Purdia Capital Account Types

Purdia Capital offers two main types of accounts for traders: the Sim Funded Account (SFA) and the Live Funded Account (LFA).

• Sim Funded Account (SFA):
• Purpose: This account allows traders to practice with live data while placing simulated orders.
• Drawdown: It utilizes an end-of-day trailing maximum drawdown with no default daily loss limit.
• Requirements: Traders must meet specific benchmarks before transitioning to the Live Funded Account. Common requirements include:
• Minimum profit threshold
• Minimum trading days: 10
• Minimum profitable days: 5
• Payouts: No payouts are allowed while in the SFA.
• Live Funded Account (LFA):
• Purpose: This is a genuine brokerage account funded with real capital, allowing traders to access live markets.
• Initial Balance: Starts with a balance of $3,000 in a typical $100,000 instant funding account.
• Drawdown: The maximum drawdown is static at breakeven + $100.
• Payouts: Traders can begin taking payouts from day one, including daily withdrawals.
• Risk Management: Daily loss limits are set in cooperation with a risk manager, capped at one-third (33%) of the available balance.

Purdia Capital Broker Account Opening Process

Opening a brokerage account with Purdia Capital involves a straightforward process:

• Select Account Type: Choose between a Sim Funded Account or a Live Funded Account based on your trading experience and goals.

• Complete Payment: For the Sim Funded Account, traders pay a one-time fee to gain immediate access.

• Identification Verification: For the Live Funded Account, complete identification paperwork as part of the Know Your Customer (KYC) requirements.

• Onboarding Call: Schedule and complete an onboarding call with your assigned risk manager.

• Start Trading: Once approved and funded, traders can begin trading in their respective accounts, adhering to the specified requirements and risk parameters.

For more details, visit Purdia Capital.