Fintokei, leveraging over a decade of industry experience, has established itself as a premier prop trading firm. In this review, we explore Fintokei’s offerings, including their unique funding models, trading platforms, and robust scaling plan, making it a standout choice for traders seeking reliability and growth.

Table of Contents

Fintokei: A Comprehensive Trading Ecosystem Review

Fintokei stands out as more than just a typical prop trading firm – it’s a complete trading ecosystem that has been evolving since its inception in 2007. With components like the industry-renowned Purple Trading brokerage and Purple Technology under its umbrella, Fintokei leverages its extensive experience and established presence in the market. This deep-rooted expertise gives Fintokei a solid foundation, positioning it as a strong competitor among the leading prop trading firms. In this review, we’ll delve into what Fintokei offers to traders and explore the reasons behind our recommendation to our members.

Fintokei’s Position in the Wider Prop Firm Industry

Before diving deeper into the specifics of Fintokei, it’s essential to understand the different types of prop firms currently operating in the industry.

Type A: White Label Firms

White label firms are relatively easy to establish, often requiring only a small investment and minimal time to set up. These firms generally focus on marketing and attracting traders to pay the evaluation fee, with little direct control over the firm’s management. Most of these firms depend heavily on the revenue from evaluation fees to fund payouts for successful traders.

Type B: Patchwork Firms

Patchwork firms are built by utilizing various technology and fintech providers to create an operational prop trading firm. These firms might source their broker, platforms, payment solutions, and other services from different providers. While there is nothing inherently wrong with this model, challenges can arise, particularly if a platform or service provider decides to withdraw support (as seen with firms like Surgetrader and The Funded Trader).

Type C: In-House Built Firms

In-house built firms are those that have made significant investments in developing the necessary infrastructure to operate a prop firm. These firms are generally more resilient, having greater control over their operations, which allows them to adapt quickly to industry changes. They are also more likely to seek out highly skilled traders to manage institutional-level funds. Unlike other firms, these companies typically have diverse revenue streams and are not solely dependent on evaluation fees.

As you might have guessed, Fintokei belongs to Category C. To put things into perspective, the Purple Holdings group, which operates Fintokei, boasts the following assets:

• A brokerage, Purple Trading
• Various trading technologies through Purple Technology
• Their own payment solutions
• An institution-level capital management firm
• A dedicated compliance and legal team

Our Experience – From Purchase to Trade

To evaluate Fintokei’s efficiency and user experience, we purchased a €2,000 Swift Trader account. The checkout process was straightforward, requiring only basic information such as name and address. Below is a snapshot of the checkout page for reference.

Fintokei also offers the option to select your preferred trading currency, a feature that is relatively rare among prop firms and adds an extra layer of convenience for traders.

Processing Times

• Time to process payment (by card): Less than 1 minute
• Time to receive dashboard login details: Less than 1 minute
• Time to receive trader login details: Approximately 1 minute

In terms of processing speed, Fintokei performed exceptionally well, earning a perfect 10/10 for the rapid handling of our account setup.

The Funding Models – Swift Trader, Pro Trader, and Strategy Trader

Fintokei offers three distinct funding models to cater to different trading styles and goals. In this section, we’ll explore each model and help you determine which might be the best fit for your needs.

Swift Trader – Instant Funding

The Swift Trader model follows the traditional prop trading approach, where traders pay a fee to access a larger trading capital without undergoing an evaluation phase. This means you can start earning profits immediately, making it an excellent choice for those eager to dive straight into trading. However, the downside is that the cost of these accounts is higher compared to the evaluation-based models.

Swift Trader Highlights

• 10% Maximum Drawdown (Relative)
• No Daily Drawdown
• No Minimum Trading Days
• Approximately 20x more capital vs. the fee
• Account sizes range from €1,000 to €50,000

Price of Accounts

• Starting Capital: €1,000 | €2,000 | €5,000 | €10,000 | €50,000
• Price/Fee: €79 | €119 | €259 | €519 | €2,699

Pro Trader – Two-Phase Challenge

The Pro Trader model is based on the popular two-phase challenge structure, similar to the one offered by FTMO. The primary advantage of this model is the ability to trade a significant account size with a relatively small initial investment.

If you’re accustomed to trading larger amounts of capital, the Pro Trader option may be the ideal choice. With account sizes up to €400,000, skilled traders have the potential to generate substantial income.

Pro Trader Highlights

• Overall Drawdown is a static 10%
• Daily Drawdown is 5% (based on equity)
• Minimum of 3 trading days per phase
• Account sizes range from €10,000 to €400,000
• Profit split starts at 80% and can increase up to 95% with scaling

Price of Accounts

• Starting Capital: €10,000 | €20,000 | €50,000 | €100,000 | €200,000 | €400,000
• Price/Fee: €99 | €149 | €299 | €499 | €999 | €1,999

Strategy Trader – Zero Cost (For Professional Traders with a Track Record)

The Strategy Trader option is designed for professional traders who can provide a proven track record. This account type does not require any upfront fee, making it an attractive choice for experienced traders. To learn more or to apply, traders can directly contact the support team. Due to the individualized nature of these accounts, specific details may vary based on the trader’s history and performance. For more information, you can reach out to Fintokei’s support team.

