Global Broker Regulation Inquiry App
WikiFX
No Regulation
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/10
Coinlocally
Armenia
|
1-2 years
|
Suspicious Regulatory License
|
MT5 Full License
|
Regional Brokers
|
High potential risk
https://coinlocally.forex/en
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
Coinlocally-Server
France
1
Influence
C
Influence index NO.1
Indonesia 3.91MT4/5 Identification
MT4/5 Identification
Full License
1
Server Name
Coinlocally-Server MT5
Server Location France
FranceInfluence
Influence
C
Influence index NO.1
Indonesia 3.91Surpassed 18.30% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+374 10239997
support@coinlocally.forex
https://coinlocally.forex/en
https://x.com/fxcoinlocally
Licenses
No valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
2025-10-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Registered Region Armenia
ArmeniaOperating Period
1-2 years
Company Name
Coinlocally LLC
Customer Service Email Address
support@coinlocally.forex
Contact Number
+37410239997
Company Website
Account
Funding
Related Software
Biz Area
Website
Company Summary
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
1 USD
Minimum Spread
from 0
Depositing Method
(3+) MASTER VISA
Withdrawal Method
(3+) MASTER VISA
Minimum Position
--
Commission
--
Products
--
Updated：
2025-10-29
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
195.50
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Company Summary
| 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 |
Keywords
- 1-2 years
- Suspicious Regulatory License
- MT5 Full License
- Self-developed
- Regional Brokers
- High potential risk
Wiki Q&A
Davis Wu 
1-2 years
Is Coinlocally legit?
While Coinlocally offers a variety of trading instruments like coinlocally exchange pairs, forex, and commodities, it is unregulated. This makes it hard for me to consider Coinlocally completely legit. Without regulation, there’s no guarantee that they adhere to industry standards or provide adequate protection for my funds. I’d be hesitant to trade large amounts here.
Broker Issues
Regulation
07-29
United States
Bhavani Durga K
1-2 years
What deposit methods does Coinlocally support?
Coinlocally supports deposits via cryptocurrencies, Visa Card, and MasterCard, which is convenient for me. Personally, I appreciate the ability to use cryptocurrencies for faster deposits. For a more traditional approach, Visa and MasterCard are also available, making it easy to fund my account.
Broker Issues
Withdrawal
Deposit
07-04
United States
Sergey5
1-2 years
What is the minimum deposit for Coinlocally?
The minimum deposit for Coinlocally is $50, which is very affordable, especially for those like me who are new to trading. It’s also worth noting that for some account types, like the VIP account, the deposit requirement is higher, at $1,000.
Broker Issues
Withdrawal
Deposit
07-03
United States
zack18
1-2 years
What leverage does Coinlocally offer?
Coinlocally offers leverage up to 1:1000, which is very high. While this can increase my potential profits, I know that leverage also magnifies losses, so I would be cautious when using such high leverage, especially for coinlocally exchange markets, which can be volatile.
Broker Issues
Platform
Account
Leverage
Instruments
06-26
United States
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