LOYAL PRIMUS Review: Allegations of Account Disablement and Withdrawal Denials

Did your attempt to withdraw funds from the LOYAL PRIMUS platform lead to your account deactivation by the broker? Did the broker prevent you from withdrawing when you made profits? Did the broker cancel your withdrawal application by accusing you of suspicious trading activity? These allegations have grown in numbers on independent broker review tools such as WikiFX. In this LOYAL PRIMUS review article, we have examined all these allegations thoroughly.

LOYAL PRIMUS Broker Overview

LOYAL PRIMUS promises to deliver a superior trading experience across a wide range of asset classes, including forex, commodity, crypto and metals. Other advertisements made by the broker on its official website include:

• Spreads starting from zero pips
• A maximum leverage of 1:3000
• 500+ tradable instruments
• A client base of over 30000

The company offers five trading accounts - Cent, Standard, Bonus, Raw and Pro - with specific trading conditions. The table below demonstrates all of these.

While the minimum deposit and commission charged across trading accounts seem reasonable, the high leverage offered can go either way for traders. Such leverage can help them acquire a big market position in exchange for a low margin. However, the downside risk of losing capital quickly, even with a small market movement against your position, cannot be ruled out. Top-tier regulators mandate their associated brokers to keep a leverage of up to 1:30 to prevent potential losses arising from a high ratio.

Checking the Top Trading Allegations Against LOYAL PRIMUS

Multiple Withdrawal Block Cases in the Name of Suspicious Trading Activity

Multiple traders have complained that LOYAL PRIMUS blocked their withdrawals by claiming suspicious trading activity. The broker‘s decision allegedly remained final on this despite repeated assurances by traders of their fair play when placing trades on the platform. Deeply concerned by the overall incident, they shared their negative LOYAL PRIMUS reviews where they are heard accusing the company’s incompetent customer support team.

Multiple Account Disablement Allegations Upon Fund Withdrawal Requests

Several traders across Pakistan, in particular, have complained that the broker intentionally prevents them from withdrawing their funds when they make profits. These allegations are not in isolation; they form a disturbing pattern that spoils the overall trading experience. Check out these multiple complaints on this unfortunate trading circumstance.

Account Disabled After Profitable XAU/USD Trade and Withdrawal Request

An Indonesian trader reported that his trading account was suddenly disabled shortly after generating profits and submitting a withdrawal request through LOYAL PRIMUS.

According to the complaint, the trader deposited approximately $307 and traded normally on the XAU/USD (Gold) pair. The strategy reportedly involved layered positions of 0.03 lots across 10 entries. The trader claimed to have opened sell trades around the 2420 price area and later closed the positions near 2395, resulting in a total profit of approximately $875.

Following the profitable trades, the trader requested a withdrawal of the full account balance, totaling approximately $1182.30. However, shortly after submitting the withdrawal request, the trader alleged that the trading account was disabled without a clear explanation from the broker.

The complainant expressed concerns over the lack of communication and requested that LOYAL PRIMUS restore account access or process the pending withdrawal.

Check this full LOYAL PRIMUS review.

Trader Alleges $30 Offer Misrepresentation After Deposit on Broker Platform

A trader reported that the broker defaulted on the promise of a $30 offer. After depositing the amount, the user shared that the offer was not existent. While less severe than withdrawal-related allegations, the complaint still raises concerns regarding promotional transparency. If the traders words here are true, this further causes reputational damage for LOYAL PRIMUS. Read this exposure report for the broker.

LOYAL PRIMUS Broker Review by WikiFX: Is it Regulated?

Yes, LOYAL PRIMUS is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa for forex trading. It has also acquired licenses from the Australian Securities & Investments Commission (ASIC) for other trading products. Due to the sheer weight of these credible licenses, the broker received a trust score of 5.53 out of 10 from the WikiFX team. However, the broker management must consider user allegations seriously and work to regain their trust.

For more forex broker exposure reports, trading strategies and tips, visit the WikiFX app. Download now!

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