richw 

I totally agree with the comments here about trailing open equity vs final equity each day. I, myself, will not consider another company that trails open equity. It makes passing combines very difficult. I am very happy with how Topstep is running their programs now. It is hard enough for most traders to pass a combine account with the set loss limits, even very successful traders. There are a number of documented, very profitable traders online who talk about how much harder it is to pass the combine accounts than trading their own personal accounts. The only advantage to the combine accounts is that one is not risking his/her own capital.

Trailing open equity is a suicide pact between you and the prop. There's nothing in the real market that mimics this scam. It's designed to fail traders even when they're profitable.

Don't sign on with these companies that use this method to fail you. There are a number of companies out there who use EOD drawdown, which is a legitimate way to calculate the drawdown.

@LegendsTrading has made an incredible new offer to all Elite Members:

Receive 70% off for all funded trading programs, for the first AND subsequent months:
https://nexusfi.com/elite_partner.php?do=process&offerid_28=1

Mike

Hello Traders,
We listened to all the recommendation our traders made to better our service. For the past month, we've been working on a few changes. We now offer End of Day Trailing (EOD). All Plans come with EOD Trailing. It took us some time since we had to configure our Site on the backend and program the API calls to Tradovate.

We at Legends Trading want to create a great Evaluation Trading environment and thrive on improving our service.

To enjoy a 70% OFF on your monthly subscription, please use coupon code: NEXUSFI

phantomtrader 

Trailing open equity is a suicide pact between you and the prop. There's nothing in the real market that mimics this scam. It's designed to fail traders even when they're profitable. Don't sign on with these companies that use this method to fail you. There are a number of companies out there who use EOD drawdown, which is a legitimate way to calculate the drawdown.

Hello,
We now offer EOD Trailing drawdown. Thank you for your positive recommendation. We want to show our fellow traders that we are not a scam company. We are seeking for talented traders.

LegendsTrading 

To enjoy a 70% OFF on your monthly subscription, please use coupon code: NEXUSFI

Does that monthly option remain forever or we can pay a one time fee for activation like other prop firms who stop charging monthly fees after activation?

lightsun47 

Does that monthly option remain forever or we can pay a one time fee for activation like other prop firms who stop charging monthly fees after activation?

once you pass the evaluation an move to a Master Account, you get 70% Off on your monthly Master account fee.

Now I'm aware that some Eval companies charge a flat fee of $148. They call it an activation fee. What if you fail your Mater account in 1 month? There goes the $148.

Let's use the $50K Plan for example, With the 70% OFF, that $55.50 per month on Eval and when you get to Master Account, you continue to Pay $55 per month and if you blow up your Master Account, it cost you only $55 VS. $148. Keep in mind, within 3 months of Master account if you keep up the good trading, we will move you to a Live money trading where there's no monthly fee or Payout restrictions.

The 70% discount is only for 1 account per person or I can buy 10 accounts with this discount?

gp18089 

The 70% discount is only for 1 account per person or I can buy 10 accounts with this discount?

Yes, you can buy 10 accounts with the 70% OFF code.

I completed 2 evals Sunday evening, and had to submit a request for review afterwards. I received a notice that it would take them 24-48 hours to review for Master Account approval. Exactly 2 days later, I received an email from Legends that I was not approved for a Master Account due to significant amount of trading volume.

I clicked the link attached to the email, and it was a dead link that said "try again later". Anyway, I gave these guys a shot, I use micros and the other firms do not seem to have an issue with my volume of trades. I will be canceling these guys and not using them again. I wont be recommending them to anyone else either. I liked the fact that they use Tradovate, but I already have Take Profit, BluSky and Apex accounts on Tradovate. Like I said, I gave them a try and just figure $100 blown with the discount.

danflo 

I completed 2 evals Sunday evening, and had to submit a request for review afterwards. I received a notice that it would take them 24-48 hours to review for Master Account approval. Exactly 2 days later, I received an email from Legends that I was not approved for a Master Account due to significant amount of trading volume. I clicked the link attached to the email, and it was a dead link that said "try again later". Anyway, I gave these guys a shot, I use micros and the other firms do not seem to have an issue with my volume of trades. I will be canceling these guys and not using them again. I wont be recommending them to anyone else either. I liked the fact that they use Tradovate, but I already have Take Profit, BluSky and Apex accounts on Tradovate. Like I said, I gave them a try and just figure $100 blown with the discount.

Good evening Dan,

Thank you for giving us the opportunity to service your accounts at Legends Trading. Just like all firms out there, we have rules that we want our traders to follow. Our process is a little different than other firms out there. For example, within 3 months of trading on Master account, your account may be moved to a live Prop Trading with real money, so we need our traders to trade a realistic number of contracts. Our rules and prohibited conducts is on our site: https://knowledge.thelegendstrading.com/prohibited-conduct. We also included the number of contracts we deemed as significant amount of trading volume in a short period of time. Based on your volume, it may not be a good fit to work with us, but we wish you the best of luck and appreciate you sharing your experience.