KortanaFX

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KortanaFX offers a structured payout system for funded traders. Here outlines the withdrawal process, payout limits, and payment methods to ensure a smooth and transparent experience for our traders.

Kortana statistic

Payout Eligibility

To qualify for a payout, traders must meet the following criteria:

  1. Successfully pass the KortanaFX challenge
  2. Achieve profitable trades in their funded account
  3. Adhere to all trading rules and guidelines
  4. Complete the required minimum trading days (if applicable)

Payout Review Process

After submitting a payout request:

  1. KortanaFX compliance department reviews the account
  2. Review completed within 48 business hours
  3. Traders notified of approval, adjustment, or rejection
  4. Approved payouts processed within 72 business hours

Requesting a Payout

Once eligible for a payout, follow these steps:

  1. Log in to your KortanaFX dashboard
  2. Select the challenge account
  3. Click on the “Withdraw Funds” button
  4. Complete the payout request form

Note: For first-time withdrawals, traders must complete the Know Your Customer (KYC) process before the payout request button becomes active.

Maximum Payout Limit

KortanaFX implements a maximum payout limit to ensure business sustainability:

  1. Maximum payout: 7% of starting account balance
  2. Limit resets after each payout
  3. Profits exceeding the limit not counted towards payout

Example:
For a $200,000 account:

  • Maximum payout limit: $14,000
  • Profits beyond $14,000 not included in payout calculation

Profit-Sharing Structure

Payout percentages vary based on withdrawal history:

WithdrawalProfit Split
1st50%
2nd70%
3rd80%
4th90%

KortanaFX Prime members receive 100% profit split.

Payout Schedule

Withdrawal eligibility timing:

  1. First and second withdrawals: Every 21 days
  2. Third and fourth withdrawals: Every 14 days
  3. KortanaFX Prime: Every 7 days

Payment Method

All payouts are processed internally:

  1. Payment currency: USDT (Tether)
  2. Network: ERC20 (Ethereum)
  3. No third-party payment processors used

Note: Withdrawal cycles start from the first trade of each period.

KortanaFX benefits

Payout Calculation Examples

Example 1: Standard Account

  • Account size: $100,000
  • Profit achieved: $10,000
  • Maximum payout limit: $7,000 (7% of account size)
  • Trader’s first withdrawal (50% profit split)
  • Payout amount: $3,500 (50% of $7,000)

Example 2: KortanaFX Prime Account

  • Account size: $200,000
  • Profit achieved: $20,000
  • Maximum payout limit: $14,000 (7% of account size)
  • Prime member (100% profit split)
  • Payout amount: $14,000

Minimum Withdrawal Amount

The minimum amount for any withdrawal request is $100 USD.

KYC Process

First-time withdrawals require completion of Know Your Customer (KYC) procedures:

  1. Proof of identity (government-issued ID or passport)
  2. Proof of address (utility bill or bank statement)
  3. Additional documentation may be requested if needed

Affiliate Payouts

For KortanaFX affiliates:

  1. Payouts sent on the 5th of each month
  2. Covers previous month’s sales
  3. Payment terms: Monthly NET 5
  4. Payment method: USDT ERC20

Tax Implications

Traders are responsible for:

  1. Reporting trading income to relevant tax authorities
  2. Paying any applicable taxes on profits
  3. Consulting with a tax professional for guidance

KortanaFX does not provide tax advice or withhold taxes from payouts.

Security Measures

To ensure secure payouts:

  1. Enable two-factor authentication (2FA) on your account
  2. Use a unique, strong password
  3. Verify withdrawal addresses carefully
  4. Report any suspicious activity immediately

Payout Fees

KortanaFX covers internal payout processing fees. However:

  1. Blockchain network fees (gas fees) may apply
  2. Traders are responsible for any fees on the receiving end

Reasons for Payout Adjustments

KortanaFX may adjust payout amounts due to:

  1. Violation of trading rules
  2. Inconsistent trading patterns
  3. Suspicious account activity
  4. Errors in profit calculation

Payout Rejection Scenarios

Payouts may be rejected if:

  1. Trading rules are severely violated
  2. Fraudulent activity is detected
  3. KYC process is incomplete or unsatisfactory
  4. Account is under investigation

Payout Dispute Resolution

If you disagree with a payout decision:

  1. Contact KortanaFX support within 5 business days
  2. Provide detailed explanation and supporting evidence
  3. Allow up to 10 business days for dispute resolution
KortanaFX Options

Payout Cancellation

To cancel a pending payout:

  1. Contact KortanaFX support immediately
  2. Provide your account details and reason for cancellation
  3. Cancellations may not be possible if processing has begun

Account Closure and Final Payout

When closing a funded account:

  1. Submit a final withdrawal request
  2. Complete any pending trades
  3. Allow up to 5 business days for account reconciliation
  4. Receive final payout within 72 business hours of approval

User Reviews

  1. “The KortanaFX payout process is straightforward and efficient. I received my funds within the promised timeframe, and the compliance review was thorough but quick.” – Mark S.
  2. “While the 7% payout limit initially seemed restrictive, I understand it’s necessary for sustainability. The regular payout schedule allows for consistent income from my trading activities.” – Sarah L.
  3. “The USDT ERC20 payout method is convenient and aligns well with my crypto trading strategy. The KYC process was smooth, and I appreciate the security measures in place.” – Alex R.

Common Issues and Solutions

  1. Issue: Delay in payout processing beyond the stated timeframe
    Solution: Contact KortanaFX support if your payout is not processed within 72 business hours of approval. Provide your account details and payout request date for faster resolution.
  2. Issue: Difficulty completing the KYC process for first-time withdrawal
    Solution: Ensure all submitted documents meet the specified requirements. If you’re unsure about any part of the KYC process, reach out to KortanaFX support for guidance on acceptable documentation.
  3. Issue: Payout amount lower than expected due to maximum limit
    Solution: Review the 7% maximum payout limit policy. Consider adjusting your trading strategy to align with this limit, focusing on consistent profits rather than large, infrequent gains.

Preguntas Frecuentes

Currently, KortanaFX only processes payouts in USDT on the ERC20 network. This standardized approach ensures faster processing and reduced fees. If you need to convert to another currency, you’ll need to do so after receiving the USDT payout.

Your profit share increases with each successful withdrawal, starting at 50% and potentially reaching 100% for KortanaFX Prime members. The payout is calculated based on your current profit share percentage, applied to your trading profits up to the 7% account balance limit.

If you don’t request a payout within your eligible cycle (21, 14, or 7 days, depending on your status), you can still request it in the next cycle. However, it’s advisable to maintain a regular withdrawal schedule to reset your maximum payout limit and ensure consistent account performance evaluation.