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- How difficult is it to pass Fintokei?
- I want to understand the rules regarding the passing of Fintokei!
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This article is called “A Thorough Explanation of Fintokei's Challenge Rules”.
- How to pass Fintokei's Challenge Plan
- How much profit do I have to make to pass the test?
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, it 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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Since Fintokei is a prop firm, it is of course necessary to pass the Fintokei exam to become a prop trader.
Currently, Fintokei offers the following three plans, and the rules will naturally vary depending on which one you choose to challenge, so be sure to check them out.
- Pro Plan (2-step breakthrough type)
- Swift Plan (no challenge)
- Start Plan (3-step breakthrough)
Pro plan rule
The Pro Plan is a stable plan for beginners to advanced users. The plan consists of two breakthrough steps, with clear profit targets set for each step.
Step1:
Profit target: 8%.
Objective: To assess the trader's basic skills and ability to generate consistent profits
In Step 1, traders are required to achieve 8% profit. This goal is quite challenging and requires a stable strategy and good risk management skills; the 8% goal is difficult to achieve through sheer luck or short-term market fluctuations and requires consistent and superior performance.
Step 2:
Profit target: 5%.
Objective: To evaluate the trader's long-term consistency and ability to manage larger amounts of money
In Step 2, the profit target is lowered to 5%. This step tests the trader's sustainability and ability to handle larger funds. Although the profit target is lowered, consistent performance should be maintained.
swift plan rule
The Swift Plan is designed for advanced students who are already highly skilled. There are no challenges in the traditional sense in this plan, but it does have its own set of conditions.
Conditions:
No Challenge
Profit target: 10%.
Withdrawal condition: after 10% profit is achieved
With this plan, traders can immediately start trading in their production account. However, they must achieve at least 10% profit in order to withdraw their funds. This requirement demands high performance from traders and requires them to demonstrate excellent trading ability.
The high profit target of 10% is a guarantee that the trader truly possesses superior skills and strategies. This condition also allows Fintokei to select and fund only quality traders.
Start plan rule
The Start Plan is designed for new traders just starting out in prop trading and for those who want to improve their abilities in stages. The plan consists of three breakthrough steps, gradually increasing in difficulty at each step.
Step1:
Profit target: 2%.
Duration: 180 days
Objective: To master basic trading skills and learn to accumulate small profits
In Step 1, a profit target of 2% is set, which is relatively easy to achieve. During this phase, traders practice basic trading strategies and learn the importance of risk management. The goal is to understand the importance of consistently accumulating small profits.
Step2:
Profit target: 3%.
Duration: 180 days
Objective: To acquire more advanced trading skills and improve your ability to generate consistent profits
In Step 2, the profit target is raised to 3%. Traders are expected to implement more complex trading strategies and improve their market analysis skills. The importance of consistency and risk management is further emphasized in this phase.
Step 3:
Profit target: 6%.
Duration: Typically 180 days
Objective: To acquire excellent trading skills and achieve high performance
In the final step, Step 3, the profit target is raised to 6%. By passing Step 3, traders will be able to prove the superiority of their trading abilities.
In addition, the introductory plan aims to ensure consistency profits and stipulates that the maximum profit that can be earned in a day is 40% of the total profit; earning more than 40% will result in automatic settlement and trading will be suspended.
Common Rules: Disqualification Conditions
An important rule common to all plans is the set of disqualifying conditions. These conditions are designed to prevent excessive risk and promote responsible trading.
Disqualification Conditions: (All losses below include unrealized losses and swaps)
Daily loss 5%
Overall loss 10%.
Meeting any of these conditions will result in immediate disqualification and the trader will not be able to continue to challenge or trade.
The 5% daily loss condition prevents traders from taking excessive risk during the course of the day. This condition requires traders to carefully manage risk and avoid large losses in their daily trading.
The 10% overall loss condition is a limit on cumulative losses throughout the entire challenge. This condition requires traders to manage risk over the long term and demonstrate the ability to consistently make a profit.
These disqualification conditions provide important lessons for traders. In real market trading, minimizing losses is the key to success. By establishing these conditions, Fintokei encourages traders to develop responsible trading habits and promotes long-term success.
Summary of Challenge Rules
Fintokei's challenge rules are described below.
- 8%/5% for Pro Plan
- Swift Plan is 10% for withdrawals
- 2%/3%/6% for the Start plan
The above profit targets must be achieved.
Also, as a disqualification condition, you will be disqualified if you lose 5% daily/ 10% overall.
How to start Fintokei
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.
Fintokei Registration Procedure
First of all, access the official Fintokei website. When you check the official site, you will see the image on the right, and click the “Login” button on the upper right of the image.
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Click Login to create an account and enter your personal information to create an account.
You will need to enter your name/username, email address and password.
Once registration is complete, you will be able to purchase plans.
- Purchase Type
- Account Currency
- Platform
- Challenge Plan
Select the above 4 options.
You can then enter all of your personal information on the right side. You will need to enter your name, email address, phone number, nationality, and address.
The right side is blurred because it contains my personal information. Please understand.
Once you have completed the purchase of your account, you will be able to log in to My Page.
Remember to download the platform corresponding to the plan you purchased.
Please note that on the download screen, MT4 and MT5 have different download locations for each platform that corresponds to the plan you purchased.
You will not be able to use them even if you download them from different places.
Summary
Fintokei's Prop Firm Challenge offers a variety of plans suitable for traders at different levels. Each plan is designed to progressively improve a trader's abilities and develop the skills needed to succeed in a real market environment.
The Pro Plan sets high goals for experienced traders, while the Swift Plan provides professionals with immediate trading opportunities. The Start Plan, on the other hand, provides new traders with step-by-step learning and growth opportunities.
Common disqualification conditions emphasize the importance of risk management to all traders and promote the development of responsible trading habits. The combination of these rules and conditions allows Fintokei to develop and select quality traders.
Ultimately, through these challenges, traders hone the skills, attitudes, and risk management capabilities necessary to succeed in a real market environment, and Fintokei's program is not just about profit, but about developing sustainable and responsible trading practices.
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