Global Broker Regulation Inquiry App
WikiFX
Vongnarin 
1-2 years
Does SouqFX have any cons?
Broker Issues
Regulation
04-11
United States
WikiFX
Reply
The biggest con for me is that SouqFX is unregulated, which is a huge red flag. Also, they don’t offer a demo account, which I find very limiting, especially for new traders. Not having clear information on leverage and minimum deposit requirements also makes it hard for me to assess the full cost of trading with them.
Similar Questions
Is CAPSTONE regulated by a financial authority?
Rpy Sundram
06-24
Is IndiaNivesh overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
tabawan_dreamer
06-18
What are the pros and cons of Himawari in my view?
tabawan_dreamer
08-17
Is Decode Global regulated?
maseko
05-12
Is Axen Broker regulated?
Allan777
06-22