Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Loyal Primus

Saint Vincent and the Grenadines|2-5 years|
Regulated in South Africa|Financial Service Corporate|White label MT4|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|Medium potential risk|

https://loyalprimus.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
LoyalPrimus-DEMO MT4
Server Location France

Contact

info@loyalprimus.com
https://loyalprimus.com
Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines.
https://www.facebook.com/loyalprimus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Loyal Primus Ltd

Company Abbreviation

Loyal Primus

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-04-19
  • United StatesNFA (license number: 0555433) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0555433)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Users who viewed Loyal Primus also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Sway Markets

7.70
Score
1-2 yearsRegulated in AustraliaAppointed Representative(AR)Self-developed
Official website

IsandisoFX

7.50
Score
1-2 yearsRegulated in South AfricaFinancial Service CorporateMT5 Full License
Official website

KCM Trade

7.74
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website
Pyramid scheme complaint
Expose

Loyal Primus · Company Summary

Registered in St. Vincent and the Grenadines
Regulated by No effective regulation at this time
Year(s) of establishment 1-2 years
Trading instruments Forex pairs, commodities, futures, metals, cryptocurrencies
Minimum Initial Deposit $10
Maximum Leverage 1:1000
Minimum spread 0.6 pips onwards
Trading platform MT4
Deposit and withdrawal method Information not available
Customer Service 24/5 Email
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of Loyal Primus

Advantages:

  • Commission-free trading with spreads starting at 0.6 pips for all account types

  • Up to 1:1000 maximum leverage offered

  • Multiple account types with low minimum deposits, including a demo account for practicing trading strategies

  • Access to the popular and user-friendly MT4 trading platform

  • Market screener, economic calendar, and market analysis available for traders to stay informed

  • 50% deposit bonus promotion available for new accounts

Disadvantages:

  • Not regulated by any financial authority, increasing the risk for traders

  • Limited information about deposit and withdrawal methods available on their website

  • Customer support only available via email

  • Limited educational resources beyond market analysis and basic economic calendar

  • Limited trading instruments compared to some other brokers, with only forex pairs, commodities, futures, metals, and cryptocurrencies available.

What type of broker is Loyal Primus?

Advantages Disadvantages
Loyal Primus offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, Loyal Primus has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

Loyal Primus is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Loyal Primus acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Loyal Primus has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Loyal Primus or any other MM broker.

General information and regulation of Loyal Primus

Loyal Primus is a forex and CFD broker registered in St. Vincent and the Grenadines. The company offers a range of trading instruments including forex pairs, commodities, futures, metals, and cryptocurrencies. They offer commission-free trading with spreads as low as 0.6 pips for all account types, including the Standard and Standard Pro accounts with minimum deposits of $10 and $100 respectively, and a demo account with no minimum deposit required. The company uses the MT4 platform, and provides leverage of up to 1:1000. Loyal Primus also offers educational resources such as a market screener, economic calendar, and market analysis. However, their customer support is limited to email only, and there is little information available about deposit and withdrawal methods.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Diverse range of financial instruments including forex pairs, commodities, futures, metals, and cryptocurrencies. Not regulated by any financial authority, which may expose traders to potential fraud.
Ability to access various markets and diversify trading portfolios. Limited information on trading conditions, such as spreads, leverage, and fees.
Opportunity for traders to take advantage of different market trends and profit from volatility. Lack of transparency regarding pricing and execution.
Potential for high returns due to the volatility of some of the instruments offered. No negative balance protection, meaning traders may potentially lose more than their initial deposit.
Opportunity for traders to hedge their positions and manage risks. Limited customer support, which may result in delays in resolving trading issues.

Loyal Primus offers a diverse range of financial instruments for trading, including forex pairs, commodities, futures, metals, and cryptocurrencies. This allows traders to access various markets and diversify their trading portfolios, taking advantage of different market trends and profit from volatility. The potential for high returns exists due to the volatility of some of the instruments offered, and traders have the opportunity to hedge their positions and manage risks.

market instruments

Spreads, commissions and other costs

Advantages Disadvantages
Commission-free trading Wide spreads may increase trading costs
Competitive spreads from 0.6 pips Limited information about other potential costs such as swap fees or inactivity fees
No hidden fees or charges
Transparent pricing

Loyal Primus offers commission-free trading on all account types, making it an attractive option for traders who want to minimize costs. The spreads start from as low as 0.6 pips, which is a competitive rate compared to other brokers in the industry. The pricing is transparent and there are no hidden fees or charges, providing a sense of security for traders. However, it is important to note that wide spreads may increase trading costs, especially for high-frequency traders. Additionally, the broker does not provide much information about other potential costs such as swap fees or inactivity fees, which may be a disadvantage for some traders.

spreads and commissions

Trading accounts available in Loyal Primus

Advantages Disadvantages
Low minimum deposit requirement for the standard account No other account types offered
Multiple account types available for different needs and trading styles No information provided on additional account features such as bonuses or promotions
No commissions charged on any account type Maximum leverage of 1:1000 for Standard Pro account may be too high and risky for some traders
Demo account available for beginners to practice and learn trading without risking real money Limited information provided on account funding and withdrawal methods

Loyal Primus offers three different account types to suit various trading needs and preferences. The Standard account requires a low minimum deposit of just 10 USD and offers a maximum leverage of 1:500, which is suitable for many traders. The Standard Pro account requires a higher minimum deposit of 100 USD, but offers a maximum leverage of 1:1000, which may be attractive to experienced traders seeking higher leverage. Both account types offer spreads from 0.6 pips and do not charge any commissions. Additionally, Loyal Primus offers a demo account for beginners to practice trading strategies and techniques without risking real money. However, there is limited information provided on account funding and withdrawal methods, and no additional account features such as bonuses or promotions are mentioned. Overall, Loyal Primus provides a reasonable selection of account types with competitive spreads and leverage, making it a viable option for many traders.

account types

Trading platform(s) that Loyal Primus offers

Advantages Disadvantages
Popular and widely-used platform Limited integration with social trading
Customizable interface with various technical analysis tools Limited support for automated trading strategies
Fast and reliable trade execution Limited in-built fundamental analysis tools
Availability of a vast online community and support Limited custom indicators
Compatibility with various devices including desktop, mobile, and web-based platforms Limited charting capabilities

MT4 is a highly popular and widely-used trading platform in the forex industry. It offers a customizable interface with various technical analysis tools, including customizable charting and a range of built-in indicators, to help traders analyze market trends and make informed trading decisions. Additionally, the platform is known for its fast and reliable trade execution, making it a preferred choice for many traders. The platform is compatible with various devices, including desktop, mobile, and web-based platforms, making it highly accessible to traders. Despite these advantages, there are some drawbacks to using MT4. These include limited integration with social trading, limited support for automated trading strategies, limited in-built fundamental analysis tools, limited custom indicators, and limited charting capabilities.

trading platform

Maximum leverage of Loyal Primus

Advantages Disadvantages
Can potentially amplify profits Increases risk of significant losses
Allows traders to control large positions with small amounts of capital Can lead to overtrading and emotional decision making
May increase trading opportunities May lead to margin calls and forced liquidation
Provides flexibility in trading strategies Not suitable for inexperienced traders or those with limited capital

The maximum leverage offered by Loyal Primus is up to 1:1000, which is considered to be a high level of leverage. This means that traders can control larger positions with a smaller amount of capital, potentially increasing their profitability. However, high leverage also significantly increases the risk of significant losses, as even small market movements can result in large losses. It is important for traders to be experienced and knowledgeable about the risks associated with high leverage before utilizing this tool in their trading strategy. Inexperienced traders or those with limited capital may find high leverage to be too risky and may be better off using lower leverage options.

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
50% deposit bonus promotion Limited information about deposit and withdrawal methods on website
Lack of transparency about processing time for withdrawals
Minimum deposit required for the standard account is relatively high

Loyal Primus offers a 50% deposit bonus promotion which can be an advantage for traders looking to boost their initial trading capital. They do not charge any fees for deposits and withdrawals, and offer multiple payment options such as bank transfers, credit cards, and e-wallets, which provides flexibility to their clients. The deposit process is easy and fast, which is a positive aspect. However, the lack of transparency about processing time for withdrawals and the limited information available on their website about deposit and withdrawal methods can be a disadvantage. Additionally, the minimum deposit required for the standard account is relatively high compared to other brokers, which can make it difficult for traders with smaller budgets to start trading with Loyal Primus.

deposit and withdrawal

Educational resources in Loyal Primus

Advantages Disadvantages
Market screener, economic calendar, market analysis Limited educational resources
User-friendly interface No webinars or educational videos
In-depth market analysis Limited research materials
Real-time news updates No trading tutorials or guides

Loyal Primus offers a few educational resources to assist traders in their analysis and decision-making process. These resources include a market screener, an economic calendar, and market analysis. The market screener is an essential tool that helps traders to identify potential trading opportunities based on technical and fundamental analysis. The economic calendar, on the other hand, provides real-time updates on upcoming economic events that can impact the financial markets. Additionally, the market analysis offers in-depth research on market trends and conditions, which can help traders stay up-to-date with the latest developments. However, Loyal Primus lacks extensive educational materials, such as webinars or educational videos. There are also no trading tutorials or guides, which can be a disadvantage for beginner traders.

educational resources

Customer service of Loyal Primus

Advantages Disadvantages
Quick response time via email Limited customer service channels
24/5 customer support No phone or live chat support
Multilingual customer service Limited availability on weekends

Loyal Primus offers customer support only via email, which is available 24/5 and in multiple languages. While email support can be efficient and provides a written record of the conversation, it may not be ideal for urgent queries that require immediate attention. Unfortunately, the company does not offer phone or live chat support, which are more immediate and provide a more personalized experience for customers. Additionally, customer support is not available on weekends, which could be inconvenient for traders in different time zones or those who need assistance outside regular business hours. Overall, while Loyal Primus does offer some level of customer support, the limited channels and availability may not be sufficient for all traders.

customer support

Conclusion

In conclusion, Loyal Primus appears to offer a range of trading instruments with competitive spreads and zero commissions. The platform offered is the popular MT4, and traders have access to high leverage of up to 1:1000. However, the company is not regulated by any financial authority, and there is limited information available about the deposit and withdrawal process. The educational resources provided are also limited, with only a market screener, economic calendar, and market analysis available. Customer care is also limited to email support. Traders should be aware of the risks associated with trading with an unregulated company and take appropriate precautions. While Loyal Primus may offer attractive trading conditions, traders should carefully consider their options and conduct their due diligence before deciding to invest their funds with this company.

Frequently asked questions about Loyal Primus

  • Is Loyal Primus a regulated broker?

  • No, Loyal Primus is not regulated by any financial regulator.

  • What trading platforms does Loyal Primus offer?

  • Loyal Primus offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.

  • What is the minimum deposit required to open an account with Loyal Primus?

  • The minimum deposit for a standard account is $10, while the minimum deposit for a standard pro account is $100.

  • Does Loyal Primus offer any educational resources for traders?

  • Yes, Loyal Primus provides a market screener, economic calendar, and market analysis to help traders stay informed.

  • What is the maximum leverage offered by Loyal Primus?

  • Loyal Primus offers a maximum leverage of up to 1:1000 for traders.

frequently asked questions

News

Don't miss out! These exclusive Diwali offers

NewsDon't miss out! These exclusive Diwali offers

2023-11-16 18:10

LoyalPrimus offers 50% bonus as Diwali promotion. It began on November 1 and will continue until December 30, 2023. The broker said that for a limited time period, it is offering a 50% bonus on funds. Furthermore, the broker stated As a special Diwali treat, we're adding an extra 20% bonus to make your celebration even grander. You will gain an additional 70% trade power!

WikiFX
2023-11-16 18:10
News
Don't miss out! These exclusive Diwali offers
Can We Trust Loyal Primus?

NewsCan We Trust Loyal Primus?

2023-06-27 17:41

In today's article, WikiFX will be taking you on an in-depth review of Loyal Primus, which is a relatively new Forex broker within the industry that was established in 2020.

WikiFX
2023-06-27 17:41
News
Can We Trust Loyal Primus?
WikiFX Review: What does Loyal Primus look like?

ExposureWikiFX Review: What does Loyal Primus look like?

2022-11-19 08:00

Loyal Primus is catching our eye as it seems to be a trending topic. WikiFX made this article to help you better understand this broker.

WikiFX
2022-11-19 08:00
Exposure
WikiFX Review: What does Loyal Primus look like?

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

5

Comments

Write a review

FX1638910292
more than one year
Loyal Primus is nothing but a pure scam. They're evil, manipulating the market with a 19-point spread. The worst service on Earth. I hope they go bankrupt soon. Avoid them at all costs, they'll drain you of every penny. They're market makers, making money when customers lose. They have no interest in anyone making a profit.
2024-03-08 19:04
Reply
0
0
I wanted to have my wd a few days ago and have tried Complen from Royal Primus. contacted the helpdesk several times. just answering the same standard answers with no sign of sincerity to help solve the problem. and there is also no representative to contact.
2024-02-13 20:23
Reply
0
0
FX6125849132
more than one year
cannot wd my money from this broker. in dasboard no amount of money to wd to fill. only can fill the bank details but no amount of money to wd. several times contact helpdesk. only answer the same standard answer with no sincere sign to help to solve the problem. and also no rep to contact.
2023-03-23 13:03
Reply
0
0
魔豆~
more than one year
Overall, the trading conditions offered by this broker were completely unexpected. The MT4 trading platform was as easy as ever, the demo account trading performed very well, and the minimum deposit of only $10 was friendly for newbies.
2023-02-17 12:28
Reply
0
0
HIDE
more than one year
Multi-Asset Account with Low Spreads!!! I have one account for all instruments which I trade like futures, FX, metals & commodities. The spreads on my trading account were very traded friendly and I was offered a leverage of up to 1:1000.
2022-12-16 16:28
Reply
0
1
3
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com