SouqFX
We checked SouqFX against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report SouqFX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.