Montana-based futures prop firm operating since 2020. Named founder, established track record, and one of the industry's most distinctive first-profit structures — 100% trader keep on the first $8,000-$12,500.
Leeloo Trading is one of the more established firms in the retail futures prop space. Founded in 2020 by named investor and trader Jody Dahl, operating under the legal entity Natural Trading, LLC (doing business as Leeloo Trading), and headquartered in Great Falls, Montana, the firm has spent five-plus years building a substantial community around futures-only funded accounts. In an industry where the median firm age is under two years, Leeloo's operating track record is genuinely differentiating.
The product structure is the most complex of any firm we cover: seventeen distinct account variants across multiple product lines (Foundation, Leeloo Entry, Leeloo Bundle, Weekly, Aspire, Climb, Glide, Launch, Express, Bolt, Rapid, Legacy, Cruise, Burst, Kickstart, Explode), with both monthly recurring and one-time payment models. The distinguishing feature that most traders remember is the first-profit structure: traders keep 100% of their first $8,000-$12,500 in profits depending on account type, before the standard 80% or 90% split takes effect. The trade-off is a genuinely complex pricing landscape and documentation that occasionally contradicts itself on specific fee amounts.
Leeloo is best suited to committed futures traders who value operator stability, the industry-standard Rithmic data feed, and are willing to invest time in understanding the account variant that best fits their trading style. Traders looking for a simple single-product prop firm experience should consider alternatives.
The firm sits at an interesting inflection point in 2026. Community sentiment has softened — the Trustpilot score has declined to around 3.0 from earlier levels near 4.1, with PropScorer flagging the drop in May 2026. Documentation inconsistencies on Performance Account fees ($88, $109, and $250 all referenced in different Leeloo support pages) create real friction for traders trying to budget their evaluation attempts. At the same time, the underlying operational fundamentals remain strong: five-year continuous operation, named founder, US-based legal entity, direct Rithmic integration, and a consistent record of paying eligible traders through the Rise platform. The gap between operational quality and current community sentiment is the specific tension traders should evaluate when deciding whether Leeloo fits their needs.
Leeloo Trading was launched in 2020 by Jody Dahl, an investor and entrepreneur with a public profile in the retail trading community. Dahl remains the identifiable public face of the firm and appears regularly in Leeloo's YouTube content, promotional materials, and blog updates.
The legal entity operating Leeloo Trading is Natural Trading, LLC, doing business as (dba) Leeloo Trading. Headquarters is Great Falls, Montana, United States. This is a straightforward US limited liability company structure with clear jurisdictional accountability — a positive transparency signal in a segment where offshore incorporation is common. Some third-party review sites list Leeloo as Dallas-based, which is incorrect; Great Falls, Montana is the verified headquarters.
Five years of continuous operation is a meaningful milestone in the retail prop trading industry. Many firms that launched during the 2020-2021 boom period have since closed, been acquired, or restructured. Leeloo has expanded its product line but has not undergone ownership change events or major operational disruptions. This is exactly the kind of continuity signal that the transparency framework weights heavily — five-year operating history strongly correlates with reduced tail risk of sudden closure.
Leeloo executes trades via Rithmic, the industry-standard data feed and execution router for retail futures trading. Rithmic is used by CQG, TT (Trading Technologies), NinjaTrader, and most serious retail futures platforms as their underlying data infrastructure. Using Rithmic means Leeloo's execution quality benchmarks against professional-grade infrastructure rather than white-label broker feeds that some newer prop firms use. This is a real signal of operational seriousness in the futures space.
The Rithmic relationship is not just a marketing tagline. Rithmic maintains a limited number of direct integration partnerships and vets the operational capability of firms using its infrastructure. Prop firms that use white-label broker connections instead of direct Rithmic integration typically do so because they cannot meet Rithmic's operational standards, or because they prefer to hide the true execution venue. Leeloo's direct Rithmic relationship signals both operational capability and transparency about the execution venue.
Rithmic data is also the official reference used by Leeloo's own payout review process. This is worth understanding clearly: dashboard information within the Leeloo interface can lag or display intermediate states, and the firm's own payout guidance directs traders to treat Rithmic data as authoritative for any dispute. Traders who track their own performance against Rithmic timestamps rather than relying purely on dashboard summaries will find the payout review process smoother.
