Frequently
Asked Questions
If you have any unanswered questions simply email
[email protected] and we’ll aim to reply within 24 hours.
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 informing you about your success. You don’t need to trade the account anymore 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 SIMULATED FUNDED ACCOUNT, the corresponding SIMULATED FUNDED ACCOUNT agreement will be terminated. You can always try again from scratch and order a brand new Simulated 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 special discounts/retry for failed challenges as we do not have a time limit—we give you all the time you need in order to pass our simulated challenge.
You will trade with the same account balance that you traded in the Simulated Funded Engineer Challenge. If you traded with $200,000 in the Challenge, you would also manage $200,000 in the Simulated 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. Clients are entitled to up to 80% of simulated profits generated on the Simulated Funded Engineer Account. This solution is much more administratively easier and gives us more freedom to manage risk actively. 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 simulated $500,000 per IP address per household per trader, at any given time. This can be understood as 2 accounts – each with simulated $250k, or 5 accounts – each with simulated $100k for example. Please be careful not to get multiple accounts through various registrations. If we discover identical trade strategies throughout various accounts 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 simulated funded account, we will be happy to allocate additional capital as per our scaling plan.
The bond between a trader and our affiliated Proprietary Firm is established through the Contract Agreement which will be provided to you upon successful completion of the Challenge and Verification. This agreement, known as the Funded Engineer Account Agreement, holds legal weight.
Refund: Refunds are given to users successfully passing their Phase 2 Superior, Phase 2 Standard and Phase 1 Turbo challenge, and getting a payout. The refund rate depends on the coupon code inserted while purchasing the challenge.
Your challenge will begin as soon as you place your first trade on the account after purchase.
In our Terms and Conditions, it is stated that all transactions made within trading accounts of our proprietary firm must not interfere with the functioning of the real market. Individual transactions and/or entire accounts could be annulled if this were the case. As for The Funded Engineer accounts, these positions would not be subject to a profit split and the contract is at risk of being terminated.
Upon confirmation of a successful payment, you’ll receive your Trading Platform and Dashboard login information within 5 minutes. For Coinbase Commerce payments, the order will not be processed until the payment is verified on the blockchain. This verification process can take some time and is dependent on network congestion. Once the payment has been confirmed, you will receive your Trading Platform and Dashboard login information promptly. If you have not received your account login information for more than 12 hours after the money has been deducted from your credit card/bank account/crypto wallet, check the spam, junk, and promotion inboxes of your registered email. In case you still can’t find your welcome email, please reach out to our live support chat. Provide them with your registered email address and order number, and someone from our Trader Success Team will assist you in getting your login information and getting back on track. Please be informed that the Coinbase Commerce payment gateway only accepts payments via the Ethereum network (ERC-20). If payments are sent via any other network (BSC for example), all funds will be lost and there is nothing Coinbase or Funded Engineer can do to recover them.
At Funded Engineer, our max simulated capital allocated to each trade is $500k, meaning the max amount across all simulated accounts you can have can not be greater than $500k, and with our scale-up VIP program the max amount of simulated capital a trader can scale to is 1.5 million. If a trader is caught using multiple account registrations in order to exceed the maximum $500k in simulated capital allocation it will be a breach of terms and they will be at risk of losing all accounts with Funded Engineer.
It is crucial to remember that, in leveraged trading, managing open positions and monitoring the necessary margin level at all times is the trader’s responsibility. For all Challenge and Funded Accounts, the Margin Rules are as follows: – Margin Call level – 110% – Stop Out level – 100%. If the margin level reaches 110%, a Margin Call will be triggered and the trader will not be able to open any new trades. If the margin level drops to or below 100%, a Stop Out will occur, at which point MetaTrader will begin closing open positions starting with the least profitable. To manage margin levels, traders may need to reduce the lot size of their positions or decrease the margin they are trading on. It is highly recommended to use proper risk management and utilize stop losses to prevent margin calls on the account. The available margin is based on the current account balance.
Traders utilizing the Purple Trading Seychelles for both Challenge Phases and Funded Accounts are subject to a maximum number of open positions per account, which is set at 200 positions. This limitation is implemented to conserve server capacity and enhance the overall user experience for all traders.
Permit the exchange of various financial instruments present on the trading platform. These typically encompass foreign currencies, raw materials, market indexes, and digital assets. Furthermore, we maintain a record of these instruments in our Funded Engineer tradeable asset sheet.
We want to remind you that our system automatically takes action on accounts that violate any of our drawdown rules or reach the end of their challenge period. To ensure compliance and track your progress, please visit the Trade Hub, navigate to the “Dashboard” section, and select the relevant account number from the dropdown menu in the top left corner. Make sure the account is set as “visible” in the Account Overview section of the Trade Hub before viewing it in the Dashboard.
You can only trade with blueberry during the challenge not with the funded phase.
