Leeloo Trading Review

Table of Contents

In the world of day trading, success often hinges on two critical factors: capital and experience. Many aspiring traders find themselves in a challenging predicament, lacking the necessary funds to trade confidently while seeking opportunities to hone their skills. Leeloo Trading steps into this arena as a prop firm that offers a unique solution, bridging the gap between the dream of day trading and the reality of limited resources. In this comprehensive review, we will delve deep into Leeloo Trading, exploring its various account options, proprietary software platform, and the opportunities it provides for traders worldwide.

Leeloo Trading
Leeloo Trading

The Leeloo Trading Account Options

One of the most attractive features of Leeloo Trading is its diverse range of account options, accommodating traders with varying experience levels and capital requirements. Leeloo offers four distinct types of accounts:

1. Foundation Accounts (account sizes from $25k to $300k)

The Foundation Accounts serve as the bedrock of Leeloo’s offerings. With account sizes ranging from $25k to a substantial $300k, traders have the flexibility to select an account size that aligns with their financial goals and risk tolerance. This range is ideal for both beginners looking to start small and experienced traders seeking significant capital for their strategies.

Foundation Accounts
Foundation Accounts

2. Bundles (LB) (account sizes from $25k to $300k)

The Bundles, labeled as “LB,” also span the same range of account sizes as the Foundation Accounts. This allows traders to choose between these two account types based on their preferences and trading objectives.

Bundles (LB)
Bundles (LB)

3. Entry Accounts (LE) (account sizes from $25k to $300k)

Similar to the previous options, Entry Accounts, denoted as “LE,” maintain the same account size range. These accounts cater to traders who want to enter the market with a specific focus on developing their trading skills.

Entry Accounts (LE)
Entry Accounts (LE)

4. Weekly Accounts (WK) (account sizes of $25k and $50k)

For those looking for a shorter-term commitment, Leeloo Trading offers Weekly Accounts with sizes of $25k and $50k. These accounts are well-suited for traders who prefer a more limited time horizon and are looking for a trial run.

Weekly Accounts (WK)
Weekly Accounts (WK)

The Leeloo Trading Philosophy

Leeloo Trading recognizes the challenges that traders face, including a lack of sufficient trading capital and psychological barriers. It is within this context that Leeloo Trading’s proprietary software platform comes into play, offering traders an opportunity to test their skills in the market without risking their own funds.

Performance-Based Trading and Contests

Leeloo Trading has gained a reputation for its Performance-Based Trading and Contests. These contests provide a unique avenue for traders to not only practice their strategies but also earn payouts based on their performance. This approach sets Leeloo apart from traditional prop firms and adds an exciting dimension to the trading experience.

A Trusted and Legitimate Platform

One of the key factors that attracts traders from around the world to Leeloo is its reputation as a trusted and legitimate platform. The firm has garnered a strong following of traders who appreciate the value they receive. Leeloo provides a space where traders can explore their potential, practice extensively, and experiment with various indicators and strategies as they seek to improve their trading skills.

Getting Started with Leeloo Trading

Leeloo Trading has streamlined its onboarding process to make it accessible and straightforward for aspiring traders. Here are the steps to get started:

1. Choose Your Practice Account

Begin by selecting the practice account that best suits your needs. Leeloo offers a range of options, including $25k Aspire, $50k Launch, and others. These accounts come with varying contract sizes, allowing traders to choose based on their preferences.

2. Purchase Your Practice Account

Click the “Buy Now” button and follow the prompts to purchase your chosen practice account. It is essential to sign up with your full legal name, ensuring compliance with government identification requirements. If you qualify for a Performance Account, you must submit government-issued identification.

3. Account Creation and Credentials

Once the payment is complete, Leeloo Trading will create your account. You can expect to receive an email containing your account credentials within 15 minutes of completing the purchase. Additionally, Leeloo provides a video tutorial to assist you in navigating the platform effectively.

Preparing to Trade with Leeloo Trading

Before diving into live trading with Leeloo, traders must complete several essential steps to ensure a smooth and informed trading experience.

1. Choose Your Trading Platform

Leeloo Trading supports a wide range of trading platforms, including NinjaTrader 7/8, Rithmic Pro, EdgeProX, Motive Wave, and many others. It is important to select the platform that aligns with your trading preferences and familiarity.

