Loyal Brokers

Loyal Brokers is a financial service provider registered in the United Kingdom, founded on July 3, 2023. The company operates under the domain loyalmarkets-svg.com and lists its registered address as 860 The Avenue London EC01 2NK. However, the postcode 'EC01' is not a valid UK postcode, raising questions about the authenticity of the address.

According to our records, Loyal Brokers is unauthorized and unregulated, meaning it does not hold any licence from a recognised financial regulator. This absence of oversight is a significant red flag for traders, as it offers no recourse or investor protection in the event of disputes or insolvency.

Loyal Brokers has no regulatory licences on file. The company is not regulated by any major authority, such as the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or any other national regulator. The lack of regulation means that traders are not covered by compensation schemes or dispute resolution mechanisms.

Given the unregulated status, the broker presents a high risk for potential clients. FXCanary's scam risk score for Loyal Brokers is 75 out of 100, categorised as 'Severe'. This score reflects the absence of regulation and other concerning factors, such as the suspicious address and recent incorporation.

Loyal Brokers offers access to a range of financial markets, including forex, precious metals, stock indexes, and contracts for difference (CFDs). The broker provides leverage of up to 1:500, which is extremely high and carries substantial risk, especially for inexperienced traders.

The broker states that it operates using the MetaTrader 5 (MT5) platform, which is widely used and known for its advanced charting and automated trading capabilities. MT5 is available for mobile devices running iOS, enabling trading on the go.

Loyal Brokers lists three account types: Classic, PRO, and ECN. Each account type is designed to cater to different trading styles and experience levels. The Classic account is likely aimed at beginners, while the PRO and ECN accounts target more advanced traders with tighter spreads or lower commissions.

Minimum deposit requirements vary by account type, though specific figures are not provided in our records. Traders should be aware that higher-tier accounts often require a larger initial deposit.

Loyal Brokers is a newly established, unregulated broker with a high scam risk score. The company's suspicious address and lack of licensing make it unsuitable for most traders. While the broker offers popular products and platforms, the absence of regulatory oversight outweighs any potential benefits.

Prospective clients should exercise extreme caution and consider fully regulated alternatives. FXCanary recommends avoiding unregulated brokers like Loyal Brokers until further verification and regulatory status are established.