Coinlocally, a fintech company that operates a multi-asset trading platform for Forex, cryptocurrencies, indices, commodities, and other products, has introduced a prop trading program within its existing ecosystem. The company launched in 2020 and provides access through MetaTrader 5, a web trader, and a mobile application.
The update adds a second service to the platform, placing the new prop program alongside Coinlocally’s existing Forex offering. The Forex service runs on MetaTrader 5, a web interface, and a mobile app, and supports multiple account types and demo trading. Users also have access to several asset classes, and the platform operates in multiple languages.
The newly launched prop trading program operates through a simulated evaluation process. Participants must follow defined rules, including daily loss limits, leverage restrictions, and position-size controls. Traders who complete the evaluation can qualify for funded account levels of up to $100,000. Coinlocally notes that the prop program functions separately from the brokerage service but remains accessible through the same user interface.
The announcement outlines how the two services coexist on the platform. Users can begin with demo trading, continue with live Forex trading, and then enter the evaluation phase of the prop program. The update describes the structure of both services and how they are positioned within Coinlocally’s broader system.
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