LeoPrime Review 2025
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Updated:
Reason to avoid: Offshore license
Listed Date: January 25, 2024
Top 3 Forex Brokers
Beware Leo Prime is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: January 25, 2024
Beware Leo Prime is a Non-Regulated Broker. It is NOT SAFE to trade
No, Leo Prime is not a trustworthy broker as it lacks regulation. Leo Inc Limited has a registered office in Hong Kong, however, it is not regulated by the financial authority of the region - the Hong Kong Securities and Futures Commission (SFC). Besides, the broker is registered in Seychelles. It is a well-known fact that Seychelles is an offshore zone and engaging with unregulated or offshore brokers pose inherent risks due to the lack of stringent regulations and supervision.
🏢 Registered in | the Financial Service Authority |
🗺️ Type of License | Offshore |
🛡️ Is Leo Prime safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Leo Prime accommodates a wide range of trading services, enabling access to Forex, Spot Metal, Energies, Indices, and Stock trading. The broker claims to provide tight spreads and unmatched liquidity, provides a client-centric trading experience to every trader, and offers social trading. With Leo Prime clients can conduct their trades via market popular MT4 platform.
To reveal more about Leo Prime, we headed with our detailed research and came up with the following information:
Through thorough research, we have identified significant concerns regarding the dependability of Leo Prime and its adherence to regulatory standards. Consequently, we cannot issue a favorable rating for Leo Prime.
Ranking | Leo Prime | Trading 212 | Admiral Markets |
---|---|---|---|
Our ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Environment | Trading Platforms |
Given the apprehensions surrounding the reliability and security of Leo Prime, we strongly advise traders to explore alternative options that offer more rigorous regulations and improved trading conditions. Presented below is a list of reputable brokers that provide trustworthy choices and a secure trading environment for your consideration:
With Leo Prime clients can fund their accounts via multiple methods: Wire transfers, Credit and Debit cards, and e-wallets. The minimum deposit with Leo Prime is $10. Deposits or withdrawals are mostly carried out instantly. In case of delay, the process is completed within 24 hours.
Leo Prime offers its clients a wide range of account options, that fit different trading expectations. The broker's available account types are Classic, Pro, ECN, Cent, and Demo. The minimum deposit starts from $10 for a Classic account, whereas for other account types, the minimum deposit is higher, ranging up to $2000 (ECN account).
There are more differences in trading conditions for different account types that should be considered, based on the experience and trading expectations the clients have.
Upon analyzing the gathered information about Leo Prime, considerable uncertainties emerge regarding the broker's reliability and credibility. The lack of adequate regulation raises significant concerns, as the broker is only registered in Seychelles, which is an offshore zone and does not provide sufficient protection. Additionally, the abundance of negative client reviews should not be disregarded. It is advisable to prioritize brokers with stringent regulations, a favorable market standing, and transparent trading conditions.
To avoid risks often associated with trading through unregulated or offshore brokers, we always recommend choosing a reliable broker that holds licenses from reputable authorities like FCA, ASIC, or CySEC. Many regulated brokers are both reliable and have exceptional offerings, such as BlackBull Markets, Go Markets, and FP Markets.
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