It is my pleasure to have you read my Funded Engineer Review.
Funded Engineer claims to provide you with the best funding opportunity that can take your trade to the next level.
For these reasons, the company welcomes all traders from different parts of the world to their one-phase or two-phase funding programs.
In their funding programs, the prop firm offers a user-friendly profit target to enable you to easily qualify for their funded account.
This enables you to explore your trading potential and build income in the forex market.
With up to four funding programs, the prop firm claims to have enough options for funding opportunities.
However, you may not capitalize on these claims when making your judgment about the prop firm.
In this review, I take you through a detailed explanation of the inside out of this prop firm.
My primary focus is to assist you in determining the legitimacy of the prop firm, and evaluating whether it is a worthwhile investment or simply another market scam to steer clear of.
I will guide you through a comprehensive overview of the prop firm, covering all aspects of this prop firm.
With that in consideration, let’s commence…
Summary Of Funded Engineer Review
Name: Funded Engineer
Type: Proprietary Firm
Evaluation Fee: Starts from $59 depending on the Funding challenge and account size you choose.
Founders: Tristian Talbot & Harri Sawicki
Official Website: fundedengineer.com/
Overall Rating: 7/10
My Recommendation: Yes, but not for everyone; kindly read my review to see why
Funded Engineer Review – Overview
Funded Engineer stands out among the proprietary trading firms in the forex market, operating across over 110 countries.
With diverse funding programs, it extends trading opportunities to numerous traders globally.
Notably, the prop firm’s licenses in Dubai position it as one of the highest-paying entities in the forex market, drawing in a considerable number of traders.
To delve deeper into this platform, I’ve compiled all the essential information for you in this review.
However, before we explore further, let’s examine the advantages and disadvantages of this proprietary trading platform.
Also Read: Skilled Funded Traders Review
Pros Of Funded Engineer
- No minimum trading days
- No time limits
- Offers drawdown blocker tools
- Instant credentials after payment.
- Fast payout process of less than 48 hours
- Allows you to hold trade during the weekend.
- Allows you to trade auto-close
- VIP loyalty program
- Excellent rating on Trustpilot
- Offers scaling plan.
Cons Of Funded Engineer
- Does not offer a free trial.
- Still limited to 118 countries only.
Who Should Sign Up With Funded Engineer?
Funded Engineer is actively seeking individuals eager to explore their trading potential in the online domain.
While the prop firm welcomes aspiring traders, it does require a foundational understanding and skills in forex trading.
To assess your trading proficiency, the prop firm guides applicants through a single or two-phase evaluation process.
If you possess confidence in your trading abilities, you have the opportunity to take on the challenge and secure a funded account.
Applicants must also meet the minimum age requirement of 18 years to participate in trading activities on the platform.
Importantly, sustained profitability and consistency in your trading endeavors are crucial factors that determine your potential for establishing an income stream.
Important: Next Step Funded
What Is Funded Engineer?
Funded Engineer is a proprietary trading platform that helps you unleash your trading potential using their funding program.
The prop firm registered in Dubai provides you with up to 4 funding options to ensure you choose your best trading program.
In the four funding options, you’ll get the opportunity to interact with user-friendly profit targets.
This increases your chances of winning a funded account to start trading with the company funds in the platform.
According to the prop firm, it doesn’t matter whether you’re a starter or a seasoned trader in the forex market.
The prop firm gives equal opportunities for trade to everyone who chooses to trade with their funding program.
Therefore, provided you can take their challenge and get a funded account, you’ll be able to build your gateway to your financial growth.
By partnering with the best performing and most trusted broker in the forex market, Funded Engineer ensures all your funds are safe and secured.
This enables you to have security over all your earnings access your funds and build a passive income with your profit share.
To discover more about this proprietary firm, let us look at how it works.
How Does Funded Engineer Work?
Funded Engineer operates by providing you the opportunity to engage with their funding programs for trading in the forex market.
Through their funding program, the prop firm offers an attractive profit share, allowing you to earn up to 90% of the total profits generated from your trades.
