||Leo Prime Services Ltd
||Seychelles Financial Services Authority (FSA)
||$10 (Classic and Cent accounts), $1,000 (Pro account), $2,000 (ECN account)
||Up to 1:1000 (Classic and Cent accounts), Up to 1:500 (Pro account), Up to 1:300 (ECN account)
||Vary based on account type
||MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
||Forex, Energies, Spot Metals, Indices, Stocks
||Classic, Pro, ECN, Cent
||Available for Classic, Pro, and ECN accounts
||Phone, email, live chat, social media
||VISA, Mastercard, Skrill, NETELLER, Fasapay, Perfect Money, Bitcoin, and more
||Economic Calendar, Forex Calculator, Client Sentiment, VPS Hosting, Blog, Daily Market Analysis, Company News
LeoPrime is a regulated forex brokerage based in Seychelles. They are licensed by the Seychelles Financial Services Authority (FSA) with license number SD032. While their regulatory status provides a level of legitimacy, it's important to note that offshore regulations may entail higher risks compared to more established jurisdictions. It is worth mentioning that LeoPrime previously held a license from the Vanuatu Financial Services Commission (VFSC), but it has been revoked.
LeoPrime offers a diverse range of market instruments for trading, including forex, energies, spot metals, indices, and stocks. Traders can access these markets through four different types of trading accounts: Classic, Pro, ECN, and Cent. Each account type has its own minimum deposit requirement and offers varying spreads, leverage, and trading platforms.
Clients of LeoPrime can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely recognized in the industry. These platforms provide comprehensive charting and analysis tools, automated trading capabilities, and access to a supportive community.
LeoPrime provides traders with a set of useful trading tools, including an economic calendar to stay updated on market events, a forex calculator for trade calculations, a client sentiment indicator for market sentiment analysis, and VPS hosting for uninterrupted trading.
To support traders' education, LeoPrime offers a blog covering various topics, daily market analysis, and company news. These resources aim to enhance traders' knowledge and understanding of the markets.
Customer support is available through email, telephone, and live chat channels. LeoPrime also maintains a presence on social media platforms, allowing clients to stay connected and receive updates.
Overall, LeoPrime provides traders with a regulated environment, a range of trading instruments, multiple account types, popular trading platforms, and various tools and resources to support their trading activities.
Pros and Cons
LeoPrime offers several advantages to traders, including its regulatory status under the Seychelles Financial Services Authority (FSA), which provides a level of legitimacy to their operations. They offer a wide range of market instruments, including forex, energies, spot metals, indices, and stocks, allowing traders to diversify their portfolios. The availability of four different types of trading accounts caters to the diverse needs and preferences of traders. LeoPrime supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing traders with advanced charting tools, automated trading capabilities, and access to a supportive community. Additionally, they offer various trading tools, educational resources, and multiple customer support channels, including email, telephone, and live chat.
However, it is important to consider the potential drawbacks of trading with LeoPrime. As an offshore regulated broker, there may be higher risks involved compared to brokers regulated in more established jurisdictions. The revocation of their previous license from the Vanuatu Financial Services Commission (VFSC) raises some concerns. Traders should also be aware of the minimum deposit requirements associated with different account types. While LeoPrime provides a range of payment methods for deposits and withdrawals, some deposit options may incur fees. Traders should carefully evaluate these factors before deciding to trade with LeoPrime.
|Regulated by the Seychelles Financial Services
||Potential higher risks associated with offshore regulation
||Revocation of previous license from the Vanuatu Financial Services Commission
|Wide range of market instruments available
||Minimum deposit requirements for different account types
|Four different types of trading accounts
||Fees associated with certain deposit methods
|Support for MetaTrader 4 and MetaTrader 5 platforms
||Regulatory disclosure rated as “Danger”
|Various trading tools and educational resources
Is LeoPrime Legit？
LeoPrime is regulated by the Seychelles Financial Services Authority (FSA) with license number SD032. The Seychelles FSA is an offshore regulatory agency. However, it is important to note that offshore regulations may carry higher risks compared to regulations from more established jurisdictions. Additionally, the Vanuatu Financial Services Commission (VFSC) previously regulated LeoPrime with license number 40322, but the license has been revoked.
LeoPrime provides a wide range of forex trading options, allowing investors to trade various currency pairs.
LeoPrime enables trading in spot energy contracts, including crude oil, Brent, and natural gas, offering opportunities in the energy market.
3. Spot Metals:
LeoPrime offers trading in spot metals, providing low spreads, giving investors the chance to diversify their portfolios with precious metals like gold and silver.
LeoPrime allows traders to engage in trading stock indices CFDs, providing access to global markets and opportunities for diversification.
