Established by a seasoned group of futures trading experts and spearheaded by CEO Greg Khojikian – who brings over 20 years of industry experience – The Legends Trading is a proprietary trading firm located in Calabasas, California. The company was founded with a clear mission: to address the obstacles that aspiring funded traders often face, providing essential tools and resources to thrive in the futures market.
The Legends Trading presents a distinct opportunity for adept traders. By conducting a comprehensive evaluation process, the firm identifies proficient individuals and provides them with up to $250,000 in trading capital and is notable for its use of premier platforms such as NinjaTrader and Tradovate, coupled with the flexibility to manage up to 20 accounts at once. By giving access to substantial capital, Legends Trading empowers skilled funded traders to make the most of market opportunities, allowing them to concentrate on refining their skills and reaching their trading objectives. This approach minimises the trader’s risk while maximising their potential for success.
At Legends Trading, they understand the importance of keeping control over your own finances. They therefore offer successful traders the opportunity to request their profits bi-monthly. This means you can enjoy a steady income stream while deciding whether to reinvest or withdraw your funds as you see fit. This flexible system allows you to adapt to market changes and manage your finances more strategically.
Moreover, Legends Trading features an intuitive and all-encompassing trader dashboard. This centralised hub allows you to keep everything in order and streamline your strategies. With easy access to performance metrics, trend analysis, and account handling, you’ll have all the tools at your disposal to make well-informed choices and become a successful trader.
Legends Trading seeks to identify traders with exceptional talent to potentially sponsor and develop their careers. This evaluation process plays a crucial role in determining who has the aptitude and discipline to excel in the futures market. By providing a simulated trading environment, they offer a realistic yet controlled setting to assess performance. However, it’s essential to note that these simulations have their limitations. The ultimate aim is not passing the evaluation, but to focus on nurturing long-term, sustainable trading strategies.
Legends Trading provides straightforward entry packages, featuring five different Apprentice Legend account options. To qualify for a funded account, you’ll need to meet specific profit targets set by your chosen plan and trade for at least 10 days.
The steps are as follows:
- Showcase your skills: Choose your preferred account plan and participate in the Legends Trading Live Evaluation. This is your moment to excel! Show off your trading skills by meeting the set profit goals, adhering to risk management rules and holding your positions for a minimum of ten days.
- The Trading Combine: Ready to elevate your trading journey? The Trading Combine lets you demonstrate your proficiency in a live trading setting. Your task is to hit the specified profit target while trading for the minimum number of days required and avoiding any liquidation. This stage assesses your ability to manage risk effectively and maintain steady growth.
- Secure your funded account and master the art of trading:
Once you’ve completed your Apprenticeship, you’ll earn access to your own Live Performance Master Account. This marks the beginning of managing a funded account, allowing you to demonstrate your trading prowess, profit from your performance, and make withdrawal requests. Legends Trading will be right by your side, helping you build a career as a successful trader.
The table below provides all the details and prices for the various Legends Trading accounts.
The practice account available at Legends Trading is an excellent opportunity to get a feel for the platform, hone your trading abilities, and build confidence before moving on to the evaluation phase. You’ll have access to the Level 1 CME Bundle and can choose between the NinjaTrader or Tradovate platforms.
This practice account is tailored for those who want to refine their trading skills at their own pace. It offers a safe space to test strategies, understand market dynamics, and explore the platform’s features before moving on to the official evaluation.
Your Legends Trading Subscription will be billed every 30 days until you either pass the evaluation or decide to cancel. If your Apprentice Evaluation account has been forfeited, it will automatically reset when your monthly subscription renews.
You have the option to either reset your account back to its initial status through the reset feature in the Traders Dashboard or to cancel your subscription in the account section.
Legends Trading provides a straightforward route to help you realise your trading potential without any hidden complications. Nevertheless, it’s important to familiarise yourself with their key rules.
Refine Your Trading Approach with Flexible Limits:
- Maximum Position Limits: Each account tier outlines the maximum number of contracts or position sizes you can have open at any given time. This helps you manage your overall risk exposure across the available products.
- Profit Targets: Every package comes with a set profit target that you must meet during the Live Evaluation phase to move forward. If you reach your renewal date and haven’t hit the target yet, any positive balance will carry over.
Risk Management Tools:
- The Trailing Maximum Loss is an adaptive safety mechanism that recalibrates your maximum allowable deficit according to your profits, enabling you to increase your profit potential while keeping risks under control.
Trade Freely with Unrestricted Access:
- In contrast to several other prop trading firms, Legends Trading provides unlimited trading days as long as the markets are open. This allows you to pursue your targets without any time limitations, maximising your potential for success.
