Local Bank foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.local-bank.com/, about the company's legal and temporary regulatory information, the company's address Local Bank Customer Care Center P.O. Box 4906 Miami Lakes, FL 33014-8500.
Local Bank Forex Broker
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Note: Local Bank's official website: https://www.local-bank.com/ is currently inaccessible normally.
Local Bank Information
Local Bank is a bank company registered in the United States. The broker's official website has been closed, so spanaders cannot obtain more security information.
Is Local Bank Legit?
Local Bank is authorized and regulated by the Australia Securities &Investment Commission(ASIC), current status is Revoked, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the bank.
Downsides of Local Bank
- Unavailable Website
Local Bank's official website is currently inaccessible, raising concerns about its reliability and accessibility.
- Lack of Transparency
Since Local Bank does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.
- Regulatory Concerns
The ASIC regulates Local Bank. However, the Revoked status is less safe than a regulated one.
- Withdrawal Difficulty
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.
Negative Local Bank Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders must review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there was only one piece of Local Bank exposure in total.
Exposure. Account canceled without reason
| Classification | Account canceled without reason |
| Date | 2021-07-30 |
| Post Country | Hong Kong, China |
You may visit: https://www.wikifx.com/en/comments/detail/202107303982455828.html.
Conclusion
Local Bank Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Revoked status indicates that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.
FX3799137512
Hong Kong
The new account was deleted. Customer service listed many reasons. Stay away from it.
Exposure
2021-07-30