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Legends Trading Overview

Legends Trading
Legends Trading
Unverified
CEO:Greg Khojikian
United StatesFlag of United States
Founded:2017
Trustpilot:4/5
Prop Score
N/A
Unverified Firm
4.5
2 total reviews
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Data sourced from public information — may be incomplete or outdated

Account Size

Account Type

Drawdown Type

EOD

Max Allocation

$1,500,000

Account details are unverified — confirm directly with the firm before purchasing

Showing rules specific to Legends Trading Apprentice $50K.

Profit Target

$3,000 profit target to pass the evaluation.

Maximum Drawdown

$2,000 maximum drawdown. End of Day (EOD) Trailing. Your maximum drawdown trails up at the end of each trading day based on your highest end-of-day balance. Intraday fluctuations do not affect the drawdown level.

Daily Loss Limit

No daily loss limit.

Consistency Rule

No consistency rule. You can pass in as few trading days as you like.

Minimum Trading Days

1 trading day required.

Maximum Contracts

Maximum position size: 2 mini contracts or 20 micro contracts.

Subscription

Monthly subscription ($59/month). Your account rebills every 30 days until you pass.

Reset Fee

$55 reset fee to restart your evaluation from the beginning.

Trading Rules

  • News trading is permitted. You may hold trades through news events.
  • Positions must be closed before market close on Friday. Failure to close positions may result in an automatic breach.
  • Overnight holding is not permitted. All positions must be closed by end of each trading session (typically 5:00 PM ET for futures).
  • Hedging is not permitted. You cannot hold opposite positions (long and short) on the same instrument at the same time.
  • Holding mini and micro contracts at the same time is allowed.
  • Copy trading is permitted. You may copy trades between your own accounts.
  • Automated trading is not permitted. Manual trading only.
Data sourced from public information — may be incomplete or outdated

Maximum Drawdown

$2,000 maximum drawdown. Once your balance reaches $52,100, the drawdown locks at $50,100 and no longer trails.

Daily Loss Limit

No daily loss limit.

Maximum Contracts

Maximum position size: 2 mini contracts or 20 micro contracts.

Consistency Rule

36% Consistency Rule. No single trading day's profit may exceed 36% of your total profit.

Minimum Trading Days

7 minimum trading days required on your funded account.

Minimum Profitable Days

7 profitable trading days required. A profitable day requires earning at least $200.

Maximum Accounts

Maximum 5 funded accounts per trader.

Inactivity Rule

Account will be closed after 30 consecutive days without placing a trade.

Activation Fee

$99 one-time activation fee to start your funded account.

Resets

No resets available. If you breach, you must purchase a new account.

Trading Rules

  • News trading is not permitted. Positions must be closed before major news events.
  • Positions must be closed before market close on Friday. Failure to close positions may result in an automatic breach.
  • Overnight holding is not permitted. All positions must be closed by end of each trading session (typically 5:00 PM ET for futures).
  • Hedging is not permitted. You cannot hold opposite positions (long and short) on the same instrument at the same time.
  • Holding mini and micro contracts at the same time is allowed.
  • Copy trading is permitted. You may copy trades between your own accounts.
  • Automated trading is not permitted. Manual trading only.
Account details are unverified — confirm directly with the firm before purchasing

Profit Split

You keep 90% of your trading profits.

Payout Frequency

On-demand payouts. You need at least 7 profitable trading days before your earliest eligible payout.

Profit Goal

First payout requires $3,000 profit. Subsequent payouts require $2,000.

Payout Eligibility

Before requesting a payout: 7 profitable trading days required. A profitable day requires earning at least $200.

Winning Days Required

7 profitable trading days required for payout eligibility.

Minimum Balance

Your account balance must be at least $52,000 to request a payout.

Minimum Payout

$1,000 minimum per payout request.

Maximum Payout

$1,200 maximum per payout.

Buffer Requirement

$2,000 buffer must be maintained. You cannot withdraw into this buffer.

Processing Time

Payouts are typically processed within 2-5 business days after approval.

Path to Live

After reaching $30,000 in total profits, you may qualify for a live funded account with up to $10,000 in capital. You start with $2,000 in the live account.

Payout information is unverified — confirm directly with the firm

Legends Trading Compatible Tools (1)

Tools that support the same trading platforms

The Bottom Line

Last updated April 2026

This editorial assessment is based on unverified public data and may not reflect the firm's actual offering.

Legends Trading has been around since 2017, making it one of the longer-running firms in the space. They offer 2 account types with challenge fees ranging from $59 to $347. Funded traders receive a 90% profit split. They mainly offer end-of-day trailing drawdown challenges, but their Elite plan switches to intraday trailing on the funded account, meaning it adjusts in real time as your balance rises, including on unrealised gains. This is stricter than the EOD trailing drawdown. Payouts can be requested as quickly as 5 trading days on their Elite account or up to 7 trading days on their Apprentice account, with a stated processing time of 2-5 business days.

Strengths

  • ✓90% profit split across all account types
  • ✓Operating since 2017 (9 years)
  • ✓Challenges from $59
  • ✓Payouts as fast as 5 trading days on Elite accounts
  • ✓News trading allowed

Weaknesses

  • ✗Elite accounts use EOD trailing in evaluation but switch to intraday trailing when funded, which tracks unrealised gains in real time (Apprentice use a different drawdown type)
  • ✗Consistency rule on Elite (40%, eval + funded), Apprentice (36%, funded only)

Who Should Choose Legends Trading?

Active traders who want frequent payouts (every 5 trading days)Budget-conscious traders (challenges from $59)Traders aiming for a path to live funded tradingScalpers and news traders with no minimum hold time restrictions
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Legends Trading
Legends Trading
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