Score
Hong Kong
|
5-10 years
| https://www.leoprime.com
Website
Rating Index
Influence
D
Influence index NO.1
Netherlands 2.69 Hong Kong
WikiResearch
leoprime.com United States
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| LeoPrime Review Summary | |
| Founded | 1997 |
| Registered Country/Region | Hong Kong |
| Regulation | FSA/VFSC (Revoked) |
| Market Instruments | Forex, spot metals, energies, indices, and stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 1.6 pips (Classic account) |
| Trading Platform | MT4 |
| Minimum Deposit | $10 |
| Customer Support | Contact form |
| Phone: +971 (0) 444 700 23 | |
| Email: support@leoprime.com | |
LeoPrime was founded in 1997 and is registered in Hong Kong. It offers five types of trading instruments: forex, spot metals, energies, indices, and stocks. The platform supports MT4 with a maximum leverage of up to 1:1000, a minimum deposit of $10, and provides a free demo account. However, its regulatory licenses have been revoked.
| Pros | Cons |
| Various trading instruments | Revoked regulation |
| Demo accounts available | |
| Low minimum deposit |
Leo Prime Services Limited previously regulated by the Seychelles Financial Services Authority (FSA) and the Vanuatu Financial Services Commission (VFSC), but both licenses have been revoked.
| Regulatory Status | Regulated by | Licensed Institution | Licensed Type | Licensed Number |
| Revoked | Seychelles Financial Services Authority (FSA) | LEO PRIME SERVICES LIMITED | Retail Forex License | SD032 |
| Revoked | Vanuatu Financial Services Commission (VFSC) | LEO PRIME SERVICES LIMITED | Retail Forex License | 40322 |
Leo Prime offers a total of five types of trading instruments: forex, spot metals, energies, indices, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Spot metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leo Prime offers four types of live trading accounts: Classic Account, Pro Account, ECN Account, and Cent Account. Additionally, it also provides a free demo account.
| Account Type | Minimum Deposit | Maximum Leverage | Spread | Commission | Swap-Free |
| Classic | $10 | 1:1000 | From 1.6 pips | $0 | ✔ |
| Pro | $1,000 | 1:500 | From 0.3 pips | $3 per lot | ❌ |
| ECN | $2,000 | 1:200 | From 0.1 pips | $6 per lot | ✔ |
| Cent | $10 | 1:1000 | From 1.6 pips | $0 | ❌ |
Leo Prime offers maximum leverage of up to 1:1000, while the Pro account offers up to 1:500 and the ECN account up to 1:200. Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.
Leo Prime offers the MT4 trading platform, which is suitable for beginners.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, macOS, Web, iOS, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
Leo Prime has a minimum deposit of $10. The platform offers more than a dozen deposit and withdrawal methods, including international e-payment systems, bank cards, and wire transfers.
Most payment processing fees are covered by Leo Prime, and deposit times are usually instant or within a few business days. Many methods provide instant or same-day transfers.
This article examines the alarming issue of LeoPrime’s failure to pay its employees' salaries and highlights the potential implications of such unethical practices on the credibility and trustworthiness of the company. By understanding the significance of this red flag, forex traders can protect themselves from potential risks and make informed decisions.
In today's article, WikiFX will explore LeoPrime in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platforms to help you make an informed decision on whether or not to use this platform.
LeoPrime is a multi-asset broker that offers more than 100 trading instruments. Recently this broker has become a trending topic in forex markets. WikiFX made a comprehension review to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulation, exposure, etc. Let’s get into it.
LeoPrime is pleased to announce that during the first three quarters of 2018, the company's global forex trading volume increased by over 200 percent to US$5.2 billion, and the number of clients increased by over 4,100 percent, from 166 clients in 22 countries in Q1 to over 7080 clients in 138 countries by Q3.
LeoPrime offers fast withdrawal processing for most methods. Bitcoin withdrawals are processed instantly, while bank transfers and credit card withdrawals can take up to 2 business days. Personally, I like the option of instant Bitcoin withdrawals, but I would consider the $100 minimum withdrawal requirement for Bitcoin.
