What Is Legends Trading?
Legends Trading is a proprietary trading firm that provides aspiring and experienced traders with access to institutional-grade capital. Instead of trading with your own savings, Legends Trading allows you to prove your skills through a structured evaluation process. Once you pass, you get to trade a funded account and earn a significant share of the profits.
Unlike traditional prop firms that require steep upfront deposits or demand co-located office hours, Legends Trading operates virtually. This setup makes it ideal for remote traders, freelancers, and digital nomads. The firm focuses on performance, risk management, and consistency, not your resume or past employment history.
The concept is simple but powerful. If you have the ability to manage risk and generate consistent returns, Legends Trading equips you with the capital. They take on the financial risk, while you take home the reward. It’s a win-win for both the trader and the firm.
But there’s more to it than just getting access to capital. The platform also offers educational resources, community support, and robust analytics to help traders continuously improve. It’s not just about passing a challenge; it’s about building a sustainable trading career.
Traders are given clear rules, transparent expectations, and room to grow. And with some of the highest profit splits and lowest restrictions in the industry, Legends Trading has quickly become a go-to choice for serious traders aiming to scale.
How the Legends Trading Prop Firm Challenge Works
To gain access to a funded trading account, you must first complete the Legends Trading Prop Firm Challenge. This challenge functions as both a skills assessment and a test of your risk management capabilities. It evaluates your ability to trade responsibly, generate profits consistently, and maintain discipline under pressure. These are the core qualities needed for success when managing real capital.
This is not an elaborate trap designed to make you fail. On the contrary, the rules are transparent, the objectives are attainable, and the trading environment closely resembles what you’ll experience once you are funded.
Let’s explore the key steps involved in the challenge:
Choose Your Account Size and Profit Split
Legends Trading provides several account sizes, ranging from smaller options for beginners to six-figure evaluations for seasoned traders. You select the account size based on your trading goals, risk tolerance, and strategy.
Each account type includes a predefined profit split. For instance, with a 90/10 split, you keep 90 percent of the profits while the firm retains 10 percent. This is one of the most trader-friendly models available in the industry and allows you to retain a significant portion of your earnings.
You also have flexibility when it comes to fee structures. Some accounts involve a one-time fee, while others use a monthly subscription model, especially for scaling plans. This setup supports both cautious traders and those aiming for aggressive growth.
Complete the Legends Trading Prop Firm Challenge
Once your account is activated, your goal is to reach the profit target within a specific number of trading days without breaking any of the risk rules. These include limits on daily loss, trailing drawdowns, and other important metrics.
Many firms place strict limitations on trading times or prohibit trading during major economic news releases. Legends Trading offers a more flexible approach. You can trade at your preferred times and follow your strategy, as long as you respect the firm’s risk parameters.
The purpose of this phase is to ensure that you are not relying on a lucky streak. You must show consistency, discipline, and the ability to manage both profit and loss with a clear head. It’s about proving you can handle capital responsibly, not just gamble your way to a target.
Pass Evaluation and Get Funded
After achieving the profit target and complying with all risk rules, you will pass the evaluation. Legends Trading then reviews your performance and approves you for a funded account.
At this point, you transition from a simulated environment to trading real capital. This is where your trading becomes a professional endeavor. Your results will now directly influence your income and growth opportunities.
The transition is usually quick and seamless. Most traders receive access to their funded accounts within a few business days. From then on, you’re expected to apply the same trading discipline that helped you pass the challenge.
Start Live Trading
Once you are funded, you begin live trading with Legends Trading’s capital. You can trade across various markets including forex, commodities, indices, and cryptocurrencies, depending on your preferences and expertise.
You will become eligible for profit withdrawals as soon as you start earning. Continued performance opens the door to higher earnings and the chance to scale up your account through one of Legends Trading’s advanced scaling programs.
Your mission at this point is clear. Focus on consistent execution, disciplined risk management, and ongoing improvement. The capital is provided. The rest is up to you.
What Are the Options For Funded Accounts?
Legends Trading offers a variety of funded account options designed to accommodate traders of all levels, from cautious starters to high-capacity strategists. Each account type comes with a unique balance of risk parameters and monthly pricing, giving you the flexibility to select the challenge that best aligns with your trading style and growth ambitions.
