To maximize your success and ensure compliance throughout your trading journey, please carefully review the following important guidelines and limitations for the Legend Account:

1. Daily Drawdown

You are allowed a maximum daily loss of 5% of your account balance.
This means that on any given day, your losses must not exceed this percentage.
The daily drawdown is calculated based on your account balance at the end of the previous trading day (broker time midnight).

2. Maximum Drawdown

The maximum overall loss allowed is 10% of your initial account balance.
Your account balance/equity must not fall below 90% of the initial amount at any point during your trading journey.

3. Profit Target

• Phase 1: Achieve a 10% profit target.

• Phase 2: Achieve a 5% profit target.

4. Minimum Trading Days

You must execute at least 4 separate and distinct trades during the challenge.
These trades can be placed on non-consecutive days, giving you greater flexibility.
There is no maximum limit on the number of trades—you may trade as much as you wish.

5. Floating Loss Rule

During both the challenge phases and on funded accounts, a 2% floating loss rule applies only to accounts with $50,000 and $25,000 balances.

6. Trade Time Limit

A minimum trade duration of 30 seconds is required between opening and closing any trade on Flash Challenges and Flash Funded Accounts.

7. Free Challenge Retry

In Legend Challenges, traders have the opportunity to retry the challenge once for free if they fail in either Phase 1 or Phase 2.
Requesting a free retry constitutes confirmation and certification that your original Legend account has been lost.