Global Broker Regulation Inquiry App
WikiFX
Vongnarin 
1-2 years
Does SouqFX have any cons?
Broker Issues
Regulation
04-11
United States
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.
Similar Questions
What are the pros of Instaforex?
Vongnarin
07-13
Is Midas Exchange regulated?
Vladimir
06-06
Is Markets4you regulated?
LoukiaCharilaou
06-11
Is KGI Asia overseen by any regulators, and if so, which financial authorities are responsible?
seejay
09-03
What are the advantages of TP Trades' regulation?
MarceloD
08-14