Lepus Proprietary Trading has garnered attention in the trading community for its unique approach to prop trading, offering aspiring traders a chance to trade with the firm's capital. However, reviews reveal mixed sentiments about its operations, particularly regarding its funding requirements and profit-sharing model. Key features include a three-month evaluation period and a profit split of 50%.
Note: It is crucial to recognize that Lepus operates under different entities across regions, which may affect regulatory oversight and user experience. We have taken a balanced approach to present a fair and accurate assessment of the broker.
Ratings Overview
We score brokers based on a combination of user feedback, expert opinions, and factual data from various sources.
Broker Overview
Founded in 2013, Lepus Proprietary Trading is an Australian proprietary trading firm based in Melbourne. It specializes in providing aspiring traders with access to its capital, allowing them to trade various financial instruments. The firm utilizes the popular MetaTrader 4 (MT4) platform, which is widely recognized for its user-friendly interface and robust trading tools. Lepus primarily focuses on forex, indices, and commodities, but does not offer cryptocurrencies or stocks. Notably, it partners with Ox Securities, a regulated broker, to facilitate its trading operations.
Detailed Section
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Regulatory Regions: Lepus operates in Australia but lacks a specific regulatory license. While it partners with Ox Securities, which is regulated by ASIC, some reviews express concerns about the absence of direct regulatory oversight for Lepus itself.
Deposit/Withdrawal Currencies: The firm accepts deposits in AUD and USD, but specific information regarding cryptocurrency transactions is not available.
Minimum Deposit: To participate in the funding challenge, traders must deposit a minimum of AUD 2,000, which some users find steep compared to other prop firms that do not require an upfront deposit.
Bonuses/Promotions: Currently, there are no notable bonuses or promotional offers mentioned in the reviews.
Tradeable Asset Classes: Lepus allows trading in forex, indices, and commodities but explicitly excludes cryptocurrencies and stocks, which may limit diversification for some traders.
Cost Structure: The firm has no participation fees, but traders must manage their accounts based on real money, which introduces a level of risk. The profit-sharing model offers a 50% split, which is considered below average compared to competitors like FTMO, which offers up to 90%.
Leverage: The maximum leverage is capped at 1:30, aligning with regulatory standards but limiting potential gains for traders looking to maximize their exposure.
Allowed Trading Platforms: Lepus exclusively uses the MT4 platform, which is well-regarded for its comprehensive trading tools and capabilities.
Restricted Regions: While specific restrictions are not detailed in the reviews, the lack of a regulatory license may raise concerns for global traders.
Available Customer Support Languages: Customer support is primarily offered in English, with limited options for non-English speakers.
Repeated Ratings Overview
Detailed Breakdown
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Account Conditions: The requirement of a minimum deposit of AUD 2,000 can be a barrier for many aspiring traders. While this is intended to assess a trader's skills, some reviews highlight that it is higher than what many other proprietary firms demand, which may deter potential clients.
Tools and Resources: Lepus provides a range of educational resources, including one-on-one mentoring and access to over 50 hours of video content. However, the courses are priced at a premium, which may not be feasible for all traders.
Customer Service and Support: Reviews indicate that customer service could be improved. The absence of live chat support and limited language options have been cited as drawbacks, potentially affecting the overall user experience.
Trading Setup (Experience): The trading experience is generally positive, particularly with the MT4 platform. However, the restrictions on trading strategies, such as banning grid and martingale methods, may frustrate some traders who prefer these approaches.
Trustworthiness: The lack of a specific regulatory license for Lepus raises concerns about trustworthiness. While the partnership with a regulated broker offers some level of assurance, the absence of direct oversight could be a red flag for potential clients.
User Experience: Overall user experiences vary, with some traders appreciating the educational resources and trading environment, while others express concerns about the funding requirements and profit-sharing model.
In conclusion, Lepus Proprietary Trading presents a compelling opportunity for traders willing to invest in their skills and capital. However, potential clients should carefully consider the funding requirements, profit-sharing structure, and lack of regulatory oversight before committing. As highlighted in various reviews, the firm's unique approach to prop trading can be both an advantage and a disadvantage, depending on individual trader needs and expectations.
