Legion Funding – Instant Daily Plan FAQ
1. What is the Instant Daily Plan?
The Instant Daily Plan gives you access to a funded account immediately, with no profit target required.
You can start trading as soon as your account is activated, provided you follow all applicable trading rules.
2. Is there a profit target?
No. There is no profit target on the Instant Daily Plan.
You can request a payout once you meet the required payout conditions.
3. What is the maximum drawdown?
The maximum drawdown is 4% of the account size.
For example, on a $100,000 account:
Starting Balance: $100,000
Maximum Drawdown: 4%
Maximum Drawdown Level: $96,000
4. Is there a daily drawdown limit?
No. The Instant Daily Plan does not have a daily drawdown limit.
The 4% maximum drawdown still applies.
5. How much can I risk per symbol?
You can risk a maximum of 1% per symbol.
Your risk is calculated based on your total open/floating P&L exposure on that symbol. This means that all open positions on the same symbol are considered together, including their current floating P&L.
Example — $100,000 Account (XAUUSD):
0.5% risk = $500 in open risk on XAUUSD ✅
1.0% risk = $1,000 in open risk on XAUUSD ✅
1.1% risk = $1,100 in open risk on XAUUSD ❌ Hard Breach resulting in Account Termination
Important: The 1% limit applies to your total floating risk on the symbol, not to each individual position separately.
For example, if you have multiple XAUUSD positions, their combined floating P&L/exposure is taken into consideration when determining whether you have exceeded the 1% risk limit.
Maximum allowed risk: 1% per symbol
Above 1%: ❌ Hard Breach and account termination
6. What is the minimum trade holding time?
Every trade must be held for at least 1 minute.
This applies whether you close the trade fully or partially.
7. What happens if I close a trade before 1 minute?
The first violation results in a Soft Breach.
A second violation results in a Hard Breach.
8. When can I request a payout?
You can request a payout daily, provided that all payout requirements are met.
Your profits must exceed the required 4% payout buffer.
9. What is the 4% payout buffer?
The first 4% of profit is maintained as a payout buffer.
Only profits above this buffer are eligible for payout, subject to the other payout requirements.
Example:
On a $100,000 account:
4% Buffer = $4,000
Account Balance = $106,000
Eligible Profit = $2,000
10. What is the minimum payout?
The minimum payout is 0.5% of the original account size.
For a $100,000 account, the minimum payout is $500.
11. What is the profit split?
The trader receives 70% of eligible profits, while Legion Funding receives 30%.
Example:
$2,000 eligible profit:
Trader: $1,400
Legion Funding: $600
12. Are there any other trading restrictions?
Yes. All Instant Daily accounts must comply with Legion Funding's existing News Trading Rules and Prohibited Strategies.
Please refer to the respective FAQ sections for full details - https://help.legionfunding.com/en/
13. What happens if I violate an account rule?
Depending on the rule violated, your account may receive a Soft Breach or Hard Breach.
Always ensure that you understand and follow the applicable trading rules before placing trades.
Instant Daily Plan – Quick Summary
Rule | Requirement |
Profit Target | None |
Daily Drawdown | None |
Maximum Drawdown | 4% |
Maximum Risk Symbol | 1% |
Minimum Holding Time | 1 Minute |
Payout Frequency | Daily |
Payout Buffer | 4% |
Minimum Payout | 0.5% |
Profit Split | 70% Trader / 30% Legion Funding |