Kortana is a new and innovative proprietary trading firm established in 2023 and based in Dubai, U.A.E.
They offer traders substantial capital to trade in various financial instruments, including Forex, Indices, Metals, and Crypto.
Kortana stands out for its flexible trading conditions, 1-step challenge, competitive profit splits, and the ability to manage up to $200,000 in trading capital.
With a commitment to excellent customer support and a range of trading platforms like MT4, MT5, and cTrader, Kortana aims to be a top choice for both novice and experienced traders.
Want to test your skills on one of their challenges? Click here!
Coupon Code for Kortana Prop Firm
Kortana is offering a special promotion: Get 27% off all challenges until May 31 when you pay with cryptocurrency. Use the code: MAY27 at checkout.
About Kortana Prop Firm: An Overview
Company Name of Kortana
The official name of the company is Kortana.
Address Details of Kortana Prop Firm
The company is located at Suite #903, Al Serkal 2, Port Saeed, Deira, Dubai, U.A.E.
Founding Year of Kortana Prop Firm
Kortana was established in 2023.
Kortana Prop Firm’s Registration Location
The company is registered in the United Arab Emirates.
Who Owns Kortana Prop Firm?
The owners of Kortana are Jared Esguerra and Kevin Cardona.
Trading Platforms at Kortana Prop Firm
Kortana provides access to three popular trading platforms: MT4, MT5, and cTrader. These platforms are renowned for their user-friendly interfaces, advanced charting tools, and a wide range of technical indicators, catering to both beginner and professional traders.
Instruments Available with Kortana Prop Firm
Kortana offers a diverse range of trading instruments, including Forex, Indices, Metals, and Cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of different market opportunities.
How to Make Payments at Kortana Prop Firm
Kortana accepts payments via Debit/Credit Card and Cryptocurrency. For withdrawals, they support USDT (Tether) only. This flexibility ensures that traders can easily fund their accounts and withdraw profits in a secure and convenient manner.
Account Sizes Available at Kortana Prop Firm
Kortana offers a range of account sizes to suit different trading needs:
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
This allows traders to choose an account size that aligns with their trading strategy and risk tolerance.
Profit Splits in Kortana Prop Firm
Kortana has a progressive profit split structure:
- 1st payout: 50%
- 2nd payout: 70%
- 3rd payout: 80%
- 4th payout: 90%
This incentivizes traders to stay with the firm and perform consistently, as their share of profits increases with each subsequent payout.
Profit Targets for Kortana Prop Firm
Kortana sets an 8% profit target for traders to achieve during their challenges. Meeting this target is necessary to qualify for a funded account and start earning profit splits.
Maximum Daily Drawdown and Loss 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.
Minimum/Maximum Trading Days Required at Kortana Prop Firm
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.
Steps Available
Kortana offers a straightforward 1-step challenge. Traders need to meet the specified profit target and adhere to the risk management rules to qualify for a funded account.
Pricing for Kortana Prop Firm Challenge
The cost to start the 1-step challenge at Kortana varies based 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 potential for significant trading capital.
Commissions and Fees at Kortana Prop Firm
Kortana charges a commission of $7 per lot traded. This fee applies to all trades and is an important consideration for traders when planning their strategies.
Kortana Prop Firm: Refund Policies
At the time of writing, Kortana does not offer any refundable fees. All challenge fees are non-refundable.
Trial Offers 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.
Payout Schedules of Kortana Prop Firm
Kortana’s payout schedule is designed to reward 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)
- Users have found the Easy Funded MT5 bot to be highly effective, helping them pass challenges more easily.
- Multiple reviews praise Kortana FX’s customer support for helping users resolve issues with account credentials and MT4 problems.
- Positive experiences with fast withdrawals and timely payouts are highlighted.
- Kortana FX is recognized as one of the best prop firms in the high-frequency trading (HFT) industry.
- The firm offers the ability to trade from multiple IPs, which is seen as a convenient feature.
- Several users reported denial of payouts due to various rule breaches such as the “stacking rule” and IP address issues, even when they believed they followed the rules.
- There are significant complaints about the lack of responsive human assistance and the closure of live chat options.
- Many users have accused Kortana FX of being a scam, citing problems like sudden account bans and invalid account status without clear reasons.
- Frequent complaints about IP address breaches, especially from users who trade from mobile networks or multiple devices.
- Some users mentioned that they are considering or pursuing legal action due to what they perceive as fraudulent activities by the firm.
Kortana FAQ Section
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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