Kortana is a proprietary trading firm, established in 2023 and situated in Dubai, U.A.E., offering innovative trading opportunities.
Traders have access to significant capital for trading across various financial instruments, including Forex, Indices, Metals, and Crypto.
Kortana excels with flexible trading conditions, a 1-step challenge, competitive profit splits, and the potential to manage up to $200,000 in trading capital.
Their focus on excellent customer support and a variety of trading platforms like MT4, MT5, and cTrader makes Kortana a preferred choice for traders of all levels.
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Kortana Discount Code
Kortana offers a special promotion: Get 27% off all challenges until May 31 when you pay with cryptocurrency. Use the code: MAY27 at checkout.
Overview of Kortana Prop Firm
Official Company Name
Kortana
Address
Suite #903, Al Serkal 2, Port Saeed, Deira, Dubai, U.A.E.
Year of Establishment
2023
Location of Registration
United Arab Emirates
Proprietors
Jared Esguerra and Kevin Cardona
Kortana Prop Firm’s Available Trading Platforms
Kortana supports three well-regarded trading platforms: MT4, MT5, and cTrader. These platforms are known for their user-friendly designs, advanced charting functionalities, and a wide array of technical indicators, catering to traders from beginners to professionals.
Trading Instruments Offered at Kortana Prop Firm
Kortana provides access to a diverse set of trading instruments, including Forex, Indices, Metals, and Cryptocurrencies. This variety enables traders to diversify their portfolios and exploit different market opportunities.
Payment Options at Kortana Prop Firm
Kortana accepts Debit/Credit Card and Cryptocurrency payments, with USDT (Tether) being the sole withdrawal method. This flexibility ensures a secure and efficient process for account funding and profit withdrawals.
Account Size Varieties at Kortana Prop Firm
Kortana offers a range of account sizes to meet various trading requirements:
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
These options allow traders to choose an account size that best suits their trading strategies and risk profiles.
Profit Share Dynamics in Kortana Prop Firm
Kortana uses a progressive profit split structure:
- 1st payout: 50%
- 2nd payout: 70%
- 3rd payout: 80%
- 4th payout: 90%
This structure incentivizes traders to remain with the firm and maintain consistent performance, as their profit share increases with each payout.
Profit Targets Across Challenges
Kortana sets an 8% profit target for traders to achieve during their challenges. Meeting this target is essential to qualify for a funded account and begin earning profit splits.
Max Daily/Total Loss and Drawdown Rules at Kortana Prop Firm
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.
Available Step Challenges at Kortana
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.
Maximum/Minimum Trading Days Policy at Kortana Prop Firm
Kortana offers unlimited trading days and has no minimum trading day requirements. This flexibility allows traders to achieve the profit targets at their own pace without the pressure of a fixed timeline.
Challenge Participation Fees
The cost for participating in Kortana’s 1-step challenge varies by 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 substantial trading capital.
Kortana Prop Firm’s Fee and Commission Details
Kortana charges a commission of $7 per lot traded. This fee applies to all trades and should be considered when planning trading strategies.
Are Fees Refundable at Kortana
At present, Kortana does not offer any refundable fees. All fees for challenges 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 attempt to qualify for a funded account.
Payout Intervals at Kortana
Kortana’s payout schedule is structured to reward 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 participate in a minimum of 5 trading days for each withdrawal.
Advantages & Disadvantages
(according to Trustpilot reviews)
- HFT Expertise: Kortana FX is highly regarded in the high-frequency trading (HFT) sector.
- Effective Trading Tools: Users find the Easy Funded MT5 bot very effective for passing challenges.
- Customer Support: Kortana FX’s customer support receives praise for resolving account credential and MT4 issues.
- Quick Payouts: Many users report fast withdrawals and timely payouts.
- Flexible IP Trading: The ability to trade from multiple IPs is seen as a convenient and beneficial feature.
- Scam Allegations: Many users accuse Kortana FX of fraudulent behavior, including sudden account bans and invalid account status without clear reasons.
- Payout Issues: Users report denial of payouts due to rule breaches like the “stacking rule” and IP address problems, even when they believed they followed the rules.
- Customer Service Issues: Significant complaints about the lack of human assistance and the unavailability of live chat options are mentioned.
- IP Address Problems: Frequent complaints about IP address breaches, especially from users on mobile networks or multiple devices, are noted.
- Legal Considerations: Some users consider or pursue legal action due to perceived fraudulent activities by the firm.
Kortana FAQ Section
Kortana Prime is a VIP program that rewards exceptional trading skills. It represents the highest tier for traders, offering top-notch trading conditions in the industry, including 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 exceptions are reviewed individually.
Using a stop loss for each trade is not mandatory but is strongly recommended for risk management.
Traders use simulated funded accounts after passing 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 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.
Due to the unique nature of accepting HFT and enabling quick funding, a maximum payout limit is introduced to maintain sustainability. The maximum profit and payout one can receive is 7% of the starting account balance. This aims to prevent gambling-like behaviors, such as using 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.
Payouts are sent over the ETH blockchain, which can incur high gas fees. Therefore, a 2% fee is charged on trader withdrawals, automatically deducted from the payment.
If 60 days or more pass without logging in or executing a trading transaction, the account will be permanently deactivated.
All trading with Kortana takes place on demo accounts. Trades can be analyzed and potentially copied over to live capital at the firm’s discretion.
