At Purdia Capital, we offer an exciting opportunity to trade real capital on live futures markets. With genuine funding, the potential is limitless—you can grow your account, receive daily payouts, and experience the thrill of trading in real-time. Transitioning from a simulated trading account to a live account is an exciting step in any trader's journey. We facilitate this process through our trusted broker partner, Tradovate. Approval for a live account is determined by the broker and is subject to regulatory compliance and due diligence requirements. We make the transition from simulated trading to live accounts as seamless as possible, guiding you through every step of the process.
The Live Funded Account onboarding process typically takes about 5 business days to complete, though this timeframe can vary based on factors such as compliance reviews and broker processing times. We ask for your patience during this period as both Purdia Capital and our broker work diligently to ensure all regulatory and account setup requirements are met accurately and efficiently. Your understanding helps us maintain the highest standards of service and compliance.
The Approval Process
Approval for a Live Funded Account involves working with our trusted broker partner, Tradovate. As a regulated Futures Commission Merchant (FCM), Tradovate follows strict compliance procedures and KYC (Know Your Customer) guidelines in accordance with U.S. federal regulations. This ensures the integrity of the live trading environment and the utmost security and professionalism in our firm.
Tradovate requires all traders applying for a live account to complete Power of Attorney (POA) form. This form covers the relationship between the broker (Tradovate), the account owner (Purdia Capital), and the account manager (the trader).
Compliance and KYC Requirements
As part of the approval process, Tradovate requires traders to complete compliance and KYC verifications. These steps are standard in the financial industry and are designed to ensure compliance with federal regulations. The broker’s decision to approve or reject an application for a live account rests entirely within their discretion.
To meet compliance and KYC requirements, Tradovate may request the following information:
Proof of Identity: A government-issued photo ID, such as a passport or driver’s license. For traders who are US citizens, a social security number is also required.
Proof of Residence: A recent utility bill, lease agreement, or bank statement showing your name and address, dated less than 90 days prior.
Other Verification Documents: Depending on the situation, additional documentation may be required to verify your identity and ensure compliance with federal regulations.
These requirements are standard in the financial industry and help maintain a secure and trustworthy trading environment.
Purdia Capital's Role
While Purdia Capital facilitates the transition to a live account, we do not influence or control the broker’s approval process. The broker's decision is final, and any inquiries about the approval process should be directed to Tradovate's new accounts team. We are committed to keeping you updated throughout the process. Whenever we receive new information or updates from Tradovate, we will promptly share these details with you to ensure transparency and clarity.
Tips for a Smooth Transition
Accurate Information: Ensure all details you provide to the broker are accurate and up to date.
Preparation: Familiarize yourself with basic compliance requirements such as submitting identification documents and proof of residence when requested.
Patience: Approval times may vary based on the thoroughness of the broker's compliance checks.
By maintaining transparency and adhering to the broker’s requirements, you can help facilitate a seamless transition to a live trading account. Purdia Capital is here to support you at every step of your trading journey.
