According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $15
- MetaTrader4
- FSCA
Our Evaluation of Loyal Primus
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Loyal Primus is a broker with higher-than-average risk and the TU Overall Score of 4.72 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Loyal Primus clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Loyal Primus offers standard and ECN trading accounts with variable spreads and commission-free trading. Clients also benefit from market analysis, bonuses, and a partnership program. To enhance trading performance, Loyal Primus provides tools such as trading signals and expert advisors.
Loyal Primus offers classic trading accounts with variable spreads and no fee, along with market analysis, bonuses, partnership programs, and tools to enhance trading performance.
Brief Look at Loyal Primus
Loyal Primus is a Saint Vincent and the Grenadines-registered broker established in 2020 that utilizes Straight Through Processing (STP) technology. Regulated by the FSCA (South Africa) and a member of the NFA (USA), Loyal Primus provides access to over-the-counter derivatives markets, including forex and CFDs, supporting both margin and spot trading. Named the Most Popular Broker at WikiEXPO-2023, Loyal Primus serves traders from more than 80 countries and offers over 145 trading instruments through the classic MetaTrader 4 platform.
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- Low minimum deposit: $15, $50, or $100, depending on the account type;
- Leverage up to 1:1000;
- No requotes, minimal slippage;
- Accounts with floating spreads and no additional fee;
- Market analysis and reviews, economic calendar, and trading calculators;
- The ability to automate trading using signals from MQL4.community and Expert Advisors;
- Partnership programs, bonuses, and trading contests with valuable prizes.
- Higher spreads compared to other Forex brokers;
- No option to invest in accounts managed by experienced traders;
- No support available via chat or messengers.
TU Expert Advice
Financial expert and analyst at Traders Union
Despite being a newcomer to the Forex industry, Loyal Primus has already garnered awards for its high-quality services. Since its website offers limited information on trading conditions, our team opened an account to assess the broker's actual pros and cons. One advantage is the availability of a demo account, allowing traders to test fees, execution speed, and available assets without risking capital.
The popular MT4 platform makes Loyal Primus attractive to many traders. The broker offers floating spreads and charges no commission on its accounts. However, it doesn't offer cent accounts for those who prefer to trade with minimal investment. The lack of ECN accounts, which offer advantages like tighter spreads, faster execution, and lower fees, may be a drawback for professional traders.
Note that Loyal Primus closes unverified accounts within 15 days of opening. These accounts cannot be reactivated for trading. Therefore, make sure to upload the necessary documents to verify your identity and address immediately after opening an account.
Loyal Primus Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 (MT4) |
|---|---|
| 📊 Accounts: | Demo, Standard, Standard Pro, Pro Bonus (available periodically) |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfer (local/international), debit/credit cards, e-wallets, cryptocurrencies |
| 🚀 Minimum deposit: | $15 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,6-1,4 pips |
| 🔧 Instruments: | Forex, indices, spot indices, commodities, spot commodities, metals, cryptocurrencies, futures |
| 💹 Margin Call / Stop Out: | 100%/30% |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Possible forced leverage reduction, arbitrage trading and trades lasting less than 3 minutes are prohibited |
| 🎁 Contests and bonuses: | Deposit bonus, loyalty points program, trading contest (periodically) |
Loyal Primus is a broker offering market execution and variable spreads. While slippage is possible, there are no requotes. The maximum leverage is either 1:500 or 1:1000, depending on the financial instrument and account type. However, during periods of high market volatility, the broker reserves the right to reduce leverage on any account to 1:50. Additionally, Loyal Primus may cancel short-term orders, which are defined as orders lasting less than 180 seconds.
Loyal Primus Key Parameters Evaluation
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Trading Account Opening
To start trading with Loyal Primus, create a user account, where you can open trading accounts, upload documents, deposit funds, and more. Here’s how to create it:
To begin the registration process, click "Register" on any page of the company's official website.
In the registration form, be sure to provide a valid email address, as a confirmation code for your account will be sent there. Additionally, the broker will ask for personal information and a phone number.
Functions of the user account on the Loyal Primus website:
User account dashboard features:
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News, Education, Daily Analysis. Latest updates, educational resources, and daily market analysis;
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Accounts. Opening additional accounts and viewing statistics on active ones;
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Funds. Managing money transactions, including incoming, outgoing, and internal transfers between accounts;
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Downloads. Accessing the desktop MT4 platform;
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Trading Tools. Tools for traders, including calculators and currency converters;
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WebTrader. Trading via the web platform.
Regulation and safety
Loyal Primus has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Loyal Primus Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
Loyal Primus Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Loyal Primus have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Loyal Primus with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Loyal Primus’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Loyal Primus Standard spreads
| Loyal Primus | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,8 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,7 | 1,4 | 0,5 |
Does Loyal Primus support RAW/ECN accounts?