All accounts are structured with a 6% profit target, and they use a trailing drawdown model, which dynamically tracks your account equity as you grow. The larger the account, the tighter the drawdown, encouraging professional-level risk management as the stakes increase.
Here’s a breakdown of the funded account options currently available:
Account Size | Challenge Fee | Profit Target | Max Daily Drawdown | Max Overall Drawdown |
$25,000 | $165/month | 6% | 3% | 6% (Trailing) |
$50,000 | $185/month | 6% | 2% | 4% (Trailing) |
$100,000 | $225/month | 6% | 1.50% | 3% (Trailing) |
$150,000 | $320/month | 6% | 1.20% | 2.6% (Trailing) |
These accounts are competitively priced and structured to reward consistency, patience, and precise risk control. Whether you’re looking to scale steadily or hit the ground running with a larger capital base, Legends Trading provides the infrastructure to support your goals.
You can switch account sizes or upgrade later, depending on your performance and comfort level. Many traders start with a mid-sized account and then scale up once they’ve built confidence in both the rules and their strategy within the platform’s environment.
Profit-Sharing Models
Legends Trading understands that success should be a two-way street. That’s why they offer competitive profit-sharing models that reward disciplined, consistent traders while keeping the firm’s long-term risk manageable.
Unlike firms that nickel-and-dime traders with low splits or performance hurdles, Legends Trading lets you keep the lion’s share of your profits once you pass the challenge and begin trading a live account. The model is straightforward, transparent, and built with trader satisfaction in mind.
Here’s what you can expect:
Standard Profit Split
- Up to 90% Profit Share: Most accounts come with a 75% to 90% profit split, depending on the account size and trader performance. New traders typically start at 75%, but can graduate to 90% after meeting specific consistency benchmarks.
- No Hidden Fees: Legends Trading does not sneak in performance fees or management charges that dilute your earnings. You earn, they pay. Simple as that.
- Scaling Bonus: Traders who meet scaling criteria not only get access to larger account sizes but can also receive bonus profit percentages or accelerated payouts.
Payout Process Transparency
Once you begin trading live and generate profits above your drawdown threshold, you’re eligible for payouts. Most traders receive payouts monthly, with some plans offering bi-weekly options based on volume and consistency.
All profit splits are clearly documented in your account dashboard, including real-time tracking of eligible withdrawals, cumulative profits, and any scaling milestones you are approaching.
Performance Incentives
In addition to high base profit splits, Legends Trading occasionally runs promotions or incentives for standout performers. These can include:
- One-time profit bonuses
- Reduced or waived challenge fees
- Free retakes for near-miss traders
- Access to exclusive educational resources and strategy sessions
This system encourages high-performing traders to remain consistent while offering a light at the end of the tunnel for those who may fall just short of targets on their first try.
Scaling Plans
Legends Trading doesn’t just fund you and wish you luck. They actively support your growth with a well-structured scaling plan designed to reward traders who demonstrate consistent performance, low risk, and high discipline.
Scaling is essential if you’re looking to transition from part-time profits to full-time trading income. Legends Trading recognizes this and offers clear benchmarks to help you climb the funding ladder without jumping through hoops.
How the Scaling Plan Works
The firm evaluates your trading performance every 30 to 60 days. If you meet specific criteria, your funded account size is increased. Think of it like unlocking new levels in a video game, except your “XP” is built through solid trading habits, not button mashing.
Here’s what they typically look for:
- Consistent Profitability: Hitting the 6% monthly target or exceeding it while maintaining minimal drawdowns.
- Risk Management: Staying well below daily and trailing drawdown thresholds shows maturity and control.
- Trading Days Minimum: You must be active over a defined number of days (usually 10–15 per month) to qualify for review.
Scaling Tiers and Rewards
The firm increases account sizes in tiered increments. For example:
- A $25K account may scale to $50K after 60 days of strong performance.
- From $50K, you could be bumped to $100K, then $150K, and beyond.
Some traders have reportedly scaled to over $500K in managed capital, with consistent compounding returns and increasingly favorable profit splits.
Why Scaling Matters
Here’s the real kicker. With each scaling jump, you not only gain access to more trading capital but also increase your payout potential without taking on personal risk. This makes it easier to:
- Increase position size
- Diversify across markets or timeframes
- Smooth out drawdowns with larger capital buffers
For ambitious traders, the scaling plan isn’t just a bonus — it’s a core component of their trading career path.
