Legends Trading GroupReviews of thelegendstrading.com

Legends trading does not allowed use bot and they close my account for hedging. I have 2 accounts closed my buy position and open sell position and switch to my other account to close buy position and open sell position. Legends already considered this as hedging. i'm just switching position because the market is ranging and the switching 1 account to another takes more than 10 seconds manually and i don't have copy trader. They should know what is true hedging doing from just changing trades one account at a time. Stay away from this firm

SO THIS MY CONCURENT REVIEW OF LEGENDS TRADING GROUP. I AM WRITING THIS BECAUSE I JUST RECEIVED AN UNBELIVABLE RESPONSE FROM THEM. TO SUMMARIZE, I BOUGHT SOME EVALS WITH PROMOTION PRICES AND ACTIVATION FEES, AND AFTER I HAD PASSED THE EVAL , THEY MADE ME PAY THE WHOLE AMOUNT FOR THE ACTIVATION FESS RATHER THAN THE PROMOTIONAL PRICE. AND THE EXCUSE THEY SAID WAS " WE CANT APPLY PROMOTIONAL PRICE RETHROACTIVELY". WHAT A DUMMASSS EXCUSE IS THAT ... LET ME EXPLAIN, THE PROMOTIONAL PRICE CONSISTS OF 2 PARTS, EVAL AND ACTIVATION. SO WHEN YOU PASS THE EVAL , YOU ARE SUPPOSED TO PAY THE PROMOTIONAL ACTIVATION FEE, BUT THIS FIRM IS A MALICIOUS FIRM, NOT AN HONEST FIRM.. SO STAY AWAY FROM THIS MALIGNANT FIRM, THERE ARE 10S OF OTHER HONEST FIRMS OUT THERE. FORGET ABOUT LEGENDS TRADING ...

Live account dawdown 6000 But just -2600 they close my account . Dont try this fund. While i got 5 master account with 20k profits total and when moved to live they give me just 6000 profits.

Haven't EXPERIENCED them enough yet to know what others reported. But had enough to get thier deceving policies. Below is my VERBATIM chat log (only took the names out) with them on their payout policy. They advertise a 90/10 split but I clearly pointed them how wrong it is. The best case it is 50/50 or even worse. READ ON I got a couple of questions as well on the payout policy. I just have met profit target for a $150k apprentice account. If I register for a master account, I see: 1. Payout split is 90/10 2. The $150k account has a $4500 EOD trailing DD 3. Initial profit target for first payout is $7500. Given per payout cap is $2500, what happens to the additional profit made? 4. For subsequent payout, minimum profit required is $4500. Again, if per payout cap is $2500, what happens to the additional profit made? Apprentice Master Account Payout Process & Policy Traders can request payouts anytime during the month. There is no payout window! For your first payout, you must complete 7 individual trading days, with actual trades placed on each of those days, before you become eligible to request it. For every payout after that, you must again complete a minimum of 7 new trading days between each payout request. These must be 7 separate days where real trades were executed. The 7 day count is measured from request to request. It is not based on approval dates, processing dates, deductions, or payout issuance timing. ​ To qualify for a payout, you must follow the 35% Consistency Rule across your 7 trading days. This means your best trading day cannot be more than 35% of your total profit target for that period. For Example: To stay within the 35% rule on a 50K Master Account, your best trading day should be $1,050 or less, while reaching a total profit target of $3,000 over 7 trading days. There is a minimum payout of $1,000 for any payouts requested during the first, second and third payout, with a minimum account balance threshold after payout. See maximum payouts below. Winning Day Threshold: $200 minimum profit per winning day ​ ​Initial Profit Targets (Before First Payout): $50k Account- $53,000 $100k Account- $105,000 $150k Account- $157,500 ​ ​MAXIMUM Payout Limit: $50k Account- $1,200 [$1,080 -> Trader | $120 -> Legends] (90/10 Split) $100k Account- $2,000 [$1,800 -> Trader | $200 -> Legends] (90/10 Split) $150k Account- $2,500 [$2,250 -> Trader | $250 -> Legends] (90/10 Split) Profit Targets After First Payout (Subsequent Payout Requirements): $50k Account- $2,000 $100k Account- $3,000 $150k Account- $4,500 -- • 1hSeen • 1h Ok, I am still trying to understand it. So, for a master account, given that the consistency and 7 day profit requirement is met - once the account balance reaches $157500, once can request $2500 payout (receives 90%). This leaves the account balance at $155000. Now how the subsequent qualifies? Does one need to make another $4500 to request $2500 (with consistency and 7 days minimum profit)? If that is so, then the account balance goes to $159500. And the trader can request on $2500 payout leaving new account balance at $157500. So, at each cycle completed traders leave additional profit there. Question is what happens to those profits. -- • 56mSeen • 56m Yes, for subsequent payouts, you need to generate a new profit of $4,500, and you can withdraw a maximum of $2,500 per payout cycle. ​ The total profit you make on the account cannot be withdrawn all at once. You can only withdraw the maximum allowed amount per payout cycle -- • 50mSeen • 50m So, it's practically not a 90/10 split, after initial payout (which is even worse), trader got to make $4500 to get a payout of $2250, that's practically 50/50 split. To be honest, the most unfavorable conditions in the entire futures prop industry!

They told me to contact them by email after denying my payout. I did exactly that and emailed supportthelegendstrading.com, but I received no response at all. I’ll say it again: very poor support and communication. I’m simply trying to resolve my payout issue, but no one is responding to my emails.

Compre varias evaluaciones, falle una y pase otra, me cancelaron la que pase y no me dieron la fondeada, porque segun ellos la habia cancelado, despues de insistirle que no era cierto, admitieron que no habia sido yo quien la cancelaron, sino ellos pero me dijeron que habia incumplido las reglas, y como me cerraron la cuenta se suponia que ya no podia revisarlo, pero fui a la plataforma y saque el historial de operaciones y no aparecian las supuestas operaciones a esa hora, le envie los archivos, pero no los admitieron, insistieron en que habia incumplido las reglas para no darme la cuenta, nunca me habia pasado algo parecido, desde luego hay muchas empresas, para gastarme el dinero y el tiempo, ya no volvere a comprar, cuando se niegan a darme la evaluacion por pasada, no quiero imaginar si fuera un pago...

Compre varias evaluaciones, falle una y pase otra, me cancelaron la que pase y no me dieron la fondeada, porque segun ellos la habia cancelado, despues de insistirle que no era cierto, admitieron que no habia sido yo quien la cancelaron, sino ellos pero me dijeron que habia incumplido las reglas, y como me cerraron la cuenta se suponia que ya no podia revisarlo, pero fui a la plataforma y saque el historial de operaciones y no aparecian las supuestas operaciones a esa hora, le envie los archivos, pero no los admitieron, insistieron en que habia incumplido las reglas para no darme la cuenta, nunca me habia pasado algo parecido, desde luego hay muchas empresas, para gastarme el dinero y el tiempo, ya no volvere a comprar, cuando se niegan a darme la evaluacion por pasada, no quiero imaginar si fuera un pago... YA ESCRIBI A SOPORTE PERO NO ME AYUDARON EN NADA Y SIGO SIN MI CUENTA

Poor supports and very disgusting payout scheme,they rejected my 1500$ payout. Never buy this prop firm