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leo foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.leoprime.com/register/, about the company's legal and temporary regulatory information, the company's address #1101, 11th Floor, Westburry Business Tower, Business Bay, Dubai, UAE.

leo Forex Broker

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leo

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LeoPrime Review SummaryFounded1997Registered Country/RegionHong KongRegulationFSA/VFSC (Revoked)Market InstrumentsForex, spot metals, energies, indices, and stocksDemo Account✅LeverageUp to 1:1000SpreadFrom 1.6 pips (Classic account)Trading PlatformMT4Minimum Deposit$10Customer SupportContact formPhone: +971 (0) 444 700 23Email: support@leoprime.comLeoPrime 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 However, its regulatory licenses have been revoked.Pros and ConsProsConsVarious trading instrumentsRevoked regulationDemo accounts availableLow minimum depositIs LeoPrime Legit?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Financial Services Authority (FSA) and the Vanuatu Financial Services Commission (VFSC), but both licenses have been revoked.Regulatory StatusRegulated byLicensed InstitutionLicensed TypeLicensed NumberRevokedSeychelles Financial Services Authority (FSA)LEO PRIME SERVICES LIMITEDRetail Forex LicenseSD032RevokedVanuatu Financial Services Commission (VFSC)LEO PRIME SERVICES LIMITEDRetail Forex License40322What Can I Trade on LeoPrime? Leo Prime offers a total of five types of trading instruments: forex, spot metals, energies, indices, and stocks.Tradable InstrumentsSupportedForex✔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 TypeMinimum DepositMaximum LeverageSpread Commission Swap-FreeClassic$101:1000From 1.6 pips$0✔Pro$1,0001:500From 0.3 pips$3 per lot❌ECN$2,0001:200From 0.1 pips$6 per lot✔Cent$101:1000From 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 PlatformSupportedAvailable DevicesSuitable forMT4✔Windows, macOS, Web, iOS, AndroidBeginnersMT5❌/Experienced tradersDeposit 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.
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Pros
Low minimum deposit requirement of $10, making it accessible for new traders.
Wide range of account types available, catering to different trading styles and experience levels.
High leverage options up to 1:1000, providing potential for increased profits.
Cons
Higher spreads compared to some other forex brokers, which may affect trading costs.
Limited availability of cryptocurrencies for trading, reducing diversification options.
Absence of comprehensive training and educational resources for novice traders, which may hinder their learning curve.

