Loyal Primus Review: Protect Yourself from Potential Risks
Is Loyal Primus a Legit Broker?
Investing through Loyal Primus? Think again. This review flags serious red flags that point to this broker as unsafe. The site operates under loyalprimus.com (redirecting to loyalprimus.net), where it claims to be an upcoming metals, forex, and commodities trading provider. But alas, the apprehensions over its legitimacy and regulation could be frightening.
Loyal Primus Broker Overview
- Website: https://loyalprimus.net/
- Website Availability: Yes
- Address: (i) First Floor, Kildare Centre, C/O Kildare Road and Main Street Newlands, 7700, Cape Town, South Africa
- (ii)Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines
- Warning Notices: Not Recommended By Review Website Like Lycan Retrieve
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Regulatory Concerns and Mismatched Licenses
Loyal Primus claims to be regulated by:
- The South African FSCA (license 51830), even though it is exceeding the limits of its regulated business.
- Australia ASIC (license 525803), though only for non-forex advisory services.
- Registered in Saint Vincent and the Grenadines, a widely known offshore financial venue.
While it claims to be regulated, it does not possess any valid domain under FSCA. This indicates a strong possibility of being a misrepresentation. Hence this raises a big concern about whether Loyal Primus is legit.
Poor Ratings and User Complaints
What the Reviews Say
- Trustpilot: 2.2/5 – labeled “Poor” with mostly negative reviews.
- Brokersview Rating: 4.0/10.
- 4 complaints on WikiFX in the last 3 months.
Many Loyalprimus com review Trustpilot users reported issues like:
- Withdrawal delays
- Unresponsive support
- Misleading claims
These issues create doubts, especially for new users exploring Loyal Primus login or trading from regions like Loyal Primus Malaysia.
Trading Features: Attractive but Risky
- Only 1 account type
- Minimum deposit: $15
- Leverage: Up to 1:2000 – dangerously high for beginners
- Offers trading in forex, metals, indices, and more
Despite attractive conditions, the lack of transparency and regulatory oversights make Loyal Primus extremely risky.
Final Verdict: Exercise Caution
In a nutshell, this Loyal Primus review suggests that the broker may not be as safe an option for trading. With its false regulatory claims, negative public feedback, and lack of transparency, Loyal Primus appears to be a likely scam broker. We highly recommend that traders avoid this platform and opt for well-regulated ones to ensure safe trading.
Take Informed Action
If you are a victim of Loyal Primus or another broker scam, then take action. Contact us for a free consultation to find out more about your options and start the recovery process.
Remember, at Lycan Retrieve, we build trust, recover losses, and deliver results. Allow us to assist you in receiving your money back.
Contact us right now to safeguard your future and take back financial control.
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