LoyalFXMarkets

LoyalFXMarkets Review: Is LoyalFXMarkets Broker Good?

Entering the world of Forex trading should start with choosing the best broker. But what defines a good broker? A good broker should not only have reasonable fees, but also have a user-friendly platform, good customer service, and be reliable. Today, the broker that we will be looking at these qualities is a broker called LoyalFXMarkets, a new broker that is catching the eyes of many traders.

Broker Overview: Is LoyalFXMarkets Safe?

With a relatively short history of establishment, LoyalFXMarkets strives to make traders confident in their services, focusing on helping both novice and professional traders achieve success in their investments.

They have the following highlights:

• Team of Experts: We have a team of experts with knowledge and experience in trading who will share their knowledge and skills with traders.

• Technical Analysis: Use tools and techniques to analyze financial data.

• Customer Support: Provide advice and assistance to traders at all times, including protecting traders from being scammed.

But the most important thing that a new broker must have is to have the right license and regulation, and LoyalFXMarkets has stated that they are licensed by the FCA. As for other information, we will go into more detail in this article.

Broker Licensing and Regulation

If you ask whether LoyalFXMarkets is good or not, you should start by considering the license and registration factors first, which are as follows:

• No licensing and regulatory information found for this broker.

⚠️Warning: Although the LoyalFXMarkets website states that they are registered with the FCA registration number 12170151990, the FCA website states that LoyalFXMarket is not an FCA authorized company.

LoyalFXMarkets Products and Services

Trading products

• Forex- LoyalFXMarket supports trading foreign currencies at the current exchange rate and making profits from the changing rates, such as EUR/USD, USD/CHF, GBP/USD , USD/JPY 

• Commodities- LoyalFXMarket offers trading in commodities such as gold, oil, or agricultural products.

• index- Trade prominent indices such as – S&P/ASX 200 (Australia), FTSE 100 (London), CAC 40 (France), AEX Index (Amsterdam), DAX (Germany), IBEX 35 with LoyalFXMarkets as well.

• share- Trade shares from leading companies worldwide on LoyalFXMarkets' platform and speculate on price changes with CFD contracts.

• Cryptocurrency- Cryptocurrencies ICO coins available at LoyalFXMarkets for trading such as Bitcoin, Etherium/Bitcoin, Etherium, Crypto 10 Index, Litecoin, Neo, Ripple XRP, IOTA, Stellar, EOS, Bitcoin Cash ABC, Cardano, Tron, Monero
  
  

Trading Platform

LoyalFXMarkets offers the MT5 trading platform because MetaTrader 5 (MT5) is designed to allow users to trade financial markets (Forex and CFDs) automatically. It supports CFD and Forex trading on all devices.

LoyalFXMarkets Highlights with MT5:

• Efficient Trade Analysis: MT5 supports simultaneous trading of multiple products, 3 interactive chart styles, 9 timeframes, 39 languages, 80+ technical indicators.

• Easy to create and use EAs: Easily design, create and use Expert Advisors (EAs) using MetaQuotes Language 4 (MQL4).

• Advanced analytical tools: MT5 comes with advanced analytical tools to track and predict market trends.

• Trading Signals and Copy Trading: MT5 allows you to copy the trades of other traders.

LoyalFXMarkets Account Types Review

There are 6 types of trading accounts available at LoyalFXMarkets:

Learner

• Minimum deposit: 100 USD

• Spread: Floating 3 pips

• Minimum order size: 0.01 (1000 units)

• Maximum leverage: 1:400

• Stop Out: 60%

• Scalping: Not supported

• Swap Free: Yes

Start Up

• Minimum deposit: 500 USD

• Spread: Floating 4 pips

• Minimum order size: 0.05 (5000 units)

• Maximum leverage: 1:400

• Stop Out: 60%

• Scalping: Not supported

• Swap Free: Yes

Business

• Minimum deposit: 1000 USD

• Spread: Floating 5 pips

• Minimum order size: 0.10 (10000 units)

• Maximum leverage: 1:400

• Stop Out: 50%

• Scalping: Not supported

• Swap Free: Yes

Corporate

• Minimum deposit: 2500 USD

• Spread: Floating 5.5 pips

• Minimum order size: 0.15 (15000 units)

• Maximum leverage: 1:400

• Stop Out: 50%

• Scalping: Not supported

• Swap Free: Yes

Fixed

• Minimum deposit: 5000 USD

• Spread: Floating 6 pips

• Minimum order size: 0.20 (20000 units)

• Maximum leverage: 1:400

• Stop Out: 50%

• Scalping: Not supported

• Swap Free: Yes

Islamic

• Minimum deposit: 1500 USD

• Spread: Floating 7 pips

• Minimum order size: 0.10 (10000 units)

• Maximum leverage: 1:400

• Stop Out: 50%

• Scalping: Not supported

• Free Swap: Not Supported

note:

• Account Currency: USD for all account types

• Commission: 0 for all account types

• Trading tools: Forex, Commodities, Indices, Index Stocks, Cryptocurrency for all account types.

• Demo Version: Available for all account types except Islamic accounts.

Deposit and Withdrawal Review

Deposit

Bank Transfer

• Currency USD, EUR, GBP

• Minimum deposit $100

• No fees

• Processing time within 1 business day

Credit/Debit Card

• Currency USD, EUR, GBP

• Minimum deposit $100

• No fees

• Processing time: Immediate

Skrill

• Currency USD, EUR, GBP

• Minimum deposit $100

• No fees

• Processing time: Immediate

Net meter

• Currency USD, EUR, GBP

• Minimum deposit $100

• No fees

• Processing time: Immediate

Withdrawal

Bank Transfer

• Currency USD, EUR, GBP

• Minimum withdrawal $25

• No fees

• Processing time within 1 business day

Credit/Debit Card

• Currency USD, EUR, GBP

• Minimum withdrawal $25

• No fees

• Processing time within 1 business day

Skrill

• Currency USD, EUR, GBP

• Minimum withdrawal $25

• No fees

• Processing time within 1 business day

Net meter

• Currency USD, EUR, GBP

• Minimum withdrawal $25

• No fees

• Processing time within 1 business day

LoyalFXMarkets Customer Service

• Email: info@loyalfxmarkets.com / supports@loyalfxmarkets.com

• TEL: +44 115 496 0276  / +44 161 496 0297

• Address: Kemp House, 160 City Rd, London EC1V 2NX, United Kingdom

Summary: Is LoyalFXMarkets Broker Review Good?

All the information about LoyalFXMarkets broker shows that the broker has quite a lot of qualities to provide services to traders. The only thing missing is the main factor, which is the license that was reported directly from the organization as fake, which greatly reduces the credibility. Therefore, anyone who wants to use the service is advised to avoid brokers that do not have a clear confirmation of license like this broker.

Choose the safest and most suitable broker with TrustFinance reviews

Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.

LoyalFXMarkets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.