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Global Broker Regulation & Inquiry App

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Local Financial

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.localfinancial.ltd/en

Website

Rating Index

Contact

+1 719 301 0033
support@localfinancial.ltd
https://www.localfinancial.ltd/en

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

Contact number

English

+1 719 301 0033

Other ways of contact

Broker Information

More

Company Name

Local Financial Ltd

Abbreviation

Local Financial

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Local Financial · WikiFX Survey

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Local Financial · Company Summary

Local Financial Review Summary
Founded2020-11-27
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex/Stocks/Indices/Cryptocurrencies/Precious Metals/Commodities
Demo Account
LeverageUp to 1:500
SpreadAs low as 0.1 points
Trading PlatformMT5(Windows/MAC/Android)
Min DepositFrom 0
Customer SupportEmail: Support@localfinanaial.ltd
Online Chat

Local Financial Information

Local Financial is a broker. The tradable instruments, providing standard and ECN with a maximum leverage of 1:500, include forex, stocks, indices, cryptocurrencies, precious metals, and commodities. The minimum spread is 0.1 points and the minimum deposit is 0. Local Financial is still risky due to its unregulated status, high leverage, and bad reviews about difficulty withdrawing money.

Local Financial Information

Pros and Cons

Pros Cons
24/5 customer supportUnregulated
Various instruments: forex, stocks, indices, etc.Negative comments about losses
MT5 availableNo specific cost information
Leverage up to 1:500

Is Local Financial Legit?

Local Financial is not regulated, which makes it less safe than regulated brokers.

Is Local Financial Legit?
Is Local Financial Legit?

What Can I Trade on Local Financial?

Traders can choose different investment directions because the broker provides forex, stocks, indices, cryptocurrencies, precious metals, and commodities.

Tradable Instruments Supported
Forex
Commodities
Stocks
Cryptocurrencies
Precious Metals
Indices
ETFs
Bonds
Mutual Funds
What Can I Trade on Local Financial?

Account Type

Local Financial has standard and ECN accounts. Traders who want low spreads can open an ECN account.

Account Type StandardECN
Minimum spread1.3 points0.1 points
Negative balance protectionYesYes
Account Type

Local Financial Fees

The spread is as low as 0.1 points.

Local Financial Fees

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

Local Financial has an authoritative MT5 trading platform for Windows, MAC, and Android. Compared with MT4, experienced traders prefer MT5.

Trading PlatformSupported Available Devices
MT5Windows/MAC/Android
Trading Platform

Deposit and Withdrawal

The minimum deposit is 0. However, payment methods and associated fees are unspecific. Some traders said that Local Financial was unable to withdraw cash.

Deposit and Withdrawal

Customer Support Options

Local Financial provides 24/5 customer support, and traders can contact Local Financial via live chat and email instead of the phone, which is unable to communicate with customers in time to solve efficiently emergencies.

Contact Options Details
Email Support@localfinanaial.ltd
Online Chat
Supported Language English
Website Language English
Physical Address Not mentioned
Customer Support Options
Customer Support Options

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