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KortanaFX Review 2024

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KortanaFX Review 2024
100% Profit Split$7 Commission Per LotEAs and News Trading
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:KortanaFX
Founded:2023
Headquarter:Dubai
Min Price:$147
Max Fund:$200,000
Challenges:1
About
KortanaFX is a Dubai-based prop trading firm offering traders 100% profit splits, flexible conditions, and up to $200,000 in capital. This review covers their features, pros and cons, and key details for potential users.
Contact
Suite #903, Al Serkal 2, Port Saeed, Deira Dubai U.A.E.
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
Allows Use of Trading Copiers/EAs
One-Step Evaluation Process
High Profit Share Potential (Up To 100%)
Fast Payouts for Kortana Prime Members Unlimited Trading Flexibility
Competitive Spreads and Leverage
Cons
Geographical Restrictions on Trading Relatively New Company (Established In 2023)
No Free Trial or Refundable Fees
Low Funding Cap Compared to Other Prop Firms

KortanaFX is a prop trading firm that offers 100% profit splits, flexible trading conditions, and the potential to manage up to $200,000 in trading capital.

It's an innovative proprietary trading firm based in Dubai, UAE. In this article “Kortana FX review”, we'll dive deep into what they offer, its pros and cons, and everything you need to know before signing up.

KortanaFX Prop Firm Company Overview

KortanaFX
KortanaFX is a prop firm that start its work in 2023

KortanaFX is a proprietary trading firm that provides traders with access to substantial simulated capital to trade various financial instruments. KortanaFX Features:

  • Founded in 2023 and based in Dubai, UAE
  • Offers simulated funded accounts ranging from $10,000 to $200,000
  • Provides access to trade forex, indices, metals, and cryptocurrencies
  • Supports popular trading platforms like cTrader and DXTrade
  • Unique profit-sharing model with up to 100% profit retention for traders
  • One-step evaluation process with specific profit and drawdown targets
  • Trading conditions include leverage up to 1:100 and competitive spreads
  • Allows algorithmic and high-frequency trading strategies
  • Offers a VIP "Prime" program for exceptional traders

KortanaFX stands out for its trader-friendly approach, transparent rules, and commitment to helping traders develop their skills and strategies in the financial markets.

Summary of Specifications

To give you a quick overview of what KortanaFX offers, here's a summary of its key specifications:

Account Currency

USD

Minimum Price

$147

Maximum Leverage

1:100

Maximum Profit Split

100%

Instruments

Forex, Crypto, Metals, Indices

Assets

+40

Evaluation Steps

1

Trading Platform

cTrader, MT5, DXTrade, Trade Locker

Withdrawal Methods

Cryptocurrencies, Credit/Debit Cards

Maximum Fund Size

$200,000

First Profit Target

8%

Maximum Daily Loss

5%

Challenge Time Limit

Unlimited

News Trading

Yes

Maximum Total Drawdown

10%

Commission Per Round Lot

$7 Per Lot Traded

Trust Pilot Score

2.6 Out of 5

Payout Frequency

Weekly

Established Country

UAE

Established Year

2023

Pros & Cons

Let's take a look at the advantages and disadvantages of trading with this prop firm; KortanaFX Advantages and Disadvantages:

Pros

Cons

High Profit Share Potential (Up To 100%)

Low Funding Cap Compared to Other Prop Firms

Fast Payouts for Kortana Prime Members

Unlimited Trading Flexibility

Geographical Restrictions on Trading

Relatively New Company (Established In 2023)

Allows Use of Trading Copiers/EAs

No Free Trial or Refundable Fees

One-Step Evaluation Process

Competitive Spreads and Leverage

While KortanaFX offers many attractive features, it's important to consider both the pros and cons before deciding if it's the right prop firm for you.

KortanaFX Funding & Price

KortanaFX Fundings
KortanaFX Account Sizes

In Kortana FX review, we noticed that this company offers only one challenge, and that challenge comes in different sizes. Here's a breakdown of their funding options and associated costs:

  • $10,000: $147 one-time fee;
  • $25,000: $267 one-time fee;
  • $50,000: $397 one-time fee;
  • $100,000: $597 one-time fee;
  • $200,000: $999 one-time fee.

