In the following analysis, this article discusses the Loyal Primus Broker Company in addition to providing valuable information on the benefits and drawbacks of using Loyal Primus for trading.
Overview of Company
Loyal Primus is an online broker providing Futures, Metals, Commodities, and Forex traders access to these four areas of trading from its headquarters based in Saint Vincent & Grenadines and was created in late 2023.
Regulated By
Loyal Primus is regulated by ASIC (Australian Securities and Investments Commission).
Customer Support Options
The customer support options for Loyal Primus include a variety of social media accounts (Instagram, YouTube, Twitter, Facebook, LinkedIn & TikTok).
Account Type
Currently, Loyal Primus offers only one type of account, which requires a minimum deposit of $15, allows for leverage of up to 1:2000, and allows trading through Standard Trading Platforms, including both MetaTrader 4 and MetaTrader 5, as well as on the Loyal Primus mobile app.
Pros and Cons
The pros and cons associated with Loyal Primus are as follows:
Pros:
1. Regulated by ASIC
2. Exciting Promotions
3. Low Minimum Deposit
Cons:
1. Limited Account Type Options
2. High Leverage Trading Amounts
Licensing and Regulation
As a licensed broker regulated by ASIC, Loyal Primus has an active website and a transparent Licensing Agreement, which is illustrated in the section below.
Regulator Level (ASIC): Licensed as Loyal Primus Global Pty Ltd.
Country Level (Australia): Approved to operate in.
Listing of Supported Trading Instruments
The following are the trading instruments that may be traded through Loyal Primus.
Forex
Futures ✔
Metals ✔
Commodities ✔
Indices ❌
Stocks ❌
Cryptos ❌
Bonds ❌
Options ❌
ETFs ❌
Account Levels and Trading Fees
At present time, Loyal Primus offers only one type of trading account, the Standard Account. This account has a minimum deposit of $15, offers maximum leverage of up to 1:2000, and spreads starting as low as 0.6 pips with no commissions charged.
Leverage
Traders can use leverage when trading to increase their potential profits and the risks associated with trading. Traders must assess their risk tolerance prior to using high leverage amounts when trading.
Trading Platforms
Loyal Primus supports the following trading platforms:
MT4 ✔ PC Web MAC Beginner (first three) Intermediate (last three).
MT5 ✔ PC Web MAC
Loyal Primus Mobile Application – Everything you need for Trading on the Go!
Promotions
Promotions include a New Customer $30 Welcome Bonus and a Loyalty Points System for redeeming Commodities.
Final Thoughts
In Conclusion, Loyal Primus is an Online Broker providing a low minimum deposit and multiple Trading Platforms. It offers the opportunity for traders to earn attractive Promotions and high levels of Leverage; however, the Company currently does not provide Demo Trading Accounts or multiple account types for traders. Use of Loyal Primus is likely best suited to traders who are capable of handling high levels of Risk and who prefer to be able to access the Markets directly through the MT4 and MT5 Trading Platforms or the Loyal Primus Mobile Application.
Comments
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