LeoPrime offers trading in stocks, providing market execution for some of the world's most popular stocks, enabling investors to participate in the equity markets.
|Wide range of forex trading options
||Market volatility and risk associated with forex
|Opportunities in the energy market through spot energy contracts
||Fluctuations in energy prices and geopolitical factors can impact trading outcomes
|Diversification potential with spot metal trading
||Market volatility and risk associated with spot metal prices
|Access to global markets and diversification through trading stock indices CFDs
||Market volatility and risk associated with stock prices
|Participation in equity markets through trading stocks
||Market volatility and risk associated with stock prices
LeoPrime offers four different types of trading accounts: Classic, Pro, ECN, and Cent.
The Classic account is suitable for traders who prefer a lower minimum deposit and a wider range of trading platforms. With a minimum deposit of $10, traders can access the MT5, MT4 Desktop, MT4 Mobile, and PAMM platforms. The spread starts from 1.6 pips, and leverage can go up to 1:1000. There is no commission charged per standard lot, and the account offers a range of trading symbols, including 35 currency pairs, gold, silver, crude, and indices. Traders also have the option for a swap-free Islamic account.
The Pro account is designed for traders who are willing to deposit a minimum of $1,000 and seek lower spreads. Traders can utilize the MT5, MT4 Desktop, MT4 Mobile, and PAMM platforms. The spread starts from 0.3 pips, and leverage can reach up to 1:500. A commission of $3 per standard lot is applied. Similar to the Classic account, the Pro account offers 35 currency pairs, gold, silver, crude, and indices.
The ECN account is suitable for traders who require direct market access. To open an ECN account, traders need to deposit a minimum of $2,000. The account offers the MT5, MT4 Desktop, MT4 Mobile, and PAMM platforms. The spread starts from 0.1 pips, and leverage can go up to 1:200. Traders are charged a commission of $6 per standard lot. The ECN account provides access to 35 currency pairs, gold, silver, crude, and indices. Additionally, traders have the option for a swap-free Islamic account.
The Cent account is designed for traders who prefer smaller position sizes and a lower minimum deposit. With a minimum deposit of $10, traders can access the MT5, MT4 Desktop, and MT4 Mobile platforms. The spread starts from 1.6 pips, and leverage can reach up to 1:1000. Similar to the Pro account, there is no commission charged per standard lot. However, the Cent account is limited to trading 35 currency pairs only.
|Access to multiple trading platforms
||Limited trading symbols in the Cent account
|Varied minimum deposit options
||Higher minimum deposit requirements for the Pro and ECN accounts
|Different leverage options
||Commission charges in the Pro and ECN accounts
|Direct market access in the ECN account
||Higher spreads in the Classic and Cent accounts
|Availability of swap-free Islamic accounts
||Limited platform options in the Cent account
How to Open an Account？
To open an account with LeoPrime, follow these steps:
Visit the LeoPrime website and click on the “Open a Live Account” option on the homepage.
2. Choose the type of account you wish to open from the available options.
3. Fill in the required basic information on the registration page, providing accurate details.
4. Submit the registration form to create your personal area cabinet.
5. Check your email for the credentials to access your personal area cabinet. Use the provided login information to log in.
6. Once you are logged into your personal area cabinet, locate the “Create New Trading Account” option.
7. Click on the “Create New Trading Account” option and follow the instructions provided.
8. Your MT4 login credentials will be sent to your email.
9. Check your email for the MT4 login details and use them to access your trading account.
Leo Prime Leverage
LeoPrime offers different leverage options for its various account types. The leverage provided is up to 1:1000 for Classic and Cent accounts, up to 1:500 for Pro accounts, and up to 1:300 for ECN accounts. This allows traders to amplify their trading positions in accordance with their chosen account type and risk appetite.
Spreads & Commissions
The average spread for the Classic account is 1.6 pips for EURUSD, 1.7 pips for GBPUSD, 1.7 pips for XAUUSD, 2.1 pips for XGUUSD, 11.6 pips for Bitcoin, 7 pips for Crude Oil, and 5 pips for NASDAQ 100. The average EURUSD spread for cent accounts is 1.6 pips, the average GBPUSD spread is 1.7 pips, the XAUUSD spread is 1.7 pips, and the XGUUSD spread is 2.1 pips. The average spread for Pro accounts is 0.6 pips for EURUSD, 1.1 pips for GBPUSD, 0.5 pips for XAUUSD, 0.9 pips for XGUUSD, 20 pips for Bitcoin, 7 pips for Crude Oil, and 4 pips for NASDAQ 100. The average spread on ECN accounts is 0.2 pips on EURUSD, 0.7 pips on GBPUSD, 0.1 pips on XAUUSD, 0.5 pips on XGUUSD, 10 pips on Bitcoin, 3.5 pips on Crude Oil, and 4 pips on Nasdaq 100. The commission of ECN accounts is $6/standard lot.
