【demerit】explanation of the disadvantages of Fintokei

By reading this article.

• Are there any disadvantages of Fintokei?
• What kind of people are not suitable for it?

We will resolve the above concerns!

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This article is called “Disadvantages of Fintokei”.

• About disadvantages in using Fintokei

Prop firms are an increasingly popular form of trading and offer unique opportunities for traders, and Fintokei was the first prop firm to enter the Japanese market, and as of 2024 is the single largest prop firm in the Japanese market.

However, few people still understand how prop firms work and what makes Fintokei unique.

In this article, we will explain the basic concepts of prop farms and explore in detail the features of Fintokei and how to get started. By doing so, we aim to help you get started with your trading activities through Fintokei.

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Fintokei is an international trading platform used by many traders as a prop firm.

This is especially attractive in that it allows for large transactions with a small challenge fee, but every service has its advantages and disadvantages. In this article, we will focus on the disadvantages of Fintokei and explain them in detail.

There are three major disadvantages of Fintokei that the author, who actually uses the system, feels.

1. Prohibition/regulation of martingale/namping
2. No virtual currency transactions such as Bitcoin
3. Withdrawal spans must be at 14-day intervals

1. prohibition/regulation of martingale/namping

At Fintokei, the martingale method is prohibited as part of risk management.

The martingale method is a trading technique based on the idea that when a loss occurs, the trader doubles the lot on the next trade, thereby compensating for the loss if he/she wins the next time. However, this technique is prohibited in Fintokei due to its extremely high risk.

Many traders prefer the martingale method. While Fintokei allows a certain amount of “dumping” (taking additional positions), the doubling of lots, as in the martingale method, is restricted. This restriction makes traders feel more comfortable.

This restriction requires traders to manage risk more carefully, and while the Fintokei platform is a good place to hone your skills for consistent profits, it may not be suitable for those who prefer high-risk, high-return trading.

While nanpinning is allowed on Fintokei, its rules are limited.

Nanpinning is a technique of lowering the average acquisition price by taking additional positions when the price drops. Some traders use this technique extensively, but as with the martingale method, Fintokei does not recommend excessive nanpinning.

For traders who use a lot of pick-and-pin, Fintokei's rules may seem a bit strict. However, this is also part of risk management and is intended to encourage traders to trade cautiously. Since there is a risk of losses from excessive pickpocketing, Fintokei is designed to encourage traders to trade on a firm footing.

2. trading in bitcoin and other virtual currencies is not possible

One of the inconveniences for some users of Fintokei is the lack of virtual currency trading.

In particular, virtual currencies such as Bitcoin (BTC) and Ethereum (ETH) have become very active markets in recent years and are popular among traders who prefer volatile trading.

However, Fintokei uses servers that do not contain virtual currencies and therefore cannot trade bitcoin or other virtual currencies.

This limitation of Fintokei is a major disadvantage for traders who wish to primarily trade in virtual currencies, as other prop firms and exchanges commonly handle virtual currencies. If you wish to trade virtual currencies, you will need to use other exchanges or prop farms.

3. the withdrawal span is at 14-day intervals

One of the biggest disadvantages of Fintokei is the length of time it takes for withdrawal requests to become available.

Fintokei stipulates that the first time a withdrawal can be applied for is “two weeks after promotion to professional trader” and the second and subsequent times “two weeks after the last withdrawal date. Because of this structure, you can only make two withdrawals per month, which creates a considerable waiting period if you want to have your funds in hand.

For example, if you subscribe to a paid plan with Fintokei, it could take as long as 21 days to withdraw your funds. This is not as slow as other prop firms, but it is inconvenient for traders who want to fund quickly. There is also the risk that if you are disqualified during the transaction, you will have to start the challenge again, further delaying the withdrawal process.

This long waiting time for withdrawals can be very stressful for traders using Fintokei. This is especially not suitable for those who want to make frequent withdrawals or those who want to cash in the fruits of their trading immediately.

Conversely, there will be no problem if you trade steadily and stabilize your profits, as long as you trade in a royal way. Even if the withdrawal span is 2 weeks, you will be able to withdraw without any problem as long as you evaluate your profits and risks carefully.

Fintokei does not require traders to trade 0 or 100, but traders who can ultimately make a profit through probability and trial and error.

Fintokei is favored by many traders as a prop firm that allows large trades for a small challenge fee. However, several disadvantages exist, such as waiting time for withdrawals and restrictions on trading methods.

In particular, this service is not suitable for those who seek quick funding and those who prefer high-risk trading.

On the other hand, Fintokei requires traders to be disciplined in their trading and is an excellent place to hone their risk management skills. It is important to carefully assess whether the service fits your own trading style before using it.

The steps to get started trading at Fintokei are designed to be easy to follow for beginners. Below you will find a detailed explanation of the steps from registering with Fintokei to actually starting trading.

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Fintokei is touted as a prop firm that allows traders to take advantage of large trading opportunities for a small challenge fee, several disadvantages do exist.

In particular, the 14-day interval between possible withdrawal requests and the prohibition of martingale methods may be inconvenient for traders who prefer quick funding and specific trading techniques. The lack of virtual currency trading is also a disadvantage for traders who wish to trade bitcoin or other digital currencies.

Fintokei is suitable for traders who are looking for stable profits and want to learn risk management. Choosing a prop firm that suits your trading style and objectives is the first step to success.

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