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Funded Trading Plus

Fintokei

4.8

Based on Trustpilot

Established
Milos Mosovsky IconDavid Varga
March 2024 IconDecember 2022
Czech Republic
Platform
MT5 IconMT5Funded Trading Plus
MT4 IconMT4Funded Trading Plus
Crypto IconCTraderFunded Trading Plus
Group 1321314963 IconDX Trade
InstantFunded Trading Plus
1 Step
2 StepFunded Trading Plus
3 StepFunded Trading Plus

Select number of step

Firm

Discount

Size

Steps

Profit Split

Profit Target

Max Drawdown

Daily Drawdown

Commission

Leverage

Trust Pilot Rating

Cashback

Buy

Fintokei

Fintokei

$132

$112.3

10% OFF

20k

3 Step

50%

2% | 3% | 6%

10%

5%

$6

50

4.7

$3

buyIcon
Fintokei

Fintokei

$110

$93.4

10% OFF

10k

2 Step

80%

8%

10%

5%

$6

50

4.7

$2

buyIcon
Fintokei

Fintokei

$132

$112.3

10% OFF

2k

0 Step

50%

10%

0%

10%

$6

50

4.7

$3

buyIcon
Fintokei

Fintokei

$3k

$2.5k

10% OFF

50k

0 Step

50%

10%

0%

10%

$6

50

4.7

$67

buyIcon
Fintokei Company Overview

Fintokei is a Czech Republic-based prop firm founded in late 2022 by David Varga, offering traders up to $4,000,000 in capital through a variety of challenges. With account types ranging from $10,000 to $400,000, traders can grow their accounts and enjoy profit splits starting at 80%. Backed by the broker Purple Trading, Fintokei provides reliable access to the markets and allows traders to keep positions open overnight and over the weekend. With a strong focus on reliability and fair conditions, Fintokei aims to support traders in achieving consistent profitability.

Rules

Fintokei, a prop trading firm founded by David Varga in late 2022, has quickly made its mark from its base in the Czech Republic—a growing hub for prop firms, including notable names like FTMO. Backed by Purple Trading, Fintokei offers traders flexibility and varied options to suit different trading styles.

To get the best Fintokei discount, traders can use the code PROPVATOR at checkout. Available through Propvator.com, this discount code offers the highest discount at the time of purchase, making it more affordable to start trading with Fintokei.

Fintokei Prop Firm - Accepted Trading Styles

Swaps with Fintokei

With Fintokei, swap fees are applied to overnight positions, which allows you to keep trades open overnight and even through the weekend. However, it's important to be aware of when these fees increase. For forex pairs and precious metals, swaps triple on Wednesdays. For other instruments, such as indices and commodities, the swap charge triples on Fridays.

Expert Advisors with Fintokei

Fintokei permits the use of Expert Advisors (EAs), providing traders with flexibility in automating their strategies. However, while most EAs are allowed, it’s recommended to double-check the specific EA with Fintokei’s support team via live chat. High-Frequency Trading (HFT) bots, which exploit market inefficiencies through extremely fast transactions, are explicitly banned. This restriction also applies to EAs that operate at very high speeds. To ensure compliance, confirm with Fintokei’s team before using any EA.

News Trading with Fintokei

Fintokei fully supports news trading, allowing traders to engage with market-moving events without restrictions, as they state on their website: “no strings attached.” This flexibility lets traders take advantage of economic releases and other impactful news events.

To stay updated on economic events, tools like Forex Factory are useful. For more information on news trading policies, visit the relevant section on Fintokei’s support site.

Weekend Holding with Fintoke

Fintokei prop firm allows traders to keep positions open overnight and through the weekend, providing flexibility for longer-term strategies. However, it’s important to consider swap fees associated with holding positions.

For forex pairs and precious metals, swap fees triple on Wednesdays. For other assets, such as indices and commodities, the swap charge triples on Fridays.

Hedging with Fintokei

Fintokei prop firm supports hedging strategies within a single trading account, allowing traders to open opposing positions on the same asset. This flexibility can be especially useful for managing risk during volatile market conditions or when navigating uncertain market trends.

Fintokei prop firm recognises hedging within the same account as "good risk management," enabling traders to protect or offset potential losses without needing to close positions prematurely.

However, it’s important to note that hedging across different accounts with Fintokei is strictly prohibited. This means that if you hold multiple Fintokei accounts, you cannot use one account to hedge positions in another.

HFT with Fintokei

High-frequency trading (HFT) is strictly prohibited at Fintokei. HFT strategies typically involve ultra-fast trading bots that exploit minor market inefficiencies through rapid, high-volume trades. Due to the potential impact on market stability,

Fintokei has a clear policy banning all types of HFT on their platform. Traders should be mindful of this restriction to ensure compliance with Fintokei’s guidelines.

Accounts

Fintokei prop firm offers three distinct account types: Instant, 2 Steps, and 3 Steps, giving traders the flexibility to choose the evaluation path that best aligns with their trading style and objectives. Below are the details for each account type.

Instant Challenge

The Two-Step Account requires traders to complete two phases before receiving funding, with specific profit targets in each step.

