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SouqFX

Offshore
Saint Lucia
,
Since 2024
Last Updated:
23/100
Overall Score

Trading Conditions

Min Deposit:
USD100
Max Leverage:
500
Account Types
ClassicProVIP

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Bank Transfer (Middle East)

bank transfer
4 days
Fee:
Free
Fee:
Free

Credit/Debit Card

credit card
Instant
Fee:
Free
Fee:
Free

PayPal

e wallet
Instant
Fee:
1.5%
Fee:
1.5%

SPEI (Mexico)

bank transfer
Instant
Fee:
Free
Fee:
Free

SEPA (EU)

bank transfer
3 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 13%, 3: Software 50%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
4%Poor
License
13%Poor
Software
50%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor

Company Information

Full Name:SOUQ FX Ltd
Founded:2024
Headquarters:Saint Lucia
Enterprise Offices:N/A

Customer Support

Phone:
+44 7473 124681
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

offers a broad range of options for traders. As an online trader operating in an increasingly competitive market, SouqFX will have a significant effect on your success. The primary areas of focus for SouqFX are the currency markets, but there is little current public information regarding the company or its service offerings. This article serves as a guide to the SouqFX brokerage based on the current information available.

A Brief History and Background of SouqFX Brokerage

SouqFX operates in the financial services space and primarily provides access to the foreign exchange markets as well as other types of financial products/instruments. Unfortunately, there is no specific information regarding the foundation of the SouqFX brokerage, its place of business, or any milestones in its history. It is likely that the company was created with a focus on serving a specific Middle Eastern and/or emerging market. However, it is recommended that potential traders perform additional research and contact the SouqFX brokerage directly for further information.

The SouqFX brokerage provides various services/products/features to its clients, which include:

• Forex pairs, commodities, indices, and possibly cryptocurrency.

• Various account types with different minimum deposit amounts, leveraging amounts, and platforms.

• Technological trading platforms that offer speed and reliability.

Based on the lack of publicly available information, the SouqFX brokerage currently does not have any regulatory authorities overseeing its operations, therefore, potential clients should check with the brokerage for its licensing credentials before trading with it. Below are currently available regulations for the SouqFX brokerage:

Current Regulatory Authority/Licence Number/Credibility

Currently there is little information about SouqFX with regard to regulation or licensing.

Trading Conditions / Trading Platform Technologies

There is very little available data regarding the trading conditions and technology used by the SouqFX brokerage. The following outlines key features that you may find useful when investigating SouqFX:

Trading Conditions Platforms

Study of the Trading Conditions None available

Leverage Up to 1:500 Varies based on account type.

Minimum Deposit $100 Varies based on account type.

Trading Platforms MT5 Seems to be available.

Types of Orders Market/Limit/Stop/Normal

Fee Structures

The following outlines various fee structures available to you. For specific fee structure information, you should confirm fees with the brokerage before using SouqFX.

Fee Description Typical Cost Notes

Deposit and Withdrawal fees None No standardized information available.

Commission Varies, between USD $0 and 0.20 cents. Dependent upon account type.

Spread None No standardized information available.

Inactivity Fees None. No standardized information available.

User Experience and Reputation

The SouqFX brokerage does not have many reviews currently available publicly to assess its marketplace reputation. Therefore, for necessary evaluation of the marketplace reputation, traders should perform the following actions:

• Test out a demo account.

• Review online customer testimonials.

• Contact SouqFX for further clarification of questions.

Recent Activity

There have been no recent activities from SouqFX, such as partnerships, upgrades, or significant announcements. We recommend that you continue to monitor SouqFX for updates through their official website.

In Conclusion

SouqFX has access to a broad range of instruments associated with various platforms that appeal to the needs of traders wishing to trade the foreign exchange markets and different instruments. The limited information surrounding regulation, fee structure, and company history means that potential clientele must perform thorough research into SouqFX prior to beginning to trade. Therefore, we recommend that potential customers check with SouqFX directly for current updates on their service offerings and assess if the risk involved with trading with SouqFX is appropriate for their trading needs before trading with the firm.

Regulatory Licenses

Compliance & oversight

1 license
Saint Lucia
FSATier 3
Saint Lucia#2024-00268
License Details
Type:Financial Service
License #:2024-00268
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

3 types
Classic
Standard
Min Deposit USD 25 • Leverage 1:500 • Commission No commission
Min DepositUSD 25
Leverage1:500
CommissionNo commission
Pro
VIP
Min Deposit USD 500 • Leverage 1:500 • Commission No commission
Min DepositUSD 500
Leverage1:500
CommissionNo commission
VIP
VIP
Min Deposit USD 1,000 • Leverage 1:500 • Commission No commission
Min DepositUSD 1,000
Leverage1:500
CommissionNo commission
3
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

5 methods
Bank Transfer (Middle East)
Bank Transfer4 min
Deposit
Fee:Free
Min:USD 100
Max:USD 50,000
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Credit/Debit Card
Credit CardInstant
Deposit
Fee:Free
Min:USD 50
Max:USD 20,000
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Available in regions accepting Visa and Mastercard.
PayPal
E-WalletInstant
Deposit
Fee:1.5%
Min:USD 50
Max:USD 15,000
Withdrawal
Fee:1.5%
Min:N/A
Max:N/A
Available in regions supporting PayPal.
SPEI (Mexico)
Bank TransferInstant
Deposit
Fee:Free
Min:MXN 500
Max:MXN 100,000
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Primarily for clients in Mexico.
4
Free Deposit
5
Instant
0
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with SouqFX: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark SouqFX at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for SouqFX

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://souqfxpro.com/
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Comments

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