• Static Drawdown
  • Note: No Trading on the day of payouts requests. Submit your payouts request and please do not trade until your payouts has been deducted from your account.

Benchmarks...

Phase 1:  Reach $2000 profit target
 
 
  • All traders start in Phase 1 with a $100,000 Initial Balance and minimum account balance limit of $99,375
  • The max drawdown is -$625.. but it is static.  It does not trail.  (i.e. You earn $150 profit now your cushion is $625 + $150 = $775 etc)
  • Upon reaching the $2000 profit target, contact Leeloo™ to initiate Phase 2. 
 
Phase 2:  
Once the Phase 1, $2000 profit target has been met:
  • Your minimum allowable account balance limit will be moved up from $99,375 to $100,100. Everything else remains the same, including your profit which remains intact. 
  • Your max loss minimum account balance limit of $100,100 will never change or increase regardless of the amount of realized or unrealized profit earned.  
  • For example, you grow the account to $165,000 then you would need to lose $64,900 in profit before the $100,100 minimum account balance is met and the account forfeited (there is no trailing drawdown).
  • Traders can request to have their max contract limits expanded according to tiered profit thresholds (contact Leeloo™ when targets are met).
  • It is the trader's responsibility to contact us once you have reached Phase 2. If the trader continues to trade after reaching Phase 2 and has not contacted us to move the stop loss/loss limit, the trader's Leeloo PA™ account can be closed without notification. Alternatively, Leeloo™ has the right to move the loss limit to $100,100 once the trader has reached $2000 in profit.

TIERS

 
  • NOTE: Trader must pause for 60 days at the max level of contracts equivalent to the successful practice account. For example, the trader qualified with a 12 contract account. After scaling up from 2,3,4,5 and 8 contracts and reaching a balance with at least $10,000 profit, the trader must pause for 60 days; trading no more than 12 contracts until the trader can continue adding additional contracts. 
 
Max Loss Limit
  • If a trader meets or exceeds the Max Loss Limit at any time intra-trade or post-trade, the account will be closed.
  • The max loss is $625 and/or $99,375 in Phase 1. It does not trail. Once the account reaches $102,000 in profit, OR if a trader requests a payouts, the max loss minimum account balance is moved by the administrator to $100,100. It never moves again from $100,100. 
 
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).

For 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. For example, ES must be flat by 16:45 EST and Corn (ZC) must be flat by 14:05 EST.  

Holding a 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.  
 
Payouts via Leeloo's periodic Performance Based Contests | Benchmarks
Traders can request the first payout after a minimum 30 traded days upon meeting the benchmarks described herein (starting March 1) upon activation of the Accelerator Leeloo Performance Account™.
  • The 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 payouts 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?) Watch for an email within the next 24 hours (check your SPAM) with the subject "Leeloo™ | Payout Request".
  • Payouts will be processed that same last week of the month (once per month).
  • Payouts are free*. Any fees from wire or PayPal they charge us, Leeloo covers. 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.)
  • 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.
  • There are no minimum or maximum amount restrictions on these once per 30 traded days (1st payout) and then 10 traded days per month on subsequent payout on the Accelerator Account payout. The trader may request as little or as much profit as they wish above $100,100. However, keep in mind the minimum allowed account balance is fixed at $100,100. If the account balance falls to $100,100 or below, the Performance Account will be closed. A trader may not want to receive a payout of too much and potentially leave too little drawdown cushion. 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 Leeloo PA™ Agreement and Rules listed in the agreement.
  • If a payout is requested before reaching $102,000, the minimum account balance limit is moved up to $100,100 where it will always remain.
  • For example, if a trader with a $101,500 balance requests a $500 payout. (Payouts are processed on the LAST week of the month). The minimum account balance limit is moved by the admin from $99,375 to $100,100. $101,500 payout of $500 leaving an account balance of $101,000. This means there is now only a $900 drawdown cushion between the minimum account balance threshold of $100,100. 
  • Traders are entitled to 100% of the first $12,500 payout; above $12,500 the trader receives 90% of the profit requested.
  • 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.

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.