LeoPrime is an offshore broker that offers a wide range of trading services and a user-friendly trading environment for both retail and institutional clientele across the globe. The broker offers forex and CFD trading services in a modest selection of financial instruments, including forex currency pairs, precious metals, energies, indices, and cryptocurrency, via the popular MetaTrader 4 platform. They provide some useful market analysis tools, flexible account types, and multiple funding options.
LeoPrime Review Introduction
In this LeoPrime review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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LeoPrime Platforms & Tools
LeoPrime provides clients with the widely popular MetaTrader 4 (MT4) platform, which is used by millions of traders across the globe. The platform is the gold standard for trading forex and CFDs, and it comes with advanced tools for performing market analysis, placing different types of orders, and implementing automated trading using expert advisors (EAs).
MT4 is available as installable applications for computers and laptops, as well as mobile trading apps for iOS and Android devices that can be downloaded from the relevant app stores. There is also a WebTrader version of the platform that runs directly on modern web browsers, such as Chrome, Firefox, Safari, and Edge, without the need to download and install any additional software.
In addition to the tools available in the MT4 platform, the broker provides other helpful trading tools, such as Economic Calendar, Forex Calculator, Client Sentiment, and VPS Hosting.
LeoPrime Research & Education
The broker provides a detailed market analysis of some selected trading instruments on their website. The analysis comes with annotated charts and descriptions.
LeoPrime Trading Accounts
LeoPrime offers a choice of three live trading accounts to different traders’ requirements, and the required minimum deposit starts from $10. These are account types:
- Cent Account: Denominated in cents, the account requires a minimum deposit of $10. The minimum lot size is 0.01 lots, while the maximum leverage is 1:1000
- Classic Account: The initial deposit is $10, and the maximum leverage is 1:1000. Spreads start from 1.6 pips, but there is no commission.
- ECN Account: The minimum deposit is $1,000, and there is a leverage of up to 1:200. Spreads start from 0 pips and a commission of $6 per standard lot is charged. Swap-free Islamic account is available in this account type.
There are demo accounts for those who want to practice their strategies in a risk-free environment. The demo accounts expire in 30 days.
LeoPrime Account Funding
LeoPrime accepts different account funding and withdrawal methods, such as wire transfer, credit/debit cards, Neteller, Skrill, Perfect Money, Bitcoin, Fasapay, and WebMoney. Transaction fees and processing time vary with the payment method used, and some methods may not be available to all countries.
LeoPrime Customer Service
You can contact the broker’s customer support team via phone, email, and live chat. They are available 24/5 and can communicate in 10 different languages.
LeoPrime is the trading brand of Leo Prime Services Limited, which is registered in Seychelles with securities Dealers License number SD032 and regulated by the Seychelles Financial Service Authority (FSA). Leo Prime Service Limited is also registered in the Marshall Islands and regulated in accordance with Marshall Islands Business Corporation Act.
LeoPrime Review Summary
LeoPrime is an offshore broker that offers a decent range of forex pairs and other assets for trading via the MT4 platform. They provide clients with a selection of helpful trading tools.
It is worth mentioning that some of the trading products and services in this LeoPrime review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the LeoPrime broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.