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No Regulation
Score
1.69 /10
Danger
Coinlocally
1-2 yearsSuspicious Regulatory License
MT5 Full License
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.43
Risk Management Index0.00
Software Index7.40
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2025-05-14
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Platform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
| CoinlocallyReview Summary | |
| Founded | / |
| Registered Country/Region | Armenia |
| Regulation | No regulation |
| Market Instruments | Forex, crypto, metals, indices, energies, equities, ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | Web/MT5/Meta Mobile Trader |
| Min Deposit | $50 |
| Customer Support | 24/7 customer support |
| Live chat | |
| Telegram, instagram, pinterest, X, medium | |
| Tel: +374 10239997 | |
| Email: support@coinlocally.forex | |
| Regional Restrictions | USA clients are not allowed |
Coinlocally Information
Coinlocally is an unregulated broker, offering trading on forex, crypto, metals, indices, energies, equities and ETFs with leverage up to 1:1000 and spread from 0.0 pips on the web-based trading platform, MT5 and Meta Mobile Trader. The minimum deposit requirement is $50.
Pros and Cons
| Pros | Cons |
| Tight spreads | Unable to USA clients |
| With demo account | No regulation |
| MT5 platform | |
| Low minimum deposit requirement |
Is Coinlocally Legit?
No. Coinlocally currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Coinlocally?
Coinlocally offers trading on forex, crypto, metals, indices, energies, equities and ETFs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Crypto | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Equities | ✔ |
| ETFs | ✔ |
| CFDs | ❌ |
| Commodities | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type
Here are five account types Coinlocally offers:
| Account Type | Min Deposit |
| Standard | $50 |
| VIP | $1000 |
| Crypto Pro | $50 |
| ProCent (temporarily unavailable) | $1 |
| ZCA (temporarily unavailable) | $50 |
| Demo | ✅ |
Leverage
| Account Type | Min/Max Leverage |
| Standard | 100/500 |
| VIP | 25/100 |
| Crypto Pro | 25/125 |
| ProCent (temporarily unavailable) | 100/1000 |
| ZCA (temporarily unavailable) | 100/1000 |
Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Coinlocally Fees
Trading Fees
| Account Type | Commission |
| Standard | From 0.0028% |
| VIP | From 0.0015% |
| Crypto Pro | From 0.045% |
| ProCent (temporarily unavailable) | 0.05% |
| ZCA (temporarily unavailable) | 0 |
Coinlocally Spreads
The spread is floating from 0 pips.
Swap Rates
| Account Type | Swap |
| Standard | Yes |
| VIP | Yes |
| Crypto Pro | Yes |
| ProCent (temporarily unavailable) | No |
| ZCA (temporarily unavailable) | Yes |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Desktop | / |
| MT5 | ✔ | Windows, web, mac, IOS, Android | Experienced trader |
| Meta Mobile Trader | ✔ | Mobile | / |
| MT4 | ❌ | Desktop, mobile, online web trader | Beginners |
Deposit and Withdrawal
The broker accepts payments via cryptocurrencies, Visa Card and Master Card. Deposit and withdrawal are zero.
Deposit & Withdrawal Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Cryptocurrencies | $1 | No | Instant |
| Visa Card | $20 | No | Instant |
| Master Card | $20 | No | Instant |
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