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Paul
Written by Paul
Updated May 14, 2026 · v2 review

Legends Trading Review 2026 — Rules, Accounts, Drawdown & Payouts

▸ Bottom Line
  • ·Uses EOD trailing that never locks — maximum profit retention.
  • ·Cheapest entry: Elite Step 2 $25K at $99.
  • ·Best profit split available: 90/10.
Profit split: 90/10
Payouts: Up to twice per month after co
Drawdown: Eod Trail
Platforms: Tradovate, NinjaTrader, Rithmic, Sierra Chart, Quantower

Account Types & Pricing

12 account types available. Pricing verified May 14, 2026.

Plan Price Cycle DLL Split Paul-tested
Apprentice $25K $165 4-day None 90/10 No
Apprentice $50K $185 4-day None 90/10 No
Apprentice $100K $225 4-day None 90/10 No
Apprentice $150K $320 4-day None 90/10 No
Elite Step 2 $25K $99 None 90/10 No
Elite Step 2 $50K $149 None 90/10 No
Elite Step 2 $100K $180 None 90/10 No
Elite Step 2 $150K $230 None 90/10 No
Straight to Master $25K $399 10-day None 90/10 No
Straight to Master $50K $499 10-day None 90/10 No
Straight to Master $100K $599 10-day None 90/10 No
Straight to Master $150K $699 10-day None 90/10 No

Who Legends Trading Is For (And Who It Isn't)

Match yourself to Legends Trading's structure before signing up. Based on the 12 account types, drawdown mechanic, and Paul's testing data.

✓ Good fit if you...
  • ·Systematic traders who close cleanly each day
  • ·Maximum profit-retention via trailing without lock
  • ·Aggressive sizers — at least one plan has no consistency rule on funded
  • ·Traders allergic to daily loss limits — at least one plan has no DLL
  • ·Cash-velocity seekers — fast payout cycles available
✗ Skip if you...
No major disqualifiers for Legends Trading's structure. Universal compatibility across trading styles.

Plan Economics: What Each Legends Trading Account Actually Costs You

The headline price isn't the full picture. Here's the per-account math — buying-power cost, risk buffer, and breakeven estimate based on standard 30%-buffer-utilization assumptions.

Plan Buy-in Risk buffer Cost per $1K BP Breakeven*
Apprentice $25K $165 $1,500 $6.60 ~1 cycles
Apprentice $50K $185 $2,000 $3.70 ~1 cycles
Apprentice $100K $225 $3,000 $2.25 ~1 cycles
Apprentice $150K $320 $4,000 $2.13 ~1 cycles
Elite Step 2 $25K $99 $1,250 $3.96 ~1 cycles
Elite Step 2 $50K $149 $2,200 $2.98 ~1 cycles
Elite Step 2 $100K $180 $3,000 $1.80 ~1 cycles
Elite Step 2 $150K $230 $4,500 $1.53 ~1 cycles
Straight to Master $25K $399 $1,500 $15.96 ~1 cycles
Straight to Master $50K $499 $2,000 $9.98 ~1 cycles
Straight to Master $100K $599 $3,000 $5.99 ~1 cycles
Straight to Master $150K $699 $4,000 $4.66 ~1 cycles

How to read this:

  • Buy-in = price you pay to start the evaluation (with PTV code applied where available).
  • Risk buffer = dollars between your starting balance and the Maximum Loss Limit — the absolute drawdown room before breach.
  • Cost per $1K buying power = price ÷ starting balance × $1,000. Lower = cheaper leverage. Useful to compare account sizes within the firm and across firms.
  • Breakeven estimate* = approximate number of payout cycles to recoup your buy-in, assuming you utilize 30% of your risk buffer profitably per cycle at the plan's profit split. This is a baseline expectation, not a guarantee — your actual cycle output depends on strategy and discipline.

*Breakeven uses a standard 30%-buffer-utilization-per-cycle assumption. Aggressive sizing can shorten breakeven (and increase breach risk); conservative sizing extends it.

Sweet spot for new users: Elite Step 2 $25K at $99 is the cheapest entry to learn Legends Trading's rules without risking a larger buy-in. If you're already confident in your strategy, sizing up to Apprentice $50K typically improves your cost-per-$1K-buying-power ratio.

How Legends Trading Drawdown Works

EOD · Trails up

Legends Trading uses end-of-day trailing drawdown that follows your highest EOD equity forever. The MLL never locks — it keeps moving up as your account grows. Intraday equity peaks don't affect it; only closing balance.

How Legends Trading's mechanic works in practice

  • Daily close determines the new MLL high-water mark.
  • A profit at close = MLL moves up by the profit amount.
  • A loss at close (with overall account still above MLL) = MLL stays at the previous high.
  • Intraday drawdown does NOT trigger the MLL — only EOD close matters.
  • No lock event. The mechanic favors profit retention but never gives back the protection of a locked floor.

Best fit

Best for systematic strategies that close positions cleanly each session. Maximum profit retention without the lock-up trade-off. Strong fit for traders who care more about pulling profits than protecting initial capital.

