Leeloo Trading Review
Leeloo Trading allows everyone to practice in the market, with the opportunity to earn real money, before investing their own capital. You can test your strategies, improve your skills, educate yourself and trade with confidence. Funded accounts go up to $300,000 with a 90% profit split.
Leeloo Trading is a growing prop firm that is becoming more and more prevalent in the funded futures trading programmes market. With a greater range for the trailing drawdown, no scaling plan, less restrictions on trading time, and an incredible price to reset your account, Leeloo Trading’s terms and costs are the easiest and most cheap for novices.
Through its innovative proprietary software platform, Leeloo offers individual traders the chance to test their market knowledge using virtual money and the chance to win rewards through recurring performance-based competitions known as Leeloo’s Performance Based Trading and Contests.
Traders from all over the world use Leeloo because they know it is a reputable and trustworthy platform and because they feel appreciated there. Customers of Leeloo can test out various indicators and techniques as they sharpen their trading skills, determine whether they have what it takes or whether they need more practise. Leeloo is amongst the leading education platform that champions retail traders.
About
After years of using the futures markets to hedge their costs, one of the biggest cattle ranchers in the state of Montana founded Leeloo Trading. Leeloo is expanding its fan base in the trading community because they offer some of the most trader-friendly terms in the prop firm industry. Leeloo was first established in 2019, yet it has already reached five continents.
Anyone can join the thousands of parents, teachers, business owners, and others who trade with Leeloo globally. Leeloo is an Elite Software Platform that enables users to practise trading with virtual money and potentially earn money using Leeloo’s exclusive Performance-Based Trading.
As attentive designers of sophisticated and cutting-edge applications for traders, Leeloo is considered to be an industry leader. They have outstanding customer service and top-notch care for their customers which are two things that Leeloo Trading is renowned for.
The prop firm take delight in providing the trading community with traditional rancher and family values, which include hard work and supporting one another. They are pleased to provide the trading community with a helpful platform with Value and Trust, partnering with traders from all walks of life, all over the world, thanks to these traditional values, business expertise, and a combined 90 years in Trading and Investing.
In order to give prop traders a chance to practise in the markets with simulated money, Leeloo Performance Based Trading and Contests began in the summer of 2019. In a short period of time, Leeloo became well-known. Leaders in business and philanthropy, they actively contribute to their communities. They want to be the partner that prop traders trust the most.
When comparing funding to fee ratios, Leeloo Trading accounts offer some of the greatest value in the market. With a maximum drawdown of $7500, trading accounts range from two micro contracts to thirty contracts. Additionally, they provide relatively affordable prices for their programmes, ranging from $77 for 14 days to $675 per month. For ambitious traders, Leeloo offers a variety of trading accounts; let’s look at their most popular one and discuss all the rules or lack thereof.
Leeloo Express Practice Account
You have ten days to access the Leeloo Performance Account using this $77 account. You must reach your objective in 10 days because the minimum number of trading days required to qualify is 10 and the number of trading days that can be granted to you is 10–11. Although it is a less expensive choice, that does not necessarily make it the simplest. It is strongly advised that you avoid weeks that include US holidays to reduce any potential confusion. The only half-days on which Leeloo will make an exception are Good Friday, January 1, and December 25.
- $100,000 account size
- You can trade up to 12 contracts
- $6,000 profit target
- $3,000 maximum trailing drawdown
- You must complete it by day 10
- You get a refund of your $77 when you pass
Evaluation Account Rules
The trading rules are similar to those of the majority of prop trading firms. Reach the objective and trade for at least 10 days and you will succeed. The most important thing to observe is their trailing drawdown because it is calculated using the largest profit you may have made.
Therefore, your trailing drawdown is adjusted based on the $2,000 if, for instance, the first trade you are in soars to a potential profit of $2,000 before falling back down and closing out at $1,000. You could set take profit objectives so that you may profit fully from price increases.
| Name | Price/month | Account Size | Contracts | Goal | Drawdown |
|---|---|---|---|---|---|
| Aspire | $150 | $25,000 | 3 | $1,500 | $1,500 |
| Launch | $180 | $50,000 | 8 | $3,000 | $2,500 |
| Climb | $220 | $100,000 | 12 | $6,000 | $3,000 |
| Cruise | $305 | $150,000 | 15 | $9,000 | $5,000 |
| Burst | $525 | $250,000 | 25 | $15,000 | $6,500 |
| Explode | $675 | $300,000 | 30 | $20,000 | $7,500 |
| Glide | $145 | $100,000 | 20 micro/2 reg | $2,000 | $625 static |
| Express | $77 | $100,000 | 12 | $6,000 | $3,000 |
Accelerator Performance Funded Account
When using an accelerator funded account, you must scale up and begin with two contracts. A $625 static drawdown is available to you. You’ll open up more contracts as you start to make money. Before making your initial withdrawal, you must trade for at least 30 calendar days.
