Fintokei Review
The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business.
Fintokei Review
Summary
Fintokei is a modern prop firm that offers a unique approach to trading. It focuses on empowering traders to reach their full potential. With over 15 years of experience building solutions for investors and traders within regulated environments, Fintokei has established itself as a reputable and trustworthy partner for traders worldwide.
Fintokei’s approach revolves around the idea of putting “traders first,” offering popular platforms, supporting all trading styles, and providing a manipulation-free environment for trading forex, indices, and commodities. The platform offers several evaluation programs tailored to different skill levels and ambitions. From the structured three-phase StartTrader program to the more advanced ProTrader and the instant-access SwiftTrader, Fintokei caters to a wide range of trading styles and goals.
Let’s explore Fintokei’s offerings, unique features, trading conditions, and the potential it holds for both aspiring and experienced traders.
Fintokei Review
Programs
Fintokei offers a variety of evaluation programs to suit different trading styles and levels of experience. Here’s a breakdown of what they offer:
StartTrader
The StartTrader program is divided into three evaluation phases, each with progressively increasing profit targets. This structured approach helps traders develop the necessary discipline. Starting capital ranges from €20,000 to €100,000, and accounts can scale up to €1,000,000. To complete the StartTrader evaluation, traders need to generate an 11% profit across the three phases. The performance reward for this program is 50%, and it has daily and overall drawdown rules. The one-time fee for this program varies based on the account size, starting at €119 for a €20,000 account and increasing for larger account sizes.
ProTrader
The ProTrader program requires traders to pass two evaluation phases. It offers starting capital from €10,000 to €400,000 and can scale up to €4,000,000. Traders can earn up to 95% performance rewards. The program includes daily and overall drawdown rules. It is designed for those who want to trade larger amounts and receive higher payouts. The one-time fee for this program ranges from €99 to €1,999, based on the selected account size.
SwiftTrader
The SwiftTrader program allows traders to start earning immediately by skipping one evaluation phase. Starting capital ranges from €1,000 to €50,000, and accounts can scale up to €500,000. Traders can earn up to 90% performance rewards. This program has an overall drawdown rule and is ideal for traders who want to enhance their trading capabilities instantly and start earning from day one. The one-time fee for this program ranges from €79 to €2,699, depending on the chosen account size.
StrategyTrader
The StrategyTrader program is for traders with an impressive track record. It allows them to skip the entire evaluation process and potentially connect with partner companies where other investors can copy their trades. Starting capital usually begins at €10,000 and can scale up to €4 million or more. The performance reward ranges from 15% to 50%, with risk management through the CapitalGuard system.
Fintokei Review
Conditions
Fintokei offers a clear set of fair and transparent rules that you must follow to pass the trading challenge. If you breach any of the rules or fail to reach the targets, you will not qualify for a funded account but may be able to retake the program. The conditions are excellent and amongst the best you will find from any prop trading firm.
Drawdowns
Fintokei has specific drawdown limits and profit targets depending on the evaluation program. The Swift Trader program has no daily drawdown limit but enforces a maximum overall drawdown of 10%. Traders need to achieve a profit target of 10% in the evaluation phase to qualify for a funded account.
Both the Pro Trader and StartTrader programs have a daily drawdown limit of 5% and a maximum overall drawdown of 10%. In the Pro Trader program, to qualify for funding, traders must achieve a profit target of 8% in each of its two evaluation phases.
In the StartTrader program, traders need to meet profit targets of 2%, 3%, and 6% in the three evaluation phases for a total of 11% to successfully complete the evaluation.
The StrategyTrader program utilizes a CapitalGuard system for risk management. It is tailored for experienced traders with a proven track record and does not specify any profit targets.
Trading Days
For the Swift Trader and Pro Trader programs, there are no minimum or maximum trading days required, allowing traders to operate at their own pace without the pressure of meeting daily trading quotas. However, traders must trade at least once every 30 days to keep their accounts active. The StartTrader program does have a maximum time limit of 180 days for the evaluation phases. This flexibility ensures that traders can manage their trading activities according to their own schedules and strategies.
Trading Strategies
Fintokei supports a wide range of trading strategies, including scalping, hedging, and trading on news. However, certain strategies are restricted to maintain fairness and integrity. These include copying trades from other signals, using third-party services or EAs to pass evaluations, martingale, tick scalping, latency arbitrage, and opposite trading across multiple accounts.
Scaling Plan
One of Fintokei’s standout features is its comprehensive scaling plan, which allows traders to increase their trading capital based on performance. For the ProTrader program, traders start with initial capital ranging from €10,000 to €400,000 and can scale up to €4,000,000. To qualify for scaling, traders must achieve a +10% profit target (cumulatively, after all trades are closed) during at least two consecutive months.
The performance reward starts at 80% and can increase up to 95% as traders scale up. Similarly, the SwiftTrader program offers initial capital from €1,000 to €50,000, with the potential to scale up to €500,000. The performance reward in this program starts at 50% and can increase up to 90%.
Refund
Fintokei offers a refund of the initial fee for the Pro Trader program once traders receive their first performance reward payout. This means that after successfully completing the evaluation and receiving the first payout, the initial fee is refunded.
Fintokei Review
Features
Fintokei offers a range of features designed to support traders and enhance their trading experience. Here’s a breakdown of what you can expect:
Dashboard
Fintokei provides a comprehensive and user-friendly dashboard where traders can manage their accounts efficiently. The dashboard allows traders to monitor their account balances, track their trading performance, and submit withdrawal requests. It also provides access to various resources, including educational materials and market analysis tools, helping traders make informed decisions.
Platforms Offered
Fintokei supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms are well-known for their robust features and user-friendly interfaces, making them suitable for traders of all experience levels.
MT4 and MT5 are equipped with advanced charting tools, a wide range of technical indicators, and automated trading capabilities, allowing traders to execute their strategies efficiently.
cTrader is appreciated for its low latency and reliable trade execution, which minimizes slippage and allows traders to capitalize on market conditions in real time. The platform also supports a variety of order types and offers real-time market data, ensuring that traders have all the tools they need to succeed.
Support Offered
Fintokei offers competent and responsive technical support to assist traders with any issues or questions they may have. The support team is available to help with account-related inquiries, technical difficulties, and other concerns, ensuring that traders have the assistance they need to succeed.
Knowledge Base
Fintokei provides a rich knowledge base that includes a variety of educational resources. Traders have access to over 100 trading education videos, a range of calculators, and daily financial news broadcasts. These resources are designed to help traders improve their strategies, stay informed about market developments, and enhance their overall trading skills.
Fintokei Review
Conclusion
Fintokei positions itself as a leading prop firm with several attractive features. They offer multiple evaluation programs tailored to different trading styles, flexible trading conditions, and a support system. The firm’s commitment to transparency and providing necessary resources makes it a viable option for traders seeking funded accounts. With a user-friendly dashboard, access to popular trading platforms like MT4, MT5, and cTrader, and a comprehensive knowledge base, Fintokei ensures that traders have the support they need to succeed. However, traders should be aware of the specific conditions such as the refund policy details, restricted strategies, and drawdown limits.
Fintokei Review
