leo Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：　　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 However, its regulatory licenses have been revoked.

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 Information

　　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 However, its regulatory licenses have been revoked.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 and Cons

Pros	Cons
Various trading instruments	Revoked regulation
Demo accounts available
Low minimum deposit

Is LeoPrime Legit?

　　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Financial Services Authority (FSA) and the Vanuatu Financial Services Commission (VFSC), but both licenses have been revoked.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

What Can I Trade on LeoPrime?

　　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	❌

Account Type

　　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	❌

Leverage

　　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.

Trading Platform

　　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

Deposit and Withdrawal

　　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.