Legends Trading Rules: EOD Drawdown, Consistency Rule, Scaling Plan and News
Review the documented rules, source notes, tools, and account checks recorded for Legends Trading Rules: EOD Drawdown, Consistency Rule, Scaling Plan and News.
Rules can change: The firm or platform controls the current wording. Confirm the linked source and your dashboard before you trade or request a payout.
Legends Trading rules for every account the firm sells or still supports: the monthly Apprentice evaluation, the one-time-fee Elite evaluation, the Apprentice Master and Elite Master funded accounts, the live program, and the legacy accounts some traders still hold. Legends (The Legends Trading Group, Inc., Calabasas, California) runs simulated futures accounts on Tradovate or Rithmic. On the surface its rules are short: an end-of-day (EOD) trailing drawdown, no daily loss limit in either evaluation, and an Apprentice evaluation you can pass in one day. The rules that decide most outcomes sit one layer down: a 35% or 40% consistency rule depending on the plan, a drawdown that only stops trailing at the starting balance plus $100, a daily loss limit that appears once an Elite account is funded, a scaling plan that cuts your contract limit after you pass, strict cross-account hedging and exposure formulas, a mandatory flat-by-3:55 pm CT close, and a winning-day count on every payout. This page sets out each rule with dollar values for every size, worked examples, four calculators, the live-account rules, and the places where Legends’ own pages disagree.
Account Picker
Choose your Legends account. The result lists the published rule values and the rule most likely to catch you out on that account.
What can trip you up
Rows To Inspect First
These are the rules Legends’ own pages say end accounts or block payouts, and the ones traders who only read the plan cards tend to miss. The labels explain why each row is surfaced; they are not a recommendation to buy or avoid any account.
The plan cards show old Apprentice rules
The plans page still lists a 25K Apprentice, 4 minimum days, 30% consistency and up to 17 contracts. Those match the help centre’s article marked LEGACY. The January 26, 2026 update says the current Apprentice is 50K to 150K, one day, no evaluation consistency and 2 to 6 minis.
Hedging counts across all your accounts
Long NQ in one account and short MNQ in another for 10 seconds or more is a hedging violation. So is long YM against short ES, or long silver against short gold. Outcomes run from a warning to permanent closure.
Elite Master contracts drop after you pass
An Elite 50K evaluation allows 4 minis, but the Elite Master scaling plan starts at 2 minis until you are $1,000 in profit. Trading evaluation size on day one of a Master account can be an exposure violation.
Legends Trading Rule Checks
| Rule area | Official-source snapshot | What to verify |
|---|---|---|
| Max loss (EOD trailing drawdown) end of day, hard breach | Apprentice: $2,000 / $3,000 / $4,500 on 50K / 100K / 150K. Elite: $1,250 / $2,200 / $3,000 / $4,500 on 25K / 50K / 100K / 150K. Calculated “at the end of each trading day”. | On an Apprentice Master the trail stops at the starting balance plus $100. Legends does not publish where the Elite Master trail stops. Breaching an evaluation needs a reset; breaching a Master liquidates it. Source: Legends Trading help-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026); help-centre article “Simplified Evaluation Structure” (Elite, November 2, 2025); help-centre article “Master Account Rules & Guidelines” (updated January 26, 2026); help-centre FAQ (updated January 21, 2026) – evaluation tables, Master objectives and FAQ – checked October 11, 2026. Full source URLshelp-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026) and help-centre article “Simplified Evaluation Structure” (Elite, November 2, 2025) and help-centre article “Master Account Rules & Guidelines” (updated January 26, 2026) and help-centre FAQ (updated January 21, 2026) |