The practical implication of the Rithmic authority arrangement: if a trader believes the Leeloo dashboard shows different results than the actual Rithmic execution log, the Rithmic log wins. Traders should retain their own Rithmic-timestamped records (available through the trading platform interface) rather than relying solely on Leeloo's dashboard for record-keeping. In any dispute, the trader's Rithmic log matched against Leeloo's Rithmic log is the resolution mechanism.
Leeloo maintains an active YouTube channel with over 7,400 subscribers at time of writing, plus Discord communities and educational content. Dahl personally appears in some content, providing occasional community updates and product announcements. This founder-visible model is a genuine transparency asset — many prop firms operate through anonymous team accounts, and Leeloo's decision to associate the founder's identity with the brand publicly is a signal that peer firms rarely match.
The community has, however, shown some signs of sentiment decline in 2026. PropScorer's health tracking flagged a Trustpilot score drop alert on May 25, 2026, with the aggregate score sitting at around 3.0 out of 5 following the decline. TradingFinder's coverage separately notes that some of Leeloo's earlier Trustpilot reviews "appear to be fake," which is a common industry observation but worth noting in Leeloo's specific case. The combination of a recent score decline and historical fake-review concerns means traders should treat the Trustpilot signal as directional rather than authoritative and cross-reference with independent review sites.
Leeloo Trading offers the widest product lineup of any prop firm in this review. Seventeen distinct account variants across multiple product lines can be overwhelming for new traders but reflect the firm's philosophy of matching account structure to trader style rather than forcing everyone into a single evaluation model.
Understanding the 17-variant lineup requires grouping them into functional families rather than treating each as fully distinct. The underlying products cluster into these families:
Traders should not attempt to compare all 17 variants in a single sitting. The practical approach: identify your primary constraints (evaluation timeline, capital budget, minimum trading day tolerance), narrow to the 2-3 variants that best fit those constraints, then compare only those in detail.
Most Leeloo account types are available with either monthly recurring fees (typically $26-$775 depending on account size) or one-time upfront payments (typically $250+ per account). The economics of these two paths differ meaningfully depending on how long a trader expects to take passing the evaluation.
The monthly recurring model works well for traders who expect to pass in one or two billing cycles — total cost stays low if success is quick. The one-time payment model works better for traders who anticipate longer evaluation timelines, because the total cost is capped regardless of how many months pass. Neither is objectively better; the choice depends on realistic self-assessment of evaluation timeline.
Leeloo accounts range from $25,000 to $300,000 in base size across the various product lines. Not every product family offers every size — some variants are restricted to specific ranges. Traders should verify the specific account size available within their chosen product type at purchase time.
Scaling within Leeloo operates on a progressive basis: successful funded traders can qualify for additional funded accounts up to firm-defined limits. Scaling requires continued profitability and adherence to rules across multiple payout cycles. This is a slower scaling path than aggressive-scaling firms like Apex but is consistent with Leeloo's overall philosophy of steady sustainable growth.
Leeloo's most distinctive pricing feature is the first-profit structure. Depending on account type, traders keep 100% of their first $8,000-$12,500 in profits before the standard 80% or 90% split kicks in. This is a genuine differentiator — most prop firms apply their profit split from the first dollar of trader gains.
Consider a trader on a $50,000 account with a 90% profit split and a $10,000 first-profit 100% keep. The trader passes evaluation, receives funded status, and generates $12,000 in profits over their first funding cycle.
Compare this to a firm with a straight 90% split applied from the first dollar: same $12,000 profit would yield $10,800 to the trader. Leeloo's first-profit structure delivers a genuine $1,000 additional to the trader on this scenario. For traders who reach their first payout, this is real money.
The feature works best economically for traders who reach payout at least once. Traders who never reach payout do not benefit from the first-profit structure at all. This aligns Leeloo's incentives with trader success in a way that flat-split firms do not — the first-profit structure only pays out to Leeloo if the trader also succeeds.
Reset fees at Leeloo are documented at approximately $85, allowing traders who breach a rule during evaluation to restart without purchasing a fresh account. This is a competitive reset fee for the industry. The specific reset conditions vary by account type — some products allow one reset per evaluation, others require a fresh purchase after any breach.
