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.
Purdia Capital is a proprietary futures trading firm set up in 2022, offering funding, support, trader education, and resources to futures traders. Purdia Capital stands out by prioritizing individual trader growth and success.
Unlike traditional online funding firms, Purdia Capital is committed to fostering a close partnership with each trader, offering personalized 1:1 risk management and coaching sessions.
The firm caters to both newcomers in the futures trading world and more experienced traders, guiding them through the complexities of the markets with confidence and skill.
Purdia Capital mission is to radically alter the status quo of the online funding industry and to close the gap between online funding firms and true proprietary trading firms.
Purdia Capital plan to accomplish this mission through three main strategies:
Purdia Capital’s Beginner Evaluations are the perfect way to start your journey.
Take the first step today! Sign up for a Beginner Evaluation and start your journey to trading success.
Purdia Capital’s new Pro Evaluation is your ticket to bigger rewards and a more exciting trading journey.
If you’re a skilled trader who can handle the pressure, the Pro Evaluation is a great way to boost your earnings. It’s a chance to prove your worth and unlock a more lucrative trading future.
Purdia Capital’s Instant Funded Accounts are designed for experienced traders who want to skip the long evaluation process and start trading with real money right away.
Purdia Capital’s Instant Funded Accounts are designed for experienced traders who want to skip the long evaluation process and start trading with real money right away.
The max drawdown in Purdia Capital Evaluation is calculated on the account’s balance when the markets close each day. If the balance sets a new cumulative high, the minimum balance threshold updates accordingly.
The imposition of a daily loss limit ensures that no account losses will occur as a result.
Based on your performance the prop firm will offer you to reset the account or similar indiviudal alternatives. They believe successful traders shouldn’t need to go through an evaluation phase again.
The funded account has a one-time, $130 activation fee, to be paid during the onboarding phase after passing the evaluation. There are no monthly or recurring fees with funded accounts.
Traders in a Live Funded Account have risk parameters set specifically to suit their trading style, account size, and risk management strategy. These parameters are set in cooperation between the trader and their assigned risk manager.
Traders are permitted to trade a maximum of two (2) evaluations at a time, and up to one (1) funded account at a time. Any additional evaluations passed while the trader already has a funded account will be placed on hold in case the funded account is closed or lost.
Because traders are permit to scale within their funded account, there is no need to pass multiple evaluations.
The Trailing Maximum Drawdown (TMD) is a minimum account balance that trails with your profits during the evaluation phase. If your balance passes below the TMD threshold, your evaluation will be failed.
Besides the maximum time limit in the Fast Track Evaluation, hitting the Max Drawdown is the only way to fail an evaluation with Purdia Capital.
The TMD is an important piece of Purdia Capital evaluation process, because it discourages over-sizing, over-leveraging, and risky trading behavior. It rewards traders who lock in profits and actively manage their trades.
Purdia Capital wants funded traders that practice sound risk management, and the TMD is one way to distinguish sustainable trading behavior.
The TMD trails with your profits in evaluation accounts, always staying a set amount from your account’s highest balance.
For example, in the 100k Standard Evaluation, the TMD is $3,000, meaning that it will always be $3,000 from your account’s highest balance. The TMD never decreases, and only increases when you set a new high for the account.
As you can see in the diagram below, after setting a new high and then a losing day, the TMD remains static until a new high is set.
Traders should be aware that open equity losses are taken into consideration when calculating whether or not the account failed on this rule. This means that if an open position dips your account balance below the minimum account balance, your evaluation will be considered failed.
There are two types of trailing drawdown: Intraday and End of Day:
In Purdia Capital Beginner and EOD Evaluations, the TMD trails End of Day (EOD). This means that the TMD is updated at the end of each trading day, and only when your account balance is at a new high at the end of a day.
In Purdia Capital Standard and Fast Track Evaluations, the TMD is calculated intraday. This means that the TMD trails your open equity, including unrealized gains in active trades.
This type of TMD will always trail your the highest point of your unrealized gains in the account.
In all evaluation accounts, the TMD continues to trail your highest level of gains, even past the point of breakeven. If your initial maximum drawdown starts at $3,000, then it will always trail, staying $3,000 below the highest balance of the account
In the Simulated Live Account, the TMD behaves exactly the same as in the evaluation.
In the Live Funded Account, the TMD is static at breakeven + $100 and does not trail.
The Trailing Maximum Drawdown is in place to protect both the trader and Purdia Capital. The TMD acts as a limit on how much a trader can lose and/or how much profits a trader can give back to the markets. The intention is that Purdia Capital traders learn to manage risk properly and grow their account over time.
Purdia Capital goal at Purdia Capital is to develop successful, sustainable traders. The biggest piece of this puzzle is risk management. Properly sizing trades, properly setting (and sticking to) stop losses, and not overtrading are all crucial parts to good risk management.
Purdia Capital scaling plan is designed to give Purdia Capital funded traders as much freedom as possible to trade their specific strategy while also helping to ease them into the live trading environment.
