Fintokei StartTrader – Your ticket to the world of prop trading
StartTrader is our new program designed to help new traders navigate the world of prop trading challenges. It offers several carefully designed features that you will learn about in this article.
Prop trading and its challenges are attracting more and more traders. Who wouldn’t love the satisfaction of seeing that first well-deserved payout hit their account? Unfortunately, many enthusiastic traders won’t get past the trading challenge.
At Fintokei, our goal is to help traders accelerate their journey to success. We can’t ignore the needs of those new to prop trading. Most prop trading challenges today are aimed at experienced traders, making it difficult for beginners to participate.
And since we want everyone to be able to try their best at trading challenges, we’ve created a new program called StartTrader. This program can also be your ticket to the world of prop trading.
“At Fintokei, we aim to educate traders and provide them with all the tools they needed to accelerate their path to success. StartTrader is a step in the right direction to achieve this goal”
StartTrader has the lowest profit target in the market
Completing the first phase of a trading challenge is a critical milestone that often determines future success. That’s why we’ve set the profit target for StartTrader’s first phase at just 2%. Yes, you read that right – only 2%. Here’s why:
We designed StartTrader to give beginner traders a gradual introduction to the prop trading industry. Just like in driving school, where you start in a parking lot before hitting the road, StartTrader eases you into trading challenges.
This program is divided into three evaluation phases, with profit targets that increase gradually. In the first and second phases, the profit targets are 2% and 3%, respectively, while the daily drawdown limit is more generous -5%. This means the maximum allowed loss is higher than the profit required, allowing you to test risk management practices or strategies without as significant risk as with other programs. StartTrader offers more room for error, making it perfect for those new to trading.
However, the lower profit target and the division into 3 phases are not the only features that make StartTrader different from our other programs, ProTrader and SwiftTrader. StartTrader has one more special rule: it teaches traders to repeat their successes and not rely on luck alone.
The Challenge Will Not Be Met by Luck Alone
At Fintokei, we are looking for consistent traders, not gamblers. While we know that most traders do not approach trading like roulette, our focus remains on those who trade conscientiously with a clearly defined strategy and plan.
Teaching this disciplined approach is crucial, especially for those new to prop trading. It’s always easier to learn the right procedures from the beginning than to unlearn bad habits later, particularly when those habits can be costly.
That’s why our StartTrader program includes a rule that allows traders to meet only 40% of the profit target for a given phase each day. This rule is designed to teach traders how to replicate their successes without relying on luck. It also ensures that the program is less appealing to gamblers.
Everything we do at Fintokei is driven by a clear vision: to provide both novice and experienced traders with the tools and conditions to accelerate their journey to success. The StartTrader program, designed to teach novice traders how to navigate the complex waters of prop trading, is a key part of this effort.
