Global Broker Regulation Inquiry App
WikiFX
Davis Wu 
1-2 years
Is Coinlocally legit?
Broker Issues
Regulation
2025-07-29
United States
WikiFX
Reply
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.
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