Feature
Legend copy trading explained
Copy trading turns someone else's decisions into your positions. This page covers the documented mechanics, the documented costs, and the risks that come with delegating trading to a stranger.
Short answer
Legend copy trading mirrors a selected trader's position changes into a dedicated copy wallet, sized proportionally to your allocation. Legend documents it as alpha software, with allocations from $50 to $10,000 per trader and a profit share of up to 20% charged by some copied traders.
Last fact-checked: August 21, 2026
| Parameter | Documented value |
|---|---|
| Status | Alpha software |
| Minimum allocation per trader | $50 |
| Maximum allocation per trader | $10,000 |
| Profit share | Up to 20%, set by the copied trader and shown before you confirm |
| Position sizing | Proportional to your allocation relative to the copied trader |
| Wallet | A dedicated copy wallet, separate from your main trading balance |
| Skipped orders | Very small proportional orders may fall below minimum size |
| Restricted assets | Low-liquidity assets may not be copyable |
| Stopping a copy | Can close the mirrored positions at market |
| Platform fee | Legend's normal platform fee applies to mirrored trades |
How a copy actually executes
- You choose a trader and set an allocation within the documented limits.
- Legend creates a dedicated copy wallet funded with that allocation.
- When the copied trader opens, adjusts, or closes a position, your wallet mirrors the change, scaled to your allocation.
- Fees apply to your mirrored trades exactly as they would to your own.
- If the trader charges a profit share, it is deducted from profits according to the terms shown before you confirm.
What "alpha" means for you
Alpha is the earliest stage of a public software release. It means the feature can have bugs, behaviour can change without notice, and edge cases may not be fully handled — in a context where the outcomes are financial and irreversible. Treat any allocation as capital at risk from both market movement and software immaturity.
Why your results will differ from the trader you copy
- Skipped orders below minimum size break the proportional relationship.
- Restricted assets mean some of their trades never reach your wallet.
- Entry timing and slippage differ on every mirrored fill.
- Fees and any profit share are deducted from your side.
- You may start copying mid-position rather than at their entry.
How to evaluate a trader before copying — editorial assessment
- Look at the length of the track record, not the headline return. A short record of large gains usually means large risk was taken.
- Look at drawdown: the worst peak-to-trough loss tells you what you must survive.
- Look at the leverage used, not just the outcome it produced.
- Ask whether the profit share is justified by consistency across market conditions.
- Never allocate more to one trader than you would lose without changing your life.
What copy trading does not remove
It does not remove liquidation risk, fee costs, funding costs, or the possibility that a profitable trader stops being profitable the day you start copying. Delegating the decision does not delegate the loss.
Copy trading FAQ
Is Legend copy trading safe?
No form of copy trading is safe. Legend documents the feature as alpha software, and copying a trader reproduces their losses as well as their gains. Past results never guarantee future results.
How much can I allocate to one trader?
Legend documents allocations between $50 and $10,000 per copied trader. Check Legend's current documentation for the live limits before allocating.
What does copy trading cost?
You pay Legend's normal platform fee and Hyperliquid network fees on every mirrored trade. In addition, some copied traders charge a profit share, documented at up to 20%, which is displayed before you confirm a copy.
What happens when I stop copying a trader?
Legend documents that stopping a copy can close the mirrored positions. That closure happens at market prices, which may be worse than the price at which the position was opened.
Why did one of my copied trades not open?
Proportional sizing means very small orders can fall below minimum order sizes and be skipped, and low-liquidity assets may be restricted. Your copy will therefore not track the source trader perfectly.
Understand the risk and still want to try Legend?
Registering through the referral link is what makes the documented 10% cashback on Legend platform fees from losing trades available on your account. Read the fees and risks first.
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