2023 Update – I no longer actively recommend Leeloo Trading. There is nothing wrong with them, but there are just far too many better companies at this point. I would recommend checking out my Funded Futures Trader Reviews, and also my Deals and Discounts page for who I currently recommend.
Discount Alert! Leeloo Trading Discount
25% off ALL Evaluations! Click here to visit Leeloo Trading – Use Code CFT15
- Ongoing Promo!
- You can have multiple accounts all under 1 log in – as many as you like!
- Accounts as big as $300,000 (30 contracts!)
- Discount is for new sign ups
Leeloo Trading runs promos often, whenever they run a deal I will update here and on my Trader Evaluation Deals page!
I have to admit, Leeloo Trading is no longer the top of my list when it comes to trader evaluation companies. Now there is nothing wrong with them per se, and that is why they remain on my site. With lots of new competition in the funded trader evaluation space in 2022, other companies are just outshining some of the legacy companies like Leeloo Trading. You can find my Top 5 Recommended Trader Evaluations here.
Getting back to Leeloo Trading, I do still recommend LeeLoo Trading if they are your choice. They are by far a more affordable futures trader tryout program. There are no frills though, so if you are new to trading and would like a bit more hand holding in terms of trader education and a nice dashboard, then LeeLoo might be better down the road when you’ve worked out some of the kinks in your trading.
A big perk is the ability to have multiple accounts under 1 Rithmic log in. This allows you to use a trade coper such as Flowbots Replikanto.
Evaluations Available and Pricing
LeeLoo Trading has several evaluations available. I personally am a fan of the LeeLoo Express, but more about that in a bit (info as of June 2021). You can find this information on their main page as well: LeeLoo Trading
|Glide||$145||$100,000||20 micro/2 reg||$2,000||$625 static|
LeeLoo Express $77 – This Is What I Passed
LeeLoo Trading has 1 evaluation that is unique and different than any other trading evaluation program, named the LeeLoo Express. It is the same as the “Climb” account above – $100,000, 12 contracts, $6,000 goal, $3,000 trailing drawdown. The unique features though:
- It is 10 days and ONLY 10 days. You must complete it by day 10 or you don’t pass (all other programs you can take as long as you like).
- You get a refund of your $77 when you pass. This is the only program I know of that refunds your tryout fee.
I highly recommend this program to people if you don’t mind the 10 day hard limit. The fact you get your money back and the price is pretty much the lowest you’ll find out there it’s a hard deal to pass up.
The rules are pretty much the same as most evaluation companies. Reach the goal, trade a minimum of 10 days (which is shorter than all other companies minimum 15 days), and you will pass. Their trailing draw down is the biggest thing to watch – it is based on the highest possible profit you could have had.
So for example if your very first trade you are in shoots up to $2,000 in possible profit, then comes back down and you close out at $1,000 in profit, your trailing drawdown is moved up based on the $2,000. The best advice I can give you is set Take Profit goals, so if there’s a spike in price you’ll capture all that profit.
Read about it specifically on their site: LeeLoo Trailing Drawdown Explained
Funded Account Rules – 2 Types Of Accounts
Accelerator Performance Account (what I chose)
There’s quite a bit to their funded programs. The very basics are in the Accelerator you have to scale in and start with 2 contracts. You have a static drawdown of $625. As you make profit, you will open up more contracts. You have to trade a minimum of 30 calendar days before your first withdrawal.
Read all about it here: LeeLoo Trading – The Accelerator
Investor Performance Account
The investor account lets you trade your full contracts from day 1 (no scaling). There are fairly strict withdrawal limits though the first 4 months, it really is all about building up a balance and seeing the payday down the road.
Read about it here: LeeLoo Trading – The Investor
Funded Account Fees
Once you are funded, there are often fees to cover data and/or 1 time set up fees. LeeLoo Trading you have to pay $88 per month for data. This fee covers all markets (other companies charge per market). This is a monthly CME Data Subscription Fee.
LeeLoo allows you to have multiple funded accounts. If you have more than 1 account, you do have to pay the data fee per account.
Funded Account Withdraw Frequency & Methods
Since LeeLoo Trading’s withdraw rules vary based on whether you are in Accelerator or Investor Performance Accounts, I won’t get into all the specifics on limits as they are mentioned above. Basically though withdrawals are processed once per month on the last Tuesday or Wednesday of the month.
Withdraws are done by paper check, bank wire or PayPal. There are no fees for withdrawals. PayPal withdrawals are limited in amount to max of $2,000.
Pros of LeeLoo Trading
- Low cost – by far the most affordable of the trading programs
- Refund on the LeeLoo express on passing
- 10 day evaluations – all others are 15 days
- A 90/10 split from the start on profits – 90% to you
- First $12,500 is yours to keep
- You can have multiple funded accounts
Cons of LeeLoo Trading
- The trailing draw down can be difficult to manage depending on your style – read about it
- No frills – no trader education materials or dashboards with status
- Newer competition does things better – see my Top 5
Unique Standout Features
- LeeLoo Express – 10 days, refund your tryout fee when you pass
- They fund their own traders so it is a quick turn around on funding
- You can grow your account beyond the contract limit you tried out for
- There are 2 performance (funded) account types to choose from
Be Notified Of New Trader Evaluation Promotions
Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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