General Information
Loyal Primus Is A Forex And Contracts For Difference (CFD) Broker Registered In Saint Vincent And The Grenadines. The Company Offers A Range Of Trading Instruments Including Forex Pairs, Commodities, Futures, Metals And Cryptocurrencies. They Offer Zero Commission Trading With A Minimum Spread Of 0.6 Pips Across All Account Types, Including Standard And Standard Professional, With A Minimum Deposit Of $10 And $100 Respectively And A Demo Account With No Minimum Deposit Requirement. The Company Uses The MT4 Platform And Offers Leverage Of Up To 1:1000. Loyal Primus Also Offers Educational Resources Such As Market Filters, Economic Calendars And Market Analysis. However, Their Customer Support Is Limited To Emails And There Is Very Little Information On Deposit And Withdrawal Methods.
Market Tools
Loyal Primus Offers Four Categories Of Financial Instruments For Trading, Including Forex Pairs, Commodities, Futures, Metals And Cryptocurrencies. This Allows Traders To Access Various Markets And Realize Trading Portfolios, Take Advantage Of Different Market Trends And Profit From Volatility. Due To The Volatility Of Some Of The Instruments Offered, There Is The Potential For High Returns And Traders Have The Opportunity To Hedge Their Positions And Manage Risk.
Spreads, Commissions, And Other Fees
Loyal Primus Offers Commission-free Trading For All Account Types, Making It An Attractive Option For Traders Looking To Cut Costs. Spreads Start From 0.6 Pips And Are Competitive Compared To Other Brokers In The Industry. Pricing Is Transparent And There Are No Hidden Fees Or Fees, Providing A Level Of Security For Traders. However, It Is Important To Note That Wider Spreads Can Increase Trading Costs, Especially For High-frequency Traders. Additionally, This Broker Does Not Have Much Information On Other Potential Costs, Such As Exchange Fees Or Inactive Fees, Which May Be Disadvantageous For Some Traders.
Trading Accounts
Loyal Prime Offers Three Account Options For Traders Of All Levels. Their Product Line Includes:
Standard Account - Designed As An Accessible Entry Point, This Account Requires Only A Minimum $15 Deposit. It Offers Leverage Of Up To 500:1 And A Tight Spread Of A Minimum Of 0.6 Pips. There Are No Hidden Commission Processing Fees, Ensuring Cost-effective Trading.
Standard Professional Account - Aimed At Experienced Traders Looking For Enhanced Leverage, This Option Requires A Minimum Deposit Of $100. In The Exchange, You Can Get Up To 1000:1 Leverage While Still Enjoying The Same Competitive 0.6 Pip Spread And Zero Commission.
Demo Account - A Valuable Risk-free Tool For Novice Traders To Hone Their Skills. No Minimum Deposit Is Required, But You Can Experience Real Trading Conditions With Up To 500:1 Leverage And 0.6 Pip Spread. Familiarize Yourself With The Platform Before Committing Funds.
Trading Platform
MT4 Is A Very Popular And Widely Used Trading Platform In The Forex Industry. It Offers A Customizable Interface And A Variety Of Technical Analysis Tools, Including Customizable Charts And A Range Of Built-in Indicators That Help Traders Analyze Market Trends And Make Informed Trading Decisions. In Addition, The Platform Is Known For Its Fast And Reliable Trade Execution, Becoming The First Choice For Many Traders. The Platform Is Compatible With A Wide Range Of Devices, Including Desktop, Mobile, And Web-based Platforms, Making It Very Convenient For Traders. Despite These Advantages, There Are Also Some Disadvantages To Using MT4, Including Limited Integration With Social Trading, Limited Support For Automated Trading Strategies, Limited Built-in Basic Analysis Tools, Limited Custom Indicators, And Limited Charting Capabilities.
Maximum Leverage
Loyal Primus Offers A Maximum Leverage Ratio Of Up To 1:1000, Which Is Considered A High Leverage Level. This Means That Traders Can Control Larger Positions With Less Capital, Potentially Increasing Their Profitability. However, High Leverage Also Significantly Increases The Risk Of Large Losses, As Even Small Market Fluctuations Can Lead To Large Losses. It Is Important For Traders To Have Experience And Understand The Risks Associated With High Leverage Before Taking Advantage Of This Tool For Trading Strategies. Inexperienced Traders Or Those With Limited Funds May Find High Leverage Too Risky And It Is Best To Use A Lower Leverage Option.
Deposits And Withdrawals
Loyal Primus Offers A 50% Deposit Bonus Promotion, Which Is An Advantage For Traders Looking To Increase Their Initial Trading Capital. They Do Not Charge Deposit And Withdrawal Fees Of Any Processing Fees, And Offer Multiple Payment Methods Such As Bank Transfers, Credit Cards, And E-wallets, Providing Customers With Flexibility. The Deposit Process Is Simple And Quick, Which Is A Positive Aspect. However, The Lack Of Transparency Regarding Withdrawal Processing Times And Limited Information On Deposit And Withdrawal Methods On Their Website Can Be A Disadvantage. Additionally, The Minimum Deposit Required For Standard Accounts Is Relatively High Compared To Other Brokers, Which Can Make It Difficult For Traders With Less Capital To Start Trading With Loyal Primus.
Client Server
Loyal Primus Provides Customer Support Via Email Only And Is Available 24/5 And In Multiple Languages. While Email Support Can Be Efficient And Provide A Written Record Of The Conversation, It May Not Be Ideal For Urgent Issues That Require Immediate Resolution. Unfortunately, The Company Does Not Offer Phone Or Live Chat Support, Which Are More Immediate And Provide A More Personalized Experience For Customers. Additionally, Customer Support Is Not Available On Weekends, Which May Be Inconvenient For Traders In Different Time Zones Or Who Need To Seek Help Outside Of Regular Business Hours. Overall, While Loyal Primus Provides Some Level Of Customer Support, Limited Access And Availability May Not Be Sufficient To Meet The Needs Of All Traders.