Fintokei Rules and Restrictions Overview

When partnering with a prop firm, it’s crucial to ensure their rules align with your trading strategy. While some firms may prioritize risk-averse traders, others allow a broader range of strategies with fewer restrictions. Fintokei leans towards the latter, offering considerable flexibility for traders. Below are the key points to consider:

What Strategies Are Not Allowed at Fintokei?

To maintain a fair and beneficial relationship for both Fintokei and its traders, certain strategies are restricted. These rules help ensure that trading practices are in line with the firm’s standards and can be effectively replicated in live markets. Below is a list of prohibited strategies, as specified directly from Fintokei’s website:

• Copying trades from other persons’ signals or having your accounts managed by a third party.
• Using services or Expert Advisors (EAs) created by third parties specifically to “pass your prop trading evaluations” or exploit technical inefficiencies in the platform and its infrastructure.
• Martingale strategies.
• Tick scalping.
• Latency arbitrage trading.
• Opposite trading or hedging across multiple accounts or traders.

These strategies are commonly prohibited across many prop firms as they are difficult, if not impossible, to replicate in live market conditions.

Fintokei Scaling Plan

As traders progress through Fintokei’s scaling plan, they are rewarded with increasingly larger amounts of trading capital. Remarkably, it is possible to scale up to $4 million in just 8 steps if you begin with a $500k account. In addition to the capital increases, Fintokei also enhances the profit share at certain stages. By the time you reach level 8 in the Pro Trader account, the profit split will favor the trader at a 95% rate. This makes the scaling plan particularly attractive for those aiming to maximize their earnings. Furthermore, reaching the third level (scaling twice) may open the door to even greater opportunities. Traders who achieve this milestone might be offered a contract with Fintokei’s portfolio management company, presenting an excellent career advancement for those committed to a long-term career in trading.

Scaling Plan Breakdown

Requirements for Scaling

To advance to the next level in the scaling plan, traders must achieve a total profit of 10% or more over two consecutive months. This means that, under optimal conditions, each level can be completed in just 2 months, and a portfolio management contract may be offered after 6 months of consistent performance.

Fintokei  Trading Conditions, Broker, and Platforms

Given Fintokei’s extensive experience in the trading industry, it’s no surprise that the trading conditions offered are exceptional. Traders can expect a top-tier environment, supported by reliable technology and favorable terms. One of the key benefits at Fintokei is the choice of three leading trading platforms:

• MetaTrader 4
• MetaTrader 5
• cTrader

It’s also worth mentioning that Fintokei does not impose any extra fees for using cTrader, a practice that many other firms have recently adopted. This fee-free access makes cTrader an even more attractive option for those who prefer its advanced features.

What Brokers Do Fintokei Offer?

Fintokei primarily uses Purple Trading as their main broker, which operates under the same Purple Holding company. In addition, they offer access to Axiory, which may be utilized depending on the account type and platform chosen by the trader.

Spreads and Commissions

We evaluated the spreads at the start of the New York session and found them to be highly competitive. For major Forex pairs, spreads ranged from 0.0 pips to 1.5 pips. The spreads on gold were also reasonable, averaging around 25 points. As for commissions, Fintokei charges a flat rate of $6 per round lot on trades.

Education and Tools

Fintokei offers a wide array of educational tools to support traders, including:

• A range of trading calculators
• Over 100 trading education videos
• Daily financial news broadcasts

These resources are available for free upon purchasing an account. You can easily access them by navigating to the “Edu & Tools” tab in your dashboard.

Fintokei on Social Media

When evaluating a prop firm, it’s important to explore their social media presence. This can provide valuable insights into the experiences of other users and offers an opportunity to engage with the team behind the firm before taking on a trading challenge.

How Do Payouts Work at Fintokei?

Payouts at Fintokei are structured differently depending on the account type. Below are the specifics for both Swift Trader and Pro Trader accounts, quoted directly from Fintokei to ensure clarity.

For Swift Trader Accounts

You can withdraw any profits from your Swift Trader account once your profit is at least 10% or more, and at least 14 days have passed since your last withdrawal or the account creation. This 10% rule only applies to your first withdrawal request. After the initial withdrawal, you only need to have a minimal withdrawable amount in your account. Remember, before requesting a withdrawal, ensure all your open trades are closed.

For Pro Trader Accounts

For Pro Trader accounts, you can withdraw any profits as long as at least 14 days have passed since your last withdrawal or since the account creation. It’s important to close all open trades before making a withdrawal request. If you attempt to request a withdrawal with open trades, those trades will automatically close. So, be mindful of this when planning your withdrawal.

Conclusion

Fintokei’s expansion into the global prop trading industry is a significant advantage for traders. Many prop firms currently facing issues often lack the infrastructure or experience needed to operate efficiently. However, as discussed at the beginning of this review, Fintokei does not share these shortcomings. This strong foundation makes Fintokei a reliable choice for traders who may have been affected by the closure of other firms. Additionally, Fintokei offers greater value and flexibility compared to competitors like FTMO, providing a safer and more advantageous option for traders looking to advance their careers.