LeeLoo Trading Review for 2024
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Last Updated: May 9, 2023
Cost:
$77-$675
Current Big Discount:
90% off with Promo Code: LLDEAL (Until May 16th)
One-Time PA Fee is reduced to $119 (Until May 31st)
Instruments:
Futures
Multiple Accounts:
Up to 6 evaluation accounts
Days to Funding:
10, or instant!
Package:
Ninjatrader, Rithmic
Highlights:
Only 1 Step, No Daily Drawdown, Trade News, Multiple Accounts ONE login, Free Ninja License Key
What is LeeLoo Trading Funding Program?
LeeLoo is a fast-growing trader funding company out of Montana that's owned by a family of farmers. Ranchers with almost a hundred years in combined commodities trading and business experience have come together to create a new and simple trading exam company. Their hard work, values and wish to support the community is what truly stands out with Leeloo Trading prop firm.
Leeloo trading accounts provide some of the best value in the industry measured by the amount of funding to fee ratio. Trading accounts range from 2 mini contract accounts to 30 contract accounts with an allowed drawdown of $7500. They also have incredibly competitive pricing for their programs: from $77 for 14 days all the way up to $675 per month. Leeloo is also known to reward traders interested in their programs with promotions from time to time. You can find the Leeloo Trading discount code below.
Leeloo offers several types of trading accounts for aspiring traders; let’s take a look at their most popular one and talk about all the rules or lack thereof.
Leeloo May 2023 Deals
We've got some fantastic news for you! Leeloo is offering some amazing deals and a thrilling competition this May, and I couldn't wait to share them with you. Here's the scoop:
- Leeloo Bundle (LB) Sale: Get a whopping 90% off on all Leeloo Bundles until May 16th, 11:59 pm EST. Take advantage of this incredible offer!
- One-time Performance Account (PA) Fee Discount: The one-time PA fee has been reduced to just $119, available through May 31st. No code is needed; take advantage of this fantastic deal.
- Ignite Practice Account Promotion: The Ignite Practice Account is now available for only $49 through May 16th. Use the code CP5NZJKX at checkout and ignite your trading journey!
New Competition (CM): A thrilling competition is live through May 19th! Each entry costs $85, but active Leeloo traders can enter for just $20 using the code SNVA4KG3. There are unlimited entries per trader. Suppose you purchase five LB Bundles; email support@leelootrading.com to receive a code for $5 per CM entry, with up to 5 uses per trader. Prizes are:
- 1st place: $3,500
- 2nd place: $2,500
- 3rd place: $1,500
- 4th to 10th place: $200 each (for the highest account balance without hitting the drawdown). Remember, you can win multiple prizes!
Trading Requirement: A minimum of 5 trading days is required to qualify for these offers, valid now through May 31st.
Practice Account Reset Sale: Need a reset? Enjoy a 55% discount on all practice account resets with the code D5Q6WATB.
Leeloo Straight to PA Account
For a limited time, Leeloo is having a $100 OFF promotion on $25K Straight to PA accounts. This means that for $299 you can bypass the evaluation stages and go right into trading with a real account. When you sign up and pay the $299, you will be asked to select a monthly plan of $88/month or pay a one-time fee of $150 which is discounted from previously being at $250. This offer is valid until the end of the February of 2023.
Leeloo Trading Promotion
LeeLoo Special Deal: 15% OFF with the coupon code NIROKJN4
Leeloo Trading Accounts Overview
Side by Side Comparison of Leeloo Trading Accounts
| Leeloo Express | Aspire | Launch | Climb | Cruise | Burst | Explode | Glide | Micro | |
|---|---|---|---|---|---|---|---|---|
| Funding | $100,000 | $25,000 | $50,000 | $100,000 | $150,000 | $250,000 | $300,000 | $100,000 |
| Mini Contracts | 12 | 3 | 8 | 12 | 15 | 25 | 30 | 2 |
| Micro Contracts | 120 | 30 | 80 | 120 | 150 | 250 | 300 | 20 |
| Profit Target | $6,000 | $1,500 | $2,500 | $6,000 | $9,000 | $15,000 | $20,000 | $2,000 |
| Trailing Drawdown | $3,000 | $1,500 | $2,500 | $3,000 | $5,000 | $6,500 | $7,500 | $625 |
| Reset Price | 25% Discount | $85 | $85 | $85 | $85 | $85 | $85 | $85 |
| Cost | $77 for 14 Days | $150/month | $180/month | $220/month | $305/month | $525/month | $675/month | $145/month |
The Leeloo Express Practice Account
This is a $77 account that gives you ten days to get to the Leeloo Performance Account. Since the minimum trading days needed to qualify is 10, and the maximum possible trading days given to you is 10-11, you need to get to your goal in 10 days. While it is a low-cost option, it does not mean that it is the easiest one. It is highly advised that you steer clear of weeks where you have US holidays in them to decrease the possible confusion. The only half days that Leeloo will make exceptions for are December 25th, January 1st, and Good Friday.
Parameters
You can get up to 12 contracts
Target Profit of $6,000
$3,000 maximum trailing drawdown
Instruments
Trade products within the CME, COMEX, CBOT, and NYMEX Bundles.
What you need to know:
Be consistent with reaching your $6000 profit goal, and your subscription fee will get refunded. This means that you will qualify for the Performance Account free of charge.
If your trading results are not as good as you would like and you didn't make it to the profit goal, you can purchase a subscription of greater or equal size and continue trading. Leeloo Trading will then do the following for you:
- Credit your account with the profit you made during the trial.
- You will receive a 25% discount on your first month's subscription.
