Our in-depth review and analysis of KortanaFX. As a rapidly emerging prop trading firm, KortanaFX has garnered attention for its innovative trading solutions and attractive funding opportunities.
In this review, we’ll explore the key features, trading conditions, and unique offerings that set KortanaFX apart in the competitive prop trading landscape. Whether you’re a seasoned trader or just starting, our comprehensive analysis will help you decide if KortanaFX is the right fit for your trading journey.
KortanaFX: Prop & Cons
Let’s start our KortanaFX review by finding out what advantages this company has. By the way, KortanaFX prop firms have some disadvantages as well. Let’s consider them as well.
Pros
- +Earn a share of the profits, up to 100%, in just 60 days.
- +Quick payments are available every seven days for Prime members.
- +Trade with unlimited flexibility and no time constraints.
- +Seamless compatibility with top-notch trade journaling software.
- +Enables the utilization of trade copiers and specific expert advisors.
Cons
- -Maximum funding cap of $200,000.
- -Limits on trading based on location.
Who are KortanaFX?
KortanaFX has emerged as a pioneering force in the forex prop firms field, providing traders with a chance to capitalize on the foreign exchange market that is unmatched by any other. The company’s distinctive profit-sharing model is what makes this possible. This firm, which is situated in London, distinguishes itself by offering a profit share of up to one hundred percent, placing itself as a leader in trade circumstances that are competitive within the industry. KortanaFX entices traders from the very beginning with a fascinating proposition: start with a profit split of fifty percent and work your way up to an outstanding one hundred percent profit share, attaining the title of Kortana Prime in just sixty days.
This strategy not only provides traders with incentives but also helps cultivate an atmosphere of collaboration in which success is a journey shared by everybody. KortanaFX is responsible for the logistical issues, which enables traders to concentrate only on increasing their earnings when using the platform.
KortanaFX Key Features
KortanaFX offers a wide range of trading instruments and conditions, guaranteeing traders a flexible platform that accommodates their various trading strategies. With different strategies for leverage, trading methods, and the highly esteemed Kortana Prime initiative, KortanaFX provides a complete platform for achieving excellence in forex trading.
- Flexible Funding Options: KortanaFX offers a variety of funding plans tailored to meet the needs of different traders, whether you’re a beginner or an experienced professional.
- High Payout Percentages: Traders can enjoy generous profit splits, allowing them to retain a significant portion of their earnings.
- Advanced Trading Platforms: Access cutting-edge trading platforms with advanced tools and analytics to enhance your trading performance.
- Comprehensive Support: KortanaFX provides 24/7 customer support and educational resources to ensure traders have the guidance they need to succeed.
These features make KortanaFX a compelling choice for those looking to thrive in the prop trading industry.
KortanaFX: General Information
Only in our KortanaFX review will you get the most critical data about this firm. All information is current at the time of writing the KortanaFX prop firm trading review.
Official Website: | https://kortanafx.com |
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Profit Split: | Up to 100% |
Tradable Instruments: | Forex, Gold, Indices, Commodities, Crypto |
Trading Platforms: | MT4, MT5, DXTrade, cTrader, Trade Locker |
Fees: | Range $139 – $999 |
News Trading: | Disallowed |
Profit Target: | 8% |
Max Drawdown: | 10% |
Leverage: | 1:50 |
Payment Types: | Cryptocurrencies, Debit and Credit Cards |
CEO: | Jared Esguerra and Kevin Cardona |
Tradeable assets and the use of leverage
Traders at KortanaFX have the opportunity to trade a diverse range of instruments offered by reputable partners Blueberry Markets and Zenfinex. The available leverage options differ, providing a ratio of 1:50 for FX pairs and indices, 1:20 for FX exotics and oil, and a more cautious 1:1 for cryptocurrencies. This leverage framework has been carefully crafted to strike a harmonious balance between seizing opportunities and effectively managing risks, perfectly aligning with KortanaFX’s unwavering commitment to upholding professional trading standards.
The Journey to Kortana Prime
Kortana Prime represents the pinnacle of trading success in KortanaFX, offering exceptional traders perks like full profit sharing, competitive spreads, and exclusive event privileges. Membership in this prestigious group demands a proven history of achievement, demonstrated by four successful withdrawals, highlighting KortanaFX’s commitment to nurturing trading expertise.
Size of the Lot, Trading Methods, and Managing the Account
It is crucial to adhere to the lot size limitations, ensuring that at most 50 lots are traded during the evaluation phase and only 20 lots for live-funded accounts. KortanaFX maintains a stringent policy to prevent any unauthorized trading practices, such as copying trades and manipulating strategies, in order to establish a just and professional trading atmosphere. Traders are also reminded of the significance of maintaining consistent intellectual property and the strict prohibition against allowing others to manage their accounts. This highlights the platform’s dedication to upholding integrity and promoting individual accountability.
