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LeeLoo by Natural Trading (anybody used them before?)


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LeeLoo by Natural Trading (anybody used them before?)

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  #1 (permalink)
North vancouver
 
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I was wondering if any fio members tried LeeLoo funding program.
@TickSanity mentioned about them in this forum and I haven't heard anything else.
I am just curious if anyone made it through the program and got funded.

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  #3 (permalink)
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Never heard of it went to the home page and thought i was watching a trailer for comedy movie

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  #4 (permalink)
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Looking at TickSanity's posts - only four posts, across two consecutive days on the OneUp thread, all talking about how great Leeloo is??

I'll go with RDK91 on this one until proven otherwise.

RDK91 View Post
Actually i have not included Leeloo in to the consideration since there is little to no information about them to be found online and their website looks really shitty with no information about the challenge and stuff like that.

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  #5 (permalink)
Austin Texas
 
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skfutures View Post
I was wondering if any fio members tried LeeLoo funding program.
@TickSanity mentioned about them in this forum and I haven't heard anything else.
I am just curious if anyone made it through the program and got funded.

Those of us who are subscribers had gotten this info via email... but yeah they said they are updating their website this week.

Leeloo Funding FAQ Paper Trading Evaluation and Rules
Paper Trading Evaluation Phase – Rules and Information


A Trader must go thru the steps and follow the rules below within a paper trading account prior to becoming eligible as a ‘funded trader’. Below are the Paper Trading Evaluation-Phase Rules and Information.

When you Sign Up

When you create a package with us, please make note of the date you signed up as well as the date your month will expire. We do not ‘auto renew’ so traders must keep note of when to renew if they would like to continue. For instance if you signed up May 5 you will want to renew early the morning of June 5 or contact us the night prior and we can help you get renewed so you receive no lapse in trading.

Trader Rules and Evaluation

Trade a minimum of 10 days
Reach your profit target
Do not hit or exceed the Daily Loss Limit
Do not allow your account balance to hit or exceed the Trailing Max Drawdown
Illustrate trading in a consistent manner with defined set ups managing your risk per reward – This will be most important as we will review your trades to look for a consistent trading strategy and may ask you to provide your trading plan/strategy as we review your trades. Every long-term successful trader has a trading plan in place and has rules for every trade he/she takes. We are happy to provide you examples if you would like. Once you have successfully passed the evaluation phase, you become eligible for a funded trading account with our partners.
If any of the rules are violated, you can reset your account at any time. To do this please log into your Member’s Area.

Again, if the rules are violated, your account will be ineligible for Live funding until you successfully pass the evaluation phase.

Additional Information

Trade a minimum of 10 days

Trade at least 10 days to illustrate consistency of your trading plan and showcase your ability across various market conditions (days do not need to be consecutive). A trading day is any day that you place an order in the market

Eligible Products

Trade these permitted products during your evaluation phase: GC, CL, ES, NQ, RTY, YM. If you trade anything outside the allowable products the system will reject orders which are placed for products which are not allowed – you will NOT be penalized and forced to reset – the system just won’t allow you to place those orders.

Once you have paid for an account to paper trade with us, if you would like additional products to trade, please discuss that with us prior to your trial and we can get that set up with you.

Please see below under '10 Day Free trial' to view the available products during the Trial period.

Supported Platform

We currently work with the Ninja Trader platform, which ties into Rithmic and allows you to Paper Trade.

License Key

We work with the Ninja Trader platform. Therefore, all traders must carry either a Lifetime or Lease license thru Ninja and can use this to log into the Rithmic paper trading system. If you do not have a License Key please let us know.

Connection Guide

Please use the username and password you created when you signed up with Rithmic. Also, if you don't see Rithmic's TOS, make sure to go to Rithmic.com and agree to their terms of service.

Please use the link below for instructions on how to connect to Rithmic. Your Ninja Trader license key will work to connect. If you are unable to connect, please reply back with any error messages received. You can connect using the Rithmic for NinjaTrader Brokerage connection.

https://ninjatrader.com/ConnectionGuides/Rithmic-for-NinjaTrader-Brokerage-Connection-Guide

Instruments

From the Trader Dashboard, right click on the account and select View Risk Parameters. This will display a list of products which are permissioned. Please let us know if you would like additional instruments permissioned.

FREE Trial

This is for traders to practice inside the paper trading environment and allows for traders to demo the paper trading system. On occasion we will run campaigns where the traders can work to qualify for a funded account within their 10 days of the free trial. Please make sure to ask about this.

The 10 day free trial is for traders who have never used the Rithmic system before or who have never signed up with Rithmic previously. Duplicates will be automatically blocked by Rithmic.

And, it is 10 days to-the-second beginning at the date and time when a trader first logs in.

Again, this is for traders who have NEVER taken a free trial with Rithmic.

Upon completion of a trader’s 10 day free trial they would need to purchase a package if they wish to continue working toward becoming funded.

Also, please note we cannot reset free trial accounts.

During your Trial, trade 6A, 6B, 6E, 6J, CL, ES, YM, GC, M2K, MES, MNQ, NQ, RTY, ZB, ZC, ZF

Account Resets

If an account has reached its Daily Loss Limit or Maximum Trailing Drawdown, a reset will be needed if you wish to continue trading your account. Please login to the backend of your Member’s Area to reset your account. Resets are usually immediate but can take up to 60 minutes for the system to process.

Daily Loss Limit

Ensure your Net P&L does not hit or exceed the Daily Loss Limit as per the account you choose to trade. If at any time you exceed this amount for your account, any open positions or pending orders may be flattened or canceled. This encourages proper risk management.

If your daily loss limit has been reached, you may reset your account and begin to place new trades once reset.

The daily loss limit is based on each trading day’s Net P&L, which includes fees, simulated commissions, and unrealized and realized trade P&L.

Trailing Max Drawdown

The trailing max drawdown is your minimum account balance. For instance, the trailing max drawdown for a 3 Contract account is $1500. That means your account cannot drop below a loss of $1500 including fees, commissions, et al and is calculated from your account balance high. The trailing max drawdown is to help you evaluate your trading plan in current market conditions and prepare you for trading a live account where self-discipline and trading-plan-reflection is key to success.

In live funding, this rule is calculated intraday, which means if the balance falls below the minimum account balance you will be pulled from your trades right away as you will have broken a rule.

Max Position Size

The max position size is the max number of contracts allowed at any given time – i.e. if you have a max position size of 3 contracts, you can be long 2 YM and short 1 ES. If you go over the number of contracts allowed, the system will reject the orders which exceed the number of contracts allowed.

Auto liquidate | Resetting Account

There are 2 risk controls in place – Pre-Trade and Post-Trade

So, more simply stated, you will need to reset your account if…1. You lose daily max allowable loss limit for the account chosen (inclusive of commissions); and 2. You lose your max allowable draw down for the account chosen.

Your account will auto liquidate when you have working orders or an open position where your account balance goes below the threshold of the account balance you have chosen (i.e. you can never lose more than $1500 on a 3 Contract account).

Pre-Trade: This is your daily max loss limit. Once your account has reached the daily loss - each time you place a new order – if the order is opening a new position and you have hit greater than your loss for the day (i.e. greater than $500 on a 3 Contract account) – then the order will be rejected. At this point, you will need to reset your account to continue trading. Please email us at hub@ntrading.io to reset your account.

Orders that close a position are always accepted.

Post Trade: Your account will auto liquidate if you hit the threshold of your max trailing draw down(i.e. losing $1500 on a 3 Contract account). If you lose $1500 total your account will be liquidated. To reset please log into your members area.

Hitting your Profit Target: Your account will auto liquidate when you hit your profit target. Please email us once your profit target has been met and we will look forward to reviewing your trades. Hub[at]ntrading.io

Equity

The equity within the paper account is based upon the account you have chosen to trade. This is NOT the buying power.

Commissions

Commissions are set at $1.97/side

Micros are set at $.29/side

What is Considered a ‘Day’

Different products at different exchanges begin and end their trading days at different times. Traders familiarize themselves with the trading specifications and hours posted on the exchange website.

Trader Performance

Rithmic does not currently have available a Prior Day Performance Dashboard for traders. They do, however, have a current day Performance Dashboard in R|Trader Pro.

Trading Packages | Contract-Focused

Please view NTrading.io | LeelooTrading.com for packages. If you would like us to create a package different than on the website, please email us to discuss this. NTrading is a Contract-Focused system versus 'account size'. This allows traders to choose the contract sizing that best fits his/her trading personality, goals, and allows for each trader to choose his/her desired growth. Please visit https://www.leelootrading.com/ for a full list of packages.

Being Contract-Focused each Live account will be Funded based upon the Contract sizing, not account size. Therefore, each Live account will have the appropriate funding needed for you to be able to trade the Contracts desired.

