• Trade max contracts from day 1
  • No scaling
  • NO Trading on the day of payout requests. Submit your payout request and do not trade until your payout has been deducted from your account.

Parameters:
  • Traders are provided the Leeloo Performance Account™ equivalent of their successful Practice Account. (i.e. $150,000 / 15 contract Practice Acct = $150,000 / 15 contract Investor Leeloo Performance Account™)
  • Traders are immediately permitted to trade up to the same max number of contracts (i.e. all 15). No scaling required.
  • The max contract limit does not expand on this account. An additional practice account would be required for an increase. 
 
Max Loss Limit/ Drawdown
  • Same parameters and operation as your practice account. (ALTV) Except the trailing max drawdown stops trailing forever once it reaches Initial Balance + $100.  
  • EXAMPLE:  You qualify with a $50,000 / 8 contract practice account. You are given a $50,000 Investor  Leeloo Performance Account™. The max loss trails at $2,500. So the minimum account balance threshold begins at $47,500. The max loss trails by exactly $2,500 from the highest UNREALIZED profit point reached (even if a trade does not end up CLOSING in profit). Once the highest unrealized profit point reaches $52,600 ( $50,000 + $100 + $2,500), the max drawdown limit stops trailing and will not move again. It remains fixed at $50,100 which is the Initial Balance + $100.  
  • If a trader meets or exceeds the Max Loss Limit at any time intra- or post-trade, the account will be closed.
  • Daily Loss Limit - None.  
 
Payouts via Leeloo's periodic Performance Based Contests | Benchmarks | Benchmarks
  • 1st payout can be requested after a trader has actively placed orders on at least 30 INDIVIDUAL trading days. 
  • 2nd - 4th payouts can be requested once every end of month, as long as during that month period the trader has traded at LEAST 10 active trading days.  
  • Only a day actively traded counts as one of the required trading days. Download the Leeloo app to check traded days or, read more Info on how to confirm active days- CLICK HERE. If you have not met the minimum trading days, then simply request during the next period. Our Leeloo software is automated and we are not able to make exceptions to traded days. Any deadlines that are missed will fall into the next payout request period and you can submit the payout request at that time. Payout approval requires compliance with the the Leeloo PA™ Agreement and Rules listed in the agreement.
  • The first 4 payouts require a minimum payout of $1,000, while achieving the below benchmarks for each account (see Balance Threshold), and have a maximum limit according to the chart (account size) below.
  • Whenever you request your FIRST payout, that's when your first 4 months start and it's based on 4 months of the requests. Meaning if you get a Leeloo PA™ and you trade for 8 months and have $80k in profits, you cannot receive a payout until you have requested the first 4 months. So, if you wait 8 months or 3 months to request your first payout, that's your first month and the 2nd month, is when you request your 2nd payout. So if you request an April first payout, then wait until July for the 2nd payout, that's the 2nd month of payout.
  • The 5th payout and beyond, has no minimum or maximum payout restriction, however the Balance Threshold requirement remains on the account (until the account is completely closed). The 5th payout and all future payouts can be requested once every 30 calendar days, as long as a minimum of 10 individual days are actively traded. 
  • The payout request must be made on the last Monday of the month. And, only the last Monday for efficiency.
  • If a payout is requested, the trader must not place any new trades until the payout has been fully processed.
  • Log in to the support portal, and create a new ticket to request the payout.   Include: 1- Full Name.  2- Account Number.  3- Desired payout amount.  4- Which payout # is this? (i.e. Your first, second, fifth?) and wire or paypal. Within 24 hours watch for an email with subject "Leeloo™ | Payout Request" where you will upload all required documentation. Once that is uploaded correctly, payouts will occur within 72 hours and you can watch for an email titled 'Leeloo™ | Payout Complete'. (Check your SPAM if you don't see either email)
  • Payouts will be processed that same last week. (once per month)
  • If minimum active days traded requirements are not met in a month, the trader completes the needed days and receives payout the end of the next month
 