Is Reliable & Legal KortanaFX Prop Company?
Is KortanaFX’s prop trading firm legit? Our KortanaFX prop firms review would definitely not be complete without this important question.
- Legal/Licence: No information about the company’s license was available on the official website or on third-party sites.
- Reputation: Their Trust Pilot rating is exceptionally high, coming in at 4.55, which indicates that people have a great deal of faith in them.
- Safe: Reviews of experienced clients confirm that it is absolutely safe to work with KortanaFX prop firm. All transactions and traders’ data are reliably protected.
What Makes KortanaFX Different From Other Prop Firms?
The compensation mechanism that KortanaFX has introduced is unusual, with the initial payout taking place after 21 days. This system continues to develop as traders progress, and it enables them to get weekly rewards once they have reached the level of membership required for Kortana Prime, which is achieved after four successful withdrawals. The fact that KortanaFX is committed to immediately compensating its traders for their success is demonstrated by the company’s flexibility and speedy payout cycle. KortanaFX’s trader-centric approach is characterized by a number of characteristics, one of which is the absence of time limits on trading tasks.
Because of this flexibility, traders can operate in an atmosphere free of stress, allowing them to concentrate on strategy and performance rather than playing a race against the clock. KortanaFX places a higher importance on success than speed, regardless of whether traders pass in a day or a year. The fee cost at KortanaFX is competitive, coming in at $6 per lot, and the company is dedicated to delivering excellent trading conditions. In addition, the company offers minimal commissions and raw spreads.
The purpose of this commitment to openness and affordability is to improve traders’ trading experience and profitability. The combination of KortanaFX with Swiset, the most popular trading journaling software in the world, is a particularly forward-thinking addition to the company’s product lineup. Because of this cooperation, traders are provided with sophisticated analytical tools and insights, which is comparable to having a personal trading coach but without the difficulties that come along with it. One of the ways that KortanaFX is altering the norms of forex prop trading is through its unique profit-sharing model, its quick payout method, and its trader-friendly regulations. Because of the company’s unwavering commitment to delivering the best possible trading circumstances and equipping traders with cutting-edge tools, it has established itself as a vital institution in the dynamic field of forex prop firms.
KortanaFX: Challenge Funding Program Options
Kortana provides a basic one-step task. For traders to be eligible for a funded account, they must first fulfill the predetermined profit objective and then comply with the risk management guidelines.
1-Phase Challenge
Right from the beginning, it is clear that Kortana is dedicated to making trading more straightforward. The objective of Kortana is to streamline their challenge conditions by ensuring that they are consistent across all of their challenges. With a limited daily downside of 5% and a maximum cumulative drawdown of 10%, traders are required to aim for a profit objective of 8% within their trading activities. Every task is just for the first phase. When it comes to effectively completing a challenge, traders are free to spend as much time as they perceive to be necessary.
After a trader has completed a task, Cortana will immediately present them with a funded account.
From the beginning of their voyage, traders receive a profit share of seventy percent, which grows every two weeks. In the space of sixty days, traders have the opportunity to achieve the desired position of having a profit share of one hundred percent and to get the renowned title of Kortana Prime. Because Kortana handles the logistics, traders are able to concentrate entirely on trading without having to worry about any other concerns.
Once the aim has been accomplished, a trading account will be provided to the trader. This account will enable the trader to maintain up to one hundred percent of their earnings, trade whenever they want, and hold deals over the weekend.
Account Size | Price |
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$10,000 | $147 |
$25,000 | $267 |
$50,000 | $397 |
$100,000 | $597 |
$200,000 | $999 |
Profit Splits
The standard goal for profit is half of the total earnings, with the possibility of doubling the amount. Kortana’s profit-sharing structure positions it as one of the most lucrative proprietary trading firms in the currency market.
Which Broker Does KortanaFX Use?
As a reliable broker that guarantees the safety of all transactions and funds during traders’ excursions, Blueberry Market is the one that Kortana depends on extensively. With the purpose of becoming a reliable partner who assists traders in accomplishing their trading objectives, Blueberry Market is dedicated to making traders’ success in the foreign exchange market a top priority.
Trading Instruments
This platform, which supports a wide variety of instruments above, guarantees the execution of more than 300 instruments to be 100% true straight-through (ST). This extensive range also covers shares, commodities, indices, foreign exchange, and other connected assets.
Trading Platforms
This company offers its clients time-tested MT4, MT5, DXTrade, cTrader, and Trade Locker platforms.
Trading Fees
When traders decide to sign up for Kortana, they must pay an initial charge proportional to the size of the account they intend to trade on. Every account size that may be created on the site comes with a price, and there are multiple different account sizes accessible.
