At a glance

Category winners across the firms you picked

Cheapest to start

Legends Trading

$60 true cost

Highest rated

IQ Capital

4.7 / 5 trader rating

Best profit split

Legends Trading

90% to the trader

Fastest payout

Legends Trading

On demand

The bottom line

Accounts compared here

True cost here means the initial account fee plus activation after the displayed promotion. It excludes renewals, resets, taxes and optional charges. Open each account for its billing terms, evaluation rules and funded payout requirements; a lower entry cost does not guarantee a payout.

50 of 61 metrics differ

IQ Capital4.7Details

Legends Trading3.9Details

Side-by-side comparison of IQ Capital, Legends Trading
	IQ Capital$50K	Legends Trading$50K
Account Pricing
Price	$135$67580% OFF	Best value: $60$15160% OFF
Activation Fee	None	None
True Cost	$135after discount + activation	Best value: $60after discount + activation
Reset Fee	Not published	Not published
Current Promotion	LUMI: $135.00 initial fee	LUMI (60% off)
Evaluation Phase
Profit Target	Not published	$2,7005.4% of account
Max Drawdown	Not published	$2,200
Drawdown Type	Not published	End of Day
Daily Loss Limit	Not published	None
Max Position Size	Not published	4 contracts
Consistency Rule	Not published	40%
Funded Phase
Max Drawdown	$2,000	Not published
Drawdown Type	End of Day	End of Day
Daily Loss Limit	$1,000	Not published
Max Payout/Cycle	$1,500Min: Not published	Best value: $2,000Min: $500
Consistency Rule	No	40%
Value MetricsDerived from price, discount, targets and payout caps — fewer breakeven cycles and higher first-cycle ROI mean the account pays for itself faster.
Breakeven Winning Cycles	1 cycle	1 cycle
Max First-Cycle ROI	641%	Best value: 3211%
Target : Drawdown	—	1.23lower = easier to pass
Company Info
Established	Not published	2023
CEO	Christoph Radecker	Not disclosed
Country	Saint Lucia	United States
Trader Rating	Best value: 4.7	3.9
Features
Allows Scaling	No	Yes
Daily Payouts	Yes	Yes
1-Day Pass	Yes	Yes
KYC Required	Required	Required
Trading
Instruments	Not published	ES, MES, NQ, MNQ, RTY, M2K, NKD, YM +28 more
Evaluation Types	1-step, Instant funding	1-step
Platforms	Quantower, ATAS, DeepCharts +11 more	Tradovate, NinjaTrader, TradingView +3 more
Max Funding	—	$750,000
Profit Split	80%	Best value: 90%
Max Accounts	Not published funded · Unlimited evaluation	5 funded · 10 evaluation
Trading Rules
Scalping	Restricted	Restricted
Payouts
Payout Frequency	Every 1 trading days	On demand
Min Payout	Not published	from $500
Payout Methods	USDC (ERC-20), Bank transfer	Rise
Payout StructureHow money actually leaves the account: what you must do to qualify, how much each payout may be, and when the cap stops applying.
Payout cadence	Every 1 trading days	On demand
Eligibility	1 trading days · profit above buffer	5 profitable days · profit above buffer
Payout cap	$1,000 (#1-#2) → $1,500 (#3-#5)	$2,000 per payout
Payout limit	5 payouts	Unlimited
Safety-net buffer	Not published	Fixed
Scaling	Not published	Tiered by balance · 3 tiers
Activation fee	None	None
Evaluation TermsThe shape of the challenge itself, including where the consistency rule applies — an evaluation-only rule and one that binds for the life of the account are very different obligations.
Evaluation type	1-step	1-step
Time limit	Not published	Not published
Min trading days	Not published	None
Fastest possible pass	Not published	3 days
Resets	Not published	Not available
Consistency rule	Not published	40%
Consistency applies to	Not published	Every payout cycle
What You May TradeEach firm's own position on the strategies traders get breached for, with its published qualification. A restriction is not the same as a ban.
News trading	✓ AllowedNo additional news blackout window is published.	! RestrictedElite evaluations allow Tier-1 news; Apprentice Master accounts prohibit trades two minutes before and after Tier-1…
Weekend holding	! RestrictedProhibited for Futures.…	✗ Not allowedSim accounts close positions by each trading day’s liquidation deadline.
Overnight holding	! RestrictedFutures must close daily; CFD/Crypto may hold overnight.	✗ Not allowedSim accounts must flatten before the sector-specific end-of-day deadline; live-program swing permissions must be…
Bots & automation	? Not publishedHelp articles allow transparent, trader-controlled systems, but the Terms of Use prohibit automated trading tools.…	? Not publishedThe About page advertises automated trading and a visual automation builder, while Terms prohibit automated access…
High-frequency trading	✗ Not allowed	✗ Not allowedHundreds of rapid trades exploiting simulated queue positions and disruptive trading are prohibited.
Dollar-cost averaging	? Not publishedA separate dollar-cost-averaging policy was not found; combined positions remain subject to per-market loss limits.	? Not publishedThe current Prohibited Conduct and Terms pages do not explicitly address averaging down, martingale or grid trading.…
Hedging	! RestrictedAllowed only within a CFD/Crypto hedging account.…	✗ Not allowedOpposing exposure across same or correlated product groups is prohibited within or across accounts, including…
Copy trading	✗ Not allowedCopying, external signals, account sharing and third-party account management are prohibited.	? Not publishedThe current help search for copy returns no articles.…
Microscalping	! RestrictedAt least 50% of trades and at least 50% of profits must come from positions held longer than 15 seconds.…	✗ Not allowedFlipping positions within seconds to capture minimal price movements and exploiting simulated fills are prohibited; no…
VPN	! RestrictedAllowed for security or connectivity, never to hide identity or bypass jurisdiction restrictions.	? Not publishedCircumventing geographical or technical restrictions is prohibited.…

