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Introducing LEOPRIME
LEOPRIME is a forex brokerage firm based in Seychelles, specializing in giving traders the tools they need to participate in the forex market, including the buying and selling of foreign currencies. Often referred to as retail or currency trading brokers, firms like LEOPRIME enable retail traders to access the always-open currency market for speculation.
Not only serving individual retail traders, LEOPRIME also caters to larger institutional clients and corporations, such as investment banks, by offering forex and commodities brokerage services. LEOPRIME is renowned for providing direct market access to its clients through the standard straight-through processing (STP) and electronic communications network (ECN) methods for order processing.
LEOPRIME Account Types
Traders set up forex accounts with brokerages like LEOPRIME to facilitate trading on their platforms. The specifics of these accounts, including the number and type available, can vary based on the broker's jurisdiction, the trader's country of residence, and the country in which the brokerage operates.
Account characteristics differ in terms of spreads or commissions, the required minimum deposit, and exclusive services or benefits available to account holders. Islamic customers, for instance, are offered special swap-free accounts that comply with Shariah law.
Demo Account
LEOPRIME's demo account, accessible for free on MetaTrader 4 for a 90-day trial, provides an initial balance of $1,000 for risk-free practice.
Cent Account
The Cent Account requires a minimum deposit of $10 and offers MT4 Desktop/ MT4 mobile/ PAMM Trading Platforms with spreads starting from 1.6 pips. This account allows trading in 35 currency pairs, Gold, Silver, Crude, and Indices with a maximum leverage up to 1:1000. No commission and no Swap-free Islamic account option is available for this type.
Classic Account
The Classic Account is similar to the Cent Account in many respects but offers trading in additional assets like 4 Cryptos. It also provides a Swap-free Islamic account option.
Pro Account
A Pro Account requires a minimum deposit of $1,000, provides spreads from 0.0 pips, and levies a commission of $3 per standard lot traded. However, this account type does not offer a Swap-free Islamic account option.
ECN Account
The ECN Account requires a minimum deposit of $1,000, offers spreads from 0.1 pip, a leverage ratio of up to 1:200, and a commission of $6 per standard lot traded.
Deposits, Withdrawals, and Fees
LEOPRIME's Cent and Classic Accounts require a minimum deposit of just $10, while the Pro and ECN accounts need at least $1,000. LEOPRIME processes withdrawal requests within 24 hours, though it may take 1 to 5 business days to reflect in your bank account. No charges are applied for deposits or withdrawals.
Trading costs vary depending on several factors like spread, margins, and commissions. LEOPRIME's spreads start from 0.0 pips, and no deposit or withdrawal fees are charged. The ECN account incurs an additional commission of $6 per lot traded.
LEOPRIME Leverage and Bonuses
LEOPRIME allows maximum leverage of up to 1:1000. The company offers a 25% welcome bonus for the Classic account and a cashback program where traders can earn rebates for trades, depending on the number of lots traded.
LEOPRIME Trading Platforms
LEOPRIME provides MetaTrader 4 and MetaTrader 5 as trading platforms, known for their advanced trading and analytical technologies. Traders can trade in more than 45 currencies, spot energy contracts, spot metals, Stock Indices CFDs, and cryptocurrencies.
Is LEOPRIME Safe?
LEOPRIME is registered in Seychelles and regulated by the Financial Service Authority (FSA) of Seychelles. However, the brokerage does not hold a regulation from any renowned authority. The broker uses high-security technology to protect clients' data and financial transactions.
LEOPRIME's Unique Offerings
LEOPRIME offers additional tools like a VPS for free to those with an account balance over $1,000. They boast competitive spreads across all major & minor currency pairs, even during high volatility.
Despite being an offshore broker with registration only in Seychelles, LEOPRIME offers good trading conditions, a wide range of assets, and deposit methods with no additional fees. They also value their clients' time by providing an instant, transparent, and automated withdrawal system.
In summary, LEOPRIME, based in Seychelles, is a forex brokerage that offers robust trading platforms and account options, catering to both individual and institutional clients. With competitive trading conditions, a wide range of assets, multiple deposit methods without extra fees, and an efficient withdrawal system, LEOPRIME makes a compelling case as a forex broker. However, potential traders should exercise due diligence as LEOPRIME is an offshore broker and is not regulated by any top-tier financial authority.