Legends Trading’s Rules and Restrictions
While Legends Trading is known for its flexibility and trader-friendly structure, it does have a clear set of rules to protect both the trader and the firm. These rules are not meant to limit your style but to encourage discipline, consistency, and sustainable risk management.
Understanding these guidelines is essential if you want to avoid setbacks during your evaluation or while trading a funded account.
Risk Management Guidelines (Trailing Drawdown, Max Daily Loss)
One of the most critical rules involves risk control, which helps separate lucky traders from genuinely skilled professionals.
- Trailing Drawdown: This is a dynamic limit that moves up with your equity as you make profits. It trails your account balance and locks in profits while allowing room to trade. If you drop below the trailing threshold, the account is breached. It’s designed to simulate the responsibility of managing real capital.
- Maximum Daily Loss: Traders must not exceed a fixed percentage of daily drawdown, usually around 3% for smaller accounts and even tighter for larger ones. This keeps traders from over-leveraging or revenge trading after a loss.
- No Martingale or Grid Systems: These high-risk strategies are explicitly prohibited. Legends Trading wants sustainable performance, not high-risk gambling.
Traders must agree to these parameters before beginning any challenge or funded trading phase.
News Trading, Overnight Holds, and Other Restrictions
Although Legends Trading is more flexible than many firms, a few restrictions are in place to mitigate unnecessary risk.
- News Trading: Some challenges may restrict trading during major economic announcements, such as NFP or FOMC releases. These windows are disclosed clearly, and violations may lead to disqualification.
- Overnight & Weekend Holds: Depending on your account type, holding positions overnight or over the weekend may be restricted. Traders who need these capabilities should look for account tiers that specifically allow it.
- No Copy Trading or Signal Services: All trades must be executed by you and reflect your strategy. Copy trading, social trading, or following signal providers is not permitted and may result in termination.
Consistency and Scaling Rules
One of the most unique rules at Legends Trading is its consistency requirement, which aims to ensure traders aren’t just relying on a single large winning day.
- No Overweight Days: For example, if 80% of your total challenge profits come from one trade or one day, you may be flagged for review even if you meet the profit target.
- Balanced Performance: The goal is to promote risk-aware traders who can perform across multiple market conditions, not just hit one home run.
Consistency is also a factor in your eligibility for scaling. Traders who show gradual equity growth across multiple trading days will unlock additional capital faster than those with a few explosive trades followed by drawdowns.
Payment, Withdrawals, and Payout Process
When it comes to money, transparency and speed matter. Legends Trading makes this a priority by providing straightforward fee structures, prompt withdrawal processing, and fair payout timelines. This builds trust between the trader and the firm while maintaining the professional integrity of the relationship.
Here’s everything you need to know about the financial side of working with Legends Trading.
Fee Payments (for Challenges and Funded Accounts)
Before you start your evaluation, you’ll need to pay a monthly fee based on your chosen account size. This fee grants you access to the platform, performance tracking, and real-time account monitoring. It also covers administrative and tech support costs during your challenge.
Referencing the earlier table:
- $25,000 account: $165/month
- $50,000 account: $185/month
- $100,000 account: $225/month
- $150,000 account: $320/month
There are no hidden fees or surprise renewals. If you want to retake the challenge or upgrade your account, you’ll need to opt in and pay manually. The structure is clear and predictable.
Funded traders do not pay additional recurring fees after passing the challenge unless they choose to scale up or switch accounts. This approach allows traders to focus on performance rather than worrying about ongoing costs.
Profit Withdrawals and Payout Schedules
Once you’re trading a live funded account, you’re eligible for regular withdrawals as soon as you generate profits beyond your drawdown threshold. Here’s how it works:
- Payout Frequency: Withdrawals are typically processed monthly, though some accounts allow bi-weekly payouts if certain consistency conditions are met.
- Minimum Withdrawal: There may be a minimum profit threshold, usually around $100 to $200, before initiating a payout.
- Withdrawal Methods: Legends Trading supports a range of methods including bank transfers, PayPal, and crypto. The process is smooth and often completed within 2 to 5 business days.
