Purdia Capital is a relatively new proprietary trading firm, established in 2022, whose appealing and innovative approach to providing qualified traders with funded futures trading accounts has already set them apart.
For traders new to the industry, Purdia Capital provides a supportive environment with free resets for beginner accounts. This flexible structure eases the pressure of reset fees, allowing newcomers to learn the ropes at their own speed.
Experienced traders will find plenty to appreciate as well. Purdia Capital’s suite of features caters to those with a deeper understanding of futures trading, offering weekly payouts, the absence of a consistency rule, dedicated risk managers, and authentic live funded accounts. The partnership with Tradovate, their broker, is another highlight, providing genuine third-party liquidity to support advanced trading strategies.
This in-depth review will guide you through everything you need to know about Purdia Capital and how it caters to a broad spectrum of traders, from beginners seeking a welcoming starting point to seasoned professionals aiming to expand their trading horizons.
Purdia Capital brings a thoughtful approach to supporting traders, emphasizing accountability and flexibility. They offer three unique features that contribute to this: free resets for starter accounts, a strict daily loss limit, and a dedicated risk manager. This manager not only reviews a trader’s performance but also collaborates with them to refine their trading strategies. Such personalized support can be invaluable in navigating the markets.
Traders who demonstrate skill on a live account benefit from weekly payouts, which come without the usual hurdles of minimum trading days or consistency requirements. This flexibility shows Purdia Capital’s dedication to empowering traders to thrive on their terms. Furthermore, these are real live accounts funded by the firm, indicating their tangible commitment to each trader’s success.
Purdia Capital creates a trading ecosystem that balances realism with opportunity, promoting growth without unnecessary barriers. Their policies and support structures reflect a genuine investment in the success of their traders, aiming to foster an environment where consistent progress is encouraged and rewarded.
Evaluations And Pricing
Purdia Capital employs a rigorous evaluation phase that requires traders to demonstrate consistent performance. Once traders meet the criteria, they advance to the funding phase, where they start trading on a simulated live account. After a brief evaluation period, they can transition to a live funded account. The evaluation process is designed with care, offering a tailored approach that suits traders with varying experience levels. The program provides three initial account sizes with single-step progression: $25,000, $50,000, and $100,000.
Pro Evaluation
End Of Day Drawdown
A daily loss limit ensures that no account suffers losses beyond a predetermined threshold.
Beginner Evaluations
Purdia Capital’s Beginner Evaluation is a standout choice for newcomers to prop trading. It provides affordable entry-level accounts with a unique advantage: free resets, a benefit that gives Purdia a competitive edge. Although these accounts have stricter risk guidelines compared to other firms, Purdia’s more forgiving environment allows novices to build confidence in futures trading.
The Beginner Evaluation has two phases, with free resets during the first one, which helps minimise setbacks as traders learn the ropes. Purdia encourages users to start with small quantities of micro futures contracts, fostering responsible risk management while allowing for steady account growth. Additionally, exceeding the daily loss limit doesn’t result in a permanent closure of the account; instead, it triggers a trading pause for the remainder of the day. This approach reduces pressure and allows traders to focus on learning without fear of severe repercussions.
The available beginner accounts are set at either $10,000 or $25,000, making them ideal for those with limited experience in futures trading. Given the flexibility of free resets and Purdia’s supportive structure, these accounts represent a compelling option. To our knowledge, no other firm offers this kind of reset policy, reinforcing Purdia’s commitment to creating a welcoming space for new traders.
Fast Track
The Fast Track program is designed for traders with a reasonable amount of experience. Given the 15-day completion requirement, it’s not recommended for beginners entering the industry.
The Rules
Purdia Capital’s trading guidelines are clear and straightforward, designed with transparency in mind. They ask traders to avoid exceeding the maximum drawdown limit and to engage in at least five trading days each week to meet their profit targets. The absence of consistency requirements and the allowance for trading during news events offer flexibility to traders.
These thoughtfully structured rules foster a conducive environment for traders, empowering them to pursue meaningful and sustainable account growth over time.
The Evaluation Rules
- Meet the profit target
- Stick to the specified risk boundaries
- Don’t breach the maximum allowable drawdown
The Evaluation Benefits
- Fast one-stage assessment
- No consistency requirement
- Trading during news events is allowed
- Traders are given the independence to set their own daily loss thresholds
- Wealth of educational and training resources
The Funded Rules
Purdia Capital give funded traders significant flexibility, with only two rules:
- Don’t breach the maximum drawdown threshold.
- Trade for a minimum of 10 days before requesting your first payout.
The Funded Benefits
Purdia Capital’s framework provides traders a comprehensive set of tools and resources that empower them to succeed:
Payouts
Once you have traded for 10 days, you become eligible for substantial weekly payouts—up to $25,000. Beyond this initial 10-day period, there are no additional requirements for the frequency of trading days, and the platform does not impose any consistency rules for receiving payouts.
Profit Split
The platform offers a competitive profit-sharing model, beginning at 70% and escalating to a generous 90% as traders build their accounts and prove their consistency and risk management skills.
Scale
Accumulating capital enables traders to trade more contracts. With Purdia Capital providing real capital for its traders, those trading live must adhere to Tradovate’s margin rules. As traders grow their accounts, they gain access to higher margins, enabling them to trade more contracts and potentially increase their profits.
Live Account
Traders kick off their journey with a simulated funded account, transitioning to a live trading account after successfully completing 10 days and hitting the required profit target. The profits generated during this simulation phase belong to the trader and are rolled over into their live funded account. However, this transition comes with a cap on the carryover amount, limiting it to the original profit target.
Trade the News
Trading during news events is allowed, but live funded traders should be aware that margin requirements can shift dramatically in the lead-up to critical economic announcements.
Pricing
Purdia Capital charges a one-time activation fee of $130, which is paid upon successfully completing their evaluation process. The best part? After that, traders won’t have to worry about any recurring monthly fees. This straightforward pricing structure provides clarity and avoids hidden costs for funded traders.
More benefits
- Split the funded account into two separate accounts to reduce risk
- Design your own risk parameters
- Discuss your performance and strategies with a dedicated risk manager
- Join Purdia’s Professional group
The Trailing Max Drawdown Explained
The Trailing Maximum Drawdown (TMD) is a key feature for both evaluation and funded trading accounts, setting a moving baseline for your account balance that adjusts with your gains. It plays a pivotal role in two ways: it limits the maximum risk you can take, and it encourages you to lock in profits, avoiding significant setbacks.
Here’s how it works with the $100,000 Fast Track account: The TMD sets a maximum drawdown of $3,000, which means your account’s initial minimum balance is $97,000. If you make a profit of $1,000 on the first day, your account balance increases to $101,000, and your new minimum balance is set at $98,000. This adjusted minimum stays in place until you make more profits, and it will never decrease if you face losses.
A critical point for traders is that the TMD takes into account any open equity losses. So, if your account balance dips below the minimum due to a losing trade, it counts as a violation of the rule. This ensures that even when you’re on a hot streak, there’s a built-in safety net to prevent catastrophic losses.
When is the TMD Calculated?
At the close of each trading day, the True Maximum Drawdown (TMD) is calculated for both the Beginner and End of Day (EOD) Evaluations. This means that the TMD for these evaluations reflects your total realised profits, ensuring that any changes to the minimum account balance happen only after trading has finished for the day. It’s a straightforward system designed to offer stability and predictability to traders.
Meanwhile, the TMD for Standard and Fast Track Evaluations operates differently. It calculates throughout the trading day, keeping an eye on your open equity, including unrealized gains from ongoing trades. This version of TMD is dynamic, always tracking the highest point of your unrealized gains within the account. This approach provides a more responsive and flexible mechanism, adapting to the real-time fluctuations in your trading activities.
When Does the TMD Stop Trailing?
