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LeoPrime Review – is leoprime.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
Trading Accounts & Conditions
From 0. 1 pips + $6 / lot
LeoPrime is a forex broker which offers the account types listed above, plus a special Crypto and Multi-Account Manager (MAM) account s. All of them provide variable spreads and the option to trade in micro lots on the MetaTrader 4 platform.
MT4 platform supported
MetaTrader 4 is being offered by many brokers and there is a reason for that – its charting is amazing and has a variety of custom indicators . On top of that, there are multiple custom tools for the platform available. The most popular ones are the technical indicators and automated trading systems (better known as Expert Advisors).
LeoPrime’ s MT4. Click on the image to zoom in.
MT4 also has an excellent mobile app, available for both Android and iOS. It captures almost all of the functionality of the desktop.
Low initial deposit
LeoPrime requires just $10 as an initial amount from its clients. Such low initial investments are quite attractive, as they allow traders to test the broker’s services in live mode without putting much at stake.
High leverage ratios
While leverage is a controversial topic, having the option to use high leverage levels is nice. LeoPrime provides leverage ratios up to 1:1000, which is one of the highest in the forex industry. However, using it to the fullest might not be such a good idea, especially if you are a beginner. You can lose a lot on a single trade, so be careful.
Cryptocurrency CFDs available
Bitcoin and other altcoins have gained popularity la tely and there is a massive demand for it. LeoPrim e offers trading in the top fiv e cyptocurrencies in the form of CFDs. Bitcoin, Ethereum, Ripple, Dash, and Litecoin can be traded against US dollars on the broker’s crypto trading account .
I f you are keen on trading in Bitcoin, we would recommend some of the brokers listed below, as they are duly regulated (unlike LeoPrime)
Leo Prime Services Limited, doing business as LeoPrime, is a company registered offshore, in Vanuatu. It holds a license for dealing in securities, granted by the Vanuatu Financial Services Commission, however this is just a shiny piece of paper. Offshore brokers are generally to be avoided, due to the loose regulatory environment in which they operate.
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S preads above the average
When we tested LeoPrime’s demo Classic account, we found the spread on EUR/USD floating around 1.7 pips, which is slightly above the average in the forex industry. Most brokers offer spreads of 1.0 – 1.5 pips for this pair, and some even lower. For a real-time spread comparison, check the link provided below.
Indeed, the cost of trading on Leo Prime’s ECN accounts appears lower and quite attractive, but the initial investment is significantly higher.
Conclusion
LeoPrime is an offshore forex broker and that is its biggest disadvantage. Otherwise its offering is not bad and it does not seem like an outward scam. With LeoPrime you can trade in forex as well as CFDs on gold, Bitcoin, and more on the robust MT4 platform. You are offered high leverage levels and the initial deposit required is not high. Yet, LeoPrime’ s spreads are slightly above the average.
We always encourage our readers to trade with r egulated companies, because it is much safer. They have to f meet certain rules in order to guarantee the security of clients’ funds. Furthermore, brokers licensed in the European Union have to report their transactions. We like to give the United Kingdom’s Financial Conduct Authority (FCA) as an example of a top-tier regulatory agency.
From a trader’s point of view, the nmost important thing about regulation in the UK is the coverage by the Financial Services Compensation Scheme (FSCS). If a FCA-regulated entity becomes insolvent, the FSCS may compensate up to GBP 50 000 per client.
Here is our recap of forex broker LeoPrime:
MT4 platform supported
Low initial deposit
Spreads on Classic account above the average
High leverage levels
Cryptocurrency CFDs offered
Broker | Advantages | |||||||||||||||||||
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts. XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection. FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals. FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry. Techyv.comPrimeXCash Website Review: Is it Scam or Legit?Has anyone heard of primexcash? some of my friends invited me to try this HYIP (High Yield Investment Program) that is online and I will get great profits to it. This sounds suspicious and would want to know if this is legal and if it pays. Thank you for the help
PrimeXCash Website Review: Is it Scam or Legit?Hi MsJamie Cameron It is very hard to say about primexcash directly, but as you aware it is an online HYIP ( High Yield Investment Program ). HYIP is a type on investment plan, agreed to pay very high returns. They use the funds of the new investors to pay the agreed returns to the old investors. This is a linked chain & they can pay like this till they can attract new investors. But once the chain breaks (unable to attract new investors) entire thing will collapse. So this involves very high risk as well. In general these types of HYIPs are illegal in some countries. Hence my advice is to avoid from this kind of stuff whether it is legal or illegal, since it carries a high risk. Olymp Trade Review – Is it SCAM or LEGIT broker?OlympTrade
OlympTrade platform is a popular online trading platform, and has been serving customers since 2020. But what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there.
