LeoPrime General Information
| ๐ค Broker Name : | LeoPrime |
|---|---|
| ๐ฃ Company Name : | Leo Prime Service Limited |
| ๐ Foundation Year : | 2016 |
| โ Regulated by : | VFSC, FSA |
| ๐ข Headquarters : | Vanuatu |
| ๐ Broker Type : | ECN/STP |
๐ต LeoPrime Minimum Deposit : | 10 USD |
| ๐น Maximum Leverage : | 1:1000 |
| ๐ฑ Base Currency : | USD, EUR & More |
Our LeoPrime Review
LeoPrime Overview: What You Must Know About the Vanuatu Based Brokerage Firm?
Established in the year 2017, LeoPrime is a relatively new broker in the industry that has gained a great deal of popularity owing to its services and offerings. Based in Seychelles in Vanuatu, it is essentially and STP/ECN broker with offices in Majuro, Mahe, and Port Vila. The broker offers a wide range of financial instruments for trading, including Cryptocurrencies, Forex currencies, Indices, Energies, and Metals. Continue reading to find a comprehensive LeoPrime review and also determine how safe it is to trade with the broker.
LeoPrime Trading Conditions and Platform
One of the advantages of trading with LeoPrime is that traders get access to the industry-recognized MetaTrader 4 or an MT4 platform. The user-friendly, featured-packed, and dynamic platform is ideal for trading and can be easily accessed through Web, Desktop, Windows and MAC devices. In addition to this, LeoPrime also makes MT4 available to its users through mobile apps and iOS and Android devices.
Aside to offering the best platform for trading, the broker also enables its users to set up a demo account before going live. LeoPrime further provides traders with 3 distinct account options including the Classic account that requires them to make a 10 USD minimum deposit with spreads starting with 1.6. Apart from this, the broker also provides an ECN account with USD 1000 minimum deposit and a Cryptocurrency account that requires traders to deposit a minimum of 50 USD with leverage of 1:3. Their leverage, however, is on the higher side i.e. around 1: 1000. It is highly recommended that only traders with a high level of experience should consider trading with such high leverage.
Deposit and Withdrawal Methods
LeoPrime offers multiple methods of deposit and withdrawal to its clients. Typically, brokers can deposit as well as withdraw funds through:
- Bank wire transfer
- Debit/Credit Cards
- Neteller
- Skrill
- Perfect Money
- Fasapay
- Bitcoin
While deposits through Bank Wire Transfers may take anywhere between 2-5 days for the funds to be credited into the traderโs account, deposits made through other e-payment methods are credited instantly. Withdrawals, on the other hand, are processed through the same methods mentioned above and are credited into the clientโs account within 24 hours.
Regulations
As far as regulations are concerned, the LeoPrime does not offer much clarity on this. Their website suggests that the firm is based in Vanuatu and is subjected to the regulatory policies of the VFSC. But, we donโt have much knowledge or information about VFSC and hence we can confirm that trading with the broker would be risky.
The reputed regulatory authorities like the CySec and the FCA require the brokers to comply with numerous stringent rules & regulations that ensure the safety of tradersโ funds. Additionally, they also require a broker to maintain client funds in segregated accounts, which is not the case with LeoPrime.
Conclusion
Overall, we can say that LeoPrime is not a regulated broker and hence cannot be easily relied upon. But, the broker does offer a gamut of financial instruments for trading along with the industry recommended MT4 platform for trading. Their spreads for the Classic trading account are higher than the average, and they offer a very high leverage, which can easily put your funds at risk, especially if you are not a professional trader.
Trading Preference
| ๐ฐ Minimum Spreads : | 0.1 pip |
|---|---|
| ๐ฎ Demo Account : | |
| ๐ Mini Account : | |
| โจ VIP Account : | |
| ๐ Segregated Account : | |
| โช๏ธ Islamic Account : | |
| ๐ Managed Account : |
Payment Options
| ๐ณ Deposit Methods : | Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, Skrill, Union Pay, Local Bank Transfer, Bitcoin |
|---|---|
| ๐ณ Withdrawal Methods : | Wire Transfer, Neteller, Skrill, Union Pay, Perfect Money, Local Bank Transfer |
Trading Features
| ๐ Trading Platforms : | MetaTrader 4 |
|---|---|
| ๐ฐ Fixed Spreads : | 0.1 pip |
| ๐ Hedging : | |
| ๐ Scalping : | |
| ๐ฑ Mobile Trading : | |
| ๐ป Web Trading : | |
| ๐ฐ Trading News : |
Promotion
| ๐ No Deposit Bonus : | |
|---|---|
| ๐ Deposit Bonus : | |
| ๐ Other's Promotion : |
Get Latest LeoPrime Promotion
Contact Information
| ๐ Website : | |
|---|---|
| ๐ง E-mail : | [email protected] |
| โ๏ธ Telephone : | +44 20380 85868 |
| ๐ฎ Address : | Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. |
It does not had given my withdrwal of 610$ since seven days my account number was 5570105 so guys dont trust it is the big group of scammer