LeoPrime Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MetaTrader4
- MetaTrader5
- FSA
- 2019
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MetaTrader4
- MetaTrader5
- FSA
- 2019
Our Evaluation of LeoPrime
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
LeoPrime is a high-risk broker with the TU Overall Score of 2.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by LeoPrime clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. LeoPrime ranks 316 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
LeoPrime is a broker for active trading and passive investment. It offers account types for traders with varied trading experience who work with currencies, indices, stocks, and commodities with high leverage.
Brief Look at LeoPrime
LeoPrime is a broker regulated by the Financial Services Authority (FSA) of the Republic of Seychelles. It offers different account types, such as STP, ECN, and cent, with market execution and leverage up to 1:1000. Clients of the broker can trade more than 100 financial instruments, such as currency pairs, CFDs on stocks, indices, and commodities. In 2021, LeoPrime received the “Best Multi-Asset Broker” award at the International Investor Awards. Also, according to FX Daily Info, it is recognized as the most transparent broker of 2021. STP (straight-through processing) and ECN (Electronic Communication Network) are tools to facilitate the smooth transmission of digital data across networks.
- Variable spreads;
- Loans for clients to increase their trading opportunities and potential profits;
- First deposit is $10;
- Wide choice of payment methods;
- Various account types, such as demo, cent, Classic, and ECN;
- A wide range of passive income solutions;
- Deposit bonuses for every account replenishment.
- Trading cryptocurrencies is not available;
- Spreads are higher than those of other Forex brokers;
- Absence of comprehensive training for novice traders.
TU Expert Advice
Financial expert and analyst at Traders Union
LeoPrime offers not only a good range of trading instruments but also a wide range of account types, which allows its clients to trade assets interesting to them under favorable conditions. Pro and ECN accounts are suitable for experienced market participants, and the cent is good for novice traders. Classic is a standard account type that can be used effectively by traders of all experience levels. ECN and Classic accounts support the swap-free option, which is required by Islamic clients.
Moreover, LeoPrime allows opening demo accounts without an expiration date, which means that traders can work on it for as long as they need. The company closes demo accounts that are inactive for 90 days, but a client can open a new one at any time. You can register up to 8 active demo accounts per email address.
Deposits from $10 are possible by bank cards, as well as through Rapid, Perfect Money, WebMoney, and FasaPay. Deposits from $20 are possible through UnionPay and Alipay. The minimum amount for local bank transfers (Malaysia, Indonesia, Thailand, Vietnam, and China) is $15-$20; and for international transfers, it is $1,000. Funds sent by bank transfer are credited to the account balance within 2-5 business days; by other means, it is instantly.
LeoPrime Summary
| 💻 Trading platform: | MetaTrader 4 and MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, cent, Classic, Pro, and ECN |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Visa and Mastercard (deposits only), bank wire, Perfect Money, FasaPay, Rapid, WebMoney, Alipay, and UnionPay |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: |
Cent and Classic from 1.6 pips; Pro from 0.3 pips; ECN from 0.1 pips |
| 🔧 Instruments: | Forex, spot metals, energies, indices, and stocks |
| 💹 Margin Call / Stop Out: | 50%/30% |
| 🏛 Liquidity provider: | Major tier-1 banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: |
Scalping and hedging are allowed; Arbitrage and news trading are prohibited |
| 🎁 Contests and bonuses: | Demo contest, deposit bonus, and extra bonus (bonus for IB) |
Over 100 trading instruments are available to trade. Spreads are floating and fees per lot are withheld on Pro and ECN accounts. You can deposit and withdraw funds using bank transfers, as well as international and local payment systems. Hedging and expert advisors are allowed on all account types, and the maximum trade size is 100 lots. Leverage depends on the account type, asset, and total capital of a trader.
LeoPrime Key Parameters Evaluation
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Trading Account Opening
Creating a user account on the LeoPrime website takes no more than 10 minutes. The procedural steps are as follows:
To register the user account, fill out a special form. To see it on the screen, click the “Open Live Account” button. Provide the broker with your first and last names, phone number, and email address.
