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Review of the Kortex broker - reviews of the platform, draining instead of earning
Kortex Limited is a company that presents itself as a licensed online CFD and FX broker. According to statements by the project organizers, it is registered in the jurisdiction of Cyprus. However, there is no information about the inclusion of the company in the register and about the availability of a license to carry out its activities. This fact may cause some concern and skepticism among potential clients who are looking for a secure intermediary.
|Year of foundation
|Regulation and jurisdiction
+7 812 209 30 89
- Wide range of financial instruments
- Convenient trading platforms
- Limited license and regulatory information
- High minimum deposit
- Lack of detailed data on commissions
WebTerminal, Mobile App
|Types of accounts
Basic, Bronze, Silver, Gold, Platinum
Bank of Transfer, online-wallets, cryptocurrency
Floating, from 0 pips
Forex, CFD, cryptocurrency, stocks
|Margin Call/Stop out
Operating rules of the broker Kortex
Broker Kortex offers various terms of cooperation to meet the needs of different traders. Here are the main points to consider when considering working with this broker.
There are several trading accounts registered on the site:
- The Basic level provides the opportunity to start trading with a minimum entry threshold of $200. The spread is 3 pips and the trade size is 0.01 lot. Clients at this level have access to consultations and training.
- At the Bronze level, a deposit of $1,000 is required, and the spread is reduced to 2 points. The minimum transaction size increases to 0.1 lot. Clients at this level receive additional benefits such as consultations and training.
- The Silver account requires a starting investment of $5,000 and has a spread of 1.7 pips. Clients at this level have access to dealer mode, two weeks of training and deposit protection.
- At the “Gold” level, the initial capital is from $10,000, and the minimum transaction size increases to 1 lot. Clients receive consultations up to 4 times a week, access to dealer mode, PAMM account and personalized trading strategies.
- The Platinum account requires a minimum deposit of $50,000 and has a spread of 1 pip. The transaction size increases to 5 lots. Traders at this level are guaranteed the ability to open trades in real time, access to a PAMM account, personalized daily market analysis and leverage for cryptocurrency trading of 1:5.
When withdrawing funds from a company, there are several rules that are worth considering:
- Traders have the option to make a deposit via cards or via bank transfer. When paying by card, customers are redirected to a website where they are asked to purchase cryptocurrency, which can then be deposited into their account. It is important to note that such a payment is irreversible. Bank transfers are also considered final.
- The broker does not provide specific commission information on its website. For detailed information about commissions and how they are calculated, it is recommended to contact the company representatives or read the terms and conditions.
- Takes measures to make refunds impossible.
- Offers leverage up to 1:200 for all clients. This means that clients can use up to 200 times their deposit for trading. However, it should be remembered that high leverage can increase risk and losses for retail traders.
When choosing Kortex, potential clients are advised to familiarize themselves in more detail with the payment rules, commission amounts and other important conditions in order to make an informed decision about cooperation with this company.
Broker license and regulators – reliability and transparency of the platform
Kortex Limited, in accordance with the information indicated on the website, is registered in Cyprus. This financial and legal location implies a predominantly favorable regulatory environment, as Cyprus is a popular destination for financial services companies and brokers. However, it is important to note that the Kortex website lacks detailed registration and licensing information, which may cause some concern for customers seeking transparency and authenticity.
Cooperation with a dealer can be dangerous for a trader. One of the main aspects is the lack of detailed information about the company’s license and regulation. This raises questions about transparency and security as it impacts the protection of customer interests. Don’t forget about the high minimum deposit and the lack of detailed information about commissions. A high minimum deposit can limit access for traders with limited capital, and a lack of information about fees makes it difficult to estimate the full cost of trading on the platform.
What do clients write about the platform?
User reviews play an important role in the decision-making process about cooperation with a particular company. They provide valuable information about the quality of service, reliability and professionalism of the products or services offered. In the case of the Kortex broker, we will analyze some of the comments provided to get a better understanding of the reputation of their services.
Andrey says that he was offered to invest in shares of global companies by the manager of the Kortex company, and he decided to take a risk by investing the initial $200 and subsequently replenished his account. According to him, the trading terminal does not meet the declared characteristics, and he believes that the company operates on a “kitchen” basis, without conducting transactions on the market. The trader notes that although he was able to make a profit virtually, he was refused payment several times. This review raises concerns about the company’s professionalism, especially regarding their trading terminal and order processing.
Pavel accuses the company of fraud and claims that they are deceiving their clients by providing them with false recommendations and contributing to the loss of funds. He claims that he himself lost about $600 and was unable to get his money back because he made the deposit through a cryptocurrency wallet and was not able to use the chargeback procedure.
Both comments indicate a negative customer experience with the broker. These circumstances raise serious questions about the transparency and ethics of the project. Despite the negative reviews about Kortex, it is still worth independently analyzing the project’s activities and the risks associated with it.
Conclusions about the broker’s work
After reviewing the activities of the Kortex broker and analyzing the data, we can make a verdict that you should start working on this platform with caution. Despite a number of positive aspects, there are problems that can affect the trading experience and results:
One of the main concerns is the lack of detailed information about the license and the regulators that oversee the company’s operations.
It’s also worth noting that Kortex’s terms and conditions and fees are not presented in sufficient detail on their website.
Moreover, the high minimum deposit and the offered leverage of up to 1:200 also raise certain questions regarding security and protection of customer interests.
Traders are advised to be cautious and consider alternative options with more reliable and transparent brokers.
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Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all the reviews about Kortex on the company’s official website.
Register on the Rating Forex website – it is free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about Kortex can be found here.
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