For more information about Live Funding, please contact us.

Trader Approval | POA:

Each trader will have POA (Power of Attorney) over his/her specific account. For POA approval the FCM has a 1 page form with basic personal info. The FCM does a basic background check to make sure there are no trading holds, regulatory issues or other obvious problems; usually same-day approval.
Accounts:
• The accounts are all tied to LEELOO | NTRading.io and traders will have POA on their specific account;
• Futures accounts don’t allow for joint/survivor designation. In the event of death, the funds get disbursed by the executor of the estate (or wired back to the original bank account if still open.)

Traders who have POA are not listed on the account itself. We may name the account number after the POA in the platform to make it easier to track but it will really still be NTrading's corporate account. E.g. If we give POA to a Canadian citizen named Paul Blart, we would open a 2nd account under Natural Trading and assign it account number M0019. In the platform, we would name the account ‘Paul Blart’ but on the official statements and tax record, it would be ‘Natural Trading’. Paul Blart can’t take money from the account since he is not the owner. Instead, we move the money to Natural Trading’s bank account and pay the POA for his services.


Rithmic Updates

Please make note that Rithmic runs updates over the weekends. Therefore, if you cannot log into the account please try again at a later time.

Trader Community

We are so thankful and motivated by the community of traders within NTrading | Leeloo. We are very fortunate to work with traders who are respectful, kind, positive, and supportive!

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  #6 (permalink)
Reno, Nevada
 
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Ms. Dahl seems to be the only person associated with Natural Trading (LeeLoo).

The YouTubes are to die for This is one strange ranger!

"We trade less to live more!"
"LEELOO - We're not perfect but we're HONEST"

https://www.leelootrading.com/

https://www.youtube.com/channel/UCI6aRtLCLGiVTtuQvrXTk-g

https://www.linkedin.com/in/jodydahl

https://ntrading.io/users/jody-dahl

https://westernhorseman.com/ranching/jody-dahl/

The website is registered with a German hosting company. It does not show up in any WHOIS or iCANN search in the U.S.

[ATTACH][/ATTACH]

This industry gets stranger every day

Methinks you don't have to be a rocket scientist to stay away from this one

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  #7 (permalink)
Austin Texas
 
Experience: Intermediate
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Trading: ES, NQ, CL, YM
 
Posts: 21 since Mar 2019
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phantomtrader View Post
Ms. Dahl seems to be the only person associated with Natural Trading (LeeLoo).

The YouTubes are to die for This is one strange ranger!

https://www.youtube.com/channel/UCI6aRtLCLGiVTtuQvrXTk-g

https://www.linkedin.com/in/jodydahl

https://ntrading.io/users/jody-dahl

https://westernhorseman.com/ranching/jody-dahl/

The website is registered with a German hosting company. It does not show up in any WHOIS or iCANN search in the U.S.

[ATTACH]Attachment 265811[/ATTACH]

This industry gets stranger every day

Methinks you don't have to be a rocket scientist to stay away from this one

Yup. Mainly Jody is assisting with the admin and it is financed by a group of successful traders. Nothing huge, nothing flashy.. and as you can tell.. no attempt to be something more than it is. And until there is more track record.. it's true anything is a risk. If you are risk averse .. spending $195 but more importantly your TIME.. then of course there is wisdom in letting something establish. The only reason I use them is because last year they launched a trade room with a guy I knew from a previous room and really like. I got to know them and especially Jody. The funding was intended to be small and for those of us in the room. Only 60 or so.. even the room was capped. Per my interactions with Jody on various matters and trading strategies.. I came to know her as a woman of the highest integrity you will ever find.. not to mention beyond kind and sweet. The website sucks and the videos are oddball.. but for those of us familiar with Leeloo.. we were thrilled for this best priced funding option. But we have the advantage of past experience and trust.
Frankly.. if all I saw was the website.. I would be pretty skeptical to even paypal $195. But every subscriber I know has had the very best experience.. the rules are SO much better than Topstep.. which snares u at every minor mistake. Once a cluster of associated people started using Leeloo for a means of funding.. the financiers were convinced to open it up to the general public. This is only recently so the marketing, "image," and information was not in place. OneUp had an awful reputation for quite a while. but at least they offered some competition. Then SpeedUp helped lower costs and now Leeloo. So dont bash these companies before you have evidence of poor performance.. as all of them have been good for us as traders. Just wait for a bit if u are extremely conservative... until more feedback manifests.

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  #8 (permalink)
Reno, Nevada
 
Experience: Advanced
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TickSanity View Post
Yup. Mainly Jody is assisting with the admin and it is financed by a group of successful traders. Nothing huge, nothing flashy.. and as you can tell.. no attempt to be something more than it is. And until there is more track record.. it's true anything is a risk. If you are risk averse .. spending $195 but more importantly your TIME.. then of course there is wisdom in letting something establish. The only reason I use them is because last year they launched a trade room with a guy I knew from a previous room and really like. I got to know them and especially Jody. The funding was intended to be small and for those of us in the room. Only 60 or so.. even the room was capped. Per my interactions with Jody on various matters and trading strategies.. I came to know her as a woman of the highest integrity you will ever find.. not to mention beyond kind and sweet. The website sucks and the videos are oddball.. but for those of us familiar with Leeloo.. we were thrilled for this best priced funding option. But we have the advantage of past experience and trust.
Frankly.. if all I saw was the website.. I would be pretty skeptical to even paypal $195. But every subscriber I know has had the very best experience.. the rules are SO much better than Topstep.. which snares u at every minor mistake. Once a cluster of associated people started using Leeloo for a means of funding.. the financiers were convinced to open it up to the general public. This is only recently so the marketing, "image," and information was not in place. OneUp had an awful reputation for quite a while. but at least they offered some competition. Then SpeedUp helped lower costs and now Leeloo. So dont bash these companies before you have evidence of poor performance.. as all of them have been good for us as traders. Just wait for a bit if u are extremely conservative... until more feedback manifests.


Ms. Dahl, please don't try to game me. You're as phony as they come.

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  #9 (permalink)
Austin Texas
 
Experience: Intermediate
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Trading: ES, NQ, CL, YM
 
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phantomtrader View Post
Ms. Dahl, please don't try to game me. You're as phony as they come.

My name is Hans Andersen. FaceBook "Hans At Vizda". I am a subscriber who is NOT funded yet. I wrote that. Jody Dahl is a good woman with a good name and family and somewhat known in Montana. What would she have to gain including her ranches and brand to suddenly become an internet scammer? Im not even sure that makes sense considering they make 20% of successful trader profits. I used Topstep.. I used OneUp..and i simply shared something i think others would be happy about just as I was.. and others from my trade rooms. Cheaper fees, less rules.. and ability to hold long term trades. They even allow people to qualify for FREE if you can do it in 10 days. THen you are funded... and their incentive is for you to profit. Where does a scam fit in that scenario??? I was honest that I cant vouch for the funded account side of things. (tho others can).. I said I would report back. And full disclosure I was included in a group that received a discount and free reset. So I am biased, have an affinity for the Leeloo people, want to see them succeed.. all true. But I never lie. Do not exaggerate. And also been scammed innumerable times in the (mainly Forex) industry. So by all means sit back and wait for many more reviews to come forth. I dont blame you. But Im not going to be ashamed of giving an honest review of a good product... though maybe the videos But please dont be one of those internet people that spew insults based on a "hunch."

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  #10 (permalink)
Reno, Nevada
 
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TickSanity View Post
My name is Hans Andersen. FaceBook "Hans At Vizda". I am a subscriber who is NOT funded yet. I wrote that. Jody Dahl is a good woman with a good name and family and somewhat known in Montana. What would she have to gain including her ranches and brand to suddenly become an internet scammer? Im not even sure that makes sense considering they make 20% of successful trader profits. I used Topstep.. I used OneUp..and i simply shared something i think others would be happy about just as I was.. and others from my trade rooms. Cheaper fees, less rules.. and ability to hold long term trades. They even allow people to qualify for FREE if you can do it in 10 days. THen you are funded... and their incentive is for you to profit. Where does a scam fit in that scenario??? I was honest that I cant vouch for the funded account side of things. (tho others can).. I said I would report back. And full disclosure I was included in a group that received a discount and free reset. So I am biased, have an affinity for the Leeloo people, want to see them succeed.. all true. But I never lie. Do not exaggerate. And also been scammed innumerable times in the (mainly Forex) industry. So by all means sit back and wait for many more reviews to come forth. I dont blame you. But Im not going to be ashamed of giving an honest review of a good product... though maybe the videos But please dont be one of those internet people that spew insults based on a "hunch."

Ms. Dahl, it's not a hunch.

