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At first glance on brokersview website, Loyal Primus has a fairly low rating as the company does not have much information that could strengthen the reliability of this company.
Loyal Primus or Loyal Primus Limited is registered at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines, with the company number 26626 BC 2022. Its licensed address is Level 1, Kildare Centre, Corner Kildare Road, Main Street, Newlands, Cape Town. On the other hand, its customer service address is located at B1-18-02, I-Suite Tower I-City (Liberty Tower), PSN Multimedia, Seksyen 7, 40000, Shah Alam, Selangor, Malaysia.
Regulatory status:
The biggest red flag is that Loyal Primus does not operate with a valid license. There is no information regarding its regulatory status on brokersview.com and neither is there any proof on Loyal Primus official website.
This is the reason why us gave Loyal Primus such a low rating because it is a broker that possesses a lot of uncertainties and potential risks. Having no license and being unregulated means that clients trading capitals are at a much higher risk.
Conclusion
brokersview does not recommend Loyal Primus as it is a risky broker with no license nor any other form of regulatory status. Given that there are a myriad of forex brokers in the market with higher credibility coupled with licenses and regulatory statuses, traders who wish to trade with Loyal Primus should reconsider this decision carefully or make further research personally.