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Legend Capital
Details
- Profile details were refreshed
Crypto and forex perpetual-futures prop program (Legend Capital) on the Legend app, built on Hyperliquid. Classic and Flex one-step evaluations plus a $500 Instant account, with simulated balances and USDC payouts to the Legend wallet. The Terms of Service (updated 6 Nov 2026) and Privacy Policy name the operator as Many Labs Inc., a Panama company (folio 155776558, RUC 155776558-2-2025, registered December 2025). Directors on the Form D include Ryan Ho (@ryohhno), James D'Ambrosi, Ian MacLeod and Enzo Coglitore.
Profiled by ProprietaryTrading.com
Things to know (5)
Independent notes from our review. Many firms have some; check the sources for detail.
Medium (3)
- The homepage claim of '63,000+ traders' could not be independently verified (checked 11 Nov 2026). Legend homepage (opens in new tab)
- Payouts are described as discretionary. Terms let the company delay, hold, refuse or cancel a payout and include a catch-all 'abusive practice' clause, with its decisions final (checked 11 Nov 2026). Legend Terms (Capital / Forbidden Practices) (opens in new tab)
- As of 11 Nov 2026, Legend Capital's public dashboard shows 2 payouts totalling $78.74 since the program began in Jul 2026 (verifiable on Hyperliquid); payout track record is very limited. Legend Capital transparency dashboard + Hyperliquid ledger (opens in new tab)
Low (2)
- Platform operator is Many Labs Inc. (Panama); apps and fundraising are under Many Legends, Inc. (Delaware). Legend Terms and SEC Form D (opens in new tab)
- Flex accounts: payouts capped at 4% of starting balance per request, maximum five payouts, then the account closes; profit above the cap is forfeited at close (checked 11 Nov 2026). Legend Capital docs (Flex payout rules) (opens in new tab)
- Headquarters
- Panama City, Panama ; New York, NY
- Founded
- 2025
- Legal entity
- Many Labs Inc. (operator); Many Legends, Inc. (US issuer / app publisher)
- Funding model
- Evaluation + Instant Funding
- Geographic availability
- U.S. tradersNot accepted
May suit
traders focused on crypto, forex, commodities; traders who want a choice between evaluation and instant-funding paths; traders who want a published scaling path.
Consider alternatives if
you require stocks, options; you rely on copy trading.
Trader rating
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At a glance
Structured facts about this firm
- Firm Type
- Evaluation + Instant Funding prop firm
- Market Focus
- Crypto, Forex, Commodities
- Trading Style
- Overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Panama City, Panama ; New York, NY
- Geographic availability
- Global (some jurisdictions excluded)
- Known For
- Classic and Flex one-step evaluations plus a $500 Instant path
- CEO
- Ryan Ho
Payout structure
How and when you get paid
Funding programs
Account types and the path to capital
Evaluation
Classic
Source (opens in new tab)One-step evaluation then a funded account. 10% profit target, 6% static max loss, optional 3% daily loss (or a higher fee for no daily limit). 80% trader share. Sizes $5K-$50K. Up to five Classic/Flex evaluations and funded accounts combined. Funded payouts capped at $5,000 gross per rolling 24 hours, $10 minimum partial, one pending payout, trading paused while a payout is pending.
- Profit split
- 80%
- Payouts
- On demand
- First payout
- Funded stage after passing the 10% target without breaching loss limits
- Max allocation
- $50,000
- Max drawdown
- 6% (static)
- Daily loss limit
- 3%
- Platforms
- Legend app, Hyperliquid
Pricing notes
One-time USDC fees, 11 Nov 2026 docs: $5K $60 (3% daily) / $75 (no daily); $10K $110/$150; $25K $275/$375; $50K $495/$745. Non-refundable once activated.
Flex
One-step evaluation then a funded account with a 90% split, 5% profit target, 40% consistency, a 2.4% soft daily lock and a 4% end-of-day trailing max that locks at 100.4%. Five qualifying profitable days are required before each payout. Each payout is capped at 4% of starting balance and 50% of available profit, with a rolling $5K cap; maximum five payouts, then the account closes and profit above the cap is forfeited.