What to watch out for

  • The MLL keeps climbing forever — a 20% gain followed by a 15% retracement can still breach the account.
  • Without a lock, every winning streak creates a higher threshold for the next losing streak.
  • Holding a swing through close is risky — the EOD position decides whether the MLL moves up or stays put.

Calculate Your Drawdown

⚡ Tool

Pre-selected for Legends Trading. Full tool with all firms →

Step 1 — Pick your setup
Step 2 — Enter your numbers
$
$
Step 3 — Account snapshot
Healthy
Account well above MLL.
100%
Current MLL
$48,000
$2K below start
Risk Buffer
$2,000
Equity − MLL
Next Milestone
$3,000
First payout target
Days to Goal
~17
At your daily avg
Plain English: Calculating…
Quick switch:

Legends Trading vs Same-Mechanic Alternatives

4 other firms use the same drawdown mechanic. Side-by-side on the dimensions that matter most when choosing within a category.

Firm Plans Cheapest Mechanic
Legends Trading This page 12 $99 eod-trail
Alpha Capital Group 6 $50 eod-trail
AquaFutures 4 $166 eod-trail
BluSky 8 $497 eod-trail
Blue Guardian Futures 8 $99 eod-trail

All firms in this table use eod-trail drawdown. See all drawdown mechanics →

How Legends Trading Payouts Actually Work

Payout cycle ranges from 4 to 10 days depending on plan.

Cycle requirements per plan

  • Apprentice $25K — minimum 4 days between payouts on funded.
  • Apprentice $50K — minimum 4 days between payouts on funded.
  • Apprentice $100K — minimum 4 days between payouts on funded.
  • Apprentice $150K — minimum 4 days between payouts on funded.
  • Straight to Master $25K — minimum 10 days between payouts on funded.
  • Straight to Master $50K — minimum 10 days between payouts on funded.
  • Straight to Master $100K — minimum 10 days between payouts on funded.
  • Straight to Master $150K — minimum 10 days between payouts on funded.

Practical takeaway: Legends Trading's cycle length means you can realistically expect ~7 payouts per month on a profitable funded account. The actual processing time after request varies by method — pick the option that matches your residency and crypto-comfort.

Frequently Asked Questions About Legends Trading

What drawdown mechanic does Legends Trading use?
Legends Trading uses EOD trailing (no lock). The MLL trails up at end-of-day close and never locks — it keeps following your highest closing balance forever. Intraday drawdown doesn't affect it.
What account types does Legends Trading offer?
Legends Trading offers 12 account types: Apprentice $25K, Apprentice $50K, Apprentice $100K, Apprentice $150K, Elite Step 2 $25K, Elite Step 2 $50K, Elite Step 2 $100K, Elite Step 2 $150K, Straight to Master $25K, Straight to Master $50K, Straight to Master $100K, Straight to Master $150K. Account sizes range from $25,000 to $150,000.
How much does Legends Trading cost?
The cheapest entry is Elite Step 2 $25K at $99. The largest account size Apprentice $150K runs $320.
What's the profit split at Legends Trading?
Legends Trading pays 90/10 on all account types.
Does Legends Trading have a daily loss limit?
No. Legends Trading has no daily loss limit on any account type. Intraday drawdown is capped only by the overall Maximum Loss Limit.
Does Legends Trading have a consistency rule?
Yes. Apprentice $25K enforces 30% consistency; Apprentice $50K enforces 30% consistency; Apprentice $100K enforces 30% consistency; Apprentice $150K enforces 30% consistency; Elite Step 2 $25K enforces 40% consistency; Elite Step 2 $50K enforces 40% consistency; Elite Step 2 $100K enforces 40% consistency; Elite Step 2 $150K enforces 40% consistency; Straight to Master $25K enforces 30% consistency; Straight to Master $50K enforces 30% consistency; Straight to Master $100K enforces 30% consistency; Straight to Master $150K enforces 30% consistency.
How often does Legends Trading pay out?
Payout cycles range from 4 to 10 days depending on plan: Apprentice $25K = 4 days, Apprentice $50K = 4 days, Apprentice $100K = 4 days, Apprentice $150K = 4 days, Straight to Master $25K = 10 days, Straight to Master $50K = 10 days, Straight to Master $100K = 10 days, Straight to Master $150K = 10 days.
Has Paul personally tested Legends Trading?
Not yet. Legends Trading is on Paul's research-only review tier. The plan specs, mechanic, and pricing on this page are sourced directly from Legends Trading's help-center documentation. Personal testing data will be added once Paul has cycled an account.
What's Legends Trading's Trustpilot rating?
Legends Trading has a Trustpilot rating of 3.6/5 across 97 reviews. Note that prop firm Trustpilot pages skew negative (frustrated breached traders post more than satisfied funded ones) — read the actual review content rather than the score.
What trading platforms does Legends Trading support?
Legends Trading supports 5 platforms: Tradovate, NinjaTrader, Rithmic, Sierra Chart, Quantower.
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Legends Trading