Investor Performance Funded Account
With the investor account, you can trade all of your contracts right away (no scaling). For the first four months, there are pretty stringent withdrawal restrictions; therefore, it is really more important to build up a balance and anticipate the payday.
Leeloo is more adaptable than many other futures trading programs. For instance, the trader is permitted to hold positions over the weekend and during the one-hour close of market for the majority of futures contracts during the evaluation period, when they are attempting to qualify for funding. That said, unless you are already in profit or maybe are trading micro contracts, it is also a highly risky thing to do.
Micro positions are counted as 1/10 of a contract, and the number of contracts that are actually accessible depends on the trading application you are using. For instance, the “Aspire” programme permits the trading of 30 micro contracts or three normal lot contracts. A considerably larger programme called “Express” allows up to 12 standard lot contracts or 120 micro contracts to be open at once.
The programme does contain a “trailing max drawdown rule,” which states that the maximum percentage amount you can lose before passing the evaluation or having the live account terminated climbs over time from a “high water mark,” at least until the trailing loss approaches the program’s starting balance. It should be mentioned that qualifying requires a minimum of 10 trading days, which is common for the sector.
While some plans have very slight variations, the basic goal of the programme is to gain 6% without losing 3%. In contrast to a monthly recurring membership, the Leeloo Express test is available for 14 days. Nevertheless, because it is so much harder to pass, it is significantly less expensive than the other accounts.
Rules
Leeloo Trading have some basic rules and conditions that you will need to abide by in order to be eligible for an evaluation account and eventually qualify for a funded account. This includes but is not limited to the following:
- You must be 18 years or older
- You must trade a minimum of 10 trading days
- No consistency rules
- No restriction on trading during news
- No restriction on trading when market closed
- No maximum days of trading
- Allowed instruments on Leeloo Trading: CBOT, CME, COMEX, NYMEX
Fees
After you receive funding, there are ongoing expenses for data and/or one-time setup. You must pay Leeloo Trading $88 every month for data. This cost applies to all markets (other companies charge per market). This is the CME Data Subscription Fee for the month.
Commissions
All trades are made with commissions taken into account during the assessment or on the live funded account. The exchange, not necessarily Leeloo, determines commissions. CME, CBOT, COMEX, and NYMEX calculate commissions. A few micro contracts cost just $0.42 per side.
Withdrawals
Leeloo Trading’s withdrawal policies differ depending on whether you have Accelerator or Investor Performance Accounts. However, withdrawals are typically handled on the final Tuesday or Wednesday of each month. Withdrawals can be made using PayPal, bank wire, or traditional checks. Withdrawals are free of charge. Maximum withdrawals from PayPal are of $2,000 each.
Positions
The maximum number of contracts a trader may hold throughout the trading exam is 15 minis. The maximum position size is available for usage starting with the first trade. In contrast to a lot of competitors, you must accrue profits before using the entire claimed account leverage. You do not always need to use the whole amount of leverage. Throughout the whole trading test, traders are permitted to hold one mini contract position.
Trading micro contracts is an option if market conditions necessitate even smaller positioning. For every 15 available in mini contract leverage, Leeloo kindly permits traders to trade ten micro contracts. In risky circumstances, macros enable excellent position sizing management and risk reduction.
Drawdown
The Limited Trailing Minimum Account Balance is calculated live (ALTV), Intra-Trade. The LTMAB (ALTV) will increase a defined distance as your account balance increases and is calculated in real-time during your open positions. Your trailing minimum account amount remains the same if the balance drops. For instance, a 3 Contract account’s trailing maximum drawdown is $1,500. This means that the lowest loss on your account, including fees and commissions, is $1,500, which is determined from the highest balance on your account.
This stop keeps lagging. When a trader exceeds the account profit target, the stop will continue to trail, meaning that even if the transaction or account goes back below the profit target after the trader reaches it. Traders, keep an eye on your trail if you have not met the required 10 days of trading because this form of stop will trail indefinitely once you have exceeded the profit target.