- Profit split
- 90%
- Payouts
- On demand
- First payout
- Funded stage after passing the 5% target; then five profitable days (>=0.4%) before each payout; min request 2% of start
- Max allocation
- $50,000
- Max drawdown
- 4% (eod trailing)
- Min trading days
- 5
- Platforms
- Legend app, Hyperliquid
Pricing notes
Entry / reset fees, 11 Nov 2026 docs: $5K $13/$9, $10K $26/$18, $25K $65/$45, $50K $130/$90. Non-refundable once activated. Coupons can reduce entry fees, not resets unless the coupon says so.
Instant Funding
Instant
No evaluation and no daily loss limit. Currently only a $500 account ($10 fee, $10 loss allowance) at a 95% split. Larger Instant sizes ($5K-$50K) were listed as coming soon on 11 Nov 2026. The starting balance cannot be withdrawn. Equity strictly below the loss-allowance floor fails the account.
- Profit split
- 95%
- Payouts
- On demand
- First payout
- Starts funded; starting balance is not withdrawable; $10 loss allowance on the $500 plan
- Max allocation
- $500
- Max drawdown
- 2% (static)
- Platforms
- Legend app, Hyperliquid
Scaling
Larger Instant sizes listed as coming soon (11 Nov 2026).
Pricing notes
$10 one-time USDC fee for the $500 plan, non-refundable once activated. Larger Instant plans were not on sale as of 11 Nov 2026.
Trading rules
What's allowed, what isn't
Asset classes supported
Not offered: Stocks, Options
Scaling rules
No published Capital scaling plan beyond buying a larger size was extracted on 11 Nov 2026. Instant sizes above $500 were listed as coming soon.
Consistency rule
No consistency rule
Classic has no consistency rule in the 11 Nov 2026 docs. Flex has a 40% consistency rule and five qualifying profitable days before each payout.
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Pros & cons
A balanced view based on documented terms
Strengths
- +Identifiable founders and directors; SEC Form D and VC backing (Electric Capital, Amber, GSR) confirmed by independent directories in the 11 Nov 2026 step-2 audit
- +A real, used trading app (about $1.27B perpetual volume on DefiLlama as of 11 Nov 2026)
- +Public, on-chain-verifiable Capital transparency dashboard (rare in this sector)
- +No regulator warning, lawsuit or complaint thread found against this entity (a Bank of Russia hit on legendtrade.capital is a different firm)
- +The two Capital payouts that exist were paid quickly and matched the chain to the cent
Trade-offs
- −Capital has almost no payout track record (2 payouts totalling $78.74 as of 11 Nov 2026)
- −Homepage "63,000+ traders" could not be independently verified
- −Platform operator (Many Labs Inc., Panama) and US issuer / app publisher (Many Legends, Inc., Delaware) are different companies
- −Flex payouts are tightly capped and leftover profit is forfeited when the account closes
- −Payouts are contractual discretionary rewards, and the Capital product is not available to US residents
Legend Capital FAQs
Based on terms reviewed Nov 12
What should traders verify before choosing Legend Capital?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with Legend Capital before purchasing.
Does Legend Capital offer evaluation and instant-funding options?+
Legend Capital offers an evaluation (challenge) path and an instant-funding path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do Legend Capital's payouts and profit split work?+
The published profit split is up to 95% of net profits to the trader, depending on the program; payout frequency: USDC to the Legend wallet. Classic: $5,000 gross cap per rolling 24 hours, $10 minimum partial, one pending payout, trading paused while pending. Flex: 5 profitable days per request, caps and a five-payout close-out (see flags). Instant: no rolling cap on the $500 plan.; first payout eligibility: Funded stage after a Classic or Flex pass; Instant starts funded. Minimums and caps above. Payouts are described as discretionary.. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
How does Legend Capital's scaling plan work?+
Legend Capital publishes a scaling ceiling of up to $50,000 through scaling. No published Capital scaling plan beyond buying a larger size was extracted on 11 Nov 2026. Instant sizes above $500 were listed as coming soon. A scaling ceiling is the maximum allocation reachable over time — not the size of an initial funded account.
What are Legend Capital's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: overnight holding is allowed, weekend holding is allowed, copy trading is not permitted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at Legend Capital?+
Platforms: Legend app (web, iOS, Android), Hyperliquid. Markets: crypto, forex, commodities. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
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