And I'm not getting into a pissing contest with you. Let Big Mike or the moderator decide what to do about this.

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  #11 (permalink)
Austin Texas
 
Experience: Intermediate
Platform: NinjaTrader, ThinkorSwim
Trading: ES, NQ, CL, YM
 
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phantomtrader View Post
Ms. Dahl, it's not a hunch.

lol. stay angry, Phantom. ¯\_(ツ)_/¯

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  #12 (permalink)
Austin Texas
 
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phantomtrader View Post

And I'm not getting into a pissing contest with you. Let Big Mike or the moderator decide what to do about this.

Appreciated

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  #13 (permalink)
North vancouver
 
Experience: Beginner
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Trading: ES YM
 
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Well, my initial post was to find out if any fio members who have tried and passed the evaluation from the leeloo.
To be honest I don't think it helps anyone by saying negative comments with speculation about a company we don't know about. I rather have constructive thread with facts. Thanks.

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  #14 (permalink)
Austin Texas
 
Experience: Intermediate
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Trading: ES, NQ, CL, YM
 
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skfutures View Post
Well, my initial post was to find out if any fio members who have tried and passed the evaluation from the leeloo.
To be honest I don't think it helps anyone by saying negative comments with speculation about a company we don't know about. I rather have constructive thread with facts. Thanks.

A small group beta tested it to work out any kinks. And now that they only recently opened it up to the public its my impression that only a few people have passed. And I only know one of them personally. They never marketed it as it was originally intended for just their trade room clients. So the website was never developed after the room disbanded due to the lead trader sabbatical. For those wary.. Topstep is the sure thing and established. Go with Topstep. I feel pretty confident Leeloo will be known as a nice option for folks within a few months from now.. but yeah.. surely they have less than 100 subscribers currently? I personally need to reach $6000 and am currently at $3000 to get funded. And been travelling this spring. But as I have said.. I'll report back on the process and post some withdraws HOPEFULLY by mid June

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  #15 (permalink)
Singapore
 
Experience: Intermediate
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Trading: ES, CL, NG, XAUUSD, USDJPY
 
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Just to check - max trailing drawdown means it counts like TST or OneuP? (EOD peak balance or intraday peak?). And all the best bro, hope you make it and report back here to tell us of your adventures


TickSanity View Post
A small group beta tested it to work out any kinks. And now that they only recently opened it up to the public its my impression that only a few people have passed. And I only know one of them personally. They never marketed it as it was originally intended for just their trade room clients. So the website was never developed after the room disbanded due to the lead trader sabbatical. For those wary.. Topstep is the sure thing and established. Go with Topstep. I feel pretty confident Leeloo will be known as a nice option for folks within a few months from now.. but yeah.. surely they have less than 100 subscribers currently? I personally need to reach $6000 and am currently at $3000 to get funded. And been travelling this spring. But as I have said.. I'll report back on the process and post some withdraws HOPEFULLY by mid June


Numbers work... Magic lies in the numbers
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  #16 (permalink)
Austin Texas
 
Experience: Intermediate
Platform: NinjaTrader, ThinkorSwim
Trading: ES, NQ, CL, YM
 
Posts: 21 since Mar 2019
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dyst View Post
Just to check - max trailing drawdown means it counts like TST or OneuP? (EOD peak balance or intraday peak?). And all the best bro, hope you make it and report back here to tell us of your adventures

Will do. Currently complaining to Leeloo about this "dynamic unrealized high" counting against drawdown. Doesnt make sense, especially since Leeloo allows holding positions long term for swing trades. In which case.. often you have a trade go well into profit only to retrace considerably. This is one of the great things about additional companies coming on the scene and competing with Topstep.. as more options and lowering prices. Leeloo only one I know allowing holding positions. But unless that drawdown thing is fixed .. its a problem IMO. I dont think TOpstep does their drawdown based on unrealized profit.. so I see no reason why Leeloo cant operate the same way since they also use Rithmic. 4-5 of us have been in dialogue with Leeloo with this issue..so my guess is it will change/ get clarified.

Maybe I'm not understanding it.. but if my trade goes up $2000 an my max daily drawdown is -$1500... and my trade comes back to B.E. and I close it.. then I defaulted? Because I dropped more than $1500? That doesnt seem right to me.. because an unrealized $2000 doesnt pay my bills either. So yes.. I'll report back on this issue as well.

Also.. there has been another clarification... Leeloo is currently offering a trial that counts toward qualifying. You have to trade a minimum of 10 days to qualify.. its actually Rithmic that provides these days for free. And the days Rithmic provides ARE consecutive... so in order to get 10 trading days.. u are actually getting 14 free days (includes weekend). But as of now (a promotion of sorts).. you can sign up and do a free trial and actually qualify without paying. If your 14 days (10 trading days) end and you havent reached your goal.. you can still roll whatever profit you are up into a paid subscription and start a 30 day paid subscription.

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dyst View Post
Just to check - max trailing drawdown means it counts like TST or OneuP? (EOD peak balance or intraday peak?). And all the best bro, hope you make it and report back here to tell us of your adventures

Can anyone confirm this?.. i heard that Topstep does NOT incorporate drawdown from an unrealized profit .. however OneUp DOES.. in the same way it seems Leeloo is operating. In which case.. Leeloo needs to have theirs like Topstep IMO.

Its been a while since I used Topstep and I cant remember.. however it seemed it only was based on closed trades.

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TickSanity View Post
Can anyone confirm this?.. i heard that Topstep does NOT incorporate drawdown from an unrealized profit .. however OneUp DOES.. in the same way it seems Leeloo is operating. In which case.. Leeloo needs to have theirs like Topstep IMO.

Its been a while since I used Topstep and I cant remember.. however it seemed it only was based on closed trades.

OneUp has a open balance trailing draw down and TST has an end of day balance trailing draw down.
From what i have read Leeloo also has a open balance trailing draw down.

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RDK91 View Post
OneUp has a open balance trailing draw down and TST has an end of day balance trailing draw down.
From what i have read Leeloo also has a open balance trailing draw down.

Thank you. I wrote Leeloo and they said they are working with Rithmic to match how Topstep operates their drawdown, versus OneUp. I told them it makes no sense if Leeloo is offering long term trading- to utilize an open balance trailing.

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TickSanity View Post
Thank you. I wrote Leeloo and they said they are working with Rithmic to match how Topstep operates their drawdown, versus OneUp. I told them it makes no sense if Leeloo is offering long term trading- to utilize an open balance trailing.


I thought you are doing the evaluation already. Didn't you say you ware up 3k and still need to make 3k more?

Anyway, if you are in the evaluation you should know how it works. As far as my free evaluation experience goes, they use
Rithmics risk parameter just like TST. LeeLoo uses negative unrealized/open pnl and positive closed pnl for minimal account balance. As long as you don't hit daily unrealized/open max drawdown or minimal account balance you are okay.
Positive open pnl does not increase minimal account balance until it is closed or 4:45EST which ever comes first.

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skfutures View Post
I thought you are doing the evaluation already. Didn't you say you ware up 3k and still need to make 3k more?

Anyway, if you are in the evaluation you should know how it works. As far as my free evaluation experience goes, they use
Rithmics risk parameter just like TST. LeeLoo uses negative unrealized/open pnl and positive closed pnl for minimal account balance. As long as you don't hit daily unrealized/open max drawdown or minimal account balance you are okay.
Positive open pnl does not increase minimal account balance until it is closed or 4:45EST which ever comes first.

Ah.. ok that makes sense. Yes I have had live trades externally closed out in TOpstep and Leeloo that were in unrealized drawdown.. but all this talk (from others too using Leeloo in my trade rooms) about unrealized profit high possibly affecting drawdown confused me.. and I hadnt noticed it. But maybe because as you say... it doesnt work that way. Well in that case.. its not a big deal then.

Edit- but it would still be an issue for long term open swing trades that you are holding through the End of Day break.. because if at 5pm est as you say it is calculated.. then that could affect that current trade that evening/next day etc.

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  #22 (permalink)
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TickSanity View Post
Thank you. I wrote Leeloo and they said they are working with Rithmic to match how Topstep operates their drawdown, versus OneUp. I told them it makes no sense if Leeloo is offering long term trading- to utilize an open balance trailing.

Yeah I am confused that is why I was asking... Oneup looks at intraday peak (considers unrealised gains as drawdowns too if price retraces despite you being in profit from entry) while TST looks at EOD (closed trades since you will be d/q if you still have open positions after 4:10 ET if not wrong) balance.

Question is when you hold futures for longer term swing, this rithmic tends to do Mark to market at end of globex session based on my experience with e2t... is that where (the mark to market price aka settlement price) the drawdown will be computed from for Leeloo? e.g. if I had long CL at 61.50 days ago but did not book profit at 63.95 because I thought I would be getting 64+ am I disqualified when it dropped back below 62 (but still above my entry for longs) because they mark to market at 63.15 days ago?