KortanaFX Prop Firm Challenge

Kortana FX has considered only one challenge for traders: a single-step challenge. KortanaFX challenge:

Specifics

KortanaFX 1 Step Challenge

Profit Target

8%

Maximum Daily Loss

5%

Maximum Loss

10%

Profit Split

Up to 1000%

EA Trading

Allowed

Trading Period

Unlimited

The evaluation process is designed to test traders' skills, risk management, and ability to generate consistent profits. It's important to note that the same rules apply to all account sizes, ensuring a fair evaluation process for all traders.

Does KortanaFX offers Bonus and Discount Codes?

As of the latest information available, KortanaFX does not offer any specific bonuses or discounts to its traders. The company focuses on providing competitive trading conditions, high profit splits, and the opportunity to manage substantial simulated capital.

Instruments & Symbols

KortanaFX provides the possibility of trading in 4 markets to bring the right variety to traders. KortanaFX Prop Firm Assets:

  • Forex: Major currency pairs (e.g., EUR/USD, GBP/USD, USD/JPY) and Minor and exotic pairs;
  • Indices: Major global stock indices (e.g., S&P 500, NASDAQ, FTSE 100) plus regional indices;
  • Metals: Gold (XAU/USD), Silver (XAG/USD);
  • Cryptocurrencies: Bitcoin (BTC/USD), Ethereum (ETH/USD) and Other popular cryptocurrencies.

KortanaFX Payment Methods

KortanaFX offers a variety of payment methods to accommodate traders from different regions:

  • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT);
  • Credit/Debit Cards: Visa, MasterCard, Discover.

The availability of both traditional payment methods and cryptocurrencies provides flexibility for traders when funding their accounts or receiving payouts. It's worth noting that payouts are typically made in cryptocurrency (USDT) to ensure fast and efficient transactions.

Commission & Costs

In our KortanaFX review, we found that the company charges various commissions for trades, including:

Commission Type

Description

Challenge Fee

Ranges From $147 To $999, Depending on The Account Size

Trading Commission

$7 Per Lot Traded

Spreads

Competitive Spreads, Varying by Instrument and Market Conditions

Withdrawal Fee

2% Fee on Profit Withdrawals

Overnight Fees

May Apply for Positions Held Overnight, Varying by Instrument

It's important to factor in these costs when developing your trading strategy and calculating potential profits. While the $7 per lot commission might seem high, it's offset by the high profit splits offered by KortanaFX.

KortanaFX Prop Firm Trust Scores

KortanaFX Trustpilot
KortanaFX Trust Score in Trustpilot

KortanaFX's Trustpilot score of 2.6 out of 5 indicates mixed reviews from users. Here's a breakdown of the key points:

Positive Aspects:

  • Some users report positive experiences with the trading platform;
  • Favorable reviews of the Easy Funded MT5 service;
  • Appreciation for the company's innovative approach to prop trading.

Negative Aspects:

  • Reports of payout issues and delays;
  • Concerns about the company's reliability and transparency;
  • Difficulties in contacting customer support;
  • Some users label the company as potentially unreliable.

Another noteworthy point is that there is no score of this company in other review sites such as PropFirmMatch and Reviews.io.

Support: Contact Hours + Contact Methods

KortanaFX Support
KortanaFX is not available 24/7

KortanaFX offers customer support through two main channels:

  • Live Chat: Available on their website for real-time assistance;
  • Ticket System: For more complex inquiries or issues requiring detailed follow-up.

In addition to very few communication channels, Kortana FX does not offer 24/7 support! To contact them, you can send messages every day from 9 am to 6 pm.

KortanaFX Social Media Channels

KortanaFX maintains an active presence on social media, particularly on:

  • Telegram: https://t.me/kortanafx
  • Instagram: https://www.instagram.com/kortanafx/

Although KortanaFX does not have an account on many social media platforms, but it has an active presence and proper interaction with users on these two platforms.

Trading Finder Expert suggestions

Despite its young age, KortanaFX is an Emirati prop firm that serves more than 72,000 traders. In this company, up to 100% of the profit is assigned to the trader, and withdrawals are made weekly.

On the other hand, one of the disadvantages of this prop is the non-return of the purchase cost of the challenge. In the end, the choice is yours. After reading the “Kortana FX Review” article, will you use this company's services?

FAQs

Is KortanaFX regulated?

KortanaFX is not explicitly regulated, but operates as a Dubai-based trading service company.

What is the minimum deposit for KortanaFX?

The minimum challenge fee is $147 for a $10,000 account.

Can I use Expert Advisors (EAs) with KortanaFX?

Yes, KortanaFX allows the use of automated trading strategies and EAs.

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