If you use Forex robot traders to trade, a reliable broker is essential to any successful trading operation. Loyal FXCM Markets is one of my top recommendations for Forex brokers. They just became a private brokerage on October 1st 2020.
They have made many significant changes since then to benefit their clients and are on the right track to being one of the top Metatrader 4 Forex brokers. This review will highlight the many benefits of Loyal Forex, and show why they are one my preferred Forex brokers.
Loyal Forex was an introducing broker for Prime4x before they became a fully private brokerage in October 2010. They inherited all the limitations and problems of Prime4x and this unfortunately didn’t help their reputation.
Many serious Forex traders were frustrated by frequent requotes, trade rejections, and fluctuating spreads. If Loyal Forex had not been Prime4x’s broker of choice, I would have removed them from my recommended Forex brokers list.
Loyal Forex established themselves as a private, independent brokerage and made major changes to benefit their clients. These changes have increased customer satisfaction and brought more profit back to their clients’ trading accounts.
These are just a few of the highlights that Loyal Forex has to offer.
1. There are no stop-hunting, rejections or requotes
Loyal Forex offers direct market access, meaning that orders can be placed to the market immediately and are executed instantly. This means you won’t experience frustrating trade rejections or requotes while trading your Forex robot trader.
Straight Through Processing is also offered by Loyal Forex. This means they are not market makers and will never take your side. You won’t experience stop-hunting or other unsavory brokers. This will ensure that your interests are always aligned.
2. Low Fixed Spreads Guaranteed
Loyal Forex offers fixed spreads of a very low level on more than 60 currency pairs, metals futures and CFDs. Two account options are available for Forex traders looking to get the best spreads. The Fixed Standard account requires $500 minimum deposit and guarantees a 1.8 Pip spread in EUR/USD. There is also a Fixed Pro account that requires $2,000 minimum deposit and guarantees a guaranteed 0.9 pip spread in EUR/USD, a 1 pip spread in USD/JPY, and a 2 pip spread across the major pairs.
For long-term profitability, Forex robot traders need low fixed spreads. Every pip you pay is worth more profit. This will result in a long-term profit of tens, or even hundreds of thousand of dollars more than you would make trading with other Metatrader 4 Forex traders.
3. Extremely Forex Robot Trader Friendly
Loyal Forex is very friendly to Forex traders who use Metatrader 4 Forex brokers. Loyal Forex is open to the use of Forex robot traders and has no restrictions on scalping and hedging. Many traders have lost their significant profits from Forex robot trading only to lose those profits due to anti Forex robot trader policies that were in place by other Metatrader 4 Forex brokers.