This is something good to clarify

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dyst View Post
Yeah I am confused that is why I was asking... Oneup looks at intraday peak (considers unrealised gains as drawdowns too if price retraces despite you being in profit from entry) while TST looks at EOD (closed trades since you will be d/q if you still have open positions after 4:10 ET if not wrong) balance.

Question is when you hold futures for longer term swing, this rithmic tends to do Mark to market at end of globex session based on my experience with e2t... is that where (the mark to market price aka settlement price) the drawdown will be computed from for Leeloo? e.g. if I had long CL at 61.50 days ago but did not book profit at 63.95 because I thought I would be getting 64+ am I disqualified when it dropped back below 62 (but still above my entry for longs) because they mark to market at 63.15 days ago?

This is something good to clarify

yes.. exactly.. I never noticed it as an issue for me because I'm always flat by end of day (except once).. but I have a friend who likes to hold positions wanting to use Leeloo.. and others (sk) raised the question as well.. and I got confused. And Topstep doesnt have any swing traders so it's not an issue. But need clarity on how it will work with Leeloo because as you say. if you hold a position past 5pm.. is that going to blow your account the next day because drawdown was measured from the unrealized high (calculated at 5pm).

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dyst View Post
Yeah I am confused that is why I was asking... Oneup looks at intraday peak (considers unrealised gains as drawdowns too if price retraces despite you being in profit from entry) while TST looks at EOD (closed trades since you will be d/q if you still have open positions after 4:10 ET if not wrong) balance.

Question is when you hold futures for longer term swing, this rithmic tends to do Mark to market at end of globex session based on my experience with e2t... is that where (the mark to market price aka settlement price) the drawdown will be computed from for Leeloo? e.g. if I had long CL at 61.50 days ago but did not book profit at 63.95 because I thought I would be getting 64+ am I disqualified when it dropped back below 62 (but still above my entry for longs) because they mark to market at 63.15 days ago?

This is something good to clarify

Rithmic resets when the market close and I was told that usually is at 4:45EST. So if you were to swing trade, your daily drawdown restarts as soon as Rithmic resets. For example, say, you have one of the evaluation with daily max drawdown 2500 max drawdown 3000 profit 6000 package. You are in a swing trade and you are up 3000 dollars and market closes. Market opens and drops 2500 dollars. You fail the evaluation because you hit your daily max drawdown even though you are still up by 500 from this trade.

E2T is the same.

In that sense, you can't truly say they allow swing trades..

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I just tested with CL yesterday I bought near the lows definitely below 57.5 but Rithmic did the mark to market thing so now the entry price shows as 58.19? I checked the charts and it looks to be the globex ETH closing price, not even the settlement price 57.91




skfutures View Post
Rithmic resets when the market close and I was told that usually is at 4:45EST. So if you were to swing trade, your daily drawdown restarts as soon as Rithmic resets. For example, say, you have one of the evaluation with daily max drawdown 2500 max drawdown 3000 profit 6000 package. You are in a swing trade and you are up 3000 dollars and market closes. Market opens and drops 2500 dollars. You fail the evaluation because you hit your daily max drawdown even though you are still up by 500 from this trade.

E2T is the same.

In that sense, you can't truly say they allow swing trades..


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dyst View Post
I just tested with CL yesterday I bought near the lows definitely below 57.5 but Rithmic did the mark to market thing so now the entry price shows as 58.19? I checked the charts and it looks to be the globex ETH closing price, not even the settlement price 57.91

So what time was it exactly?
Thanks.

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From what I've seen they only do this MTM (mark to market) during Globex close, not 4.45 PM ET, and it will be the final tick of the 4:59:59 price therefore it's impossible to MTM at 4.45PM ET because how would CME know in advance what the final ETH closing tick/price would be?

I took the CL long below 57.50 and when globex reopened 6PM ET it shows my entry price as 58.19 (rithmic trader log will show us this SOD aka 'start of day' line which tells us it is MTM or entry carried over globex close) which is based on the last tick price according to CME instead of settlement price 57.91. I took a screenshot here for proof https://gyazo.com/6863e3f1464bb20411626ba99abc69e4 & when I checked my chart it also shows at the ending price for the 16:55 ET candle on 5min time frame as 58.19

ps: I've informed e2t too so they may update their FAQ. I guess we learn something new everyday I'm just wondering what these firms can do to avoid retracement from that SOD price from being counted as 'drawdown' if we are still technically still in profit from entry price. This is what irks me and keeps me off runners/big winners and I end up scalping for pennies and get 1 bad day and boom there goes days of scalping work.




skfutures View Post
So what time was it exactly?
Thanks.

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  #28 (permalink)
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skfutures View Post
I was wondering if any fio members tried LeeLoo funding program.
@TickSanity mentioned about them in this forum and I haven't heard anything else.
I am just curious if anyone made it through the program and got funded.

I just started the LeeLoo promouted program (10 days) and also curious about real people hue got funded.
May be you @skfutures or @TickSanity or some body have any news?
Please keep posted!

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Billicare View Post
I just started the LeeLoo promouted program (10 days) and also curious about real people hue got funded.
May be you @skfutures or @TickSanity or some body have any news?
Please keep posted!

Yes I got funded. I chose the Leader / Follower option.. its called Longevity account. You keep trading on SIM and they mirror my trades. This way I can start faster (dont have to wait to get set up live/ Power of Attorney etc).. and you dont need to pay for a Ninja License.. you can keep using the SIM one provided. I have a paid Ninja license but just mentioning that perk for some folks. Also there is no scaling.. so you can begin trading right away with the full use of 15 contracts etc. The way they protect themselves is to take some of your trades, or all, or wait a couple days to make sure you are performing well etc. The only caveat to that Option is your withdraws are less frequent on that Option.. however.. all that said.. I already lost that account . Of course I started during a week the markets were their worst for my approach.. though I cant blame it all on that naturally. But Leeloo itself has been great.. I still like it's parameters and still using the service.

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  #30 (permalink)
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I see everyone arguing about Rithmic and how the drawdowns are calculated.

But did everyone miss the part that they only pay out $1,000...maximum? At least for the first 5 months?

While this might be a great idea for noobs, why would I let them hold my cash?

Nobody's weirded out about this like I am?

Thoughts?

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kcrawford View Post
I see everyone arguing about Rithmic and how the drawdowns are calculated.

But did everyone miss the part that they only pay out $1,000...maximum? At least for the first 5 months?

While this might be a great idea for noobs, why would I let them hold my cash?

Nobody's weirded out about this like I am?

Thoughts?

Well yes and no. There are 3 payment options and one of them you can withdraw any amount you wish in 30 days.

But obviously this was a point of discussion with us members and Leeloo decision makers. The reason for the 2 other options that include $1000 withdraws, is to accommodate a more important desire that no other provider is offering.. and that is the ability to qualify and immediately be able to trade a full size account and not have your contracts limited (aka scaling). This was my main appeal over Topstep and Oneup.. who all require you to scale (Topstep requires it in the Eval phase as well). Not only did I not have to scale during the evaluation, which was only 10 days, but I then was able to start almost immediately trading my Paid-Performance account up to the full 12 contracts. However this is a huge risk to the financier. The evaluation phase was already super short. The reason Topstep and others require scaling- is to protect themselves. Leeloo offers a plan where you can scale as well, and likewise withdraw any custom amount of profit you want in 30 days. You can argue that 30 days is a little longer to wait versus Topstep, however if you factor in the longer evaluation phase for Topstep and scaling, by the time you make a profitable withdraw on par with an unlimited Leeloo withdraw its probly the same time frame. Still, you could count that as a demerit for Leeloo that you wait two weeks longer for a withdraw. But what you are referring to is what Leeloo labels a Longevity account option. Which does not limit your contracts. Leeloo has to protect themselves somehow, so it's a mirror trade system. You continue to trade on SIM, which means you dont have to pay for a Ninja license, you dont have to wait long to set up the live account (Power of Attorney etc)..and you can start trading right away 12, 15, even 30 contracts etc. Leeloo uses software to copy your SIM trades into the live account. But this allows them to take 100% of your trades, 50%, or wait a few days, or half your contract size, etc. It gives them flexibility to protect themselves by observing your trading the first few days and making adjustments. You however are paid in full regardless. Not only do traders get funded and emotionally struggle once live, but with 8-30 contracts sometimes blow the account within 2 days. A provider loses $5000+ off the bat. But on the flip side, with no scaling, a trader can get lucky or go huge with many contracts, make $10,000 for example.. withdraw it all and then blow the account a few days later. A financier needs a little bit of time for things to balance out with wins and losses. So we understand, we cant have cupcakes and chase it with cake. You cant have the lowest fees, least rules, shortest evaluation, largest contract packages, free license and data option, and Leeloo not have to safeguard themselves on any level. I was a little put off at first by the payment schedule.. but I calmed down when I saw there are several options. Plus, I wanted to build my account and cushion anyways. And as a long term partner, I appreciate that Leeloo starts out at taking 20% cut like the others, but next only 10% and even 5% eventually. I think that’s terrific and makes sense if you are successful. Why would I keep giving up 20%? A job pays twice a month, is once a month a deal breaker? Having said all that, the great thing is that there are options for different needs. There are more funding companies now to suit the trader. If someone cant manage waiting 30 days per withdraw, there is Topstep. If someone doesn’t want to pay for a license and wants a bigger account with more contracts and not have to scale up.. Leeloo is an option. I only used Topstep and Oneup so I cant speak for others but to me the more companies offering funding only benefits us as traders, especially by lowering costs. Ive gotten qualified and blown funded accounts too, and frankly am not an elite trader. And I think these funding companies attract a lot of (not so great) traders like me who would rather not blow our own money.. so I understand they have to protect themselves as well.

