No it's not. LEO is Low Earth Orbit, moon would be LLO (Low Lunar Orbit).
I agree with Urwumpe, before we go anywhere else, we need to get to nearby. If we build up orbital bases it allows us to gain much needed experience for self-sufficient missions, with capability for rescue if something goes wrong.
There are two main places you could practice for a mars mission:
1. Lunar Orbit - Allows you to practice similar maneuvers, which could just as easily be done in a simulator (not that it matters, as it will be controlled). Being in LLO makes you more remote from humanity, which despite the realism, is a hazard when trialling new systems. Also requires extra money to send the extra weight to the moon, have more fuel for returning to earth, requires a bigger launcher to launch the bigger craft...
2. Earth Orbit - Has all the advantages of the above, minus the remoteness, but it's much easier to get extra supplies etc. to the craft (if absolutely necessary). You could put the capsule and modules (assuming modular construction, which I am in favour of) on conventional boosters, reducing costs even further. The deorbting stage could be much smaller, and thus cheaper, and would be lighter, thus allowing you to get more into orbit using the same number of boosters.
One of the main advantages of having the craft near earth is that you can send up new technologies as they are developed, find bugs, and see which works better.