Fintokei Start Trader’s impressive selection of account sizes ranges from €20,000 to €100,000. The firm’s goal is to find skilled traders who can effectively manage risk during the three-step evaluation process and turn a profit. With the Start Trader, you can choose between USD, EUR, JPY, and CZK for account funding and trade with leverage up to 1:25. Let’s examine more about Fintokei Start Trader, and understand the evaluations’ guidelines and trading ambitions:
- Profit Target: To grow their trading account, withdraw earnings, or successfully complete an evaluation phase, traders must reach a specified profit percentage. Phases 1, 2, and 3 have profit targets of 2%, 3% and 6% respectively.
- Maximum Daily Loss: This is the most money a trader can lose in a single trading day without failing the evaluation. The latter is set at 5% for all accounts.
- Maximum Overall Loss: The maximum overall loss for all account sizes is 10%.
- Minimum Trading Days: The bare minimum of trading days required to complete an assessment phase effectively. A minimum of three trading days is required for each of the three evaluation stages.
- Maximum Trading Period: The amount of time you have to finish your evaluation phase and hit your necessary profit target. The maximum trading duration for each of the three evaluation stages is 180 days.
- No Martingale: When trading, traders are not permitted to use any kind of martingale approach.
- The Consistency Rule: This requires traders to be consistent in a number of areas, including position sizing, risk management, gains, and losses. This suggests that there shouldn’t be any notable differences in the account results’ attributes. A maximum profit of 1% can be made on trading day 1, and the earnings made on your first trading day shouldn’t be greater than 40% of your overall profits. (Applies only to the three stages of evaluation.)
For more information regarding the firm, check out our Fintokei Review 2024.
