SouqFX

SouqFX operates as SOUQ FX Ltd and is registered in Saint Lucia, an offshore jurisdiction, without any valid authoritative licenses for forex trading. According to WikiFX data, the broker holds a low score of 1.86, reflecting significant concerns due to the absence of credible financial oversight and standard investor protection mechanisms associated with regulated markets.

No, SouqFX does not hold any verified licenses from mainstream financial regulators. The entity is classified as unregulated, which means client funds are not protected by any compensation scheme and the broker operates outside the supervision of recognized authorities.

SouqFX has been in operation for 1-2 years. The broker offers the MetaTrader 5 platform, with reported average connection speeds of 129.20 ms, indicating a specific technological infrastructure.

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