LeoPrime MH – legally registered entity located in the Marshall Islands, but not regulated by any government agency.
LeoPrime SEY – located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
LeoPrime VU – located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
LeoPrime group accepts clients from all over the world, excluding USA, Belgium, North Korea, France, Australia, Israel and Japan.
Forex broker offers the following underlying assets for FX trading.
Based on Bitcoin, Ethereum, Litecoin, Ripple.
Based on baskets of different blue-chip stocks.
Based on Crude Oil (WTI, Brent) and Natural Gas.
LeoPrime is a Vanuatu (and also Seychelles-based since 2019) online forex broker that has become well-known as having one of the best customer service departments in the industry, in addition to offering tight spreads and superior trading technology with extremely fast latency times on its servers.
Although the company was only founded in 2017, LeoPrime has quickly attracted a pretty large user base from all around the world, many of whom are experienced traders interested in taking leveraged positions on cryptocurrencies while avoiding some of the risks that comes with these new assets.
As most other brokers these days, LeoPrime offers direct market access for their traders with the standard STP (straight-through processing) and ECN (electronic communications network) model for order processing.
As far as trading platforms go, LeoPrime relies exclusively on the classic MetaTrader 4 (MT4) Windows-based forex trading platform, while also offering a workaround for Mac users to use the same platform, as well as a mobile app for use on Android devices.
New LeoPrime customers have the choice to set up a live account right away, or to begin with a demo account in order to test their skills in the market. The broker further offers three different account types depending on the traders needs:
1. A classic account with a minimum deposit of USD 10 and an average spread of 1.6; or
2. An ECN account with a minimum deposit of USD 1,000, tight spreads starting at 0.1, and a commission of USD 6 per standard lot; or
3. A cryptocurrency account with a minimum deposit of USD 50 and leverage of up to 1:3
As a non-EU broker, LeoPrime has one of the best leverage offerings in the industry with up to 1:1,000 leverage for traders who sign up for their Classic account. However, such a high leverage comes with risks, and traders should make sure they have the experience necessary to take advantage of the leverage in a responsible manner.
As a fairly new broker on the market, cryptocurrency trading has been important for LeoPrime since the beginning. The broker buys cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, in the OTC market (over-the-counter off-exchange) and stores them for the client. This gives LeoPrimes traders exposure to the price of the cryptocurrencies, without having to take the risk of hackings, losing wallet access, and other things that comes with buying and storing actual cryptocurrencies.
Other trading instruments offered by this broker includes CFDs based on popular underlying assets such as major stock indices globally, all commonly traded currency pairs, as well as commodities such as gold, silver, and oil. All trading instruments are conveniently listed with current spreads and margin requirements on the Trading Instruments section of the brokers website.
In addition, LeoPrime maintains a regularly updated trading blog with lots of interesting topics ranging from crypto trading to the best trading strategies for forex and commodities.
As mentioned in the introduction, LeoPrime has made a name for itself in the industry because of the great customer service experience it offers. If the extensive FAQ section on the website does not answer a traders question, the broker offers three ways to get in touch: Email, live chat, or a UK phone number that is open 24 hours a day on all trading days.
Found very polar reviews about this broker… Fortunatly, I havent yet encountered any serious troubles (at least so far) at least in trading. Just the usual spread-widening at night and on market news releases, all the rest time spreads are pretty tight. Although, I havent yet tried to make any major deposit / withdrawal… well see about that.
Forex trading imposes a high level of risks and is not suited for all traders and investors. As much as trading on foreign exchange markets may be potentialy profitable, it can also lead to significant losses. Ensure that you have enough trading experience, knowledge and full comprehension of potential risks involved. Most derivative contracts have high leverage and low margin requirements. Hence, rapid price movements may inflict serious financial damage or even devastate your entire trading account.