In their partnership agreement program, you contribute your trading skills and finance the trades, subsequently earning a share of the profits.
The specific percentage of profit share is contingent upon your trading profitability and consistency.
The more successful and consistent you are, the larger your share of the profits.
Notably, Funded Engineer ensures that you receive the majority of the profits you generate, accompanied by round-the-clock customer support for your assistance.
Below outline of the entire trading process within the Funded Engineer prop firm.
Evaluation Process
Different challenges within Funded Engineer may involve either a single or a two-phase evaluation process.
These evaluation phases utilize a demo account, allowing you to trade with virtual funds.
This setup alleviates concerns about potential capital losses since the prop firm covers the virtual cash.
Despite being a demo account, it closely simulates the real trading process, replicating the same latency and market conditions.
This means that trading on the demo account mirrors the experience of trading with a real funded account in the live market, offering the opportunity to earn actual profits.
The primary distinction lies in the fact that the funds used are virtual, as the prop firm thoroughly assesses and tests your trading skills during the evaluation.
First Phase Evaluation
The first phase of evaluation also known as the challenge is the first step of your trade in the funding challenge.
In this stage, the prop firm tests your trading skills by allowing you to trade with a demo account within their trading rule.
The prop firm sets a profit target you must reach for you to move to the next stage of your trading.
Second Phase Evaluation
The second phase of evaluation also known as the verification phase completes your evaluation process in the platform.
In the second phase, the prop firm verifies if you truly passed your challenge by testing your consistency in your trade.
For instance, if you truly reached the profit target set in the first phase, you must be able to reach the lowered profit target in this phase.
The prop firm also tests that you respect the other trading skills set in the platform.
Funded Account
When you successfully complete your evaluation, you’ll move to a funded account.
In the funded account, you’ll trade with real funds and earn profits from your trade in the forex market.
The prop firm provides you with funds equal to your initial account balance and allows you to trade in the live market.
In this stage, there is no profit target set for you allowing you to set your own targets of trade in the market.
However, for you to qualify for their scaling plan, you will have to reach some set target and maintain high profitability.
In addition, the other trading rules such as drawdown and account leverage must be respected in the live funded account.
But how can you get started with your trading on the platform? Well, let me show you in the next section.
Important: Express Funded Review
How To Get Started With Funded Engineer
Getting started with this prop firm is as easy as joining any other prop firm in the forex market.
By, offering quick processes and instant account credentials, joining the platform to start trading becomes much easier and faster.
There are a few steps you will have to go through to get started which include:
Step One: Registration
First, you will have to register to the platform by submitting your personal details into their system.
This allows you to join their membership program and get access to their services including the funding programs.
Step Two: Choose Your Funding Program
There are up to four funding challenges available in the platform which include:
- Turbo Challenge
- Standard Challenge
- Superior Challenge
- Superior Challenge Lite
The variety of funding challenges available provides you with numerous options based on your preferences.
Before selecting any particular funding challenge, it’s advisable to review the trading rules associated with each.
However, rest assured, as I’ve comprehensively covered every aspect of the trading rules for you in the dedicated trading rules section of this review.
Step Three: Choose Your Account Size
After making up your mind on the account challenge you want, the next action is to choose one of its account sizes.
The account size you’ll choose will determine your trading balance as the prop firm will award you capital equal to your account balance.
For instance, if you choose an account size with a balance of $10,000, your funded account will also have an initial balance of $10,000.
For every funding challenge you choose, you will find up to seven account sizes with different balances as shown:
- $6,000 account size.
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
- $300,000 account size.
Step Four: Make Your Payment
Your registration fee will determine the account size you choose when it comes to payment.
Every account size in the funding challenge you choose will have a unique price which increases as the account size increases.
This means that if you choose a smaller account size, you will pay less to purchase it but with a larger account size, you will have to pay more.
I have though captured everything on the Funded Engineer account prices in the pricing section of this review for you.
In my opinion, I advise you to choose an account size you can afford to pay and get started with your trade.
If you have a low capital, you can consider choosing an account size with a lower price you can afford.