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Leo Inc Limited
Abbreviation
leo
Company employee
--
Customer Service Email Address
support@leoprime.com
Contact Number
+971044470023
Company Website
Company Address
#1101, 11th Floor, Westburry Business Tower, Business Bay, Dubai, UAE
How to login to leo?
leoprime Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a leoprime Account Creating an account on leoprime is the first step to accessing the platform's trading services. Follow these detailed steps to complete the leoprime registration process: Step 1: Accessing the Registration Page To begin, navigate to the official leoprime website at www.leoprime.com. Look for the “Register” or “Open Account” button prominently displayed on the homepage. Click on it to access the registration page. Step 2: Filling in Required Information On the registration page, youll need to fill out a form with your personal details. This typically includes: Full Name Email Address Phone Number Password (create a strong password) Make sure the information is accurate, as it will be used for account verification. Step 3: Email/Phone Verification After submitting your details, leoprime will send a verification code to the email address and/or phone number you provided. Check your inbox or SMS for the code, then enter it in the designated field on the registration page to verify your contact information. Step 4: Identity Verification (if required) In some cases, especially for certain regions or account types, you may be required to complete identity verification. This involves uploading documents such as: A valid government-issued ID (passport, driver's license, etc.) Proof of address (utility bill or bank statement) Ensure that the documents are clear and meet the specified requirements. Step 5: Registration Confirmation Once your verification is complete, you will receive a confirmation email from leoprime. This email will contain your account details, including your username and a link to log in. Common Registration Issues and Solutions Email Already Exists: If you encounter an error stating that your email is already registered, this means you have an existing account. Use the leoprime login page to access your account. Verification Code Not Received: Ensure that you entered the correct email or phone number. Check your spam folder or request a new code if necessary. Document Upload Issues: Make sure your documents are in the correct format (JPEG, PNG, or PDF) and do not exceed the size limit (usually 5 MB). Regional Differences in Registration Some regions may have additional requirements or restrictions. For instance, residents of the United States and certain other jurisdictions may not be able to register due to regulatory compliance. Always check the terms specific to your location during the registration process. Part Two: Account Opening Process leoprime Account Opening Detailed Guide After successful registration, you can proceed to open your trading account. Understanding the difference between registration and account opening is crucial. Registration creates your user profile, while account opening allows you to engage in trading activities. Preparation Work Before Account Opening Before you start the account opening process, ensure you have the following: Your registered email and password Any required identification documents ready for upload A clear understanding of which account type you wish to open (Classic, Pro, ECN, or Cent) Detailed Account Opening Steps Step 1: Selecting Account Type Log in to your personal area using the credentials received during registration. From your dashboard, select the “Open Account” option. You will be presented with different account types. Choose the one that best fits your trading needs: Classic Account: Suitable for beginners with a minimum deposit of $10. Pro Account: For experienced traders, requiring a $1,000 minimum deposit. ECN Account: For professional traders, starting at $2,000. Cent Account: Ideal for practice and strategy testing, with a $10 minimum deposit. Step 2: Submitting Required Documents Depending on the account type selected, you may need to submit additional documents for verification. This typically includes: Proof of identity Proof of address Upload these documents in the required format. Step 3: Account Review Process Once you submit your account opening request and documents, leoprime will review your application. This process can take anywhere from a few hours to a couple of days, depending on the volume of applications. Step 4: Account Activation Upon approval, you will receive an email confirming your account activation. This email will also contain your MT4 or MT5 login credentials, which you will need for trading. Step 5: Initial Setup After activation, log in to your trading platform using the provided credentials. Here, you can set up your trading environment, including: Adjusting leverage settings Setting up deposit methods Customizing your trading interface Frequently Asked Questions About Account Opening How long does it take to open an account? Typically, the process can take from a few hours to a couple of days, depending on verification speed. What if my account is not activated? Check your email for any additional verification requests or contact customer support for assistance. Next Steps After Opening an Account Once your account is active, consider: Making your initial deposit to start trading. Familiarizing yourself with the trading platform by using a demo account if you are new to trading. Part Three: Login Guide leoprime Login Process Explained Logging into your leoprime account is simple and straightforward. Follow these steps to access your account: Step 1: Navigate to the Login Page Go to the leoprime website and click on the “Login” button, usually located at the top right corner of the homepage. Step 2: Enter Your Credentials Input your registered email address and password in the provided fields. Ensure there are no typos, especially in your email. Step 3: Two-Factor Authentication (if enabled) If you have enabled two-factor authentication (2FA) for added security, you will need to enter the verification code sent to your mobile device or email. Step 4: Click on Login After entering your credentials and 2FA code, click the “Login” button. You will be redirected to your personal dashboard. Step 5: Access Your Account Features Once logged in, you can access various features including trading accounts, deposit options, withdrawal requests, and account settings. Mobile App Login Process If you prefer using the leoprime mobile app: Download the app from the App Store or Google Play. Open the app and enter your email and password. Complete the 2FA process if enabled. Tap “Login” to access your account. Common Login Issues and Solutions Forgotten Password: Click on the “Forgot Password?” link on the login page. Enter your registered email to receive a password reset link. Account Lockout: If you enter the wrong password multiple times, your account may be temporarily locked. Wait for a specified time before trying again or contact support. Technical Issues: Ensure you have a stable internet connection. If problems persist, try clearing your browser cache or reinstalling the app. Overview of Features After Login Once logged in, you can: Monitor your trading accounts and balances. Execute trades and manage open positions. Access market analysis tools and resources. Update your personal information and settings. Additional Sections Account Security Recommendations To protect your leoprime account, consider the following tips: Use a strong, unique password and change it regularly. Enable two-factor authentication for added security. Regularly monitor your account activity for any unauthorized access. Best Practices for Account Management Keep your personal information updated to avoid issues with withdrawals or account recovery. Regularly back up your trading data and reports. Familiarize yourself with the trading platform and its features to maximize your trading efficiency. How to Get Technical Support If you encounter any issues or have questions, leoprime offers several support channels: Live Chat: Available on the website during trading hours. Email Support: Reach out to support@leoprime.com for assistance. Help Center: Access the FAQ section on the website for common queries. This comprehensive guide provides a clear pathway for users to navigate the leoprime registration, account opening, and login processes effectively. By following the outlined steps, users can ensure a smooth experience while leveraging the features offered by leoprime.

