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.
When can I request a payout?
Traders must reach the Live Funded Account (LFA) before taking any payouts. No payouts are possible while in the Sim Funded Account. Whether you chose an Evaluation or an Instant Funded Account, the requirements in the Sim Funded stage are the same: reach a profit target, trade for at least 10 days, and be profitable for at least 5 days ($200 minimum to count as profitable). After that, you will be transferred to the LFA with the profits earned in the SFA (capped at the amount of the profit target). Once you're in the LFA, you can take payouts every day, including day 1.
Profit Target To Qualify for Live Funded Account:
$100k Account - $3,000
$50k Account - $2000
$25k Account - $1,000
$10k Account - $750
Is there a limit to how much I can withdraw?
There is no cap on withdrawals, ever. Traders can withdraw any percentage of their profits at any time, however this will affect your available drawdown. Because your profits in the Live Funded Account are also your available drawdown, requesting a payout can affect your available drawdown (see below). As a general rule of thumb, for healthy growth and scaling, we recommend not withdrawing more than 50% of the profits earned on a rolling basis. That way you can continue to pay yourself and grow your account at the same time.
How do payouts affect my Max Drawdown?
In the Live Funded Account, your profits are your drawdown (click here for more details). The Max Drawdown in a Live Funded Account is always set at breakeven +$100. This means that if you lose or withdraw all of your profits (or enough to bring the balance below that minimum threshold), your account will be closed.
When a payout is requested, the max drawdown threshold is temporarily increased by the amount of the requested payout, so that the available balance of the account reflects the payout. For example, if your LFA balance was $3,500 and you requested a payout of $500, your minimum balance threshold would temporarily increase from $100 to $600 until the payout is processed. Once the funds are removed from the account, the minimum balance threshold will be returned to the normal $100 level.
Traders should be aware at all times how their pending payouts affect their max drawdown and available balance in the Live Funded Account.
How are payments processed?
We currently offer two options for payouts: direct bank transfers and PayPal. For domestic US bank accounts, this takes the form of an ACH transfer, while for international bank accounts we use international wire transfers. There are no fees (other than the profit split) for either bank transfer options.
Please be aware that PayPal charges a fee for receiving commercial transactions.
When are payouts processed?
Payments will be processed within 24 hours of being received. Because we place our traders in genuine live accounts funded with real money, we have to request that our broker to transfer the funds out of the account. Once that is done, the money will be sent to the trader via their chosen method.
What is the Profit Split?
For the majority of our accounts, the profit split is 90/10. A few of our older evaluations still have a 70/30 split, which may eventually be increased to 90/10 after a successful track record of growth.
