Kortana, a proprietary trading firm founded in 2023 and based in Dubai, U.A.E., offers a new and innovative approach to trading.
Traders can access significant capital for trading various financial instruments, such as Forex, Indices, Metals, and Crypto.
Kortana is known for its flexible trading conditions, a straightforward 1-step challenge, attractive profit splits, and the ability to handle up to $200,000 in trading capital.
Their strong customer support and a variety of trading platforms, including MT4, MT5, and cTrader, make Kortana a top option for traders of all experience levels.
Interested in testing your skills? Click here!
Kortana Prop Firm Coupon Code
Kortana is running a special promotion: 27% off all challenges until May 31 when you pay with cryptocurrency. Use code: MAY27 at checkout.
Overview of Kortana Prop Firm
Company Name
Kortana
Address
Suite #903, Al Serkal 2, Port Saeed, Deira, Dubai, U.A.E.
Established Year
2023
Registration Location
United Arab Emirates
Owners
Jared Esguerra and Kevin Cardona
What Trading Platforms Does Kortana Offer?
Kortana offers access to three prominent trading platforms: MT4, MT5, and cTrader. Known for their intuitive interfaces, advanced charting capabilities, and a wide selection of technical indicators, these platforms cater to traders at all levels of experience.
Trading Instruments at Kortana Prop Firm
At Kortana, traders can choose from a diverse array of instruments, including Forex, Indices, Metals, and Cryptocurrencies. This selection allows for portfolio diversification and the ability to seize various market opportunities.
Payment Methods at Kortana Prop Firm
Kortana accepts payments via Debit/Credit Card and Cryptocurrency, with USDT (Tether) being the sole option for withdrawals. This ensures a secure and convenient process for funding accounts and withdrawing profits.
Exploring Account Size Options at Kortana
Kortana provides several account size options to meet different trading requirements:
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
These options enable traders to choose an account size that aligns with their strategies and risk appetite.
How Kortana Prop Firm Shares Profits
Kortana offers 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, as their profit share increases with each subsequent payout.
Setting the Bar: Profit Targets at Kortana
Kortana requires traders to achieve an 8% profit target during their challenges. Meeting this target is crucial to qualify for a funded account and begin earning profit splits.
Drawdown Rules and Loss Limits at Kortana Prop Firm
Kortana implements 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.
What Step Challenges Are Available?
Kortana offers a 1-step challenge. Traders need to hit the profit target and comply with risk management rules to qualify for a funded account.
Number of Trading Days Allowed
Kortana provides unlimited trading days and 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.
Cost of Entry for Kortana Prop Firm’s Challenge
The pricing for the 1-step challenge at Kortana is as follows:
- $10,000 account: $147
- $25,000 account: $267
- $50,000 account: $397
- $100,000 account: $597
- $200,000 account: $999
These fees give traders access to the challenge and the potential for substantial trading capital.
Fees and Commissions: What to Expect at Kortana
Kortana charges a $7 commission per lot traded. This fee applies to every trade and should be factored into traders’ strategies.
Information on Refunds at Kortana Prop Firm
Currently, Kortana does not offer refundable fees. All fees paid for challenges are non-refundable.
Free Trials
Kortana does not offer a free trial for its challenges. Traders must pay the entry fee to participate and qualify for a funded account.
Payout Timeline at Kortana Prop Firm
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 Recognition: Kortana FX is praised as one of the top firms in the high-frequency trading (HFT) industry.
- Effective Tools: Users find the Easy Funded MT5 bot helpful in passing challenges efficiently.
- Customer Support: Multiple reviews commend Kortana FX’s customer support for addressing account and MT4 issues.
- Timely Payouts: Positive experiences with fast withdrawals and timely payouts are frequently mentioned.
- IP Flexibility: The ability to trade from multiple IPs is considered a valuable feature.
- Scam Accusations: Numerous users allege Kortana FX engages in scam activities, including sudden account bans and invalid account status without explanation.
- Payout Challenges: Users report issues with payout denials due to the “stacking rule” and IP address breaches, even when rules were followed.
- Customer Service Issues: Significant complaints about the lack of human assistance and the unavailability of live chat are noted.
- IP Address Issues: Frequent complaints about IP address breaches arise, especially from users on mobile networks or multiple devices.
- Legal Considerations: Some users mention contemplating or pursuing legal action due to perceived fraud.
Kortana FAQ Section
Kortana Prime is the VIP program designed to reward exceptional trading skills. This program represents the peak for traders, offering the best trading conditions in the industry. Members benefit from a 100% profit split, 7-day withdrawals, raw spreads, a dedicated account manager, and VIP access to events and Kortana trips. To qualify for Kortana Prime status, traders must make 4 withdrawals. Typically, EA traders are not accepted into Kortana Prime, but this can be reviewed individually.
Using a stop loss for each trade is not mandatory. However, for risk management purposes, it is strongly advised to always use one.
Traders are utilizing simulated funded accounts once they pass the evaluation. A Simulated Funded Account consists of virtual funds, allowing traders to earn a profit share 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.
To ensure sustainability, a maximum payout limit is introduced due to accepting HFT and enabling quick funding. 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 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 executing a trading transaction, the account will be permanently deactivated.
All trading with Kortana is conducted on demo accounts. On the back end, trades can be analyzed and potentially copied over to live capital at the firm’s discretion.
