Purdia Capital offers funding to futures day traders who don’t want to risk their own capital when trading highly-leverage futures products. Traders who qualify will be given a funded trading account utilizing our capital and leverage to trade the futures markets.
Traders who wish to obtain funding from Purdia Capital must first qualify for that funding through the evaluation process. After passing the evaluation, traders are placed into a Simulated Funded Account (SFA), where they must trade for ten (10) days and reach a profit target. Once completed, traders are moved into the Live Funded Account (LFA) with the profits earned in the SFA (capped at the amount of the profit target). Once in the Live Funded Account, traders will be trading real money on a live exchange through our regulated broker, Tradovate.
At all times, Purdia Capital is crystal clear on the rules, procedures, and expectations that we have of our traders in order to progress.
Evaluation Phase
Purdia Capital offers several evaluation options for traders, ranging in size and structure to suit different trading styles. A full list of our evaluations can be found here. Pay attention to the max position size limit, max drawdown details, and daily loss limit on each evaluation, so that you can choose the best option for your trading style.
During the evaluation phase, traders must reach the profit target while staying within specific rules and risk parameters. This account is a simulated account where traders can learn the futures markets, develop sustainable trading habits, and work on their trading strategy. Traders must reach the profit target while being mindful of our basic rules to pass the evaluation.
Evaluation Rules
- Reach the profit target. Your total net balance (trading commissions & fees included) must meet or exceed the profit target.
- Do not let your account balance hit the Max Drawdown. Some accounts have drawdowns that trail intraday (including unrealized gains), while others trail at the end of the day only. Click here for a detailed explanation of the Max Drawdown and the differences between the two types.
- Trade for a minimum of five (5) days. At least one trade must be conducted to count as a trading day, however there is no minimum profit requirement to count as a trading day.
- Close all positions prior to 3:45pm Central Time. Our traders are not permitted to hold trades through the close, so traders must be completely flat by 3:45pm Central Time each day. Traders can resume trading after the market reopens at 5:00pm Central Time.
All open positions will be liquidated at 3:45pm CT each day. Traders are strongly encouraged to exit all open positions prior to 3:45pm CT each day in order to avoid any potential slippage or other negative effects of auto-liquidation. Purdia Capital is not responsible for losses/slippage encountered in this way.
A complete list of all rules can be found here.
Traders with Purdia Capital can use Tradovate, NinjaTrader, or TradingView as their trading platform. All platform subscriptions and level 1 data fees are included with your evaluation.
All evaluation accounts are priced as monthly subscriptions and will continue until either passed or canceled. Evaluation accounts which are in failed status at the time of the monthly renewal will be automatically reset at no extra cost. You can manage your subscriptions through your Purdia Trader Dashboard.
Once a trader has passed their evaluation, they are moved into a Funded Account →
