Loyalty Algo Information
Loyalty Algo is a newly established forex broker registered in United Arab Emirates, giving traders access to various trading assets, including forex, commidities, futures, cryptocurrencies, spot indices, and spot metals. This broker is still risky due to its unregulated status.
Pros and Cons
Is Loyalty Algo Legit?
Loyalty Algo is not regulated, making it less safe than regulated brokers.
What Can I Trade on Loyalty Algo?
Traders can choose different investment directions because the broker providesforex, commodities, futures, cryptocurrencies, spot indices, CFDs, energies, and spot metals.
Account Type
Loyalty Algo has two account types: Demo and Live account. Islamic users are allowed to open Islamic accounts with no swap fees.
Loyalty Algo Fees
Swap free for Islamic accounts and demo accounts.
Leverage
The maximum leverage is 1:400,meaning that profits and losses are magnified 400 times.
Trading Platform
Loyalty Algo has an authoritative MT5 trading platform available in PC and Mac(Windows, iOS and Android) versions. Traders with rich experience are more suitable for using MT5.
Deposit and Withdrawal
The minimum deposit is$10. Deposit and withdrawal methods include MasterCard, Skrill, VISA, Neteller, Unionpay, and more.
Customer Support Options
Traders can communicate via Facebook, Twitter, LinkedIn, Instagram, etc. They can also get in touch with traders via email instead of by phone. However, this will reduce the efficiency of consultation. Besides, specifically, customer support schedules are unclear.