IQ Capital vs Legends Trading: Full Comparison

IQ Capital, based in LC, and Legends Trading, founded in 2023, based in US, are both popular choices among futures and crypto and forex prop traders. IQ Capital offers up to not published in funding, while Legends Trading provides up to $750,000 across 5 accounts. Both firms support Quantower, Tradovate, TradingView and 1 more platforms.

The verdict

Legends Trading is the cheaper way in at $60 true cost versus $135 for IQ Capital. Legends Trading returns more to the trader with a 90% profit split. IQ Capital has the stronger reputation with a 4.7/5 trader rating. True cost compares IQ Capital's $50,000 Futures Rapid Daily (1D) account with Legends Trading's $50,000 Elite account, after current discounts and activation fees.

Key statistics for IQ Capital and Legends Trading
Feature	IQ Capital	Legends Trading
Profit Split	80%	90%
Trader rating	4.7/5	3.9/5
Max Funding	not published	$750,000
Entry cost (cheapest account)	$135	$47.60
True Cost (selected account)	$135 · $50,000	$60 · $50,000
Max Drawdown (selected account)	$2,000	Not published
Daily Loss Limit (selected account)	$1,000	Not published
Largest Account	$200,000	$150,000
Payout Frequency	Every 1 trading days	On demand
Trading days per payout cycle (selected account)	1 trading day	Not published
Evaluation Type	1-step, Instant funding	1-step
Platforms	14	6
Discount	up to 80% off	up to 60% off

Where IQ Capital Wins

+Higher trader rating (4.7 vs 3.9)
+More platform options (14 vs 6)
+Bigger current discount (up to 80% vs up to 60%)

Read the full IQ Capital review for rules, pricing tiers and payout details.

Where Legends Trading Wins

+Higher profit split (90% vs 80%)
+Lower entry cost on its cheapest account, a $25,000 ($47.60 vs $135 for a $50,000)

Read the full Legends Trading review for rules, pricing tiers and payout details.

Frequently Asked Questions

What is the main difference between IQ Capital and Legends Trading?

IQ Capital offers a 80% profit split with 1-step/Instant funding evaluation, while Legends Trading offers a 90% profit split with 1-step evaluation. IQ Capital supports 14 trading platforms and Legends Trading supports 6. IQ Capital has a trader rating of 4.7/5 compared to Legends Trading's 3.9/5.

Which is cheaper, IQ Capital or Legends Trading?

Legends Trading is cheaper to enter: $60.40 all-in for a $50,000 account, against $135 for IQ Capital's $50,000 account. Both figures are after the current discount and include the activation fee. Entry cost excludes renewals, resets, taxes and optional charges; it is not the total cost of reaching a payout. Both firms offer discounts — IQ Capital at up to 80% off and Legends Trading at up to 60% off.

Which has better payout terms, IQ Capital or Legends Trading?

IQ Capital pays out every 1 trading days with no published minimum for that selected account, while Legends Trading pays out on demand with a minimum of $500. IQ Capital's selected account requires at least 1 trading day per payout cycle, and The trading-day requirement for Legends Trading's selected payout cycle is not published. Qualifying-day profit thresholds, buffers, consistency rules and approval requirements still apply. A trading-day minimum is not a payment-delivery estimate.

Can I use trading bots with IQ Capital and Legends Trading?

IQ Capital does not publish a trading-bot policy, while Legends Trading does not publish a trading-bot policy. On VPNs, IQ Capital permits VPN use under published conditions and Legends Trading does not publish a VPN policy.

IQ Capital vs Legends Trading — quick answer

IQ Capital vs Legends Trading for 2026: compare evaluation types (1-step, Instant funding vs 1-step), payout cadence for the selected accounts (Every 1 trading days vs On demand), platforms, and true challenge cost. Legends Trading offers a higher profit split (90% vs 80%). Use the tables below for drawdown, minimum days, and current promotion status before you buy.

Affiliate disclosure: We may earn a commission when you use our links. How we stay unbiased.