Fintokei
PROP FIRM OVERVIEW:
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Key Highlights:
- Lightning-Fast Payouts in Just 2 Days
- Trade Your Way with No EA or News Trading Restrictions
- Massive Scaling Potential Up to €4,000,000
- Challenge Duration: No Time Limit
pros summary:
Your Choice of Top-Tier Trading Platforms (MT4, MT5, cTrader)
Achieve Your Goals with No Time Limits on Challenges
Backed by a Reputable Broker (Purple Trading)
Cons summary:
The Hidden Pressure of the 3% Max Risk Rule
Strict 10-Second Minimum Trade Duration
Significant List of Restricted Countries
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Key Fintokei Rules and Trading Policies
This part of our Fintokei Review covers the essential Fintokei rules that all traders must follow. Understanding these guidelines is crucial for passing your Fintokei evaluation and maintaining a funded account.
Account Security and Access Rules
To ensure a secure and fair environment, this Fintokei prop firm enforces the following access policies:
- Single Profile Only: Creating multiple user profiles is strictly prohibited.
- Device and IP Integrity: Using a single electronic device for multiple customer accounts is not allowed. Furthermore, using multiple IP addresses from many different countries or masking your IP address is forbidden.
- No Third-Party Payments: You must pay for all services yourself. Payments made on behalf of another person are not permitted.
Prohibited Trading Strategies
Fintokei prohibits several trading styles that are considered unrealistic or exploitative. Engaging in these can lead to account termination.
Gambling and High-Risk Approaches
The following practices are considered gambling and are not allowed:
- Over-Leveraging: Placing large, random trades without a clear strategy.
- One-Sided Betting: Executing large trades during high volatility or news events in the hope of a price spike.
- All-In Trading: Attempting to achieve the entire profit target in a single trade or a few very similar trades.
- Account Rolling: Risking the maximum drawdown on an account with the intention of buying another one if it fails.
Exploitative and Unfair Practices
- Tick Scalping: Defined as opening and closing a trade within 10 seconds. If over 10% of your total trades are tick scalps, you will receive a warning before facing account termination.
- Hedging: Opening opposite positions across multiple accounts or with other traders is prohibited.
Specific Trading Limits
- Maximum Allowed Risk: The total risk of your open trades cannot exceed 3% of your account balance, calculated based on your stop losses or Value at Risk (VaR).
- Maximum Order Size: There are limits on the maximum size for a single order, which vary by instrument. See details here.
- Inactivity Rule: An account will be breached if no trading activity occurs for 30 consecutive days.
Conditional Consistency Rules
If Fintokei's risk team detects gambling-like behavior, they reserve the right to enforce a stricter set of consistency rules on your account. These can include, but are not limited to, mandatory stop losses, reduced leverage, daily profit/loss caps, and applying a 40% best day consistency rule for payout eligibility.
Start the Challenge Now
"For a quick comparison of these regulations with other firms, please see our main prop firm rules summary page."
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Payout Frequency and Conditions
This part of our Fintokei review covers the specific Fintokei payout rules. The firm offers a bi-weekly payout schedule, but the conditions vary by account type.
ProTrader & StartTrader Accounts
For these accounts, you are eligible to request a payout every 14 days. This 14-day period is counted from the date of either your first trade or your most recent withdrawal.
SwiftTrader Accounts
Traders on the SwiftTrader account can also request a payout every 14 days. However, there is an additional requirement: you must have achieved a minimum profit of 3% in your account to be eligible for a withdrawal.
Consistency Rules :
Key Fintokei Rules for the StartTrader Plan
This part of our Fintokei Review covers a crucial rule for the StartTrader evaluation phase, designed to encourage consistent profitability.
The 40% Best Day Profit Rule
To pass the Fintokei evaluation on a StartTrader account, the profit from your single best trading day cannot account for more than 40% of the total profit target. This rule ensures that success is based on steady performance rather than a single lucky trade.
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