Leeloo's core consistency rule states that a single trading day's P&L cannot exceed 30% of total P&L in the payout period or over the life of the Performance Account. This applies at payout eligibility rather than during trading — traders can exceed the 30% threshold intra-period without immediate breach, but must trade further profitable sessions to dilute the concentration below 30% before requesting payout.
A trader on a $50K Performance Account earns the following daily P&L over 12 trading days: +$400, +$550, -$200, +$700, +$1,100, +$500, -$300, +$800, +$400, +$700, +$2,500, +$650. Total P&L: $7,800. Best day: $2,500, which is 32.1% of total.
This trader would not be eligible for a payout at this point under the 30% rule (32.1% exceeds the 30% threshold). To become eligible, they would need to continue trading profitably to dilute the best-day contribution below 30%. Approximately $500-$700 in additional distributed profits would bring the ratio into compliance.
Compared to peer firms, Leeloo's 30% rule is stricter than Ment Funding's 33% but more lenient than some tighter enforcement patterns elsewhere. Traders whose edge comes from occasional high-conviction trades will find the rule constraining; consistent small-to-medium wins pass easily.
Leeloo enforces a trailing max drawdown limit that varies by account type and size. Notably, there is no daily drawdown limit — a departure from the industry standard where most firms enforce a 4-5% daily loss cap alongside overall drawdown.
The absence of daily drawdown is meaningful for certain trading styles. Traders who occasionally experience volatile sessions where they need room to recover during the day benefit from the absence of a hard daily reset. However, the trailing max loss can still terminate the account, so this is not permission to trade recklessly — it is permission to size positions with less concern about single-session variance.
Payout eligibility requires meeting minimum trading day thresholds. On Weekly (WK) accounts, first payout requires 10 active trading days followed by 4-day intervals for subsequent payouts. On Leeloo Entry (LE), Leeloo Bundle (LB), and other standard accounts, both first and subsequent payouts require 30 traded days. Some accounts enhanced with Edge Enhancer (EE) may qualify for reduced day requirements.
The 30-day requirement on standard accounts is significant. Traders passing evaluation in one week must still wait through 30 active trading sessions before their first payout — over a calendar month at 5-day trading weeks. This is longer than most competitors' first-payout waiting periods. Weekly accounts specifically target traders who want faster access to earnings and are willing to pay the associated pricing premium.
Leeloo enforces a maximum of 3 micros held at market close unless approved. This applies to overnight position management on futures contracts. Traders who routinely swing-trade multiple micro contracts should verify their strategy is compatible with this rule before purchase.
Daily profit cannot exceed 30% of starting balance. This is the intraday version of the consistency rule and applies during trading rather than only at payout review. Traders who occasionally hit outsized daily gains should model their strategy against this cap — profits above the cap on a given day do not automatically count toward the profit target.
Leeloo's prohibited strategy list is notably short:
Scalping, hedging, holding positions overnight, and other common strategies are all permitted. This is a genuinely liberal rule set compared to firms that restrict news trading, scalping windows, or high-frequency automation. Traders who value strategy flexibility will find Leeloo's approach welcoming.
Leeloo maintains a list of restricted jurisdictions including but not limited to Afghanistan, Albania, Belarus, Burkina Faso, Chad, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Côte d'Ivoire, Cuba, Djibouti, East Timor, Guinea-Bissau, Iran, Iraq, Jordan, Haiti, Kosovo, Lao PDR, Lesotho, and others. Traders in any of these jurisdictions should not attempt to purchase Leeloo challenges. The list reflects US sanctions compliance and KYC risk management standard for US-based firms.
Leeloo supports three primary platforms for trading:
Additionally, third-party integrations exist for other futures platforms via Rithmic connectivity — traders using CQG-based platforms, TradingView with Rithmic backend, or other Rithmic-compatible interfaces can typically connect their preferred workflow to Leeloo accounts.
Execution quality at Leeloo is essentially equivalent to Rithmic quality — the same infrastructure used by professional futures traders across the industry. This is a substantial advantage over prop firms using white-label broker feeds or synthetic liquidity. Slippage during high-volatility events is comparable to what live futures traders would experience at their own broker.
The trade-off with Rithmic execution is data feed cost. Traders pay for real-time Rithmic data as part of the account structure — this is not free execution the way some forex prop firms offer. For active futures traders, Rithmic data is a required cost of doing business regardless of firm choice; Leeloo's structure just makes it visible rather than hiding it inside the challenge fee.
