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..
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 Korata.com. 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.
A demo account is not provided here, so you will not be able to test the platform without making real investments. This stopped me for a while, however then I still decided to take a chance. It's a good thing that I did so. Korata offers interesting terms of cooperation and observes payment discipline :) you can earn money with them.
Scammers!!! I can't get my money for more than two weeks!
Don't dare to believe korata representatives, if this scam will lead you to anything, it will only lead you to complete bankruptcy! I started trading with a minimum deposit of $500, like many other clients of this fake service. However, as soon as I was verified, $100 was immediately deducted from my account allegedly for deposit insurance. I had to add this amount to my balance. Then I found out that there is a huge commission charged on every order, which destroys any chance of making a profit. In a word, only the broker makes money here.
These scammers were too active in inviting me into the project, so I invested 800 dollars and started working. Then I received a lot of negative reviews online that korata is a fake and they do not pay money to traders. I tried to withdraw 200 usd just to check the service. And indeed, the payment did not go through, as well as all subsequent ones...
I counted on the honesty of this organization and now I can't even get my money from this platform. For me losing €14K was a fatal blow to my budget...
The platform is fake, it has no legal documents, the names of the site creators are unknown, and the contacts are not working. I lost over £3,000 on korata.com, after which I contacted the UK regulator hoping to get help with a refund, but all in vain...
I noticed a gap in the EUR/USD quotes while trading on the Korata platform. My position was open at 1.1150, but due to the gap the quote suddenly increased to 1.1200 and then back to 1.1155. I lost 50 pips due to this gap. I immediately contacted the support team demanding an explanation. Although the operator sent me an answer quickly and part of the money was compensated to me, and the staff told me that it was a technical feature of the platform, but I was not satisfied with the answer... maybe others will be fine, but not me.
I was looking for an opportunity to test new strategies. Korata broker offered quite a lot of tools, but sometimes there were minor technical issues on the platform that interfered with my experiments. I noticed that the order execution algorithms were not always optimal, which led to small losses. In addition, I was withdrawing an amount of $400 and the process took a few days, which was a bit inconvenient for me.
I used the services of Korata broker to start my trading career. The minimum deposit of $100 was acceptable to me. In general, I was pleased with the results, but using a translator is a drawback. This way of communication is not the most comfortable. I had difficulties in communicating with the support team because of the non-ideal translation. I noticed that sometimes the korata.com support service does not answer immediately, but usually all questions were solved. Overall, I'm satisfied with the service, although sometimes I feel a lack of a personalized approach.
Managers blocked my account I 328 euros for no apparent reason, I talked to other traders and I was unpleasantly surprised. As it turned out, there are a lot of deceived like me!!! And yet none of them managed to get back their original deposit in KORATA.
I decided to try to work with this intermediary on the advice of my friend, who spoke flatteringly about this company. I was not very optimistic as I am an elderly person who is not very familiar with the intricacies of stock trading. However, I feel sincere gratitude to the broker's team for their exceptional patience and attention. They not only helped me understand investments, but also selected a strategy, taking into account my age and needs. Now my pension savings bring a stable income in Korata, and I feel confident in the future. They are real professionals! As for the trading conditions and the work of the platform, everything goes smoothly: orders are processed quickly, everything is reliable. The initial deposit size may seem excessive to you, but I was satisfied with it. It can be argued that this is not the worst representative among brokers, although I do not claim that this service is absolutely flawless.
I decided to withdraw part of my profit of 6,500 USD after 4 months of successful trading. My application was rejected suddenly, without any explanation. I received only boilerplate answers by contacting the support team without solving my problem. This is absurd, how can a company be so irresponsible to its customers?!!
I started investing for the first time and chose this broker for this purpose. The registration procedure was quick and standard: I filled out the questionnaire, sent the necessary documents. The whole process took about two days. I am using this platform for trading at the moment. I have not encountered any positive or negative moments so far, everything is functioning on korata.com, but it is a pity that educational services are provided only with a very high level of deposit...
I tried to withdraw my $760 profit. According to the terms of the broker, the withdrawal should take 3 to 5 business days. 7 days have already passed and the money is still being processed. I am used to all actions on the trading platform being completed quickly and efficiently. This delay at Korata is starting to annoy me. I am waiting for the situation to be resolved soon, otherwise I will be thinking about changing intermediaries.
I realized within a month that it is essentially a manipulated software used by scam artists to grab funds from naive users. While I was diligent in trying to earn funds on this site, the KORATA managers were simply scamming me and stealing my money. Why was I such a fool when I hoped for the honesty of this brokerage organization!!?
I believed korata employees in vain when they promised me trading support. Their recommendations led to the drain of my deposit. I lost more than 32,000 dollars in total!!!