Loyal Primus-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Loyal Primus, a trading name of Loyal Primus Ltd, presents itself as a global online trading provider founded in 2020 and incorporated in St. Vincent and the Grenadines with registration number 26626 BC 2022. The broker claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and variable spreads from 0.5 pips on the leading MetaTrader4 and MT4 Web Trader trading platforms, as well as a choice of two different live account types. Here is the home page of this brokers official site:

As for regulation, Loyal Primus says it is a licensed Business Company under Financial Services Authority, however, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.10/10. Please be aware of the risk.

Market Instruments

Loyal Primus advertises that it offers access to a wide range of trading instruments in financial markets, including forex and CFDs on indices, spot indices, spot commodities, commodities, metals and cryptocurrencies, as well as futures.

Account Types

Loyal Primus claims to offer two types of trading accounts, namely Standard and ECN. The minimum initial deposit amount is only $10 for the Standard account, while the ECN account has a much higher minimum initial capital requirement of $1,000.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can enjoy maximum leverage of 1:500, while the ECN account members can experience leverage of 1:300. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Loyal Primus claims that different account types can enjoy quite different spreads and commissions. Specifically, the Standard account clients have spread from 1.5 pips with no commission charged, while the ECN account holders have a lower spread from 0.5 pips but have to pay some commissions.

Trading Platform Available

Platforms available for trading at Loyal Primus are the industry-standard MetaTrader4 and MT4 Web Trader, compatible with desktop, web, Android and Apple iOS devices. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Loyal Primus says to offer four different deposit options, covering local bank transfers (instant), credit cards (instant), wire (5 days) and cryptocurrencies of USDT and BTC (instant). The minimum initial deposit requirement is said to be only $10, while there is no mention of what the minimum withdrawal amount is.

Customer Support

Loyal Primus‘ customer support can be reached by email: info@loyalprimus.com, support@loyalprimus.com or send messages online to get in touch. Company address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.