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.