Fintokei review

Introduction of the broker Fintokei

Fintokei is a new prop trading firm that has quickly established itself in the market. It collaborates with Purple Trading and offers traders access to significant capital and support in trading. Fintokei offers two main programs: SwiftTrader and ProTrader.

Fintokei supports popular platforms MetaTrader 4 and MetaTrader 5, and recently also cTrader. MetaTrader is valued for its extensive programming capabilities and automation of trading strategies, while cTrader excels with its user-friendly interface and automatic position size calculation.

Basic Conditions for All Programs

Fintokei offers a wide range of trading instruments, including forex, metals (gold and silver), energies, and indices. Fintokei offers leverage of 1:50 on forex, gold, silver, and indices, which is quite standard, and for other instruments, the leverage is set at 1:20. The company provides quick and efficient support. There is also a very clear and detailed “FAQ” section with frequently asked questions that provide answers to many common queries.

Fintokei offers flexibility in account currency choices, including EUR, CZK, JPY, and USD. This is a significant advantage for traders from different countries as it allows them to maintain their accounts in their preferred currency and minimize currency conversion costs. For Czech traders, having the option to maintain an account in CZK is particularly beneficial, which is not common among similar companies.

How to Purchase a Plan with Fintokei?

Purchasing the chosen evaluation program ProTrader or the SwiftTrader account is easy using a credit card, ApplePay, GooglePay, or in the future, even cryptocurrencies. Fintokei is currently working on expanding payment options and plans to introduce the ability to withdraw profits in specific cryptocurrencies soon.

Fintokei is currently working on expanding payment methods and plans to introduce the ability to withdraw profits in specific cryptocurrencies soon. Profit withdrawals are made via bank transfer to the trader's account.

StartTrader

StartTrader represents the entry point for all aspiring traders who want to start their journey in financial markets. The three-phase evaluation provides ample space to learn the necessary skills and adapt to the trading pace. It starts with initial capital of EUR 20,000 to EUR 100,000 and can scale up to EUR 1,000,000. By completing the evaluation program, there is a chance for potential profit with a performance reward of 50%. The biggest advantage of this plan is the relatively low goal – generating 11% profit in three evaluation phases. The one-time fee starts at EUR 119 and varies according to the capital size.

Basic Program Conditions:

The program has no minimum number of trading days, and the maximum trading time is unlimited. Strict risk management includes a maximum overall drawdown of -10%, calculated from the highest historical midnight value of the account's equity (HWM). Traders have the opportunity to obtain a certificate for successful traders after meeting the set conditions. The initial profit share is 50/50 between the trader and Fintokei, with the first profit target for payout set at +10%. Payouts are made every 14 days. SwiftTrader supports all trading styles, including the ability to hold trades over the weekend, trade during news releases, and use automated trading systems (AOS/EA).

ProTrader

ProTrader is designed for traders who already have some experience and want to trade with higher amounts. The two-phase evaluation is quick and efficient, and upon completion, the trader gains access to an account with initial capital of EUR 10,000 to EUR 400,000, which can be scaled up to EUR 4,000,000. The performance reward can reach up to 95%, which is one of the highest in the market. This plan offers the possibility of quick growth with lower initial costs, as the one-time fee starts at EUR 99 and varies according to the capital size.

Basic Program Conditions:

The program includes two phases with specific profit targets: +8% for phase 1 and +5% for phase 2, with a minimum number of trading days set at three. The maximum trading time is unlimited, with strict risk management where daily drawdown (trade loss) must not exceed -5% and overall drawdown -10%. Upon successful completion, the trader receives a certificate and can enjoy an initial profit share of 80/20, with payouts every 14 days.

The program supports various trading styles, allows holding trades over the weekend, trading during news releases, and using AOS/EA. There is also the possibility of scaling trading capital and better profit sharing. The one-time fee depends on the initial capital size, ensuring accessibility for different levels of traders.

SwiftTrader

SwiftTrader is ideal for those who want to start trading immediately without going through evaluation phases. Initial capital ranges from EUR 1,000 to EUR 50,000 and can be scaled up to EUR 500,000. The performance reward reaches up to 90%. The biggest advantage of this plan is the ability to start earning from day one and immediately increase trading power. The one-time fee is set from EUR 79 and varies according to the capital size.

Fintokei User Reviews and Ratings

On Trustpilot, Fintokei does not currently appear, and no user ratings were found. However, Traders Union rates it 3.84 out of 10, pointing to high trading fees and issues for beginners. Potential users should consider these mixed reviews and thoroughly review the platform before starting to trade.

Is Fintokei a Scam or a Safe Company?

It is not a scam. Fintokei has its positive aspects but also significant drawbacks. Potential users should thoroughly investigate and consider these factors before engaging with the platform. Positively, the platform is supported by Purple Holdings and Purple Technology, which adds some credibility to its operations.

Conclusion

Fintokei is a rapidly growing prop trading firm offering a wide range of options for traders of all experience levels. The company prides itself on its collaboration with Purple Trading and provides access to significant capital and professional support. It supports popular platforms MetaTrader 4, MetaTrader 5, and cTrader, as well as a wide range of trading instruments.

The company offers various trading programs tailored to the needs of both beginners and advanced traders, with the possibility of gradually scaling capital and high performance rewards. Overall, it does not deviate from the standard of the prop trading industry. Unfortunately, it must be noted that the company does not yet have any known regulation.