These are just the reasons why it’s this platform is popular among many investors, beginners included. I think that OlympTrade works the same way as IQ Option – profesional, reliable and real trading. If you are still interested as to why this platform is highly recommended, then we suggest that you read this OlympTrade review. OlympTrade’s professional trading platform Compared to other investing platforms out in the market (such as Binomo‘s), the Olymp Trade is a customized platform that was designed by experienced programmers, traders and financial analysts. The team also continually improves on its services, so customers can count on a platform that is working 24/7. The ability to customize is actually one of the best selling points of this platform. For example:
This is what you will see right after logging for the first time – Demo account ready to go! Aside from the visual effects of the charts, the technical settings can be configured as well:
Special Features of Olymp TradeOlymp Trade is considered a trading system that makes use of an online trading platform. The features and functionality offered respond to the needs of the customers, and most of these features will generally appeal to investors who are just starting out. Compared to other popular platforms in the market, Olymp Trade provides free registration, and all new members and investors are given 10,000 credits. The free credits can be used by the new member to try out the system and investing platform. Through the use of the demo account, customers can explore their trading skills and try out a few more strategies before trading for real money. The only thing an investor may notice is the absence of incentives. Instead of the usual perks, Olymp Trade provides low investments and starting trade. OlympTrade Offers a Demo AccountIt should be kept in mind that the platform also provides customers with a free demo, with 10,000 virtual dollars and this is given to the customer as soon as the account has been made. The free demo capability of this platform is welcome news for the beginners since they can try out a few trades. Also, there is no time limit to consider when using the free demo. Investors and customers of this platform can practice all they want without having the need to risk the money. Trading Terms Customers Should Know
At Olymp Trade, investors and customers can count on friendly terms which can be helpful in making the trades. When using the service, investors can count on minimum investments and faster withdrawals. Banking and Withdrawal OptionsOlymp Trade provides its customers with a number of options when it comes to deposits and withdrawals. When it comes to deposits, investors can choose from the following list of payment processors:
Withdrawals can be made from these payment processors as well. Here’s a note when using the banking option of this platform: you can make a withdrawal from the platform where you have completed the deposit. The maximum waiting time for a withdrawal request is 3 days, but the platform strives to complete the withdrawal in the fastest possible time. If you are a standard account holder of this platform, then the average waiting time is 1 day. But if you are a VIP member of this platform, then the average waiting time is just a few hours. OlympTrade In India and PakistanThis broker is really popular in these countries last year and we are getting more and more questions from Indian and Pakistan traders. So If you are from India or Pakistan and you are wondering if it’s possible for you to register with this broker, respond is – yes, you can trade with this broker! OlympTrade accepts Indian and Pakistan traders. And what more – this type of trading (options trading) are still attracting more and more people from these countries and it became a way, how they make money for a living. As it is written above, you have many possible ways, how you can withdraw/deposit to this broker (visa, MasterCard, Astro pay, Neteller, Skrill, Qiwi, Yandex money, web money, etc…). So you don’t need to worry about this – there is always a way, how to deposit and withdraw your money from the broker. OlympTrade in NigeriaWe are also getting a lot of questions from Nigeria and it’s kinda similar to the questions we are getting from the Indian and Pakistan traders. So – If you are from Nigeria (or another African country) you can trade with OlympTrade – it’s allowed. Deposit and withdraw methods are same as for any other country. For possibilities – check above. How to verify your account?If you are from Nigeria, India, Pakistan, UK, whatever, the process of verification is the same for everybody on this planet. We are getting more and more questions about “how to verify my account”, “what documents do they want” etc… Please read this below carefully and keep in mind, that the process of verification is still the same and same for everybody, so you don’t need to worry about anything! Let’s go. So to complete the verification (to withdraw your money) you need to send these documents:
Where to send the documents? Upon receipt of the verification request, all the necessary documents must be sent to the e-mail – [email protected] together with the login (the login is the email address) you put during registration. How long does verification take? Processing of the documents takes up to five business days. And the result of the document verification you will find on your email because you will receive an email with notification about the result. That’s it – If you need to help with the verification, let us know and we will try to help you. Types of Accounts Available on Olymp Trade
Helpful Trading ToolsOn top of the standard tools that are offered by the website, Olymp Trade also offers other friendly tools that can promote a satisfying trading experience:
Education and Training Within your ReachIf you sign up for an account with Olymp Trade, you are given the chance to access free resources that can be helpful in your growth as a trader. All members of this platform can use:
Our Educational MaterialsIf you don’t want to be dependent on your broker, you can simply go through our wide range of educational materials we prepare and offer on xBinOp.com. Click a button below to see more! OlympTrade on Social MediaOlymp Trade is one of the popular investing platforms that makes use of the social media. Social media platforms like Facebook and YouTube are used to the company’s advantage, and these platforms are used to distribute learning materials and resources to its members. Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube. With the use of the platform and the availability of massive educational resources, we can say that the Olymp Trade is a helpful platform for all types of investors. Today, the website is considered home by more than 6.5 million users, and more than 20,000 traders are active on a daily basis. OlympTrade Pros
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OlympTrade – Review author
More about the author Step
I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author
OlympTrade Details
✅ Broker | OlympTrade |
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✅ Website URL | www.olymptrade.com |
✅ Founded | 2020 |
✅ Trading Platform | Custom made platform |
✅ Minimum 1st Deposit | $ 10 |
✅ Minimum Trade Amount | $ 1 |
✅ Maximum Trade Amount | $ 5000 |
✅ Bonus | FREE DEMO ACCOUNT |
✅ Payout | 82 % for Standard, 90 % for VIP accounts* |
✅ Free Demo Account | |
✅ Regulated | |
✅ Regulation | Regulated by FinaCom |
✅ Account Types | Standard (10-2000 USD Deposited), VIP (2000+ USD Deposited) |
✅ Account Currency | USD, EUR, BRL |
✅ US Traders Allowed | |
✅ Mobile Trading | |
✅ Tablet Trading | |
✅ Overall Score | 4.9 / 5 |
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157 Responses to “Olymp Trade Review – Is it SCAM or LEGIT broker?”