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i looked into leeloo yesterday and everything about them screams SCAM. i think BigMike should look into it and perhaps ban leeloo advertisements here if necessary. i don't want anyone here losing their hard-earned money and time to a scam.

1) watch their videos on their youtube channel. what the freak is that? does that look like a company that does business in a professional manner? https://www.youtube.com/channel/UCI6aRtLCLGiVTtuQvrXTk-g/videos

2) even after considering the fact that they don't impose a scaling plan, locking in YOUR MONEY for 6 months is a big red flag. they say it's to promote longevity. well, how do you know leeloo will still exist in 6 months' time? look at how quickly traderdock went out of business. and there's no proof on the internet yet of anyone actually withdrawing more than the $1000 limit after 6 months.

3) when dealing with such shady business tactics, you need to search for accountability. leeloo has no accountability. they don't reveal their identities or where they're incorporated. with E2T or TST, we know who Ryan Masten, Michael Patak, John Hoagland, etc. are. They're putting their faces and reputation on the line in public so it's harder for them to just run off with your money. even then, it's not impossible. in contrast, who the hell is behind leeloo? jody who?

heck, even OUT has a phone number for an instant communication line, as does E2T and TST. with Leeloo, there is no phone number. you can only contact them via support ticket which is a BIG RED FLAG.

4) Leeloo says they are charged $110/month by Eurex for the Eurex feed. but professional data fees for Eurex are 59 euros. TST charges $69/month for Eurex. Leeloo is lying through their teeth regarding this; what makes you think they aren't lying about other aspects of their funding program?

i want to believe they're legit but like all scammers, this is exactly how they scam you - by preying on the hope of naive, downtrodden souls. they're trying to lure in suckers whose eyes lit up when they see they can trade a huge # of contracts with no scaling ladder. they look at the 12/15/20/30 contract packages and think "just one lucky trade and i can make back all the thousands and thousands of dollars i've wasted on multiple combines and resets till now!"

except whatever lucky profits you make will be "on paper only" for 6 months after which when the time comes for Leeloo to pay the piper, they can simply close their business and walk off to the montana sunset (assuming in the first place you haven't blown up yet after 6 months).

there's a reason why you're seeing Leeloo being advertised so extensively all over Central and South American social media. it's also why Leeloo worked hard to create a Spanish version of their website.

scam US Americans and you might get sued back.

scam poor folks in Central/South America and nothing of consequence will happen b/c they'll be too poor to afford US lawyers. not to mention, it's just logistically harder to sue a US company from abroad.

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canoekoh View Post
i looked into leeloo yesterday and everything about them screams SCAM. i think BigMike should look into it and perhaps ban leeloo advertisements here if necessary. i don't want anyone here losing their hard-earned money and time to a scam.

1) watch their videos on their youtube channel. what the freak is that? does that look like a company that does business in a professional manner? https://www.youtube.com/channel/UCI6aRtLCLGiVTtuQvrXTk-g/videos

2) even after considering the fact that they don't impose a scaling plan, locking in YOUR MONEY for 6 months is a big red flag. they say it's to promote longevity. well, how do you know leeloo will still exist in 6 months' time? look at how quickly traderdock went out of business. and there's no proof on the internet yet of anyone actually withdrawing more than the $1000 limit after 6 months.

3) when dealing with such shady business tactics, you need to search for accountability. leeloo has no accountability. they don't reveal their identities or where they're incorporated. with E2T or TST, we know who Ryan Masten, Michael Patak, John Hoagland, etc. are. They're putting their faces and reputation on the line in public so it's harder for them to just run off with your money. even then, it's not impossible. in contrast, who the hell is behind leeloo? jody who?

heck, even OUT has a phone number for an instant communication line, as does E2T and TST. with Leeloo, there is no phone number. you can only contact them via support ticket which is a BIG RED FLAG.

4) Leeloo says they are charged $110/month by Eurex for the Eurex feed. but professional data fees for Eurex are 59 euros. TST charges $69/month for Eurex. Leeloo is lying through their teeth regarding this; what makes you think they aren't lying about other aspects of their funding program?

i want to believe they're legit but like all scammers, this is exactly how they scam you - by preying on the hope of naive, downtrodden souls. they're trying to lure in suckers whose eyes lit up when they see they can trade a huge # of contracts with no scaling ladder. they look at the 12/15/20/30 contract packages and think "just one lucky trade and i can make back all the thousands and thousands of dollars i've wasted on multiple combines and resets till now!"

except whatever lucky profits you make will be "on paper only" for 6 months after which when the time comes for Leeloo to pay the piper, they can simply close their business and walk off to the montana sunset (assuming in the first place you haven't blown up yet after 6 months).

there's a reason why you're seeing Leeloo being advertised so extensively all over Central and South American social media. it's also why Leeloo worked hard to create a Spanish version of their website.

scam US Americans and you might get sued back.

scam poor folks in Central/South America and nothing of consequence will happen b/c they'll be too poor to afford US lawyers. not to mention, it's just logistically harder to sue a US company from abroad.

@canoekoh Thank you for your opinion, if you right - it's very bad for me.
I just yesterday past my challenge and start live account with LeeLoo.
I ask all of the people here: if somebody have any experience (good or bad), PLEASE share.
@BigMike may be you have some additional info?
Thank you in advance!
And i'm for sure wil post here any news.

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  #34 (permalink)
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Billicare View Post
@canoekoh Thank you for your opinion, if you right - it's very bad for me.
I just yesterday past my challenge and start live account with LeeLoo.
I ask all of the people here: if somebody have any experience (good or bad), PLEASE share.
@BigMike may be you have some additional info?
Thank you in advance!
And i'm for sure wil post here any news.

well hopefully i'm wrong but in the event i'm right, if i were in your shoes i'd probably opt for package A instead of B and withdraw profits as soon as they come.

given how much leeloo reeks of shadiness, it'd be insane to park your profits with leeloo for 6 months.

another data point which should inform future traders contemplating leeloo:

Leeloo's package B also has a withdrawal threshold like Oneuptrader. For example, for the 15 contract package, the withdrawal threshold is $5000. that means, you can only withdraw profits in excess of $5000. so since Leeloo's minimum withdraw amount is $1000, technically you can only start to withdraw profits after $6000 in profits.

now with Oneuptrader, although they have a similar withdrawal threshold, if you want to close your account with them, they let you withdraw the threshold, up to a certain % depending on how long you've stayed with OUT. if you've been with OUT for over 90 days, you get to withdraw 80% of the withdraw threshold which is reasonable.

now i emailed Leeloo yesterday asking if traders could similarly withdraw the withdraw threshold if they want to close their funded accounts with Leeloo. Leeloo avoided the question and simply told me package A might suit me better. they refused to answer whether a trader could withdraw the profit threshold.

so the conclusion is that unlike Oneuptrader, with Leeloo you CANNOT withdraw the profit threshold if you wish to close your funded trader account with them. so in effect, the $5000 profit threshold on the 150k account with Leeloo, for example, is basically no different than another step 2 combine. it's never your money in the first place.

