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LeoPrime: A Detailed Review by Trade Forex
Introduction
LeoPrime, established in 2017 in Vanuatu and later expanding its presence to Seychelles in 2024, has earned a reputation for its exceptional customer service, competitive spreads, and cutting-edge trading technologies. In this comprehensive review, we’ll delve into the key aspects of LeoPrime, including its regulatory status, leverage offerings, account types, trading platforms, available instruments, minimum deposit requirements, and more.
Regulatory Oversight
LeoPrime operates under the umbrella of three distinct brokerage entities:
- LeoPrime MH: Registered in the Marshall Islands, it operates without regulatory oversight.
- LeoPrime SEY: Located in the Seychelles, this entity is regulated by the Seychelles Financial Services Authority (SFSA).
- LeoPrime VU: Based in Vanuatu, it falls under the jurisdiction of the Vanuatu Financial Services Commission (VFSC).
Leverage
LeoPrime, as a non-European Union broker, stands out by offering leverage ratios of up to 1:1000. This generous leverage option can be particularly attractive to traders seeking amplified positions.
Account Types
LeoPrime caters to traders of various experience levels with four distinct account types:
1. Classic
- Minimum Deposit: $10
- Leverage: 1:1000
- Average Spread: 1.6 pips
- Commission: None
2. Pro
- Minimum Deposit: $1000
- Leverage: 1:500
- Average Spread: 0.3 pips
- Commission: $3 per lot
3. ECN
- Minimum Deposit: $2000
- Leverage: 1:200
- Average Spread: 0.1 pips
- Commission: $6 per lot
4. Cent
- Minimum Deposit: $10
- Leverage: Up to 1:1000
- Average Spread: 1.6 pips
Furthermore, LeoPrime offers an Islamic account option, which doesn’t incur swap charges, accommodating traders adhering to Islamic financial principles.
Trading Platforms
LeoPrime exclusively supports the widely acclaimed MetaTrader platforms, MT4 and MT5. Additionally, traders who deposit $1000 or more are eligible for a free VPS (Virtual Private Server) to enhance their trading experience.
Available Instruments
LeoPrime provides access to a wide array of trading instruments, including:
- Forex currency pairs
- CFDs on global stock indices
- Individual stocks
- Commodities
- Precious metals
Minimum Deposit
Getting started with LeoPrime is accessible to traders with a minimum deposit requirement of just $10. Deposits can be made via international bank transfer, debit and credit cards, as well as digital payment systems such as Perfect Money, FasaPay, WebMoney, UnionPay, and BTC.
Conclusion
LeoPrime, a brokerage firm founded in 2017 and regulated by the VFSC and SFSA, offers a diverse range of trading instruments with modern STP and ECN technologies. This ensures narrow spreads and swift transaction execution. Before making a decision, it’s advisable to peruse reviews of LeoPrime and consult our Forex broker rating.
General Information on LeoPrime
- Broker’s Name: LeoPrime
- Year of Foundation: 2017
- Headquarters: Vanuatu, Seychelles
- Regulation: SFSA, VFSC
- Trading Platforms: MT4, MT5
- EURUSD Spread: 1.6 pips
- Demo Account: Available
- Base Currencies: USD
- Maximum Leverage: 1:1000
- Assets: Currency pairs, metals, indices, stocks
- Deposit Replenishment: BankTransfer, Visa/MasterCard, Perfect Money, FasaPay, WebMoney, UnionPay, BTC
- Withdrawal Fee: None
- Payment for Inaction: None
- Islamic Accounts: Available
- Segregated Accounts: Available
- PAMM Accounts: Not Offered
- Partner Account: Available
- Scalping: Supported
- Automatic Trading: Supported
- Mobile Trading: Available
- Web Terminal: Accessible
- Social Trading: Supported
- Signals: Provided
- VPS: Offered for qualifying deposits
- Deposit Bonuses: Available
- Contests: Offered
- Customer Support: 24/5
Trade Forex brings you this comprehensive review of LeoPrime to aid both novice and experienced traders in making informed decisions within the dynamic Forex market.