Trading Schedule:
- Trade Anytime During Market Hours: Take advantage of every market session by placing trades whenever the market is open.
- Close All Positions Before Market Closes: Ensure all trading positions are closed before the market shuts to avoid exposure to unexpected market shifts. Any open positions at closing time will be automatically closed and you’ll fail your evaluation.
Manage Multiple Accounts with Ease:
- With Legends Trading, you can manage up to 20 accounts at once, all with a single set of credentials. This feature makes it easier to allocate your funds and execute your trading strategy across a number of accounts.
Master Account Update:
Legends Trading are aware of the difficulties inherent in navigating the markets. If your Master Account is unsuccessful, it can’t be reset, but your subscription will stay active and you can sign up for another Apprentice Evaluation Account. The firm is a strong proponent of ongoing education and development, so work on your skills and have another go! Just log in to the client portal to confirm your account status. Τhe firm gives you a week after you’ve failed your Master Account to take advantage of a 40% discount on a new Apprentice Evaluation Account as a one-time perk.
To foster a fair trading environment, Legends Trading probhits several specific practices during evaluations. These include:
- Taking Advantage of System Glitches: This refers to exploiting any discrepancies in price display or timing.
- Engaging in Disruptive Actions: Activities such as spoofing or other forms of market manipulation are forbidden.
- Abusing Simulation Features: Executing swift trades for a queue edge or taking advantage of the absence of slippage aren’t realistic market practices.
- Dependence on Specific Tools: Relying heavily on things like tight brackets or auto-breakeven settings to secure favourable fills can result in trades that offset one another, breaching exchange regulations.
- High Trading Volume: Trading an unrealistic number of contracts, such as more than 500 during an evaluation, doesn’t reflect genuine market performance.
- Unsustainable Practices: Any behaviour that conflicts with genuine trading environments or could potentially jeopardise Legends Trading’s integrity is strictly forbidden.
- Bypassing Restrictions: Attempting to skirt around geographical or technical boundaries isn’t permitted.
- Account Sharing: Combining the activities of several individuals within a single account is banned.
- Unethical Behaviour: Any actions considered untrustworthy, to be market manipulation, or unsustainable for long-term trading will be dealt with by Legends Trading.
Legends Trading addresses each violation individually, aiming to show traders why certain behaviours don’t translate to real markets and steering them instead towards more effective methods.
Depending on the gravity of the issue, the trader’s intent, and their prior trading activity, Legends Trading might undertake a range of actions, such as issuing warnings that explain the problem and its implications, deleting the affected trading day, resetting the account, or even closing the account permanently.
Legends Trading ensures that proficient traders can access their earnings quickly and effortlessly.
Advancing to the Legends Maker Stage:
- This level recognises traders who consistently show excellent performance.
- After fulfilling the required trading days and achieving the profit targets, you’ll qualify to request instant profit withdrawals.
Withdrawing Your Earnings:
- Flexible Withdrawal Methods: After you successfully navigate the Legends Maker stage, you can withdraw your earnings via the Plane payment platform. You just submit a request through their portal, and your funds will typically be processed within 1-5 business days.
Payout Frequency & Minimums:
- You’ll be able to request your profits twice each month. Simply submit your requests from the 1st to the 5th for a payout on the 15th, or from the 15th to the 20th for a payout at the end of the month. Note that approvals may happen anytime within the specified approval windows.
- To be eligible for a payout, you need to ensure you’ve executed trades on at least 10 individual trading days within the period between payout requests.
- For the initial three “withdrawal months,” the minimum withdrawal amount is set at $1,000, regardless of whether you make one or two withdrawals per month during the period.
Maximum Payouts:
During the initial three months of withdrawals, there are caps in place to promote prudent risk management. Maximum withdrawal limits for each account are as folllows:
- $25k Account: $1,500
- $50k Account: $2,000
- $100k Account: $2,500
- $150k Account: $2,750
- $250k Account: $3,000
After three successful withdrawal months, the limits are removed.
Maintaining Account Balance:
The client portal at Legends Trading offers transparent details on payout timings, along with the minimum and maximum limits.
Legends Trading helps you to trade confidently, providing access to a wide array of markets through top-tier trading platforms.
- Cutting-Edge Trading Software: Make use of the advanced features of leading platforms like NinjaTrader and Tradovate. These cutting-edge tools offer comprehensive market analysis, options for automated trading and effortless trade execution.
- Device Compatibility: You’ll enjoy a seamless trading experience on all your devices, be it mobile, Mac, or PC. Legends Trading ensures you have the flexibility to trade wherever you are.