Confirmation of personal information. Codes will be sent to the phone and email specified during registration. They must be entered in the registration form. After that, you will receive an email with your username and password. They are required to enter your user account.
Features of LeoPrime’s user account:
Other features of the user account:
Transfer of funds between traders’ accounts;
Submit withdrawal requests;
Transaction history for a definite period;
Menu for partners;
Confirmation of participation in contests on demo accounts.
Regulation and safety
Leo Prime Services Limited, which owns the LeoPrime trademark, is registered in the Seychelles. Its activities are regulated by FSA, and the broker is licensed under the number SD032.
LeoPrime participates in the MUA insurance program. This insurance company was established in 1912 and provides its services to individuals and legal entities from African countries. Since 2011, its services are available in Seychelles.
Advantages
- The broker partners with a major insurance company
- LeoPrime complies with anti-money laundering requirements
- Clients can address the regulator
Disadvantages
- Before depositing funds, you must provide documents confirming your identity and place of residence
- FSA Seychelles does not have its own compensation fund to pay coverage to clients of brokers licensed by it
- Financial statements of LeoPrime are not publicly available
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cent | $0.16 | Compensated by LeoPrime excluding bank fees |
| Classic | $16 | Compensated by LeoPrime excluding bank fees |
| Pro | $3 | Compensated by LeoPrime excluding bank fees |
| ECN | $1 | Compensated by LeoPrime excluding bank fees |
Swap values depend on the traded asset and the type of position (short/long). The table below shows the average fees of LeoPrime as compared to its competitors.
| Broker | Average commission | Level |
|---|---|---|
|
$5.04 | |
|
$1 | |
|
$8.5 |
Account types
LeoPrime’s clients can trade on four account types. Each of them can be opened both on MT4 and MT5. The broker allows opening accounts exclusively in USD, however, leverage and trading fees may vary. The margin call/stop out is 50%/30%. The type of order execution is market.
Account types:
Clients can choose the platform where they want to create a demo account themselves. The company allows registration of demo accounts in both MT4 and MT5.
LeoPrime provides trading accounts for novice traders, experienced traders, and advanced market participants.
Deposit and Withdrawal
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Available payment systems depend on the client's country of residence. Funds are withdrawn only to clients’ personal accounts and wallets;
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Withdrawal fees of payment providers are fully covered by LeoPrime. The exception is bank fees for international transfers, which are paid by the clients;
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Minimum withdrawal amount for WebMoney and Perfect Money is $10; for Alipay and UnionPay, it is $20; to an Asian bank account, it is $15-$20; and for Rapid and international bank wire, it is $1,000;
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Maximum withdrawal amount for Rapid and bank wire is unlimited; for Perfect Money, it is $1,000 per day; for WebMoney, it is $50,000; and for other payment methods, it is $700-$15,000;
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Withdrawals through Perfect Money, WebMoney, and local bank transfers are instant, but there are daily limits on amounts. If they are exceeded, withdrawal can take up to 24 hours. Through UnionPay and Alipay, money is withdrawn within 24 hours; withdrawal through Rapid takes up to 6 hours; and through international bank wire, it is 2-5 business days.
Investment Options
LeoPrime is suitable not only for active trading but also for generating passive income. Many investment programs are available to its clients, both offered by the company itself and by third-party providers.
Passive income for LeoPrime’s clients
To make a profit without active trading, traders registered with LeoPrime can use the following services:
The broker’s own CopyTrade social trading platform. The broker broadcasts trades of 10 successful signal providers giving its clients the opportunity to copy those trades on their accounts. After subscribing to a provider, trades are duplicated automatically without the need for investors to participate in the trading process;
PAMM. Investors can transfer their own funds to managers, which they will use in trading along with their capital. The service is available for Classic, ECN, and Pro accounts;
MQL5.community copy trading platform. It offers a rating of experienced providers of trading signals, and transactions can be copied by a user of MetaTrader platforms. The subscription fee starts at $30 per month;
Expert advisors (EAs). The broker does not prohibit the use of robots and special advisors for trading. With their help, you can conduct algorithmic trading. Paid and free EAs are available.