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  #35 (permalink)
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canoekoh View Post
well hopefully i'm wrong but in the event i'm right, if i were in your shoes i'd probably opt for package A instead of B and withdraw profits as soon as they come.

given how much leeloo reeks of shadiness, it'd be insane to park your profits with leeloo for 6 months.

another data point which should inform future traders contemplating leeloo:

Leeloo's package B also has a withdrawal threshold like Oneuptrader. For example, for the 15 contract package, the withdrawal threshold is $5000. that means, you can only withdraw profits in excess of $5000. so since Leeloo's minimum withdraw amount is $1000, technically you can only start to withdraw profits after $6000 in profits.

now with Oneuptrader, although they have a similar withdrawal threshold, if you want to close your account with them, they let you withdraw the threshold, up to a certain % depending on how long you've stayed with OUT. if you've been with OUT for over 90 days, you get to withdraw 80% of the withdraw threshold which is reasonable.

now i emailed Leeloo yesterday asking if traders could similarly withdraw the withdraw threshold if they want to close their funded accounts with Leeloo. Leeloo avoided the question and simply told me package A might suit me better. they refused to answer whether a trader could withdraw the profit threshold.

so the conclusion is that unlike Oneuptrader, with Leeloo you CANNOT withdraw the profit threshold if you wish to close your funded trader account with them. so in effect, the $5000 profit threshold on the 150k account with Leeloo, for example, is basically no different than another step 2 combine. it's never your money in the first place.

Thank you @canoekoh.
About closing funded account i have info from my contract with LeeLoo:

Closing the Account
Should the account be closed for any reason, all funds within the account are ownership of Natural Trading, LLC.
Account Closure: Traders may choose to close the account after 180 calendar days and not before. Leeloo is a long-term Performance Account. At account closure after 180 calendar days, traders may receive payout of 80% of net reserves.
Account Closure Natural Trading, LLC: Should Natural Trading, LLC need to close the account for any reason, the trader can receive payout above the payout threshold dependent upon the life of his/her Performance account:
• 20% of the NET (minus fees) reserves for an account lifespan of 50 calendar days;
• 50% of NET (minus fees) for account lifespan of 50 to 100 calendar days;
• 80% of NET (minus fees) for account lifespan of over 101 days


About the fees i also dont understand why we need to pay 21$ for CME data, with AMP i pay 5$ only, i will ask them.

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  #36 (permalink)
Chicago, IL
 
 
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Billicare View Post
Thank you @canoekoh.
About closing funded account i have info from my contract with LeeLoo:

Closing the Account
Should the account be closed for any reason, all funds within the account are ownership of Natural Trading, LLC.
Account Closure: Traders may choose to close the account after 180 calendar days and not before. Leeloo is a long-term Performance Account. At account closure after 180 calendar days, traders may receive payout of 80% of net reserves.
Account Closure Natural Trading, LLC: Should Natural Trading, LLC need to close the account for any reason, the trader can receive payout above the payout threshold dependent upon the life of his/her Performance account:
• 20% of the NET (minus fees) reserves for an account lifespan of 50 calendar days;
• 50% of NET (minus fees) for account lifespan of 50 to 100 calendar days;
• 80% of NET (minus fees) for account lifespan of over 101 days


About the fees i also dont understand why we need to pay 21$ for CME data, with AMP i pay 5$ only, i will ask them.

okay well this is certainly useful information, thanks! the way the contract is worded is pretty weird though.

so if the trader himself chooses to close the account after 180 days, then traders can receive 80% of net reserves. that's easy to understand and makes sense.

but if Natural Trading LLC, not the trader, decides to close the account, it says the trader can only receive " payout above the payout threshold"?

so if you're on the 15 contract package which has a $5000 profit threshold, and you currently have $7000 profit but Leeloo suddenly informs you that they're closing your account, then you're only entitled to 20%/50%/80% of $2000?

do you mind asking Leeloo for clarification on this and reporting back?

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  #37 (permalink)
Haifa,Israel
 
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canoekoh View Post
okay well this is certainly useful information, thanks! the way the contract is worded is pretty weird though.

so if the trader himself chooses to close the account after 180 days, then traders can receive 80% of net reserves. that's easy to understand and makes sense.

but if Natural Trading LLC, not the trader, decides to close the account, it says the trader can only receive " payout above the payout threshold"?

so if you're on the 15 contract package which has a $5000 profit threshold, and you currently have $7000 profit but Leeloo suddenly informs you that they're closing your account, then you're only entitled to 20%/50%/80% of $2000?

do you mind asking Leeloo for clarification on this and reporting back?

Like i understand "The payout threshold" trader never recieve.
I ask the LeeLoo, will posted.

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  #38 (permalink)
Reno, Nevada
 
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Billicare View Post
Like i understand "The payout threshold" trader never recieve.
I ask the LeeLoo, will posted.


Take a hit NOW and sign up with TopStep or Earn2Trade. If you passed their test period, then you know something about trading. Don't risk getting scammed. Take a hit with the fee you paid and get out now.

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  #39 (permalink)
Haifa,Israel
 
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phantomtrader View Post
Take a hit NOW and sign up with TopStep or Earn2Trade. If you passed their test period, then you know something about trading. Don't risk getting scammed. Take a hit with the fee you paid and get out now.

Thank you for advise.
I may be naive, but i still belive in honest people.
People who say that about themselves (see the video) cannot be liars.
I make decision - i still with LeeLoo.
As i said before, i will post here all of news about my trading with LeeLoo.

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Baton Rouge, LA - USA
 
 
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Billicare View Post
Thank you for advise.
I may be naive, but i still belive in honest people.
People who say that about themselves (see the video) cannot be liars.
I make decision - i still with LeeLoo.
As i said before, i will post here all of news about my trading with LeeLoo.

Any update with LeeLoo?

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  #41 (permalink)
Haifa,Israel
 
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nguyen74 View Post
Any update with LeeLoo?

I lost my funded account, now i try to receive again.

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  #42 (permalink)
Baton Rouge, LA - USA
 
 
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Billicare View Post
I lost my funded account, now i try to receive again.

Best wishes!

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  #43 (permalink)
Haifa,Israel
 
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nguyen74 View Post
Best wishes!

Thank you!

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  #44 (permalink)
Baton Rouge, LA - USA
 
 
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So out of 116,712 FIO members, only two (TickSanity, Billicare) have had experience with Leeloo and only Billcare has had a funded account with them?

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  #45 (permalink)
Haifa,Israel
 
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nguyen74 View Post
So out of 116,712 FIO members, only two (TickSanity, Billicare) have had experience with Leeloo and only Billcare has had a funded account with them?

I can’t be responsible for all the members of this forum, but for the sake of justice I must say that I met several more people who received funded accounts.
I read somewhere that Top Step has about 1000 funded traders per year, but I wonder what percentage it is.
Now I have only 4 days left until I receive the next funded account.
Profit goal achieved.
As I promised, I will continue to post any additional information here.

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  #46 (permalink)
Baton Rouge, LA - USA
 
 
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Billicare View Post
I can’t be responsible for all the members of this forum, but for the sake of justice I must say that I met several more people who received funded accounts.
I read somewhere that Top Step has about 1000 funded traders per year, but I wonder what percentage it is.
Now I have only 4 days left until I receive the next funded account.
Profit goal achieved.
As I promised, I will continue to post any additional information here.

That would be great thanks! Have you met anyone who actually withdrew profits with Leeloo?

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  #47 (permalink)
Haifa,Israel
 
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nguyen74 View Post
That would be great thanks! Have you met anyone who actually withdrew profits with Leeloo?

Not yet, I hope I will be the first
But it will take time, now i use very conservative money management.

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  #48 (permalink)
Baton Rouge, LA - USA
 
 
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Billicare View Post
Not yet, I hope I will be the first
But it will take time, now i use very conservative money management.

You will be! I'm looking at Leeloo as an option but I want to be able to make sure I would be able to withdraw profits without any issues.

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  #49 (permalink)
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looked very promising until I saw their payout structures

Understanding yourself is just as important as understanding markets.
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  #50 (permalink)
Haifa,Israel
 
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I receive my second funded LeeLoo account, started journal:Billicare trade journey: from 5K to 250K

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  #51 (permalink)
Baton Rouge, LA - USA
 
 
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Billicare View Post
I receive my second funded LeeLoo account, started journal:Billicare trade journey: from 5K to 250K

Awesome job! Looking forward to your journey!

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  #52 (permalink)
Haifa,Israel
 
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Awesome job! Looking forward to your journey!

Thank you!

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  #53 (permalink)
Bangkok
 
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nguyen74 View Post
That would be great thanks! Have you met anyone who actually withdrew profits with Leeloo?



I prefer oneup is much more easy the withdraw is a Minimum of 1000 dollar. It mean when you finish the 50k account you must make 3500 for a 1000 withdraw.


