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Purple Trading & Fintokei CEO David Varga on launching a prop in Japan
In this episode of the TradeInformer Podcast, we speak to David Varga. David is the Co-Founder of retail broker Purple Trading, as well as the funded trader firm Fintokei. We talk about his background, setting up Purple Trading, and more.
Visit us at https://TradeInformer.com
Follow our WhatsApp Channel: https://www.whatsapp.com/channel/0029VaHtXFz4o7qDXUBLib2G
00:00 - Intro
00:51 - What is Purple Trading / Fintokei?
03:02 - What made Purple Trading a success?
06:08 - Purple Trading and FTMO
08:49 - Did Purple Trading benefit from its work with props?
11:21 - Are props being targeted more by scammers?
14:33 - Trading strategy problems?
17:20 - What is Fintokei?
21:15 - Is Japan a hard market to crack?
23:58 - What marketing strategies did you use in Japan?
28:32 - How do you build brand rep in a new industry?
30:46 - What markets are you targeting?
34:15 - Do you need sales people at a prop?
37:31 - Are marketing costs rising?
39:51 - How do you manage risk?
42:46 - Overconfidence post-challenge
45:16 - Will this replace the broker industry?
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By TradeInformerIn this episode of the TradeInformer Podcast, we speak to David Varga. David is the Co-Founder of retail broker Purple Trading, as well as the funded trader firm Fintokei. We talk about his background, setting up Purple Trading, and more.
Visit us at https://TradeInformer.com
Follow our WhatsApp Channel: https://www.whatsapp.com/channel/0029VaHtXFz4o7qDXUBLib2G
00:00 - Intro
00:51 - What is Purple Trading / Fintokei?
03:02 - What made Purple Trading a success?
06:08 - Purple Trading and FTMO
08:49 - Did Purple Trading benefit from its work with props?
11:21 - Are props being targeted more by scammers?
14:33 - Trading strategy problems?
17:20 - What is Fintokei?
21:15 - Is Japan a hard market to crack?
23:58 - What marketing strategies did you use in Japan?
28:32 - How do you build brand rep in a new industry?
30:46 - What markets are you targeting?
34:15 - Do you need sales people at a prop?
37:31 - Are marketing costs rising?
39:51 - How do you manage risk?
42:46 - Overconfidence post-challenge
45:16 - Will this replace the broker industry?