2. Download R|TraderPro

For traders choosing the Rithmic Pro platform, downloading R|TraderPro is the next crucial step. Your credentials for R|TraderPro will be provided in the welcome email you receive upon completing your account purchase.

3. Complete and Sign Rithmic Documents

To ensure full compliance and access to the platform, traders must complete and sign all Rithmic documents. This step is essential for account verification and seamless trading.

4. Connect Your Platform to Rithmic

Once you have downloaded R|TraderPro and completed the necessary paperwork, it’s time to connect your chosen trading platform to the Rithmic data feed. This connection is vital for real-time market data and execution.

5. Review Available Instruments

Before initiating any trades, take the time to review the wide array of instruments available for trading on the Leeloo platform. Understanding the available options will help you craft a well-informed trading strategy.

Leeloo Trading Performance Account Fees and Qualifications

Leeloo Trading offers traders the opportunity to graduate to Performance Accounts, unlocking additional benefits. However, there are specific fees associated with Performance Accounts:

Performance Account Fees

Once you qualify for a Performance Account, you have two fee options:

– Monthly Subscription: $88 per month per Performance Account

The monthly subscription fee provides access to a Performance Account for a recurring fee of $88 per month. This option is suitable for traders who anticipate trading frequently but prefer a month-to-month commitment.

– One-Time Fee: $250 per Performance Account

The one-time fee option is designed for active traders committed to trading their Performance Account for a minimum of 12 trading days each calendar month. Deliberately placing minimal trades solely to maintain an active account is not allowed under this option.

Qualifying for a Performance Account

To qualify for a Performance Account, traders must meet specific criteria:

– Meet Your Profit Target While Managing Risk

Qualification hinges on achieving your profit target while effectively managing risk. Avoiding account drawdowns is a key component of this qualification process.

– Trade for a Minimum of 10 Active U.S. Traded Days

Traders seeking Performance Accounts must actively trade for a minimum of 10 days on U.S. exchanges. This requirement ensures a level of commitment and engagement with the platform.

Managing Multiple Accounts with Leeloo Trading

Leeloo Trading recognizes that some traders may wish to maintain multiple practice and Performance Accounts simultaneously. To accommodate this, the firm allows traders to have multiple accounts, with a few important considerations:

  • One Rithmic ID: Traders are permitted to maintain multiple practice and Performance Accounts, but they are limited to one Rithmic ID. It’s crucial to log in with your Leeloo account credentials when purchasing additional practice accounts to ensure that all your accounts are associated with the same Rithmic ID.

Leeloo Trading Coupon Codes & Discount

If you are interested in joining Leeloo Trading, you might want to use some coupon codes to get discounts on their products and services. Here are some tips on how to do that:

  • Search for Leeloo Trading coupon codes online: You can use a web search engine like Bing to find websites that offer Leeloo Trading coupon codes. For example, you can type “Leeloo Trading coupon codes” in the search box and see what results come up. You can browse these websites and see what coupon codes they have available for Leeloo Trading. Some of the coupon codes might be expired or not working, so you will have to check them before using them.
  • Copy and paste the coupon code at checkout: Once you have found a valid coupon code for Leeloo Trading, you can copy it to your clipboard by highlighting it and pressing “Ctrl+C” on a Windows computer or “Command+C” on a Mac. Then, you can go to the Leeloo Trading website and select the product or service that you want to purchase. When you are ready to checkout, you can check for a field where you can enter the coupon code. Paste the code into this field by pressing “Ctrl+V” on a Windows computer or “Command+V” on a Mac. Click on the apply button to apply the discount to your purchase. You should see the discount reflected in the total amount due.
  • Complete the checkout process: After applying the coupon code, you can complete the checkout process by entering your payment and shipping information and placing your order. You should receive a confirmation email from Leeloo Trading with your order details and tracking information.

Using coupon codes is a great way to save money on Leeloo Trading products and services. You can find coupon codes online from various sources and use them at checkout to get discounts. However, you should always check the validity and terms of the coupon codes before using them, as they might have expiration dates or other restrictions. Happy trading!

Conclusion: Empowering Traders with Opportunity and Flexibility

Leeloo Trading stands as an innovative and accessible prop firm that caters to the diverse needs of day traders. By offering a range of account options, a proprietary software platform, and performance-based contests, Leeloo empowers traders to test their skills and grow their trading acumen. Whether you’re a beginner looking to start small or an experienced trader seeking substantial capital, Leeloo Trading provides a welcoming platform for traders from all corners of the globe. With transparent fees, a trusted reputation, and support for a variety of trading platforms, Leeloo Trading makes it possible for traders to pursue their day trading dreams with confidence.

