korata.com has been flagged by AMF (France) for "Unauthorised". Category: Produits_dérivés_sur_crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: korata.com.
I had a dispute with korata.com and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy to use platform|Clean UI|Intuitive for beginners
Cons: Limited social trading features|Nothing significant
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. korata.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Helpful community forum|Market news feed|Excellent charting
Cons: No live chat on mobile|Withdrawal takes 1-2 business days
Opened my account with korata.com after reading several online reviews and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Customizable dashboard|Multiple order types
Cons: No fractional shares|Limited social trading features
I had high hopes for korata.com after seeing their ad online, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Copy trading available|Full transparency
Cons: Limited cryptocurrency options|None so far
The only good thing about korata.com is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Intuitive for beginners|Portfolio tracking tools|High security standards|Copy trading available
Cons: Website design could be more modern