Founded in 2022, Purdia Capital has emerged as a fresh figure in the futures proprietary trading sector, and their attractive, innovative approach makes them well worth exploring. The firm provides qualified traders with the opportunity to access funded futures trading accounts.
For newer traders, what really sets this platform apart is its provision of complementary resets for beginner accounts, which is of particular value for traders who are just getting started – it spares them concerns around reset fees as they acquaint themselves with the world of futures trading.
For traders more familiar with futures or funding firms, some noteworthy aspects of Purdia Capital’s offer include their weekly payouts with no consistency rule, close cooperation with a dedicated risk manager, genuine live funded accounts, and a regulated broker partner (Tradovate) with true third-party liquidity.
Whether you’re a beginner trader seeking a supportive platform for growth, or simply in search of a platform alongside which you can evolve, we invite you to dedicate a few moments to this comprehensive review.
Let’s delve into the Purdia Capital’s core framework and parameters. The primary highlights we’ll examine include the availability of complementary resets with a starter account, the provision of a daily loss threshold, and the presence of a dedicated risk manager – a person who will help you assess your performance and with whom you can have detailed, interactive discussions about refining your trading strategy. Once you’ve demonstrated proficiency in a live account, you can take weekly payouts without worrying about minimum trading days or a consistency rule, which is a significant indicator of their commitment to your success. Further, the Live Funded Accounts are genuine live accounts, funded with Purdia’s own money, meaning that they have financial incentives to see you succeed.
The firm has crafted an environment grounded in reality, where guidelines are designed to strengthen rather than hinder your progress as a trader.
During the evaluation stage, you’ll aim to demonstrate to the proprietary trading firm that you possess the ability to generate consistent profits as a trader. Once you have passed an evaluation, you will be onboarded into the funding process, which starts with a brief time in a simulated live account before being transferred to a Live Funded Account.
Purdia’s evaluations are designed for all levels of trader, from beginner to advanced.
Purdia Capital offers three basic accounts, 25K, 50K, and 100K with One-Step programs.
For experienced traders
This evaluation must be completed in 15 days – it is not recommended for those who are new to trading.
The imposition of a daily loss limit ensures that no account losses will occur as a result.
Let’s take a look at Purdia Capital’s Beginner Evaluation, which is an excellent choice for those who are new to trading or proprietary trading. Purdia Capital provides competitive beginner accounts with a unique feature: complimentary resets. These beginner assessments have stricter risk parameters compared with other assessment options, but they provide a more lenient environment in which beginners can familiarise themselves with the intricacies of the futures market.
Purdia’s beginner assessment consists of two stages, and during the initial stage, traders benefit from free resets. Traders are encouraged to engage in trading with small quantities of micro future contracts in order to foster responsible risk management practices and support consistent growth of trading accounts over time. It’s important to note that surpassing the daily loss limit should not cause undue concern – hitting this limit will only result in a temporary pause on your trading account for the remainder of the day. It will not jeopardise your account in the longer term.
These accounts are available in two sizes: 10K and 25K. This being the case, if you’re relatively new to futures trading or if proprietary trading is a fresh venture for you, we’d recommend these accounts as exceptional choices for beginners. Purdia’s free resets are an unprecedented offer – to the best of our knowledge, no other proprietary firms provide this benefit.
The guidelines are clear and simple: try not to reach the maximum drawdown and engage in trading a minimum of five days each week to attain the profit objective. Otherwise, there are no stringent consistency requirements. Moreover, trading during news events is permitted.
These rules are meticulously crafted to support traders in the meaningful and sustainable growth of their accounts.
The Evaluation Rules
- Achieve the desired profit objective
- Adhere to your predetermined risk boundaries
- Avoid reaching the maximum allowable drawdown.
The Evaluation Benefits
- Rapid one-step assessment
- No strict consistency requirement
- Traders have the freedom to engage in trading during news events
- Traders have the autonomy to establish their own daily loss thresholds
- Educational and coaching materials provided.
The Funded Rules
Setting just two clear guidelines, Purdia Capital gives you the freedom you need as a funded trader.
- Avoid hitting the maximum drawdown threshold.
- The initial payout requires a minimum of ten trading days.
The Funded Benefits
The intention behind these advantages is to assist you in achieving success as a funded trader.
After trading for a duration of ten days, you’ll come eligible for weekly payouts of up to $25,000. Purdia has no requirement on minimum trading days (after the first payout) or consistency rule for taking payouts.
As your account grows, the profit-sharing ratio becomes more favourable. It commences at 70/30 and has the potential to reach 90/10 after a consistent record of profits, withdrawals, and solid risk management.
Accumulate capital and unlock the opportunity to trade additional contracts. Because Purdia Capital places its trades into genuine live accounts funded with real money, live traders must adhere to the margin requirements of Purdia’s broker, Tradovate. As the account grows, traders will unlock the margin to trade more and more contracts.
Initially, you will trade within a simulated funded account, and upon completing 10 days successfully and reaching a profit target there, you’ll transition to a live trading account. The profits earned while in the Simulated Live Account are yours, and you will take them with you into the Live Funded Account (capped at the amount of the profit target).
Trade the News
Trading during news events is permitted. For traders in Live Funded Accounts, margin requirements change significantly around key economic news releases, but trading is still permitted.
A single, non-recurring fee of $130 is required, and there are no subsequent monthly charges once you’ve been funded. This activation fee is to be settled during the onboarding phase following the successful evaluation. Funded accounts do not incur any ongoing or monthly expenses.
– Divide the funded account into two separate accounts to mitigate risk
– Define your customised risk parameters
– Engage in discussions with their risk management team
– Attain membership of Purdia’s Professional group.
