Legends Trading vs Phoenix Trader Funding
Side-by-side rules, fees and payout terms. Rows with differences are highlighted; anything we could not verify is marked as such.
| Rule | Legends Trading | Phoenix Trader Funding |
|---|---|---|
| Drawdown modelⓘ | Trailing end-of-day | Trailing end-of-day |
| Profit splitⓘ | 90/10 on live funded after 2nd payout | 90/10 |
| Payoutsⓘ | Up to twice per month once consistency met | Weekly |
| Consistency ruleⓘ | 30% best-day cap | 50% best-day cap |
| Daily loss limitⓘ | None | None |
| News tradingⓘ | Unverified | Allowed |
| Weekend holdingⓘ | Unverified | Not allowed |
| Min. trading daysⓘ | Unverified | 2 days |
| Activation / PA feeⓘ | Unverified | None |
| Data feed feeⓘ | Unverified | Unverified |
| Reset feeⓘ | Varies / unverified | Varies / unverified |
| Payout bufferⓘ | Not captured. | Locked buffer $1,500 / $2,000 / $3,000 |
| Contract scalingⓘ | Apprentice max: 50K 2 contracts/20 micros, 100K 4/40, 150K 6/60. | Max contracts 1 |
| Platforms | Tradovate, NinjaTrader, Rithmic, TradersPost | Odin (own platform), TFeed (connects to Tradovate, Rithmic, NinjaTrader and more), Thor trade copier |
| Entry price | from $35.40 / month | from $62.30 / month |
| Promo code | LTG (40% off) | FALL30 (30% off) |
| Last verified | 2026-10-07 | 2026-10-07 |
Highlighted rows differ between firms. Green = trader-friendly, red = restrictive, “Unverified” = we could not confirm it from the firm’s public rules.
True cost to first payout
Legends Trading
Apprentice 100K — true cost to first payout
Assumes you pass without resets and reach your first payout in about 2 months.
- Evaluation fee × 2 mo · 64.2/mo subscription, with code LTG (list 107)
- $128.40
- Activation / PA fee
- Unverified
- Data feed
- Unverified
- Total (known costs only)
- $128.40
Not included — unverified: activation fee, data feed fee.
Reset fee: unverified / varies by size. Payout buffer: Not captured.
Phoenix Trader Funding
Growth V3 (Classic) 50K — true cost to first payout
Assumes you pass without resets and reach your first payout in about 2 months.
- Evaluation fee × 2 mo · 89.6/mo subscription, with code FALL30 (list 128)
- $179.20
- Activation / PA fee · none
- $0
- Data feed
- Unverified
- Total (known costs only)
- $179.20
Not included — unverified: data feed fee.
Reset fee: unverified / varies by size. Payout buffer: Locked buffer $1,500 / $2,000 / $3,000 (25K / 50K / 100K); minimum payout $75; max payout per request $600 / $1,000 / $2,000; account moves to EdgeClear live funding after 4 payouts.
FAQ
Does Legends Trading have a trailing drawdown?
Legends Trading uses a trailing drawdown that updates at end of day (EOD) on its main program.
Does Legends Trading have a consistency rule?
Yes — 30% best-day cap. No consistency in Apprentice evaluation;
Is news trading allowed at Legends Trading?
This depends on program and phase; we could not verify a single answer.
Does Phoenix Trader Funding have a trailing drawdown?
Phoenix Trader Funding uses a trailing drawdown that updates at end of day (EOD) on its main program.
Does Phoenix Trader Funding have a consistency rule?
Yes — 50% best-day cap. Classic: best day may not exceed 50% of total profit in the challenge only;
Is news trading allowed at Phoenix Trader Funding?
Yes, with possible restrictions on funded accounts. Check Phoenix Trader Funding’s current rules.