SouqFX is a scam broker? Please check its information

https://souqfxpro.com/

Dear Investor,

SouqFX’s website states that it is incorporated in Saint Lucia under license number 2024-00268. While we were able to locate this registration in the Saint Lucia International Financial Centre (IFC) registry, it is crucial to clarify that this is not a financial license. In fact, this registration only confers International Business Company (IBC) status. Importantly, the Saint Lucia IFC does not regulate or license forex trading activities, nor does it supervise financial service providers. Therefore, referring to this IBC registration number as a license number is misleading and may give investors a false sense of regulatory protection.

Given the absence of any valid financial services authorization, SouqFX exhibits strong indicators of being an unregulated or potentially fraudulent broker.

We strongly advise you to avoid trading with SouqFX and to steer clear of platforms that obscure the distinction between company registration and genuine financial regulation.