| Daily loss limit none in evaluations | No daily loss limit in the Apprentice or Elite evaluation, and none on an Apprentice Master. Elite Master: $700 / $1,200 / $2,000 / $3,000. | Hitting the Elite Master limit liquidates the day; the account “will be unlocked the following session”. The homepage headline “No daily loss limit” does not cover Elite Master accounts. Source: Legends Trading help-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026); help-centre article “Transition to Master Account” (Elite, November 3, 2025); help-centre article “Elite Master Account Stage Rules” (updated March 13, 2026); help-centre article “Key Notes About Scaling” (November 3, 2025) – rule tables and scaling notes – checked October 11, 2026. Full source URLshelp-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026) and help-centre article “Transition to Master Account” (Elite, November 3, 2025) and help-centre article “Elite Master Account Stage Rules” (updated March 13, 2026) and help-centre article “Key Notes About Scaling” (November 3, 2025) |
| Profit target and minimum days 1 day, no time limit | Apprentice: $3,000 / $6,000 / $9,000, minimum 1 trading day, no maximum. Elite: $1,500 / $2,700 / $6,000 / $9,000 with the 40% rule, which in practice needs at least 3 profitable days. | Apprentice billing renews every 30 days until you pass or cancel; a positive balance rolls over at renewal. Source: Legends Trading help-centre article “Apprentice Evaluation Guidelines” (updated January 26, 2026); help-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026); help-centre article “Elite Evaluation Stage Rules” (updated March 13, 2026); help-centre article “How does the 30 days billing work?” (October 27, 2025) – evaluation guidelines, update and billing – checked October 11, 2026. Full source URLshelp-centre article “Apprentice Evaluation Guidelines” (updated January 26, 2026) and help-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026) and help-centre article “Elite Evaluation Stage Rules” (updated March 13, 2026) and help-centre article “How does the 30 days billing work?” (October 27, 2025) |
| Consistency rule 35% Apprentice Master / 40% Elite | Apprentice evaluation: none. Apprentice Master: best day under 35% of total profit. Elite evaluation and Elite Master: no day above 40% of total profit. | Not a breach: if a big day breaks the rule you keep trading until the total is large enough. The FAQ words the Apprentice rule as 35% of the profit target, the stricter reading. Source: Legends Trading help-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026); help-centre article “Master Account Rules & Guidelines” (updated January 26, 2026); help-centre article “Consistency in the Evaluation Stage” (November 2, 2025); help-centre article “Consistency in the Master Account Stage” (November 3, 2025); help-centre FAQ (updated January 21, 2026) – consistency articles and FAQ – checked October 11, 2026. Full source URLshelp-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026) and help-centre article “Master Account Rules & Guidelines” (updated January 26, 2026) and help-centre article “Consistency in the Evaluation Stage” (November 2, 2025) and help-centre article “Consistency in the Master Account Stage” (November 3, 2025) and help-centre FAQ (updated January 21, 2026) |
| Winning days per payout 7 days ($200+) or 5 days | Apprentice Master: 7 winning days of $200 or more per payout. Elite Master: 5 winning days of at least $100 / $150 / $200 / $250 by size. | Days under the threshold still add to the balance but do not count toward the 7 or 5 days. Source: Legends Trading help-centre article “Payout Process / Payout Policy” (updated January 25, 2026); help-centre article “Master Account Rules & Guidelines” (updated January 26, 2026); help-centre article “Payout Eligibility” (Elite, November 25, 2025) – payout requirements – checked October 11, 2026. |