Making the switch from simulated to live trading can be difficult, traders often struggle in the early stages of the live account. By keeping trades smaller and properly managing risk, traders can work through the transition difficulties and get comfortable with live trading before scaling up.
Each Live Funded Account also has risk parameters put in place in coordination between the trader and their assigned risk manager. The initial levels are discussed and agreed upon during the funded trader onboarding call, and from that point on traders can request changes to their current risk parameters by contacting their risk manager.
It is important to note that Purdia Capital risk parameters are protective measures put in place to help traders keep their accounts.
Live Funded Account risk parameters include:
For every additional $1,000 in balance maintained in a trader’s Live Funded Account, that trader is eligible to trade one additional full-size contract (ES, NQ, GC, etc) or 10 micro contracts (MES, MNQ, MGC, etc). It is important to note that this increased balance must be maintained in order to support trading larger position sizes.
Withdrawals and/or losses can bring a trader back below a threshold, resulting in a decrease in maximum position size back to previous levels. Requests for increases to max position size limits and other risk parameters can be made once per week by contacting assigned risk manager.
Any changes to risk parameters is at the sole discretion of Purdia Capital, and the firm reserve the right to limit increases in risk parameters when they deem it reasonable to protect Purdia Capital capital.
It is Purdia Capital intention to give to their funded traders a framework in which they can safely grow their account and scale up their trading as appropriate. In all cases, Purdia Capital funded traders work closely with their risk managers to determine the appropriate levels for all risk parameters.
The Daily Loss Limit (DLL) is a technical loss limit, which is to say that all it does is halt trading for the remainder of the day. When the DLL threshold is hit, the system automatically liquidates any open positions at the current market price and prevents any new trades from being taken that day.
Hitting the DLL in a Purdia Capital account does not count as a rule break, nor does it fail an evaluation. Traders are free to come back the next day and resume trading, provided that they have not hit their maximum drawdown. There is no limit to how many times a trader can hit the DLL, as long as they stay above the maximum drawdown.
It is important to note that by default, not all evaluations being with a Daily Loss Limit in place. You can see whether your account has a DLL, and what the threshold is, from your Purdia trader dashboard..
All traders in Live Funded Accounts have a DLL in place, the level of which is chosen cooperatively between the trader and their risk manager during the Live Funded Account onboarding call. If Purdia Capital see that one of their traders is struggling with the Daily Loss Limit, Purdia Capital will schedule a one-on-one call with an internal risk manager to discuss the trader’s performance. The purpose of these risk manager consultations is to assess whether the current risk parameters are appropriate for the trader, and whether the trader’s style fits with their current account size.
Every trader, no matter how successful, encounters a bad day from time to time. For traders that haven’t yet proven to be consistently profitable, those bad days may come more often than ones like. Purdia Capital, believe that one of the best ways to successfully grow as a trader and maintain success over time is to limit the impact of the bad days.
Whatever the trading style and strategy, the ultimate goal of any trader is to make money. For some, this may mean simply growing an account while taking an occasional payout. For others, it may mean weekly payouts to establish a stream of income. In any case, the payout process with Purdia Capital is easy, fast, and straightforward.
Purdia Capital understand that this is lower than most prop firms in the futures funding industry, however Purdia Capital is determined to chart a new course in the online funding industry. Part of that course is working more closely with Purdia Capital funded traders than any other firm, including active risk managers with frequent communication, protective stops and realistic risk parameters to protect your account and Purdia Capital capital, and in general more value than any other funding firm.
The majority of Purdia Capital tradable futures products close each day at 4:00pm CT and resume at 5:00pm CT. Purdia Capital require all traders to exit all positions prior to 3:45pm CT each day. Traders can resume trading as soon as the market reopens each day.
It is strongly advised that traders exit all positions and cancel all orders prior to this time in order to avoid any potential slippage or negative effects. Purdia Capital is not responsible for any losses resulting from trades closed automatically in this way.
Because Purdia Capital funded traders are placed in genuine funded accounts with real money, Purdia Capital are subject to the margin requirements of their broker. These margin requirements are non-negotiable and are mandatory in Purdia Capital Live Funded Account. These margin requirements also temporarily increase around key economic news releases. It is the responsibility of all traders, especially the funded ones, to be aware of schedule news events and how they affect volatility and margin.
Traders with Purdia Capital can trade with Tradovate, TradingView, and NinjaTrader.
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.
The firm’s innovative approach distinguishes it from its competitors. They refrain from punishing traders for their errors with reset fees, instead viewing mistakes as a valuable learning tool. Active engagement with their traders gives the firm an avenue through which to understand traders’ outlook and take on board any feedback.
Purdia have managed to foster a fully collaborative space in which traders help each other to succeed. Their unique revenue model, deriving more income from successful traders than struggling ones, is a pioneering concept in the online proprietary trading industry. However, their profit split is one of the lowest in the space.
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