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This article is called “Fintokei Spreads Explained”.
- About Fintokei's Trading Environment
- About Spreads and Trading Fees
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, a notable name in the world of prop trading, is known for providing traders with an attractive trading environment. One of the most important elements of this environment is the setting of spreads. In this article, we will discuss Fintokei's spreads in detail and explore the benefits and caveats for traders.
In addition, Fintokei charges a transaction fee when trading, and this article will also discuss the transaction fee.
About Fintokei's Spread Standards
First, regarding Fintokei's spreads, they are based on Axiory's Nano Terra account for foreign FX. This is due to Fintokei's partnership with Axiory.
Axiory is one of the industry's most respected foreign FX firms, known for offering competitive spreads, and Fintokei's adoption of this standard is a sign of its commitment to providing favorable conditions for traders.
Incidentally, spreads are quite narrow in Axiory's Nano and Terra accounts. So Fintokei's spreads for major currency pairs are set at very attractive levels.
For example, the spread for one of the most heavily traded currency pairs, the USD/JPY, is as narrow as 0.3 pips at its narrowest. This is very favorable for many traders. (It still fluctuates, so it is not always the best environment to trade in.)
Considering that the spread for dollar-yen is around 1 pip at most FX firms, Fintokei's 0.3 pips spread can lead to significant cost savings for traders. Especially for day traders and scalpers who trade frequently, this narrow spread can be a significant factor in their profits.
In addition to currency pairs, Fintokei also offers trading in precious metals. The spread on Gold (XAU/USD), one of the most popular of these, is set at about 0.2 pips.
It should be noted that this means that Fintokei's precious metals spreads are “a bit wider” than those of the base currencies. This may be due to differences in the characteristics and liquidity of the precious metals markets. Traders should take this into account when developing their trading strategies when trading precious metals.
Fintokei commission
Another important factor in evaluating Fintokei's spreads is the transaction fee. In the case of the dollar-yen, there is a round-trip transaction fee of $6. At first glance, this may seem somewhat high.
However, this commission structure is closely related to Fintokei's business model. Prop firms use a model in which they provide funds to traders and share in the profits. As such, they must recover a portion of their operating costs through trading commissions.
This fee structure also has the effect of encouraging traders to trade cautiously. By discouraging unnecessarily frequent trading and guiding traders to select higher quality trading opportunities, it may ultimately increase traders' probability of success.
For this reason, Fintokei offers
- Ultra-high span scalping
- Rumble trading in a range market
It is difficult to accumulate profits in what we call bad trades such as the above. You are required to win by trading the high road.
Summary of Spreads
Fintokei's spread and commission structure may be suitable for certain trading styles. For example, the following types of traders are likely to benefit from Fintokei's terms and conditions
Traders taking large positions: The advantages of narrow spreads outweigh the disadvantages of fixed commissions.
Medium- to long-term traders: The impact of commissions is relatively small due to low trading frequency.
High-frequency traders (with a certain trading volume): The benefits of narrow spreads can be significant and overall costs can be low.
On the other hand, scalpers and other traders who make frequent small trades may be more affected by fixed commissions. Traders should carefully consider the compatibility of their trading style with Fintokei's terms and conditions.
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 spread settings offer attractive terms for many traders. In particular, the narrow spread of 0.3 pips on the dollar-yen is one of the best in the industry. On the other hand, the $6 transaction fee encourages traders to trade with caution.
For commodities such as precious metals, spreads are slightly wider than for currency pairs, but still remain competitive.
Overall, Fintokei's spread and commission structure offers favorable conditions for many traders, making it an attractive option for traders seeking success in the world of prop trading.
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