LeoPrime Forex Broker - Complete Information Guide

1. Broker Overview

LeoPrime, officially known as Leo Prime Services Limited, was established in 2017. The broker is headquartered in Mahe, Seychelles, with additional offices in Vanuatu. It operates as a private entity, catering primarily to individual retail clients and some institutional clients. Over the years, LeoPrime has gained a significant presence in the forex trading market, offering a range of financial services and trading instruments.

LeoPrime's development has been marked by a steady growth in its user base, attributed to its competitive trading conditions, including high leverage options and a diverse array of trading products. The broker aims to provide a user-friendly trading experience, focusing on both novice traders and seasoned professionals. Its business model primarily revolves around retail forex trading, but it also offers services related to CFDs and commodities.

The company operates under the regulatory framework of the Seychelles Financial Services Authority (FSA), which, while providing a license, does not impose stringent regulations akin to those found in more established jurisdictions. This aspect has shaped the broker's operational strategies and the services it offers to its clients.

2. Regulatory and Compliance Information

LeoPrime is regulated by the Seychelles Financial Services Authority (FSA), holding the license number SD 032. This regulatory body oversees the operations of financial service providers in Seychelles, but it is important to note that the FSA is considered a tier-3 regulator, which means it does not enforce rigorous compliance standards compared to tier-1 regulators like the FCA or ASIC.

The broker also has a registered entity in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). However, similar to the Seychelles, the VFSC does not impose strict regulations on forex brokers. Consequently, traders may face higher risks when engaging with LeoPrime due to the lack of robust regulatory oversight.

LeoPrime adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, requiring clients to provide identification and verification documents. However, the absence of a substantial investor protection fund raises concerns regarding the safety of client funds, especially in the event of insolvency or operational disputes.

3. Trading Products and Services

LeoPrime offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs. Additionally, LeoPrime facilitates trading in various CFD products, encompassing indices, commodities, stocks, and cryptocurrencies.

  • Forex Currency Pairs: Major pairs like EUR/USD, GBP/USD, and USD/JPY, along with a selection of minor and exotic pairs.
  • CFD Products:
  • Indices: Global stock indices.
  • Commodities: Trading options include precious metals like gold and silver, as well as energy products like oil and natural gas.
  • Cryptocurrencies: A variety of crypto pairs, although the specifics of these offerings may vary.

The broker frequently updates its product offerings, aiming to introduce new instruments based on market demand and trends. LeoPrime caters to both retail and institutional clients, providing tailored services to meet varying trading needs.

4. Trading Platforms and Technology

LeoPrime supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are known for their user-friendly interfaces, advanced charting tools, and robust trading functionalities.

  • Platform Features:
  • MT4: Offers automated trading capabilities through Expert Advisors (EAs), advanced charting options, and a variety of technical indicators.
  • MT5: An upgraded version of MT4, MT5 supports more markets and instruments, includes additional order types, and features enhanced analytical tools.

The broker does not provide a proprietary trading platform but focuses on optimizing the MT4 and MT5 environments for its users. LeoPrime also offers mobile trading applications compatible with both iOS and Android devices, allowing traders to access their accounts and execute trades on the go.

The broker employs an ECN (Electronic Communications Network) and STP (Straight Through Processing) execution model, ensuring that trades are executed quickly and efficiently. The server infrastructure is designed to minimize latency, enhancing the overall trading experience.

5. Account Types and Trading Conditions

LeoPrime offers several account types to cater to different trading preferences and levels of experience:

  • Classic Account:
    • Minimum Deposit: $10
    • Spreads: Starting from 1.6 pips
    • Commission: $0
    • Leverage: Up to 1:1000
    • Pro Account:
      • Minimum Deposit: $1,000
      • Spreads: Starting from 0.6 pips
      • Commission: $3 per lot
      • Leverage: Up to 1:500
      • ECN Account:
        • Minimum Deposit: $2,000
        • Spreads: Starting from 0.1 pips
        • Commission: $6 per lot
        • Leverage: Up to 1:200
        • Cent Account:
          • Minimum Deposit: $10
          • Spreads: Starting from 1.6 pips
          • Commission: $0
          • Leverage: Up to 1:1000

          Additionally, LeoPrime provides a demo account for traders to practice without risk, and Islamic accounts are available for Muslim traders, complying with Sharia law. The broker's leverage options are notably high, which may appeal to experienced traders but also entails significant risk.