Leeloo's payout process is manual review-based rather than automated. Payout requests must be emailed to a specific address (typically [email protected] or similar per Leeloo's current guidance) during defined windows. The manual review typically completes within 1-3 business days, after which approved payouts are processed via Rise, a payments platform supporting both crypto and traditional bank transfers.
The manual review element is worth understanding. Being able to submit a request does not guarantee approval — the review process examines rule compliance, consistency rule application, and general trading pattern before approving disbursement. Traders whose accounts show patterns inconsistent with disclosed rules may find their payout requests rejected even if the account balance appears eligible.
Payouts are processed via bank transfer, bank check, PayPal (with a $2,000 per-transaction limit), or crypto through the Rise platform. There are no additional withdrawal fees, which is a positive detail — some firms charge percentage-based withdrawal fees that erode payout value on smaller amounts.
Leeloo's Trustpilot score has undergone a decline in 2026, sitting at approximately 3.0/5 following an alert flagged by PropScorer on May 25, 2026. This is materially lower than the 4.1/5 score referenced in older third-party reviews.
The decline warrants attention because it is recent. Several possible drivers:
TradingFinder specifically notes that portions of Leeloo's Trustpilot review base "appear to be fake," a concern common across the prop firm industry but worth flagging in Leeloo's case. The combination of a recent score decline and historical fake review concerns means the aggregate Trustpilot number should be treated as directional rather than authoritative.
Positive Trustpilot patterns consistently reference the payout reliability once accounts pass review, the community support quality, and the value of the 100% first-profit structure. Negative reviews cluster around the PA fee ambiguity, the 30-day minimum trading day requirement causing frustration for fast passers, and occasional slow support responses via email-only channels.
Multiple community reviewers have documented a subscription renewal issue that catches traders off guard. Traders on monthly-fee accounts who close out the account without formally cancelling the recurring subscription have been auto-charged for renewal periods after they intended to leave. Leeloo's cancellation process requires proactive action from the trader; passive account closure does not automatically end the subscription.
Leeloo's community sentiment sits in a nuanced place. Five-year operating history and named founder are genuine positive signals. Recent Trustpilot decline and documentation inconsistencies are genuine negative signals. Independent review sites reach varying conclusions: BrokerAnalysis rates Leeloo 8.3/10 (favourable), PropScorer's composite rating is 72/100 (favourable), and Traders Union's TU Overall Score is 5.03/10 (moderate risk designation).
This spread across independent reviewers is itself informative. Firms with strong operational fundamentals but real product complexity often produce this pattern — reviewers who focus on operational history and founder visibility rate favourably, while reviewers who focus on rule complexity and documentation clarity rate more critically. Both perspectives capture legitimate elements of the Leeloo experience.
Leeloo operates in the futures prop firm segment, which has different dynamics than the more crowded forex prop firm segment. Futures prop firms compete on data feed quality (Rithmic being the industry standard), platform support (NinjaTrader being the trader default), and evaluation structure. Leeloo checks all three boxes but faces active competition from Topstep, Apex Trader Funding, TradeDay, Take Profit Trader, MyFundedFutures, and others — many of which offer simpler product structures.
The futures segment has also seen recent consolidation and platform disruption. NinjaTrader's terminated partnership with Alpha Futures in July 2026 illustrates the platform-level risk that futures prop firms face. Leeloo's direct Rithmic relationship, rather than white-label platform arrangements, insulates the firm from this specific risk vector. This is not a marketed feature but is a real structural advantage.
Community sentiment among long-term Leeloo traders — those who have completed multiple payout cycles — tends to be more positive than the aggregate Trustpilot number suggests. Traders who navigate the initial product-choice complexity and the 30-day minimum trading day requirement successfully report stable ongoing experiences. The failure mode appears concentrated at product selection (choosing an account variant that doesn't match trading style) and at first-payout timing (traders expecting faster access to earnings than the 30-day rule permits).
Topstep is the industry's most established futures prop firm (founded 2012) and typically the reference point for other firms. Both firms use futures-only models with strong data infrastructure. Differences: Topstep's product line is simpler (three main account tiers vs Leeloo's 17 variants); Topstep's rating in our framework is higher (currently 4.3/5, 90/100 Transparency Index); Topstep does not offer the 100% first-profit keep that Leeloo does. Topstep is the default choice for traders wanting an established simple product; Leeloo appeals to traders wanting more product optionality and the first-profit structure.