The trailing maximum drawdown is intended to assist you in assessing your trading strategy in light of the market’s current conditions and to get you ready for trading on a live account, where traders are reminded that self-control, risk management, and trading-plan reflection are essential for success. Leeloo Trading genuinely want traders to develop risk management skills and keep risk management at the top of their priorities.
Reset
In essence, a reset resets the Initial Balance so you can keep using the practise account you subscribed to for trading. Any prior profit or loss is thrown out. You are given a new Account Number and your Initial Balance has been reset. You must now execute trades on at least 10 different days in order to meet your overall profit target.
Your practise account’s expiration date is not altered by a reset. The account is automatically renewed and billed every 30 days until you decide to cancel it yourself.
Additionally, your 30-day auto-renewal charge does not modify or reset your Account Balance. The expiration date is merely postponed by 30 days. If you are profitable, your profit will not change. Your status remains constant if you have lost money or have reached your maximum loss. If you have reached your maximum loss, you must reset in order to trade again, or you must close the account and open a new one.
Reset Example
Your 30-day subscription is about to renew in three days, but you need to reset because you reached your maximum loss. In order to prolong it another 30 days, you would pay to reset, but three days later you would still be charged for the account. Instead of paying the reset price and then being charged the subscription fee three days later, you might in some circumstances think about cancelling the account and getting a new one. However, do not sign up for a new Leeloo Trading membership if you cancel an account. Continue to log in and purchase additional accounts using the same one.
Platforms
The Rithmic Trader Pro platform, which is provided by Leeloo, is a data industry standard and is inherently quite simple. You can utilise the platform itself or layer a superior charting package over it, such as Sierra Charts, NinjaTrader, Motive Wave, or anything else that can function in that environment, depending on what you want to use for charting. This gives you a wide range of options to choose from and enables the trader to work in a setting that they find more comfortable. They do not support the MetaTrader platform, but City Traders Imperium do if that is your platform of choice.
- Ninjatrader 7
- Ninjatrader 8
- Rithmic Pro
- EdgeProX
- Motive Wave
- Multicharts
- ATAS
- Finamark
- Jigsaw Daytradr
- Trade Navigator
- VolFix
- Bookmap X-Ray
- Investor/RT
- Sierra Charts
- OptimusFLOW
Instruments
With Leeloo Trading, you can trade products within the CME, COMEX, CBOT and NYMEX. Since trading at Leeloo is based on futures contracts, some markets might be accessible while others might not be. The EUREX is unavailable because they concentrate on US exchanges. As a result, traders can concentrate on the largest contracts, such as foreign currency, metals, energy, agricultural futures, US index futures, and futures on interest rates and commodities.
The first thing you’ll notice if you regularly trade foreign exchange is that there are only the major currencies and the Mexican peso available. However, there are several commodity markets available, including those for corn, natural gas, and oil. Indicators and financial rate contracts are also accessible. There are over 60 markets available in total, providing a wealth of choices.
Education
In-depth trading education and training are another selling point for Leeloo Trading. The Leeloo education programme is personalised and moves at the speed of the traders. Sessions can be scheduled by traders based on their interests and level of experience. Courses span from fundamentals of the markets, market structure, market patterns, and charts through volume, market profile, volume profile, OHLC bars, and candles, and each session costs $250. To ensure that the education is of the highest calibre and that all necessary assistance is given while learning, Leeloo Trading only works with a select group of traders each month.
| Maximum capital | $300,000 |
| Profit split | Up to 90% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | No |
| Free trial | Yes |
| Maximum leverage | N/A |
Overall, Leeloo Trading can be a good prop trading firm for aspiring traders who are looking to put their skills and knowledge to the test with an evaluation account. They have some very reasonable rules and conditions that you need to stick by in order to successfully pass the challenge stage. Once you do, this will gain you access to a funded account where you can trade futures on some of the top trading platforms and keep a large portion of any profits.
On the other hand, the accounts and terms can be quite overwhelming which may cause some confusion for traders and lead them to failing the evaluation phase without even realising it. That being said, the support team are friendly and willing to help you get up to speed with things. Furthermore, you will find some decent educational content which can be beneficial for improvising your trading skills and knowledge.
How do I sign up?
Click on ‘Buy Now’ You will then be led thru the steps to make payment and create an account with Leeloo Trading
Once you have made payment and created your account, wait patiently and within 5-20 minutes you will receive an email and your account login credentials.
How do I qualify for a performance account?
Trade a minumum of 10 active U.S. Traded days. You can check your traded days by downloading the Leeloo app.
Once you have qualified, the Leeloo system will notify them. You will then receive an email with the next steps.
