Summary
In this Loyal Primus review, we will take a look at the features of this platform, the claim that it is regulated, the overall customer experience, and any factors that may raise a red flag about the reliability of this trading platform. While Loyal Primus claims to be a widely available trading service that supports MT4, offers high leverage and low spreads, it has several inconsistencies, gaps in its regulation, and alarmingly negative user reviews that suggest it may be a very dangerous trading platform.
- Website: https://loyalprimus.net/
- Address: NA
- Regulatory Warning: Not warned by any regulatory
Loyal Primus Review – Is This Trading Platform Safe or High-Risk?
Key Points to Know:
Unverified Regulation:
Loyal Primus does not clearly display authorization from any major financial regulator, raising immediate concerns about legitimacy.
No Investor Protection:
Because the platform appears unregulated, users have no protection from schemes like the FSCS or access to official dispute resolution bodies.
Lack of Transparency:
Essential company details such as a verifiable address, phone number, or regulatory registration are either missing or unclear.
High Risk of Financial Loss:
Many complaints relate to withdrawal issues and account access after Loyal Primus login, which is a common pattern among scam platforms.
Claim of FSCA Regulation
Loyal Primus (PTY) Ltd, an entity registered in South Africa with FSCA registration number 51830, has no verified website and has not provided any evidence to support that it is the same entity as Loyal Primus Limited. This leads to ambiguity with regard to regulation, which is a major red flag for traders.
Trading Conditions and Platform Features
Loyal Primus offers 3 types of accounts:
- Standard Account
- Standard Pro Account
- Demo Account (no deposit required)
Other features include:
- Minimum Deposit for Live Trading $15
- Maximum Leverage 1:1000
- Spread as low as 0.6
- Only trading through the MetaTrader 4 platform is available.
Although these conditions are appealing, the combination of high leverage and regulatory ambiguity significantly increases the likelihood of trading loss.
Trustpilot Reviews and Customer Complaints
Loyal Primus has a 2.9-star average rating on Trustpilot; multiple negative reviews have been written about them, including:
- Lack of communication after presale
- Errors with the website and Telegram groups that have been locked
- Not distributing any tokens
- Accounts suspended for no reason provided
- Not providing the ability to withdraw funds, either completely or partially
- No response to customer support requests
Some examples of individual experiences:
- “I lost contact after the presale; I was wondering if this was just a delay or something else.”
- “They suspended my account and held 646 USDT hostage.”
- “I experienced unexpected losses as well as a lack of professionalism.”
These negative reviews indicate a pattern of troubling behavior from Loyal Primus.
Is Loyal Primus Safe? – Final View
There are inconsistencies between the company and regulatory bodies, which can create confusion regarding Loyal Primus, coupled with extremely negative reviews of the Loyal Primus platform by current users. Therefore, it is a highly risky trading platform, and all potential traders are urged to thoroughly research every aspect of the website and regulatory entities prior to depositing funds.
FAQ
Is Loyal Primus regulated?
Loyal Primus’s forex operations currently do not have any clear regulation, since the SVG does not regulate brokers, and the relationship with the FSCA is ambiguous.
Is Loyal Primus legitimate?
Numerous complaints on the platform regarding the inability of users to withdraw their funds, to have their accounts suspended without reason, and unanswered requests for support give rise to considerable doubts about the legitimacy of this platform.
What is the minimum deposit on Loyal Primus?
A minimum deposit of $15 is required to perform real trading on the Loyal Primus platform.
Can I trust the Telegram community updates?
There are many failed reports from users regarding the sudden end to updates following the presale of Loyal Primus; therefore, the reliability of communication within the community cannot be guaranteed.
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