Leeloo Trading, a proprietary trading firm, has established structured rules and guidelines to promote secure and systematic trading, fostering a cooperative relationship between the firm and its traders. Trading Funder’s analysis highlights how these regulations are designed to encourage discipline, consistency, and effective risk management. Traders who meet Leeloo Trading’s benchmarks can earn real payouts through performance-based contests.
Leeloo Trading implements precise rules across various account phases, including evaluation phases such as Foundation (LL), Bundle (LB), Entry (LE), and Weekly (WL) accounts, as well as funded account phases like the Investor and Accelerator accounts, branded as the Leeloo Performance Account™ (PA).
Our team at Trading Funder found that the 4 Key trading rules include maintaining an account balance above the rising trailing max drawdown, adhering to minimum trading days, and following approved trading times and instruments, with the ultimate goal of achieving the predetermined profit target.
Leeloo Trading, unlike some firms, does not enforce a consistency rule, instead emphasizing flexibility and focusing on diverse performance metrics. The firm applies a scaling plan rule only to traders funded through an accelerator account.
Leeloo Trading’s payout and withdrawal rules feature a profit-sharing arrangement that benefits traders. The withdrawal procedures are straightforward, ensuring traders can access their earnings efficiently.
In this article, Trading Funder reviews Leeloo Trading’s rules and objectives during both the evaluation and funded account phases, and examines the specific payout and withdrawal rules within Leeloo Trading.
What are the rules for Leeloo Trading’s Evaluation?
Leeloo Trading Evaluation rules refer to the specific guidelines, criteria, and conditions set by Leeloo Trading for traders participating in their proprietary trading program. Traders must follow Leeloo Trading’s rules to qualify for funding opportunities and ensure disciplined, risk-managed trading within the platform’s parameters.
The 4 Key trading rules when trading on evaluation accounts, including Foundation accounts (LL), Bundle accounts (LB), Entry accounts (LE), and Weekly accounts (WL), encompass maintaining account balance above the rising trailing max drawdown, adhering to minimum trading days, and following approved trading times and instruments.
The following table provides the specific rules applicable to Foundation accounts (LL), Bundle accounts (LB), Entry accounts (LE), and Weekly accounts (WL) in the Leeloo Trading Evaluation Account:
| Rules | Foundation accounts (LL) | Bundle accounts (LB) | Entry accounts (LE) | Weekly accounts (WL) |
|---|---|---|---|---|
| Trailing Drawdown | The Rising Trailing Max Drawdown | The Rising Trailing Max Drawdown | The Rising Trailing Max Drawdown | The Rising Trailing Max Drawdown |
| Trading Days | Minimum of 10 trading days | Minimum of 10 trading days | Minimum of 10 trading days | Minimum of 10 trading days |
| Trading Times | Should be closed between 17:00 and 18:00 EST | Should be closed between 17:00 and 18:00 EST | Should be closed between 17:00 and 18:00 EST | Should be closed between 17:00 and 18:00 EST |
| Allowed Instruments | All CME (CME, CBOT, NYMEX, COMEX) Futures assets | All CME (CME, CBOT, NYMEX, COMEX) Futures assets | All CME (CME, CBOT, NYMEX, COMEX) Futures assets | All CME (CME, CBOT, NYMEX, COMEX) Futures assets |
As the table shows, the rules are the same for Foundation accounts (LL), Bundle accounts (LB), Entry accounts (LE), and Weekly accounts (WL).
1- The Rising Trailing Max Drawdown
In Leeloo Trading’s rules, the Rising Trailing Max Drawdown, or as Leeloo Trading terms it, the Limited Trailing Minimum Account Balance (LTMAB) or Auto Liquidate Threshold Value (ALTV), is a pivotal risk management rule. This Leeloo Trading rule adjusts the maximum drawdown limit upward based on the account’s highest unrealized profit, ensuring compliance with Leeloo Trading’s risk parameters. Leeloo Trading enforces that if an account’s balance declines to the preset drawdown limit from its profit peak, this could automatically liquidate positions under Leeloo Trading’s rules.
As per Leeloo Trading’s example, if an account hits a $103,000 peak, the Leeloo Trading drawdown rule sets a $3,000 margin below this peak. A fall to $100,000 triggers this limit, adhering to Leeloo Trading’s automatic liquidation guidelines. Conversely, should the balance rise to $106,000, the drawdown adjusts to $103,000 under Leeloo Trading’s rules, maintaining a $3,000 gap from the new peak.