| Payout targets, buffer and caps fixed caps per payout | Apprentice Master: first payout after $3,000 / $5,000 / $7,500 profit, then $2,000 / $3,000 / $4,500 each; caps $1,200 / $2,000 / $2,500; $1,000 minimum. Elite Master: profit above a $1,000 / $1,500 / $3,000 / $3,500 buffer; caps $800 / $2,000 / $3,000 / $3,500; $500 minimum. | 90/10 split. Payouts are paid through Rise. Caps “do not scale upward with each cycle”. Source: Legends Trading help-centre article “Payout Process / Payout Policy” (updated January 25, 2026); help-centre article “What is the Buffer?” (November 6, 2025); help-centre article “Payout Limits and Caps” (November 2, 2025); help-centre article “Payout Methods & Tax Information” (August 27, 2025) – payout policy, buffer and caps – checked October 11, 2026. Full source URLshelp-centre article “Payout Process / Payout Policy” (updated January 25, 2026) and help-centre article “What is the Buffer?” (November 6, 2025) and help-centre article “Payout Limits and Caps” (November 2, 2025) and help-centre article “Payout Methods & Tax Information” (August 27, 2025) |
| Contracts and scaling plan Elite Master scales with profit | Apprentice: 2 / 4 / 6 minis (20 / 40 / 60 micros), no scaling. Elite evaluation: 2 / 4 / 8 / 12 minis. Elite Master: limit starts lower and rises at $700, $1,000, $2,000 and $3,000 of profit. | Exposure is checked with a formula that converts micros to minis. Going over it is a violation even if the platform accepted the order. Source: Legends Trading help-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026); help-centre article “Simplified Evaluation Structure” (Elite, November 2, 2025); help-centre article “Scaling Plan Overview” (November 3, 2025); help-centre article “Exposure Violations” (January 21, 2026) – contract tables, scaling plan and exposure article – checked October 11, 2026. Full source URLshelp-centre article “Apprentice Plan Update – EOD Tracking, One Day Pass, No Scaling” (January 26, 2026) and help-centre article “Simplified Evaluation Structure” (Elite, November 2, 2025) and help-centre article “Scaling Plan Overview” (November 3, 2025) and help-centre article “Exposure Violations” (January 21, 2026) |
| News trading depends on account | Apprentice Master: “Tier-1 news trading is prohibited” from 2 minutes before to 2 minutes after the release. Elite evaluation and Elite Master: Tier-1 news allowed. | No news rule is published for the Apprentice evaluation. Legends does not publish its list of Tier-1 events. Source: Legends Trading help-centre article “Master Account Rules & Guidelines” (updated January 26, 2026); help-centre article “Elite Evaluation Stage Rules” (updated March 13, 2026); help-centre article “Transition to Master Account” (Elite, November 3, 2025) – Master rules and Elite rules – checked October 11, 2026. |
| Closing time, overnight and weekends flat before liquidation time | Trade from the open to one minute before the close. Liquidation at 3:55 pm CT for equity index, energy, metals, rates and FX futures; 1:15 pm CT for grains; 12:50 pm CT for livestock. | Traders who do not close before the end of the day “will be failed”. Swing trading is unlocked only at the live Custom tier. Source: Legends Trading help-centre article “Apprentice Evaluation Guidelines” (updated January 26, 2026); help-centre article “End of Day Liquidation Times” (updated August 26, 2025); help-centre article “When is swing trading allowed?” (December 19, 2025) – trading times, liquidation times and live swing rule – checked October 11, 2026. |
| Hedging 10 seconds, all accounts | Opposite positions in the same or correlated products (NQ and MNQ, ES and MES, ES and YM, SI and GC and others) open for at least 10 seconds, in one account or across accounts. | Applies to every account on your profile. Outcomes: warning, deletion of the trading day, account reset or permanent closure. Source: Legends Trading help-centre article “Hedging Violations” (January 15, 2026); help-centre article “Prohibited Conduct” (updated January 21, 2026) – hedging article and prohibited conduct – checked October 11, 2026. |
| Flipping, tight brackets and sim exploits case by case | No flipping (in and out within seconds), no tight brackets or auto-breakeven used to get favourable fills, no hundreds of rapid trades, no spoofing, no trading for someone else. | Legends decides case by case. Prohibited-conduct resets do not charge a reset fee. Source: Legends Trading help-centre article “Prohibited Conduct” (updated January 21, 2026); help-centre article “Apprentice Evaluation Guidelines” (updated January 26, 2026) – prohibited conduct – checked October 11, 2026. |