The Trailing Maximum Drawdown (TMD) represents a bottom limit for your account balance, which adjusts in tandem with your profits in both evaluation and funded accounts. It serves two purposes: to cap the maximum allowable risk in an account and to encourage traders to secure their profits, preventing excessive losses to the markets.
For instance, in the $100k Fast Track account, the maximum drawdown is set at $3,000, establishing an initial minimum account balance of $97,000. If, on the first day, you accrue $1,000 in gains, your account balance increases to $101,000, and correspondingly, the minimum account balance rises to $98,000. This $98,000 minimum balance remains unchanged until your cumulative profits in the account surpass $1,000. Notably, the TMD only ascends as your overall profits grow, without moving down in response to losses.
It’s crucial for traders to recognise that open equity losses are factored into the calculation when determining if the account has breached this rule. Therefore, if an open position causes your account balance to fall below the minimum account balance, the rule will be considered violated.
In the Beginner and End of Day (EOD) Evaluations, the Trailing Maximum Drawdown (TMD) is calculated at the conclusion of each trading day. This indicates that the TMD is refreshed daily, contingent on your cumulative realised profits within the account. In these particular accounts, the minimum account balance undergoes adjustments solely at the close of the trading day.
Conversely, in the Standard and Fast Track Evaluations, the TMD is calculated intraday. This means that the TMD tracks your open equity, encompassing unrealised gains from active trades. This type of TMD consistently follows the highest point of your unrealised gains within the account.
In all evaluation accounts, the Trailing Maximum Drawdown (TMD) persists in following your highest level of gains, even after surpassing the breakeven point. If the initial maximum drawdown is set at $3,000, it will consistently remain $3,000 below the peak account balance. However, in all funded accounts, the TMD ceases to trail once the account achieves a balance exceeding breakeven by $100.
The Trailing Maximum Drawdown serves a dual purpose, safeguarding both the trader and Purdia Capital. Firstly, it functions as a restraint on potential trader losses and mitigates the risk of relinquishing profits to the market. Its primary objective is to encourage traders to cultivate proficient risk management skills while progressively expanding their account.
Furthermore, the TMD operates as a protective measure for Purdia Capital, imposing a predefined maximum risk threshold that adjusts in response to trader performance.
Purdia Capital‘s overarching aim is to nurture traders who can attain enduring success. Integral to achieving this objective is the mastery of risk management principles, which encompass appropriate trade sizing, judicious placement and adherence to stop-loss orders, and the avoidance of excessive trading.
It’s noteworthy that the prop firm does not intend for traders to reach the TMD during trading activities. Instead, they aim for traders to remain mindful of it and to prudently calibrate their trade sizes to accommodate their positions. Preserving small losses and securing profits are pivotal facets of sound risk management.
Traders with Purdia Capital can trade with some the best trading platforms in the industry including Tradovate, TradingView, and NinjaTrader.
In all funded accounts at Purdia Capital, the initial profit-sharing ratio stands at 70/30, with 70% of the profits allocated to the trader.
Purdia Capital acknowledges that this ratio may appear lower compared to what some other futures trading prop firms currently provide. However, their distinctiveness lies in their commitment to a unique business model that isn’t contingent on traders experiencing failure. Purdia Capital’s overarching strategy is centred on cultivating long-term partnerships with all their funded traders while consistently delivering ongoing value to support their traders’ success.
Traders are required to engage in a minimum of 10 days of trading within a Funded Account before they become eligible to request their initial payout. Following this, traders have the liberty to request one payout per week. Payouts must adhere to specific limits, with a minimum payout threshold of $100 and a maximum limit of $25,000.
Notably, there are no predefined profit or trading criteria that must be met in order to request a payout. Traders have the flexibility to withdraw any percentage of their accrued profits at their discretion. The prop firm facilitates payout processing exclusively on Fridays, utilizing the services of deel.com for all payout transactions.
Deel is recognised as one of the premier international payroll platforms, offering support for various payment methods, including ACH, SEPA, BACS, PAD, Brex, credit card and debit card payments. Furthermore, traders have the option to initiate payments through manual bank transfers, services like Wise or Mercury, or even via cryptocurrency transfers facilitated through Coinbase.
- A chance for new traders with limited capital to secure a funded trading account
- Beginner Evaluations benefit from free resets
- Payouts are facilitated through Deel, offering a diverse selection of over 15 payout methods, particularly advantageous for non-U.S. residents
- Once funded, there are no recurring monthly fees; only a one-time payment of $130 is required.
- Funded traders are placed in genuine live accounts, funded with real money.
- All trades in Live Funded Accounts go through a regulated broker (Tradovate) to a live exchange, where they are filled with genuine third-party liquidity from the market.
- A relatively recent entrant in the prop trading industry
- Operates with a profit-sharing ratio of 70/30
- Specialises exclusively in futures trading.
Purdia Capital emerged to address a significant void in the online prop trading sector: a genuine commitment to serving the best interests of its clients. Regardless of your level of experience, whether you’re a newcomer or a seasoned trader, we encourage you to consider giving Purdia Capital a chance and discover the difference first-hand.
Purdia Capital sets itself apart by adopting an innovative approach. Instead of penalising traders with reset fees for their mistakes, they view such incidents as opportunities for growth. Their proactive engagement with traders includes seeking feedback and opinions on account management and risk parameters. Purdia creates a true team environment with its traders, working together to grow together.
What truly distinguishes Purdia Capital is their novel revenue model, aiming to generate more income from successful traders than from those who may face challenges – a ground-breaking concept within the online funding industry.
Purdia Capital has fostered a nurturing environment for traders, regardless of their experience level. They are committed to providing novice traders with the time, space, and resources required for proper learning, while simultaneously empowering consistently profitable traders to elevate their trading skills. Ultimately, Purdia Capital aspires to set the benchmark as the premier online futures prop trading firm in the industry.