LegendsTrading 

Dear Fellow Traders, We're running a Flash Sale till October 18th for $150K Plan and $250K Plan with 80% OFF ---- Code - NEXUSFI80 The rest of the Plans are still at 70% OFF ---- Code - NEXUSFI

Due to lack of power in my country and my server ongoing pneumonia, I couldn't deliver this in the form of a newsletter which is owed to Legends as a site sponsor.

This post is approved as a substitute due to time constraints.

@LegendsTrading I also sent these to Greg's email as some follow up questions to their support chat (who were quite helpful btw). First time interest in funding companies so excuse the green questions:

A few questions I didn't get a clear answer on or conflicted with what support said vs what was stated on this thread:

1. The 80% discount subscription on the evaluation stage - does it go to 70% on graduating to the master stage like it says on this forum thread or 50% like it says on your website and support chat?

2. During evaluation and master stage is one still considered non-professional according to CME rules for data fees? Does that change only when going to funded stage?

3. If I engage with Legend as an LLC does that change anything as it relates to data fees if I get to funded with that LLC as it pertains to my personal (non-LLC) trading account I have at another brokerage?

4. When evaluating all the plans do you have any recommendations as to which one is best for someone new to funding trading company field?

5. If I get to master stage what type of draw-down do I get to start that stage?

LegendsTrading 

Dear Fellow Traders, We're running a Flash Sale till October 18th for $150K Plan and $250K Plan with 80% OFF ---- Code - NEXUSFI80 The rest of the Plans are still at 70% OFF ---- Code - NEXUSFI

Big Mike 

Due to lack of power in my country and my server ongoing pneumonia, I couldn't deliver this in the form of a newsletter which is owed to Legends as a site sponsor. This post is approved as a substitute due to time constraints.

No worries Mike. Stay safe!

TrendTraderBH 

@LegendsTrading I also sent these to Greg's email as some follow up questions to their support chat (who were quite helpful btw). First time interest in funding companies so excuse the green questions: A few questions I didn't get a clear answer on or conflicted with what support said vs what was stated on this thread: 1. The 80% discount subscription on the evaluation stage - does it go to 70% on graduating to the master stage like it says on this forum thread or 50% like it says on your website and support chat? 2. During evaluation and master stage is one still considered non-professional according to CME rules for data fees? Does that change only when going to funded stage? 3. If I engage with Legend as an LLC does that change anything as it relates to data fees if I get to funded with that LLC as it pertains to my personal (non-LLC) trading account I have at another brokerage? 4. When evaluating all the plans do you have any recommendations as to which one is best for someone new to funding trading company field? 5. If I get to master stage what type of draw-down do I get to start that stage?

Hello Brian,

I did respond to your email earlier today.

I will post my respond here as well for clarity.


1. The 80% discount subscription on the evaluation stage - does it go to 70% on graduating to the master stage like it says on the forum or 50% like it says on your website and support chat?
      80% OFF is on your Evaluation subscription. Once you pass and move to a Master Account, It's 50% of the regular Subscription fee.

2. During evaluation and master stage is one still considered non-professional according to CME rules for data fees? Does that change only when going to funded stage?
      On Eval and Master stage, it is non-professional since it's a Sim environment. On Live Prop Funded account, it will be a Pro market data.

3. If I engage with Legend as an LLC does that change anything as it relates to data fees if I get to funded with that LLC as it pertains to my personal (non-LLC) trading account I have at another brokerage?
      On live Prop Account, you are trading the Prop Funds. You're not trading your LLC funds. You will have a POA over the Prop Trading Account.

4. When evaluating all the plans do you have any recommendations as to which one is best for someone new to funding trading company field?
      It's based on your trading style. Start with what you're comfortable with and if you feel you need more wiggle room with your drawdown, you can always purchase a higher Plan.

