Fintokei Pro Trading Firm Distributes over €4 Million To Traders
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Traders at Fintokei have received more than €4 million in payments this year, according to the proprietary trading firm. The company stated that it now records over 400,000 trades daily via its platform.
The firm noted that the average payout for successful trades is about €4,000, while the biggest trade in a single day stood at €40,000. Fintokei has been experiencing immense growth, especially in its major metrics, since the beginning of the year.
These include a 180% increase in overall turnover, a 195% surge in acquired evaluation accounts, as well as a 175% surge in the number of traders on its platform.
Fintokei Wants To Expand Its Operations To Accommodate More Traders
Co-Founder of Fintokei, David Varga, commented on the development. He stated that the latest development is a testament that the company is committed to offering its support and rewards to skilled trading professionals on its platform.
The €4 million payout is also an indication of the steps the company wants to take in favor of its traders. He added that the firm is excited about the payouts and proud to have such wonderful trading professionals who are driving the firm to greater success. He lauded the expertise and dedication of the traders, adding that the firm will continue providing an environment that will enable more success in their trades.
The prop trading market is filled with mixed results. While some firms are struggling to make a single payment since this year, others are finding it easier to distribute funds.
The Funded Trader Has Not Paid Clients Since March
Since March this year, The Funded Trader has been struggling to distribute funds to traders due to some issues it has been facing. The company recently issued a statement to address the issue, promising to speed up the payment process.
In a recent survey carried out by PipFarm, it was revealed that 60% of traders in pro-trading firms lose their invested funds, with an average of $4,300 invested on average. The survey also revealed that 75% of all traders prefer clear trading and fast payouts over high-profit or low-price shares.
Fintokei says it wants to take advantage of its recent success by expanding its operations. The firm began its pro-trading business in 2021, offering opportunities for trading professionals to trade in various financial instruments.
These include commodities, stocks, and currency pairs. Prop trading is different from traditional trading because the former assumes the risk, allowing traders to concentrate only on strategy development and performance.