That is a surprisingly low threshold for getting VIP account at Olymp. I’ve learnt that VIP customers get better payout rates at Olymp, not only personal assistant. 92% or 82% seem to make not that big difference, but in fact it is a huge difference that these 10% make. Unfortunately I don’t have that much spare money yet. My plan is to turn my $500 into $2000 and become a VIP client this way
Hi there. Its been apx 2 months now im trading with Olymp. I have no problem with Olymp so far. They have paid me for all the withdrawals so far on time. I had made apx 3000% profit within this period and all things are well. But the only problem i have with Olymp is the Trading limits. Whenever i try to execute trades with higher amounts, the account automatically get restricted. Then i wont be able to trade for cpl of days. When i tried to contact the Customer Care, they are asking me to trade with 1$-5$. But i want to give orders in 3 digits, and not one digit. Can some one help me to understand how to overcome this issue.
Can i conform that it will continusoly trade the account from different commedities ? and withdrawal amount should be initiating late to bank/card?
Hello am from Nigeria if I start trading with 10 dollars how much am I going to make as profit
Hi, this is Brayden (name changed). I have been trading with Olymp Trade for the past 41 days. My total investment is 73$. The best part is that I had already made my first withdrawal of 110$ and it got credited in my bank without any issues. So the best thing is that my capital is secured. Now I have $400+ in my account. I have ordered for a withdrawal of 150$, and its been 3 days now with a response from them that they are investigating my account to check if I have violated the law or not. Let them investigate if that is part of their process. I have no major complaints with Olymp so far. Some inconveniences are there everywhere. Even though I have secured my capital, I’m looking forward to make some profit and withdraw them. I’m currently working as a full-time trader. So ill be happy if things go well. My advice is that just study and understand the market and go ahead. Do not gamble. Demo trade first, and then invest a small amount and trade and learn with live money. Im in the forex industry for 12years. I’ll post a detailed review after 3 months of my usage with Olymp.
I come from Tanzania, I want to invest but I have no passport card
Don’t do it…..
Short answers for this question are not enough…
Let me give you brief about the realtime experience with olymp trade…-yes it may provide you some amount as winning amount in beginning…
But then after 3 4 wins and few losse ..
You cm to realise that… its actually a big hoax…you are fooled in the name of trading… you are simply playing bets for the trade going up or down….again , the app does every possible thing to catch you at your most vulnerable points of mobile usage like… screen lock, network loss, application switching and all other similar aspects… if you are in the middle of a trade and unfortunately your screen gets loked or so… when you switch on your screen, all your trades will be lost… this happened every single time when i had to lock my screen while trading.. infact i used to trade multiple bets in single go.. they all vanished without the trade being complited…
The same happens when you relode the app after app switching and network loss situation.
Also the app reads your psychology and trade behaviour and starts snatching money with altered algorithmic strategies.. at the end of the day… you will have nothing in your pocket…
In short.. beware..
They are big Cheaters…
Hello, do you have some bad personal experience or why you are saying this? Let us know. Thank you.
Olymp Trade works since 2020 and offers services in various markets. Personally, I have been working with them for 2 years and so far have not noticed any deception. I don’t know where you got it from, but it seems to me that either from slander on the Internet or from negative experience. If this is simply based on others thoughts, then this is bad, because you are simply misleading people. If you have a negative experience, then share trade does not offer guaranteed earnings or golden mountains to everyone, they offer a high-quality terminal and a set of tools for traders, as well as training for beginners. I am very sorry that often people perceive trading as a place where anyone can get rich, this is not so. But the brokers themselves are largely to blame, who in the 90s and 00s positioned trade as an opportunity to become rich. And many come to trade without learning, and then lose and blame respectable companies like Olymp trade. Just in order not to lose money, you need to study hard for a long time and not wait for millions on the first place.
