Established in 2023 and headquartered in Dubai, U.A.E., Kortana is a proprietary trading firm bringing innovative opportunities to traders.
They provide substantial capital for trading in various financial markets, including Forex, Indices, Metals, and Crypto.
Kortana differentiates itself through flexible trading conditions, a 1-step challenge, competitive profit splits, and the potential to manage up to $200,000 in trading capital.
Their dedication to customer support and offering multiple trading platforms such as MT4, MT5, and cTrader positions them as a preferred choice for both new and seasoned traders.
Ready to take on one of their challenges? Click here!
Kortana Prop Firm Discount Code
Enjoy a special offer from Kortana: 27% off all challenges until May 31 when paying with cryptocurrency. Apply code MAY27 at checkout.
Kortana Prop Firm Overview
- Company Name: Kortana
- Address: Suite #903, Al Serkal 2, Port Saeed, Deira, Dubai, U.A.E.
- Year Established: 2023
- Registration: United Arab Emirates
- Owners: Jared Esguerra and Kevin Cardona
Platforms for Trading at Kortana Prop Firm
Kortana provides traders with access to three leading trading platforms: MT4, MT5, and cTrader. These platforms are widely recognized for their user-friendly interfaces, comprehensive charting tools, and an extensive array of technical indicators, making them suitable for both novice and expert traders.
What Instruments Does Kortana Prop Firm Offer?
Traders with Kortana have access to a broad spectrum of trading instruments, including Forex, Indices, Metals, and Cryptocurrencies. This variety enables traders to diversify their portfolios and capitalize on various market opportunities.
Options for Payment at Kortana Prop Firm
Kortana supports payments via Debit/Credit Card and Cryptocurrency. Withdrawals are facilitated through USDT (Tether) only. This payment flexibility ensures that traders can conveniently fund their accounts and securely withdraw their profits.
Different Account Sizes at Kortana Prop Firm
Kortana offers various account sizes to cater to different trading needs:
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
This range allows traders to select an account size that matches their trading strategies and risk management preferences.
Kortana Prop Firm’s Approach to Profit Sharing
Kortana employs a progressive profit split structure:
- 1st payout: 50%
- 2nd payout: 70%
- 3rd payout: 80%
- 4th payout: 90%
This approach incentivizes traders to remain with the firm and maintain consistent performance, as their share of profits increases with each subsequent payout.
Profit Goals at Kortana Prop Firm
Kortana sets an 8% profit target for traders to reach during their challenges. Achieving this target is essential to qualify for a funded account and start earning profit splits.
Kortana Prop Firm: Loss and Drawdown Limits
Kortana enforces strict risk management rules with a maximum daily loss limit of 5% and a maximum total loss limit of 10%. These limits are designed to protect both the trader and the firm from excessive risk.
Kortana Prop Firm’s Minimum/Maximum Trading Day Requirements
Kortana offers unlimited trading days and no minimum trading day requirements. This flexibility allows traders to take their time in achieving the profit targets without the pressure of a fixed timeline.
Available Steps for Kortana Challenges
Kortana offers a straightforward 1-step challenge. Traders must meet the specified profit target and adhere to the risk management rules to qualify for a funded account.
Cost of Joining Kortana Prop Firm’s Challenge
The cost to start the 1-step challenge at Kortana depends on the account size:
- $10,000 account: $147
- $25,000 account: $267
- $50,000 account: $397
- $100,000 account: $597
- $200,000 account: $999
These fees provide access to the challenge and the opportunity to manage significant trading capital.
Understanding Fees and Commissions at Kortana Prop Firm
Kortana charges a commission of $7 per lot traded. This fee applies to all trades and is an important factor for traders to consider when planning their strategies.
Are Fees at Kortana Refundable?
At the time of writing, Kortana does not offer any refundable fees. All challenge fees are non-refundable.
Trial Periods Available at Kortana Prop Firm
Kortana does not provide a free trial for its challenges. Traders must pay the challenge fee to participate and attempt to qualify for a funded account.
Frequency of Payouts
Kortana’s payout schedule rewards consistent performance:
- 1st and 2nd payouts: Eligible within 21 days of the first trade in the new trading period.
- 3rd and subsequent payouts: Eligible within 14 days of the first trade in the new trading period.
Additionally, traders must participate in a minimum of 5 trading days for each withdrawal.
Advantages and Disadvantages
(based on community feedback on TrustPilot)
- Effective Tools: The Easy Funded MT5 bot is lauded by users for its effectiveness in passing challenges.
- Customer Support: Numerous reviews praise Kortana FX’s customer support for resolving account and MT4 issues promptly.
- Fast Payouts: Users report fast withdrawals and timely payouts, highlighting the firm’s reliability.
- HFT Expertise: Kortana FX is recognized as a leader in the high-frequency trading (HFT) sector.
- Trading Flexibility: The ability to trade from multiple IPs is viewed as a convenient and beneficial feature.
- Payout Issues: Some users report payout denials due to the “stacking rule” and IP address breaches, despite adherence to rules.
- Customer Service Complaints: There are notable complaints about the lack of responsive human assistance and the closure of live chat.
- Scam Allegations: Several users accuse Kortana FX of being a scam, citing sudden account bans and invalid account status without clear reasons.
- IP Address Problems: Frequent complaints about IP address breaches arise, particularly from users on mobile networks or multiple devices.
- Legal Actions: Some users consider or pursue legal action due to perceived fraudulent activities by the firm.
Kortana FAQ
Kortana Prime is the VIP program designed to reward exceptional trading skills. It represents the pinnacle for traders, offering the best trading conditions in the industry. Members enjoy a 100% profit split, 7-day withdrawals, raw spreads, a dedicated account manager, and VIP access to events and Kortana trips. To earn Kortana Prime status, traders must make 4 withdrawals. Generally, EA traders are not accepted into Kortana Prime, but this is reviewed on a case-by-case basis.
Using a stop loss for each trade is not a requirement. However, for risk management purposes, it is strongly recommended to always use one.
Traders are using simulated funded accounts once the evaluation is passed. A Simulated Funded Account consists of virtual funds, allowing traders to earn a profit share payable as a percentage of the simulated profit generated, based on the Profit Split associated with the simulated funded account. It is important to note that a Simulated Funded Account operates with real market quotes from liquidity providers. The trading data is used by a proprietary trading firm, where trades may be copied at their discretion, and proprietary trading strategies are developed using this data.
Due to the unique nature of accepting HFT and enabling traders to get funded quickly, a maximum payout limit is introduced. This is to ensure the business remains sustainable. The maximum profit and payout one can receive is 7% of the starting account balance. This measure aims to prevent gambling-like behaviors, such as using dangerously large lot sizes, opening full margin positions before news, and poor risk management. For example, on a 200K account, any profit over $14,000 will not count towards the payout. The respective profit split will be paid from this $14,000, and the maximum profit will reset after each payout.
Withdrawal Fees
Payouts are sent over the ETH blockchain, which can incur expensive gas fees. As a result, a 2% fee is charged on trader withdrawals, which is automatically deducted from the payment.
Inactivity
If 60 days or more pass without logging in or performing a trading transaction, the account will be permanently deactivated.
All trading with Kortana takes place on demo accounts. On the back end, trades can be analyzed and potentially copied over to live capital at the firm’s discretion.
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