Purdia Capital — Instant Funding Prop Firm
Please read this before proceeding:
Purdia says the instant funding accounts may be changing soon (or that there will be new instant funding versions offered). Right now, some payouts can take a couple weeks to be sent to you — but there have never been payout denials. Purdia says they will be working on making payouts quicker (especially smaller payout requests). However, if the changing of their policies and slow payouts are a concern, then use Tradeify (review) for instant funding instead. It’s much more difficult with far more rules, but it’s reliable. Purdia hasn’t denied a payout once since 2023, and actually receiving payouts has never been a concern. It’s just slow. Even if Purdia added several more rules, they would still have the best and easiest instant funding model for payouts.
As you should know by now, people like me (Iman) have 0 insight into anything that goes on within a firm. So, while Purdia has been going strong since 2023, use a safer firm if Purdia’s relatively smaller size and riskier funding model is a concern. Wait-times for live accounts average around 6 weeks at the moment, but, while it’s being set up, you can choose to trade on the temporary sim funded environment for up to $10,000 total in profit. You can either withdraw some of that profit or bring all of it to your live account. The choice is up to you. This page contains affiliate links, which means I may earn a commission at NO extra cost to you.
Purdia discount code
Click here and use code IMAN gets you 25% off.
Here’s the entire and simple instant-funding-account process
This simplifies the entire process, and more info will be covered later. You can choose to trade in a temporary sim funded account while your live account gets set up.
| 25k account | 50k account | 100k account | |
|---|---|---|---|
| Code IMAN price | $244 | $384 | $894 (no discount) |
| Max Drawdown | $750 | $1,500 | $3,000 |
| Drawdown type | EOD | EOD | EOD |
| Profit target for first payout | $1000 | $2,000 | $3,000 |
| Trading days for payout #1 | 10 | 10 | 10 |
| Minimum profitable days | 5 days of +$125 | 5 days of +$200 | 5 days of +$200 |
| Rules after first payout? | X | X | X |
| Max contracts | 2 minis, 20 micros | 5 minis, 50 micros | 10 minis, 100 micros |
| Profit Split | 90% | 90% | 90% |
| Consistency rule | X | X | X |
| Activation fee | X | X | X |
How does the instant-funding plan work?
Let’s say you’re trading the 50k account.
Reach the “profit target for first payout” (+$1,500 account balance), trade for at least 10 days, and have at least 5 profitable days of +$200. That’s it.
Purdia contacts you, and then you begin the onboarding process to be put on the live account.
The profit target you hit ($1,500) will become the starting balance.
While you wait for the live account to be set up, you can CHOOSE to trade in the temporary sim-funded environment. Here, you can earn up to a total of $10,000 in profit. So, with your starting balance at $1,500, this means you could earn an additional $8,500 (bringing your total to $10,000). You can withdraw some of the profit during this, or you can bring it all to your live account’s starting balance (which you could then withdraw as well).
Once your live account is ready, you can continue trading and/or withdraw as much money from the account as you’d like. There are 0 annoying rules or objectives for earning payouts.
Purdia also has a 100k and 150k instant funded account with a static drawdown (which means the max drawdown never moves up).
Which one should you get?
It used to be the 100k account, but unfortunately you can’t get 30% off of it anymore. Apparently, the account was too easy.
50k account (#1 pick)
While not being as easy to pass as the 100k account, the 50k account wins in the cost of funding category. That means it’s technically the best deal in terms of how much you’re paying in relation to the funding.
You can trade up to 3 accounts now as well. Immediately withdrawing all of your profits once on the live account will make you money, but it could get you banned — so, it’s better to withdraw some rather than all of your profits before continuing to trade. Purdia is looking for long-term partnerships with their traders.
Should you get an instant funding account?
Instant funding firms like Purdia are only for experienced traders. No matter how many times I say to only use prop firms once you’re ready, not everyone will listen. So, if you’re going to ignore me, then please at least use a less expensive firm if you’re newer. Purdia is a great opportunity and deal only for those who are ready.
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Verified funded roles and roles for those with payouts
What happens once you’re on the live funded account (LFA)?
After hitting the profit goal, Purdia helps you get set up on their live account. Below, you’ll find information on the most important topics. One major factor that sets Purdia apart is that they want you to succeed, because they’ll be making money with you. That’s why you’ll see some unique features like a risk manager, which is a person that partners with you mostly to ensure that you’re being smart. Also, there’s no trailing drawdown once your live. Their FAQ has changed a bit since I wrote this, but the information should mostly still be accurate here. You can now choose to trade in a temporary sim funded account while your live account gets set up.
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There’s a scaling plan once live, but you still get to use more contracts than other firms like Topstep. So, it’s not that bad.
