mariafp 

Thank you to @Big Mike and of course @LegendsTrading for this great-looking offer! Sorry to pester but I have four questions, please (one was maybe asked above also). 1. Does the trailing max loss trail open equity or end of day balance? 2. I see the $25k account has $1,500 profit goal and max loss also of $1,500; the $250k account has $15,000 goal as expected, but its max loss is not $15,000 as expected but only $4,500? How/why does this work, please? 3. If I try one of the plans but do not reach the profit goal within 1 month can I still cancel before the renewal day without my credit-card being charged for the next month? 4. Are all payouts only by Plane (I have not heard of it)? Can you tell me what documents/process will be need by Plane, to receive a payout, please? Thank you in advance for kind replies.

Hello Maria,

No worries. we're here to help and answer any questions you may have.


1. Does the trailing max loss trail open equity or end of day balance?
-- Open equity

2. I see the $25k account has $1,500 profit goal and max loss also of $1,500; the $250k account has $15,000 goal as expected, but its max loss is not $15,000 as expected but only $4,500? How/why does this work, please?
-- It's Risk control.

3. If I try one of the plans but do not reach the profit goal within 1 month can I still cancel before the renewal day without my credit-card being charged for the next month?
--Yes

4. Are all payouts only by Plane (I have not heard of it)? Can you tell me what documents/process will be need by Plane, to receive a payout, please?
--It is very easy to onboard with Plane. Based on where you reside, you would complete a verification process and complete the W8 or W9

LegendsTrading 

2. I see the $25k account has $1,500 profit goal and max loss also of $1,500; the $250k account has $15,000 goal as expected, but its max loss is not $15,000 as expected but only $4,500? How/why does this work, please? -- It's Risk control.

Thank you for kind answers, @LegendsTrading

I apologize again but honestly I do not understand this one. With the small account the max loss is the same size as the profit goal, but with the big account, it is only 30% of the size of the profit goal? I am asking why the risk control is so hugely different between the two accounts?

All signed up and ready for Monday. Thank you @Big Mike and @LegendsTrading for this opportunity

LegendsTrading 

Hello Kone, how Trailing Max Loss is calculated - is it based on profits accrued at End Of Day, or based on unrealized open equity, or etc. ? --Based on Unrealized open equity could we access using Rithmic based platform like Sierra Chart? --We only have Access for Tradovate, Ninja Trader and Trading View is there a Consistency requirement per day like max 50% of Profit Target? --Maintain the Consistency Target: Best Trade is less then 30% of total profits made your website says Daily Max Loss must not be exceeded, but where could we find Daily Max Loss limit for plans? --We don't have Daily Loss anymore. We apologize but we may have missed few places on our Website, but it's updated now.

I suggest you offer customers the options of EOD trailing. Open equity trailing is basically fraud.

Can Tradovate account be accessed by Ninja?

alex1010 

I suggest you offer customers the options of EOD trailing. Open equity trailing is basically fraud. Can Tradovate account be accessed by Ninja?

I have Legends open through Tradovate and Rithmic open with my other accounts as well. Pretty easy process signing up

alex1010 

I suggest you offer customers the options of EOD trailing. Open equity trailing is basically fraud. Can Tradovate account be accessed by Ninja?

Hello Alex,
Thanks for your feedback. We will consider it.

As far as Ninja Trader, yes you can access Ninja Trader through Tradovate with us.

Hi Legends

On the Apprentice Legends Account: If I blow it, what is monthly re-subscription fee? Is it $119/month on the 50k? If yes, on the $50K account would the current $119/month continue month after month? (assuming there is a need to keep this account active).

Do you allow trade copiers, if the trades are mine, not linked to an external signal service?

What is the fee for the Master Account and are there any ongoing monthly costs?

Thank you

Good morning and thanks for the offer...how long are you offering this to NEXUSFI members may I ask?

90

LegendsTrading 

Hello Alex, Thanks for your feedback. We will consider it.

I respectfully suggest that doing that very quickly would be wise, Greg: it may make a very big difference to the uptake of your generous offer.

If you look at the three or four trading forums in which such potential funding opportunities are widely discussed, you’ll see that the first question of many/most of your prospective customers will be whether the max drawdown trails open equity. If does, many will look no further, even on a first month free basis.

The general perception (rightly or wrongly) is that the max loss trailing open equity makes these things close-to-impossible to pass for anyone other than a pure scalper.

In order to compete with Topstep, TradeDay and your other major competitors, you’ll surely need to match their end-of-day trailing? It’s a hugely important consideration, to your potential customer-pool.

Good luck with the offer.

90bideven 

Good morning and thanks for the offer...how long are you offering this to NEXUSFI members may I ask? 90

Till end of June