Across all evaluation accounts, the TMD consistently lags behind the most substantial gains, even after crossing the breakeven point. Regardless of account performance, an initial maximum drawdown is locked at $3,000 below the peak account balance. Additionally, for all funded accounts, the TMD ceases tracking when the account balance exceeds the breakeven point by just $100.
Why Do They Do It This Way?
The TMD safeguards both Purdia Capital and their traders. Its primary goal is to encourage traders to build robust risk management skills while they grow their accounts, by curbing potential losses and reducing the likelihood of surrendering profits back to the market.
This device also shields the proprietary trading firm by setting a dynamic risk cap that changes according to a trader’s performance. This creates a balanced approach, allowing traders to learn and grow within defined risk parameters.
Purdia Capital is committed to supporting traders who demonstrate consistent profitability. Achieving this requires a solid foundation in risk management principles, such as determining appropriate trade size, strategic positioning, adhering to stop-loss orders, and avoiding overtrading. While the firm does not expect traders to hit the TMD during normal trading, they stress its importance in guiding trading behavior and encourage traders to adjust their strategies accordingly.
Purdia Capital collaborates with top-tier trading platforms like Tradovate, TradingView, and NinjaTrader, ensuring their clients have access to cutting-edge technology and seamless trading experiences.
Profit Split
All Purdia Capital funded accounts start with a 70% profit share, which might appear modest when compared to the higher splits offered by some competitors. However, Purdia Capital is on a mission to stand out from firms that count on their traders failing. Their approach centres on fostering a supportive, long-term relationship with their traders, rather than banking on churn and turnover. This commitment to trader success sets them apart in a crowded field and aligns their success with that of their clients.
Withdrawals
Traders need to trade for at least ten days, to access their first payout. After this initial period, payouts can be requested weekly, with a minimum of $100 and a maximum cap of $25,000. Notably, there are no specific profit thresholds or trading targets to meet before requesting a payout, providing traders with the flexibility to withdraw any portion of their profits. Payouts are processed every Friday, offering regularity and reliability. The proprietary trading firm supports a diverse range of payment options, including ACH, International Bank Transfer, PayPal, and Cryptocurrencies, catering to various preferences and making the process smooth and convenient.
Pros
- Opportunities for traders with limited capital and experience to secure funding
- Complimentary resets for Beginner Evaluations
- Payouts are processed via Deel, proving more than 15 payout methods (which benefits traders resident outside the US in particular)
- One-off activation fee of $130; no recurring monthly fees
- Funded traders receive genuine live accounts, funded with real capital
- All trades in Live Funded Accounts go through a regulated broker (Tradovate) to a live exchange, where they are executed with genuine third-party liquidity from the market.
Cons
- The firm is a fairly new addition to the prop trading industry, without a long history
- Comparably low 70% profit share
- Focused exclusively on futures trading
Conclusion
Purdia Capital entered the prop trading industry with a distinct mission: a dedication to prioritizing the interests of its traders. Whether you’re a rookie stepping into the world of trading or a seasoned pro with years of experience, this firm stands out as one to watch.
What sets Purdia Capital apart is its refreshing approach to trader development. Rather than penalizing traders for their missteps through reset fees, they see mistakes as opportunities for growth. This mindset shift creates a welcoming atmosphere where traders are encouraged to learn from their errors without fear of punishment. Purdia’s commitment to fostering open communication and engaging actively with traders is another key differentiator.
They listen, adapt, and evolve based on trader feedback, creating a collaborative culture where everyone can succeed together.
Their innovative revenue model is also ground breaking. Instead of relying on fees from struggling traders, Purdia Capital’s income largely comes from the success of their traders. This unique approach aligns the firm’s interests with those of their traders, creating a win-win scenario that is rarely seen in the online prop trading industry.
Purdia Capital’s supportive environment and novel approach to trader development make it a prime choice for traders at all levels. Their commitment to providing beginners with the resources and support they need to grow, while giving seasoned traders the tools to refine their skills, places them at the forefront of the online futures prop trading world.
Please refer to the following pages of our website to read about similar other Futures Prop Firms in the industry: Apex Trader Funding Review