KortanaFX provides a comprehensive set of rules and guidelines to ensure fair and transparent trading conditions for all participants. This document outlines the key policies governing account management, trading practices, and evaluation processes.
Account Management
Merging Accounts
KortanaFX does not currently support account merging. Each trading account must be operated separately. Traders are permitted to use trade copiers within their accounts. The company may consider allowing merging in the future.
Maximum Trading Capital
The maximum trading capital a trader can manage is $200,000. This limit applies to the total sum of all accounts held by a trader. The system does not automatically detect or block purchases exceeding this limit, so traders are responsible for adhering to this rule.
Compliance verification:
- Manually checked at withdrawal time
- Profits on accounts exceeding the limit will be voided
- Full refund provided for purchases beyond the $200,000 cap
Time Limits
KortanaFX imposes no minimum or maximum trading days. Traders can pass the evaluation in as little as one day or take up to a year. However, traders should be aware of the Inactivity Rule.
Trading Practices
Bots and Expert Advisors (EAs)
| Category | Details |
| Permitted | – HFT bots during challenge phases only |
| Prohibited EA types | 1. News Scalping EAs 2. Arbitrage EAs (Reverse and Latency) 3. Multi-Account Reverse Trading EAs 4. Tick Scalping bots 5. EAs designed to abuse demo servers |
| Recommendations | – Use personally developed EAs – Ensure uniqueness to comply with copy trading rules |
| Consequences | Failure to adhere to these rules will result in account termination |
This table clearly organizes the information about bots and EAs into categories, making it easier for users to understand what is allowed, what is prohibited, and the recommendations and consequences related to their use on the KortanaFX platform.
News Trading
Evaluation phases:
- Holding trades during news events is permitted
- Opening trades during red folder news events is allowed
Funded accounts:
- Profits from trades opened or closed within 10 minutes of high-impact red folder news events will not be counted
- Profit deductions will be handled upon withdrawal request
- Account will not be terminated for red folder news trading
Reference:
- Forex Factory for red folder news events
- MyFxBook for all-day news events
Copy Trading
Guidelines for copy trading:
- Trader must own the originating account
- Demo accounts are not permitted as source accounts
- Verification of account ownership may be required
- Signal trading is not accepted
- Copying tool must have a static IP
Non-compliance will result in account termination.
Overnight Trades
No restrictions on trade duration during the week. Traders should be aware of:
- Swap fees for overnight positions
- Potential spread volatility
Weekend Trading
Evaluation phases:
- Holding trades over weekends is permitted
Funded accounts:
- Trades must be closed by market close on Friday
- Failure to close weekend trades results in account termination
Evaluation and Funding Process
Ways to Fail a Challenge
Traders can fail the challenge or lose their funded account by:
- Violating the daily drawdown rule
- Breaching the maximum drawdown rule
- Engaging in prohibited trading strategies
Consistency Rule
Temporary rule for HFT bot users:
- Minimum 5 trading days required for each withdrawal
- Trading history reviewed at withdrawal request
- Balance adjusted for trades outside the trading range
Calculating trading range:
- Determine average trade size: Total lot volume / Number of executed trades
- Range bottom: Average lot size x 0.25
- Range top: Average lot size x 2.00
Additional rules:
- No single trade can account for 33% or more of total profit
- Lot range applies from the first withdrawal request
Profit Sharing and Payment Schedule
Withdrawal eligibility:
- Minimum 5 trading days with at least 1 trade per day
Withdrawal schedule:
- First and second withdrawals: Every 21 days
- Third and fourth withdrawals: Every 14 days
Profit sharing percentages:
- First withdrawal: 50%
- Second withdrawal: 70%
- Third withdrawal: 80%
- Fourth withdrawal: 90%
Kortana Prime program:
- Activated after 4 successful withdrawals
- 7-day withdrawal cycle
- 100% profit sharing
Additional notes:
- 100% of profits must be withdrawn each time
- Minimum withdrawal amount: $100 USD
Prohibited Trading Strategies
KortanaFX prohibits the following trading practices:
- Copy trading using signals or group trading
- Reverse trading or group hedging across multiple accounts
- Account management services or allowing others to trade on your behalf
- Grid trading (subject to fraud department assessment)
- Trade stacking (3 or more positions open for the same instrument in the same direction)
- Multiple IP addresses logging into the same account
- Martingale trading or EAs
- Latency arbitrage
- Guaranteed limit order fills on news events
Note: Trades open for less than 2 minutes will not count towards profit to prevent HFT-like activities.
Consequences:
Engaging in prohibited strategies may result in loss of challenges or funded accounts.
IP Management
Guidelines for IP address usage:
- Maintain consistent IP address for master account logins
- Multiple IP detections may be flagged as potential fraud
- Use a VPN if two individuals operate from the same location
- Contact support for any IP-related questions or issues
User Reviews
- “KortanaFX’s rules on bots and EAs are clear and fair. As an algo trader, I appreciate the transparency about what’s allowed during challenges and funded accounts.” – Mark S.
- “The consistency rule initially seemed complex, but it actually helps maintain a disciplined trading approach. It’s made me a more consistent trader overall.” – Emily R.
- “The profit sharing structure and Prime program are great incentives. The rules are strict but necessary for a sustainable prop firm model.” – David L.
Common Issues and Solutions
- Issue: Unexpected account termination due to prohibited trading strategies
Solution: Carefully review the list of prohibited strategies. If unsure about a specific technique, contact KortanaFX support for clarification before implementation. - Issue: Difficulty meeting the consistency rule requirements
Solution: Focus on developing a stable trading strategy that fits within the allowed lot size range. Use the provided formula to calculate your acceptable trading range and adjust your approach accordingly. - Issue: Confusion about news trading rules
Solution: Utilize the specified news sources (Forex Factory and MyFxBook) to identify high-impact events. For funded accounts, avoid opening or closing trades within 10 minutes of these events to prevent profit deductions.
Preguntas Frecuentes
Yes, but you must maintain a consistent IP address for your master account logins. If you need to use multiple devices or locations, contact KortanaFX support to discuss proper IP management and potentially set up a VPN solution.
The daily drawdown is calculated based on the account balance at the start of each trading day. The maximum drawdown is measured from the highest point of your account balance. Exact percentages for these limits can be found in your account dashboard or by contacting support.
If you believe you’ve unintentionally violated a rule, contact KortanaFX support immediately. Depending on the nature and severity of the violation, they may be able to review your case and provide guidance. However, some rule violations, particularly those related to prohibited trading strategies, may still result in account termination.
