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Legends Trading
Legends Trading
Legends Trading

Legends Trading Overview

CEO:Greg Khojikian
United StatesFlag of United States
Founded:2017
Trustpilot:4/5
Prop Score
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4.7
3 total reviews
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Broker
Tradovate
Tradovate
NinjaTrader
NinjaTrader
Payment Options
Credit Card
Credit Card
Payout Methods
Rise
Rise

Account Size

Account Type

Drawdown Type

EOD

Max Allocation

$1,500,000

Showing rules specific to Legends Trading Elite $100K.

Profit Target

$6,000 profit target to pass the evaluation.

Maximum Drawdown

$3,000 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

40% Consistency Rule. No single trading day's profit may exceed 40% of your total profit.

Minimum Trading Days

No explicit minimum, but the 40% consistency rule means you'll need at least 3 trading days.

Maximum Contracts

Maximum position size: 8 mini contracts or 80 micro contracts.

Subscription

One-time payment. No recurring charges.

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.

Maximum Drawdown

$3,000 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. Once your balance reaches $103,100, the drawdown locks at $100,100 and no longer trails.

Daily Loss Limit

$2,000 daily loss limit. If your daily loss limit is hit, trading is stopped for the day but your account is not failed. You can resume trading the next day.

Maximum Contracts

Maximum position size: 8 mini contracts or 80 micro contracts. Progressive scaling applies — your contract limits increase as you hit profit milestones.

Consistency Rule

Same as evaluation phase.

Minimum Trading Days

5 minimum trading days required on your funded account.

Minimum Profitable Days

5 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

No activation fee.

Resets

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

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.

Profit Split

You keep 90% of your trading profits.

Payout Frequency

On-demand payouts (if requirements are met).

Profit Goal

$3,500 profit required before requesting a payout.

Payout Eligibility

Before requesting a payout: 5 profitable trading days required. A profitable day requires earning at least $200.

Winning Days Required

5 profitable trading days required for payout eligibility.

Minimum Balance

Your account balance must be at least $103,500 to request a payout.

Minimum Payout

$500 minimum per payout request.

Maximum Payout

$3,000 maximum per payout.

Buffer Requirement

Payouts cannot take the balance below $103,000, a $3,000 buffer above the starting balance.

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 $3,500 in the live account. Live accounts start on an EOD trailing drawdown. Once the trader regains the starting balance, the drawdown becomes static and daily payouts unlock (account must be at least $100 above starting balance). Live funding is capped at $10,000.

Legends Trading Compatible Tools (2)

Tools that support the same trading platforms

The Bottom Line

Last updated October 2026

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. Payouts can be requested as quickly as 5 trading days on their Elite account or up to 7 trading days on their Apprentice account.

Strengths

  • ✓90% profit split across all account types
  • ✓Operating since 2017 (9 years)
  • ✓40% discount currently available
  • ✓Challenges from $59
  • ✓Payouts as fast as 5 trading days on Elite accounts
  • ✓News trading allowed

Weaknesses

  • ✗Consistency rule on Elite (40%, eval + funded), Apprentice (35%, 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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Frequently Asked Questions About Legends Trading

Legends Trading payouts by plan: Elite: on demand, capped at $800 (25K) to $3,500 (150K) per payout; and Apprentice: on demand, capped at $1,200 (50K) to $2,500 (150K) per payout. The profit split is 90% on every plan. Payout methods: Rise.

Every Legends Trading plan uses end-of-day (EOD) trailing drawdown. An end-of-day trailing drawdown is recalculated from your closing balance after each session, so the floor does not move up while you trade.

Legends Trading consistency rule by plan: Elite: 40% during the evaluation, 40% once funded; and Apprentice: 35% once funded. A consistency rule caps how much of your total profit a single trading day may make up.