Kortana, a proprietary trading firm established in 2023 and located in Dubai, U.A.E., offers innovative trading solutions.
Traders can access significant capital to trade various financial instruments, including Forex, Indices, Metals, and Crypto.
Kortana is noted for its flexible trading conditions, a 1-step challenge, advantageous profit splits, and the ability to manage up to $200,000 in trading capital.
Their strong customer support and multiple trading platforms such as MT4, MT5, and cTrader position them as a top choice for traders of all experience levels.
Want to test your trading skills? Click here!
Kortana Coupon Code
Kortana is offering a special deal: 27% off all challenges until May 31 when you pay with cryptocurrency. Use code MAY27 at checkout.
Kortana Prop Firm Overview
Company Name
Kortana
Location
Suite #903, Al Serkal 2, Port Saeed, Deira, Dubai, U.A.E.
Year Founded
2023
Registered In
United Arab Emirates
Owners
Jared Esguerra and Kevin Cardona
Kortana Prop Firm’s Trading Platform Choices
Kortana provides access to three renowned trading platforms: MT4, MT5, and cTrader. These platforms are celebrated for their ease of use, sophisticated charting tools, and extensive technical indicators, suitable for both novice and seasoned traders.
The Instruments You Can Trade with Kortana Prop Firm
Traders at Kortana can trade a wide range of instruments, including Forex, Indices, Metals, and Cryptocurrencies. This selection allows for portfolio diversification and the ability to capitalize on various market opportunities.
How to Pay at Kortana Prop Firm
Kortana supports payments via Debit/Credit Card and Cryptocurrency, with USDT (Tether) being the exclusive option for withdrawals. This ensures a secure and convenient method for funding accounts and withdrawing profits.
Kortana Prop Firm’s Array of Account Sizes
Kortana offers several account sizes to accommodate different trading needs:
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
This range allows traders to select an account size that aligns with their trading strategies and risk preferences.
The Profit Sharing System at Kortana Prop Firm
Kortana employs a progressive profit split structure:
- 1st payout: 50%
- 2nd payout: 70%
- 3rd payout: 80%
- 4th payout: 90%
This structure motivates traders to stay with the firm and consistently perform well, as their profit share increases with each payout.
Profit Targets at Kortana Prop Firm
Kortana requires traders to achieve an 8% profit target during their challenges. Reaching this target is crucial to qualify for a funded account and start earning profit splits.
Loss Rules and Daily Drawdown
Kortana enforces strict risk management rules with a maximum daily drawdown 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.
Maximum/Minimum Trading Days at Kortana
Kortana offers unlimited trading days and has no minimum trading day requirements. This flexibility allows traders to take their time to achieve the profit targets without the pressure of a fixed timeline.
Kortana Step Challenge Options
Kortana offers a single-step challenge. Traders need to achieve the profit target and adhere to risk management rules to qualify for a funded account.
Kortana Prop Firm Challenge Fee Breakdown
The pricing for Kortana’s 1-step challenge is dependent 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 traders access to the challenge and the potential for substantial trading capital.
Kortana Prop Firm’s Fee and Commission Details
Kortana imposes a $7 commission per lot traded. This fee is applicable to all trades and is an important consideration for traders.
Kortana Prop Firm and Their Refund Policy
Currently, Kortana does not offer any refundable fees. All challenge fees are non-refundable.
Does Kortana Prop Firm Offer Free Trials?
Kortana does not provide a free trial for its challenges. Traders must pay the challenge fee to participate and qualify for a funded account.
Trader Payout Schedule at Kortana
Kortana’s payout schedule is designed to encourage consistent performance:
- 1st and 2nd payouts: Available within 21 days of the first trade in the new trading period.
- 3rd and subsequent payouts: Available within 14 days of the first trade in the new trading period.
Traders must complete at least 5 trading days to qualify for each withdrawal.
Advantages & Disadvantages
(according to Trustpilot reviews)
- HFT Leadership: Kortana FX is highly recognized in the high-frequency trading (HFT) industry.
- Effective Tools: Users praise the Easy Funded MT5 bot for its role in helping them pass challenges.
- Customer Support: Numerous reviews highlight the efficiency of Kortana FX’s customer support in resolving account credential and MT4 issues.
- Prompt Payouts: Many users report fast withdrawals and timely payouts.
- Flexible Trading Options: The ability to trade from multiple IPs is appreciated as a valuable feature.
- Customer Service Complaints: Significant issues are reported regarding the lack of responsive human assistance and the closure of live chat options.
- Payout Challenges: Users report problems with payout denials due to the “stacking rule” and IP address issues, despite adhering to the rules.
- Scam Accusations: Many users accuse Kortana FX of being a scam, citing sudden account bans and invalid account status without clear reasons.
- IP Address Breaches: Frequent complaints about IP address breaches arise, particularly from users on mobile networks or multiple devices.
- Legal Actions: Some users are contemplating or pursuing legal action due to perceived fraudulent activities by the firm.
Kortana FAQ
Kortana Prime is a VIP program designed to reward exceptional trading skills. It offers the highest trading conditions, including a 100% profit split, 7-day withdrawals, raw spreads, a dedicated account manager, and VIP access to events and Kortana trips. To achieve Kortana Prime status, traders must make 4 withdrawals. Generally, EA traders are not accepted into Kortana Prime, but this is reviewed case-by-case.
Using a stop loss for each trade is not required, but it is strongly recommended for risk management purposes.
Traders operate with simulated funded accounts after passing the evaluation. A Simulated Funded Account consists of virtual funds, enabling traders to earn a profit share based on the Profit Split associated with the account. It 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.
To maintain business sustainability, a maximum payout limit is introduced due to the acceptance of HFT and rapid funding. The maximum profit and payout one can receive is 7% of the starting account balance. This measure prevents gambling-like behaviors, such as using large lot sizes, opening full margin positions before news, and poor risk management. For instance, 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 processed over the ETH blockchain, which can incur high gas fees. Therefore, a 2% fee is charged on trader withdrawals, automatically deducted from the payment.
Inactivity
If 60 days or more pass without logging in or making a trading transaction, the account will be permanently deactivated.