LeoPrime offers its clients access to two industry-leading trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MetaTrader 4 (MT4) is a popular platform designed specifically for forex trading. It provides traders with various features and tools for analyzing financial markets, executing trades, and automating trading strategies. Some notable features of MT4 include round-the-clock market access, real-time symbol quotes, multiple chart types and timeframes, one-click trading, expert advisors (EAs) for automated trading, and access to the MQL4 community.
MetaTrader 5 (MT5) is an advanced trading platform offered by LeoPrime. It includes all the features of MT4 and introduces additional functionalities. MT5 offers a wider range of charting tools, execution modes, and order types, providing traders with greater control over their positions. It supports 21 timeframes, including various minute, hourly, daily, weekly, and yearly charts, allowing for more in-depth market analysis. MT5 also offers features like market depth, multi-threaded strategy tester, netting option, and access to the MQL5 community.
Both MT4 and MT5 are available for Windows, Mac, Android, and iOS devices, providing flexibility and convenience for traders. These platforms offer traders the necessary tools and functionalities to analyze markets, execute trades, and implement automated trading strategies according to their preferences.
|Access to industry-leading trading platforms (MT4 and MT5)
||Steeper learning curve for beginners
|Advanced charting tools and analysis capabilities
||Limited availability of certain features on MT4 compared to MT5
|One-click trading and automated trading options
||Potentially overwhelming for traders with simpler trading requirements
|Availability on multiple devices (Windows, Mac, Android, iOS)
||Compatibility issues on certain operating systems or devices
|Supportive online community through MQL4 and MQL5
||Potential system requirements for running the platforms smoothly
Deposit & Withdrawal
LeoPrime supports various payment methods for both deposit and withdrawal transactions. The available options include VISA, Mastercard (with a 3% fee for deposits), Skrill, NETELLER, Fasapay, Perfect Money, and Bitcoin, among others. No commission is charged for deposit and withdrawal transactions.
- Payment Gateway: LeoPrime offers multiple payment gateways, including RAPID, FAST & SECURE FET SOLUTIONS, BANKWIRE, VISA, Mastercard, Perfect Money, Fasapay, and more. The maximum deposit amount ranges from $8,000 to $30,000, depending on the method chosen. The minimum deposit amount is $10 for most payment options.
- Payment Gateway: For withdrawals, LeoPrime supports BANKWIRE, Perfect Money, MALAYSIA ONLINE BANK TRANSFER, INDONESIA ONLINE BANK TRANSFER, THAILAND ONLINE BANK TRANSFER, VIETNAM ONLINE BANK TRANSFER, WebMoney, Alipay, and China Unionpay. The withdrawal timing varies, with some methods offering instant withdrawals, while others may take 2-5 business days. The minimum withdrawal amounts range from $10 to $1,000, depending on the chosen method.
|Multiple payment methods available
||3% fee for Mastercard deposits
|No commission charges for deposit and withdrawal
||Withdrawal timing may vary, with some methods taking 2-5 business days
|Wide range of payment gateways
||Minimum withdrawal amounts vary depending on the chosen method
|Instant withdrawals available with some methods
|Low minimum deposit amounts for most options
The LeoPrime customer support services can be reached through email, telephone, as well as live chat support, which is at the right bottom corner of the page.
Trading Tools offered by LeoPrime include:
1. Economic Calendar:
LeoPrime provides an economic calendar that displays important upcoming events and economic indicators, helping traders stay informed about market-moving events and make more informed trading decisions.
2. Forex Calculator:
LeoPrime offers a forex calculator tool that allows traders to calculate key trading parameters such as pip value, margin requirements, and profit/loss for various currency pairs. This tool assists traders in managing their risk and making accurate trade calculations.
3. Client Sentiment:
LeoPrime provides a client sentiment tool that shows the percentage of traders who are long or short on a particular instrument. This tool gives traders insights into market sentiment, which can be used to gauge potential market direction and make informed trading decisions.
4. VPS Hosting:
LeoPrime offers VPS (Virtual Private Server) hosting services for traders who want to ensure uninterrupted trading and take advantage of automated trading strategies. A VPS allows traders to run their trading platforms and expert advisors (EAs) 24/7 without the need for their personal computers to be constantly connected to the internet.
|Economic Calendar helps traders stay informed about events
||Limited information on the specific features and functionality
|Forex Calculator assists in risk management and trade planning
||Potential learning curve for novice traders
|Client Sentiment tool provides insights into market sentiment
||Reliance on the accuracy and reliability of sentiment data
|VPS Hosting ensures uninterrupted trading and automation
||Additional cost for VPS hosting services
||Compatibility and technical requirements for using VPS
1. LeoPrime Blog:
LeoPrime maintains a blog that covers a wide range of topics, including education, technical analysis, and company news. The blog serves as a platform for users to access informative content related to forex and commodities trading, providing valuable insights to traders.