FAQ

What is Leeloo Trading’s maximum drawdown?

Based on the web search results, the maximum drawdown for Leeloo Trading depends on the specific account type. For example, the Rising Trailing Max Drawdown is a critical parameter that quantifies and terms the Limited Trailing Minimum Account Balance (LTMAB) or the Auto Liquidate Threshold Value (ALTV).

What is Leeloo Trading’s profit target?

Leeloo Trading offers various performance-based trading accounts with different profit targets. Here are some of the available options:

  • Leeloo Express: $6,000 profit target
  • Aspire: $1,500 profit target
  • Launch: $3,000 profit target
  • Climb: $6,000 profit target
  • Cruise: $9,000 profit target
  • Burst: $15,000 profit target
  • Explode: $20,000 profit target
  • Glide | Micro: $2,000 profit target

What are Leeloo Trading’s minimum and maximum trading days?

Based on the web search results, Leeloo Trading requires traders to demonstrate their trading skills on at least 10 trading days. There is no maximum limit to the number of trading days.

What are Leeloo Trading’s challenge fees?

Leeloo Trading offers a variety of trading challenges with different fees and profit targets. Here are some examples of their challenges:

  • Leeloo Express: $77/14 days
  • Aspire: $150/month
  • Launch: $180/month
  • Climb: $220/month
  • Cruise: $305/month
  • Burst: $525/month
  • Explode: $675/month

Please note that these are just some of the challenges.

Does Leeloo Trading offer a retry?

Based on the web search results, it seems like Leeloo Trading offers a retry.

Does Leeloo Trading offer a fee refund?

Based on the web search results, it seems like Leeloo Trading does not offer a fee refund.

What is Leeloo Trading’s profit split?

Based on the web search results, it seems like Leeloo Trading offers up to a 90% profit split.

Does Leeloo Trading offer a scaling plan?

Based on the web search results, it seems like Leeloo Trading does not offer a scaling plan.

Does Leeloo Trading allow expert advisors?

Based on the web search results, Leeloo Trading’s policy on expert advisors is not clearly stated.

Does Leeloo Trading offer a free trial?

Based on the web search results, it seems like Leeloo Trading offers a free trial.

What is Leeloo Trading’s minimum deposit?

According to their website, Leeloo Trading is not a broker and does not accept deposits.

What are Leeloo Trading’s brokers?

Based on the web search results, Leeloo Trading’s brokers are not clearly stated.

What are Leeloo Trading’s platforms?

Based on the web search results, Leeloo Trading supports several trading platforms, including Ninjatrader, Rithmic Pro, and EdgeProX. You can use any platform that is compatible with Rithmic data.

What is Leeloo Trading’s leverage?

Based on the web search results, Leeloo Trading’s leverage is not clearly stated.

Is Leeloo Trading legit?

According to the web search results, Leeloo Trading is a legitimate company that has been on the market for a long time. Many customers have left positive reviews and testimonials about Leeloo Trading on various websites, such as Trustpilot, Leeloo Trading Blog, and Leeloo Trading Website. They praise the company for its transparent and friendly rules, its supportive and helpful staff, and its frequent discounts and promotions. However, some customers have also expressed some concerns about the high activation fees, the long withdrawal process, and the strict drawdown limits. Therefore, before joining Leeloo Trading, you should carefully read and understand their terms and conditions, as well as their funding process.

Leeloo Trading’s alternatives

If you are looking for alternatives to Leeloo Trading, here are some options that you may want to consider: TopstepTrader, Funded Trader, OneUp Trader, Maverick Trading, Savius LLC, Earn2Trade, and so on.

It’s always a good idea to thoroughly research and compare different options before making a decision.

Leeloo

$77
8.5

Features

8.5/10

Challenges

8.5/10

Value

8.5/10

Pros

  • Micro position sizes allowed
  • Very reasonable subscription fees
  • Earn 100% for the first $8k
  • After 1 year get a 90% profit share
  • Up to 6 funded accounts allowed
  • Experienced customer support
  • Good choice of accounts

Cons

  • Some withdrawal limitations
  • Can be overwhelming to new traders
  • Restricted to certain trading platforms
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