Even if the account has a lower balance, don’t worry more, you will get the opportunity to grow it with their scaling plan.
Step Five: Take Your Challenge
After purchasing your account size, the platform takes the shortest time possible to process your payment.
The prop firm then provides you with instant account credentials via your email when the processing is complete.
According to the prop firm, it takes a maximum of 48 hours for the processing to complete and receive your account credentials.
If your case takes more than this duration, you are advised to contact the customer support team on the platform.
But if you get your account credentials, you will get started with your trading journey by taking your challenge.
This allows your evaluation process to start with its duration depending on the phases of the funding challenge you choose.
When done with your evaluation, you will automatically get your funded account and start trading with real money.
What Is Contained In Funded Engineer?
Funded Engineer contains up to four Funding challenges with each of them having unique features.
These challenges include:
Turbo Challenge
Turbo Challenge is the first funding program available on the platform.
The Turbo challenge only has a one-step evaluation process and a funded account.
Standard Challenge
In the standard challenge, there are two-step evaluation processes and a funded account.
The evaluation process includes the phase one and phase two challenges.
Phase one is also known as the challenge stage while the second phase is considered the verification stage.
If you pass the two phases you will move to a funded account where you will be trading with the company funds.
Superior Challenge
The superior challenge is the third funding program available in the platform with up to a two-phase evaluation process.
This allows you to showcase your trading skills with their realistic targets before getting a funded account.
Superior Challenge Lite
This is the last challenge available in the prop firm that allows you to venture into trading and start your two-stage evaluation process.
The difference between the superior challenge light and the superior comes in the profit target set.
Let us go through the trading rules of each of these funding programs for you to see the difference.
What Are The Trading Rules Used In Funded Engineer?
The trading rules of each of the funding challenges in the platform are what bring out their unique differences.
However, some of the rules are common to all four funding challenges, let us look at each of the rules available in the platform.
Profit Target
The profit target of the four funding challenges is set as follows:
- Turbo Challenge
In the turbo challenge, there is only one phase evaluation process with a profit target of 10%.
You must reach this profit target for you to move to the funded account which has no set target.
- Standard Challenge
In the standard challenge, there is a phase evaluation process in which the first phase has a profit target of 8%.
In the second phase also known as the verification phase, the profit target is reduced to only 5% while the funded account has no target.
- Superior Challenge
In the superior challenge, there are two phases evaluation process with the first phase having a profit target of 10%.
In the second phase and funded account, there is no set profit target.
This means that you will only have to respect the remaining trading rules for you to move to a funded account.
- Superior challenge lite
In the superior challenge lite, there is a phase evaluation process in which the first phase has a profit target of 8%.
In the second phase also known as the verification phase, the profit target is reduced to only 5% while the funded account has no target.
Simulated Maximum Daily Loss
The simulated maximum daily loss, also known as the maximum daily drawdown or maximum daily loss, depends on the funding challenge you choose.
They include the following;
Turbo challenge which has a simulated daily loss of 4% in all its trading stages is evaluation and funded account.
Standard challenge has a simulated maximum daily loss of 5% in its two stages of evaluation and in its funded account.
Superior challenge has a simulated maximum daily loss set at 5% in all its two stages of the evaluation process and in the funded account.
Superior challenge lite which has a maximum daily loss of 4% in the two stages of their evaluation and in the funded account.
Simulated Maximum Overall Loss
The simulated maximum loss, also known as the maximum drawdown or maximum overall loss, depends on the funding challenge you choose.
They include the following;
Turbo challenge which has a simulated overall loss of 6% in all its trading stages is evaluation and funded account.
Standard challenge has a simulated maximum loss of 10% in its two stages of evaluation and in its funded account.
Superior challenge has a simulated maximum loss set at 10% in all its two stages of the evaluation process and in the funded account.
Superior challenge lite which has a maximum overall loss of 8% in the two stages of their evaluation and in the funded account.
Maximum Trading Leverage
In the standard challenge, the maximum trading leverage is set at 1:30.
However, the three other funding challenges have their maximum trading challenge set at 1:100.
