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.
Company Information
- Company Name: Kortana FX
- Legal Name: Esro Capital LTD
- Support Email: [email protected]
- Website: kortanafx.com (No longer active)
- Payment Methods: Crypto
- Withdrawal Methods: Crypto
- Banned Countries: USA, UAE, Cuba, Iran, Lebanon, Syria, North Korea, Libya, Russia, Sudan, Somalia, Afghanistan, Iraq, Yemen, Kosovo
Challenge Details at Kortana FX
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.
Pricing for Kortana FX Challenges
- $10,000 Account: $147
- $25,000 Account: $267
- $50,000 Account: $397
- $100,000 Account: $597
- $200,000 Account: $999
Trading Rules
- Profit Target: 8% (One Phase)
- Drawdown: 10%
- Payout Frequency: Every 7 days
- Leverage: Not specified
- Copy Trading: Not allowed
- Min Trading Days: 0
- Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader
Scaling Plan
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 and News Trading Rules
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.
Other Important Rules
Daily Drawdown Calculation
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..
Countries Banned from Purchasing
The firm did not accept traders from countries such as the USA, UAE, Cuba, and others, enforcing strict rules on which regions could participate.
Gambling Rules
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.
Prohibited Trading Strategies
- Copy Trading: Traders could not use signals, group trading, or copy trading.
- Hedging Across Accounts: While hedging within a single account was allowed, it was prohibited across multiple accounts.
- Grid Trading: This was typically disallowed unless within their specific guidelines.
- Trade Stacking: Opening more than two trades in the same direction was considered stacking and led to account termination.
IP Rules
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.
Payout Methods
Withdrawals at Kortana FX were done exclusively through crypto, with 7-day payout windows following each successful evaluation.
Trading Commissions
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.