Sent from my iPad using futures.io

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  #54 (permalink)
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Like Billi, I was funded with leeloo once. i was on the 12 contracts account and in funded account, I almost went to 2400$ profit (3k was threshold i believe) and this was during the trump tweet days and i was invested in $GC, unfortunately i lost the account same day and should have cut loss immediately. Anyway, I am currently on 15 contract evaluation account and almost reached the 9k target, I may not be updating like Billi but will post whatever happens further periodically and for now there is one fb post in the group where they have a screenshot on withdrawal https://scontent.fsin5-1.fna.fbcdn.net/v/t1.0-9/70400260_672423263276498_3542332160650248192_n.png?_nc_cat=104&_nc_ohc=fA86QFyC2n4AQlMuJE8KQkXIdHrAN8pNVTtY1rq2tomCwH6fYVe-stegg&_nc_ht=scontent.fsin5-1.fna&oh=97b8cb79e1e8dd78e95a33cca08233e8&oe=5E95EEBA cheers!

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  #55 (permalink)
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Per their fb comment posted last week, this is their current status "We have moved over 130 traders into Performance Accounts since July and continue to grow that number weekly."

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  #56 (permalink)
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To wrapup, Like Billi said I trust them and till now I haven't had any bad experiences with them. Jody has been helpful overall and looks like earn2trade has brought similar Leader-Follower impl (https://help.earn2trade.com/en/articles/2522126-ninjatrader-live-account-notice) and there is performance account A in case anyone feels their profit is locked for 5 months. As traders we need some options like TST,Oneup and leeloo's performance B account is unique in that aspect compared to others. Hopefully will not loose this account like I did last time

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  #57 (permalink)
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canoekoh View Post
i looked into leeloo yesterday and everything about them screams SCAM. i think BigMike should look into it and perhaps ban leeloo advertisements here if necessary. i don't want anyone here losing their hard-earned money and time to a scam.

1) watch their videos on their youtube channel. what the freak is that? does that look like a company that does business in a professional manner? https://www.youtube.com/channel/UCI6aRtLCLGiVTtuQvrXTk-g/videos

2) even after considering the fact that they don't impose a scaling plan, locking in YOUR MONEY for 6 months is a big red flag. they say it's to promote longevity. well, how do you know leeloo will still exist in 6 months' time? look at how quickly traderdock went out of business. and there's no proof on the internet yet of anyone actually withdrawing more than the $1000 limit after 6 months.

3) when dealing with such shady business tactics, you need to search for accountability. leeloo has no accountability. they don't reveal their identities or where they're incorporated. with E2T or TST, we know who Ryan Masten, Michael Patak, John Hoagland, etc. are. They're putting their faces and reputation on the line in public so it's harder for them to just run off with your money. even then, it's not impossible. in contrast, who the hell is behind leeloo? jody who?

heck, even OUT has a phone number for an instant communication line, as does E2T and TST. with Leeloo, there is no phone number. you can only contact them via support ticket which is a BIG RED FLAG.

4) Leeloo says they are charged $110/month by Eurex for the Eurex feed. but professional data fees for Eurex are 59 euros. TST charges $69/month for Eurex. Leeloo is lying through their teeth regarding this; what makes you think they aren't lying about other aspects of their funding program?

i want to believe they're legit but like all scammers, this is exactly how they scam you - by preying on the hope of naive, downtrodden souls. they're trying to lure in suckers whose eyes lit up when they see they can trade a huge # of contracts with no scaling ladder. they look at the 12/15/20/30 contract packages and think "just one lucky trade and i can make back all the thousands and thousands of dollars i've wasted on multiple combines and resets till now!"

except whatever lucky profits you make will be "on paper only" for 6 months after which when the time comes for Leeloo to pay the piper, they can simply close their business and walk off to the montana sunset (assuming in the first place you haven't blown up yet after 6 months).

there's a reason why you're seeing Leeloo being advertised so extensively all over Central and South American social media. it's also why Leeloo worked hard to create a Spanish version of their website.

scam US Americans and you might get sued back.

scam poor folks in Central/South America and nothing of consequence will happen b/c they'll be too poor to afford US lawyers. not to mention, it's just logistically harder to sue a US company from abroad.

I'm pretty sure LeeLoo Trading was started by a man named Darrell Martin who also owns Apex Investing. He doesn't seem to want to claim it? This is probably because of his shady past. If I was Big Mike, I would not allow this company to advertise here until someone want's to claim it....

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  #58 (permalink)
Chicago Illinois
 
 
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WoodyFox View Post
I'm pretty sure LeeLoo Trading was started by a man named Darrell Martin who also owns Apex Investing. He doesn't seem to want to claim it? This is probably because of his shady past. If I was Big Mike, I would not allow this company to advertise here until someone wants to claim it...

I am considering this evaluation/fund firm so I have been trying to do my homework. If you look up the Natural trading LLC, it is registered under Jody Dahl. Lol, she was featured on Foodnetwork years ago https://www.youtube.com/watch?v=GGna06XQ6AI. There is some other info about her, her husband Toby, and their ranch out there too, but this doesn't mean it is going to make me comfortable going with them. I have asked questions in the past. They tend to not be transparent or they really don't know what they are talking about. I wish I could validate that there has been traders who have been with them to get the 90%/10% split after 12months, or if there has/had been any issues during the duration of being funded....

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  #59 (permalink)
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TickSanity View Post
My name is Hans Andersen. FaceBook "Hans At Vizda". I am a subscriber who is NOT funded yet. I wrote that. Jody Dahl is a good woman with a good name and family and somewhat known in Montana. What would she have to gain including her ranches and brand to suddenly become an internet scammer? Im not even sure that makes sense considering they make 20% of successful trader profits. I used Topstep.. I used OneUp..and i simply shared something i think others would be happy about just as I was.. and others from my trade rooms. Cheaper fees, less rules.. and ability to hold long term trades. They even allow people to qualify for FREE if you can do it in 10 days. THen you are funded... and their incentive is for you to profit. Where does a scam fit in that scenario??? I was honest that I cant vouch for the funded account side of things. (tho others can).. I said I would report back. And full disclosure I was included in a group that received a discount and free reset. So I am biased, have an affinity for the Leeloo people, want to see them succeed.. all true. But I never lie. Do not exaggerate. And also been scammed innumerable times in the (mainly Forex) industry. So by all means sit back and wait for many more reviews to come forth. I dont blame you. But Im not going to be ashamed of giving an honest review of a good product... though maybe the videos But please dont be one of those internet people that spew insults based on a "hunch."

Sure is weird that there was a "Hans" who responds to emails at Leeloo months ago...

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  #60 (permalink)
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TickTick View Post
Sure is weird that there was a "Hans" who responds to emails at Leeloo months ago...

Also if you notice Hans Anderson is from Austin Texas. Like I said, Darrell Martin who owns Apex investing is in business with the Montana couple. I'm sure of this! It so happens that

Darrell Martin is also from Austin Texas. So Hans is either Darrell in incognito, or someone trolling for him. I believe Darrell Martin was banned from futures.io some time ago.

@Big Mike should look into this one. LOL.

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  #61 (permalink)
Baton Rouge, LA - USA
 
 
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So only a couple of members here were funded by Leeloo? I completed the Leeloo Express in 10 tradings days so I should be expecting to be refunded and funded pretty soon with Leeloo too.

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  #62 (permalink)
Legendary Market Wizard
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nguyen74 View Post
So only a couple of members here were funded by Leeloo? I completed the Leeloo Express in 10 tradings days so I should be expecting to be refunded and funded pretty soon with Leeloo too.

I completd a Leeloo Express 10 days evaluation as well, and I got my refund and my funded account set up within one day.

They have been very quick and responsive, so nothing to complain about so far...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #63 (permalink)
Baton Rouge, LA - USA
 
 
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Daytrader999 View Post
I completd a Leeloo Express 10 days evaluation as well, and I got my refund and my funded account set up within one day.

They have been very quick and responsive, so nothing to complain about so far...

@Daytrader999 Thank you for reply! Yeah, support has been great even with the holiday weekend.

Any suggestion regarding the two performance account options?

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  #64 (permalink)
Legendary Market Wizard
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nguyen74 View Post
Thank you for reply! Yeah, support has been great even with the holiday weekend.

Any suggestion regarding the two performance account options?


Well, I've chosen the Investor Account, because I want to build up the account more slowly and prefer to trade with the same lot size and risk parameters instead of having to watch a very small $625 loss limit while trading only one contract or micros in the first place...

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  #65 (permalink)
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Daytrader999 View Post
Well, I've chosen the Investor Account, because I want to build up the account more slowly and prefer to trade with the same lot size and risk parameters instead of having to watch a very small $625 loss limit while trading only one contract or micros in the first place...

Thanks, I was thinking about The Accelerator with the static drawdown because I want to keep runners without it counting against if I give back some profit because of the intraday trailing drawdown from the highest unrealized profit but max contract allowed is dependent on your account balance. I guess it drawdown won't matter if you're consistent and above the threshold where there is no longer a trailing drawdown.

How long have you been in the funded account and have you made any withdrawals?

