purdia.com FAQ

What is Purdia.com?

Purdia.com is a proprietary trading firm that offers capital to individuals to trade futures contracts.

Read more about purdia.com:
Purdia.com Review & First Look: Navigating the Prop Firm Landscape
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It provides various evaluation programs that aspiring traders must pass by meeting specific profit targets and risk management rules before being granted access to a “genuine live account” with firm capital.

How does Purdia.com work?

Purdia.com typically works in a multi-step process:

1. Evaluation Phase: Traders pay an upfront fee to attempt an evaluation in a simulated environment, aiming to hit a profit target while adhering to strict drawdown limits.
2. Sim Funded Account: If they pass, they might move to another simulated account where profits earned are capped and then moved to a live account.
3. Live Funded Account: Upon meeting further criteria, traders get access to a live brokerage account with real money to trade futures, sharing a percentage of their profits with Purdia.com.

Is Purdia.com legit?

Purdia.com appears to be a legitimate operational business, listing a physical address in Delaware and operating as an LLC. It provides comprehensive terms and conditions.

However, a significant concern for legitimacy is the lack of prominent information regarding its regulatory oversight by a financial authority, which is typical for entities dealing with financial capital and trading.

Is Purdia.com a scam?

Purdia.com does not exhibit the typical characteristics of an outright scam (e.g., disappearing acts, guaranteed unrealistic returns). It operates a clear, albeit high-risk, business model common in the prop trading industry.

However, due to the high failure rate for traders and the non-refundable nature of evaluation fees, some individuals who lose money might perceive it as a scam, even if the firm adheres to its published terms.

What are the main ethical concerns with Purdia.com from an Islamic perspective?

The main ethical concerns from an Islamic perspective are related to: Main Content Body

1. Gharar (Excessive Uncertainty): Futures trading for speculation involves high uncertainty, and the non-refundable evaluation fees for an uncertain outcome compound this.
2. Maysir (Gambling): Paying a fee for the chance to earn profit from market fluctuations, without engaging in real economic activity or tangible asset exchange, resembles gambling.
3. Riba (Interest/Usury): While not direct interest, the firm’s guaranteed income from evaluation/reset fees regardless of trader success, and the potential for profiting from capital without proportionate risk-sharing, can be seen as problematic.

What kind of evaluations does Purdia.com offer?

Purdia.com offers several types of evaluations:

• Pro Evaluation: High profit split (90/10), intraday trailing drawdown.
• EOD Evaluations: End of Day drawdown, various account sizes.
• Beginner Evaluations: Two-step process, free resets in Step 1, designed for new traders.
• Instant Funding: One-time fee for direct access to funding (bypassing evaluation), for experienced traders.

What are the costs of Purdia.com evaluations?

Costs vary by program:

• Pro Evaluation: $199/month for $100k account.
• EOD Evaluations: $299/month for $100k, $179/month for $50k.
• Beginner Evaluations: $79/month for $10k, $119/month for $25k.
• Instant Funding: One-time fees from $349 (for $25k) up to $999 (for $100k), with discount codes sometimes available.

What is a “drawdown” in Purdia.com evaluations?

A drawdown refers to the maximum amount an account can lose from its peak balance before the evaluation or funded account is failed or violated.

Purdia.com uses both “intraday trailing drawdown” (real-time peak) and “End of Day (EOD) drawdown” (based on end-of-day balance).

How quickly can I get a payout from Purdia.com?

Purdia.com claims “Fast, Easy Payouts.” For your first payout, you typically need to trade for 10 days and reach a specific profit target.

After the first payout, there are “no trading day or profit requirements for future payouts.”

Does Purdia.com use genuine live accounts?

Purdia.com states that their funded traders are placed in “genuine live brokerage accounts funded with real money,” distinguishing themselves from firms that keep traders in simulated accounts indefinitely.

Can I trade news events with Purdia.com?

Yes, Purdia.com explicitly states that its traders are free to trade the news, respecting margin requirements.

This is a notable feature, as some prop firms restrict trading during high-volatility news events.

What is the profit split with Purdia.com?

The profit split varies by evaluation program, ranging from 70/30 (trader gets 70%, firm gets 30%) for EOD and Beginner evaluations to 90/10 (trader gets 90%, firm gets 10%) for Pro Evaluation and Instant Funding models. Purdia.com Review & First Look: Navigating the Prop Firm Landscape

How do I cancel my Purdia.com subscription?

Details on cancellation are typically found in your user account dashboard under “Subscriptions” or “Billing,” or by contacting Purdia.com’s customer support.

Reviewing their Terms and Conditions is recommended for the exact cancellation policy.

Are there free trials available for Purdia.com?

The Purdia.com homepage does not mention explicit “free trials.” However, their Beginner Evaluations offer “Free Resets In Step 1 (once per day),” which allows multiple attempts without incurring a reset fee during that initial phase.

What happens if I fail a Purdia.com evaluation?

If you fail a Purdia.com evaluation by exceeding the maximum drawdown or daily loss limit, your evaluation attempt is terminated.

You would then need to pay a “reset fee” ($99 for most programs, or free for Beginner Step 1) to start a new evaluation attempt.

What are common “purdia capital complaints”?

While the website displays positive testimonials, common complaints associated with prop firms generally include the difficulty of passing evaluations, the impact of strict drawdown rules, and the financial burden of repeated reset fees.

Users searching “purdia capital complaints” likely seek independent experiences regarding these or other issues.

What alternatives exist to prop trading for ethical wealth generation?

Ethical alternatives for wealth generation that align with Islamic principles include:

• Investing in Shariah-compliant equities (stocks of ethical companies).
• Real estate investment (direct or through Halal REITs).
• Starting an online business or engaging in productive entrepreneurship.
• Investing in physical gold and silver.
• Developing high-value skills for freelancing or employment.

Why is speculative futures trading problematic in Islam?

Speculative futures trading is problematic in Islam because it involves:

• Gharar: Excessive uncertainty about the future price and outcome of the trade.
• Maysir: Gambling, as it is a zero-sum game of chance for profit without tangible value creation.
• Lack of Tangible Asset: It often lacks a connection to a tangible asset or productive economic activity, focusing purely on price movements.

Does Purdia.com offer educational resources?

The website mentions “comprehensive training and support” and includes links to a “knowledgebase” with articles like “How an online funding firm should be,” “Futures trading,” “Funding process,” and “News trading,” suggesting some level of educational material. Upnorway.com Review

What kind of support does Purdia.com offer?

Purdia.com claims to offer “responsive support,” and customer testimonials on their site praise their support team.

They also have a link to “Join Discord,” suggesting community-based support and direct interaction channels.