The proprietary trading company is processing 400,000 transactions per day.
Moreover, the number of active traders surged by 175%.
The Fintokei team at Invest Cuffs 2024 in Krakow
Fintokei, a
proprietary trading company, has distributed over €4 million to its traders so
far this year. The prop firm, which was founded by the same group behind the Czech-rooted Purple Trading retail broker, now processes more than 400,000 trades daily through its infrastructure.
€4M Payout and 175%
Increase in Traders
The average
payout for successful traders stands at approximately €4,000, with the largest
single payout in the Czech Republic reaching nearly €40,000. Since the end of
2023, Fintokei has experienced substantial growth across key metrics, including
a 175% increase in traders, a 195% rise in purchased evaluation accounts, and a
180% surge in overall turnover.
David Varga, Co-Founder of Fintokei and Purple Trading, Source: LinkedIn
“The 4
million EUR payout to our traders not only represents a major milestone for
Fintokei but also underscores our commitment to supporting and rewarding
skilled trading professionals,” David Varga, co-founder of Fintokei, commented.
“We're incredibly proud of the talented traders in our community who drive
our success through their dedication and expertise.”
While some
companies are distributing funds, others have been struggling with this issue
for six months. For example, The Funded Trader has been unable to settle
payments to its clients since March. This week, the proprietary trading firm
issued a statement indicating that it has taken steps to expedite this process.
According
to a survey conducted by PipFarm, 75% of all traders prioritize fast payouts
and clear trading rules over low prices or high profit shares.
Fintokei’s Expansion
Fintokei has operated in the proprietary trading space since 2021, where firms fund skilled
traders to trade various financial instruments such as currency pairs, stocks,
and commodities. Unlike traditional trading, prop trading firms assume the
risk, allowing traders to focus solely on performance and strategy development.
“Our
mission is to continue expanding and innovating to offer our traders the best
possible conditions,” Varga added. “This milestone is just the
beginning, and we look forward to further success in the future.”
In mid-June, the company announced that it was expanding its operations beyond Central Europe and Japan, which until then had generated 75% of the enterprise's revenues. Now, a company within the Purple Holding group is aiming to grow in Australia, Southeast Asia, and other parts of Europe.
The significance of the Japanese market is highlighted by the fact that this year, popular tennis player Yoshihito Nishioka from the region joined the ranks of official ambassadors for the prop trading brand.
Fintokei, a
proprietary trading company, has distributed over €4 million to its traders so
far this year. The prop firm, which was founded by the same group behind the Czech-rooted Purple Trading retail broker, now processes more than 400,000 trades daily through its infrastructure.
€4M Payout and 175%
Increase in Traders
The average
payout for successful traders stands at approximately €4,000, with the largest
single payout in the Czech Republic reaching nearly €40,000. Since the end of
2023, Fintokei has experienced substantial growth across key metrics, including
a 175% increase in traders, a 195% rise in purchased evaluation accounts, and a
180% surge in overall turnover.
David Varga, Co-Founder of Fintokei and Purple Trading, Source: LinkedIn
“The 4
million EUR payout to our traders not only represents a major milestone for
Fintokei but also underscores our commitment to supporting and rewarding
skilled trading professionals,” David Varga, co-founder of Fintokei, commented.
“We're incredibly proud of the talented traders in our community who drive
our success through their dedication and expertise.”
While some
companies are distributing funds, others have been struggling with this issue
for six months. For example, The Funded Trader has been unable to settle
payments to its clients since March. This week, the proprietary trading firm
issued a statement indicating that it has taken steps to expedite this process.
According
to a survey conducted by PipFarm, 75% of all traders prioritize fast payouts
and clear trading rules over low prices or high profit shares.
Fintokei’s Expansion
Fintokei has operated in the proprietary trading space since 2021, where firms fund skilled
traders to trade various financial instruments such as currency pairs, stocks,
and commodities. Unlike traditional trading, prop trading firms assume the
risk, allowing traders to focus solely on performance and strategy development.
“Our
mission is to continue expanding and innovating to offer our traders the best
possible conditions,” Varga added. “This milestone is just the
beginning, and we look forward to further success in the future.”
In mid-June, the company announced that it was expanding its operations beyond Central Europe and Japan, which until then had generated 75% of the enterprise's revenues. Now, a company within the Purple Holding group is aiming to grow in Australia, Southeast Asia, and other parts of Europe.
The significance of the Japanese market is highlighted by the fact that this year, popular tennis player Yoshihito Nishioka from the region joined the ranks of official ambassadors for the prop trading brand.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
