Frequently Asked Questions
At funded engineer we offer multiple challenges with specific requirements in order to pass each challenge, we offer some of the best conditions in the industry with more than fair rules, simply complete each objective and we will grant you access to your new funded account !.
There is no minimum trading day requirement to become a funded engineer, as soon as you complete all requirements you can move on to the next stage. All said and done you can become a funded engineer in as little as 3 days.
After you have passed all the Trading Objectives in the Funded engineer challenge, you will see a notification in your Account MetriX informing you about your success, and you don’t need to trade the account any more once your Trading Objectives are marked as passed. We will be automatically alerted that you have passed your Challenge and we will proceed to evaluate your trading results accordingly. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage.
If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course. If the breach happens on your FUNDED ACCOUNT , the corresponding FUNDED ACCOUNT agreement will be terminated. You can always try again from scratch and order a brand new funded engineer challenge if you wish to become our Trader. If you violate the Trading Objectives, your initial fee paid for the Challenge is forfeited so be sure to stay safe and respect the rules. We do not offer a free retry as we do not have a time limit we give you all the time you need in order to pass our challenge.
You will trade with the same account balance that you traded in the funded engineer Challenge. If you traded with $200,000 in the Challenge, you would also manage $200,000 in the Funded account stage to avoid any confusion, please note that all accounts we provide to our clients are demo accounts with virtual funds. After a client becomes a funded trader, he/she is provided with login credentials for a demo account, with the difference that the Account is connected to our Proprietary Trading Firm’s live trading account where we generate real cash flow. Clients are entitled to up to 90% of profits generated on the Funded engineer Account. This solution is much more administratively easier and gives us more freedom to actively manage risk. If you wish to trade with a higher account balance, you can simply apply for another Challenge and trade more accounts. Each Challenge needs to be traded from the beginning, irrespective of the progress on your other accounts. As we need to diversify our risk and exposure, we allow a maximum capital allocation of $500,000 per trader or per strategy, at any given time. This can be understood as 2 accounts – each with $250k, or 5 accounts – each with $100k, etc. Please be careful not to get multiple accounts through various registrations. If we discover the identically traded strategies throughout various accounts and exceeding $500,000 in the allocated capital value, we reserve the right to suspend those accounts as per the T&Cs. On the other hand, if you are consistently profitable on the funded engineer funded account, we will be happy to allocate additional capital as per our scaling plan.
The daily drawdown limit for both step one and live funding is 3%. The rule says that at any moment of the day EST – Eastern Standard Time), the daily equity decrease must not hit the predetermined limit. The counting formula: Current daily loss = equity at the start of the day – current equity. Example: If you are trading a $100,000 account and your starting equity of the day is $100,000 your maximum daily loss value is $3,000.
The daily drawdown limit for all phases is 5%. The rule says that at any moment of the day EST – Eastern Standard Time, the daily equity decrease must not hit the predetermined limit. The counting formula: Current daily loss = equity at the start of the day – current equity. Example: If you are trading a $100,000 account and your starting equity of the day is $100,000 your maximum daily loss value is $5,0000.