Funded trader firm Fintokei has paid out over €4m in 2024 so far, according to a statement released by the firm on Thursday.
Fintokei said that the average payout was approximately €4,000, with the highest payout topping out at €40,000.
That average would imply that the total number of traders that received a payout was around 1,000.
“The [€4m] payout to our traders is not only a major achievement for Fintokei but also a testament to our dedication to supporting and rewarding skilled trading professionals,” said company CEO David Varga. “We’re incredibly proud of the talented traders in our community who drive our success through their commitment and expertise.”
The funded trader company also said that one trader earned over €4,000 in one day. The trader, who is from the Czech Republic, was trading in EUR/JPY and apparently held the position open for seven hours after an economic data release.
Fintokei also said in its statement that it has seen a a 195% rise in purchased evaluation accounts and a 180% increase in overall turnover in 2024 so far, compared to 2023.
Prior to this year, the firm was focused exclusively on the Japanese market. However, in the past few months the company has branched out and started to acquire clients in the European Union and other regions too.
“Our mission is to continue expanding and innovating to offer our traders the best possible conditions,” added Varga. “This milestone is just the beginning, and we look forward to further success in the future.”