Profit Target 1 IconProfit Target 1
10%
Daily Drawdown IconDaily Drawdown
0%
Max Drawdown IconMax Drawdown
10%
Profit Split IconProfit Split
50%

Two-Step Challenge

The Two-Step Account requires traders to complete two phases before receiving funding, with specific profit targets in each step.

Profit Target 1 IconProfit Target 1
8%
Profit Target 2 IconProfit Target 2
5%
Daily Drawdown IconDaily Drawdown
5%
Max Drawdown IconMax Drawdown
10%
Profit Split IconProfit Split
80%

Three-Step Challenge

The Two-Step Account requires traders to complete two phases before receiving funding, with specific profit targets in each step.

Profit Target 1 IconProfit Target 1
2%
Profit Target 2 IconProfit Target 2
3%
Profit Target 2 IconProfit Target 3
6%
Daily Drawdown IconDaily Drawdown
5%
Max Drawdown IconMax Drawdown
10%
Profit Split IconProfit Split
50%

Drawdown

In Fintokei, managing drawdown and understanding the high-water mark are essential for staying within account limits. Exceeding these limits results in a hard breach, leading to the termination of your trading challenge or account.

How is Maximum Daily Drawdown Calculated?

Fintokei measures drawdown through two main metrics: daily drawdown and overall drawdown. These calculations vary slightly between programs, depending on whether you’re using Starter Trader (3 Step) or Pro Trader (2 Step).

Example 1Daily DrawdownApplicable only to Starter Trader, the daily drawdown is the maximum loss allowed in a single day, set at 5% of your account equity as of midnight server time. This limit recalculates nightly based on any gains or losses from the previous day. For instance, if you start with 100,000 EUR and gain 3,000 EUR, your new daily drawdown limit would be 97,850 EUR (5% below the new equity).
Example 2Overall DrawdownThe overall drawdown applies to both Pro Trader and Starter Trader accounts and is set at 10% of your initial capital. For Pro Trader, this means if you start with 100,000 EUR, your equity must stay above 90,000 EUR for the duration of the challenge. In Starter Trader, however, overall drawdown is calculated based on the High-Water Mark (HWM). This metric tracks the highest equity your account achieves and recalibrates daily.For example, if your account reaches 10,500 EUR, the new drawdown limit is set at 9,450 EUR (10% below the HWM). The HWM never decreases unless you make a withdrawal, which adjusts the HWM to reflect the new balance.

Understanding these drawdown calculations is essential for maintaining your trading account.

Platforms

Fintokei offers traders access to three major platforms: MT4, MT5, and cTrader, each with unique features to suit different trading needs.

MetaTrader 4 (MT4)

Fintokei offers MT4, a popular platform known for its straightforward interface and essential tools like technical indicators and charting. This makes it a solid choice for traders who prefer simplicity.

MetaTrader 5 (MT5)

Fintokei offers MT5, which builds on MT4’s features with more asset classes, timeframes, and advanced order types, providing flexibility for traders seeking additional options.

cTrader

Fintokei offers cTrader, known for its clean design and user-friendly features. With in-depth analysis tools, level II pricing, and efficient risk management options, cTrader caters to traders who value customisation and precision.

Conditions

Fintokei applies a straightforward commission structure for the 2 Step Challenge, with a flat rate across popular asset classes:

Commision

Forex IconForex$6 per round lot
Gold IconGold$6 per round lot
Indices IconIndices$6 per round lot
Crypto IconCommodities$6 per round lot

This consistent commission rate helps traders clearly calculate trading costs across different markets within the 2 Step Challenge.

Leverage

Fintokei offers flexible leverage options tailored to different asset classes, allowing traders to choose appropriate risk levels for their trades.

Forex IconForex: 1:100
Gold IconGold: 1:100
Indices IconIndices: 1:50
Crypto IconCommodities: 1:20

These leverage levels provide traders with greater control over their positions, enabling effective strategies across various markets.

Restrictions

India
Russia
Belarus
North Korea IconNorth Korea
Iran IconIran
Myanmar
Syria IconSyria
Yemen
Cuba IconCuba
Venezuela IconVenezuela
Sudan IconSudan
South Sudan IconSouth Sudan
Afghanistan IconAfghanistan
Somalia IconSomalia
Iraq IconIraq
Vietnam
Pakistan
Bangladesh
China

Discounts

To secure the highest available discount with Fintokei, use the code PROPVATOR at checkout. This code offers an exclusive discount, making it more affordable to get started with Fintokei. Additionally, Propvator provides discounts with other top prop firms.

Visit our homepage to explore these offers, compare firms, and select the one that best suits your trading needs. All firms listed on Propvator are vetted and handpicked for reliability, helping you make confident trading decisions. For the most up-to-date list of prohibited countries and further details, please refer to Fintokei’s official

Conclusion

Fintokei prop firm provides traders with a flexible and reliable prop trading environment, offering a range of account types, high leverage options, and the ability to trade on popular platforms like MT4, MT5, and cTrader.

With transparent rules on drawdowns, competitive commissions, and the option for scaling, Fintokei caters to traders aiming for consistent growth. Don’t forget to use the Fintokei discount PROPVATOR discount code to make the most of your Fintokei experience.

FAQ