Profit share
In the four challenges available in the platform, the company sets its initial profit share of 80%/20%.
However, if you become a professional trader by maintaining high profitability and consistency, the share increases to 90%/10%.
What Is Funded Engineer Scaling Plan?
Funded Engineer offers a scaling plan that allows you to grow your account balance to a maximum of $2,000,000.
Participating in this scaling plan entails several benefits for all traders:
- You can enhance your profit share from the initial 80%/20% to a more favorable 90%/10%.
- Your initial account balance will see a boost of 40%.
- The daily drawdown limit of your account will be increased by 1%, providing more flexibility, while the overall loss limit will increase by 2%.
- By participating in the scaling plan, you become eligible for withdrawals of profits every seven days.
Qualification
For you to qualify for the scaling plan, you must be consistent in your trading for at least four months.
During the four months, you must maintain a profit target of at least 2% every month and a net profit of 15%.
What Is Funded Engineer’s Trusted Broker?
Funded Engineer partners with one of the most recognized brokers in the forex market.
They are called purple trading brokers regulated by legal authorities governing forex trading in the market.
This ensures all your funds and trading accounts are safe and secured throughout the journey.
What Trading Instruments Are Allowed In Funded Engineer?
The prop firm allows you to trade a variety of instruments including the following:
- Forex pairs
- Commodities
- Indices
- Cryptocurrencies.
What Is The Cost Of Joining The Funded Engineer?
The cost of joining Funded Engineer depends on the account size and funding challenge you choose as follows.
Turbo Challenge Account Prices
- $6,000 account size costs $59.
- $10,000 account size costs $109.
- $25,000 account size costs $209.
- $50,000 account size costs $309.
- $100,000 account size costs $499.
- $200,000 account size costs $959.
- $300,000 account size costs $1,449.
Standard challenge account prices
- $6,000 account size costs $69.
- $10,000 account size costs $135.
- $25,000 account size costs $250.
- $50,000 account size costs $375.
- $100,000 account size costs $575.
- $200,000 account size costs $ 1,100.
- $300,000 account size costs $1,600.
Superior challenge account prices
- $6,000 account size costs $59.
- $10,000 account size costs $119.
- $25,000 account size costs $225.
- $50,000 account size costs $329.
- $100,000 account size costs $529.
- $200,000 account size costs $999.
- $300,000 account size costs $1,499.
Superior Challenge Lite Account Prices
- $6,000 account size costs $59.
- $10,000 account size costs $109.
- $25,000 account size costs $199.
- $50,000 account size costs $299.
- $100,000 account size costs $499.
- $200,000 account size costs $949.
- $300,000 account size costs $1,449.
Note that all these payments are one-time fees and the platform does not incur any other additional charges.
Is There A Refund Policy On Funded Engineer?
The Funded Engineer offers you a refund policy for your registration fee on the platform.
The refund is done when you make your first payment on the platform.
This means that you must get a funded account and start trading in the live market for you to get a refund.
If you fail to get to a funded account, you’ll not likely qualify for the refund policy program in the platform.
How Does The Payouts Work On Funded Engineer?
The prop firm allows you to make your withdrawal in the first 14 days of your trade with a funded account.
You will then make your subsequent withdrawals every seven days of your trade.
In addition, all the payments are processed in a maximum of 48 hours.
If your case takes a longer period than 48 hours, you are advised to contact the customer support team that operates 24/7.
The payment can be done via bank transfer or credit card.
Is Funded Engineer A Scam?
In my opinion, Funded Engineer is a legitimate prop firm.
The platform offers up to four challenges, so you can choose one that meets your preferences.
Additionally, the firm offers many account sizes, giving you plenty of options to choose one that you can afford.
From there, you can venture into your trading process to build income.
The profit targets set by the firm are realistic and user-friendly, increasing your chances of reaching the funded account stage.
In the funded account, you can earn up to 90% of your profits and qualify for their scaling plan.
For these reasons, Funded Engineer provides you with the best opportunity to succeed in your forex trading career.
However, the firm may not be an option for everyone despite its amazing offers.
Firstly, it is not available worldwide as it covers only 118 countries.
