https://www.localfinancial.ltd/en
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No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
+1 719 301 0033
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Local Financial Ltd
Local Financial
United Kingdom
Pyramid scheme complaint
Expose
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | from 0 pips |
Products | -- |
Currency | -- |
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Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | from 0.3 pips |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | rom 0 pips |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | -- |
Minimum Spread | from 0.3 pips |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
$(USD)
Local Financial Review Summary | |
Founded | 2020-11-27 |
Registered Country/Region | United Kingdom |
Regulation | Unregulated |
Market Instruments | Forex/Stocks/Indices/Cryptocurrencies/Precious Metals/Commodities |
Demo Account | ❌ |
Leverage | Up to 1:500 |
Spread | As low as 0.1 points |
Trading Platform | MT5(Windows/MAC/Android) |
Min Deposit | From 0 |
Customer Support | Email: Support@localfinanaial.ltd |
Online Chat |
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.
Pros | Cons |
24/5 customer support | Unregulated |
Various instruments: forex, stocks, indices, etc. | Negative comments about losses |
MT5 available | No specific cost information |
Leverage up to 1:500 |
Local Financial is not regulated, which makes it less safe than regulated brokers.
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 | ❌ |
Local Financial has standard and ECN accounts. Traders who want low spreads can open an ECN account.
Account Type | Standard | ECN |
Minimum spread | 1.3 points | 0.1 points |
Negative balance protection | Yes | Yes |
The spread is as low as 0.1 points.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Local Financial has an authoritative MT5 trading platform for Windows, MAC, and Android. Compared with MT4, experienced traders prefer MT5.
Trading Platform | Supported | Available Devices |
MT5 | ✔ | Windows/MAC/Android |
The minimum deposit is 0. However, payment methods and associated fees are unspecific. Some traders said that Local Financial was unable to withdraw cash.
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 |
Support@localfinanaial.ltd | |
Online Chat | ✔ |
Supported Language | English |
Website Language | English |
Physical Address | Not mentioned |
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