Led by Greg Khojikian, a CEO with over 20 years of experience in futures trading, Legends Trading is a U.S. proprietary firm headquartered in Calabasas, California. Recognizing the hurdles aspiring funded traders face,Legends Trading was built to equip them with the resources and tools needed to thrive in the futures market. Through a meticulous evaluation process, Legends Trading seeks skilled individuals and equips them with capital (up to $250,000) to fuel their trading journey. Legends Trading stands out by providing access to advanced platforms like NinjaTrader and Tradovate. Additionally, they offer the unique advantage of managing up to 20 accounts simultaneously.
By providing significant capital, Legends Trading empowers funded traders to capitalize on bigger opportunities while focusing on honing their skills and achieving their trading goals.This minimizes risk for the trader while maximizing their earning potential. Legends Trading prioritizes financial control for its traders. Profitable traders can request profit withdrawals twice a month, ensuring a steady income stream and the flexibility to reinvest or withdraw funds strategically. This empowers them to adapt to market fluctuations and manage their finances effectively.
Legends Trading provides a user-friendly and comprehensive trader dashboard. This central hub keeps traders organized and optimizes their strategies. Effortless performance tracking, trend analysis, and account management tools put all the information needed for informed decisions and maximum success at the trader’s fingertips. In essence, Legends Trading partners with skilled futures traders, providing them with the resources and flexibility to achieve their trading goals.
Legends Trading seeks exceptional futures traders to invest in. Their evaluation process is designed to identify individuals with the skills and discipline to excel in this demanding market.
Before You Begin: Practice Makes Perfect
- Legends Trading Practice Account: Hone your skills and get comfortable with the platform before diving into the evaluation.
- Risk-Free Environment: This practice account grants access to Level 1 CME Bundle and your choice of NinjaTrader or Tradovate. It’s a safe space to experiment, gain market experience, and familiarize yourself with the platform’s features.
Step 1: Showcase Your Talent
- Quick-Start Packages: Legends Trading offers user-friendly packages called “Apprentice Legend” accounts.These plans allow you to showcase your trading abilities in a controlled environment that mimics real-world trading.
- Choose Your Challenge: Select a plan that aligns with your goals. Each plan has specific profit targets and minimum trading durations (10 days).
- Prove Your Skills: During the evaluation, demonstrate your trading prowess by achieving the target profit,implementing sound risk management, and maintaining appropriate position sizes.
Step 2: The Trading Combine – Level Up Your Skills
- Live Trading Environment: Ready for the next step? The Trading Combine puts your skills to the test in a realistic live trading scenario.
- Demonstrate Consistency: Achieve the designated profit goal while actively trading for the required duration, all without incurring account liquidation. This step validates your risk management skills and consistent growth potential.
Step 3: Master Your Craft with a Funded Account
- Unlock Your Potential: Successfully navigate the Apprenticeship Program and gain access to a Live Performance Master Account. This is your funded account, where you can showcase your expertise and generate profits while requesting withdrawals.
- Legends Trading – Your Partner in Success: Legends Trading becomes your partner in your trading journey,providing the resources and support you need to thrive.
Apprentice Legend Accounts breakdown and pricing table:
Subscription and Cancellation:
- A Legends Trading subscription is required to access the evaluation process. It renews every 30 days until you pass or cancel.
- Unsuccessful Evaluations: If you fail an evaluation, it resets upon subscription renewal. You can either retry or cancel your subscription within your account settings.
In short, the Legends Trading evaluation process offers a clear path for talented traders to showcase their skills and gain access to funded accounts.
Legends Trading provides a transparent path to unlocking your trading potential with clear rules governing the funded account process.
Apprenticeship Evaluation Objectives:
- Reach and maintain a profit above the Profit Target for the evaluation
- No flipping
- Drawdown
- Maintain the Consistency Target: Best Trading day is less then 30% of total profits goal
- Trade a minimum of 7 days
Rules:
- Do not trigger the EOD Trailing Drawdown
- Do not exceed your Maximum Position Size
- Only trade permitted products during permitted times
After passing the Evaluation, your evaluation will be reviewed and a Master account will be sent to you to start the next phase of your journey.
Master Account Objectives
- Have an Active Subscription (Pending Cancel considered Not Active)
- Continue trading your plan and generate Profits
- Must use stops
- Live Trailing Drawdown stop at starting balance plus $100
- Maintain the Consistency Target: Best Trading day is less then 30% of total profits
- Follow the withdrawal profits rules to have with draw profits
Rules:
- Have an Active Subscription (Pending Cancel considered Not Active)
- Only trade permitted products during permitted times
- Do not allow your account balance to trigger the Live Trailing
Prohibited Tactics During Evaluation:
- Exploiting System Errors: Taking advantage of price errors or delays is strictly prohibited.
