Contents
- Funded Engineer Overview
- Funded Engineer Summary Information
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- Funded Engineer Package and Prices
- Funded Engineer Scalling Plan
- Funded Engineer Withdrawal Options
- Is The Funded Engineer Program A Scam?
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- Funded Engineer Reviews
- Funded Engineer Contacts Information
- Funded Engineer Social Media & Community
Funded Engineer Overview
Funded Engineer is a prop firm that has introduced some excellent changes to the way they set out their challenges. A prop firm is a firm that offers capital in exchange for passing a challenge that is usually paid for in advance. Those who pass the test in line with the required criteria, gain access to the funds to trade with according to the account they purchased. This can be anywhere from $10,000 USD up to $500,000 USD
Funded Engineer offers a prop challenge that is quite different to FTMO and even My Forex Funds. Since they offer the normal index trading in the standard MT4 & MT5 platforms, this can be an excellent leg up for those who don’t want to trade futures and access the cheaper My Forex Funds program.
Funded Engineer Summary Information
| 💰 Account currency: | USD |
| 🚀 Minimum deposit: | $59 |
| ⚖️ Leverage: | 1:50 & 1:100 |
| 💱 Spread: | No |
| 🔧 Instruments: | Currencies, indices, and commodities, Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| ❌ Drawdown Blocker: | Yes |
- Offers a profit share of up to 90%.
- Freedom to scale up to a 20% drawdown
- Has a user-friendly dashboard
- No time limits
- DrawDown Blocker Tool
- 1 Step Turbo Challenge Support
- Monthly Salary
- Does not offer free trials
- Limited support option
- Some account challenges are too expensive to purchase.
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Funded Engineer Package and Prices
There are differences between Funded Engineer packages, such as leverage and drawdown limit. The prices of Funded Engineer packages are as follows;
Turbo Challenge (1 Step)
| Price | Funding Amount |
|---|---|
| $59 | $6,000 |
| $125 | $10,000 |
| $225 | $25,000 |
| $350 | $50,000 |
| $550 | $100,000 |
| $1050 | $200,000 |
| $1550 | $300,000 |
| $2050 | $400,000 |
| $2550 | $500,000 |
Standart Challenge (2 Step)
| Price | Funding Amount |
|---|---|
| $69 | $6,000 |
| $135 | $10,000 |
| $250 | $25,000 |
| $375 | $50,000 |
| $575 | $100,000 |
| $1100 | $200,000 |
| $1600 | $300,000 |
| $2150 | $400,000 |
| $2600 | $500,000 |
Superior Challenge (2 Step)
| Price | Funding Amount |
|---|---|
| $59 | $6,000 |
| $125 | $10,000 |
| $225 | $25,000 |
| $350 | $50,000 |
| $550 | $100,000 |
| $1050 | $200,000 |
| $1550 | $300,000 |
| $2050 | $400,000 |
| $2550 | $500,000 |
Funded Engineer Scalling Plan
Geared Package
| Availability | After 3 months of profitable trading |
| Split Upgraded | From 80/20 to 90/10 |
| Initial Account Balance | +25% |
| Max drawdown | Increased by +2% |
| Max daily drawdown | Increased by +1% |
| Same day withdrawals $200 USD monthly salary ($6,000 to $100,000 challenges) $500 USD monthly salary ($200,000 to $500,000 challenges) | |
| Monthly 1 on 1 coaching session with Mindset Psychologist | |
| Free Challenge if account fails (Same value as initial purchase) | |
Geared Up Package
| Availability | After 6 months of profitable trading |
| Split Upgraded | 90/10 |
| Initial Account Balance | +50% |
| Max drawdown | Increased by +4% |
| Max daily drawdown | Increased by +2% |
| Same day withdrawals $500 USD monthly salary ($6,000 to $100,000 challenges) $1,000 USD monthly salary ($200,000 to $500,000 challenges) | |
| Monthly 1-on-1 coaching session with Mindset Psychologist | |
| Free Challenge if account fails (Same value as initial purchase) | |
Geared Elite Package
| Availability | After 9 months of profitable trading |
| Split Upgraded | 90/10 |
| Initial Account Balance | +75% |
| Max drawdown | Increased by +6% |
| Max daily drawdown | Increased by +3% |
| Same day withdrawals $500 USD monthly salary ($6,000 to $100,000 challenges) $,1000 USD monthly salary ($200,000 to $500,000 challenges) | |
| Monthly 1-on-1 coaching session with Mindset Psychologist | |
| Free Challenge if account fails | |
| Concierge service – Worth to up | 2,000 USD |
Engineered Package
| Availability | After 12 months of profitable trading |
| Split Upgraded | 90/10 |
| Initial Account Balance | +100% |
| Max drawdown | Increased by +10% |
| Max daily drawdown | Increased by +4% |
| Same day withdrawals $500 USD monthly salary ($6,000 to $100,000 challenges) $,1000 USD monthly salary ($200,000 to $500,000 challenges) | |
| Monthly 1-on-1 coaching session with Mindset Psychologist | |
| Free Challenge if account fails | |
| Concierge service – Worth to up | 5,000 USD |
At the same time, the trader must have processed at least three withdrawals within the three-month period. Additionally, the trader’s account balance must be higher than the initial balance at the time of the increase.
If the trader meets the requirements, the Funded Engineer team will contact you within 24 hours via email and provide the extra balance and new drawdown rules for your account.
If you have merged two accounts together, we apply the 25% balance increase to the initial challenge balance.
How to qualify to receive a monthly salary from Funded Engineer?
Reach at minimum our scaling plan “Geared package” status in order to benefit from a monthly allowance paid directly to you. Terms of trading apply. Monthly salary will apply on a per user basis.
Funded Engineer Withdrawal Options
Traders with a funded account will be eligible for payouts after 14 days of getting their funded account, to be eligible, the account must be in profit from the initial starting balance when the trader received the account. In order to submit a payout the trader must have:
- No positions or orders open
- The minimum withdrawal request must be at least $50
Once you submit a withdrawal your account will be placed on read-only and no trades will be able to be placed until the review and withdrawal process is complete.
You can withdraw your profits with various methods such as Deel, crypto money.
Is The Funded Engineer Program A Scam?
Funded Engineer is not a scam; you can access their funding program and trade using their capital in the forex market. However, you must pass through their evaluation process to qualify for their funding program. In the evaluation process, the program expects you to showcase your trading talent and skills that can help you get the best of your trades. Therefore, you must be able to trade in the forex market with an outstanding trading experience in the available trading instruments. In addition, you must be more than eighteen years of age for you to be accepted to join the program. There is also a one-time evaluation fee that you must be able to pay in the program for you to choose your preferred account and start your trading. The program provides you with multiple accounts, depending on the account size and price. If you can trade while respecting their trading rules, you will stand a chance to succeed in their funding program. On the other hand, you must be a good risk manager and consistently make high profits in your trading process.
The prop firm has official accounts on Facebook, Twitter, Instagram, and YouTube, where relevant information is published. You can also join the company’s Discord or Telegram community. All the links are included in the website’s footer.
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Funded Engineer Reviews
Funded Engineer’s truspilot page has 413 reviews as of the date of this article. 92% of the reviews are 5 stars and 5% are 1 star reviews.
Funded Engineer Contacts Information
Funded Engineer stated the following as the official address on her website.
Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates
Funded Engineer; does not share company information on the “about us” page on its website. Instead, the privacy policy page has the following company information;
- Company Name: FundedEngineer FZCO
- Lisence Number: 24345
Compared to competing companies, funded engineers share very limited information about contact and company information.