- Dec 29, 2025 BrokersView has found that SouqFX appears to be a scam
SouqFX 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, this is not a financial license, but only confers International Business Company (IBC) status. 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.
SouqFX 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, this is not a financial license, but only confers International Business Company (IBC) status. 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.
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