Where to study and how to study olymp trade
Exness Review – Is this Forex broker scam or legit?
My personal experience with Exness
I would like to base this review on my personal experience of trading with Exness. I want to share my experience with you.
Finding a legitimate forex broker is not a big issue as there are many trusted brokers in this industry, but finding one that suits your trading strategy best, can be a difficult task. You can read all the reviews you want, about a broker; it simply can’t tell you everything that you need to know.
I have joined several forex brokers, some of them are the biggest brands in this industry; and off course, I did my research before opening accounts with them. With every broker, I found something to be missing. I use different strategies in trading; one requires tight spreads, another one works only with 1:1000 or more leverage [using too much leverage can wipeout your whole account, but if you have a good strategy, you can use it to squeeze maximum profit from a trade while risking only small amount of money.] Anyway, my point is that I need certain features to use each of my trading strategies; for instance, I need fast-trade-execution for one of my scalping trading strategies.
After trying several brokers, I finally tried Exness and I am glad to have found this broker as it offers everything that I need. Following is a list of features I was looking for in a forex broker:
- Tight spread
- ECN account
- High leverage
- Supports multiple deposit/withdrawal options including Skrill
- Does not disallow any trading strategies
- Fast trade execution
- Good client area
- Fast withdrawal process
- Small fee
- Offer different types of accounts
- Customer Service/Support
Tight Spreads
Exness is offering fairly tight spreads in all types of accounts. I wouldn’t call these spreads the best, but they are better than what many other brokers are offering. I would give Exness 8/10 for the spreads it offers.
ECN account
The ECN account at Exness is very good. The max leverage is 1:200. Spreads are very good. Exness deduct small commission on each trade. This account is very good for using scalping strategies. 9/10
High leverage
Official MAX leverage advertised at Exness is 1:Unlimited, but this there are certain conditions to meet if you want to use it. The feasible option is to choose 1:1000 if you have a strategy that requires using such high leverage! 10/10
Deposit/withdrawal options
Exness currently supports eight different methods [including Skrill, formerly MoneyBookers] for depositing and withdrawing funds. These include WebMoney, Wire Transfer, CASHU, Excard, NETELLER, and more… 10/10
Trading Strategies
As far as I know, Exness does not block the use of any legitimate strategies. 10/10
Fast Trade Execution
One of the reasons why I left several forex brokers is slow trade execution in their trading platform. If you are using a scalping or any other similar strategy, then you need fast trade execution. Exness trade execution is very good; it is much faster than many brokers I used. 9/10
Client Area
Out of all forex brokers I have used, Exness has the best features in client area. You can easily create multiple trading accounts, change leverage for any account, request withdrawal, and there are many other features! 10/10
Withdrawal
Exness is one of few forex brokers who offer Instant-Withdrawal options. You can receive funds in seconds, literally! Exness processes most withdrawal requests automatically. 10/10
Fee
Exness charges small fee, or commission, on trades you execute in an ECN account. Their fee is much smaller than what many other brokers are charging. 10/10
Account types
Exness is offering several different types of accounts. Each account has a different set of specifications. 10/10
Customer Support
Exness provide 24/7 support. Their live-chat representatives are very helpful. 10/10
As you can see, Exness has everything that I was looking for in a broker. It took me a while to find the perfect broker for myself, but I am glad I finally found one, namely Exness. However, it doesn’t mean that this broker is perfect for everybody; perhaps another broker will suit all your needs. It depends on what your trading strategies are and what features you are looking for in a forex broker.
My overall score for Exness is 9/10 .
Before joining any forex broker, do a thorough research; find the broker that is offering best trading conditions that suit your trading style/strategies.
There are some other features that you may find interesting; for instance, Exness, like many other brokers, is offering trading contests from time to time.
Scam or Legitimate?
You should not worry about the legitimacy of Exness. This forex broker is 100% legitimate; they can’t get more legit then this! I mean, Exness is a legit forex broker who will always pay you your own money as well as the profits you make. You should not worry about Exness scamming you as that is not even remotely possible. It is a trusted and registered forex broker.
Update: I forgot to mention the online reputation Exness have. ForexPeaceArmy is a website that I trust. If you are worried about the legitimacy of a Forex broker, then head straight to FPA. I am not asking you to blindly trust all reviews at FPA; however, they can hugely help you in your online research. Below is a screenshot of current rating of Exness at FPA:
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