Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
LeoPrime Pros & Cons
- 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.
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.
TU Expert Verdict
LeoPrime carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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LeoPrime User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of LeoPrime have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- Deposit fee applies
- Withdrawal 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 OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.3 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 0.5 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-3 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-1 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is LeoPrime Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.2 /10LeoPrime 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) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 LeoPrime Security Factors Foundation date 2019 Negative balance protection - Verification (KYC) - -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.7 /10LeoPrime offers the following account options: Demo, Standard, ECN/Raw spread, Cent.
LeoPrime covers the core account types, making it convenient for traders with different preferences and strategies.
- Tight spread ECN account
- Demo account
- Low minimum deposit
- Micro lots are not available
- No VIP account option
LeoPrime account types vs top competitors LeoPrime Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent YesNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoLeoPrime accounts trading conditions
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:
Account Type Description Cent This account is for novice traders to work out strategies and test the broker’s conditions. Trading currencies is only available here. Minimum deposit is $10 and the maximum leverage is 1:1000. The swap-free option is not available; Classic This is a standard trading account with leverage up to 1:1000 and a minimum deposit of $10. It allows trading currency pairs, CFDs on metals, oil, stocks, and indices. It is possible to request an Islamic account without swaps; Pro This is an account for experienced traders. After depositing $1,000, you can trade Forex, CFDs on stocks, commodities, and stock indices. Leverage is up to 1:500. The swap-free service is not available; ECN This is an account for professionals, where you can trade all the instruments available with the broker. The minimum deposit is $2,000 and the maximum leverage is 1:200. Swap-free Islamic accounts are available. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10LeoPrime 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.
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Bank wire transfers available
- Minimum deposit below industry average
- BTC payments not accepted
- Wise not supported
- Only major base currencies available
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 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are LeoPrime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. LeoPrime supports the following base account currencies: USD.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.5 /10LeoPrime 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
- 48 supported currency pairs
- Copy trading platform
- Bonds not available
- No ETFs
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 OANDA Currency pairs 48 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 65 2800 129 Stocks YesYesYesCommodity futures NoYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products LeoPrime offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at LeoPrime by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with LeoPrime in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at LeoPrime is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
LeoPrime account opening LeoPrime Plus500 OANDA Online Registration YesYesYesMinimum deposit $10 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 7 10 KYC time (days) 1 3 3 Is LeoPrime available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Opening a trading account.
- Making a deposit.
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.
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Customer Support
Score:We evaluated Customer Support at LeoPrime by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.1 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationLeoPrime 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.
- Live chat is available on the website
- Live chat support is available round-the-clock on trading days
- 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 support@leoprime.com +248 4374755
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FAQs
How is LeoPrime regulated and what does its safety score suggest about risk?
LeoPrime is regulated by the Financial Services Authority of Seychelles (FSA), which is classified as a Tier-3 regulator and does not provide a specific investor protection fund. Traders Union experts have assigned LeoPrime a safety score of 4.2/10, indicating a low security level compared with brokers that have Tier-1 regulation, longer operating histories, and participation in compensation schemes. Important safeguards such as negative balance protection and detailed KYC procedures are not specified in the review.
What trading fees and non-trading charges can traders expect at LeoPrime?
LeoPrime’s overall fee level is rated as medium, with low forex trading fees, tight EUR/USD spreads, and no inactivity fee, but deposit and withdrawal fees may apply. On Standard accounts, EUR/USD spreads typically range from 0.1 to 0.3 pips and GBP/USD from 0.2 to 0.5 pips, while ECN/RAW accounts have an average 0.1-pip spread on EUR/USD and GBP/USD plus a $3 commission per lot. Non-trading fees include a 0–3% deposit fee, 0–1% withdrawal fee, and no fixed USD withdrawal or inactivity charges according to the section.
What types of trading accounts does LeoPrime offer and how do their conditions differ?
LeoPrime provides Cent, Classic, Pro, and ECN accounts, all available on MT4 and MT5 and denominated in USD, with market execution and a 50%/30% margin call/stop-out level. Minimum deposits range from $10 on Cent and Classic (up to 1:1000 leverage) to $1,000 on Pro (up to 1:500 leverage) and $2,000 on ECN (up to 1:200 leverage), with different sets of available instruments. Swap-free (Islamic) options are available on Classic and ECN accounts, while there is no separate Swap Free or Micro account type and micro lots are noted as not available.
What markets and investment options are available at LeoPrime according to the review?
LeoPrime supports 65 tradable assets, including 48 currency pairs, along with stocks and stock indices, but does not offer commodity futures, cryptocurrencies, or options. The review also notes that bonds and ETFs are not available, while copy trading and PAMM investing are supported as additional investment options. Overall, the asset selection is described as limited compared with the market average.
What feedback does the review provide about LeoPrime’s customer support availability and channels?
The review states that LeoPrime’s customer support has weaknesses in responsiveness and depth of assistance, with delays and the need for repeated contact reported during testing. Support is available Monday to Friday via live chat (round-the-clock on trading days), phone (07:00–20:00 GMT on weekdays), email, feedback form, and a ticket system in the user account. Live chat and phone support are not available on weekends, which may be inconvenient for some users.
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