
Company Name
SOUQ FX Ltd
Customer Service Email Address
info@souqfxpro.com
Contact Number
+447473124681
Company Website
https://souqfxpro.com/
Related Software
Website
Company Summary
Wiki Q&A
Comment
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
129.40
velocityIcon
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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Website

souqfxpro.com
172.67.198.152
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Company Summary

SouqFXReview Summary
Founded2024
Registered Country/RegionSaint Lucia
RegulationNo regulation
Market InstrumentsForex, indices, cryptocurrencies, commodities, shares & ETFs, treasuries
Demo Account❌
Leverage/
SpreadFrom 0 pips
Trading PlatformMT5
Min Deposit/
Customer SupportLinkedin, 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.

SouqFX Information

Pros and Cons

Pros Cons
Tight spreadsNo regulation
Various contact channelsNo demo accounts
MT5 platform

Is SouqFX Legit?

No. SouqFX currently has no valid regulations. Please be aware of the risk!

Is SouqFX Legit?

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❌
What Can I Trade on SouqFX?
What Can I Trade on SouqFX?

Account Type

The broker has not clearly provided the account types it offers, only shown that it has swap-free accounts.

Account Type

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 Fees

SouqFX Spreads

The spread is from 0 pips.

SouqFX Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔App Store, Google Play, Windows, WebExperienced trader
MT4❌Beginners
Trading Platform

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
Within 1 year

Is SouqFX a regulated broker?

WikiFX Reply
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
United States
maseko
Within 1 year

What platforms does SouqFX provide?

WikiFX Reply
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
Account
Leverage
Platform
Instruments
07-04
United States
Vongnarin
Within 1 year

What demo account does SouqFX offer?

WikiFX Reply
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
Instruments
Leverage
Platform
Account
05-17
United States
Vongnarin
Within 1 year

Does SouqFX have any cons?

WikiFX Reply
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
United States
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