- Disruptive Behaviors: Spoofing or manipulative strategies are not allowed.
- Abusing Simulation Features: Rapid trades for queue advantage or exploiting the lack of slippage are unrealistic market practices.
- Over-Reliance on Specific Tools: Using tight brackets or auto-breakeven to guarantee fills can create offsetting trades, violating exchange rules.
- Excessive Trading Volume: Trading unrealistic contract numbers (e.g., exceeding 500) is not indicative of real-world performance.
- Unsustainable Practices: Any activity that contradicts real-world trading or could harm Legends Trading is prohibited.
- Bypassing Restrictions: Circumventing geographical or technical limitations is not allowed.
- Account Sharing/Trading for Others: Aggregating activities or trading on behalf of others is strictly forbidden.
- Unethical Behavior: Any conduct deemed uncommercial, manipulative, or unsustainable will be addressed.
Legends Trading prioritizes education. They handle violations on a case-by-case basis, aiming to guide you towards success. Actions may include warnings, deletion of trading days, account reset, or closure.
By understanding these clear rules, you can navigate the Legends Trading evaluation process with confidence and focus on achieving your trading goals.
At Legends Trading, talented traders are rewarded with quick and convenient access to their hard-earned profits.
Reaching the Legends Maker Stage:
- Consistent Performance Rewarded: This stage is reserved for traders who demonstrate consistent success.
- Unlock Profit Withdrawals: Once you meet the minimum trading days and profit goals, you’ll be eligible to request immediate profit payouts.
Accessing Your Profits:
- Multiple Withdrawal Options: Legends Trading uses Plane as their secure payment processor. Simply request funds through the trader portal, and they’ll be processed within 1-5 business days.
- Flexible Payout Schedule: Enjoy the freedom to request profits twice per month. Submit requests by specific dates for payouts on the 15th or last day of the month.
Payout Details:
- Minimum Trading Activity: To request a payout, you must have at least 10 individual trading days within the period between payout requests.
- Minimum Payout Amount: The minimum withdrawal amount is $1,000 for the first three months (regardless of how many withdrawals you take per month).
- Maximum Payout Limits (First 3 Months): To ensure responsible risk management, there are maximum withdrawal limits in place for the first three months:
- $25,000 Account: Max $1,500 per payout
- $50,000 Account: Max $2,000 per payout
- $100,000 Account: Max $2,500 per payout
- $150,000 Account: Max $2,750 per payout
- $250,000 Account: Max $3,000 per payout
- Limits Lifted After 3 Months: These maximum withdrawal limits are removed after your third successful withdrawal month.
- Maintaining Account Balance: A minimum account balance threshold (starting balance + $100) must be maintained after each withdrawal to ensure responsible trading practices.
For complete details and up-to-date information, refer to the Legends Trading client portal.
Legends Trading equips you for success with industry-leading platforms and a vast selection of markets.
Unleash Your Trading Potential:
- Advanced Platforms: Leverage the power of NinjaTrader and Tradovate. These platforms offer advanced tools and functionalities you need for:
- In-Depth Market Analysis: Gain valuable insights with advanced charting and technical indicators.
- Automated Trading Strategies: Develop and implement algorithmic trading strategies.
- Seamless Order Execution: Execute trades efficiently with a user-friendly interface.
Trade from Anywhere:
- Platform Versatility: Trade on the go with mobile apps or from the comfort of your home office using desktop platforms for Mac or PC. Legends Trading provides the flexibility to suit your trading style and location.
Unparalleled Market Access:
- Trade Your Favorite Markets: Explore a wide selection of US futures contracts, including:
- Stock Market Indexes: S&P 500 (ES), Nasdaq 100 (NQ)
- Commodities: Crude Oil (CL), Gold (GC)
- Global Indices: Nikkei 225 (NKD)
- Cryptocurrencies: Bitcoin (BTC)
- And Many More!
This powerful combination empowers you to tailor your trading experience and capitalize on opportunities across a wide range of asset classes.
Legends Trading keeps the thrill alive with innovative tournaments designed for traders of all levels. These events combine skill, strategy, and friendly contest, offering a chance to showcase your expertise in the dynamic world of futures trading.
Join the Legends Arena!
- Inclusive and Competitive: Multiple entries are allowed, making these tournaments ideal for both seasoned veterans and aspiring traders.
