KortanaFX Challenge
KortanaFX offers a structured challenge process for traders seeking to manage larger capital through funded accounts. This evaluation system assesses a trader’s ability to generate consistent profits while adhering to specific risk management rules.
Challenge Overview
The KortanaFX challenge consists of a single phase evaluation process. Traders must demonstrate their skills by achieving a predetermined profit target while staying within defined risk parameters.
Key Challenge Parameters
- Profit Target: 8% of starting account balance
- Maximum Daily Drawdown: 5% of starting balance
- Overall Maximum Drawdown: 10% of starting balance
Challenge Account Sizes and Fees
KortanaFX offers various account sizes for the challenge:
| Account Size (USD) | Challenge Fee (USD) |
| 10,000 | 147 |
| 25,000 | 267 |
| 50,000 | 397 |
| 100,000 | 597 |
| 200,000 | 999 |
Profit Target Details
To pass the challenge and qualify for a funded account, traders must:
- Achieve an 8% profit based on the starting account balance
- Close all trades before requesting evaluation
- Meet the profit target with closed profits only
Example:
For a $100,000 challenge account, the profit target is $8,000 in closed profits
Drawdown Rules
Daily Drawdown Rule
The maximum daily drawdown limit is set at 5% of the starting balance and remains fixed throughout the challenge.
Key points:
- Does not change with account growth
- Resets daily at 00:00 UTC
- Calculated based on equity, not balance
Example:
For a $100,000 challenge account:
- Daily drawdown limit: $5,000
- Equity must not fall below $95,000 at any point during the trading day
Overall Maximum Drawdown
The overall maximum drawdown is set at 10% of the starting balance.
Example:
For a $100,000 challenge account:
- Overall maximum drawdown: $10,000
- Account equity must not fall below $90,000 at any point during the challenge
Trading Rules and Restrictions
Allowed Trading Practices
- Holding positions overnight and over weekends
- Trading during news events
- Scalping and day trading
- Use of Expert Advisors (EAs) and algorithms
Prohibited Trading Strategies
- Arbitrage trading
- News exploitation strategies
- Latency abuse
- Any form of market manipulation
Time Limits and Trading Days
- No minimum trading days required
- No maximum time limit to complete the challenge
- Traders can pass the challenge in as little as one day or take several months
Refund Policy
Currently, KortanaFX does not offer refunds on challenge fees. This policy is in place due to the allowance of high-frequency trading (HFT) strategies in passing the challenge.
Evaluation Process
- Purchase the desired challenge account size
- Receive login credentials for the trading platform
- Trade within the specified parameters
- Achieve the 8% profit target
- Close all open positions
- Request evaluation for funded account status
Funded Account Transition
Upon successful completion of the challenge:
- Trading account is reset to the original balance
- Trader receives access to a funded account
- Profit-sharing structure is implemented
- Continued adherence to trading rules is required
Profit-Sharing Structure
Funded traders receive a percentage of profits based on their withdrawal history:
| Withdrawal | Profit Split |
| 1st | 50% |
| 2nd | 70% |
| 3rd | 80% |
| 4th | 90% |
After four successful withdrawals, traders may qualify for the KortanaFX Prime program, offering 100% profit split.
Challenge vs. Funded Account Rules
| Rule | Challenge Account | Funded Account |
| Profit Target | 8% | None |
| Daily Drawdown | 5% | 5% |
| Overall Drawdown | 10% | 10% |
| Time Limit | None | None |
| Minimum Trading Days | None | 5 per withdrawal |
Tips for Passing the Challenge
- Develop a solid risk management strategy
- Focus on consistent profitability rather than aggressive growth
- Monitor your daily and overall drawdown closely
- Utilize proper position sizing
- Avoid overtrading or revenge trading
- Keep emotions in check and stick to your trading plan
Common Reasons for Challenge Failure
- Exceeding the daily drawdown limit
- Breaching the overall maximum drawdown
- Using prohibited trading strategies
- Overtrading and poor risk management
- Emotional decision-making leading to large losses
Platform and Instrument Availability
- Trading Platforms:, MetaTrader 5, Dxtrade
- Available Instruments: Forex pairs, indices, commodities, cryptocurrencies
Data and Execution
- Real-time market data provided
- Execution on demo server during challenge phase
- Transition to live server execution upon funding
Account Monitoring and Compliance
- Automated systems track account performance and rule adherence
- Manual reviews conducted for funded account approvals
- Ongoing monitoring of funded accounts for rule compliance
User Reviews
- “The KortanaFX challenge offers a straightforward path to funding. The 8% profit target is achievable, and the fixed drawdown rules are easy to understand.” – Mark T.
- “I appreciate the flexibility in trading styles allowed during the challenge. Being able to use my automated strategy made the process much smoother.” – Sarah K.
- “The lack of time pressure in the KortanaFX challenge allowed me to trade more confidently. The transition to a funded account was seamless.” – Alex R.
Common Issues and Solutions
- Issue: Difficulty managing the 5% daily drawdown limit
Solution: Implement stricter risk management practices. Limit your risk per trade to 1% or less of the account balance, and avoid overtrading during volatile market conditions. - Issue: Struggling to achieve the 8% profit target
Solution: Focus on consistency rather than aggressive growth. Develop a trading plan with clear entry and exit rules, and stick to it. Consider using a demo account to refine your strategy before attempting the challenge. - Issue: Confusion about the drawdown calculation method
Solution: Remember that drawdown is calculated based on equity, not balance. Monitor your floating profits and losses closely, especially when holding positions overnight or during major market events.
Preguntas Frecuentes
Yes, you can use multiple strategies during the KortanaFX challenge. There are no restrictions on the number or types of strategies you employ, as long as they don’t violate the prohibited trading practices. Feel free to combine day trading, swing trading, or even automated strategies to achieve the profit target.
If you breach the daily drawdown limit, even momentarily, your challenge account will be automatically closed, and you will fail the evaluation. To avoid this, always use proper risk management techniques and consider setting personal stop-loss levels well before the official 5% daily drawdown limit.
KortanaFX allows trading during news events during the challenge phase. However, be aware that market volatility can increase significantly during these times, potentially leading to rapid drawdown. It’s advisable to adjust your position sizes or avoid trading altogether during major economic releases if you’re not experienced in news trading.
