KortanaFX: Innovative Prop Trading Firm
KortanaFX based in Dubai, UAE, offers traders the opportunity to engage in simulated trading with virtual capital up to $200,000.
Company Overview
KortanaFX operates as a prop trading firm, focusing on providing traders with access to simulated funded accounts. The company’s key features include:
- Founded: 2023
- Headquarters: Dubai, UAE
- Trading instruments: Forex, indices, metals, cryptocurrencies
- Platforms: MetaTrader 5, Dxtrade
- Maximum account size: $200,000
- Profit split: Up to 100%
- Evaluation process: One-step challenge
Account Types and Pricing
| Account Size (USD) | Price (USD) |
| 10,000 | 147 |
| 25,000 | 267 |
| 50,000 | 397 |
| 100,000 | 597 |
| 200,000 | 999 |
Challenge Parameters
- Profit target: 8% of initial capital
- Maximum daily drawdown: 5%
- Maximum total drawdown: 10%
- Minimum trading days: None
- Maximum trading days: Unlimited
Traders must adhere to these rules during the evaluation phase to qualify for a simulated funded account.
Evaluation Process
KortanaFX implements a one-step evaluation process, streamlining the path to a simulated funded account:
- Select account size and pay the fee
- Receive login credentials for the trading platform
- Complete the trading challenge within the specified parameters
- Upon successful completion, gain access to a simulated funded account
Trading Conditions
KortanaFX provides competitive trading conditions for both the evaluation and simulated funded accounts:
- Instruments: Forex, indices, metals, cryptocurrencies
- Leverage: Up to 1:100
- Spreads: Competitive, market-dependent
- Commissions: $7 per lot traded
- Platforms: MetaTrader 5, cTrader
- Algo trading: Allowed, including high-frequency trading (HFT)
- Holding positions: Overnight and over weekends permitted
- News trading: Allowed
- Hedging: Permitted
- Scalping: Allowed
These conditions apply to both the evaluation challenge and simulated funded accounts, ensuring consistency in trading experience.
Payout Schedule and Rules
Traders on simulated funded accounts can request payouts according to the following schedule:
- First and second payouts: Available within 21 days from the first trade in a new trading period
- Third and subsequent payouts: Available within 14 days from the first trade in a new trading period
Additional payout rules:
- Minimum trading days for payout eligibility: 5 days
- Maximum payout cap: 7% of the initial account balance per payout
- Payout method: Cryptocurrency (USDT)
- Withdrawal fee: 2% of the payout amount
KortanaFX Prime Program
KortanaFX offers an exclusive VIP program called KortanaFX Prime for exceptional traders:
- Eligibility: Achieve 4 successful payouts
- Benefits:
- 100% profit split
- 7-day payouts
- Raw spreads
- Dedicated account manager
- VIP access to Kortana events and trips
EA traders are generally not eligible for KortanaFX Prime, but exceptions may be considered on a case-by-case basis.
Trading Rules and Restrictions
To maintain fairness and integrity, KortanaFX enforces the following rules:
- No simultaneous trading on multiple Kortana accounts
- Adherence to maximum drawdown limits
- Compliance with anti-manipulation policies
- Respect for maximum payout caps
- Avoidance of prohibited trading practices, including:
- Exploiting price latencies or errors
- Trading with external or delayed data feeds
- Engaging in any form of market manipulation
- Violating the terms and conditions of KortanaFX or the trading platform
Violation of these rules may result in account termination or disqualification from the program.
Account Funding and Withdrawals
- Account funding: One-time fee payment for the evaluation challenge
- Withdrawal method: Cryptocurrency (USDT)
- Withdrawal processing time: Typically within 24-48 hours
- Withdrawal fee: 2% of the payout amount
Customer Support
KortanaFX provides customer support through multiple channels:
- Email: [email protected]
- Live chat: Available on the website during business hours
- Client area: Access to account information and support tickets
Support is available for technical issues, account inquiries, and general questions about the program.
Risk Disclosure
Trading in financial markets involves substantial risk. KortanaFX reminds users:
- Simulated trading does not involve real capital
- Past performance does not guarantee future results
- Traders should not risk more than they can afford to lose in real market conditions
- Kortana does not provide investment advice or recommendations
Traders are encouraged to educate themselves about market risks and practice responsible trading habits.
User Reviews
While user experiences may vary, here are some positive reviews from KortanaFX users:
- “KortanaFX’s one-step evaluation process is refreshingly straightforward. I appreciated the clear rules and the ability to trade without time pressure. The profit-sharing structure is also quite attractive.” – Alex T.
- “As an algo trader, I found KortanaFX’s HFT-friendly approach to be a significant advantage. The platform stability and execution speed have been excellent for my trading style.” – Sarah K.
- “The customer support at KortanaFX has been responsive and helpful. When I had questions about payout rules, they provided clear and timely answers. The overall experience has been positive.” – Michael R.
Common Issues and Solutions
Based on user feedback, here are some common issues and potential solutions:
- IP Address Conflicts:
Issue: Some users reported account blocks due to IP address changes.
Solution: Contact support immediately if you plan to trade from a different location or device. KortanaFX may need to whitelist new IP addresses to prevent account restrictions. - Payout Delays:
Issue: Occasional delays in processing payouts have been reported.
Solution: Ensure all trading rules are followed and minimum trading day requirements are met. If delays persist, contact customer support for clarification on the status of your payout request. - Platform Disconnections:
Issue: Some traders experienced unexpected disconnections from the trading platform.
Solution: Check your internet connection stability. If the issue persists, try using a different trading platform and report the problem to KortanaFX technical support.
Preguntas Frecuentes
Yes, you can use multiple devices, but you must inform KortanaFX support in advance to avoid potential IP-related issues. They will guide you on how to safely access your account from different locations or devices.
If you exceed the maximum daily or total drawdown limit, your evaluation or funded account will be automatically closed. You will need to purchase a new evaluation to try again.
To qualify for KortanaFX Prime, you need to achieve 4 successful payouts from your simulated funded account. Keep in mind that EA traders are generally not eligible for this program, although exceptions may be considered on a case-by-case basis.
