Funded Engineer offers trading capital of up to $2,000,000 to retail traders through its 1-phase and 2-phase challenges with no time limit for a minimum price of $39. But what are Funded Engineer prop firm rules?
We’ll explore the daily drawdown, total loss limit, challenge prices, trading strategies (News and Bots), customer support, profit target, scaling plan, the curious case of the firm’s bankruptcy in 2024, and many more in this Funded Engineer review.
Funded Engineer; Prop Firm Information
Funded Engineer is back! The Dubai-based proprietary trading firm filed for bankruptcy earlier this year in July 2024 due to the financial difficulties followed by its brokerage partner, FPFX Technologies, stopping services in prop space.
However, the prop firm is live now and has successfully launched its in-house technology. Key features of Funded Engineer:
- Founded and managed by Tristian Talbot and Harri Sawicki;
- Established in April 2023 in the UAE;
- Multiple challenge programs (Turbo, Superior, Swing, and Superior Lite);
- Simulated funded accounts ranging from $6,000 to $200,000;
- Leverage options of up to 1:100.
Funded Engineer Table of Specifications
The prop firm processes payouts within 48 hours and allows for News trading, use of EAs, and over the weekend positions. Here is a quick look at what Funded Engineer has to offer.
Account currency | USD |
Minimum price | $39 |
Maximum leverage | 1:100 |
Maximum profit split | 90% |
Instruments | N/A |
Assets | N/A |
Evaluation steps | 1-Step, 2-Step |
Withdrawal methods | Crypto, Bank Transfer |
Maximum fund size | $2,000,000 |
First profit target | 8% |
Max. daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Trading platforms | N/A |
Commission | N/A |
TrustPilot score | 3.9 |
Payout frequency | Bi-weekly |
Established country | UAE |
Funded Engineer Prop Firm Pros & Cons
The company operates as a provider of simulated funded accounts and not a brokerage company. However, it fully complies with the laws of the United Arab Emirates. Let’s check some upsides and downsides of Funded Engineer.
Pros | Cons |
Access to larger trading capital (up to $2 million) | Lack of proper support channels |
Various promotional programs | Filed for bankruptcy after 1 year of operation |
Up to 90% profit split | Reported delays in payouts |
No time limit | Lack of transparency regarding trading costs |
Funded Engineer Challenge Price
The firm offers thorough challenge programs with 1-phase or 2-phase evaluations at different prices to cater to traders of all levels.
Account Size | Turbo | Superior | Superior Lite | Swing |
$6K | $39 | $49 | $49 | $59 |
$10K | $79 | $89 | $79 | $129 |
$25K | $149 | $169 | $149 | $239 |
$50K | $229 | $249 | $229 | $349 |
$100K | $379 | $409 | $379 | $549 |
$200K | $699 | $779 | $699 | $999 |
Funded Engineer Rules
The company has implemented industry-average trading rules and conditions, from leverage options to maximum daily loss.
It also shows flexibility in regard to trading strategies, including news trading, hedging, trading bots, copy trading, overnight, and over the weekend positions. Key rules of Funded Engineer challenges:
Conditions | 1-Phase | 2-Phase | ||
Turbo | Superior | Superior Lite | Swing | |
Target | 10% | 10% / 5% | 8% / 5% | 10% / 5% |
Max Daily Loss | 4% | 5% | 4% | 4% |
Max Total Loss | 6% | 10% | 8% | 10% |
Drawdown Type | Trailing | - | - | - |
Leverage | 1:100 | 1:100 | 1:100 | 1:20 |
Profit Split | From 80% to 90% | |||
Funded Engineer Prop Firm Discount Code and Promotion
The firm offers monthly discount codes through its Instagram, Twitter, and Facebook pages. It also has a comprehensive affiliate program with a 4-tier structure. Funded Engineer promotions:
- Promo Codes: The latest promo code, “NINETY”, was valid from June 5th to June 12th, 2024, which offered a 5% discount, 90% lifetime split, and a 100% bonus;
- Affiliate: Earn up to 15% commission from sales and free superior challenge accounts for referring new clients.
Funded Engineer Prop Firm Tradable Markets
The company provides access to global trading markets with leverage up to 1:100 through its simulated funded accounts. However, the exact data about available trading instruments is not provided on the Funded Engineer website.
Funded Engineer Withdrawal and Deposit
Funded Engineer supports fiat and crypto transactions for payments and payouts. Note that to make a withdrawal request, you must make a minimum profit of 1% of the account’s initial balance. Funded Engineer payment options:
- Deposit: Crypto (BTC, ETH, LTC, USDC, and USDT) and Credit/Debit Cards;
- Withdrawal: Crypto (USDT ERC20 or TRC20) and Rise (USDC or Bank Transfer).
Funded Engineer Trading Fees and Commissions
The prop firm doesn’t provide any specific information regarding the fee structure, from commissions to spreads, on its website. The lack of transparency on trading costs can be a warning for potential clients. Make sure to contact the support team before committing to any programs.
Funded Engineer Reviews
User satisfaction is one of the most important topics in this Funded Engineer review. The company has garnered mixed user ratings on various platforms.
TrustPilot has rated the firm 3.9 out of 5.0 based on 1,284 comments. While the trust score is pretty good, multiple negative comments regarding account closures and delays in withdrawals indicate that the firm is not to be trusted blindfolded. Make sure to conduct thorough research before purchasing any challenges.
How to Reach Funded Engineer Customer Support?
The firm boasts 24/7 support through various channels, including email, ticket system, and the Discord community. However, when we attempted to contact them, we found out that the listed support email was not a valid address.
Email (Not Valid) | livesupport@fundedengineer.com |
Ticket | Through the “Contact Us” page |
Funded Engineer Prop Firm on Social Media
Funded Engineer, with 26,681 members, has a big community on Discord. It also maintains activity on other social media platforms, including:
Expert suggestions
Funded Engineer provides retail traders with funded simulated accounts ranging from $6K to $200K with leverage options of up to 1:100. The accounts have a refundable fee of $39 to $999.
Funded Engineer prop firm filed for bankruptcy on 15 July 2024 after 15 months of operation. However, it’s back now with an in-house trading platform and client dashboard.
However, the lack of proper support channels and transparency regarding fee structure, trading platforms, and available markets are alarms for potential clients. Share your thoughts about the Funded Engineer review in the comments.
