Loyal Brokers is a forex and contract for difference (CFD) broker established in the United Kingdom, with its headquarters in London and branches in countries and regions such as Cyprus, Vanuatu, Dubai, Beijing, and Shanghai. It primarily offers CFD trading services for forex, precious metals, indices, and more. The broker's official website is https://loyalbrokers-svg.com/, and it supports English, Simplified Chinese, and Vietnamese languages. The brand name and logo of Loyal Brokers are very similar to LOYAL BROKERS.
Company Background:
Loyal Brokers claims to have been founded in London, UK, in 2013, with a company registration number of 3144669. However, based on the company registration number provided by Loyal Brokers, there is no relevant registration information available on the UK's Companies House website.
Additionally, according to Whois data, the broker's official website domain was registered on June 28,2023, which is less than six months.
Regulatory Information:
Loyal Brokers operates without oversight from any regulatory authority, potentially lacking the same level of financial security, investor protection, and risk management as regulated brokers. Furthermore, the brand name and logo of this broker closely resemble LOYAL BROKERS.
Trading Products:
Loyal Brokers provides various financial instruments for trading, including:
Forex: It offers opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to speculate on the price movements of one currency against another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY.
Precious Metals: CFDs on precious metals like gold and silver provide trading opportunities based on price fluctuations. Precious metals CFDs allow investors to trade without holding physical assets, potentially profiting from price volatility.
Indices: Index CFDs enable investors to trade based on the price performance of market indices without having to buy or sell the actual index component stocks or assets.
These products not only offer investors access to different financial markets but also allow them to manage risk through diverse portfolios.
Trading Platform:
Loyal Brokers provides the Metatrader 5 (MT5) trading platform to investors. MT5 is widely recognized and popular in the financial industry for its advanced trading features and various analytical tools. Through MT5, investors can access real-time market data and utilize various technical indicators and charting features for market trend analysis.
Account Registration:
Loyal Brokers' official website offers a link for creating a real trading account, with the following steps:
Open the Loyal Brokers official website and click on "Create account" in the top right corner.
Follow the provided steps to fill in the required information (such as email, password, etc.) and complete the account registration.
Account Types:
Loyal Brokers offers three types of trading accounts for investors:
- Classic Account (Minimum deposit of $100)
- ECN Account (Minimum deposit of $1000)
- PRO Account (Minimum deposit of $1000)
Investors can choose the account type that suits their trading needs.
Spreads and Leverage:
Loyal Brokers provides a maximum leverage of 1:1000 to investors, but specific information about spreads, commissions, minimum trade size, etc., is not disclosed.
Deposits and Withdrawals:
Loyal Brokers supports various deposit and withdrawal methods, including VISA, Vietcombank, China UnionPay, and others. Investors can choose the most suitable method based on their preferences.
Customer Support:
Investors can contact Loyal Brokers' customer service through phone, email, and Skype. Since the broker does not specify its customer service hours, responses may not be immediate, potentially affecting the user experience.
Restricted Regions:
Loyal Brokers currently accepts clients from the Asia-Pacific region, specifically from Southeast Asia. It does not provide services to residents of the Americas, Arab countries, CIS countries, and European countries.
Summary:
Loyal Brokers offers users trading opportunities in various financial products. However, the broker has not disclosed information about its registration, commissions, spreads, and operates without regulatory oversight. Currently, the broker is marked as "suspected fraud" on TraderKnows. Users should exercise caution when considering the services provided by this company, prioritize their financial security, and avoid falling into potential fraudulent schemes.
