TRADABLE MARKETS:
CFDs
CEO
David Varga
Date Created
2022
Fintokei
Years In Operation:
3
Date Created
2022
4.4 out of 5
Trustpilot
CFDs
Firm Overview
PAYMENT METHODS:
Bank Transfer
Credit/Debit Card
Crypto
Domestic Bank Transfer (JPY Currency)
PLATFORM:
Available Support Channels:
Email
Live Chat
Payout Methods:
Commissions
- Metals – $6/lot.
- Indices – $0.
- Forex – $6/lot.
- Energy – $0.
- Crypto – $0.
Consistency Rules
- No consistency rules generally, however, on specific trading accounts and after 4 or more previous warnings from the team about trading behaviour, Consistency Rules can be put in place. The most common are as follows:
- Leverage Reduced – 1:10 on Forex and 1:5 on all other Instruments.
- Daily Profit Cap – Max daily profit capped at 1% from the starting balance.
- Daily Loss Cap – Capped at -1% from the starting balance.
- Inability to Scale in the Scaling Program.
- These rules can be lifted after 3-6 months of successful trading.
Firm Rules
- Time Limit – There is no time limit on ProTrader or SwiftTrader evaluations. However, on the StartTrader you have a maximum of 180 days to complete each of the 3 phases. There is no time limit on the Funded Account.
- Inactivity Rule – If there is no open trade made in any 30 day period, the account will be closed.
- Overnight and Weekend Holding – You can keep positions over the weekend on all Instruments. However, for Crypto CFDs, while you can hold over the weekend, trading them is available 24/5.
- News Rule – Can trade around high-impact news events without any restriction.
- Scaling Rule (ProTrader, StartTrader, SwiftTrader) – For more information about the scaling of the capital and how performance reward ratios increase, see this link: https://support.fintokei.com/en/articles/8409193-what-is-scaling
- 2 month time limit after the funded account creation or from the last scaling.
- Achieve at least 10% profit during the 2 consecutive months.
- Must have closed all trades.
- Minimum Trading Days – 3 days on all accounts except SwiftTrader accounts where its 5 days. To classify a trading day:
- Must have opened at least one trade and the trade is executed and has a real market outcome (cannot immediately close the trade).
- As long as there is an active trade during the day, it counts. For swing traders, that means holding a position over 3 days would satisfy this requirement.
- Applies to both evaluation and funded phases.
- Minimum and Maximum Order Size – There are minimum and maximum order sizes for individual trades. You can find them here: https://www.fintokei.com/symbols. Of course, you have to bare in mind the amount of free margin in your trading account at the time of placing the trade as well.
- Maximum Risk on Open Trades – 3%. Repeat breaches may lead to the account being placed under Consistency Rules.
Payout Policy
Payout Policy
- Payout Frequency – Every 14 days from the first trade placed or from the last withdrawal.
- Minimum Profit (SwiftTrader Account) – Must have made 3% or more than your initial balance in the 14 day period.
- Minimum Withdrawal – $100.
- 400,000 EUR ProTrader Account – $120.
Payout Processing Time
- Instant Payouts – most requests are processed in 10-20 seconds.
KYC
- Must complete KYC before you are able to access your Funded Account and payouts and occurs at the end of the evaluation phase.
Restricted Countries
Belarus
North Korea
Myanmar
Syria
Yemen
Cuba
Venezuela
Sudan
South Sudan
Afghanistan
Somalia
Iraq
Vietnam
Pakistan
China
Frequently Asked Questions
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Fintokei
Yes, they are valid for 14 days and then expire automatically after that.
No, there are no minimum holding days or minimum positions for any of the plans.
Yes, you can copy trade your own trades only. Moreover, you can use EAs that are fully created by you, the use of third party bots is prohibited. You can find more details here: https://support.fintokei.com/en/articles/10419735-copy-trading-and-eas-what-is-allowed-and-what-prohibited
- ProTrader and ProTrader Swing (combined) – $400,000 / EUR / equivalent currency.
- StartTrader – $100,000 / EUR / equivalent currency.
- SwiftTrader – $200,000 / EUR / equivalent currency.
Yes, they are allowed but not recommended. Note that FIntokei has rules against high risk practices and you can find out more about that here: https://support.fintokei.com/en/collections/9583963-rules-high-risk-and-gambling-practices.
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