Apex is the largest futures prop firm by trader base. Both firms operate similar core structures — trailing drawdown, no daily loss caps, futures-only. Differences: Apex's rating in our framework is lower than Leeloo's (3.9/5 vs 3.8/5 — similar band); Apex's rules include a static drawdown lock at profit target that has caught many traders off guard; Leeloo's 100% first-profit structure is more generous than Apex's standard split. For traders comfortable with Apex's rule structure, Apex remains attractive due to scale. For traders wanting cleaner first-payout economics, Leeloo is worth considering.
Both firms operate futures-only models with similar Rithmic execution and NinjaTrader support. Take Profit Trader (rated 4.4/5 in our framework) has a simpler product structure and a strong Trustpilot signal. Leeloo has a longer operating history and the first-profit keep advantage. The choice largely comes down to whether the trader values product optionality (Leeloo) or simplicity (Take Profit Trader).
Given Leeloo's specific product complexity and rule patterns, certain trader practices produce meaningfully better outcomes:
Traders who follow these practices report substantially better outcomes at Leeloo than those who approach the firm without preparation. The complexity is real but navigable with deliberate approach.
Understanding Leeloo's place in the broader industry helps contextualise its strengths and weaknesses. The futures prop firm segment has evolved differently than the forex-focused segment. Where forex prop firms benefit from broker white-labelling arrangements that provide instant infrastructure, futures prop firms must integrate with Rithmic, TT, or CQG directly — creating a higher barrier to entry that has favoured firms with genuine operational capability.
Leeloo's five-year operating history places it in the older half of the futures prop segment. Firms younger than three years dominate by volume, but firms with five-plus year track records dominate by reliability signal. This asymmetry — many new firms, few long-standing ones — is the specific context that gives Leeloo's operating track record meaningful weight in the transparency framework.
Product complexity is Leeloo's most visible strategic choice. Where competitors like TradeDay and Take Profit Trader compete on simplicity, and Apex competes on scale, Leeloo has chosen to compete on product optionality. The 17-variant lineup allows Leeloo to match trader style with account structure precisely, but at the cost of purchase-decision friction. Whether this trade-off produces net positive or negative business outcomes is an empirical question — the fact that Leeloo has maintained the strategy for five years suggests the internal data supports it.
The 100% first-profit structure is a genuine competitive differentiator that peer firms have not widely replicated. Some competitors offer profit split enhancements at scaling milestones; few offer full 100% keep on any tranche of first profits. This is the feature that shows up most prominently in trader-recommendation content when Leeloo appears in comparison discussions.
Recent regulatory developments in the US futures prop space — including CFTC engagement with several firms in 2024-2025 — have not affected Leeloo directly per public information at time of writing. Firms with clean operational track records and clear US legal entity structures are lower risk of regulatory disruption than offshore or opaque competitors. Leeloo's Montana-based Natural Trading, LLC structure sits in this lower-risk category.
Leeloo Trading fits well for:
Leeloo is likely not the best fit for:
Leeloo Trading earns a 3.8 out of 5 in our review. This positions it in the upper Mixed to lower Good tier of prop firms we cover, alongside firms like SabioTrade and Blueberry Funded.
The strengths are real and worth weighing: five-year continuous operation, named founder with verifiable US legal entity (Natural Trading, LLC), Rithmic-grade execution infrastructure, the 100% first-profit keep structure, and a liberal prohibited strategy list. These are exactly the transparency and operational fundamentals that separate durable firms from quick-launch competitors.
The weaknesses are also real: 17-variant product complexity, documentation inconsistency on Performance Account fees, recent Trustpilot score decline, 30-day minimum trading day requirements that frustrate faster-passing traders, and subscription cancellation mechanics that catch some users off guard. None of these are deceptive — they are all disclosed and documented — but their combined effect creates a higher-friction experience than simpler competitors offer.
For committed futures traders willing to invest time in product selection and comfortable with the specific rule structure, Leeloo Trading is a credible option in an industry where credible options are the exception. As always: verify current PA fee structure directly in the Leeloo dashboard before purchase, choose your account variant deliberately, and treat subscription cancellation as a distinct explicit step from account closure.