If the DLL becomes corrupted or is blocked by antivirus software, CorelDRAW X4 may fail to launch, often throwing a "Runtime Error" or a licensing service error.
Run System File Checker (SFC)
Add the CorelDRAW X4 installation folder (usually C:\Program Files (x86)\Corel\CorelDRAW Graphics Suite X4\ ) to your antivirus to prevent future deletions. Method 3: Run in Compatibility Mode Psikey-2.dll Corel X4
The file cannot function if its parent Windows service is disabled. Press Windows Key + R to open the Run dialog box. Type services.msc and press . Scroll down the list to find Protexis Licensing V2 . Right-click the service and select Properties . Change the Startup type to Automatic .
Click and select the Repair option if available. If a repair does not work, fully uninstall the software. Reboot your computer. If the DLL becomes corrupted or is blocked
When this file fails to load or is missing, you may see errors such as:
CorelDRAW X4 hangs or closes immediately after the splash screen. 🔍 Why These Errors Occur Press Windows Key + R to open the Run dialog box
The most common issue is that the Windows service handling the license checking has stopped running. Press Windows Key + R to open the dialog box. Type services.msc and press Enter . Scroll down the list to find Protexis Licensing V2 . Right-click on it and select Properties . Change the Startup type to Automatic . If the service status is stopped, click the Start button. Click Apply , then OK , and restart CorelDRAW X4. 2. Re-register the DLL Module manually
Select or Windows XP (Service Pack 3) from the drop-down menu.
This advanced approach works when other methods fail: