Loyal Primus is a relatively new broker established in 2021, situated in the financial hub of St. Vincent and the Grenadines. It provides a trading platform for forex, commodities, index trading, and cryptocurrencies aimed at both novice and experienced traders.
Broker Score
With a score of 7.5 out of 10, Loyal Primus offers a solid trading experience backed by advanced technology, a variety of trading instruments, and favorable trading conditions for both scalping and longer-term investment strategies.
Trading Platforms
Loyal Primus provides its traders access to established platforms such as MetaTrader 4 and MetaTrader 5. These platforms are renowned for their user-friendly interface, advanced charting tools, and capability to integrate automated trading through Expert Advisors (EAs).
Account Types
Traders can choose from three types of accounts: Standard, ECN, and Pro, each designed to meet varying trading needs. The minimum deposit starts at $100, making it accessible for new traders. Additionally, a demo account is available for those who wish to practice trading strategies.
Leverage and Spreads
Loyal Primus offers a maximum leverage of 1:500, providing traders with the opportunity to amplify their trading power. The minimum spread starts from 0.1 pips, ensuring that traders can benefit from cost-effective trading conditions.
Regulation and Safety
While Loyal Primus operates in a less regulated environment, it employs various measures to ensure security and transparency. The broker keeps client funds in segregated accounts and adheres to standard operating procedures.
Customer Service
The customer service is commendable, offering support in multiple languages through various channels including live chat, email, and phone assistance, available from Monday through Friday.
Deposits and Withdrawals
The broker supports a variety of deposit and withdrawal methods, including credit cards, bank transfers, and e-wallets. While withdrawals are generally free for certain payment methods, it’s good to review the specific conditions applicable to your account.
Bonuses and Promotions
Loyal Primus offers promotional bonuses for deposits, with up to 50% matching on the initial deposit, providing an incentive for new traders. However, it is important to read the terms and conditions carefully to understand withdrawal restrictions related to bonus funds.
Trading Features
| Features | Details |
|---|---|
| EAs/Robo Trading | Allowed |
| News Trading | Allowed |
| Scalping | Allowed |
| Hedging | Allowed |
| MAM/PAMM | Available |
| Copy Trading | Yes |
Education and Resources
Loyal Primus emphasizes trader education, offering webinars, articles, and video tutorials to assist traders in honing their skills and understanding the market dynamics.
Conclusion
Loyal Primus is a modern brokerage option for traders looking for a reliable platform backed by efficient support and education. While it does not have a regulatory framework, favorable trading conditions, various trading features, and customer-centric services make it an attractive proposition for traders seeking to navigate the financial markets.
Pros and Cons
| Pros | Cons |
|---|---|
| High leverage up to 1:500 | No regulatory oversight |
| Diverse account types | Withdrawal fees for specific methods |
| PAMM/MAM accounts available | Inactivity fees apply after 6 months |
| Rich educational resources | 77% retail investor loss percentage |
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