KortanaFX prop firm offers funded account challenges and advertises itself as a prop firm that offers HFT-friendly conditions. HFT or high-frequency trading is a term used for super fast trading algorithms that are operated by large companies and not retailers. Therefore, this is a major red flag with the firm. Retailers often use scalping strategies, which are nowhere near the HFT speed and costs. The funded options range from 10k to 200k. Traders can access the DXTrade platform, which is a dedicated trading software for prop trading. This platform won’t even allow Expert Advisors, so HFT claims are exaggerated by the firm. The pricing starts at 147 USD, which is a bit expensive.
In this unbiased KortanaFX review, we will evaluate the firm’s safety, rules, assets, pricing, platforms, funded options and types, support, and more.
Pros & cons of KortanaFX prop firm
Pros
- Ability to withdraw with $0 fees
- Most payment options are free and instant
- Fast and digital account opening/verification
- MT5 suspended the license for Kortana
- The firm does not offer live chat or phone support.
- Lacks educational resources
Cons
- The DXTrade platform does not allow expert advisors (EAs)
- Does not offer access to MetaTrader 4 or MetaTrader 5
- 50%+ of traders evaluate the firm with 1-star, indicating serious issues and problems
Safety of KortanaFX – 0
There are 0 KortanaFX reviews on the Forex Peace Army (FPA), which is a huge downside. On Trustpilot, the firm has around 3,500 reviews, and 54% of those are 1-star evaluations, indicating serious issues in the firm’s quality of services. Having more than half of your traders evaluating your services as terrible means you are doing something wrong. The firm has been around since 2023, giving it enough time to refine its services. However, it did not do so apparently. The firm is not backed by regulated brokers, which is another major red flag.
The firm gets a 0 score in this section.
KortanaFX Funding and maximum capital allocation – 3
KortanaFX funded programs are not diverse as they lack different options like 2-step and instant accounts. There is only one 1-step account type available, which is a downside. The list of KortanaFX funding options includes 10k, 25k, 50k, 100k, and 200k USD amounts. There are no smaller funded accounts offered for KortanaFX challenges, which is a downside for beginners. The firm also lacks bigger accounts for experienced traders.
KortanaFX scaling plan is not offered, which is a serious downside and a red flag.
As a result of offering a mediocre funded experience, the firm gets a 3 score in this section.
KortanaFX Assets – 2
KortanaFX prop trading is possible by speculating on a few markets. The firm offers access to Forex pairs (majors and minors), commodities (energies and metals), and popular indexes. There are no cryptos offered for trading, which is a downside for crypto enthusiasts. The firm does not offer high leverage, which is also a downside.
Overall, Kortana gets a 2 score in this section for lacking asset classes.
KortanaFX Trading rules and limitations – 1.1
KortanaFX rules are simple and require traders to follow strict rules:
- Profit target – 8%
- Daily loss limit – 5%
- Maximum drawdown – 10%
- Time limits – No limits
The firm does not allow news trading and overnight and weekend holding, which is a serious downside. However, traders are allowed to deploy Expert Advisors (EAs) and trade with automated trading systems, which is flexible.
For having mostly strict rules and requirements, Kortana gets a 1.1 score in this section.
KortanaFX Fees – 2
The pricing at KortanaFX is more on the expensive side. Let’s list all the one-time fees:
- Funded amount: 10,000 USD – One-time fee: 147 USD
- 25k USD – 267 USD
- 50k USD – 397 USD
- 100k USD – 597 USD
- 200k USD – 999 USD
The firm lacks 0 pip accounts, which will make it extremely difficult and impossible to trade profitably using HFT algorithms. Let’s admit that the firm won’t handle HFT algorithms in reality. When it comes to scalping, the firm will only allow for strategies that aim for a 5-minute timeframe and beyond, as spreads will eat most profits if true scalping methods are used.
KortanaFX free trial is not available, which is a serious downside for traders who want to test trading conditions before purchasing their challenge. The KortanaFX free repeat is not offered either, preventing traders from starting over for free when they fail.
Overall, the firm manages to get a 2 score only in this section.
KortanaFX Platforms – 2.1
When it comes to trading platforms, the firm only offers dxTrade. Previously, it was offering MetaTrader 5 as well, but it lost its official license and can not allow for trading anymore, which is a red flag. Mobile trading is available. However, DXTrade won’t allow custom indicators and Expert Advisors (EAs) as it is a young platform and still in a development stage.
Overall, the firm only gets a 2.1 score in this section.
KortanaFX Profit-Sharing – 3
KortanaFX profit split is up to 100%, which is a direct red flag. This is because prop firms should be making their profits by dividing trader’s profits between a trader and the firm.
The firm does not charge commissions for withdrawals, which is flexible. However, withdrawal processing is lengthy, requiring more than 3 working days, which is a big downside.
As a result, the firm only gets a 3 score in this section.
Education and trading tools at KortanaFX – 1
The firm falls short in education as well. It does not offer webinars, video guides, or trading courses. There is no trading blog either, which is also a big downside. The platform, DXTrade, has many useful tools incorporated into it. This should allow traders to evaluate their performance.
Overall, the firm only gets a 1 score in this section.
Customer Support at KortanaFX – 1.2
Customer support is critical in prop trading. Kortana does not offer live chat, which is a serious downside. There is no phone support either, which is also a red flag. There is only an email support option offered. The website and support are only available in English and Spanish, which is also a downside.
In the end, the firm gets only a 1.2 score in the support section.
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