Kortana Reviews

What is Kortana?

Through its funding program, Kortana, a trading company, provides access to funds for trading on the currency market. Traders can go quickly to the funded stage because the review procedure is simple and has no time limit. The funding program gives traders flexibility and options by offering a selection of account sizes at different rates. The trader’s self-assurance, background, and account funding capabilities are critical components of success.

Situated in Al Serkal 2, Port Saeed, Deira Dubai, UAE, is the company’s headquarters. The official website does not provide ownership information; however, it is implied to be based in Dubai, United Arab Emirates, suggesting that it might be locally owned.

Competitive profit-sharing plans are provided by Kortana to increase the potential earnings in the forex market. The company is committed to enabling traders to turn their abilities into profitable ventures. Kortana assists traders in becoming successful on the platform by providing them with easy-to-understand trading guidelines.

Kortana Funding Programs and Challenges: Rules and Requirements 

Profit Targets: 

• During the single-face evaluation, an initial profit objective of 8% was defined.
• In the funded account stage, there is no profit target; traders are free to choose their own goals.
• For an account to be financed, the profit target must be met.

Maximum Trading Period: 

• There is no time limit on trading; as long as rules are followed, traders are free to use the firm’s funds.
• enables traders to aim for success and create personal objectives.

Minimum Trading Days: 

• There is no minimum trading time needed, which allows for a quick transition to the funded stage.
• Proficient traders can quickly succeed on the site.

Trading Leverage: 

• The Kortana program offers a maximum leverage of 1:100.

Maximum Daily Loss:

• The daily loss cap is set at 5% of the initial account amount.
• A $10,000 account size, for instance, caps daily losses at $500.

Maximum Overall Loss:

• The maximum amount that can be lost is 10% of the initial balance of the account.
• For example, an account amount of $10,000 restricts total loss to $1,000.

Weekend Holding: 

• Allows for trading and position holding on the weekends and overnight.
• It allows for freedom and flexibility when trading.

News Trading: 

• Permits news trading as long as it complies with the platform’s trading guidelines.

Profit Share: 

• 50% of total profits is the default profit aim, with a 100% increase possible.
• One of the highest-paying prop companies in the forex industry is Kortana because of its attractive profit-sharing plan.

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific period.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria aims, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

– Profit targets: A predetermined proportion of the account balance that traders must meet.

– Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.

– Minimum trading days: The number of active trading days required throughout the challenge period.

– Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

Kortana Broker: Do They Use a Reliable Platform? 

Kortana offers a seamless trading experience with its MT4 or MT5 platforms and a high-quality Multi-Asset Broker. This platform guarantees 100% True straight-through (ST) execution across a wide range of more than 300 instruments. This extensive assortment encompasses foreign exchange, metals, indices, stocks, and other related assets.

Engaging in trading activities on Kortana through MT4 or MT5 platforms with a prominent broker ensures a seamless and effective trading encounter. True ST execution enables traders to efficiently and precisely execute orders, minimizing latency and eliminating the need for manual intervention. This ensures that trades are performed at the most favorable pricing currently accessible in the market.

In summary, engaging in trading activities on Kortana using MT4 or MT5 platforms through a prominent Multi-Asset Broker provides traders with a comprehensive and effective trading encounter, distinguished by attaining 100% True ST execution across a wide array of financial instruments. By utilizing robust trading platforms, a wide range of asset classes, and dependable assistance, traders can effectively and confidently navigate the markets, hence optimizing their chances of achieving success.

Kortana Fees: How Much Do They Charge? 

Traders must pay an initial charge determined by the account size they choose to trade on when they opt to sign up for Kortana. The platform provides a range of account sizes, each with an associated cost. 

$10,000 for $139, $25,000 for $249, $50,000 for $379, $100,000 for $575, and $200,000 for $999 are the account sizes. Kortana will promptly execute their transaction after traders make the payment, finishing it in a day or less. Following that, they will receive an email with account login credentials, enabling them to begin trading on the site.

Therefore, Forex prop trading fees refer to the costs associated with participating in a proprietary (prop) trading firm’s program, particularly those that offer traders the opportunity to trade the firm’s capital. These fees are a critical aspect of the business model for many forex prop firms, especially those that run challenge or evaluation programs to vet potential traders. Here’s a breakdown of the types of fees that traders might encounter:

1. Challenge Fees

These are upfront fees paid by traders to enter into a trading challenge or evaluation program. The challenge is essentially a test that evaluates a trader’s ability to generate profits while adhering to specific risk management rules. If successful, the trader is usually offered the opportunity to trade with the firm’s money. Challenge fees can vary significantly depending on the firm, the size of the demo account provided for the challenge, and the complexity of the challenge itself.

2. Account Setup or Administration Fees

Some prop firms may charge a one-time setup fee for creating and managing a trader’s account. This fee might cover the administrative costs associated with setting up the trading infrastructure, account monitoring, and other backend services necessary for the trader to begin trading.

3. Monthly Desk Fees

Desk fees are akin to rental fees for the physical or virtual space and resources (like software, data feeds, and trading tools) provided by the prop firm. While more common in traditional prop firms that offer physical trading desks, some online forex prop firms might also charge a monthly fee for access to premium trading platforms or tools.

4. Profit Split

While not a fee per se, the profit split arrangement is a significant financial consideration in prop trading. After successfully passing a challenge, traders are allowed to trade with the firm’s capital, and any profits generated are split between the trader and the firm according to a predetermined ratio. Common splits might be 70/30 or 80/20, favoring the trader. It’s essential to understand the profit split terms as they directly affect the trader’s potential earnings.

