Our review of Loyal Primus highlights reasons why we’re convinced that the broker is a nasty scam. The website we’re discussing in this review can be found at Loyalprimus.com.

The charlatans operating this website are targeting gullible investors. The scam is running on an MT4 whitelabel which is a software integrated with servers designed for both demo and live trading. They outsource it from their fellow offshore scammers who are mostly involved in distributing resources to unlicensed brokers for a monthly fee.

Loyal Primus is currently giving abnornal leverage of 1:1000 and inviting traders to sign up for a “new year” offer of excess leverage.

This sort of leverage is illegal and extremely dangerous as it will most certainly wipe your account in a minute. The scammers are playing reverse psychology because they know that new traders are greedy for quick profit.

So if you’ve lost your money in the hands of these con artists, here’s your chance to recover it. If you fill in the form, you will get free consultation and the purpose is to establish how you got scammed and what steps can be taken to help you get back your funds asap.

Loyal Primus review and overview

This had to be a St. Vincent and the Grenadines broker. The company in question is allegedly called Loyal Primus Ltd.

Loyal Primus Ltd is an anonymous company as we’re unable to trace it in the public records.

Keep in mind that incorporating a company in an offshore region like St Vincent and the Grenadines is quick and dirt cheap. No jumping through hoops, plus scammers get to achieve a veneer of legitimacy if they get the ltd extention attached to their business name.

This website is exactly one year old. It still can’t compete with more established brokers who have been around and doing a good job for the last 5+ years.

The physical address used by LoyalPrimus is shared among many St. Vincent and the Grenadines brokers. All of those brokers have been reported to be a scam.

Some of the brokers housed in that building are NovaTechFX, Tio Markets, Cabana Capitals, Absolute Markets, OmegaPro Trading and many others.

Loyal Primus is therefore holed up inside Griffith Corporate Centre with a bunch of other scammers.

The illegal broker is using an anonymous offshore payment processor. This is typical of all the scam brokers operating inside this establishment.

How Loyalprimus.com will scam you

The website is run by a group of organized criminals who disregard the law. This illegal website targets users from countries that have well-established regulatory framework such as the US, UK, Canada and Australia.

Signing up is so quick and people from all countries are accepted with the purpose of harvesting money from the victim’s credit cards.

This is a caveat to US citizens — it’s a felony to trade with a broker like Loyal Primus because the entity is offering illegal Securities. The FBI could soon come knocking your door and this is the last thing you want. The penalties are heavy.

To the rest of the world, this broker is a market-maker or a bucket shop. We use these words interchangeably because they mean the same thing.

A bucket shop is a broker that keeps all the trades inhouse. Traders will be competing with the broker instead of the broker providing an infrastructure to route their trades to the global exchanges.

A bucket shop is a typical scam that will present various tradeable instruments like CFDs to the trader who in this case is more or less a wager.

If you lose the wager, the broker takes your money. This illegal CFDs broker must ensure that you are not making money from their platform as this would kill their business.

Consequently, they install and configure their trading platform to give them 100% advantage over you.

It’s not uncommon to hear complaints about these CFDs brokers involving traders claiming that their stop loss are being hunted and spreads widening in a fishy way.

In a nutshell, a broker like Loyal Primus is a scam with only one agenda — to make you fail so they can take your deposit and if you’re lucky,they also have the freedom to refuse your deposit and restrict your access to their platform.

If you find yourself in this predicament, your help is here.

Loyal Primus is an unlicensed broker

Other than the operational aspects of this scam, it would be useful to know that all the brokers operating in the St. Vincent and the Grenadines area are not under any serious financial authority.

These brokers are operating and targeting victims from markets that are regulated, notwithstanding the fact that they’re breaching the laws of the countries where they get their customers’ from.

All financial regulators that mean business have warned their citizens against these brokers. In fact, they even publish a list of unregulated and dangerous brokers on a regular basis.

The fact of the matter is that a broker like Loyal Primus is not an authorized custodian of anyone’s money and they are not allowed to provide any kind of financial services.

What they’re selling to you is considered illegal securities as they’ve been associated with financial losses among victims for a very long time.

So to protect consumers, financial regulators have come up with laws governing the industry but for some reasons, scammers still find their way into the marketplace.

Wrapping it up

Thank you for reading. There’s nothing loyal about Loyalprimus.com. Forex scammers can’t be loyal to you. They can only create mayhem in your finances.

But when you first approach them, they’ll tell you nice things and give you financial goosebumps.

This particular scam starts with a minimum deposit of $10 but before you know it, you will have parted with thousands of dollars.

This is because the platform is super-addictive. It is designed to create the illusion of easy and quick money. Deposit more money to get more profit overnight. This is the allure of Loyal Primus scam. Stay away.