Editor’s Verdict
Overview
Review
Headquarters | British Virgin Islands |
|---|---|
Year Established | 2008 |
Trading Platform(s) | MetaTrader 4 |
US Persons Accepted? |
Loyal Forex-says that it was started by a group of private Forex traders who were seeking an honest way to trade in a world of dishonest firms that were offering Forex trading services of one kind or another to their clients. Loyal Forex wants its name to stand for the company's stated loyalty to its customers and it is intent on building customer loyalty to Loyal Forex itself.
That is just about all the information available on the Loyal Forex web site about this company. Further contact with Loyal Forex seems possible only through an e-mail link. Deposits will soon be accepted by credit card or wire. Applications can be actioned through a fax submittal as well as a web-based sign up.
The Loyal Forex web site indicates a partnership connection to a company called Prime4x. That company is regulated under the Financial Services Commission (FSC).
Loyal Forex, like many of its competitors, offers the MetaTrader 4 platform for use by its clients. It describes MetaTrader 4 as the standard for charting in the Forex world and it is probably right in that assertion. Trading conditions made available to Loyal Forex clients using this platform include:
• Fixed 2 pip spread in EUR/USD
• Fixed 2.00 pip spread on Majors
• Fixed 1 pip majors on Pro Accounts 50k & above
• Narrow spreads across all currency pairs, as well as gold and silver
• No additional transaction fees
• No additional ticket fees or commissions
• No margin calls
• No slippage
A demo account option is also available that involves taking MetaTrader 4 for a test run.
Loyal Forex also offers Affiliate and IB programs for professional traders.
Educational efforts offered for Loyal Forex clients are minimal at best with only a few Forex related terms defined under a tab entitled Forex Learning. According to the web site Forex classes are coming soon.
Trading Platform
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform |
