SouqFX

WikiFX | 2025-05-09 16:12

Abstract：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.

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