I wouldn’t recommend Leeloo Trading to any traders as of July 2023.
Leeloo Trading fell out of favor earlier this year, but from things I’m hearing at this point I would go so far as to say do not sign up with them. I’ve heard several recent stories of traders being denied payouts which they qualified for, being given requirements that once they met they were still denied.
There’s far too many legit companies out there, take your business elsewhere.
Since writing this article there have been lots of newer, better companies in the funded futures trader space, ones I would recommend over Leeloo Trading. Please visit my Funded Futures Trader Reviews as well as my Deals and Promotions page to see who I currently recommend to futures traders.
Leeloo Trading is another funded futures prop firm I passed in 2021. I’ve talked directly to their founder and CEO several times, and they definitely are committed to being one of the best out there. Learn more about Leeloo Trading in the following.
You can also read my review of Leeloo Trading here.
Also, be sure to check my Exclusive Promos page – I always have a discount on Leeloo Trading just for you!
Is Leeloo Trading Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not. Leeloo Trading has a long history of being in business, and is based right in the US. I also know several funded Leeloo Trading traders personally. As well I personally have been paid by Leeloo Trading every single month.
What Is The Profit Split With Leeloo Trading?
Leeloo Trading has keep the profit split simple with the first $8,000 100% the traders, and then 80/20 thereafter for Year 1, and 90/10 for Year 2 onwards. They reward their traders for staying long term with the higher payout ratio from year 2 onwards.
Is There A Daily Draw Down With Leeloo Trading?
Leeloo Trading does not have a daily draw down limit. They do have a trailing draw down which is what you need to be aware of through the trading day as it is live and based on open P&L. The amount of the draw down varies by account size.
What Are The Rules of Leeloo Trading to Pass?
The rules to pass are honestly pretty straight forward.
- Meet the profit goal for your chosen account size
- Do not violate the trailing draw down
- Do not trade more contracts than allowed
- Trade at least 10 days
That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.
What Are The Commissions For Trading Futures With Leeloo Trading?
The commissions vary by product and which software you use, if you visit the Knowledge Base of their site there is a list with the commissions and some examples.
What Software Can I Use For Leeloo Trading Evaluation?
Rithmic will be the data feed for Leeloo Trading. Rithmic does have their own software, RTrader Pro which is free. As well Leeloo Trading provides a free license of NinjaTrader to use as well.
On top of these free options, you can use any software package that is capable of connecting to Rithmic. There are several out there. For example I use Jigsaw Daytradr myself as an in depth order flow scalping tool.
How Do I Withdraw Money From Leeloo Trading?
Leeloo Trading withdrawals are easy to do. They have a full FAQs about it, but in general the process is:
- Withdrawals are processed once per month
- Place your request on the last Monday of the month
- Do Not trade after your request is made until the withdraw is taken from your account
- You will be paid the same week
What Happens If A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?
No. Please think about this for just a second.
First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the 80/20 split? If you are capable of making that kind of money you would not want to give up 20%. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.
Second, your $1 million isn’t coming out of the company’s pockets, they would be actual realized profits from trading. With Leeloo Trading you are in a fully funded account.
I think this question comes from people with delusions of grandeur more than out of a realistic situation.
What Products Can I Trade With Leeloo Trading?
Basically any CME Group listed futures product. Be sure to check their FAQs where they do list them out in detail. In general though, any futures CME Group product. You can not trade FX, stocks or options with Leeloo Trading.
What Are The Monthly Fees After Passing with Leeloo Trading?
Leeloo Trading charges $88 per month per account as a fee. This covers your data and withdrawal fees.
If I Break A Rule Can I Reset My Account at Leeloo Trading?
Yes if you break a rule during the evaluation phase you can reset your account for $85. You can reset as often as you need to. Keep in mind your monthly fee though as well. If you are close to the 1 month rebill it might make more sense to cancel and resign up.
Conclusion
Hopefully the above questions and answers cover most of the questions you may have about Leeloo Trading. Be sure to check out my Exclusive Deals Page for the latest Leeloo Trading promo!
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Risk Disclosure:
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
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.