Loyal Primus, a multi-asset online trading platform owned by Loyal Primus Limited, was founded in 2020. The company is marketing its services to institutional investors with instruments such as forex, precious metals, and futures trading. According to Loyal Primus, the company is registered in St. Vincent and the Grenadines with registration number 26626 BC 2022.
Loyal Primus has a professional-looking platform at first glance; however, the realities start to show cracks.
Loyal Primus Overview
- Company Name: Loyal Primus
- Website: https://loyalprimus.com/
- Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
- Regulation Status: Regulated by the Financial Sector Conduct Authority (FSCA)
- Operating Since: 2021-12-18
- Warned By: Securities Commission Malaysia (SC)
Regulation Claims vs Reality
Where Is Loyal Primus Regulated?
- The company cites LOYAL PRIMUS (PTY) LTD as a financial firm regulated under FSCA Regulatory No. 51830 (South Africa).
- However, there seems to be no website or verifiable licensing.
- The address appears on the FSCA records and closely resembles the address that Loyal Primus displays on its website; however, it cannot be verified.
Key Issue: When companies make statements that are not supported by evidence but have some regulatory legitimacy, it is a major warning sign for traders.
Warning from SC Malaysia
In addition to its dubious status, Securities Commission Malaysia (SC) publicly warned users not to deal with Loyal Primus.
User Experience – Red Flags from the Community
Trustpilot Reviews
- Loyal Primus holds a 2.0 rating at Trustpilot.
- Typical complaints include: Withdrawal restrictions, lack of customer service, and false account managers.
What Users Are Saying
Many users characterize the platform as dishonest:
“They seem respectful, but when you go to withdraw your money, they start to humbug you.”
“They scammed me from day one. Thieves and crooks.”
Withdrawals – The Core Issue
Withdrawals appear to be the most consistent complaint from Loyal Primus users:
- Unexplained delays
- Fake restrictions
- Manipulative excuses
Some users even allege that their requests were denied outright. One user recounted, “The only people that treated me professionally about getting my money back were a third-party dispute resolution company.” This certainly tells a story about the level of professionalism (or lack of) among internal employees.
Technical Front – Professional Outside, Problematic Inside
Loyal Primus has an attractive, fast, and clean interface, but the interface might only be a gimmick to engage unsuspecting traders.
Concerns:
- No customer service or live support
- Unclear procedures around fund safety
- Indistinct and incomplete legal documents
- Minimal clarity around how your account is handled
Why Loyal Primus Raises Concern
Here’s a summary of red flags:
- Inability to verify regional regulatory oversight
- Followed SC Malaysia’s warning
- Lengthy withdrawal processing
- Persistent complaints from users
- No clarity on how it operates
Final Thoughts – Should You Trust Loyal Primus?
If you are an investor seeking a regulated and secure trading environment, Loyal Primus is not a good option. It looks professional enough and claims to offer a good amount of services, but the user stories and regulatory situation suggest that it is incredibly unreliable.
Many users who trusted Loyal Primus have ended up fighting with the platform to get their money back, and the reviews are terrible; they presented false licensing and have also been warned by financial authorities. It has all the warning signs of a trap that high-risk traders in particular should be avoiding.
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