Loyal Forex

  • Name:Loyal Forex
  • Website:http://loyalforex.com/
  • Location:Saint Kitts and Nevis
  • Found in:2008
  • Regulation Authority:
Editorial Rating:
2.78
Accept US Traders:
No

LoyalForex.com

With a plethora of Forex brokers currently vying for a share of the market it’s easy for an investor to move around on a whim. However, Loyal Forex has tried to buck this trend by creating an ECN platform that offers spreads from 0.4 pips and a No Dealing Desk (NDD) structure.

Formed in 2010 and based in Saint Kitts and Nevis, this broker has a 24-hour customer support team and will process payments via credit and debit cards, wire transfers, liqpay, OKPay, moneybookers and RBK Money.

Beyond this, Loyal Forex has utilised the services of MetaTrader 4 to give its traders the ability to trade from their desktop, web browser or mobile device. 
*As an additional note, US customers are not allowed at trade at LoyalForex.com.*

LoyalForex.com’s Special FX:

Thanks to LoyalForex.com’s NDD structure it is able to provide trader’s with tight spreads; however, beyond this it’s able to offer a 100% deposit match bonus on all deposits over $300. This extra incentive to join Loyal Forex makes it instantly more profitable for emerging traders.

For example, by depositing $300 a trader can receive the same amount back in their account and essentially trade for free. This luxury is something that novices will find particularly useful, especially in the early stages of their trading experience.

Another benefit of trading at Loyal Forex is its 0% commission policy on all ECN trading accounts for 30-days. Using any deposit method they wish, traders won’t pay any extra when they fund their accounts.

The Essentials:

As noted, MetaTrader 4 provides the foundation for all of LoyalForex.com’s three account options and regardless of a trader’s level of experience there’s an option to suit everyone:

Mini account:
Minimum account size = $50
Minimum position size = 0.01 lot
Fixed spreads from 1 pip on major currency pairs.
Leverage = 1:400
Digits quoted after the comma = 4
Number of currency pairs available = 60

Fixed pro account:
Minimum account size = $2,000
Minimum position size = 0.1 lot
Fixed spreads from 1 pip on major currency pairs.
Leverage = 1:400
Digits quoted after the comma = 4
Number of currency pairs available = 60

ECN pro account:
Minimum account size = $1,500
Minimum position size = 0.01 lot
Variable spreads typically from 1 pip with a minimum of 0.4 pips.
Commission (one-way) per 1standard lot = $4
Leverage = 1:400
Digits quoted after the comma = 4
Number of currency pairs available = 60

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