In the fast-paced world of online Prop trading, finding the right platform to hone your skills and propel your financial journey can be a daunting task. Among the myriad of options, Funded Engineer Prop firm stands out as a beacon for aspiring traders seeking a seamless path to success. In this review, we will look closely at the details of this platform, including how it handles fund trading, user’s experiences, fees.
If you don’t know what a prop firm is, it’s basically a company that provides you with capital to trade in the financial markets, and you get to keep a percentage of the profits you make. Sounds outstanding, right? Well, some prop firms may not offer the same standards, and they may impose hidden fees, have unrealistic rules, or provide poor support.
Foremost, let’s talk about the essence of FundedEngineer.com. It’s not just a platform; it’s a gateway to turning your trading dreams into reality. The allure of being funded, taking calculated risks, and enjoying the fruits of your strategic decisions sets a Funded Engineer Prop firm apart from the rest. The Funded Engineer rules seamlessly integrate with your trading instincts, giving you the power to navigate the volatile markets safely.
Instruments
Funded Engineer is a proprietary trading firm with a focus on trading various financial instruments, including:
- Forex: This refers to the foreign exchange market, where currencies are traded.
- Commodities: These are raw materials or primary products that can be bought and sold, such as gold, oil, or agricultural products.
- Indices: This typically refers to stock market indices, which represent a specific segment of the financial market, such as the S&P 500 or Dow Jones Industrial Average.
- Cryptocurrencies: Digital or virtual currencies, like Bitcoin and Ethereum, that use cryptography for security and operate on decentralized networks.
Now, let’s discuss the major topic that everyone is thinking about – cryptocurrency. In a world dominated by digital assets, Funded Engineer recognizes the importance of including cryptocurrencies in its arsenal. Whether you’re a Bitcoin enthusiast or an altcoin, this platform opens up a world of possibilities. The crypto integration is not just a feature; it’s a testament to Funded Engineer’s commitment to staying ahead of the curve.
Spreads & Fees
Funded Engineer’s spreads are tight enough to squeeze through a porthole. They can widen during stormy market conditions, leaving you feeling like you just got caught in a financial squall.
- EURUSD: 0.3 pips
- GBPUSD: 0.6 pips
- EURGBP: 0.6 pips
- USDJPY: 0.5 pips
They’re like those pesky barnacles clinging to your hull.
Lot Commissions are low, but watch out for those pesky swaps lurking in overnight positions. They can bite harder than a shark if you’re not paying attention.
- FX & Gold : $5 USD per lot
- Indices and crypto : Zero 🤩
Brokers
They’ve handpicked not just any brokers, but industry titan Purple Trading, your gateway to a smoother, more satisfying trading experience.
Unbiased Transparency
In the realm of online trading, transparency is key. Funded Engineer takes pride in being a beacon of unbiased information. No hidden fees, no deceptive tactics–just a straightforward approach to empower its users. The transparency extends beyond the platform itself; user reviews are a testament to the authenticity of the Funded Engineer experience.
Profit Payouts That Turn Heads
Let’s talk about the real deal–profits. One of the defining factors of any trading platform is its payout structure. Funded Engineer, true to its name, doesn’t just aim to fund your account; it aims to fuel your success. The profit payouts are not just numbers on a screen; they’re a reflection of your trading prowess and the platform’s commitment to rewarding its users.
In Funded Engineer’s case, offering a profit share of up to 90% means that once you are “funded” (meaning you have successfully passed their evaluation and are trading with real capital), you keep a very significant portion of the profits you generate.
Here’s how it could work:
- Scenario 1: You generate a $10,000 profit for Funded Engineer. With a 90% profit share, you would keep $9,000 and Funded Engineer would keep $1,000.
- Scenario 2: You generate a $5,000 loss for Funded Engineer. You wouldn’t be personally liable for the loss, but your account balance would decrease by $5,000.
Important things to consider:
- Reaching the 90% profit share may be challenging. Often, prop firms have tiered profit-sharing structures. For example, you might start with a lower share (e.g., 70%) and then climb to higher percentages as you consistently show profitability.
- Performance fees, or other charges, might apply. While you keep much of the profits, Funded Engineer might still have other fees or charges, such as evaluation fees, account management fees, or performance-based fees.
- High risk, high reward. Prop trading inherently carries significant risk. While the potential for large profits is appealing, it’s important to understand the potential for losses as well.
Legit or Scam? Let’s Unravel the Mystery.
The internet is rife with tales of scams and fraudulent schemes. But fear not, as we unravel the mystery surrounding the Funded Engineer’s legitimacy. The platform stands tall in the crowded space of Prop Firms, with a track record that speaks volumes. It’s not just legit; it’s a significant change for those who dare to dream big in the trading arena.
Funded Engineer’s withdrawal options offer some benefits like early access and flexible methods, but also have limitations like position restrictions and account freeze. Carefully consider these factors, especially if you have specific trading styles or withdrawal needs, before committing to their prop firm program.
My Personal Experience
What’s a review without the voices of those who have walked the path before you? Prop Firm’s user reviews are a symphony of success stories. Each testimonial adds a layer of authenticity to the platform’s credibility.
It’s not just about numbers; it’s about the community of traders who have found a home in the world of Funded Engineer.
I joined Funded Engineer about two months ago, after passing their evaluation phase. The evaluation phase comprises trading with a demo account, and meeting certain criteria such as profit target, maximum drawdown. The evaluation phase costs $575 “without promotional discount coupon”, which is refunded if you pass. I found the evaluation phase to be challenging but fair, and I learned a lot this period.
After passing the evaluation phase, they funded me with $100,000 to trade with. The profit split is 80/20, meaning I get to keep 80% off the profits I make, and they get 20%. If the account balance decreases by over 10%, they will disqualify me from the program because the maximum drawdown is 10%. To stay in the program.
So far, I have been trading with Funded Engineer for two months, and I have made a total profit of $7,500. That means I get to keep $6000, and they get $1500. Not bad for two months of work, right?. Of course, there were some difficulties along the way, and some days were better than others. But overall, I am thrilled with my performance and the support I received from Funded Engineer.
Pros 😍
- Instant account access.
- No Minimum Trading Days.
- Hold Trades Over The Weekend.
- Receive payouts within 48 hours.
- They provide you with a large amount of capital to trade with.
- They have a unique dashboard & scaling plans that works well.
- They have a team of support who are very helpful and knowledgeable.
- They have a reasonable profit split, low fees and No time limits.
- Harri Sawicki and Tristan Talbot‘s credibility: their experience as a funded traders themselves lends confidence to the firm’s approach. This shows understanding of the challenges and potential of prop trading.
- High Trustpilot rating: A 4.7-star rating suggests positive experiences from a significant number of users. This shows potential legitimacy and satisfaction among traders.
- Reportedly large payouts: Claims of substantial payouts to funded traders are enticing, although details and verification are crucial. This suggests potential profitability for skilled traders.
Cons 🤐
- They have a strict maximum drawdown limit that can be stressful.
- They don’t allow trading stocks, options and futures.
- No Free trials.
- Restrictions on open positions: The requirement to close all positions before withdrawal can be inconvenient for active traders and potentially lock in profits or losses prematurely.
- Account freeze during withdrawals: Placing the account on read-only mode while processing withdrawals disrupts active trading strategies and could frustrate for fast-paced traders.
- Limited withdrawal methods: While Deel and crypto cover some preferences, options like Wise, PayPal, Payoneer, Local bank transfers might be missing for others.
Final Verdict
In conclusion, Funded Engineer is a prop firm I would recommend to anyone who is interested in trading and has some experience in the financial markets. They provide you with a lot of capital and a supportive team. However, they also have some rules and restrictions that you need to follow and respect. If you are looking for more freedom and variety in your trading, Funded Engineer may not be the best fit for you.
But before you raise the Jolly Roger, heed these warnings:
- Prop trading is high-risk, high-reward. Don’t invest more than you can afford to lose, and be prepared for choppy waters and potential losses.
- Do your research! Funded Engineer isn’t the only prop firm out there. Compare fees, evaluation criteria, and user reviews before setting sail.
- Manage your expectations. Getting funded is no walk in the park. Be patient, hone your skills, and don’t get discouraged by setbacks.
Forget clunky interfaces and outdated platforms! Funded Engineer’s tech game is on point. Their mobile app lets me trade on the go, seamless integration with my preferred tools, and even AI-powered risk management. It’s like having a trading assistant in my pocket, always keeping me ahead of the curve
0
Funded Engineer may not be suitable for all individuals. They establish demanding standards, with rigorous assessments and strict risk management protocols. However, for a proficient trader with self-control, the potential rewards are substantial. Although I did not succeed in my initial endeavor with their $100k challenge, their educational materials and constructive criticism assisted me in making progress. I ultimately succeeded in my second attempt and am now reaping the advantages of a funded account. The stress may be overwhelming, but the sense of achievement makes it all worthwhile.
0
The Funded Engineer journey wasn’t just about trading, it was about self-discovery. The evaluation pushed me to my limits, forcing me to confront my trading demons. My mentor became my coach, my confidante. We didn’t just build trading strategies, we built resilience. Today, I’m funded, yes, but more importantly, I’m a better trader and a stronger person. Thanks, FundedEngineer, for the transformation.
0
I’ve been with FundedEngineer for almost a year, and it’s been a game-changer for my career. Their scaling model is fantastic – I started with a $5k account and am now trading with $1 million thanks to consistent performance. The 90% profit share on funded accounts feels fair, and the monthly prize pool competitions add an extra layer of excitement. The community of FundedEngineer traders is also quite supportive and helpful.
0
Funded Engineer may not be suitable for all individuals. They establish demanding standards, with rigorous assessments and strict risk management protocols. However, for a proficient trader with self-control, the potential rewards are substantial. Although I did not succeed in my initial endeavor with their $100k challenge, their educational materials and constructive criticism assisted me in making progress. I ultimately succeeded in my second attempt and am now reaping the advantages of a funded account. The stress may be overwhelming, but the sense of achievement makes it all worthwhile.
0
I’ve been with FundedEngineer for almost a year, and it’s been a game-changer for my career. Their scaling model is fantastic – I started with a $5k account and am now trading with $1 million thanks to consistent performance. The 90% profit share on funded accounts feels fair, and the monthly prize pool competitions add an extra layer of excitement. The community of FundedEngineer traders is also quite supportive and helpful.
0
Demo accounts were my trading purgatory. I craved real markets, real pressure, but no prop firm offered a fair shot. Then came FundedEngineer! Their evaluation program was tough, but the support was incredible. My mentor pushed me, not babied me, and I landed a funded account. Now, I trade for a living, on my own terms. Freedom feels amazing!
0
I’d seen the prop firm scams. Hidden fees, impossible challenges. Funded Engineer felt different. Transparent fees, profit-sharing? I had to see for myself. The evaluation was rigorous, but fair. They pushed my skills, not my wallet. Today, I’m funded, profitable, and a believer. Thanks, Funded Engineer, for proving me wrong!
0
Solo trading was lonely. Strategies stagnated, doubts crept in. Funded Engineer changed everything. Their community buzzed with insights, support, and camaraderie. Seasoned traders shared wisdom, newbies like me asked questions. Suddenly, I wasn’t alone. My confidence soared, trades sharpened, and my account balance reflected it. Thanks, Funded Engineer, for the community that makes me a better trader.
0
Traditional prop firms shut me out, locked behind national borders. Frustrated, I found Funded Engineer.
Global reach, seamless onboarding – a breath of fresh air! Today, I trade alongside traders from Tokyo to Toronto. The diverse community inspires me, their strategies broaden my horizons. Funded Engineer truly opened the world of trading, and I’m grateful for the chance to thrive on a global stage
0
My bank account used to weep after each trade. Enter FundedEngineer, the financial comedian who turned my losses into laughter (and profits!). Their evaluation was like boot camp for my funny bone, but hey, I got funded! Now, I trade with the confidence of a stand-up comedian on a roll. Thanks, FundedEngineer, for making money hilarious!
0
FundedEngineer isn’t just a prop firm, it’s a rocket ship to trading success! The evaluation was intense, but I felt like an astronaut training for the moon. My mentor was my Mission Control, guiding me through every challenge. Now, I’m funded, blasting off to profit frontiers, and loving every minute of it. Buckle up, future traders, FundedEngineer is your launchpad!
0
Yeah, yeah, every prop firm promises the world. Funded Engineer? Color me surprised. They actually delivered. Transparent fees? Check. Supportive mentors? Check. Funded account after the evaluation? Shockingly, check. So, if you’re tired of the prop firm smoke and mirrors, Funded Engineer might be the breath of fresh air (and profits) you crave.
0
Funded Engineer offers a unique value proposition within the prop trading landscape. Their rigorous evaluation process ensures a high caliber of funded traders, fostering a collaborative and results-oriented community. The transparent fee structure aligns incentives, creating a true partnership between trader and firm. If you seek a prop firm experience that prioritizes professionalism, performance, and mutual success, Funded Engineer is a compelling option.
0
Fundedengineer appealed to my data-driven approach. Their evaluation metrics were clear, feedback detailed, and progress tracked meticulously. It wasn’t just about passing, but demonstrably improving my strategy. Now, funded and thriving, I attribute my success to their data-centric approach and constant optimization guidance.
0
Let’s be honest, trading can get monotonous. Funded Engineer reignited the spark! Their diverse challenges, live trading events, and gamified elements kept me engaged and adrenaline pumping. It’s not just about making money, it’s about the thrill of the hunt, and they understand that perfectly.
0
Transparency is key for me. FundedEngineer’s fee structure was crystal clear, no hidden costs or surprises. The profit-sharing model aligned their interests with mine, creating a genuine partnership. It fostered trust and allowed me to focus on what mattered most – making profitable trades
0
Juggling work, family, and trading felt impossible. FundedEngineer offered a flexible solution. Their self-paced evaluation fit my schedule, and the community provided support even when I couldn’t be online. Now, I trade profitably in my spare time, proving that success is possible even with a demanding life
0
Location independence is my dream. FundedEngineer made it a reality. Their remote-friendly platform allowed me to trade from anywhere in the world. The diverse community connected me with traders from all corners, fostering a global perspective on the markets. Trading with them feels like exploring the world, one profitable trade at a time.
0
Trading can be isolating. FundedEngineer provided the social connection I craved. Their vibrant community forum buzzed with discussions, live chat offered real-time support, and even regional meetups fostered camaraderie. It’s like having a trading family, always cheering me on and celebrating my wins.
0
Losses had me questioning my abilities. FundedEngineer offered a lifeline. Their 2 phases program gave me a fair shot at redemption. Supportive customers’ team helped me identify my mistakes, develop a new strategy, and rebuild my confidence. Today, I’m back on track, proving that even setbacks can be stepping stones to success.
0
FundedEngineer wasn’t just a prop firm, it was an education. Their in-depth FAQs, live webinars, and expert interviews equipped me with the knowledge and skills I needed to thrive.
The evaluation process itself was a valuable learning experience. Today, I’m not just funded, I’m empowered to make informed decisions and navigate the markets with confidence.
0
Past losses haunted me. Prop firms felt like a risky gamble. FundedEngineer offered hope. Flexible evaluation options, understanding mentors – they saw my potential, not my mistakes. The journey wasn’t easy, but their support got me there. Today, I’m profitable, and the past fades with every winning trade. FundedEngineer gave me a second chance, and I grabbed it with both hands.
0
undedNext’s generous profit splits allowed me to quit my day job and trade full-time. The sense of freedom and flexibility is incredible. Now I can dedicate myself to trading and grow my capital significantly.
0