“Because we fund our Live Funded Accounts with real money, we are limited by the very real margin requirements of our broker. As a result, the max position size will start out smaller in the Live Funded Account, around 50% of the max position size of the evaluation. Generally, a 100k LFA will start out with a max position size of 5 contracts (50 micros), and a 50k LFA will start out with a max position size of 3 contracts (30 micros). As traders grow their account, they can scale up their trading.” - https://purdia.com/knowledgebase/scaling-plan
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There’s no max daily loss during the first phase of hitting the profit target. You get put on the LFA after that, and then there’s a max daily loss.
Every LFA with Purdia has a maximum daily loss limit of 25%, which means that you are protectively locked out of your account for the day if you lose 25% of the entire account. You do not “fail” anything. Remember, it’s actually a live account.
You can customize your max daily loss; it just can’t be over 25%.
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The following has been copied from Purdia’s site here: https://purdia.com/knowledgebase/funding-process-part-two
“All Purdia traders in funded accounts are assigned a risk manager. The job of the risk manager is to monitor and review the trader's performance, offer feedback on performance and plan, and assist the trader in making strategic decisions for the account, including adjusting risk parameters.
All traders in Live Funded Accounts are required to communicate regularly with their assigned risk manager. Most commonly, this communication takes the form of weekly one-on-one calls between the trader and risk manager. Risk managers are available to traders during the week as well, and traders are expected and required to be responsive when contacted by their risk manager.
Traders who are unresponsive when contacted by their risk manager, or avoid communicating with their risk manager will have their accounts suspended until communications have resumed.”
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For traders in the LFA, margin requirements are increased during high-impact news events like FOMC (controlled by the broker, Tradovate).
Trading during the news is allowed.
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All payout requests are processed within 24 hours, and you can withdraw money every day if you’d like. This happens once you’re on the live funded account.
As for the withdrawal methods, Purdia does direct bank transfers and Paypal. Bank transfers have no fees.
Any updates on that information will be here: https://purdia.com/knowledgebase/instant-funded-accounts
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Tradovate
TradingView
NinjaTrader
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As usual, the funding firm (Purdia) has no control over this - it’s based on US federal governmental regulations and policies.
Go here for the list of prohibited countries - https://purdia.com/knowledgebase/prohibited-countries
What about Purdia’s evaluation accounts?
Personally, I think Purdia’s greatest value is in the instant-funding accounts. However, they also bring a unique model to several different types of evaluations. Their website is a little confusing when it comes to the unique rules for each plan, so I’ve simplified this as much as possible. There are three different types: Pro, EOD (end-of-day), and Beginner. All three plans have a stinky $130 activation fee, but at least it’s less than some other firms. Before we start, there’s some language that you need to understand. Click the button below, or skip ahead if you already understand the difference between end of day vs intraday drawdown systems.
The most important thing to keep in mind to understand the evaluation model:
To avoid confusion and to understand how the evaluations work, remember this: when you pass the evaluation, you are put on a “funded” sim account like other firms. However, you do not get payouts on this account. You then need to hit a profit target, and then you go to the live account where you can withdraw whatever you’d like. Think of it like a 2-phase evaluation where you get full access to your “funded sim” profits at the end. “Full access” to your profits can’t be overstated - most firms don’t allow this. Plus, once you’re live, remember that there’s no rules. Let’s recap how this process works:
Pass the evaluation (5 minimum trading days)
Get put on a funded sim account (like other firms)
Hit a profit target on the funded sim account (with 10 minimum trading days and at least 5 +$200 days)
The profit target you hit becomes the starting balance on a live account
Withdraw as much of that starting balance as you’d like
Continue trading and enjoy daily payouts without any annoying rules
Now that you understand the general model, let’s get into the unique differences among each of the 3 evaluation plans. Max daily losses do not fail the account; you are just locked out of trading for the rest of the day. Purdia only allows 1 account, because you’re actually getting funded.
Pro evaluations - rules and policies
| 100k Pro Evaluation | |
|---|---|
| Profit target | $6,000 |
| Max drawdown | $3,000 |
| Max position size | 10 Minis / 100 Micros |
| Profit split | 90/10 |
| Price with code Iman | $69.30 |
General overview
The only bad part about the pro evaluation that it uses an intraday drawdown like Apex. As for the account parameters, it has the same drawdown, profit target, and max position size as Topstep. It’s $99, but you can get it for just $69.30 with the 30%-off code Iman. So, that’s $30 less than Topstep while also having a cheaper activation fee. That’s great.
What happens after you pass the pro evaluation?
