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Score
Saint Vincent and the Grenadines
Regulated in South Africa
Financial Service Corporate
White label MT4
Regional Brokers
Suspicious Overrun
Medium potential risk
Influence
Add brokers
Comparison
Quantity 6
Exposure
Score
Regulatory Index4.62
Business Index6.32
Risk Management Index0.00
Software Index8.02
License Index4.62
Single Core
1G
40G
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Company Name
Loyal Primus Ltd
Company Abbreviation
Loyal Primus
Platform registered country and region
Saint Vincent and the Grenadines
Company website
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YouTube
Company summary
Pyramid scheme complaint
Expose
Profits cannot be withdrawn and the account is frozen directly. Fraud broker, freezes the account once the user makes a profit.
Stay away from this fraudulent broker. Yesterday I made a deposit of $600 USD, made a profit of 126 USD and decided to withdraw all my capital to go trade at another broker, but a few hours later my account was deactivated and they blocked me from accessing the dashboard. Now I have my $600 USD stuck in this fraudulent broker. They deactivated my 3 trading accounts too with profit and deposit of 600 usd. accounts 75214066, 75214069 and 75214068
It's been 4 days still haven't withdrawal my money.. I keep cancel and request again.. help desk support there no live chat, only messages.. at first is very fast until u realise is hard to withdraw after that.. deposit is can buy withdrawal can't..
the withdrawal are same date and the time difference only 1 minute why can't approve ? and only 1 blue pending ? the rest still pending check.. help desk didn't even reply my msg... so disappointed
Primus loyal broker cheated at 04.00 on 07.09.2023 candle was different from the others because he wanted to touch my SL. [d83d][de2d]
I traded at this broker with a deposit of 307$. Immediately after that I just traded normally. My trading was in the Xauusd pair with a layering lot of 0.03 with 10 layers. I sold in the 2420 area and I closed at around 2395, making a profit of around $875. Immediately the next day after making the payment details I withdrew all my money amounting to $1182.30 but immediately after that my account was disabled by LoyalPrimus. I hereby hope for the good faith of the LoyalPrimus broker to immediately pay all my withdrawals.
Loyal Primus Review Summary | |
Founded | 2023 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | ASIC |
Market Instruments | Futures, Metals, Commodities, Forex |
Demo Account | ❌ |
Leverage | Up to 1:2000 |
Spread | From 0.6 pips |
Trading Platform | MT5, MT4, Loyal Primus APP |
Minimum Deposit | $15 |
Bonus | ✅ |
Customer Support | Contact form |
Tel: +971 54 389 2863 | |
Email: support@loyalprimus.net | |
Social media: Instagram, YouTube, Twitter, Facebook, LinkedIn, TikTok |
Loyal Primus was registered in 2023 in Saint Vincent and the Grenadines, specializing in the futures, metals, commodities, and forex market. This company is well regulated in Australia, and it provides various channels for customer support. However, it only offers a single type of account, with a minimum deposit of $15 and a maximum leverage of 1:2000.
Pros | Cons |
Regulated well | High leverage ratio |
Low minimum deposit | No demo accounts |
MT4 and MT5 supported | Limited types of account choices |
Multiple channels for customer support | |
No commission fees | |
Promotion and bonus offered |
Loyal Primus is regulated by the Australia Securities and Investment Commission (ASIC). Besides, its domain status shows that it is active.
Regulated Authority | Current Status | Licensed Entity | Regulated Country | License Type | License No. |
Australia Securities and Investment Commission (ASIC) | Regulated | LOYAL PRIMUS GLOBAL PTY LTD | Australia | Appointed Representative | 001310112 |
Loyal Primus offers several types of products, including futures, metals, commodities, and forex.
Tradable Instruments | Supported |
Forex | ✔ |
Futures | ✔ |
Metals | ✔ |
Commodities | ✔ |
Indices | ❌ |
Stocks | ❌ |
Cryptos | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Loyal Primus provides one type of account: Standard Account. Besides, it does not mention whether a free demo account is available or not.
Account Type | Minimum Deposit | Maximum Leverage | Spread | Commission |
Standard | $15 | 1:2000 | From 0.6 pips | ❌ |
The leverage can be up to 1:2000, which is relatively high. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.
Loyal Primus supports the commonly used platforms including MT4 and MT5. Moreover, it also supports its own trading platform, which is available on mobile devices.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | PC, web, mobile, mac | Beginners |
MT5 | ✔ | PC, web, mobile, mac | Experienced traders |
Loyal Primus APP | ✔ | Mobile | / |
Loyal Primus has trading promotions, including a welcome bonus of $30 and loyalty points which can be earned and used to exchange for commodities.
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!
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.
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.
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