Does Legends Trading Have a Daily Loss Limit?
The Simple Answer
No on almost everything. Legends does not use a daily loss limit on Apprentice evaluations, on Apprentice funded Master accounts, or on any Elite evaluation. What controls your risk instead is an end of day trailing max loss, measured once at the close rather than during the session. There is one loose end: the Elite Master article lists a daily loss limit as applicable on Master Accounts without publishing a number, while every Elite plan card says None. Ask Legends to confirm which applies before you rely on it.
Below is a breakdown of how the Legends Trading daily loss limit applies across every account type the firm offers.
Daily Loss Limit by Account Type
Breakdown by Account Type
Apprentice evaluation
There is no daily loss limit on any Apprentice evaluation. Legends confirms this twice, once in its Apprentice Evaluation Guidelines table and again in its Apprentice plan update, which answers the question directly with no DLL in evaluation or funded. What you do have is an end of day trailing max loss of $2,000 on a 50K, $3,000 on a 100K and $4,500 on a 150K, calculated using the max drawdown at the end of each trading day. Legends frames that deliberately, saying it lets you focus on your strategy without pressure during trading hours.
Apprentice Master, funded
Same answer, no daily loss limit. The Master Account rules table lists it as None on the 50K, 100K and 150K. Your max loss limit is $2,000, $3,000 and $4,500 respectively, and the end of day trailing drawdown stops trailing at your starting balance plus $100. Note that Legends moved Master accounts from intraday trailing to end of day tracking in its most recent Apprentice update, so older third party write ups describing intraday trailing here are out of date.
Elite evaluation
No daily loss limit either. The Elite Evaluation Stage rules state None on evaluations outright, and each Elite plan card repeats Daily Loss Limit: None. Elite uses an end of day trailing max loss instead: $1,250 on the 25K, $2,200 on the 50K and $3,000 on the 100K, with the corresponding figure on the 150K. A 40 percent consistency rule applies in the evaluation, and unlike Apprentice there is no activation fee.
Elite Master, funded
This is the one to check. The Elite Master Account stage rules list Daily Loss Limit with the description applicable on Master Accounts, but publish no value for any account size. Meanwhile every Elite plan card on the public pricing page states Daily Loss Limit: None. Those two official pages do not agree, and Propvator will not guess a number. Ask Legends support to confirm in writing whether an Elite Master account carries a daily loss limit and, if so, what it is at your size.
Final Comments
Legends publishes its rules in two places that do not always match: the plan cards on its pricing page and its help centre. Where they conflict, as they do on the Elite Master daily loss limit, we have flagged it rather than picked a side.
A daily loss limit is the rule most traders breach first, usually on a day they were already losing. Know your number before the session starts, and check it against your own platform rather than assuming the firm will stop you in time.
Learn more details and compare prop firm discounts here: Propvator.com.
Compare rules, pricing and live discounts across every prop firm in one place.
FAQ
Does Legends Trading have a daily loss limit?
No on almost everything. Legends does not use a daily loss limit on Apprentice evaluations, on Apprentice funded Master accounts, or on any Elite evaluation. What controls your risk instead is an end of day trailing max loss, measured once at the close rather than during the session.
What is the daily loss limit on a Apprentice evaluation (50k / 100k / 150k) account?
No daily loss limit. There is no daily loss limit on any Apprentice evaluation. Legends confirms this twice, once in its Apprentice Evaluation Guidelines table and again in its Apprentice plan update, which answers the question directly with no DLL in evaluation or funded.
What is the daily loss limit on a Apprentice Master, funded (50k / 100k / 150k) account?
No daily loss limit. Same answer, no daily loss limit. The Master Account rules table lists it as None on the 50K, 100K and 150K.
What happens if I hit the Legends Trading daily loss limit?
This is the one to check. The Elite Master Account stage rules list Daily Loss Limit with the description applicable on Master Accounts, but publish no value for any account size. Meanwhile every Elite plan card on the public pricing page states Daily Loss Limit: None.
How can I track my Legends Trading daily loss during the session?
Most futures platforms show realised and unrealised profit and loss live, and commissions usually count toward the limit. Set your own alert well before the number rather than trusting the platform to stop you at it.