Once you pass, you are put on a “funded sim account” where you must hit a profit target to then be put on the live funded account. The profit target on the funded sim account is $3,000 (so this part is a 1:1 drawdown to profit target ratio), and you must have 10 minimum trading days with 5 minimum profitable days (making at least $200 on those days). Then, that $3,000 you made is transferred to a live account. Withdraw as much as you’d like, but leave enough in there to keep trading! This is probably their best overall evaluation account, and 100k is the only size that’s offered.
EOD evaluations - rules and policies
| 50k EOD Evaluation | 100k EOD evaluation | |
|---|---|---|
| Profit target | $3,000 | $6,000 |
| Max drawdown | $2,000 | $3,000 |
| Max daily loss | $1,000 | $2,000 |
| Max position size | 5 Minis / 50 Micros | 10 Minis / 100 Micros |
| Profit split | 90/10 | 90/10 |
| Price with code Iman | $125 | $209 |
General overview
Once again, 5 minimum trading days are required to pass the evaluation. The difference between this and the pro account is that it uses a far greater end-of-day drawdown. This type of drawdown is easier to pass, so the price reflects that.
What happens after you pass the EOD evaluation?
Once you pass, you are put on a funded sim account. The target for the 50k account is $2,000, and the target for the 100k account is $3,000 (again, very good 1:1 drawdown:profit targets). This stage requires 10 minimum trading days and at least 5 +$200 days. Once you hit that, the balance is transferred to a live account. Then, you can withdraw as much as you’d like and/or continue trading.
Beginner evaluations - rules and policies
Pay very close attention! There are two steps / evaluations to pass before getting put on the funded sim account. In step 1, resetting your account is free and can be done once per day. When you pass the first evaluation, you then have to pass the second evaluation. It is a nice idea to have an environment with free/unlimited resets, but, if you’re a beginner, you shouldn’t even be using prop firms. That’s just my opinion though. You have free will. Take a look:
| 10k beginner evaluation | 25k beginner evaluation | |
|---|---|---|
| Profit target | $1,000 | $2,000 |
| Max drawdown | $1,000 | $2,000 |
| Max daily loss | $250 | $500 |
| Max position size | 5 MICROS | 10 MICROS |
| Min trading days | 5 | 5 |
| Price with code Iman | $55.30 | $83.30 |
Pass the evaluation
Pass the evaluation again
Get put on the funded sim account
Hit the profit objective in funded sim
Get transferred to a live account
Withdraw as much as you’d like / continue trading
According to Purdia’s page here, the profit target on the funded sim account for the 10k account is just $750, and for the 25k account it’s just $1,000. So, this means you need to make $750 with a $1,000 drawdown (10k account), or make $1,000 with a $2,000 drawdown (25k account). These accounts are very low priced with extremely fair funding parameters. But, pay attention to those max position sizes. Plus, you do need to pass the evaluation twice.
How Purdia is different from other instant funding firms (I wrote this a couple years ago)
Purdia funds you with a live account, which means it’s in their best interest for you to make money. Is the difference in live vs simulation funding enough to make Purdia long-term successful? I have no idea. I just trade through firms and make YouTube videos. I have 0 insight into the health of the company, their business plan or income, or any type of financial documents. You and I have no idea how they’re doing or if they’ll last. If this is alarming to you at all, open your own account or trade with a safer/established firm. While I believe that Purdia’s model is the future, I guarantee that there will be tweaks and adjustments to various policies to make it all work. Perhaps another firm will come along that takes Purdia’s best parts, adjusts a few rules, and becomes a better choice. We don’t know. We’re in the biggest transitional phase that the online prop firm industry has ever seen, and partnering/trading with Purdia means going with the “safest” risky choice.
Don’t trade with any firms except for large/established names if safety is your biggest priority.
With that being said, here’s a major point about why I’m not worried about Purdia; the money you make as a trader is done on a live account and is real. You’re not exclusively depending on the evaluation purchases of other traders to fund your payout. If you make $500 on a live account, those orders were submitted to the actual exchange, and so that $500 is real. Previously failed “instant-funding” firms weren’t doing that. Either way, 2025 is going to be an extremely interesting year for Purdia and all other firms.
I would not be surprised if Purdia ends up not allowing traders to immediately withdraw their entire account balance on day 1 of the live account. Honestly, I’m surprised that this is even allowed. From an analytical/objective standpoint, the majority of their costs as a business will be due to allowing this, and so that policy might change in order to remain solvent. Perhaps it will change to allowing something like a maximum 50% withdrawal on day 1. It would still be more lenient than any other firm has ever been, but it would also protect the firm as well as ensuring that traders are actually trading (rather than farming evaluation-to-live payouts). But, I’m just speculating.
Don’t use prop firms until you’re ready, and don’t use riskier firms if you can’t accept the risks.