If you took a challenge with blueberry you will automatically be switch to purple once you get funded.
Yes you can, however if the account is traded we cannot change immediately.
What we can do instead is automatically set your account to purple once profit target is hit in phase 1 and then you will be given phase 2 purple.
No, FundedEngineer isn't a broker.
FundedEngineer is a demo trading evaluation company providing our clients with simulated funded demo accounts after passing successfully a 1 or 2 phases evaluation process.
$5 USD per lot traded. Indices is FREE.
All stages of the cooperation between Funded Engineer and the client will take place through a demo account. Please note that a Funded Account is a fully simulated account that uses real market quotes from liquidity providers. The trading data is sent to a partnered proprietary trading firm, where trades are copied at their own discretion, using aggregated orders and proprietary risk management techniques. It is important to keep in mind that simulated or hypothetical performance results have certain limitations. These results do not represent actual trading and may have under or over-compensated for certain market factors such as lack of liquidity. Additionally, simulated trading programs, in general, are designed with the benefit of hindsight. Therefore, no representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Traders with a Simulated Funded Account will be eligible for payouts after 14 days of getting their funded account, to be eligible, the account must be in profit from the initial starting balance when the trader received the account. In order to submit a payout the trader must have:
No positions or orders open
The minimum simulated profit is 50$
For affiliate payout is $100
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
In the simulated challenge stage of the accounts, you are not able to merge the accounts. Upon completion and passing the 1-step or 2-step evaluation, we allow the merging of accounts. Please note that the max simulated allocation per trader is $500k, meaning the maximum we allow any trader to trade is simulated $500k.
Also please note that we cannot merge different style accounts together, for example, if you have a simulated $100k 1-step Turbo Challenge and a simulated $100k 2-step Superior Challenge, they cannot be merged together.
Turbo accounts have to be completely both un-traded for us to be able to merge.
Simulated Funded Accounts can only be combined when they are both at their starting balance and/or during the withdrawal period while waiting for the account to be reactivated. Please keep in mind that the next withdrawal date will default to the payout date of the last account being combined. For example: If you merge two 100K Superior Simulated Funded Accounts (both at 100K balance) which have upcoming withdrawals on September 6th and September 9th, once these accounts are merged into a 200K Superior Simulated Funded Account, the next withdrawal date for that account will be base from September 9th.
You placed a SL on all trades
You didn’t lose more than 1% on any single given trade
You will get a free retry if you reach "Geared Package" status which is part of our scaling plan. (edited)
At this time we offer all of our funded accounts through Purple Trading Seychelles.
Once you have downloaded the client terminal, please log in on the terminal using the account login details that we provide to you, and you should be good to go!
Simply sign up for a Simulated Funded Engineer Challenges, and either pick a competition you would like to participate in, or purchase a challenge and start your journey to becoming a Funded Engineer. Only traders who purchased can trade. Traders using other Credit Card is not allowed as it will breach the KYC/AML terms and conditions.
We accept traders from all around the world. There are no special qualifications required. All clients must be at least 18 years old. If you know how to trade profitably and with proper risk management, that is all we care about. Please note that the Funded Engineer does not provide services to persons in/from Cuba, Iran, Syria, Vietnam and North Korea, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.
Daily Drawdown remains at 4%. Max drawdown will remain at 6% trailing of your Highest Watermark Closing Trade made. Here is where the change comes into place. If your account reaches 6% of your starting balance your trailing Drawdown will lock in at your starting balance.
Example 1: You start out with a simulated 100k account. Your Daily drawdown is 4% and your Max Trailing is 6%. Your Daily drawdown level is simulated $96,000 and your Max trailing is simulated $94,000. Let's say you make simulated $8,000 profit. Once your account has made over 6% of the starting balance your Trailing now locks in at simulated $100k or simulated $100,000. It no longer trails. Drawdown includes profits and losses, swap fees and commissions and floating positions.
Example 2: You start out with a simulated 100k account. Your Daily drawdown remains at 4% of the purchase starting balance (FIX) and your Max Trailing is 6%. Your Daily drawdown level is simulated $96,000 and your Max Trailing is simulated $94,000. Lets say you make simulated $5,000 profit. This puts your account at simulated $105,000. You are no longer allowed to lose more than 6% of your Highest Water Mark Balance regardless if it is the same day or not. If you have simulated 105,000 Highest Water mark balance you shouldn’t go below - USD simulated 6300(6%) at any point in time. Daily drawdown will reset each Day at 5PM EST. Max Trailing will always be from Highest recorded balance unless you achieve 6% from your starting balance.
Example 1: You start out with a 100k account. Your Daily drawdown is 4% and your Max Trailing is 6%. Your Daily drawdown level is $96,000 and your Max trailing is $94,000. Let's say you make $8,000 profit. You request a withdrawal of $6,000. Being that your account achieved 6% your Max Drawdown is locked in at $100,000. This now leaves you with only 2% for Max drawdown.
