LoyalBrokers Review – Acts That Are Happening Behind The Scenes

The first thing you notice is that the company is registered as an LLC in Montenegro. Let us briefly mention that this country is quite known as an offshore hub in the middle of Europe.

In any case, there are too many irregularities and potential risks traders can expect. To learn how to keep your funds safe and what are proven tools for trading read our LoyalBrokers review carefully.

Legal Information: Are Loyal Brokers Regulated Or Just Another Scam?

One of the main financial regulators in Montenegro is the Central Bank. However, LoyalBrokers firm is not listed in their register.

Since the brokerage is on European soil it should comply with European Securities and Markets Authority (ESMA) rules. Yet, they don’t. Therefore, prepare your nerves. Especially during withdrawals since the company doesn’t have any funds protection features.

Maximizing Potential With Clone Firms

Important to note is that a similar brand is available with boneymarket.com broker. If these are coming from the same owners, there you have another warning sign.

In any case, you shouldn’t do business with the companies that have exactly the same offer. Especially if both companies claim to be #1 in spreads. Luckily, our Zeta Hedge review helps you learn how to recognize similar swindlers.

What Are Available Trading Instruments?

One of the key missing classes is the cryptocurrency. Therefore, traders have one more reason to avoid this company. Generally, cryptos are still the main topic in the financial world. Instead, this investment firm offers:

• Forex – USD/JPY, AUD/HKD, EUR/NOK
• Commodities – crude oil, silver, palladium
• Indices – DAX30, S&P500, ASX200
• Shares – Walt Disney, McDonald’s, Johnson & Johnson

Is Trading With The Company Costly?

We wouldn’t be able to answer as the brokerage doesn’t reveal its fees and commissions transparently. The only visible cost is spread. But even those are hardly trusted considering already mentioned flaws. In any case, spreads allegedly start from 0.2 pips for some forex pairs.

The leverage with this fraudulent brokerage goes as high as 1:500. Keep in mind that ESMA rules require all European brokers to have a maximum of 1:30 for retail traders.

What Software Does LoyalBrokers Offer?

Generally speaking, you can’t make a mistake with MetaTrader 5. However, with unreliable companies that’s a curse since you are using advanced technology with zero funds protection measures. Therefore, you can lose everything in a blink of an eye. Ultimately, you can’t do anything about it.

One of the main features of MT5 is the Expert Advisor. It allows traders to automate their trading experience. Even more importantly, all iOS and Android users are comforted with dedicated mobile apps.

What Are The Account Types Available?

If you look at our TradeDu review, you will see the importance of different account types. In any case, LoyalBrokers offers only a live and demo account. There’s no big difference in trading conditions. In fact, for new clients, these are practically unknown. Neither you know what’s the minimum deposit requirement.

Overall, account types present motivation for investors to make bigger trades. But with swindlers, it’s a motivation to deposit more money. On the positive side, with their MT5 platform, you can get a demo account before depositing. But, you are limited to a 30-day trial period.

Can You Withdraw The Funds With LoyalBrokers?

For a company that claims to have 15k customers and a 5-star rating, they are quite anonymous. None of these 15k traders is talking about them. 

Therefore, with these bogus lies, you can’t expect smooth withdrawals, especially once you realize the company is not revealing any of the withdrawal conditions, starting with processing time and fees. Not even their poorly designed T&Cs reveal much about the procedure.

How To Contact LoyalBrokers Company?

Apparently, the company offers 24-hour support. Yet, unclear if it is via live chat or phone line. In any case, they have no reliable contact options. Yet, without adequate licenses anything is possible.

In any case, there are two office addresses available in Montenegro, along with e-mail addresses and a phone line.

What We Learned About Loyal Brokers?

Generally speaking, we found all the reasons not to trust this brokerage. With shady ownership and a lack of regulations, this firm represents a highly risky environment. On top of all, there are extremely risky trading conditions included, starting with non-transparent fees and commissions, but also a very high leverage.

Lastly, but most importantly, withdrawal procedure, fees and methods remain unknown. Overall, too much space for manipulation. Therefore, we suggest you choose top-tier licensed brokers. After all, the goal is to sleep tight and not sweat every night about your money.

Is It Possible to Make Money By Online Trading?

Making money in the trading business could be a piece of cake. Of course, if you know what you are doing. But also, if you are in the business with the right brokerage. In general, we always suggest investors choose licensed and fully transparent companies. But also, to automate their process with tools like AI Analysis Bot.

Years of experience accumulated by the technology and compressed in one simple signal. Yet, with full control of the funds in your hands. Forget about the pressure and misleading from unlicensed agents. Make your educated decisions without anyone’s help. To find out how AI Analysis Bot can improve your results, book your first free consultation with our team today!

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