UP TO 25% OFF PROP FIRM ACCOUNTS
Introduction to Fintokei
Fintokei is a proprietary trading firm based in the Czech Republic, established in 2022 and backed by the Purple Group, which owns Purple Trading. Aiming at both novice and experienced traders, Fintokei has quickly expanded its footprint in the Japanese and European markets, offering a range of trading programs designed to accommodate various trading styles and experience levels.
Evaluation Structure
Fintokei provides a multi-faceted evaluation structure with several programs:
- ProTrader: 2-Step evaluation process
- SwiftTrader: Instant payouts with a 1-Step evaluation
- StartTrader: A 3-Step evaluation process
Each program has specific profit targets and evaluation conditions aimed at determining a trader's capability in various market conditions.
Key Rules
To maintain a disciplined trading environment, Fintokei enforces several important rules:
- Drawdown Rules: Different programs have their unique drawdown rules. For instance, in the ProTrader (Evaluation) program, the maximum drawdown is set at 10% with a daily drawdown limit of 5% during both phases of evaluation. The SwiftTrader program allows for a maximum drawdown of 6% with a daily drawdown of 3%.
- Consistency Rule: There are restrictions on trading behaviors; traders who engage in gambling-like strategies may face limitations on leverage and caps on profits or losses.
- Minimum Trading Days: Information on minimum trading days is not specified, typical in the industry.
- Restricted Strategies: Strategies such as cross-account hedging and excessive risk positions are strictly prohibited.
Platforms and Instruments Supported
Fintokei offers various platforms including:
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
Supported trading instruments encompass metals, energies, indices, and cryptocurrencies, providing traders with a diverse array of options for their strategies.
Pricing and Account Sizes
Fintokei provides various account sizes along with their corresponding challenge fees:
| Account Size (€) | Price (€) | Challenge Name |
|---|---|---|
| 20,000 | 119 | StartTrader (Beginner) |
| 50,000 | 244 | StartTrader (Beginner) |
| 100,000 | 419 | StartTrader (Beginner) |
| 50,000 | 299 | ProTrader (Evaluation) |
| 100,000 | 529 | ProTrader (Evaluation) |
| 20,000 | 179 | SwiftTrader (Instant Payouts) |
| 50,000 | 369 | SwiftTrader (Instant Payouts) |
| 100,000 | 599 | SwiftTrader (Instant Payouts) |
Pricing varies based on the selected account size and program, along with an occasional discount of 2% on certain fees.
Payouts
Fintokei is notable for its high payout success rates, reportedly exceeding 99%. Traders can expect payouts through bank transfers or cryptocurrencies, although specific payout frequency details are not disclosed.
Who Fintokei Suits
Fintokei might be an excellent choice for:
- Traders looking for high payout success rates and supportive evaluation processes.
- Those who appreciate a variety of trading platforms and instruments.
However, it may not suit:
- Traders from restricted countries, as the firm is not available in 20 countries.
- Individuals who prefer less stringent trading behavior rules or need high-frequency trading strategies.
Conclusion
Fintokei offers a promising option for traders interested in proprietary trading, particularly in its target markets in Japan and Europe. With its diverse account options, high payout success rates, and institutional-grade infrastructure, it stands out among newer firms in this space. As always, potential traders should verify the current terms directly with Fintokei before engaging with their offerings.
Risk Disclaimer: Trading involves risk, and evaluation terms can change; please verify current terms directly with Fintokei before purchasing a challenge.
