LOYALFXMARKETS

LoyalFXMarkets is a retail forex and CFD broker registered in the United Kingdom since November 2022. The firm operates from an address at Kemp House in London and offers trading in forex, commodities, indices, stocks, and cryptocurrencies. Despite its UK registration, the broker does not hold any regulatory licence from the Financial Conduct Authority (FCA) or any other financial regulator, which is a significant consideration for potential clients.

Our review of the broker's website reveals a straightforward product offering centred on the MetaTrader 5 platform. The firm provides six distinct account types with varying minimum deposits—from $100 for the LEARNER account up to $5,000 for the FIXED account. Maximum leverage across all accounts is set at 1:400, which is relatively high and amplifies both potential gains and risks.

The account structure at LoyalFXMarkets is designed to cater to different trader profiles. The LEARNER account, with a $100 minimum deposit, is clearly aimed at beginners, while the BUSINESS and CORPORATE accounts target more experienced or institutional traders. The ISLAMIC account offers swap-free trading for clients who observe Sharia law, and the FIXED account—with the highest minimum deposit of $5,000—appears to offer fixed spreads, though no details on spread levels are provided beyond the LEARNER and START UP accounts.

Each account type comes with a maximum leverage of 1:400, a stop-out level of 60%, and no commission on trades. Scalping is explicitly not allowed, which may be a limitation for short-term traders. The broker offers demo accounts for all tiers, allowing clients to test the platform before committing real funds.

LoyalFXMarkets provides access to MetaTrader 5, a widely used multi-asset platform known for its advanced charting, automated trading capabilities, and support for multiple order types. The broker also offers a mobile version and a web trader for on-the-go access. According to the website, MT5 includes over 80 built-in technical indicators, three chart types, and nine timeframes, which should satisfy most technical traders.

The instrument selection covers major asset classes: forex pairs, commodities (such as gold and oil), stock indices, individual stocks, and cryptocurrencies. No specific list of available symbols is provided, but the range is typical for a multi-asset broker. Cryptocurrency trading is available, though the terms and conditions regarding crypto CFDs are not clearly outlined on the site.

The broker accepts deposits and processes withdrawals in US dollars, euros, and British pounds. While the exact payment methods are not listed, the website states that options are 'secure, instant, and easy to use.' Withdrawals are processed in the base currency of the trading account. Clients can contact the firm via phone or email in addition to an online enquiry form on the 'Contact Us' page.

Customer support hours are not specified, but the presence of a UK phone number suggests support may be available during European business hours. The contact address in London aligns with the company's UK registration, though this does not guarantee local regulatory oversight.

Our research confirms that LoyalFXMarkets is not authorised or regulated by the Financial Conduct Authority (FCA) or any other recognised financial regulator. While the company is incorporated in the UK, incorporation does not equate to regulatory oversight. The absence of regulation means clients do not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) in the event of a dispute or the firm's insolvency.

Given the high leverage offered and the unregulated status, the broker carries an elevated risk profile. The risk warning on the broker's own website advises that trading CFDs involves substantial risk of loss. Potential clients should carefully evaluate these factors and consider whether the lack of regulatory protection is acceptable for their trading needs.

LoyalFXMarkets was founded in November 2022, making it a relatively new entrant in the forex brokerage industry. The company's website contains historical claims dating back to 2012, which appear inconsistent with its official incorporation date. This discrepancy raises questions about the accuracy of the information presented by the broker.

As of this review, there are no independent user reviews or substantial third-party assessments available for LoyalFXMarkets. The broker's FXCanary Scam Risk Score is 49 out of 100, categorised as 'Guarded,' reflecting the risks associated with an unregulated broker with limited operational history. Traders are advised to conduct further due diligence before engaging with this firm.