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.
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