If a broker actively encourages you to claim large bonuses and trade financial assets without commission, it is worth considering whether it might be a scam. Reputable and regulated companies cannot afford such offers due to strict regulatory requirements, but Loyal Primus can. This is because the platform is not overseen by any reputable regulator, which makes cooperation with it risky. Let’s take a closer look at this in our review.
The company’s official website hardly differs from those of other fraudulent platforms. Loyal Primus used a standard template with main sections in the top menu, a homepage listing advantages without any proof, and a risk warning in the footer.
Navigation follows the usual pattern: the top menu includes sections such as Company, Trading, Promotion, Partnership, Blog, and buttons for Sign Up and Login. None of these sections reveals anything truly important. The Company section provides no concrete data about the owners, legal entity, or business model. The Trading section contains only generic statements about “the best conditions” and an account table filled with marketing fluff instead of numbers. The license is placed in a separate section, and the addresses are displayed at the bottom of every page.
Almost all of the text is written in a “pseudo-motivational” style: “Empowering Traders for Success”, “Your Partner in Growth”, and “Best-in-Class Security”. There are no facts, no evidence. Such phrases carry no real information and merely create an illusion of trust for inexperienced users. Leading brokers base their content on documentation, numbers, references to regulators, and actual trading conditions. It feels as if Loyal Primus borrowed these phrases from the same place as most fraudulent platforms.
The website supports only two languages: English and Spanish. Yet the company claims to have millions of open accounts from supposedly various countries. Overall, this is a clear attempt by the broker to present itself as a serious and professional platform.
The broker offers contact via email and has accounts on several social networks, including Twitter, Instagram, YouTube, and others. However, the number of followers is very small, and activity is almost nonexistent. This means that social media exists only for appearance’s sake, not for real interaction with the trading community.
An even more significant red flag is the fake email address. There is no point in writing to the email listed in the “Contact” section because it simply doesn’t exist. Loyal Primus literally asks clients to contact a nonexistent address.
Now let’s move on to what matters more — the trading conditions. On the website, they are presented as if we are looking at a new market “monster” crushing the competition. In reality, it is a typical set of lures for beginners who have not yet figured out how the real forex market works.
The minimum deposit at Loyal Primus is low, just $15, while the leverage is 1:2000. And that is an important red flag. Reputable, licensed brokers do not do this. In Europe, the maximum is 1:30; among large international brokers, it is 1:500. Why? Because sky-high leverage guarantees that your deposit will go down the drain at the first market move. For scammers, this is perfect: you deposit, you blow up, then you deposit again. They understand very well how leverage works; it is the root cause of all blown accounts.
In addition, Loyal Primus offers a variety of account types. There are “Cent”, “Standard”, “Bonus”, “Pro”, and “Raw”. There are indeed many of them, but no real differences. Only sweet promises and pseudo-privileges change: “spreads from 0 points”, “no commissions”, “perfect for beginners”, and “perfect for pros”. In fact, it is all the same, with no transparency. There are no exact figures for spreads, no contract specifications, no real information about swaps, payouts, or order execution. With reputable brokers, this data is available on the website, in PDFs, and clients can examine every detail.
Bonuses are a separate topic. A 50% or 100% deposit bonus and a loyalty program are great bait for beginners. Any experienced trader knows that bonuses are a dealing desk’s favorite tool. With a bonus, you will be told: “Friend, you cannot withdraw your money until you reach XXX volume”. And that volume is almost always unattainable. The result is the same — funds are frozen, the trader gets nervous, starts trading more, blows the account, and everyone is happy except the trader.
The trading conditions look dangerous, and the fake contacts are a very serious red flag. However, we still need to look at regulation, legal details, and operating history to reach a final verdict.
When a broker confidently writes on the site “Fully Regulated by FSCA”, it should not inspire respect but suspicion. This is not a first-tier regulator like the U.K.’s FCA or Australia’s ASIC. The FSCA does not provide insurance for client deposits, does not control the safekeeping of funds in segregated accounts, and in practice does not monitor order execution. Essentially, a broker with an FSCA license can operate as a classic dealing desk (100% B-book), keeping all trades inside the company.
Loyal Primus also lists jurisdictions in Saint Vincent and the Grenadines and in Australia. However, they do not have an ASIC license. These are simply legal entities that provide no guarantee of protection for client deposits. Furthermore, the terms of business clearly state that all disputes will be resolved in the courts of the offshore Grenadines.
The domain loyalprimus.net was registered only in November 2023. The company’s social media accounts appeared during the same period. This means Loyal Primus started operating very recently, yet it already claims to have “10+ years of experience” and “40 million open accounts”. It is obvious that these figures are blatant lies.
Reviews about Loyal Primus are indeed almost evenly split. Half of them are positive, but they look suspiciously similar: short, overly enthusiastic, and lacking any specifics. This is typical of fake accounts used to create the illusion of popularity.
However, the negative reviews sound much more convincing: traders complain about account blocks, frozen withdrawals, and the disappearance of customer support after attempts to withdraw profits. There are already confirmed cases where, after approving a withdrawal request, the broker simply closed access to the client’s account.
Do not fall for Loyal Primus’ promises. Their “regulation” means nothing, and the company’s background is full of gaps and inconsistencies. Behind the fancy words and pseudo-benefits hides an anonymous broker with no oversight or accountability. A serious trader would never work with them.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
How can people trust a company without a proper license? I looked at this platform and found it’s a fake. There is no real liquidity here. They manipulate the charts however they want. This is complete nonsense; even the license is missing. Zero guarantees.
I also lost $1,000 with Loyal Primus. I’ve already come to terms with the loss, knowing that scammers never return money. That’s why I want to warn all traders – this is a scam. You will lose your deposit too, so do not invest here!
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