Is SOUQ CAPITAL Legit or a Scam? 5 Key Questions Answered (2025)

If you are considering depositing money with SOUQ CAPITAL, you are right to be doing your research first. Safety is the most important factor in trading, not just profit potential.

According to WikiFX data, SOUQ CAPITAL has a Safety Score of 1.81 out of 10. This is considered a low score and indicates a high-risk environment. The firm was established very recently in 2024 and is registered in Saint Lucia.

Here is what the data reveals about their safety, fees, and reliability.

Question 1: Is my money safe with SOUQ CAPITAL?

The Evidence:

According to the regulatory database, SOUQ CAPITAL currently holds no valid regulatory license. While they are registered in Saint Lucia, there is no evidence of authorization from a major financial regulator (like the FCA, ASIC, or CYSEC).

The Verdict:

No. Based on the lack of regulation, your funds are at high risk.

What this means for you:

When a broker is Unregulated, it means they are operating without a “referee.”

• No Segregation of Funds: Regulated brokers must keep your money in a separate bank account. Unregulated brokers can mix your money with their own company funds.
• Counterparty Risk: If the broker goes bankrupt or decides to close down, there is no government compensation scheme to help you get your money back. You are essentially trusting a private company with no oversight.

Question 2: Are the trading fees and leverage fair?

The Evidence:

SOUQ CAPITAL offers a maximum leverage of 1:500. For their “Classic” account, spreads start from 1.2 pips, and for the “Premier” account, spreads start from 0.0 pips.

The Implications:

• High Leverage (1:500): This is a massive amount of leverage. While it allows you to control large positions with small capital (e.g., $100 controls $50,000), it is a double-edged sword. A small market move against you can wipe out your entire balance instantly. Beginners should be extremely careful with leverage this high.
• The Costs: A spread of 1.2 pips on a Standard/Classic account is average for the industry. The $100 minimum deposit makes it accessible, but low entry barriers are often used to attract inexperienced traders.

Question 3: Why aren't there any complaints?

The Evidence:

We checked the WikiFX database and found 0 confirmed complaints against SOUQ CAPITAL so far.

What this really means:

Do not confuse “No complaints” with “Safe.”

SOUQ CAPITAL was established in 2024. Because they are so new, they likely haven't had enough clients or been in business long enough to generate negative feedback yet. In the world of online trading, a “clean sheet” on a brand-new broker is common, but the low safety score (1.81) and lack of regulation are much louder warning signs than the lack of complaints.

Question 4: What software will I use?

The Evidence:

Data shows that SOUQ CAPITAL provides the MT5 (MetaTrader 5) platform, as well as a proprietary (self-developed) mobile app.

The Assessment:

• MT5: This is a positive point. MT5 is a global standard known for advanced charting and automated trading capabilities.
• Proprietary App: Be cautious with “self-developed” apps from unregulated brokers. Unlike MT5, which is third-party software, proprietary apps can sometimes be less stable or prone to glitches during high volatility. If you decide to proceed, test their demo version extensively first.

Final Verdict: Should I open an account?

Based on the data, SOUQ CAPITAL has a WikiFX Score of 1.81, is unregulated, and was only established in 2024.

Recommendation:Use Extreme Caution.

The combination of being unregulated plus being a brand-new entity presents a significant risk to your capital. There are no guarantees that your funds are segregated or safe. Most experts recommend choosing a broker with at least 5 years of history and a Tier-1 license (like the FCA or ASIC).

Brokers change their terms often. Before you click 'Deposit', take 5 seconds to verify their live status and latest certificate on the WikiFX App.