5. If I get to master stage what type of drawdown do I get to start that stage?
      Depends on what Plans you subscribe to. Each Plans drawdown shows on the Plans

Thanks for your answers @LegendsTrading

Some further follow up:

Regarding point 1. - on this thread on September 8th you stated the master stage is 70% (not 50%) - please explain:

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

post link -

Legends Trading: Ask Me Anything (AMA) w/Greg Khojikian CEO 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 …

Regarding Point 3 - the issue I am trying to get clarity on is if I become professional in terms of CME data fees with my LLC in the funded account - does that mean now I have to pay professional data fees in my personal separate (non-LLC) trading account in a different brokerage at that point or does the CME consider those separate

Regarding Point 4 - the 80% discount is only available for the two top plans 150 or 250

Lastly, when in the funded stage - for tax purposes are those gains considered capital gains (which then benefit from the 60/40 tax treatment) or are they some sort of 1099 payout

Thanks.

LegendsTrading 

Hello Brian, I did respond to your email earlier today. I will post my respond here as well for clarity. 1. The 80% discount subscription on the evaluation stage - does it go to 70% on graduating to the master stage like it says on the forum or 50% like it says on your website and support chat?       80% OFF is on your Evaluation subscription. Once you pass and move to a Master Account, It's 50% of the regular Subscription fee. 2. During evaluation and master stage is one still considered non-professional according to CME rules for data fees? Does that change only when going to funded stage?       On Eval and Master stage, it is non-professional since it's a Sim environment. On Live Prop Funded account, it will be a Pro market data. 3. If I engage with Legend as an LLC does that change anything as it relates to data fees if I get to funded with that LLC as it pertains to my personal (non-LLC) trading account I have at another brokerage?       On live Prop Account, you are trading the Prop Funds. You're not trading your LLC funds. You will have a POA over the Prop Trading Account. 4. When evaluating all the plans do you have any recommendations as to which one is best for someone new to funding trading company field?       It's based on your trading style. Start with what you're comfortable with and if you feel you need more wiggle room with your drawdown, you can always purchase a higher Plan. 5. If I get to master stage what type of drawdown do I get to start that stage?       Depends on what Plans you subscribe to. Each Plans drawdown shows on the Plans

Regarding point 1. - on this thread on September 8th you stated the master stage is 70% (not 50%) - please explain:
We had a promotional offer at that time which expired expired.


Regarding Point 3 - the issue I am trying to get clarity on is if I become professional in terms of CME data fees with my LLC in the funded account - does that mean now I have to pay professional data fees in my personal separate (non-LLC) trading account in a different brokerage at that point or does the CME consider those separate
We can't control how your brokerage firm identify you in your personal account elsewhere. Since you're managing (POA) over the Prop Account, the Prop Account it's falls under the CME Pro. I don's believe one has anything to do with the other

Regarding Point 4 - the 80% discount is only available for the two top plans 150 or 250
Yes that's correct. Only on 150K Plan and 250K Plan. the rest of the plans are 70% OFF
Lastly, when in the funded stage - for tax purposes are those gains considered capital gains (which then benefit from the 60/40 tax treatment) or are they some sort of 1099 payout
you get 1099. You're not trading your own account or funds to get the 60/40 Tax treatment

After interacting with your support (David) chat earlier this week that I could use this coupon code today (Friday, October 18th) but I tried to use it today and got coupon code expired. I contacted support and they said no technically speaking it says the coupon code expired Friday not that the last day you can use it is Friday. If I knew this technicality I would have used it on time.

After lots of researching and asking questions - I didn't realize one of the "gotchas" is with the coupon codes. I thought it's usually with the trading rules.

It could certainly be my mistake in misinterpreting.

LegendsTrading 

Dear Fellow Traders, We're running a Flash Sale till October 18th for $150K Plan and $250K Plan with 80% OFF ---- Code - NEXUSFI80 The rest of the Plans are still at 70% OFF ---- Code - NEXUSFI

TrendTraderBH 

After interacting with your support (David) chat earlier this week that I could use this coupon code today (Friday, October 18th) but I tried to use it today and got coupon code expired. I contacted support and they said no technically speaking it says the coupon code expired Friday not that the last day you can use it is Friday. If I knew this technicality I would have used it on time. After lots of researching and asking questions - I didn't realize one of the "gotchas" is with the coupon codes. I thought it's usually with the trading rules. It could certainly be my mistake in misinterpreting.

Good morning,

There's no :gotchas" with this coupon. The coupon should've been good till Friday Midnight. We fixed the issue as soon as we were made aware.