The 2nd point gets a little tricky since it's very time-sensitive. You will need to submit a Leeloo Trading support ticket on the final day of your Leeloo Express Practice Account and provide the dates that you were trading on.
Example:
If you have earned $3500 in the last ten days, you can choose to have $3500 added to your paid evaluation. This option requires you to choose a paid subscription evaluation equal to (12 contracts) and greater than the 14-day trial account. You cannot roll into an Express promo.
What happens if you fail?
Like the scenario above, where you might run out of time to hit the profit target, you can also try one of their monthly evaluation plans, giving you more time. You will still receive the 25% discount once only. The discount must be requested before your Leeloo Express Practice Account expires. Send a ticket before the expiration date to the support team, and they will take it from there.
Leeloo Trading App
Despite Leeloo Trading already having a solid community and great reviews online, they decided to step up their game. Leeloo was kind enough to develop an app that allows them to do just that for traders who might be facing an emergency and cannot close their trades from their computers. This app is available on Apple Store and Google Play Store.
On Google Play Store, this app has over 1K downloads. On Apple Store, it has a 4.4/5.0-star rating out of 5 ratings. While the only person on the Apple store said that they love the app, we saw some mixed reviews on Leeloo Trading Facebook page about the app experiencing technical difficulties of users not being able to log in.
Since the Leeloo app is in its early stages; still, many improvements are possibly approaching soon. On the Apple Store, the version is marked as 0.0.2, which means that the app is in its Beta version (it is being tested). However, the great thing is that the app is completely free.
Leeloo Trading Rules and Definitions
Balance - All accounts have a starting balance, for instance: $150,000; the balance reflects the number of funds advised to have in an account to trade with the leverage available by this funding project.
Position sizing - 15 minis refers to the maximum number of contracts a trader can have during the trading exam. Max position size is available to be used immediately from the first trade. Unlike a lot of competition, you need to build up profits to unlock full advertised account leverage. You do not have to use the full leverage all the time. Traders can have one mini contract position through the whole trading test.
If market conditions call for even smaller positioning, you can trade micro contracts. LeeLoo generously allows traders to trade ten micro contracts for every 15 available in mini contract leverage. Macros allow for great position sizing control and reduced risk in dangerous environments.
Profit Target - the number of profits required to reach a real money opportunity. In this case, the trader would need to reach a $159,000 balance.
Duration - trader needs to place at least one trade during ten different trading days. After completing day 10, the trader will be awarded a live funded account if the drawdown wasn’t violated and the profit target is reached.
Drawdown - LeeLoo trader funding program features trailing drawdown. The minimum balance that is not allowed to be crossed will trail high account balance high by $5000. This includes open and closed positions. Trader, one of the software, allows the trader to track this limit live.
LeeLoo traders are allowed to trade and get multiple accounts funded, a great way to spread out risk or aggressively push the available leverage.
How Does LeeLoo Trading Funding Stack Up Against Other Programs
LeeLoo trading program has some significant advantages in the trader funding industry:
- You are free to trade your strategy. There is no need to submit any kind of trading plan or adhere to strict rules from the potential trader prop firm.
- Single-step evaluation process. There is no need to complete multiple steps and access funding as quickly as tencan trading days.
- Trade during the news and holidays. Many funded trader programs will punish you for having a position during the news, not LeeLoo. Trade when and how you want
- Multiple accounts under one main account
- Receive 100% of the first $8000 in live trading profits.
- Live trading account profit split is now 90/10 in favor of the trader. When making a withdrawal, traders will receive 90% of the profits, with only 10% going to the firm.
- You are not penalized for trying to trade too many contracts. Many funded trader programs will fail your trading exam when the maximum allowed contract size is exceeded. At LeeLoo, if you happen to place too many orders, the risk manager will simply reject the excess size, and you may continue trading.
What is Included With LeeLoo Trading Funding?
Live Trading data and Ninja license key are included in the program fee.
LeeLoo also has an Express Promo Evaluation option - a 14-day express test that currently only costs $77. If a trader successfully tackles the rules of the trading test, Leeloo will refund the trading fee! A chance to get access to funded account trading for free let’s see what the express test requires.
- $6000 profit target
- $3000 trailing drawdown
- 12 contract maximum position size. Traders can also manage risk by breaking up the position into micros. A maximum of 120 micro futures contracts is allowed to be traded.
Express promotion evaluation traders are not subject to additional rules, unlike regular trader evaluation programs.
Glide Micro Trader Exam
Trailing drawdown does not fit all trading styles, so LeeLoo offers a Glide exam where drawdown is static and does not trade. In the Glide account, traders can trade a maximum of 2 minis or 20 micro contracts.
The non-trailing drawdown program has a $2000 profit target and a $625 static drawdown.
Reset
Traders are allowed to reset their trading exam account to original parameters for only $85. Very valuable, especially for high-priced accounts. Instead of signing up and paying the full fee, you can restart for a fraction of the cost.
Summary of LeeLoo program value:
- Express test allows you to access a real live money trading account for free with a refundable virtual brokerage account setup fee.
- LeeLoo offers great value; its150k virtual balance trading exam account ranks as #2 best value in available drawdown per fee paid.
- High available leverage. From day one, a trader can execute with maximum position size. Using too much leverage is very dangerous and poses a high risk. However, it is nice to access it when market conditions are favorable and time to push for maximum gains. LeeLoo is one of the industry leaders in available contracts to trader vs. trading exam fee paid.
- Simple funding process - minimal rules, maximum freedom, single drawdown amount, single step to get funded.
- Track record - we now have a confirmed record of funding companies making timely payouts to live traders worldwide.
Frequently Asked Question About LeeLoo Trading
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