2. LeoPrime Daily Market Analysis:
LeoPrime offers a daily market analysis service, providing traders with up-to-date information on market trends and developments. This service helps traders stay informed about the latest market movements and make more informed trading decisions.
3. LeoPrime Company News:
LeoPrime shares company news and updates to keep traders informed about important events and developments within the organization. This resource provides valuable information about LeoPrime's activities and initiatives, helping traders stay connected to the company's operations.
LeoPrime provides multiple channels for customer support, including email, telephone, and live chat support. Clients can reach out to the all-star Client Support team for any questions or assistance they may need. The contact information for customer support is as follows:
- Phone: +248 4374755 / +44 20380 85868
- Availability: Monday to Friday, 07:00-20:00 (GMT)
- Phone: +44 20380 85868 (EXT - 104)
- Queries are typically answered within a 24-hour time window during regular business hours.
- Support Email: email@example.com
Social Media Presence:
LeoPrime can also be found on various social media platforms, including Twitter, Facebook, Instagram, and LinkedIn. Clients can connect with LeoPrime and stay updated on their latest news and updates through these channels.
LeoPrime offers a range of trading services and features, but it is important to consider both the advantages and disadvantages. On the positive side, LeoPrime is regulated by the Seychelles Financial Services Authority (FSA), providing a level of oversight. They offer various trading instruments, including forex, energies, spot metals, indices, and stocks, catering to diverse investment preferences. The availability of multiple trading account types and the support for popular trading platforms like MetaTrader 4 and MetaTrader 5 provide flexibility for traders. However, it's worth noting that LeoPrime operates under offshore regulations, which may carry higher risks compared to more established jurisdictions. Additionally, the revocation of their previous license by the Vanuatu Financial Services Commission raises concerns. Traders should carefully evaluate these factors and conduct thorough research before engaging with LeoPrime.
Q: Is LeoPrime regulated？
A: Yes, LeoPrime is regulated by the Seychelles Financial Services Authority (FSA) with license number SD032. However, it is important to note that offshore regulations may carry higher risks compared to regulations from more established jurisdictions.
Q: What market instruments can I trade with LeoPrime？
A: LeoPrime offers trading in various market instruments, including forex, energies (such as crude oil and natural gas), spot metals (like gold and silver), indices, and stocks.
Q: What types of trading accounts does LeoPrime offer？
A: LeoPrime offers four types of trading accounts: Classic, Pro, ECN, and Cent. Each account type has its own features, minimum deposit requirements, and trading conditions.
Q: How can I open an account with LeoPrime？
A: To open an account with LeoPrime, visit their website and click on the “Open a Live Account” option. Choose the account type you prefer and fill in the necessary information on the registration page. Once registered, you will receive login credentials for your personal area cabinet. From there, you can create your live trading account and receive your MT4 login credentials via email.
Q: What leverage options are available at LeoPrime？
A: LeoPrime offers different leverage options based on the account type. The maximum leverage is up to 1:1000 for Classic and Cent accounts, up to 1:500 for Pro accounts, and up to 1:300 for ECN accounts.
Q: What is the minimum deposit requirement at LeoPrime？
A: The minimum deposit varies depending on the type of account. For the Classic and Cent accounts, the minimum deposit is $10. The Pro account requires a minimum deposit of $1,000, while the ECN account has a minimum deposit requirement of $2,000.
Q: What payment methods are supported for deposits and withdrawals？
A: LeoPrime supports various payment methods, including VISA, Mastercard, Skrill, NETELLER, Fasapay, Perfect Money, and Bitcoin, among others.
Q: What trading platforms does LeoPrime offer？
A: LeoPrime offers access to two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available for Windows, Mac, Android, and iOS devices.
Q: What trading tools are available at LeoPrime？
A: LeoPrime provides trading tools such as an economic calendar, forex calculator, client sentiment indicator, and VPS hosting services for uninterrupted trading.
Q: How can I contact LeoPrime's customer support？
A: You can contact LeoPrime's customer support through email (firstname.lastname@example.org), phone, or live chat. The contact numbers are +248 4374755 (English) and +44 20380 85868 (English).
Q: Does LeoPrime provide educational resources？
A: Yes, LeoPrime offers educational resources such as a blog, daily market analysis, and company news to keep traders informed and provide valuable insights into trading.