Given that LeoPrime is unregulated, I personally don’t fully trust the platform for trading. The revoked licenses mean there is no reliable regulatory body overseeing its operations. In my Leo review, I highlight that the lack of regulation is a major concern, as it leaves traders without protection.
The minimum deposit for LeoPrime’s Classic and Cent accounts is just $10, which is perfect for beginners. However, if you’re interested in the Pro or ECN accounts, the minimum deposit increases to $1,000 and $2,000, respectively. For me, starting with the Classic account is a great way to test the platform without risking much.
LeoPrime offers a variety of tradable instruments and a low minimum deposit of just $10 for some accounts, which is great for new traders. However, the unregulated status is a significant downside for me. This lack of protection makes LeoPrime risky, and I wouldn’t feel entirely comfortable using it for real trades.
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FX1079319478
India
This broker is 100% scamer withdrawal all your fund
Exposure
fxvo2200
Romania
I was trading with LeoPrime from December 23 for about 3 months and when I was asking for withdrawal on 14th Feb they canceled all my profits the next day. Then I was asking for my deposit of 300usd but they are delaying it for over 3 months and canceled my withdrawal twice without reason. I`ve emailed them every week since and they said that they have passed my request to the relevant department... rubish...very poor customer service... when you make profits they cancel them the next day and when you ask money they delay you for months...be aware of LeoPrime... will not recomend them
Exposure
marcos.o
Argentina
After my 1 week experience with LeoPrime. I tried to withdraw my deposit from this SCAM broker. I've been waiting for more than 1 month. I also can't get any response from the support team. But my withdrawal is being processed. I can't get any valid answer from them. Sometimes I can contact live support from different emails (when I use my email I can't get any response). He said someone would contact me within a day but no one did. Stay away from this SCAM BROKER if you don't want to lose your deposit. My account number is 5570354.
Exposure
Salman920
Pakistan
I apply my first withdrawal 7th August 2023 but still not received in my wallet address. several times message live chat message email support but only auto reply that we are working on your issue. but no solution and they are not giving withdrawal. I trap by my friend he refer to me. even my account is fully verified in all the way. and there is no any objection and they do not tell me any reason because they all telephone number are closed and life chat is fully automatic reply and also email support is fully auto reply.
Exposure
Xtrader5077
Malaysia
I'm was submit my withdrawal in 5 July and now is already 9 August. I'm still didn't receive and my withdrawal balance. I'm trying to contact the person in charge from LeoPrime and I'm get the answer is just a fake promise and still do nothing. There is almost a month and my withdrawal still under proceed. Careful for this broker you will only able to deposit and won't get your withdrawal in normal 1-3 days.
Exposure
Eika
Malaysia
Received offer with LeoPrime with basic salary 600usd on March..They refuse to paid on 1st month our half month salary. They want to paid on May which is next 2 month. And for April salary also they don't want to paid until now. Reason because our sales target not achieved. Yes, but it will affected only for our commission not salary. We have email, ws asking about our salary but they ignored. We have viral this issue to facebook they ask to delete because they will pay but unfortunately they are just lying. Until now we don't received our April salary also our termination letter.
Exposure
为民维权
Nigeria
Highly recommend! LeoPrime worth having a try, really. Wide selection of trading instruments, flexible and powerful trading platform, as well as fast deposit. It won’t let you down.
Neutral
五星红旗
Hong Kong
An offshore broker yet super reliable. I withdrew my profits twice without any problems. The customer support was very helpful. I love this platform so much, and did have a pleasant trading experience. Recommend! ⭐ ⭐⭐⭐⭐
Positive
A九月九
Ecuador
I am interested in trading leoprime, and I have even selected the type of account I want: ECN account. I also checked some details with their customer support, they responded fast and fixed my issue well. But I read on wikifx that it is a fraudulent company and I thought it would be better not to take the risk.
Neutral
Mr. Rolex
United States
I have requested a withdraw with Leoprime a month ago and i got no money and no reply from them.
Exposure