Fintokei Prop Firm Review

Fintokei is a EU-based prop trading firm that offers funding challenges across three evaluation programs and with a maximum funding ceiling of as much as EUR 4 million.

The firm’s basket of tradable instruments include currency pairs, commodities, indices and cryptocurrencies and includes an 8-level scaling plan that allows traders to gradually boost the buying power of traders with relatively limited capital. The smallest account at Fintokei starts at EUR 1,000, which makes it one of the most accessible firms on the market.

However, the security features and lofty promises of the firm may be at odds. Therefore, in order to find out more about Fintokei, its fees, platforms and features, it is important to review the firm in all of its details to determine whether the firm stacks up against the competition in a growing global proprietary trading market.

Pros and cons of Funds for Traders prop firm

Safety of Fintokei

Safety has become a major concern for prop traders over the years, as the market is relatively saturated and finding a secure prop firm can be somewhat challenging.

While prop trading firms are not subject to as much regulatory scrutiny as forex brokers, traders tend to focus on firms that have a decent amount of reviews and are rated by trustworthy platforms like the Forex Peace Army (FPA).

Unfortunately, Fintokei does not have a dedicated FPA page, even though there are several written reviews traders can find on the internet. A lack of security feature description on the official website may also be a cause for concern for prospective traders.

Overall, assessing the security of Fintokei is difficult due to a lack of information, which gives the firm a security score of 0/5.

Fintokei funding and maximum capital allocation

When it comes to funded accounts and capital allocation, Fintokei offers a decent variety through its three funding programs. Traders can choose between the StartTrader, SwiftTrader and ProTrader programs, with each of them offering different funding levels to traders:

• StartTrader – EUR 20,000, EUR 50,000 and EUR 100,000 (Maximum scaling to EUR 1,000,000)
• ProTrader – EUR 10,000, EUR 20,000, EUR 50,000, EUR 100,000, EUR 200,000 and EUR 400,000 (Maximum scaling to EUR 4,000,000)
• SwiftTrader – EUR 1,000, EUR 2,000, EUR 5,000, EUR 10,000 and EUR 50,000 (Maximum scaling to EUR 500,000)

As we can see, the maximum possible amount of trading capital allocable to a single user is EUR 4 million, which is one of the highest funding ceilings on the market.

It is also worth noting that this amount is achievable through the 8-level scaling plan presented on the official Fintokei website.

The number of challenge stages also differ between the accounts. StartTrader is a 3-phase funding program, while SwiftTrader offers instant funding and ProTrader has 2 challenge phases. This gives traders the ability to choose the pace of their funding challenges.

Fintokei assets

When choosing what instruments to trade, Fintokei does not offer the same variety as many competing firms seem to do. Among the asset classes tradable at Fintokei, traders are limited to currency pairs, commodities and indices. No crypto and stock trading is allowed at Fintokei, which is a considerable disadvantage.

The asset breakdown also seems to be missing from the firm’s official website, which makes things vague for prospective traders.

While funding levels are high and scaling is generous, traders have less choices when it comes to the strategies they can deploy, as the amount of instruments is limited at Fintokei.

Fintokei rules and limitations

As we have already mentioned, Fintokei offers three distinct funding programs to its clients and each of them come with a different set of rules for traders to follow, such as a profit target, daily and maximum loss limits, minimum trading days, etc.

Below we can look at the general rules of each of the three funding programs on each stage of the evaluation process.

StartTrader:

• Scalable profit share from 50% to 100%
• Payouts available every 14 days
• 2%, 3% and 6% profit targets on Phases 1, 2 and 3, respectively
• Minimum 3, maximum 180 trading days
• 3% maximum daily drawdown
• 6% overall drawdown limit

ProTrader:

• Scalable profit share up to 95%
• Payouts available every 14 days
• News trading allowed
• 8% profit target (Phase 1), 6% (Phase 2)
• Minimum 3 trading days, no maximum limit
• 5% daily drawdown limit
• 10% maximum drawdown limit

SwiftTrader:

• Scalable profit share up to 90%
• Payouts available every 14 days
• No time limits
• No profit target
• No daily drawdown limit
• 10% maximum overall drawdown limit

These terms are competitive when compared to many competing prop firms. The SwiftTrader account provides particular value for traders who prefer instant access to their funded accounts.

Fintokei account fees

Similarly to other prop trading firms, each Fintokei account charges a fee that is equal to a small portion of the face value of the account.

Here’s how the fee structure of Fintokei can be broken down across the three funding programs as follows:

StartTrader fees:

• EUR 119 for the EUR 20,000 account
• EUR 244 for the EUR 50,000 account
• EUR 419 for the EUR 100,000 account

ProTrader fees:

• EUR 99 for the EUR 10,000 account
• EUR 159 for the EUR 20,000 account
• EUR 319 for the EUR 50,000 account
• EUR 529 for the EUR 100,000 account
• EUR 1149 for the EUR 200,000 account
• EUR 2,399 for the EUR 400,000 account

SwiftTrader fees:

• EUR 79 for the EUR 1,000 account
• EUR 119 for the EUR 2,000 account
• EUR 259 for the EUR 5,000 account
• EUR 519 for the EUR 10,000 account
• EUR 2699 for the EUR 50,000 account

It is worth noting that the fees charged on Fintokei accounts are considerably higher than similar accounts offered by competing firms. The SwiftTrader accounts are particularly pricey relative to their buying power. For example, the EUR 79 fee for the EUR 1,000 account amounts to 7.9% of the buying power of the account, which is a high rate for an instant funding challenge.

Fintokei platforms

Traders who have extensive knowledge of the forex market and have been trading for years are likely to welcome the fact that Fintokei uses both MT4 and MT5 platforms, which are two of the most popular pieces of forex trading software on the market.

Therefore, Fintokei clients have access to a wide range of technical indicators and charting tools, which makes it considerably easier to formulate a strategy and identify potentially profitable market opportunities.

Economic calendars, market news and additional tools are also included in the Fintokei software package. Mobile trading apps for both iOS and Android are also available to users.

Fintokei profit-sharing

When it comes to the profit-sharing agreement, Fintokei offers different terms based on the funding challenge chosen by the trader. For example, the profit share of StartTrader accounts start at 50% but can be scaled up to as much as 100% upon consistent successful payouts.

The ProTrader and SwiftTrader accounts offer up to 95% and 90% profit sharing, respectively.

This places Fintokei among the top prop firms in terms of profit payout ratios. However, it is also worth considering that many prop firms offer a 80-90% profit split by default, without the need for scaling.

When it comes to funding your account and withdrawing profits, Fintokei offers several options, such as: Wire transfer, VISA and Mastercard payments, crypto payments, Apple Pay, Google Pay and JCB.

Education and trading tools at Fintokei

Where SwiftTrader seems to be lacking considerably is educational content for beginners. While most of their accounts come with video guides, general free educational content is not available.

Therefore, traders who wish to learn as they go may find it difficult to do so at Fintokei.

On the other hand, the firm does offer several trading tools to help traders analyze markets and stay informed about new developments, such as an economic calendar, news digest, etc.

Overall, educational resources and trading tools are not a strong suite of Fintokei’s overall service package.

Customer support at Fintokei

Active and prospective clients of Fintokei can reach out to the firm via the live chat and web inquiry forms, as well as a support email.

A hotline option to reach a customer service representative of Fintokei is not available at this time.

The official Fintokei website also includes a FAQ section to answer some common questions of new users. Overall, the lack of a hotline is the only real downside of Fintokei’s customer support.

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