- No Withdrawal Penalties: Traders keep their agreed share of profits with no clawbacks or fees on withdrawals, as long as they follow the rules and maintain the required drawdown levels.
For many traders, fast and hassle-free payouts are the ultimate proof of legitimacy. Legends Trading delivers on this front, consistently receiving positive feedback for honoring withdrawal requests without delay or complications.
Comparison: Legends Trading vs Other Top Prop Firms
Feature | Legends Trading | Apex Trader Funding | Alpha Futures |
Account Sizes & Fees | $25K–$150K accounts, fees from $165 to $320 per month | $25K–$300K accounts, fees start at approximately $147/month | $50K–$450K accounts, fees range from $79 to $419/month |
Profit Target | 6% across all accounts | Around 6%, varies slightly by account size | Standard: 6%, Advanced: 8% |
Drawdown Rules | Trailing drawdown from 2.6% to 6%, daily drawdown 1.2%–3% | Trailing drawdown around 3% to 5%, no daily limit | End-of-day drawdown model, 3.5% to 4% max loss |
Profit Split | Starts at 75%, scales up to 90% | 100% on first $25K profit, then 90% after | Standard account offers 70–90%, Advanced offers flat 90% |
Scaling Options | Tiered scaling based on consistency | Up to 20 accounts per trader; scaling with performance | Incremental scaling, supports full-size contracts |
Evaluation Model | Monthly challenge with realistic targets and limits | One-step evaluation, minimum 7 trading days | Single-phase evaluation with Standard and Advanced tracks |
Payout Schedule | Monthly or bi-weekly depending on consistency | Payouts every 8 days via integrated platforms | Standard: every 14 days, Advanced: weekly after 5 days |
Trading Flexibility | Allows news and overnight trading (some limits apply) | Permits trading during news, holidays, no daily loss cap | Supports news trading, EOD drawdown, and low commissions |
Platform Support | NinjaTrader, Tradovate, futures-focused platforms | R Trader Pro, Tradovate, TradingView, others | NinjaTrader, CQG, Quantower, and commission-free options |
Reputation & Reviews | Growing reputation with solid trader feedback | High-volume payouts, fast-growing user base | Strong reviews, praised for EOD risk model and support |
- Legends Trading is best for traders seeking structure, strong risk controls, and growth incentives through scaling.
- Apex Trader Funding excels in simplicity and speed, with high profit retention early on.
- Alpha Futures appeals to experienced traders wanting elite account options, commission savings, and EOD flexibility.
Legends Trading Trader Support and Help
Email: info@thelegendstrading.com
Social Media Profiles
- Facebook profile with 71 followers
- X/Twitter profile with 530 followers
- Instagram profile has 149 followers
- YouTube channel has 3.4k subscribers and 87 videos
Trust Pilot Reviews
Legends Trader has received great customer feedback from its traders on Trust Pilot. With an overall score of 2.9 out of 5 from 2 reviews.
Conclusion
Legends Trading has carved out a solid reputation in the competitive world of prop trading by offering a fair, trader-first model that actually supports long-term success. With realistic profit targets, generous profit splits, consistent scaling opportunities, and fast payouts, it provides the type of trading environment that serious traders crave.
Whether you’re a beginner aiming for your first funded account or a seasoned pro looking to scale capital without the red tape, Legends Trading delivers a compelling alternative to more rigid or opaque prop firms.
What sets Legends apart isn’t just its rules or pricing—it’s the culture of transparency, support, and continuous growth. This is a firm that understands traders, listens to feedback, and builds systems that actually work in real-world conditions.
For those looking to elevate their trading career and tap into scalable, sustainable capital, Legends Trading offers more than a shot—it offers a strategy.
Yes, Legends Trading is a legitimate futures prop firm with verified Trustpilot reviews, fast payouts, and a growing community of funded traders.
Absolutely, if you follow the rules and maintain consistent trading discipline. Many traders report successful payouts and scalable growth.
You’ll need to repurchase the challenge and try again. However, some plans offer free or discounted retakes depending on your performance.
Some traders pass the evaluation in as little as two weeks. Once passed, accounts are typically funded within a few business days.
Yes, but with certain restrictions depending on the account tier. Always check your plan’s specific rules to stay compliant.
Yes, depending on your performance and scaling plan, you can manage multiple accounts or scale into larger capital allocations.