The table below shows the rising trailing max drawdown value for each Leeloo Trading account size:
| Account Size | Trailing Drawdown |
|---|---|
| $25K | $1,500 |
| $50K | $2,500 |
| $100K | $3,000 |
| $150K | $5,000 |
| $250K | $6,500 |
| $300K | $7,500 |
| $100K Express | $3,000 |
| $100K Static | $625 |
2- Minimum Trading Days
Leeloo Trading mandates that trading must be demonstrated on at least 10 U.S. market hours trading days, emphasizing that only days actively traded count towards this requirement. There is no maximum limit to the number of trading days. All 10 days of activity must occur on the same account number that met the target, and activities across multiple account numbers cannot be combined. For instance, trading for 6 days on one account and 4 days on another does not meet the requirement.
3- Trading Hours
Leeloo Trading designates its trading hours, also known as trading times, to coincide with global financial market operations. These hours are determined not by calendar days but by market days, starting with the opening of the Asian markets and concluding with the closure of U.S. markets. This period extends from 18:00 EST until 17:00 EST the next day, reflecting the global nature of trading and the interconnectedness of international markets.
4- Allowed Instruments
Leeloo Trading offers a wide array of financial instruments and markets, including all CME (CME, CBOT, NYMEX, COMEX) Futures assets. This includes equity futures (like the E-mini S&P 500 and E-mini NASDAQ 100), interest rate futures (such as 2-Year Notes and 10-Year Notes), currency futures (including the Australian Dollar and Euro FX), agricultural futures (such as Corn and Lean Hogs), energy futures (like Crude Oil and Natural Gas), metal futures (including Gold and Silver), micro futures (like Micro E-Mini S&P 500), and cryptocurrencies (Bitcoin and Ethereum).
What is Leeloo Trading’s Evaluation Objective?
Leeloo Trading’s main objective is for traders to hit a profit target in their practice accounts. This target shows if traders can make money following Leeloo’s rules. When traders meet or beat this goal, Leeloo’s system tells the team, marking success. If traders don’t hear back within 48 hours after reaching the goal, they should check with Leeloo. If traders lose too much, they can pay to try again, starting over from the website.
The table below shows the profit goal for each account size:
| Account Size | Profit Target |
|---|---|
| $25K | $1,500 |
| $50K | $3,000 |
| $100K | $6,000 |
| $150K | $9,000 |
| $250K | $15,000 |
| $300K | $20,000 |
| $100K Express | $6,000 |
| $100K Static | $2,000 |
what are Leeloo Trading’s Performance Account™ rules?
Leeloo Trading’s Performance Account™ rules refer to the structured guidelines that govern using Leeloo’s funded trading accounts, which are the Investor and Accelerator accounts.
The Leeloo Trading’s Performance Account™ rules cover 4 main aspects, including maintaining account balance above the max drawdown, respecting the scaling plan, and following approved trading times and instruments.
Unlike the evaluation phase, Leeloo Trading’s Performance Accounts don’t have minimum trading days, and traders can trade 3 micro contracts overnight.
The following table outlines the specific Leeloo Trading rules applicable to the Investor and Accelerator funded accounts:
| Rules | Investor Account | Accelerator Account |
|---|---|---|
| Drawdown | Rising Trailing Max Drawdown, stops rising once a certain profit level is reached | Fixed max loss, no trailing drawdown |
| Scaling Plan | none | Respect the maximum level of contracts |
| Trading Times | All trades must be flat 15 minutes before market close, unless only 3 micro contracts are traded. | All trades must be flat 15 minutes before market close, unless only 3 micro contracts are traded. |
| Allowed Instruments | All CME (CME, CBOT, NYMEX, COMEX) Futures assets | All CME (CME, CBOT, NYMEX, COMEX) Futures assets |
What are Leeloo Trading’s Performance Account™ objectives?
Leeloo Trading’s Performance Account™ objectives refer to the structured goals within the Leeloo Performance Account system so that traders can withdraw their profits.
The 2 main objectives of the Leeloo Performance Account™ are to reach a set profit target and to trade on at least 30 different days.
The table below shows the objectives for the investor-funded account and the accelerator-funded account:
| Objective | Investor | Accelerator |
|---|---|---|
| Profit Target | $1000 | $2000 (Phase 1) |
| Minimum Trading Days | 30 days for 1st payout, then 10 days monthly | 30 days for 1st payout, then 10 days monthly |
Does Leeloo Trading have a consistency rule?
