Kortana FX was a prop trading firm known for supporting traders with high-frequency trading (HFT) strategies. They offered a unique, one-step challenge where traders could access up to $200,000 in capital with the potential to scale up to $3,000,000. While Kortana FX has since closed its doors, it left a lasting mark on the trading community, particularly for those looking for quick, transparent funding with advanced trading technologies.
Kortana FX offered traders a One-Phase Challenge, designed to provide quick access to a funded account. They did not offer free trials, and copy trading was disallowed, ensuring traders developed their own skills.
Kortana FX had an impressive scaling plan for traders who met their targets. Traders could grow their accounts by 25% every 90 days, provided they achieved 12% profit over the period, with the ultimate goal of scaling up to $3,000,000.
Spreads:
Kortana FX was known for low commissions and spreads, catering especially to HFT traders.
News Trading Rules:
Traders could trade during news events during the evaluation phase, but profits from red folder news events did not count once funded.
Kortana FX used an Equity-Based Drawdown method, which allowed flexibility but required careful risk management as the daily drawdown limit can increase and decrease based on the account size..
The firm did not accept traders from countries such as the USA, UAE, Cuba, and others, enforcing strict rules on which regions could participate.
Kortana FX did not tolerate gambling-like strategies. They had strict measures against strategies like grid trading or martingale, ensuring their traders followed responsible trading practices.
Kortana FX enforced strict IP consistency rules. Multiple IP addresses logging into a single account could result in a fraud flag. Traders operating from the same location were required to use a VPN.
Withdrawals at Kortana FX were done exclusively through crypto, with 7-day payout windows following each successful evaluation.
Kortana FX kept trading costs low, making it an ideal choice for high-frequency traders. They maintained low commissions and tight spreads, ensuring traders could execute their strategies effectively.