Complete Legends Trading Prop Firm Guide

Legends Trading is a futures prop firm based in Calabasas, California, founded by Greg Khojikian, who also serves as CEO of GFF Brokers¹². The firm offers three evaluation paths — Apprentice, Straight to Master, and Elite — with accounts from $25,000 to $150,000³.

With EOD trailing drawdown, no daily loss limit, a 90/10 profit split, and TradersPost compatibility via Tradovate, Legends Trading brings a legitimate brokerage background to the prop firm space.

Company Overview

Legends Trading Group was founded by Greg Khojikian, who has over 20 years of experience in the futures brokerage industry¹. Khojikian is also the founder and CEO of GFF Brokers, a registered futures brokerage². This brokerage background distinguishes Legends Trading from most prop firms, which lack connections to regulated brokerage operations.

Evaluation Programs

Apprentice Plan (Monthly Subscription)

Monthly subscription with 4 minimum trading days and a 30% consistency rule³. Subscribers receive a complimentary reset upon renewal if their account is disqualified³. Activation fees of $99-$199 apply upon passing³.

• $25K: $1,500 target, $1,500 drawdown, 4 minis / 40 micros³
• $50K: $3,000 target, $2,000 drawdown, 10 minis / 50 micros³
• $100K: $6,000 target, $3,000 drawdown, 14 minis / 70 micros³
• $150K: $9,000 target, $4,000 drawdown, 17 minis / 85 micros³

Straight to Master (One-Time Fee)

One-time payment with 10 minimum trading days and a 30% consistency rule³. No activation fee upon passing. Profit targets on $100K and $150K accounts are lower than Apprentice equivalents³.

• $25K: $1,500 target, $1,500 drawdown, 4 minis / 40 micros³
• $50K: $3,000 target, $2,000 drawdown, 10 minis / 50 micros³
• $100K: $4,000 target, $3,000 drawdown, 14 minis / 70 micros³
• $150K: $6,250 target, $4,000 drawdown, 17 minis / 85 micros³

Elite Plan (One-Time Fee)

The most affordable option with no activation fee and a 40% consistency rule³. Lower contract limits than other plans.

• $25K: $1,500 target, $1,250 drawdown, 2 minis / 20 micros³
• $50K: $2,700 target, $2,200 drawdown, 4 minis / 40 micros³
• $100K: $6,000 target, $3,000 drawdown, 8 minis / 80 micros³
• $150K: $9,000 target, $4,500 drawdown, 12 minis / 120 micros³

Profit Split and Payouts

Legends Trading offers a 90/10 profit split (90% to trader, 10% to firm)⁴. Payouts are available up to twice per month. After the 2nd successful payout, traders can transition to a live funded account through the firm's regulated brokerage partners⁴.

Contact Legends Trading for current payout minimums, caps, and processing details, as these are managed through the firm's knowledge base and dashboard rather than public documentation.

Trading Rules

• Drawdown type: End-of-day (EOD) trailing across all plans³
• Daily loss limit: None — only the overall EOD trailing max loss applies³
• Consistency rule: 30% (Apprentice/Master) or 40% (Elite) — no single day can exceed that percentage of total profits³
• Minimum trading days: 4 (Apprentice), 10 (Straight to Master)³
• No maximum time limit: Evaluations have no expiration³
• Stop losses: Optional — not required for payout eligibility

Supported Platforms

• Tradovate: Desktop and mobile (TradersPost compatible)⁴
• NinjaTrader: Desktop trading platform⁴
• Rithmic: Professional data feed and execution⁴

Automation with TradersPost

Legends Trading is compatible with TradersPost through its Tradovate integration⁴. Traders can automate TradingView or TrendSpider strategy alerts by routing webhooks through TradersPost to their Legends Trading Tradovate account.

The firm's automation policy is not explicitly defined in public materials. The platform support for NinjaTrader and Tradovate (both commonly used for automated execution) and the founder's brokerage background suggest familiarity with automated trading. Contact Legends Trading support to confirm whether your specific automation approach is permitted before deploying.

Comparison to Other Prop Firms

Profit Split: Legends Trading offers 90/10⁴. Apex offers 100% on first $25K. TradeDay offers 80/90/95% tiered.

Drawdown: Legends uses EOD trailing across all plans³. TradeDay offers 3 types. Apex offers both EOD and static.

Daily Loss Limit: Legends has none³. TradeDay has none. Topstep enforces daily limits.

Brokerage Background: Legends Trading's founder also runs GFF Brokers². Most competitors have no brokerage affiliation.

Pros and Cons

Advantages

• Founded by the CEO of a registered futures brokerage (GFF Brokers)²
• No daily loss limit across all plans³
• EOD trailing drawdown is more forgiving than intraday trailing³
• Three evaluation paths for different budgets and styles³
• Complimentary reset on Apprentice subscription renewal³
• Transition to live funded accounts after 2nd payout⁴
• Elite plan offers some of the lowest one-time costs in the industry³
• Tradovate support for TradersPost compatibility⁴

Disadvantages

• Relatively new firm with limited track record
• Payout policies not fully documented on public website
• Automation policy not clearly defined — may need direct clarification
• Elite plan has lower contract limits than Apprentice/Master³
• Straight to Master requires 10 minimum trading days³

Conclusion

Legends Trading's connection to GFF Brokers gives it credibility that most prop firms lack². The combination of no daily loss limit, EOD trailing drawdown, and three evaluation paths³ creates a flexible environment for futures traders.

The main limitations are the firm's limited public documentation on payout policies and an unclear automation policy. For TradersPost users, the Tradovate integration provides a path to automation⁴, but confirming specific automation rules with the firm is recommended before deploying.

Verify current evaluation options, pricing, and rules on the Legends Trading website before purchasing.

References

¹ Legends Trading - About
² GFF Brokers - A Letter from Greg Khojikian
³ Legends Trading - Evaluation Plans
⁴ Legends Trading - Main Website