lightsun47 

(I don't have anything personal against you or your firm so please don't take it otherwise) Almost all the firms I know of require consistency. Be it 10%, 20%, 30% or more, I have to be consistent with my everyday profits. And only then, I am able to withdraw from my profits. Therefore, if I am already able to achieve this already on paper, I don't have to wait for three full months to even show you that I am consistent. Whereas with the other firms, I am already consistent after passing my evaluation be it a single day or five trading days or seven - I don't have to wait that much time (like yours) to prove my legitimacy. I am going to put my bottom line here now and exit this thread: What is the need for a three step process to a so-called live account? Why can't anyone just stay in a two step process and keep withdrawing profits? /rant Goodbye.

(I am generally against all the funded firms.) But at least their explanation that you need 7 days for an evaluation makes sense, doesn't it? I think 7 days it's still ridiculously low to evaluate a trader but you can sort out the really bad ones in this time.

LegendsTrading 

The reason why Prop Firms exist in the first place to identify good traders and offer them a live trading account. How can you identify a good trader in 1 day? Let's say you're in the market to invest and a trader shows you 1 day of their performance record - is that good enough for you to trust them with your $25,000 or $50,000? When Prop Firms offer 1 day passing, there's something up. They may let you pass in 1 day, but it will be almost impossible for you to pull money. With Legends, I am looking to find talented traders. Step 1 Evaluation trading is for 7 day minimum, once you pass - you get a Master Account where you can make money on the profits you make. Continue with that success and you will be on your way to real money trading. Our ultimate goal is to move you to real money trading, but along the way in Master Account we are allowing you to make money. I want to be clear that after a trader qualifies for a Master Account, they can pull funds - they do not need to wait till they're moved to Real Prop Account. I listened to my fellow traders on Nexusfi and on my Website to better our traders chances. We got rid of Live Trailing and replaced it with End Of Day (EOD), We changed 10 Day minimum to 7 Days. By me changing to 1 day Eval is not going to make you a better trader. Don't get me wrong, I'm not saying what other Prop Companies are doing is bad. We just don't feel offering 1 day Eval is going to get us what we're looking for.

like I said, I have funded accounts at 4 other companies, so I took the same trades I do with theirs. No loss for me other than the buy in. I just find it a little ridiculous to take someone's money, tell them if they pass your eval in the time you require, and they meet your consistency guidelines, you can still turn them away...lol. There are too many firms out here to deal with that nonsense. Take care

To avoid confusing people, Legends should get rid of their real money trading, change the name of the Master account to funded account, and let the money roll in. This is how the industry works and changing it is just confusing these people

lightsun47 

(I don't have anything personal against you or your firm so please don't take it otherwise) Almost all the firms I know of require consistency. Be it 10%, 20%, 30% or more, I have to be consistent with my everyday profits. And only then, I am able to withdraw from my profits. Therefore, if I am already able to achieve this already on paper, I don't have to wait for three full months to even show you that I am consistent. Whereas with the other firms, I am already consistent after passing my evaluation be it a single day or five trading days or seven - I don't have to wait that much time (like yours) to prove my legitimacy. I am going to put my bottom line here now and exit this thread: What is the need for a three step process to a so-called live account? Why can't anyone just stay in a two step process and keep withdrawing profits? /rant Goodbye.

"What is the need for a three step process to a so-called live account? Why can't anyone just stay in a two step process and keep withdrawing profits?"

Here's the difference between Live Sim payout Accounts vs. Real Account payouts. When you're on Live Sim Account getting payouts, the Prop Firm is losing money out of their pocket to pay the trader. When you're on Real Live Account and getting payouts, the Prop Firm is making money when you're making money. Traders success is the Prop Firms success. They're rooting for you to make money. Often time traders want a Real Live Account trading to avoid any issues. On Live Account trading there aren't a lot of rules since your success is their success. This is one of the reason I move clients to Real Live Account few months later, to start making money on the clients success.

If clients are happy to stay on Live Sim Account long term, Legends Trading might not be the right fit for them.

Have a safe and Awesome Weekend!

planetkill 

To avoid confusing people, Legends should get rid of their real money trading, change the name of the Master account to funded account, and let the money roll in. This is how the industry works and changing it is just confusing these people

Thanks for your input. I am considering going from Eval Account directly to Live Funded Account Trading.

Just a definition that is not clear at your site about payouts at the master account. If I have a 50K account and after ten trading days with consistency rules made this 52600 how much can withdraw? 2K which is the maximum withdraw or I have to leave a cushion of 52600? And these 2K maximum withdraw is per payout window or per month?

gp18089 

Just a definition that is not clear at your site about payouts at the master account. If I have a 50K account and after ten trading days with consistency rules made this 52600 how much can withdraw? 2K which is the maximum withdraw or I have to leave a cushion of 52600? And these 2K maximum withdraw is per payout window or per month?

Good morning,

you can find our Payout Policy on this link https://knowledge.thelegendstrading.com/payout-process

Obviously, I have already read your payout policy but it is not clear. These are two simple but very important questions. Could you give me a clear answer please?

Can Greg also address AMA questions around https://www.fund2gotrading.com/ that is clearly associated with Legends trading (see attached)? Since what I assume are the launch emails from Friday, the entire thing appears to be an operational mess which casts a lot of doubt over its legitimacy, and by association, that of Legends and GFF.

The big risk for any trader using a trading evaluator is that the evaluator fails to pay out - look at EarnMAX, let alone any number of rubbish firms in the forex evaluation space.

Credibility, consistency, reliability, honesty and transparency are crucial in this space. Over to you Greg...

mtmt 

Can Greg also address AMA questions around https://www.fund2gotrading.com/ that is clearly associated with Legends trading (see attached)? Since what I assume are the launch emails from Friday, the entire thing appears to be an operational mess which casts a lot of doubt over its legitimacy, and by association, that of Legends and GFF. The big risk for any trader using a trading evaluator is that the evaluator fails to pay out - look at EarnMAX, let alone any number of rubbish firms in the forex evaluation space. Credibility, consistency, reliability, honesty and transparency are crucial in this space. Over to you Greg...

Apparently it is the same company - from fundtogotrading website:

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