5. Software or Data Fees

In some cases, traders might need to pay additional fees for access to specialized trading software, real-time data feeds, or analytical tools that are not included in the basic package offered by the prop firm.

6. Education or Training Fees

Some prop firms offer educational courses, mentoring programs, or trading workshops. These might be optional or required parts of the trading program, with fees varying widely based on the content’s depth and duration.

Key Considerations

– Value for Money: Traders must assess whether the fees charged by a prop firm offer good value for the services provided, especially in terms of the trading capital access, technology, and support offered.

– Transparency: Reputable prop firms are transparent about their fee structure, with no hidden charges. Traders should thoroughly review all terms and conditions before committing.

– Risk: While paying fees for a chance to trade with significantly more capital can be appealing, traders should consider the risk of not passing the challenge and the potential loss of the fee paid.

Forex prop trading offers a unique opportunity for traders to leverage more substantial capital than they might otherwise access. However, understanding the fee structure is crucial to making an informed decision about which prop firm to engage with.

Kortana Proof of Payment:

Kortana’s payout mechanism is subject to specific requirements. First and foremost, traders need to make sure their account balance is more than the initial capital and trade on the platform for at least 21 days. 

This clause suggests that traders need to accumulate earnings they plan to take off the platform. There must be no open trades on the platform while starting a withdrawal, as this stops the process instantly. 

A withdrawal request submitted through the platform will normally be processed in a span of 24 to 48 hours. The monies are then sent by the corporation to the trader’s associated account on the platform.

Kortana Customer Support: 

The live chat feature of Kortana is available every day from 9 am to 6 pm EST. All they have to do is click the symbol in the lower right corner of the screen to get to it. Traders can easily leave messages at any time, and agents will swiftly reply through email. Dubai Silicon Oasis, DDP Building A1, Dubai, United Arab Emirates is the address of the company’s office. Kortana (webflow.io) is the official website of the firm. 

What Makes Kortana Unique? 

Kortana depends on Blueberry Market as a dependable broker, which guarantees the protection of all trades and money throughout traders’ travels. As a dependable partner in helping traders reach their trading objectives, Blueberry Market is dedicated to putting their achievements in the forex market first.

Kortana Reviews: What Do Their Customers Say?

Trustpilot has given Kortana a rating of 4.0 out of 5 stars and has received 2,426 client reviews.  

#1. Muhammad Azeem Rashid reported that he had gotten his first reimbursement in as short a time as possible just 72 hours. He bought a tiny account since he had some reservations about Kortana; but, after receiving this dividend, all of his reservations are gone, and he plans to buy a 200k account shortly. Regards, Kortana

#2. According to Nawras Sawan, he received a tiny payout of $700 in his first settlement, therefore he is unsure of their reliability at this time. awaiting his upcoming, larger dividends on two distinct accounts first. He ensured that he has never broken any of their stringent guidelines, so he should be safe even if the 120-second limit prevents 1-2 trades from being counted.

#3. Gladys Cid, Mercedes Cid said, “Hello, he purchased a 25K account with a 25% discount yesterday. However, he discovered that the money he was supposed to receive did not arrive in full; only 174 USDT was sent, while the account was worth 186 USDT.” He wants to find a quick solution to this issue and has access to all the purchase and transaction data.

#4. The client reports that he had a small issue yesterday. suspended me while he was engaged in a trade and accused me of making fraudulent transactions (they used the incorrect wallet address). They can envision what occurs thereafter, though. They have not lifted the suspension, apologized, or offered him any sort of compensation for the hardship, even after it was established through verification that the wallet in question is not his. Kortanafx’s reputation is eroding. I’m annoyed by its delayed response as well.

#5. According to Maryam Shahinmehr, this prop has engaged in numerous scam-like activities. A few days ago, he asked to be paid, but last week, he received an email informing him that the rules had changed! for us to issue the payout! Without prior notice, they altered the consistency standards from a 50% final profit share to a 33% share. They refused to pay him after he traded for a month. a fraud similar to immoral and illegal actions.

Conclusion

With its extensive funding program, Kortana gives dealers access to trading capital on the foreign exchange market. With no time limits and a streamlined approval process, traders can go swiftly to the funded level. The program emphasizes the value of trader confidence, expertise, and account funding capacities for success by offering flexibility with different account sizes at varied rates.

Kortana offers traders competitive profit-sharing plans and clear trading rules to assist them optimize their profits in the forex market.

However, there are a few guidelines and conditions for Kortana’s funding program, including leverage restrictions, trading period flexibility, and profit targets. While traders are free to keep trades over the weekend and participate in news trading within policy restrictions, they are also required to abide by certain guidelines, including maximum daily and overall loss limits.

In addition, there are fees associated with joining Kortana, such as challenge fees, account setup fees, and possible profit splits. Traders need to weigh these expenses carefully against the advantages of having access to significant trading funds and other resources that the company provides.

Additionally, traders must fulfill trade duration restrictions and account balance thresholds for Kortana to allow payouts depending on particular criteria. The customer support team of the organization responds to queries promptly through live chat during designated hours, thereby augmenting the overall trading experience.

By collaborating with Blueberry Market to protect trade and capital while putting traders’ success in the FX market first, Kortana sets itself apart from the competition. This special partnership demonstrates Kortana’s dedication to giving its customers a safe and encouraging trade environment.