- Extensive Market Options: There’s access to a large aarray of US futures markets such as the S&P 500 (ES), Nasdaq 100 (NQ), Crude Oil (CL), Gold (GC), the Nikkei 225 (NKD) and Bitcoin (BTC).
By taking advantage of these sophisticated platforms, mobile compatibility, and wide-ranging market access, you can personalise your trading journey and make the most of opportunities in a broad range of asset classes.
Legends Trading has designed a series of innovative tournaments that keep traders actively engaged. By combining skill, strategy, and competition, these tournaments bring together both experienced and beginner traders to demonstrate their abilities in the fast-paced world of futures trading. With an emphasis on fairness and inclusivity, the Legends Trading tournaments provide an excellent opportunity for traders to compete and excel.
Registrations: The Legends Arena Awaits! Register Now!
- The tournaments aim to strike the perfect balance between inclusivity and competition, with individuals allowed multiple entries.
- Seize your opportunity to join the Grand Prix Evolution tournamentfor a modest fee of $124.
- Claim your place in the acclaimed World Cup Virtual Trading Championship®for only $99.
- For detailed information on how to enter, registration deadlines, and tournament dates, click here.
Ranking: The Daily Battle for Supremacy
The core of the Legends Trading Tournaments is their dynamic ranking system. Contestants can monitor their standings live via the Legends Dashboard, which is refreshed every day once trading ends. This level of transparency not only enhances the competitive spirit but also lets traders assess their own performance, strategise, and modify their approaches as the tournament moves forward.
Earnings: Prizes for the Winners
The tournaments don’t just offer glory: the top three traders also walk away with attractive prizes. Whether you’re a beginner or an experienced professional, the rewards system recognises and rewards the hard work and expertise of all participants.
Highlights of the monthly Grand Prix Evolution Tournament include:
- $125,000 Virtual Trading Account
- Ninja Trader or Tradovate Platform (worth $99)
- Real-Time CME Market Data Level 1 Bundle
- Performance Tracking & Ranking Dashboard
- Prizes for the top three performers:
- 1st place: $125,000 Evaluation Account and Flytech Computer
- 2nd place: $125,000 Evaluation Account
- 3rd place: $125,000 Evaluation Account
Highlights of the monthly World Cup Virtual Trading ChampionshipⓇ, include:
- $10,000 Virtual Trading Account
- Ninja Trader or Tradovate Platform (worth $99)
- Real-Time Market Data Included
- Performance Tracking & Ranking Dashboard
- Prizes for the top three performers:
- 1st place: $150,000 Evaluation Account
- 2nd place: $100,000 Evaluation Account
- 3rd place: $50,000 Evaluation Account
- Esteemed prop trading firm established by seasoned futures experts and headed by CEO Greg Khojikian, who boasts over two decades of experience.
- Versatile account options ranging from $25,000 to $250,000, accommodating various trading needs.
- Transparent with no hidden conditions.
- Provides unrestricted trading days.
- Ability to manage up to 20 accounts simultaneously or individually.
- Exciting Legends Trading Tournaments.
- Generous 90/10 profit split.
- Access to top-tier trading platforms like NinjaTrader and Tradovate, equipped with advanced features and accessible via mobile devices.
- Swift and secure payouts processed through Plane.
- A newcomer in the futures prop trading landscape, currently unrated on Trustpilot.
- No educational materials.
- Requires at least 10 days of trading to qualify.
Legends Trading presents a fantastic opportunity for those eager to become funded futures traders. Their program lays out a straightforward path to securing significant trading capital, which could be transformative for your trading career. Led by CEO Greg Khojikian, the firm places a high priority on ethical practices and a high-quality step-by-step progression.
If you’re a proficient trader who feels ready to meet the firm’s high expectations, Legends Trading might be an excellent fit for you. If you’re still gaining experience, starting with their practice account might be wise to hone your skills and build a strong foundation before taking on the Legends Trading Evaluation.
With its emphasis on advanced trading tools and a commitment to developing proficient traders, Legends Trading could very well establish itself as a significant player in the highly competitive world of futures prop trading. Their blend of data-driven strategies and a focus on cultivating top talent sets a solid groundwork for long-term success. As the firm continues to expand and attract top-notch traders, its potential to shake up the industry and rise as a leader is substantial.
It’s a good idea nonethless to read through our reviews of other top prop trading firms, such as Topstep, MyFundedFutures and Apex Trader Funding. Each of these firms provides several account choices, specifically tailored for traders lacking significant capital to enable them to trade futures. Similarly to Legends Trading, these firms provide access to advanced trading platforms and a variety of futures contracts, coupled with enticing payout schemes. So it’s worth doing some careful reseach on the advantages and drawbacks of each firm, and how it might work for you.
