Coinlocally Forex Broker

CoinlocallyReview Summary Founded/ Registered Country/RegionArmenia RegulationNo regulation Market InstrumentsForex, crypto, metals, indices, energies, equities, ETFs Demo Account✅ LeverageUp to 1:1000 SpreadFrom 0.0 pips Trading PlatformWeb/MT5/Meta Mobile Trader Min Deposit$50 Customer Support24/7 customer support Live chat Telegram, instagram, pinterest, X, medium Tel: +374 10239997 Email: support@coinlocally.forex Regional RestrictionsUSA clients are not allowedCoinlocally 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 spreadsUnable to USA clients With demo accountNo regulation MT5 platform Low minimum deposit requirementIs 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 TypeMin Deposit Standard $50 VIP$1000 Crypto Pro$50 ProCent (temporarily unavailable)$1 ZCA (temporarily unavailable)$50 Demo ✅Leverage Account TypeMin/Max Leverage Standard 100/500 VIP25/100 Crypto Pro25/125 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 TypeCommission Standard From 0.0028% VIPFrom 0.0015% Crypto ProFrom 0.045% ProCent (temporarily unavailable)0.05% ZCA (temporarily unavailable)0 Coinlocally Spreads The spread is floating from 0 pips. Swap Rates Account TypeSwap Standard Yes VIPYes Crypto ProYes ProCent (temporarily unavailable)No ZCA (temporarily unavailable)YesTrading Platform Trading PlatformSupported Available Devices Suitable for Web ✔Desktop/ MT5✔Windows, web, mac, IOS, AndroidExperienced trader Meta Mobile Trader✔Mobile/ MT4❌Desktop, mobile, online web traderBeginnersDeposit and Withdrawal The broker accepts payments via cryptocurrencies, Visa Card and Master Card. Deposit and withdrawal are zero.Deposit & Withdrawal Options Deposit Options Min. DepositFees Processing Time Cryptocurrencies $1NoInstant Visa Card$20NoInstant Master Card$20NoInstant