Leeloo Trading

Leeloo Trading is a futures proprietary trading firm providing its traders with funded accounts. Tailored for ambitious traders aiming to enhance their trading abilities, the firm has established a strong reputation in the industry.

In our Leeloo Trading review, we explore the firm’s background, how they work, and the key features you need to know about. Our comprehensive analysis is a valuable resource for traders deciding if this is the firm that will best suit their trading styles and requirements, providing you with all the information you need to make a well-informed choice about your futures trading career.

Founded by investor and entrepreneur Jody Dahl, Leeloo Trading is among the most highly regarded futures trading platforms in the industry. Specialising in providing funded accounts that cater to a diverse range of trading sizes and styles, the firm offers traders the chance to customise their accounts according to their unique trading preferences and financial considerations.

In contrast to other prop trading firms which offer a variety of assets, Leeloo Trading concentrates exclusively on futures trading, enabling them to deliver specialised support and resources specifically tailored to traders navigating the complexities of the futures trading world. The firm’s principal aim is to motivate and empower seasoned traders, a goal which they achieve by providing their traders with fully funded accounts, thereby allowing them to confidently participate in the market without exposing their personal capital to any risk.

Each Leeloo Trading account has its own rules and buying power. The standard accounts on offer to all traders are as follows:

  • Express Account
  • Aspire Account
  • Launch Account
  • Climb Account
  • Cruise Account
  • Burst Account
  • Explode Account
  • Glide (Micro) Account

Below we take a look at the details of each funded account.

Leeloo Trading sets itself apart from the competition by providing their traders with a range of distinctive features:

Exceptional profit share

Leeloo’s novel profit-sharing system enables traders to keep 100% of the profits they generate from their initial $8,000 investment. In the following year, traders retain 80% of their profit, and subsequently keep 90%. This 90% profit share distinguishes Leeloo Trading, making it an exceptionally competitive and appealing choice for traders.

Simulated trading available

Leeloo Trading provide simulated trading, meaning you can put your trading skills and strategies to the test using simulated funds. This valuable educational tool enables traders to acquire practical experience in the market without having to risk real capital.

Skill development

The firm has introduced a proprietary evaluation and funding program, allowing traders to showcase their abilities and potentially unlock access to additional capital. Real-time market simulations, performance tracking and personalised feedback for traders all create an environment that nurtures traders as they refine their strategies and cultivate their decision-making abilities.

Reduced financial risk

Leeloo Trading’s mitigation of financial risk is a distinguishing feature of the firm. Whereas traditional trading generally requires significant capital investments (exposing traders to a higher risk of capital loss), Leeloo gives traders the opportunity to trade without putting their personal funds at risk. The firm uses an evaluation process to assess traders based on their skills and determine how much funding to provide them with, thereby greatly reducing risk for both the firm and the trader.

Relaxed trading conditions

Leeloo Trading’s relaxed trading conditions include no daily drawdown restrictions and the freedom to maintain positions over weekends, holidays and news events. These adaptable rules position the firm as an attractive option, particularly for swing traders who often require more time to execute their strategies. With no maximum trading period imposed, traders can enjoy trading as and when it suits them, free from time constraints.

Convenient Leeloo app

Traders partnering with Leeloo will benefit from the firm’s convenient mobile app, which enables seamless trading from virtually anywhere, as well as helping users to monitor their trading progress, participate in contests and execute details with a few simple taps. The app is particularly advantageous for traders with busy lifestyles, further enhancing Leeloo’s already impressive track record on accessibility and flexibility

Leeloo Loyalty Program

The Leeloo Loyalty Program recognises and rewards loyal and profitable traders. Through the program, traders can accumulate credits by making subscription package purchases. The credits translate into valuable benefits, including complimentary resets and access to a free express practice account.

Free trial for new members

Leeloo Trading’s two-week free trial for their practice accounts enables traders to open as many as 12 contracts and access $100,000 in virtual capital. The benefit of this is that traders can familiarise themselves with the Leeloo platform before they commit, thereby removing any element of risk to their own capital while they get to grips with how things work.

Leeloo Trading provides a range of funded accounts, catering to traders with varying budgets and levels of experience. The firm’s flexible pricing plans start at $25,000 and offer traders the opportunity to progress and qualify for higher funding going forward.

Each account, including Foundation, Leeloo Bundle (LB), Entry and Weekly accounts, comes with its own fee structure. Most entail a recurring monthly fee, except the Express Account. Traders who do not pass the evaluation can reset their account for an $85 fee, providing an extra layer of flexibility.

Leeloo Trading provides two different weekly accounts that offer traders payouts on a weekly basis. Traders who are eligible for these accounts can choose between a starting balance of either $25,000 or $50,000.

The variety of accounts on offer enables the firm to cater to traders of all experience levels and support a range of trading styles and strategies.

The firm imposes a 10-day minimum trading requirement.

Leeloo Trading‘s profit payout rules differ for Accelerator and Investor accounts, but withdrawals are always processed on a monthly basis. Payouts are made on the 15th of each month and take around five working days to clear. It’s important to note that if a withdrawal request is made after the 15th of the current month, it will carry over to the following month – so it’s good practice to submit your requests on time.

Profits can be received through bank transfer, bank check or PayPal, with no withdrawal fees (though PayPal withdrawals are capped at $2,000).