As we discovered, Loyal Primus does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Loyal Primus. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Loyal Primus Non-Trading Fees
| Loyal Primus | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0-3,5 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
After registering on the Loyal Primus website, traders can choose from various account types currently available. These accounts differ in maximum leverage and minimum deposit requirements, but trading fees are the same across all accounts.
Account Types:
A demo account is also available, which does not require a deposit since the broker provides a virtual balance of up to $100,000.
Loyal Primus offers MT4 accounts with varying levels of leverage, allowing both experienced traders and beginners to open accounts due to the accommodating deposit requirements.
Deposit and withdrawal
Loyal Primus received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Loyal Primus offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- No deposit fee
- Bank wire transfers available
- USDT payments not accepted
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Loyal Primus deposit and withdrawal options?
Loyal Primus offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Loyal Primus less competitive for those seeking diverse payment options.
Loyal Primus Deposit and Withdrawal Methods vs Competitors
| Loyal Primus | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Loyal Primus base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Loyal Primus supports the following base account currencies:
What are Loyal Primus's minimum deposit and withdrawal amounts?
The minimum deposit on Loyal Primus is $20, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Loyal Primus’s support team.
Markets and tradable assets
Loyal Primus offers a limited selection of trading assets compared to the market average. The platform supports 145 assets in total, including 40 Forex pairs.
- 40 supported currency pairs
- Commodity futures are available
- Crypto trading not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Loyal Primus with its competitors, making it easier for you to find the perfect fit.
| Loyal Primus | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 145 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | No | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Loyal Primus offers for beginner traders and investors who prefer not to engage in active trading.
| Loyal Primus | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The company provides 24/7 support every day of the week in multiple languages.
Advantages
- Available 24/7
- Support in 9 languages
Disadvantages
- No live chat
- Slow email responses
To get assistance from Loyal Primus, traders can use:
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The contact form;
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The email address;
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The ticket system on the user account.
Direct phone calls to the brokerage company are not possible, but if a trader provides a phone number in the contact form, a manager will reach out to them.
Contacts
| Registration address | Loyal Primus LTD, Suite 305, Griffith Corporate Centre, St. Vincent and Grenadines |
|---|---|
| Regulation | FSCA |
| Official site | https://loyalprimus.com/ |
| Contacts |
Education
Unregistered traders on the Loyal Primus website have access to a limited selection of educational articles. To find them, go to the Markets section. A demo account can also be used for educational purposes.
After creating an account on the broker's website, access to three levels of education opens up: Beginner, Intermediate, and Advanced. These are short tutorials that cover basic concepts of Forex and the CFD market.
Comparison of Loyal Primus with other Brokers
| Loyal Primus | Eightcap | XM Group | RoboForex | LiteFinance | InstaForex | |
| Trading platform |
MetaTrader4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, MultiTerminal, Sirix Webtrader | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $15 | $100 | $5 | $10 | $10 | $1 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | Yes | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | 7.00% | No |
| Spread | From 0.6 points | From 0 points | From 0.8 points | From 0 points | From 0.5 points | From 0 points |
| Level of margin call / stop out |
100% / 30% | 80% / 50% | 100% / 50% | 60% / 40% | 50% / 20% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | Yes |
Detailed Review of Loyal Primus
Loyal Primus has been operating since 2020, adapting its trading infrastructure to serve traders of all levels. The company emphasizes its high leverage options as a key advantage. Loyal Primus complies with international AML regulations and keeps client funds segregated in bank accounts.
Loyal Primus by the numbers:
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Over 3 years of experience in over-the-counter markets;
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Serving traders from more than 80 countries;
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Over 123,000 registered accounts.
Loyal Primus is MT4 broker for independent and automated OTC trading
The broker provides services for trading various types of CFDs, both with and without leverage. Forex trading includes 43 currency pairs. Traders can also access CFDs on 24 indices, 13 commodities, 7 metals, and futures, as well as 27 cryptocurrency pairs involving USD, EUR, and BTC. For spot trading, there are 13 indices and CFDs on 3 energy resources: BRENTcash, WTIcash, and NGAScash.
All these instruments can be traded manually or using automated programs known as Expert Advisors. Loyal Primus offers the MetaTrader 4 platform, giving clients access to a wide range of trading robots and advisors for algorithmic trading. While the broker allows various trading styles and strategies, it prohibits arbitrage and does not encourage scalping.
Useful functions of Loyal Primus:
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Market screener, trading ideas, real-time quotes;
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Economic events calendar;
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Daily Forex market analysis in the user account;
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Trading calculators - Fibonacci, pip value, profit/loss, margin, stop-loss limit;
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Real-time market data for cryptocurrencies from TradingView.
Advantages:
MT4 trading and demo accounts;
Client funds are held in separate bank accounts;
Trading with variable spreads and no additional broker fees;
A wide range of currency pairs with leverage up to 1:1000;
Deposits and withdrawals in cryptocurrencies;
Loyal Primus offers trading not only on the MT4 desktop platform but also through mobile apps for Android and iOS devices, as well as a web platform.
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