Secondly, the firm targets traders with high trading skills who can meet their trading conditions and rules.
Lastly, the account sizes may be too expensive for some low-income traders.
Keep these factors in mind when considering whether to join the platform.
My Assessment Of Funded Engineer
Profits Split: 9/10
Funded Engineer has the best profit split in the forex market offering up to 90% of profit share to their traders.
You will begin with an excellent profit share of 80% and advance to 90% if you become a professional trader on their platform.
This makes them the best-paying prop firm in the forex market.
Scaling Opportunities: 9/10
The scaling plan in the platform is amazing, increasing your account balance by up to 40%.
This allows you to grow your account balance to up to $2 million and earn more from your trade.
This means that it won’t take you a longer time to succeed in the platform if you are highly profitable.
Profits Targets: 8/10
The profit targets set in the platform are much more realistic and user-friendly compared to most prop firms in the market.
This allows many target traders to reach a funded account and start earning from their trade.
It also attracts many traders to join the platform and use it to build their trading career in the forex market.
Affordability: 5/10
The account sizes in the platform are readily affordable to most traders as they offer lower account sizes with fair chargers.
For instance, you can get an account on the platform for as low as $59 and get started with your trade.
Trader Supports: 6/10
The prop firm offers 24/7 ready support to their traders to ensure each one of them succeeds in their trade.
According to the prop firm, you’ll not be kept waiting if you contact their support team.
They promise to provide you with an instant and quick response that effectively solves your problem in the platform.
Tradable Assets: 8/10
There are many tradable assets accepted on the platform.
The assets give you more options for trade to ensure you get the best out of your trading in the market.
Trustworthiness: 7/10
By partnering with a recognized and trusted broker, the prop firm ensures all your funds and trading processes are safe and secured.
This makes them win the trust of their traders while in the forex market.
My Overall Rating is 7/10
In general, I rate Funded Engineer prop firm 7/10.
Who Owns Funded Engineer?
Tristian Talbot
Funded Engineer platform is owned by two successful individuals, Tristian Talbot, and Harri Sawicki who are the founders and CEO of the platform.
Tristian is a seasoned trader and has more than five years of experience in trading in the forex market.
On the other hand, Harri is a fast-forward and disciplined entrepreneur with many years of experience in business.
He decided to partner with Tristian to come up with the Funded Engineer prop firm to help more traders get an opportunity to trade in the forex market.
They provide traders with the best condition of trade making them not worry about investing their capital in the forex market.
What Are People Saying About Funded Engineer
Funded Engineer Review Trustpilot
Funded Engineer has an excellent rating in the Trustpilot platform earning a 4.8/5-star rating (January 11, 2023).
In reviews of more than 800 reviewers, up to 92% of them gave the prop firm a five-star rating.
FAQs About Funded Engineer
Is There Any Recurring Charges In The Funded Engineer?
Funded Engineer has no recurring charges in their platform.
The platform has a one-time fee for each of their account sizes in their platform.
After paying the one-time, you’ll not pay any other prices in your entire trading journey.
Can I Get Another Chance If I Break The Funded Engineer Trading Rules?
If you breach a rule in your trading process in the Funded Engineer trading platform, your account will risk being closed.
This will deny you the opportunity to continue with your trading journey on the platform.
However, you can purchase a new account on the platform and start your new trading journey with the evaluation stage.
What Are The Conditions Of Making Payouts In The Funded Engineer?
Before requesting your trade, ensure there are no active trades in your account.
The minimum payout for affiliates is set at $100 with the possibility of a refund if you are making your first withdrawal request.
Can I Trade Using Expert Advisors In The Funded Engineer?
Funded Engineer allows you to trade using expert advisors in their platform to boost your trade.
However, there are restrictions to the expert advisors you can use when trading with their funded account.
They include; high-frequency trading, news scalping, arbitrage that involves reversing and latency, and multi-account reverse trading.
Thank you for reading my Funded Engineer Review.
If you have any additional information about this prop firm, feel free to let me know in the comment section below.
I’ll reply as soon as possible.