The site is managed by Prosperity Peak Investments LTD, which is registered in St. Lucia. It is worth noting that the firm promises clients to provide access to a secure terminal and favorable trading conditions. However, the intermediary does not disclose any information about the history of the project and its founders, the availability of a license, and the address of the head office.

Will you get reliable trading services? You will find out it from our Korata review, and we will also check the broker’s important documents and technical parameters of the platform.

How to Trade

The firm provides clients with a WebTrader platform with basic features and over 500 assets in the form of CFDs. You will find the following offers on this website:

  • Six traditional account types with minimum deposits of $500-$500,000.
  • Islamic account with deposits starting from $5,000.
  • Additional services for tariffs from $50,000.

All trading conditions are non-specific, except for leverage – up to 1:500. Korata mentions segregated accounts, but does not specify in which banks hold them..

The company warns that additional documents may appear at any moment, the requirements of which the client must immediately fulfill. Otherwise, the user’s account may be blocked (clause 8.8 of the Terms of Use).

All clients can use the market news feed, economic calendar, trading hours, and expiry calendar.

Korata Vital Info

According to legal information, the management firm is based in St. Lucia. Although the period of activity of the company is not indicated on the website, we can determine it from the registration number 2023-00241 – that is, 2023. In addition, the domain created in 2020 was renewed in August 2023. Most likely, the broker started operating exactly from August 2023, i.e. less than a year ago.

We checked the registry of legal entities registered in St. Lucia and found Prosperity Peak Investments LTD on it. Meanwhile, we were unable to confirm or deny the fact that it is this brand that runs Judging by the different names of the domain and the company, the connection between them is not obvious. If the broker has nothing to hide, why is there no confirming information about registration and license on its official website? This is strange for a financial organization that actively attracts clients to its project.


What are the key facts about Korata?

The company listed as managing the site was established in 2023. The broker does not disclose whether the project has a license. The site does not provide the legal address of its owner, and there is no documentary proof that the domain is owned or managed by Prosperity Peak Investments LTD.

What's the risk to my wallet when working with this broker?

The company is registered in an offshore jurisdiction and it does not have a license to provide brokerage services. Your funds invested in this project can be blocked at any time. You risk your capital even more by trading CFDs with huge leverage. The regulatory body will not protect you.

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