Consistency rules
As part of restricting the gambling practices and aggressive trading, we could apply any of the following consistency rules to any or all of your active Fintokei demo account(s):
require you to use Stop Losses and limit your maximum risk per trade, per account or per day
cap your maximum daily profit*
cap your maximum daily loss*
reduce leverage
set your maximum daily lot exposure
restrict trading during news
apply 40% Consistency rule** for the Payout request eligibility
apply a Net positive payout policy*** for the Payout request eligibility
Any of such restrictions would remain applicable for the whole trading period on your evaluation account, as well as on all the following accounts that the current account would upgrade or scale to.
Such restrictions may apply even on any new Fintokei demo account purchased by you in the future.
Currently, the most frequent application of Consistency rules is the following:
If any of your accounts are in ProTrader Evaluation program, ProTrader - Phase 3 program, and the SwiftTrader program, then:
The leverage on all such accounts will remain at 1:10 for FX and 1:5 for all the other instruments.
Daily Profit Cap: Maximum daily profit will be capped at +1% (calculated from the Starting balance).
Daily Loss Cap: Maximum daily loss will be capped at -1% (calculated from the Starting balance).
This can however be individual to every particular client, depending on their overall trading performance and other factors.
Explanations:
*Daily Profit / Loss cap:
Capping the daily profit or loss works as a “soft breach”.
In case the daily profit or loss cap is hit, the system will close all your open trades and set your account to read-only until midnight (server time). A few minutes after midnight (server time) the system will re-enable trading on your account and you can continue.
You will receive an automated email about reaching the daily cap, and another email as soon as the trading is re-enabled.
The daily profit or loss cap is calculated as:
a certain percentage from your Starting Balance, which then reflects in the maximum amount of Equity you can earn (“daily profit cap amount”) or lose (“daily loss cap amount”) per one trading day (midnight to midnight server time)
the exact calculation on your account would be:
Equity level to activate the daily profit cap soft breach = previous day EOD Equity + the daily profit cap amount
Equity level to activate the daily profit cap soft breach = previous day EOD Equity - the daily loss cap amount
In case your account’s equity is below your starting balance, the system will take starting balance into the consideration for the calculation of maximal daily profit, instead of the current equity.
Also please note that once this restriction is applied to your account, you will be able to see your maximum daily profit or loss cap, as well as the Equity levels for activation of these soft breaches (updated daily) in your dashboard in MyFintokei.
** 40% Consistency rule for the Payout request eligibility:
This means that to be eligible to request a Payout no more than 40% of the total profit during the payout cycle can come from 1 trading day. Or in other words, that the profits from closed trades from 1 trading day can not equal or be greater than 40% of the total profits made on your ProTrader - phase 3 or on SwiftTrader account.
If this condition is not met it will not breach your account. We will however not process your Payout request and you will need to continue trading and to reach the total profit that will make you pass this rule.
What should traders do if they make more than 40% of the total profits in one trading day?
For example:
If you make a total profit of $10,000 in closed trades on your ProTrader - phase 3 account, and in one day you have made $4500 which is beyond the 40% consistency rule then you cannot request a Payout. You will need to continue trading and try to make more profits until the profits of every trading day will be less than 40% of total profits.
If you make $2,000 more profits, the total profits made will be $12,000 and now $4500 will be less than 40% of total profits made, so you will be able to request a Payout.
This consistency rule resets after every approved payout, and will be calculated based on the new trading profits made after each payout.
*** Net positive payout policy for the Payout request eligibility
Payouts for traders with multiple ProTrader - phase 3, StartTrader - phase 4 or SwiftTrader accounts will only be allowed if all such active accounts were at break-even or profitable (which means the Equity was equal or higher than the Starting Balance) at the end of day before the Payout is requested.
This ensures payouts would only go to the traders whose overall performance reflects profitability, rather than rewarding gains in one account while others would be in drawdown.
This policy is designed to uphold consistency without removing key features, ensuring a fair and transparent trading environment. If any of your accounts are in drawdown, you will need to trade them back to profitability to be eligible to request a payout on any of them.