Leeloo provides a complimentary NinjaTrader SIM license key with all accounts, and also supports many other well-regarded futures trading platforms, including:

  • Bookmap
  • NinjaTrader 7 and 8
  • Rithmic Pro (free access)
  • Motive Wave
  • Multicharts
  • ATAS
  • Jigsaw Daytradr
  • VolFix
  • Investor/RT
  • Sierra Charts 
  • OptimusFLOW

Before you sign up with Leeloo Trading, it may be worth taking a look at your other options first to make sure your decision is fully informed. Other leading prop trading firms to consider include:

  • Generous profit share
  • Relaxed and adaptable trading rules
  • Caters to a range of trading styles
  • Accessibility and freedom with the Leeloo Trading Mobile app 
  • Opportunity to participate in trading competitions 
  • Range of funded account options 
  • Two-week free trial
  • 10 day evaluation period
  • No live customer support chat
  • Focuses solely on futures trading
  • No dedicated Discord channel 

Leeloo Trading is a well-regarded prop trading firm providing their traders with attractive funded account opportunities. Leeloo offers traders exceptional profit shares, supported by an outstanding reputation. The convenience of their accessible mobile app enhances flexibility, allowing users to trade from wherever they like.

The two-week free trial enables traders to familiarise themselves with the platform without putting any capital at risk and making any financial commitments. For those interested in exploring Leeloo Trading – and we recommend you do! – clicking on the logo below will take you to the firm’s website, where you can set off on a new stage in your futures trading career.

Please refer to the following pages of our website to read about similar other Futures Prop Firms in the industry: Topstep Review

  1. Choose the practice account of your choice, i.e. $25k Aspire (3 contracts), $50k Launch (8 contracts), etc.
  2. Click “Buy Now” (Make sure you sign up with your full name exactly as it reads on your government issued identification; do not use a fake name or a nickname; if you qualify for a PA, you must submit government issued identification)
  3. Follow the steps to purchase the practice account and create an account with Leeloo Trading
  4. Once payment is complete, your account will be created. Please allow up to 15 minutes to receive an email containing your credentials.
  5. A video tutorial is available here

Before you begin trading, you must follow these steps:

  1. Choose your trading platform (see list below)
  2. Downloaded R|TraderPro (your credentials are located in the email received with “Welcome” in the title)
  3. Complete and sign all the Rithmic Documents
  4. Connect your platform to Rithmic
  5. Review all Instruments available to trade

SUPPORTED TRADING PLATFORMS

  • Ninjatrader 7 / 8 (We provide a free license key for Ninjatrader)
  • Rithmic Pro (Free access)
  • EdgeProX (works on Mac, Windows, Linux) 
  • Motive Wave (Mac, Windows, Linux)
  • Multicharts
  • ATAS
  • Finamark Systems (web based)

Once you qualify for a Performance Account, there are two options available.

  1. The monthly subscription is $88 per month per Performance Account
  2. The one-time fee is $250 per Performance Account

Trading frequency must be carefully considered when deciding between the monthly subscription and the one-time fee.
The one-time fee is designed for active traders that will trade their Performance Account a minimum of 12 trading days each calendar month. Deliberately placing minimal trades only to count as a trading day or keep a near-depleted account active, is not permissible.

  1. Meet your Profit Target while Managing Risk (do not let your account meet the drawdown).
  2. Trade for a minimum of 10 active U.S. Traded days.
    Check your traded days by downloading the Leeloo mobile app…
    Get the Leeloo App for Apple Ios Get the Leeloo App for Android

Yes. Traders are allowed to maintain multiple practice and Performance Accounts simultaneously.

Traders are only allowed one Rithmic ID. When purchasing additional practice accounts, make sure to login with your Leeloo account credentials. This ensures all your accounts are associated with the same Rithmic ID.

FIND OUT MORE

 

Trading Rules for Performance Accounts (PA)

What are the key rules for Performance Accounts?

1. 30% Rule: Daily profits in a PA should not exceed 30% of the net profit from the initial starting balance, promoting responsible risk management and consistent trading growth.

2. No Flipping Policy: Engaging in trades just to meet minimum activity requirements is discouraged. In PAs, less than 5% of trading days should be ‘flipping’ days.

Read more here: https://support.leelootrading.com/kb/a190/understanding-the-30-rule-for-performance-accounts.aspx

3. Don’t reach the Max drawdown.

Definition: The Limited Trailing Minimum Account Balance (LTMAB) or Auto Liquidate Threshold Value (ALTV) is a rising trailing max drawdown that tracks your open equity intra-trade, based on the unrealized highest profit point in your Practice Account.

Max Drawdown Example: For an 8 contract account, the assigned max drawdown might be $2,500.

Operation: This limit trails your highest unrealized profit throughout the Practice Account’s life. If this threshold is met, your position will automatically liquidate, resulting in the loss of the Performance Account.

Consequences of Meeting LTMAB/ALTV:

Auto Liquidation: Upon reaching the LTMAB/ALTV, you’ll see a message indicating restricted trading, with only administrators able to place orders.

Read more: https://support.leelootrading.com/kb/a44/rising-trailing-max-drawdown-explained.aspx

4. Don’t hold more than 3 micros at the close of the market.

Up to 3 micros can be held through close without permission. For standard lots or more than 3 micros, admin approval is required, with sufficient profit to cover Maintenance Margin.

Unapproved holding of more than 3 micros can result in account closure and loss of balance.

Trades must be flat 15 minutes before market close, unless admin permission is granted.

Read more: https://support.leelootrading.com/kb/a103/2_-holding-positions-during-the-close.aspx

5. Do not copy trade another user, to not have another user trade your account.

6. No SIM Abuse allowed.

We are always looking for ways to help our traders save.

To get the latest information, subscribe to our YouTube Channel and follow us on FacebookInstagramTwitterChris CEO on TwitterDiscordStockTwits and Spotify! Also, when you sign up for a practice account, you also have the option to Opt-in to receive our emails – this is the best way to find out the latest promos we are running.

Watch this video to learn about even more Leeloo Offerings.

If you are new to Leeloo™, contact us and let us know so we can give you something special….

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    July 20, 2024

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