If investors choose the broker’s own social trading platform, they can choose between signal providers with different types of fees. Performance fees can be charged daily (50%) or per trade (15%, 20%, 30%, or 50%). Moreover, some traders set minimum balance requirements to start copying.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from LeoPrime:
Introducing Brokers (IBs). IBs receive a fee for trading with clients connected through their links. Partner fee is up to $8 per each lot;
Regional office. This is a program for the most effective IBs and companies interested in providing brokerage services under the LeoPrime brand.
Every client can become an IB. To do this, create a partner profile in the trader's user account. Confirmation from the broker is not required. Regional representatives are approved by LeoPrime's partner department. Their payments vary depending on the region where services are provided.
Customer support
LeoPrime provides client support services from Monday to Friday, which are working days of the Forex market, while its live chat support is active round-the-clock.
Advantages
- Live chat is available on the website
- Live chat support is available round-the-clock on trading days
Disadvantages
- Live chat and phone are not available on weekends
- You can contact the broker by phone only on weekdays from 07:00 to 20:00 (GMT)
To contact the brokerage company, use:
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live chat;
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phone;
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email;
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feedback form.
Clients registered with the broker can also request assistance in the user account through the tickets system.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address | Leo Prime Services Limited, G.S. Complex, 1st floor, Office Number 12, Providence, Mahé, Seychelles |
| Regulation | FSA |
| Official site | https://www.leoprime.com/ |
| Contacts |
+248 4374755
|
Education
Novice traders will find the Education section of the website useful. It provides information on what Forex is and useful trading tips. Information on order types, functionality of MT4, margin, and leverage can be found in the FAQs section.
To reduce losses during training, first practice on a demo account, and then switch to the cent account.
Comparison of LeoPrime with other Brokers
| LeoPrime | RoboForex | Pocket Option | Exness | FxPro | IC Markets | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, cTrader, MT5, TradingView |
| Min deposit | $10 | $10 | $5 | $10 | $100 | $200 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1.6 point | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
50% / 30% | 60% / 40% | 30% / 50% | No / 60% | 25% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of LeoPrime
LeoPrime is committed to the use of advanced technologies and honest settlements with its clients. It offers a choice of account types and trading platforms, which allows traders to conduct business in a comfortable environment and under favorable conditions. LeoPrime can be used both for active speculative trading and for making a profit from copy trading and investing in PAMM accounts. To enter the real Forex market through this broker, a deposit of at least $10 is required.
LeoPrime by the numbers:
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4 account types for two trading platforms;
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Leverage is up to 1:1000 on Classic and cent accounts;
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Bonus of 50% for each deposit;
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Partner fee is up to $8 per lot.
LeoPrime is a super-fast execution broker that allows different trading styles
The brokerage company strives to ensure the highest possible execution speeds for all its clients. For this reason, its trading servers are located in Europe and Asia. The Equinix LD4 server is located in London close to the liquidity provider, allowing orders to be executed in less than 0.1ms. HK2 servers for Asian clients are located in Hong Kong. LeoPrime is interested in the successful trading of its clients, therefore it prohibits trading news with stop orders when the MT4 and MT5 servers incorrectly calculate the gap level. At the same time, other strategies, like scalping or hedging, are allowed.
LeoPrime offers MetaTrader 4 and MetaTrader 5. Desktop platforms can be installed on any Windows device or on a MacBook running macOS. Mobile apps are also available for smartphones that run on Android and iOS.
Useful services offered by LeoPrime:
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Economic calendar. It broadcasts data useful for fundamental analysis;
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Forex calculator. This tool can be used to calculate the required margin, pip value, swap long and swap short for a certain position;
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VPS hosting. Free use of LeoPrime's private server is available to clients who have deposited at least $1,000;
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Blog. It provides educational materials for novice traders, technical analysis, and company news. It also publishes signals for intraday traders compiled using the London Breakout Strategy.
Advantages:
5 asset classes available for trading;
8 years of experience in the field of brokerage services;
Free technical analysis;
Real money for winning contests on demo accounts;
Favorable margin conditions.
LeoPrime offers functional applications for mobile devices. They are not intended for independent trading, but they can be used to conveniently manage funds and accounts, as well as connect to the copy trading platform.
User Satisfaction