Reply from Leeloo TradingMar 19, 2023
TrashTrader,
Thank you for taking the time to write. But allow me to make some corrections.
1. Depending on the account type you select, you can have a weekly payout each Tuesday. It seems you selected the account with the once a month payout structure. If you are interested in faster payout options the “weekly wk account might be best for you.
2. We have two PA fee options; monthly $88 or one time Pa fee currently $150 for the live of the PA. Again, you have an option.
3. We are very clear in our website, Knowledge base, and welcome email about our payouts, requirements, and cost.
4. Furthermore regarding the cap you mention is not correct. We welcome you to provide us with your Rithmic id and email us so we can help you understand all your options based on what you prefer.
If you prefer more frequent payouts, then we can guide you to the weekly accounts.
If you want a more affordable options we have many different account sizes to fit your needs.
I guess the weekly account option really debunks your statement about us hoping you blow accounts. In fact, we ask traders to have a budget, take there time, and we even offer entry level accounts called LE Leeloo Entry to allow traders to have very affordable options and take time to grow their skills.
Edit reply:
Thanks for your reply back: but again, it seems lile you are missing the mark.
1. Per your reply, if you want faster and more often payouts you do understand we have an account that offers that, BUT your choosing to not buy it.
So your argument is not about how often we payout, because you just agreed we do payouts weekly, rather your argument is price. (Cost)
So to reply regarding cost and you comparing us to other companies. Are you comparing apples to apples?
1. We only have one rule that would cause you to fail, do the others have that also?
2. We run more sales than anyone else including 80% on weekly’s and LL regular accounts (making your argument about cost irrelevant)
3. We actually do payout, whether it be weekly or monthly.
4. The other guys, so they offer a weekly payout structure? With no additional rules and able to trade max number of contracts on day one? Able to trade during news? Able to hold trades at market close? Able to trade at anytime? No daily limit? No consistency rules?
5. We ask that you give an accurate review of our products and please do not mislead other traders.
6. Also I will echo the PA fees are for once you qualify. You have the option to select a one time fee payment of $150 (currently on sale) or a $88 monthly PA fee.
It seems like your issue is; cost. Which is totally fine, we are glad you have a budget. But it seems that your complaint is that you can’t order anything you want from the menu and that’s your problem. We have options for all traders at all budgets, but obviously those products won’t all be the same.
Our focused is long term, we must calculate risk and price accordingly while keeping only ONE rule intact.
We do not want to add more rules.