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  #66 (permalink)
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nguyen74 View Post
Thanks, I was thinking about The Accelerator with the static drawdown because I want to keep runners without it counting against if I give back some profit because of the intraday trailing drawdown from the highest unrealized profit but max contract allowed is dependent on your account balance. I guess it drawdown won't matter if you're consistent and above the threshold where there is no longer a trailing drawdown.

How long have you been in the funded account and have you made any withdrawals?

Ok, that's a good attempt as well, and it surely depends on your trading style.

I'm ok with the $3k trailing drawdown since I don't even get near to it.

I'm trading my funded account for 3 days now and I'm up $1k.

So, of course I haven't made any withdrawals yet, I'm trading 3-4 lots NQ on a daily basis aiming at 6.5 to 15 points with only one trade, and my goal is to build up at least $5k before I increase my lot size to 6 or higher.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #67 (permalink)
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Daytrader999 View Post
Ok, that's a good attempt as well, and it surely depends on your trading style.

I'm ok with the $3k trailing drawdown since I don't even get near to it.

I'm trading my funded account for 3 days now and I'm up $1k.

So, of course I haven't made any withdrawals yet, I'm trading 3-4 lots NQ on a daily basis aiming at 6.5 to 15 points with only one trade, and my goal is to build up at least $5k before I increase my lot size to 6 or higher.

Was wondering how your progress is going with Leeloo? Also have you been able to withdraw any money?

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  #68 (permalink)
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
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markus3500 View Post
Was wondering how your progress is going with Leeloo? Also have you been able to withdraw any money?

Well, thanks for asking.

I managed to get around $2.5k in nine trading days for my funded account, until I messed it all up on day 10 by hitting my max. trailing drawdown.

So what I still have to learn is to stick to a rock solid risk and money management.

And to be realistic, even with a '$100k funded account', regardless which vendor / prop firm you choose, you're eventually only trading a $3K account until you build a lot more equity to justify a bigger lot size than let's say 2-4 contracts, depending on the instrument...so bottom line this equals to a more smaller private brokerage account.

The only difference is that it's not your money if you loose that account due to a violation of their rules...

So, will I try it again? I certainly will...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #69 (permalink)
La Grange, CA USA
 
Experience: Intermediate
Platform: Ninjatrader, MetaTrader
Broker: NinjaTrader Brokerage
Trading: MES, MNQ, M2K, MYM
 
Posts: 20 since Jun 2020
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If anyone has successfully withdrawn from their Leeloo account, please post as I'm considering them but want to be sure it's legit. I wonder if you can have more than one funded account? One income based and one investor account. That way you could withdraw more from the income account while the investor account builds up doing copy trading....

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  #70 (permalink)
Montreal, QC, Canada
 
Experience: Beginner
Platform: Jigsaw Daytradr
Broker: Tradovate
Trading: ZB & UB
 
lexknight's Avatar
 
Posts: 56 since Apr 2020
Thanks: 44 given, 88 received

Following also, be nice to read something about someone getting a withdraw.

I signed up for the $74 LeeLoo Express yesterday (trade 10 days and only 10 days, $100K, 12 contracts, $6K profit goal or you fail). I saw some positive talk about them in the TopStep facebook group (discussion about the various online prop firms), and even though their site is pretty ghetto, for $74 so be it.

Honestly if I had searched on here and read this thread first I might not have bothered.

Their YouTube channel isn't just bad, it makes zero sense and is just weird.
No phone number or real transparent info about the company.
Natural Trading/LeeLoo owned by Jody Dahl as others have mentioned. Her LinkedIn doesn't mention LeeLoo or Natural trading at all. You go to Ntrading.io which she lists and it hasn't been really active in 2 years, few links to LeeLoo at the top. As well being a rancher & trader seems like an odd combo?

Nothing comes off as reputable. I will give them some positives - they had my rithmic log in to me pretty quick, and their faqs seem fairly extensive. I'll just play out my $74. If I pass, great, supposedly they refund the fee so that'll be step 1 to see if that happens. If I bust, my time with LeeLoo will be over, just too sketch. Rather pay the extra and give Topstep or Earn2Trade another go.

Since they don't guarantee funding, I honestly feel like their business could just be let people sign up for trials, pay their fees, the failure rate is pretty high (I'm guessing based on what Ive read of all the prop firms), or at least people take a few resets, and then if someone might actually do well, don't offer them funding? Or maybe they do fund them, since like other prop firms they get a cut (80/20 for example), so maybe while they aren't exactly running a super slick TST level site, shes like screw it, let other people trade and make us money, if they bust we got what we could out of them. That'd be my best guess.

However it shakes out, I'll report back in the 10 days assuming I pass if I get my $74 back to start, and then how the funded account goes.

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  #71 (permalink)
Montreal, QC, Canada
 
Experience: Beginner
Platform: Jigsaw Daytradr
Broker: Tradovate
Trading: ZB & UB
 
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Posts: 56 since Apr 2020
Thanks: 44 given, 88 received

As well if anyones interested, there's a LeeLoo Facebook group. I'm not 100% sure its an official one. There's some pictures though of people posting withdraws (not many) and certifications of completion. The admin posts discount codes, and they seem to be actual discount codes, not referral codes (originally thought it was just someone trying to get referral fees).

The group is primarily in Spanish, and since their site also is in both english/spanish I'm wondering if that's maybe more their target? 100% confused at this point.

FB: https://www.facebook.com/groups/523177615145591/about

Also did some searching on YouTube for any reviews. Here's one trading channel that passed, was a little surprised that you have to show them (trader has to show LeeLoo) that you passed with screen shots etc. I agree that's also weird, but it is clear on their site. None the less, his video is from June, said he'd do a follow up video to see if he can do a withdraw once the 30 trading days is met:

https://www.youtube.com/watch?v=1V6gKIlV4-M&t=119s

Follow up video, says he got paid (last 2 mins of the video): https://www.youtube.com/watch?v=_AVIN3V23VI&t=100s

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  #72 (permalink)
Panama City Panama
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
Posts: 11 since Apr 2013
Thanks: 1 given, 6 received

Hi, I started their evaluation last week, once I get to the end of the evaluation I will go for the investor account and keep people updated on LeeLoo support etc.. Up to now all is going well, no complaints.

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  #73 (permalink)
Honolulu Hawaii United States
 
Experience: Advanced
Platform: NinjaTrader, Tradestation, MultiCharts
Trading: ZB,ES
 
Posts: 5 since May 2015
Thanks: 5 given, 6 received

I have live funded account now, mostly trade 1-2 contracts in NQ with a $500 - $750 per Day Goal, usually no mare than 3 trades in a day, frequently only 1 . Sometimes I trade 2 contracts, and I can trade up to 8...

I have qualified twice (one i had a drawdown, had to reset) for a Leeloo funded acct. (50k 8 Contracts) and I know another trader who has as well. I have not made enough to qualify for withdrawals, as IMO the goal with any funded account is to not strip it of cash until you get a ahead at 2-3 the qualification amount to allow for drawdowns and taking larger risk for larger wins.. if that makes sense.

I believe Leeloo has the least amount of "Booby Traps" to disqualify you, compared to the others and the lowest reset fee, only $75. I had a combine with Earn2Trade and accidentally unknowing traded an extra contract, when a back to back trade occurred. Leeloo would have rejected the order, instead Earn2Trade disqualified my whole account and I was close to my profit goal. That's when I started researching all of the funded account providers.

I did research Leeloo, and yes their site and videos are "different" but I am comfortable with them being legit...

Another observation... companies that offer funded accounts make money from monthly fees and reset fees, and then of course the trades that make profits they get 20%... I surmise that the large # of traders that fail and pay for resets, offset their costs and allow for a profit.

Cheers

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  #74 (permalink)
st amant + LA/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, MES, CL
 
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Posts: 6 since Jul 2020
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I passed the evaluation 2 weeks ago I'm about to have enough capital in my performance account to eliminate my Rising Trailing Max Drawdown; I will inform in this threat if I'm available to withdraw capital; I'm very conservador trader so let's see.

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  #75 (permalink)
Boston, MA
 
Experience: None
 
Posts: 12 since Apr 2019
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Magneto View Post
I passed the evaluation 2 weeks ago I'm about to have enough capital in my performance account to eliminate my Rising Trailing Max Drawdown; I will inform in this threat if I'm available to withdraw capital; I'm very conservador trader so let's see.

Mangeto, any update?

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  #76 (permalink)
Waynesville, NC USA
 
Experience: Intermediate
Platform: NT8 & Jigsaw
Broker: NT / Dorman
Trading: ES & RTY
 
Posts: 99 since Mar 2010
Thanks: 4,101 given, 65 received

Is this thread dead ? Anyone getting paid ? At year end do you get 1099 or K-1 ?

Thx, Rick

rickr
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