Company Information

Company Name: Funded Engineer
Company Legal Name: Funded Engineer FZCO
Company Registration No.: 11998945
Operating Since: December 15, 2022
CEO Name: Tristian Talbot

Challenge Details

Funded Engineer provided four challenge programs to cater to traders with different preferences and strategies: Turbo Challenge, Superior Challenge, Superior Lite Challenge, and Swing Challenge.

Turbo Challenge Details

Pricing:

$6,000 Account: $39
$10,000 Account: $79
$25,000 Account: $149
$50,000 Account: $229
$100,000 Account: $379
$200,000 Account: $699

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 4%
Profit Share: 80%, up to 90%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Commodities (Metals & Energies): 1:20
- Indices: 1:20
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 7 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

Superior Challenge Details

Pricing:

$6,000 Account: $49
$10,000 Account: $89
$25,000 Account: $169
$50,000 Account: $249
$100,000 Account: $409
$200,000 Account: $779

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%, up to 90%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Commodities (Metals & Energies): 1:20
- Indices: 1:20
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 7 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

Superior Lite Challenge Details

Pricing:

$6,000 Account: $49
$10,000 Account: $79
$25,000 Account: $149
$50,000 Account: $229
$100,000 Account: $379
$200,000 Account: $699

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 80%, up to 90%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Commodities (Metals & Energies): 1:20
- Indices: 1:20
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 7 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

Swing Challenge (No Restrictions) Details

Pricing:

$6,000 Account: $59
$10,000 Account: $129
$25,000 Account: $239
$50,000 Account: $349
$100,000 Account: $549
$200,000 Account: $999

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 4%
Profit Share: 80%, up to 90%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:20
- Commodities (Metals & Energies): 1:10
- Indices: 1:10
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 7 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

Scaling Plan

Funded Engineer offered a four-stage scaling plan with which traders could grow their account by 160%.

Scaling Stages:

Geared Stage:-

Availability: After 4 months of simulated profitable trading
Simulated Split Upgraded: From 80%/20% to 90%/10%
Initial Account Balance: +40%
Max Drawdown: Increased by +2%
Max Daily Drawdown: Increased by +1%
Withdrawal: Every 7 days withdrawal
Coaching: N/A
Free Challenge: Free Challenge if account fails
Concierge Service: No
Salary: Up to $600

Geared Up Stage:-

Availability: After 8 months of simulated profitable trading
Simulated Split Upgraded: 90%/10%
Initial Account Balance: +80%
Max Drawdown: Increased by +4%
Max Daily Drawdown: Increased by +1%
Withdrawal: Sameday
Coaching: Yes
Free Challenge: Free Challenge if account fails
Concierge Service: No
Salary: Up to $1,150

Geared Elite Stage:-

Availability: After 12 months of simulated profitable trading
Simulated Split Upgraded: 90%/10%
Initial Account Balance: +120%
Max Drawdown: Increased by +5%
Max Daily Drawdown: Increased by +1%
Withdrawal: Sameday
Coaching: Yes
Free Challenge: Free Challenge if account fails
Concierge Service: Up to $2,000
Salary: Up to $1,250

Engineered Stage:-

Availability: After 16 months of simulated profitable trading
Simulated Split Upgraded: 90%/10%
Initial Account Balance: +160%
Max Drawdown: Increased by +10%
Max Daily Drawdown: Increased by +2%
Withdrawal: Sameday
Coaching: Yes
Free Challenge: Free Challenge if account fails
Concierge Service: Up to $5,000
Salary: Up to $1,450

Spreads and News Trading Rules

Spreads:

Funded Engineer had partnered with Purple Trading to provide the most competitive spreads in the market.

News Trading Rules:

Funded Engineer allow traders to trade during news but traders were not allowed to trade 6 minutes before or 6 minutes after any high impact news event. During this 12 minutes window, any profit made in this time will not be counted but closing any existing trades were allowed.

Other Important Rules

Daily Drawdown Calculation:

For Turbo Challenge :- Funded Engineer calculates daily drawdown based on trailing drawdown which means the drawdown amount stay still but changes its place to a higher watermark as the account grows.

For Superior, Superior Lite and Swing Challenge - Funded Engineer calculated daily drawdown based on static drawdown which means the drawdown amount stays still throughout the challenge or funded phase.

Countries Banned from Purchasing:

Funded Engineer restricted their services to certain countries, which include :-

Cuba
Syria
Iran
Vietnam
Lebanon
Pakistan
Iran
UAE
Kosovo
Yemen
North Korea
USA

Prohibited Trading Strategies:

Funded Engineer had a list of prohibited trading strategies to maintain fair trading enviornment :-

High-frequency trading
Arbitrage
Execute trades using an external or slow data feed.
Multi-account reverse trading
Group hedging
Account management Services
Account Passing Services
News Scalping
Copying trades from someone else
Use of VPN

Payout Methods

Traders could request payouts via cryptocurrency or the Rise platform, with options for USDC and bank transfers.

Trading Commissions:

Funded Engineer had partnered with PurpleTrading to provide the most competitive commissions.

IP Rule:

Funded Engineer had not mentioned any information related to Ip Rule on their website.

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