Leeloo Trading Review

One of the newer entries into he ‘funded futures trader’ market is Leeloo Trading. This company is based out of Montana and was started by one of the state’s largest cattle ranchers, after years of hedging their expenses via the futures markets. Leeloo is gaining a larger following in the trading world as they have some of the most trader friendly setups in this space. Initially founded in 2019, Leeloo has already expanded its footprint to reach five continents.

3.8/5
Leeloo Review

Advantages

Disadvantages

How does This prop Firm Work?

In comparison to a lot of futures trading programs, Leeloo is relatively flexible. For example, during the evaluation phase, when the trader is trying to qualify for funding, they are allowed to hold positions over the weekend, and during the one-hour close of market for most futures contracts. That being said, it is also a very dangerous thing to do unless you are already in extreme profit, or perhaps are trading micro contracts.

Micro positions are counted as 1/10 of a contract, and the available contract limit comes down to whatever program you are trading. For example, the “Aspire” program allows three standard lot contracts to be traded, or 30 micro contracts. “Express Promo” is a much bigger program, allowing up to 12 standard lot contracts, or 120 micro contracts open at any one time.

The program does have a trailing max drawdown rule, meaning that the amount in percentage terms that you can lose before failing the evaluation or having the live account close rises from a “high water mark” going forward, at least until the trailing loss reaches the initial balance of the program. This should also be noted that there is a minimum of 10 trading days in order to qualify, which is typical for the industry.

While there are some very minor differences on some of the programs, the overall demand of the program is to gain 6%, while not losing 3%. The Leeloo Express test offers 14 days as opposed to a monthly reoccurring subscription. That being said, it is much cheaper than the other accounts as it is much more difficult to pass.

How much Capital do they provide and what are their prices?

Are They legit?

Leeloo has started to build up a fairly large client base, as they have traders in over 100 countries. The company has made payments to traders from all over the world, and there are many testimonials as well as “proof of payment” videos out there that do in fact suggest that Leeloo is a very legitimate company to work for. Beyond that, the company is based in the United States and falls under the legal purview of the appropriate authorities.

What platform do they use?

Leeloo offers the Rithmic Trader Pro platform, which is relatively basic in and of itself, and an industry standard for data. Depending on what you wish to use for charting, you can either use the platform or add a better charting package above it, such as Sierra Charts, Ninjatrader, MotiveWave, and anything else that can operate in that ecosystem. This allows the trader to operate in an environment that they feel more comfortable in and offers a multitude of possible options for you to use.

What markets can be traded?

When it comes to trading at Leeloo, it is based around futures contracts so certain markets are available, while some others may not be. They focus on US exchanges, so the EUREX is not available. This allows traders to focus on the largest contracts available such as US index futures, interest rate futures, metals, energy futures, agricultural futures, and foreign exchange.

If you are used to trading Forex, the first thing you will notice is that only the major currencies, plus the Mexican Peso are available. However, there are a multitude of commodity markets available, such as oil, natural gas, corn, and others. Also, there are indices and financial rate contracts available. In total, there are roughly 60 markets available, offering plenty of opportunities.

Do They Trade Crypto?

During the evaluation or the live funded account, commissions are factored into all trades. Commissions are based upon the exchange, and not necessarily Leeloo itself. Commissions are figured by the CME, CBOT, COMEX, and NYMEX. Some micro contracts are as cheap as $0.42 per side, while Bitcoin can be as much as $5.67 per side. As a general rule, those contracts are approximately $2.30 per side.

How much does the company charge as commission and spread?​

What are Their Withdrawal Options?

Leeloo uses the well-known PayPal payment processor, as well as Stripe. Because of this, most traders should be able to get paid relatively easily, but for larger transactions, a bank wire may be necessary.

Do they provide education and training?

When it comes to trading at Leeloo, it is based around futures contracts so certain markets are available, while some others may not be. They focus on US exchanges, so the EUREX is not available. This allows traders to focus on the largest contracts available such as US index futures, interest rate futures, metals, energy futures, agricultural futures, and foreign exchange.

If you are used to trading Forex, the first thing you will notice is that only the major currencies, plus the Mexican Peso are available. However, there are a multitude of commodity markets available, such as oil, natural gas, corn, and others. Also, there are indices and financial rate contracts available. In total, there are roughly 60 markets available, offering plenty of opportunities.

Do they have Support and Contact options?

Leeloo has online support capabilities via “order tickets”, as well as various online social platforms. That being said, it should be noted that there is no phone number visible on the website, although there are hints that funded traders have access to phone support.

What makes them unique?

Leeloo has a multitude of reviews over the last two years and is highly favorable in its ratings. The company works with regulated exchanges in the United States, so the concerns that traders have with CFDs can be allayed. The company is looking to expand into the future, adding more exchanges, with news to follow.

To learn more or sign up to LeeLoo Trading click here