Basic Information
Registered Region 
United States
United StatesOperating Period
5-10 years
Company Name
Local Bank
Customer Service Email Address
Local@Local-Bank.com
Contact Number
+1 719 301 0033
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Local Bank
United States
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Australia Appointed Representative(AR) Revoked
|
High potential risk
https://www.local-bank.com/
Website
Rating Index
Contact
+1 719 301 0033
support@local-bank.com
https://www.local-bank.com/
Local Bank Customer Care Center P.O. Box 4906 Miami Lakes, FL 33014-8500
LicensesLicensed Entity：LOCAL FINANCIAL PTY LTD
License No. 001286004
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
3
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Comment
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Website
local-bank.com
58.64.157.130Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
LOCAL BANK(Oklahoma (United States))
Active
United States
Registration No. 1100146750
Established
Related sources Website Announcement
Employees
Company Summary
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 traders cannot obtain more security information.
Is Local Bank Legit?
 | Australia Securities &Investment Commission(ASIC) |
| Current Status | Revoked |
| Regulated by | Australia |
| License Type | Appointed Representative(AR) |
| License No. | 001286004 |
| Licensed Institution | LOCAL FINANCIAL PTY LTD |
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
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