Coinlocally -Trading safe? - WikiFX

WikiFX | 2026-04-20 23:03

Abstract：Coinlocally is an unregulated broker, offering trading on forex, crypto, metals, indices, energies, equities and ETFs .

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