  • EXAMPLE: When an 8 contract account reaches $52,600 ($50,000 + $2,500 DD + $100), a trader may receive payout of any profit above that threshold (minimum of $1000 and max of $1500).  So if the account reaches $53,600,  $1000 may be withdrawn leaving $52,600 in the account. NOTE: When this account reaches $52,600 the max loss account balance will be $50,100 and remains so.
  • Payouts are free*. Any fees from wire or PayPal they charge us, we cover. But if your financial institution charges you any additional fees, those are the trader's responsibilities. 
    • Example: The wire fee for us to process a Wire transfer is $50; Leeloo will Pay that fee. But if your financial institution charges YOU a fee to receive that payout, that is the trader's responsibility to cover.
  • Payouts are sent electronically by wire transfer or ACH. Wires can take 5-7 business days; ACH can take up to 3. PayPal, can at times be used under certain circumstances, but PayPal has a max limit of $1,000.
  • Traders are entitled to 100% of the first $12,500. Above $12,500 the trader receives 90% of the payout amount.
  • Any bank or financial institution that is allowed to receive wire transfers from the U.S and has an account number and routing number along with any additional international numbers needed CAN be used for wire transfer. Please check with your financial institution to confirm they accept international Wires.
  • It is the TRADER's responsibility to confirm with his/her bank that he/she can receive payouts before purchasing any account with Leeloo.
  • Due to OFAC sanctions, there are times we are unable to offer services with traders residing in specified countries. If you cannot purchase a practice account with Leeloo, please contact us as your country may be on the list.
  • Due to volatility in crypto, Leeloo currently does not offer payouts via crypto.

Payout Tax Implications
  • Traders who operate our Leeloo Performance Account™ are treated as independent contractors.  
  • US citizens are required to complete a W-9 form. A current mailing address must be maintained in order to receive a yearly 1099-NEC form based SOLELY on total payouts  received via ACH / Wire.  No 1099-NEC will be sent for payouts  via PayPal. 
  • Non US citizens submit a W-8BEN form upon first payout  request. No reports will be sent to Non US citizens. 
  • For questions and tax reporting advice, consult your qualified accountant.
 
Swing Trading | Holding Trades Overnight
Traders may hold up to 3 micros through the close. For standard lots and any amount of contracts more than 3 micros- traders must get permission from the Leeloo  Admin before holding trades through the close of market.  You will need enough profit to cover the Maintenance Margin for each Instrument per contract you plan to hold. If your account does meet the margin requirement, any active positions can be liquidated and the account can be closed. Reference this guide (https://ninjatrader.com/PDF/ninjatrader_futures_contract_details.pdf  /   https://ninjatrader.com/Margins-Position-Management)

Example, you would need at least $16,000 profit to hold 1 NQ contract. Send a ticket with the exact number of contracts and which particular instrument you plan to hold to receive confirmation from Leeloo .  

Unless permission is granted by the Admin, ALL trades MUST be flat 15 minutes before the market close (of that particular instrument).   

Please reference this guide for session close times per instrument. Example, ES must be flat by 16:45 EST and Corn (ZC) must be flat by 14:05 EST.  
Holding a Futures position through market close is managed as follows: The oldest position carries forward so that during the close your position resets to the price carried. The FCM does not match off trades – First in First Out. The first day you carry a position, it is carried at the highest or lowest traded price, and will continue to carry that trade until the position is flattened. This is simply an accounting method used to give the account the highest possible value to be used for margin. It does not affect the balance of the account in any way. Once the Overnight run is processed and trades are matched off and statements are generated, the platform will adjust to coincide with the statements.
 
