Evaluation Phase 

 

1. Evaluation Time Limit: Up To 1 Year 

 

A trader in Evaluation Phase has a limit of 1 year to complete the challenge. This allows for various trading styles to be successful with KFX. It accounts for longer term traders to utilise the time efficiently, while intraday traders have a more relaxed experience when going for funding. A stark contrast to the common 30 day time limit that most funding companies allow. This is where we are better.

 

If 1 year has passed and the trader still hasn't met the $ objectives, their account will be terminated and the trader will be disqualified. 

 

2. Minimum Active Trading Days: 30 ATD

 

The Evaluation phase must be at least 30 active trading days. Active trading days are NOT calendar days.  An active trading day is a day where the evaluation trader opens a new trade on a new day. An example would be opening GBPUSD trade on Wednesday and closing the same trade on Friday, this would count as 1 active trading day. The active trading day that is counted is the day GBPUSD was opened, not the full duration of the trade. 

 

3. Stop Loss Per Position: 1.5%

 

During the evaluation traders must place their Stop Loss as soon as possible for every pending limit order, stop order, and/or market order and for all open trades. 

 

 Traders must have a Max Stop Loss of 1.5% of the initial account balance % for every market order, pending order, or stop order. This means if the funded account starts with $10,000, each position’s max risk should not exceed 1.5% x $10,000 = $150 per position.

Trades closed without a Stop Loss will be considered a violation of our risk management guidelines.

 

4. Max Loss Allowed: 4%

 

The Max Loss during the Evaluation Phase is 4% Relative Drawdown $.

The Relative Drawdown $ is the maximum difference from the Highest Account Realised Balance $ to the Lowest Account Balance and/or Equity value $ (including floating profit/loss). 

 

The losses cannot at any point exceed the value of the Maximum Relative Drawdown $ specified at the start of each Evaluation Phase (That is 4% x Initial account Size = RDD $). 

 

 Formula: Stop Out Level $ = Highest Account Balance $ - (4% x Initial Evaluation Account Size).

 

 

Portfolio Manager

 

1. Stop Loss Per Position: 1.5%

 

The Evaluation Trader must have a Stop Loss placed as soon as possible for every and each pending limit order, stop order, and/or market order and for all open trades.

The Trader must have a Max Stop Loss of 1.5% of the initial account balance % for every market order, pending order, or stop order. This means if the funded account starts with $40,000, each position’s max risk should not exceed 1.5% x $40,000 = $600 per position.

Trades closed without a Stop Loss will be considered a violation of our risk management guidelines.

 

2. Max Loss Allowed: 4%

 

 The Max Loss during the Portfolio Manager Phases is 4% Absolute Drawdown (fixed loss) from initial balance. So the losses can never exceed 4% of the Initial Account Balance.