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 broker with higher-than-average risk and the TU Overall Score of 4.53 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 recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
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.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- 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
Author, Financial Expert at Traders Union
LeoPrime offers a comprehensive suite of trading services, including Forex, indices, stocks, and commodities through MetaTrader 4 and MetaTrader 5 platforms. It provides diverse account types with leverage up to 1:1000, catering to a range of traders from beginners to professionals. With a minimum deposit of $10, it supports a variety of payment methods and offers tools for passive income. This setup, along with floating spreads and deposit bonuses, highlights its focus on flexible and accessible trading experiences.
Despite its offerings, LeoPrime faces drawbacks such as the non-availability of cryptocurrency trading, relatively high spreads compared to some competitors, and limited educational resources for beginners. The broker's regulatory oversight is provided by the Seychelles FSA, which may not meet the preferences of traders seeking Tier-1 regulation. LeoPrime's trading environment may suit experienced traders who value high leverage and diverse account options but may not be ideal for those prioritizing lower spreads and extensive training resources.
LeoPrime Trading Conditions
| 💻 Trading platform: | MetaTrader 4 and MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, cent, Classic, Pro, and ECN |
| 💰 Account currency: | USD |
| 💵 Deposit / 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 |
| 💱 EUR/USD spread: | 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 |
| 📋 Order 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
Share your experience
- Best
- Last
- Oldest
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
LeoPrime has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
LeoPrime Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
LeoPrime Security Factors
| Foundation date | 2019 |
| Negative balance protection | |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker LeoPrime have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of LeoPrime with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, LeoPrime’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
LeoPrime Standard spreads
| LeoPrime | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
LeoPrime RAW/ECN spreads
| LeoPrime | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with LeoPrime. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
LeoPrime Non-Trading Fees
| LeoPrime | Pepperstone | OANDA | |
| Deposit fee, % | 0-3 | 0 | 0 |
| Withdrawal fee, % | 0-1 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
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
LeoPrime received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
LeoPrime offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Withdrawal fee applies
- BTC payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are LeoPrime deposit and withdrawal options?
LeoPrime offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making LeoPrime less competitive for those seeking diverse payment options.
LeoPrime Deposit and Withdrawal Methods vs Competitors
| LeoPrime | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are LeoPrime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. LeoPrime supports the following base account currencies:
What are LeoPrime's minimum deposit and withdrawal amounts?
The minimum deposit on LeoPrime is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact LeoPrime’s support team.
Markets and tradable assets
LeoPrime offers a limited selection of trading assets compared to the market average. The platform supports 65 assets in total, including 48 Forex pairs.
- Indices trading
- Copy trading platform
- 48 supported currency pairs
- No ETFs
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by LeoPrime with its competitors, making it easier for you to find the perfect fit.
| LeoPrime | Plus500 | Pepperstone | |
| Currency pairs | 48 | 60 | 90 |
| Total tradable assets | 65 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products LeoPrime offers for beginner traders and investors who prefer not to engage in active trading.
| LeoPrime | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
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:
-
live chat;
-
phone;
-
email;
-
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 | Bybit | Eightcap | XM Group | Kama Capital | 4XC | |
| Trading platform |
MetaTrader4, MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader5 | MT5, MT4, WebTrader |
| Min deposit | $10 | No | $100 | $5 | No | $50 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1.6 point | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
50% / 30% | No / 50% | 80% / 50% | 100% / 50% | 20% / No | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | No | No | No | Yes | 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:
-
4 account types for two trading platforms;
-
Leverage is up to 1:1000 on Classic and cent accounts;
-
Bonus of 50% for each deposit;
-
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:
-
Economic calendar. It broadcasts data useful for fundamental analysis;
-
Forex calculator. This tool can be used to calculate the required margin, pip value, swap long and swap short for a certain position;
-
VPS hosting. Free use of LeoPrime's private server is available to clients who have deposited at least $1,000;
-
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.
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i