ANSWER Dear Investor,
Souq Capital is not a trustworthy broker, as it does not hold a valid financial services license from any recognized regulatory authority.
The firm claims to be licensed and regulated in Saint Lucia, citing a reference number issued by the Saint Lucia International Financial Centre (IFC). While our review confirms that a company by this name exists in the IFC registry, this registration only confers International Business Company (IBC) status, an administrative classification that carries no authorization to provide financial or forex trading services. Importantly, the Saint Lucia IFC does not regulate, supervise, or license entities for forex or investment activities.
Therefore, Souq Capital’s assertion that it is licensed and regulated in Saint Lucia is clearly misleading. In reality, the firm operates without legitimate regulatory oversight, which is a serious red flag indicative of potential fraudulent activity.
We strongly advise you to avoid trading with Souq Capital to safeguard your capital and personal information.
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