| Inactivity 20 trading / 30 calendar days | Master, Elite evaluation and Elite Master accounts are deactivated after 20 trading days or 30 calendar days without a trade, whichever comes first. Live: 10 trading days. | Deactivated legacy accounts are forfeited, the legacy articles say. Source: Legends Trading help-centre article on Master activity requirements (March 13, 2026); help-centre article on Elite activity requirements (March 13, 2026); help-centre article on live-account activity (April 6, 2026) – activity articles – checked October 11, 2026. |
| Account limits 10 evaluations / 5 Masters | Up to 10 Apprentice evaluations and 5 Master accounts “without further review”. Elite: up to 5 Elite Master accounts. | Live traders forfeit all simulated accounts and cannot trade sim and live at the same time. Source: Legends Trading help-centre article “How many Master Accounts am I allowed to have?” (September 25, 2025); help-centre article “Transition to Master Account” (Elite, November 3, 2025); help-centre FAQ (updated January 21, 2026) – account limits and FAQ – checked October 11, 2026. |
| Instruments CME futures; no Treasuries | CME, CBOT, NYMEX and COMEX futures. CBOT financials are disabled “until further notice” and Elite says bonds are “strictly prohibited”. | Trading a disabled product means automatic rejection at the Master review, per the FAQ. Source: Legends Trading help-centre FAQ (updated January 21, 2026); help-centre article “Trader-Friendly Features” (Elite, November 2, 2025); help-centre article “End of Day Liquidation Times” (updated August 26, 2025) – FAQ, Elite features and liquidation list – checked October 11, 2026. |
How a Legends Account Moves From Evaluation to Master to Live
Legends calls itself “a Sim to Fund / Evaluation service”. Every stage before the live account is simulated. The order of stages is the same for both plans:
- Buy an evaluation and pick a connection. Choose Apprentice (billed every 30 days) or Elite (one-time fee), a size, and Tradovate or Rithmic. “Plan types, plan sizes and data connections CANNOT be changed after purchase.”
- Pass the evaluation. Hit the profit target without touching the EOD trailing max loss, stay inside the contract limit, and on Elite keep every day under 40% of profit. Apprentice needs 1 trading day; Elite in practice needs 3 profitable days.
- Activate the Master account. Apprentice traders activate the Master from the Accounts page and pay a one-time activation fee ($99 / $129 / $149 for 50K / 100K / 150K, per the help centre). Elite traders “graduate immediately” with no activation fee.
- Earn payouts on the Master. Meet the profit target or buffer, the winning-day count and the consistency rule, then request through the dashboard. Payouts go through Rise at a 90/10 split, capped per request.
- Move to live, if selected. After 5 payouts across accounts, 3 in one account, $30,000 in simulated payouts, or at the Risk Desk’s discretion. Promotion forfeits all simulated accounts.
Sources: help-centre article “How To Get Started” (January 21, 2026), help-centre article “Elite Evaluation Stage Rules” (updated March 13, 2026), help-centre article “Fees after qualifying for a Master Account” (January 21, 2026) and help-centre article “Who Qualifies for the Live Program?” (December 19, 2025), checked October 11, 2026.
Legends Trading Rules for Every Account Size
Apprentice evaluation (current rules, January 26, 2026)
| Rule | 50K | 100K | 150K |
|---|---|---|---|
| Profit target | $3,000 | $6,000 | $9,000 |
| EOD trailing max loss | $2,000 | $3,000 | $4,500 |
| Daily loss limit | None | None | None |
| Consistency in evaluation | None | None | None |
| Minimum trading days | 1 | 1 | 1 |
| Maximum time | None | None | None |
| Max position | 2 minis / 20 micros | 4 minis / 40 micros | 6 minis / 60 micros |
| Scaling | None | None | None |
| Activation fee after passing (help centre) | $99 | $129 | $149 |
The “Apprentice Plan Update” lists what was removed: intraday trailing on Master accounts, consistency