Can We Trust Loyal Primus?

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At first glance on WikiFX's website, Loyal Primus has a WikiScore of 6.26, which means it is a considerably reliable broker.

Loyal Primus or Loyal Primus Limited is registered at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines, with the company number 26626 BC 2022. Its licensed address is Level 1, Kildare Centre, Corner Kildare Road, Main Street, Newlands, Cape Town. On the other hand, its customer service address is located at B1-18-02, I-Suite Tower I-City (Liberty Tower), PSN Multimedia, Seksyen 7, 40000, Shah Alam, Selangor, Malaysia.

Its official website is www.loyalprimus.com.

Although no phone number is listed on the site, customers can seek help via support@loyalprimus.com.

Loyal Primus does not provide services to Afghanistan, Cuba, Iran, North Korea, Sudan, Syria, Ukraine, or USA residents.

Trading instruments:

Loyal Primus offers a wide range of trading instruments, including currency pairs, commodities and global indices. The broker claims to be an NDD (no dealing desk) broker that offers fairer and faster execution.

Trading platform:

Loyal Primus currently only offers the MT4 platform for its trading clients.

MT4, or MetaTrader 4, is a powerful and widely utilized trading platform that has revolutionized the world of online financial trading. Developed by MetaQuotes Software, MT4 has become the go-to choice for traders, offering a comprehensive range of tools and features that enable individuals to engage in various financial markets, including Forex, commodities, and indices. With its user-friendly interface, advanced charting capabilities, and customizable indicators, MT4 provides traders with the necessary tools to analyze market trends, execute trades, and manage their portfolios effectively. Whether you are a seasoned trader or a beginner, MT4 offers a seamless trading experience, empowering individuals to confidently make informed decisions and navigate the complexities of the global financial markets.

Account types:

Loyal Primus offers 3 different types of accounts for traders at each level. One of the main attractive features offered by Loyal Primus is the low minimum deposit of only $10, high leverage up to 1:1000, and low spreads from as low as 0.6 pips.

Regulatory status:

Loyal Primus is registered with the National Futures Association (NFA) and holds NFA ID number 0555433. Simultaneously, it is also regulated by South Africa's Financial Sector Conduct Authority. WikiFX verified the legitimacy of both of these licenses.

In the forex industry, regulatory bodies are crucial in ensuring trading activities' fairness, transparency, and security. These bodies establish and enforce regulations that brokers must adhere to, protecting traders and maintaining the market's integrity. While two regulatory authorities are regulating Loyal Primus, it is also arguable that these watchdogs have a comparatively lower level of security and oversight than other tier-1 regulatory bodies like Australia's ASIC and the United Kingdom's FCA. These authorities, known for their stringent regulations and robust enforcement, provide a more comprehensive regulatory framework and are often considered more effective in safeguarding investor interests. Therefore, for trading clients who want to seek a broker with better protection, feel free to utilize the free WikiFX mobile application or website (www.wikifx.com) in search of a regulated broker with a WikiScore of at least 8.0 and above.