Forex Brokers

Locker Capital Management

1.5 (15 reviews)
🇦🇺 Australia
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1.5
15 reviews
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About Locker Capital Management

Locker Capital Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: (352) 208-818-74, (81) 3-6863-5385

Addresses: 37 Rue D'anvers #203 1130 Luxemburg City Luxembourg; 2-9/F MG Meguro Ekimae Bldg #106 2-15-19 Kamiosaki Shinagawu-ku Tokyo Japan This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.locker-cm.com.

Customer Reviews

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Frustrating from start to finish

R
Rachel S.
3 weeks ago

My card was charged twice by Locker Capital Management on the same day. I had to dispute it with my bank. Locker Capital Management then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Competitive fees|Good analytical tools|Portfolio tracking tools

Cons: Limited ETF selection|Charting tools need more indicators

Regulatory warning ignored

M
Mia C.
1 months ago

I have been trying to close my account with Locker Capital Management for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Multi-device support|Educational resources|Smooth onboarding|Tax reports included

Cons: Desktop app not available on Linux

Reseller could not help

A
Aiden C.
3 months ago

Locker Capital Management changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Easy withdrawals|Intuitive for beginners|Regular platform improvements

Cons: Inactivity fee applies after 12 months|Help articles are sometimes vague

Not worth a single penny

S
Steven V.
4 months ago

Locker Capital Management advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Multiple order types|Intuitive for beginners

Cons: Live chat only during business hours|Limited ETF selection

Wish I had read reviews first

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Gabrielle D.
5 months ago

I opened an account with Locker Capital Management since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.

Pros: Risk management tools|Low minimum deposit|No hidden fees

Cons: Limited social trading features

Buyer beware - seriously

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Christopher M.
5 months ago

After for a few weeks now with Locker Capital Management, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Good mobile app|Easy withdrawals

Cons: Desktop app not available on Linux

Not what they promise

M
Mia M.
5 months ago

I referred a friend to Locker Capital Management after a friend recommended them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Two-factor authentication|Educational resources|Responsive team|Fast deposits

Cons: No fractional shares|Limited cryptocurrency options

System failures and silence from support

S
Sarah C.
6 months ago

Locker Capital Management locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Personal attention|Multi-device support|Demo account available|Customizable dashboard

Cons: Research section could be deeper

Death of account holder process unknown

S
Seth V.
7 months ago

The mobile app from Locker Capital Management is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Risk management tools|Copy trading available|Intuitive for beginners|Helpful community forum

Cons: Inactivity fee applies after 12 months

Regret choosing Locker Capital Management

T
Tiffany R.
7 months ago

Opened my account with Locker Capital Management through a podcast recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Multi-device support|Good mobile app|Real-time alerts|High security standards

Cons: None so far|Email notifications too frequent