          6. Fund Management

          LeoPrime supports a variety of deposit and withdrawal methods, making it convenient for clients to manage their funds. Accepted methods include:

          • Deposit Methods:
          • Bank wire transfers
          • Credit and debit cards (Visa, MasterCard)
          • E-wallets (Neteller, Skrill, Perfect Money)
          • Cryptocurrencies (Bitcoin, Ethereum)

          The minimum deposit requirement varies by account type, starting from as low as $10 for the Classic and Cent accounts. Deposits are typically processed instantly, except for bank wire transfers, which may take 2-5 business days.

          • Withdrawal Methods:
          • Withdrawals can be processed through the same methods used for deposits.
          • Withdrawal requests are generally processed within 24 hours, although the time taken for funds to reach the clients account may vary.

          LeoPrime does not charge withdrawal fees, but clients should be aware of potential fees associated with certain deposit methods, particularly credit card deposits.

          7. Customer Support and Educational Resources

          LeoPrime offers customer support through various channels, ensuring that clients have access to assistance when needed. Support options include:

          • Contact Methods:
          • Phone: +44 20380 85868
          • Email: support@leoprime.com
          • Live chat on the website
          • Social media platforms

          The support team operates during business hours, typically from 07:00 to 20:00 GMT, and provides assistance in multiple languages, including English, Chinese, and several others.

          In terms of educational resources, LeoPrime offers a range of materials to help traders improve their skills and knowledge. These resources include:

          • Webinars
          • Tutorials
          • E-books
          • Market analysis and news updates

          The broker also provides trading tools such as economic calendars and calculators to assist traders in their decision-making processes.

          8. Regional Coverage and Restrictions

          LeoPrime services clients from various regions around the world, although it does not accept clients from certain countries due to regulatory restrictions. The broker is particularly focused on markets in Asia and the Middle East.

          • Key Markets:

          • Asia

          • Middle East

          • Other international markets

          • Regional Offices:

          • Offices are located in Vanuatu and Seychelles, catering to clients in these regions.

          • Restricted Countries:

          • The broker does not accept clients from the USA, Belgium, North Korea, France, Australia, Israel, and Japan.

          Overall, while LeoPrime offers a variety of attractive trading conditions and services, potential clients should carefully consider the regulatory framework and the associated risks before engaging with the broker.

Latest Reviews

FX1079319478

FX1079319478

India

This broker is 100% scamer withdrawal all your fund

Exposure

2024-12-18

fxvo2200

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

2024-05-09

Mr. Rolex

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

2022-09-13

marcos.o

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

2023-11-02

Salman920

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

2023-08-18

Xtrader5077

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

2023-08-09

leo

News

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Exposure Leo Review: Allegations of Profit Reversals & Weak Customer Support

Is your forex trading experience with Leo no short of a financial disaster? Does the Hong Kong-based forex broker deliberately cancel your profits when asking for withdrawals? Do you frequently encounter the issue of a NIL forex trading account balance? Does the Leo customer support team fail to resolve your trading queries? In this Leo review article, we have investigated many complaints against the broker. Take a look!

Red Flag !! LeoPrime Does Not Pay Salary

Exposure Red Flag !! LeoPrime Does Not Pay Salary

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.

Can We Trust LeoPrime?

News Can We Trust LeoPrime?

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.

WikiFX Review: Something about LeoPrime- If you didn’t know, now you know.

News WikiFX Review: Something about LeoPrime- If you didn’t know, now you know.

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.

WikiFX report: LeoPrime’s Third Quarter Trading Volume Increases by Over 200% to $5.2 Billion

News WikiFX report: LeoPrime’s Third Quarter Trading Volume Increases by Over 200% to $5.2 Billion

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.

leo Forex Broker has an overall rating of 1.69, Regulatory Index 0.00, License Index 0.00, Business Index 7.75, Software Index 4.58 Risk Control Index 0.00.