Yes, Leeloo Trading has a 30% Consistency Rule, but it applies only to performance accounts, not practice accounts. This rule is designed to prevent traders from making a single day’s profit that exceeds 30% of their total profit, encouraging steady growth rather than risky, large profits. Additionally, Leeloo has a policy against “flipping” — making trades just to meet activity requirements — with such trades not exceeding 5% of trading days.
Does Leeloo Trading have a scaling plan rule?
Leeloo Trading incorporates a scaling plan rule for traders, particularly noted in the context of the “Accelerator” program. For example, a trader qualifying with a 12 contract account must follow a scaling plan rule, starting with fewer contracts (2) and gradually increasing to the maximum number of contracts allowed (12). After scaling up through 2, 3, 4, 5, and 8 contracts and achieving a balance with at least $10,000 profit, the trader must pause for 60 days, during which they can trade no more than 12 contracts.
what are Leeloo Trading’s withdrawal/payout rules?
Leeloo Trading’s withdrawal and payout rules and policies refer to the specific guidelines and procedures established by Leeloo Trading for traders using their platform to withdraw their earnings from their trading accounts.
The Leeloo Trading withdrawal policy includes the following rules and key points:
- Withdrawal Policy for Leeloo Performance Accounts:
- Payouts are processed free of charge, with Leeloo covering any fees charged by the payment platform Rise. However, fees charged by the trader’s financial institution for receiving the payout are the trader’s responsibility.
- Payout requests are to be made on the last Monday of the month, with payouts processed in the same last week of the month.
- Traders can request the first payout after a minimum of 30 traded days upon meeting specified benchmarks, with subsequent payouts requiring 10 traded days per month.
- Withdrawal Methods:
- Payouts from Leeloo Trading are processed through the Rise platform, with options for direct payments to bank accounts and cryptocurrency wallets.
- Payout Amounts and Limits:
- No minimum or maximum amount restrictions for payouts once per 30 traded days for the first payout and then 10 traded days per month on subsequent payouts.
- Traders are entitled to 100% of the first $12,500 payout; above this amount, the trader receives 90% of the profit requested.
- The minimum account balance limit is adjusted up to $100,100 if a payout is requested before reaching $102,000.
- Additional Notes:
- Leeloo does not offer payouts via cryptocurrency due to its volatility.
- It is the trader’s responsibility to confirm with their bank the ability to receive payouts before purchasing any account with Leeloo.
- Due to OFAC sanctions, Leeloo may be unable to offer services to traders in specified countries.
- Restrictions:
- Due to volatility in cryptocurrencies, Leeloo does not offer payouts via crypto.
- OFAC sanctions may restrict Leeloo from offering services to traders in specified countries.
Is Leeloo Trading a Regulated Company?
No, Leeloo Trading is not a regulated company in the same way financial institutions or brokers are. It is a proprietary trading firm that provides a platform for traders to showcase their trading skills through evaluations and contests. Proprietary trading firms like Leeloo do not fall under the strict regulatory oversight required for financial brokers or exchanges that hold client funds. Instead, Leeloo operates within the trading industry’s standards and practices, focusing on simulated trading environments and not directly handling client investment funds for public trading.
Is Leeloo Trading a legit Company?
Leeloo Trading is legit. Founded by Jody Dahl in 2020 and based in Roundup, Montana. Leeloo Trading has earned a strong reputation, underscored by a 4.9-star rating on Trustpilot from over 300 reviews, with the vast majority being positive. The firm is praised for its supportive customer service led by CEO Chris, flexible trading rules, and attractive payouts. Leeloo offers a range of account sizes, from $25,000 to $300,000, along with unique bundles for traders. Despite the lack of an educational center and a monthly withdrawal limit, its straightforward rules, including a trailing drawdown and profit targets, contribute to its appeal. Leeloo’s commitment to transparency and user satisfaction, evidenced by the ability to trade on platforms like Rithmic or NinjaTrader and the provision of multiple account options, further affirms its status as a trusted entity in the trading community. Read our detailed review of Leeloo Trading’s legitimacy.
Conclusion on Leeloo Trading rules
Leeloo Trading offers a structured yet flexible approach, making it a solid option for traders seeking a straightforward evaluation process. With a focus on risk management through the Rising Trailing Max Drawdown, traders are encouraged to balance discipline with flexibility, especially since there’s no strict consistency rule. Leeloo’s payout policies, allowing for significant profits with few restrictions, further enhance its appeal. As the Trading Funder team, we recommend Leeloo for traders looking for a balance of accessibility and profit potential, particularly those interested in diverse futures assets without the hassle of rigid consistency rules.