Warning
  • Trading during erratic and periods of high volatility is risky. Data feeds and software platforms are subject to lag and error.  Leeloo  cannot take responsibility for software performance failure, lag, glitches, and of course our trader’s hardware or internet mishaps. Be careful trading volatile markets. 
  • Limit UP/Down or Markets halted - During these uncommon occurrences, when markets are halted, be careful of getting trapped with an open order. You may suffer an erroneous fill (during suspended markets).  AVOID trading these times with your Leeloo  account as Leeloo is NOT RESPONSIBLE for data or software mishaps during Limit Halts. Be mindful of volatile days and check daily Price Limits.
 
Trading Platform
Leeloo  provides traders continued use of a FREE License Key to operate the NinjaTrader platform in Leeloo Performance Account™. License keys or fees associated with use of trading platforms other than NinjaTrader are the responsibility of the trader.
 
Fees
  • Leeloo PA  fee once per month. 
  • The Leeloo PA™  fee per month charge covers everything including all data and fees.
  • Payouts are free*. Any fees from wire or PayPal they charge us, we cover. But if your financial institution charges you any additional fees, those are the trader's responsibilities. 
    • Example: The wire fee for us to process a Wire transfer is $50; Leeloo will Pay that fee. But if your financial institution charges YOU a fee to receive that payout, that is the trader's responsibility to cover.
  • * Some Leeloo traders are entitled to the non-professional data fee scale (as long as they themselves meet the requirements). For those who qualify as professional, data fees are pre-paid separately and additionally per exchange per month. These traders pay the Leeloo  fee per month PLUS the Professional exchange fee per exchange.
 
Commissions
  • Commission fees vary based on Exchanges. You can check them in your  Leeloo Performance Account™ the same way as your Practice (previously known as Evaluation) accounts.  
 
**This is training ground for your own potential live account. 
**Trading successfully and consistently for the long-term requires consistent actions per each and every trade.

For the highest potential for your success, ensure you...
  • Follow a consistent trading plan in size, stops, targets and profit taking
  • Follow a consistent trading plan
  • Follow a consistent plan in contract usage per each trade (i.e. don't use 40 for a home-run and then switch to 1 contract).
  • Do not over-leverage
  • Do not high frequency trade
  • **This is training ground for your own potential live account.  Trading successfully and consistently for the long-term requires consistent actions per each and every trade.

Leeloo™, through its proprietary software platform, provides individual traders an opportunity to test their skills in the market with simulated currency and the potential for payouts via periodic performance based contests, well known as Leeloo's Performance Based Trading and Contests™. Leeloo™ is the leading education platform that champions retail traders.

Each Leeloo Performance Account™(PA) consists of simulated/virtual funds. For the avoidance of any confusion, please remember that a Leeloo Performance Account™ is a fully simulated account with real market quotes from liquidity providers. At Leeloo's discretion, the trading data may be sent off to a firm where trades can be copied at Leeloo's own discretion using aggregated orders using proprietary risk management techniques.

  1. Meet set benchmarks and receive opportunities to earn real payouts through Leeloo's periodic performance based contests. Practice becoming a disciplined and experienced trader who exhibits the ability to trade responsibly and consistently and can manage risk. Leeloo Performance Accounts™  use live data and simulated currency. 
  2. Prove you can trade with consistency and discipline over time, with the ability to manage risk and there is potential opportunity for accounts/trades to be copied via proprietary software at Leeloo's discretion. Advanced Copy Trading Opportunities - Traders with proven, consistent performance who are also oriented for a long term relationship allows for the potential opportunity for more flexible options for compensation (trader covers all wire and transfer fees). This opportunity is discussed individually and directly with the trader. **Leeloo has discretion when they choose to approach a trader regarding advanced copy trading opportunities. 
  3. Become an independent trader. Various traders, after illustrating long term consistency, are ready to trade their own live account. When Traders are ready for their own personal live account, we can introduce them to the proper brokerage/commodities firm.

Feedback

Are payouts limited to one account a month?
John Quile (8/12/2022 at 5:47 PM)
How to withdraw profits, please
youness baazizi (9/22/2022 at 10:31 AM)