- Two Exciting Tournaments:
- Grand Prix Evolution: Compete for a nominal entry fee of $124. Win a $125,000 virtual trading account,trading platform access, real-time market data, and a performance tracking dashboard. Top 3 finishers win even bigger prizes, including a Flytech computer for the champion!
- World Cup Virtual Trading Championship®: Secure your spot for just $99. Compete for a $10,000 virtual trading account, trading platform access, real-time market data, and a performance tracking dashboard. The top 3 winners walk away with funded account evaluations ranging from $50,000 to $150,000!
More Information: Click here for details on entry fees, registration dates, and tournament start times.
Daily Ranking System:
- Legends Dashboard: Track your progress and see how you stack up against the competition. The daily updated rankings in the Legends Dashboard area fuel the competitive spirit and allow you to adapt your strategy throughout the tournament.
Compete. Earn. Ascend.
These tournaments offer more than just bragging rights. The top performers are rewarded handsomely, making every trade count.
Ready to test your skills and potentially gain access to a funded account? Sign up for a Legends Trading Tournament today!
Legends Trading, led by CEO Greg Khojikian (with 20+ years of experience), is a new player in the futures prop trading scene. Let’s explore the potential benefits and drawbacks to consider if you’re an aspiring funded trader.
- Experienced Leadership: Backed by a team with a proven track record in futures trading.
- Scalable Capital: Access a range of account sizes ($25,000 - $250,000) to fit your trading goals.
- Transparency: No hidden fees or surprise rules hinder your progress.
- Unrestricted Trading: Trade freely with unlimited days and manage up to 20 accounts simultaneously.
- Tournaments and Challenges: Hone your skills and potentially win funded accounts through their tournaments.
- Favorable Profit Split: Keep a significant portion (90%) of the profits you generate.
- Advanced Tools: Utilize industry-leading platforms like NinjaTrader and Tradovate with advanced functionalities on mobile and desktop.
- Fast and Secure Payouts: Receive your hard-earned profits quickly and conveniently through Plane.
- Newcomer Status: As a new entrant, Legends Trading lacks the established reputation of some competitors.
- Limited Educational Resources: Currently, they don't offer dedicated educational resources for aspiring traders.
- Minimum Trading Activity: Maintain a minimum of 10 trading days per evaluation period.
Legends Trading offers a promising path for skilled futures traders seeking substantial capital. Their transparent structure and focus on experienced leadership are clear advantages. However, the lack of educational resources might be a hurdle for beginners. If you’re confident in your skills and meet the performance requirements, Legends Trading could be a springboard for your trading career. Consider starting with the practice account to hone your skills and build a solid foundation before attempting the evaluation.
With its focus on advanced tools and a commitment to fostering skilled traders, Legends Trading has the potential to become a major player in the futures prop trading industry. Their data-driven approach combined with a talent for nurturing top performers creates a promising future.
FAQs
Our Legends Trading quick-start packages are easy to use. Select one of our trading packages based on your goals, skills, and comfort level. Trade in our Live Evaluation, and if you achieve the designated profit goal for the package you’ve selected, X-, properly managing your risk and position size, and trade for ten days you are eligible to move to step 2, our
The Legends Trading programs are designed to simultaneously test your trading strategy and risk management skills. If you exceed your Max Drawdown, your current evaluation will be disqualified from funding. You will need to purchase a Reset or wait until the renewal of your subscription for a complimentary Rest for Disqualified clients.
While managing risk is one of the most important aspects of trading, making a consistent profit is also an essential criterion. The 10-day rule is the minimum needed for the Evaluation to be considered accurate, but candidates can take as long as they need to pass the evaluation.
Becoming a Legends Funded Trader can happen in as little as 10 days. First, you’ll demonstrate your skill in our Live Evaluation. Then, if you meet the simple criteria of that process, you’ll move on to the Live Simulation in Step 2. If you meet the requirements in our Live Simulation, you’ll be eligible for evaluation by one of our Funding Partners.
The Legends Master Account stage is to identify Future Legends that can show consistency in their performance. Once you’ve met the qualifications of minimum days traded and the profit goal, you’ll be able to request a profit payout immediately.
After qualifying for a Legends Master account, you’ll be able to request your profits through the client portal via Bank Wire, ACH, PayPal, and Crypto.
Once you are matched with one of our funding partners, your trades will be executed through a regulated, licensed brokerage. Simply log into the client portal and request funds which will be processed within 1-5 days.
Legends Trading offers trade execution on NinjaTrader and Tradovate.
Yes. You can manage multiple accounts at one time using the same credentials. Raising capital for your trading has never been easier than a few clicks away.