Depending on the size of the account, the following prices are available: $10,000 for $139, $25,000 for $249, $50,000 for $379, $100,000 for $575, and $200,000 for $999. Kortana will swiftly finalize the deal for the traders once they have made the payment, and it will be finished within a day or less. If they get an email with their account login information, they will then be able to begin trading on the platform.
Category | Phase 1 | Funded |
---|---|---|
Profit target | 8% | – |
Max daily loss | 5% | 5% |
Max loss | 10% | 10% |
Profit Split | N/A | Up To 100% |
EA Trading | Yes | Yes |
Trading Period | Unlimited | Unlimited |
KortanaFX: Step-by-Step Account Opening Process
Opening an account with KortanaFX prop trading firm is very easy; follow the steps below:
- Go to the website kortanafx.com
- Click on Start Trading
- Choose a suitable program
- Click on Register
- Fill in the form with data
- Start Trading
Payment Methods at KortanaFX Prop Firm
Kortana allows users to make payments using cryptocurrencies and debit and credit cards; however, the only option for withdrawals is USDT (Tether), the native cryptocurrency. This guarantees that transactions involving account financing and earnings withdrawal are safe and easy.
Payment Method | Type | Withdrawal Time |
---|---|---|
Cryptocurrencies (USDT – Tether) | Withdrawal | Within 24 hours |
Debit and Credit Cards | Deposit | Instant |
Customer Support on KortanaFX Company
The live chat service provided by Kortana is available every day from nine in the morning until six in the evening Eastern Standard Time. Consumers need only click the icon in the bottom right corner of the screen to access it. Traders can submit messages whenever they want, and agents will answer them by email as quickly as they can.
Conclusion Review and Analysis About KortanaFX Prop Firm
Kortana offers dealers the opportunity to access trading funds on the foreign exchange market through its extensive funding program. Traders can quickly achieve the funded level due to an expedited approval process and the absence of any time limitations. The strategy provides adaptability for different account sizes at different rates, highlighting the significance of trader assurance, expertise, and account funding capabilities for achieving success.
To assist traders in optimizing their earnings in the currency market, Kortana offers clear-cut trading instructions and mutually beneficial profit-sharing arrangements.
Kortana’s funding program has specific guidelines and criteria, such as flexible trading periods, maximum leverage, and profit targets. As per the policy restrictions, traders have the freedom to retain their trades over the weekend and participate in news trading. However, they are required to adhere to specific regulations, including limits on daily and overall losses.
When you decide to join Kortana, certain expenses are involved, such as challenge fees, account setup fees, and the possibility of sharing profits. Traders should thoroughly evaluate the advantages of gaining access to a significant amount of trading capital and other valuable resources provided by the company in contrast to the associated expenses.
In order for Kortana to enable payouts based on specific criteria, traders must meet certain account balance requirements and trade within specified time limits. At specific times, the organization’s customer support team promptly responds to inquiries through live chat, improving the overall trading experience.
Kortana sets itself apart from its competitors by collaborating with Blueberry Market to ensure the protection of trade and capital while placing a strong emphasis on optimizing traders’ performance in the FX market. This exceptional partnership showcases Kortana’s dedication to delivering a safe and nurturing trading atmosphere for its customers.
FAQs: About KortanaFX Prop Trading Company
Is There A Payout Limit?
A maximum payment limit is set because HFT allows traders to get paid rapidly, ensuring corporate sustainability. Profit and payout are limited to 7% of the beginning account amount. This strategy prohibits gambling-type behaviors such as initiating full margin positions before the news, employing dangerously large lot sizes, and inadequate risk management. A 200K account's earnings exceeding $14,000 won't contribute toward payment. The profit split will be paid from this $14,000, and the maximum profit will reset after each distribution.
Am I Trading Real Money?
After passing the examination, traders use simulated-funded accounts. A Simulated-Funded Account uses virtual funds to pay traders a profit share depending on the Profit Split of the simulated profit. Simulated-funded Accounts use genuine market quotations from liquidity sources. A proprietary trading business uses trading data to construct proprietary trading techniques and copy trades.
What's Kortana Prime?
VIP program Kortana Prime rewards extraordinary trading skills. The pinnacle for traders offers the most significant trading circumstances in the industry. Members get a 100% profit share, 7-day withdrawals, raw spreads, a dedicated account manager, and Kortana vacation and event VIP access. For the Kortana Prime level, traders must withdraw four times. EA traders are seldom permitted into Kortana Prime, although cases are evaluated.
In what cases does a trader lose his funded account?
There are only a handful of ways to fail the Challenge or jeopardize your funded account.
- Account violation: Failure to adhere to the daily drawdown rule on your account. Kindly familiarize yourself with the comprehensive explanation of our daily drawdown policy.
- Breaking the maximum drawdown rule: Disregarding the rule for maximum drawdown. Kindly familiarize yourself with the comprehensive explanation of our drawdown policy.