Example 2: You start out with a 100k account. Your Daily drawdown is 4% and your Max Trailing is 6%. Your Daily drawdown level is $96,000 and your Max trailing is $94,000. Let's say you make $15,000 profit. You request a withdrawal of $8,000. Being that your account achieved 6% your Max Drawdown is locked in at $100,000. You now have a buffer of $7.000 till Max drawdown at $100,000.
Example 3: You start out with a 100k account. Your Daily drawdown is 4% and your Max Trailing is 6%. Your Daily drawdown level is $96,000 and your Max trailing is $94,000. Let's say you make $6,000 profit. You request a withdrawal of $6,000. Being that your account achieved 6% your Max Drawdown is locking in at $100,000. You will have failed your account because you left no buffer and your account has reached Max Drawdown.
The 1-phase turbo challenge has a simulated profit target of 10%, meaning if you have a simulated $100k account, in order to hit the simulated profit target you need to make simulated $10,000 (10%).
The drawdown for 1-step challenges is trailing and the drawdown for 2-step challenges is static.
Your maximum daily drawdown (DD) and overall DD are set at 4% and 6%, respectively. To illustrate, suppose your account balance is $100,000, then your maximum daily DD would be $96,000, and your maximum overall DD would be $94,000.
The drawdown parameters for 2-step superior challenges are a maximum daily loss of 5% and a maximum overall static loss of 10%. Thus, for instance, if your account balance is $100,000, your maximum daily loss is $5,000, as per the 5% limit. It is noteworthy that this percentage applies to the account’s initial starting balance at the time of purchase. Therefore, if you were to add an additional $10,000 to your account, making it $110,000, your Drawdown would remain the same, i.e., $5,000, at the start of a new trading day. Nevertheless, your maximum daily loss will persist at 5% of the initial starting balance, which in this example, would be $95,000.
The counting formula: Current daily loss = equity at the start of the day – current equity. Example: If you are trading a simulated $100,000 account and your starting equity of the day is $100,000 your maximum daily loss value is $4,000.
The daily drawdown limit for all phases is 5% for Standard and Superior 2-step simulated challenges. The rule says that the daily equity decrease must not hit the predetermined limit at any moment of the day EST – Eastern Standard Time. The counting formula: Current daily loss = Balance at the start of the day – current equity.
Example: If you are trading a simulated $100,000 account and your starting balance of the day is $100,000 your maximum daily loss value is $5,000. At no point in time can your daily equity go below 5% of your initial starting balance for the day. Please note that the 5% max daily loss is ALWAYS calculated off the intitial starting balance at the time of purchasing the account.
Yes you can, if the account is traded we will issue another account and you have to wait 5PM EST reset before you are allowed to start trading.
Keep in mind that your payout date will change as-well, it will be 14 days after taking your first trade to purple broker.
A Simulated Funded Account refers to any account where a client has the potential to receive compensation based on a percentage of the virtual profit generated within that account, as determined by the virtual Profit Split associated with the account. This compensation is subject to our Terms of Use and Customer Agreement.
Simulated Funded Accounts are granted to clients who have successfully completed one of our evaluation programs and fulfilled the necessary KYC/AML screening requirements to qualify for a Simulated Funded Account.
It's important to note that hypothetical or simulated performance results have certain limitations. Unlike actual trading records, simulated results do not reflect real trading activities. Additionally, since the trades have not been executed in reality, the results may over- or under-compensate for the impact of certain market factors, such as liquidity issues. Simulated trading programs, in general, are also designed with the benefit of hindsight. There is no representation being made that any account will achieve profits or losses similar to those demonstrated.
No, each user trades with virtual funds.
Once a client attains the status of a Simulated Funded Trader, they will gain access to a demonstration account equipped with virtual funds.
To eliminate any potential confusion, it's important to note that a Simulated Funded Account is a fully simulated account featuring authentic market quotes sourced from liquidity providers. The trading data is then forwarded to a partnered proprietary trading firm, where trades are replicated at their discretion through aggregated orders and proprietary risk management techniques.
It's crucial to acknowledge that hypothetical or simulated performance results come with specific limitations. Unlike actual trading records, simulated results do not mirror real trading activities. Additionally, because these trades have not been executed in reality, the results may either overcompensate or undercompensate for the impact, if any, of certain market factors, such as liquidity constraints. Simulated trading programs, in general, are also designed with the advantage of hindsight
In order to trade with our company and access our proprietary trading resources, potential traders must first pass through our evaluation process. The first step of this process is the Funded Engineer Challenge, which is designed to assess a trader’s ability to manage risk and trade responsibly. The challenge has specific guidelines and objectives that must be met, such as a balance between profit target and allowable drawdown. These objectives are referred to as Trading Objectives. The challenge has no time limit and can be completed in as little as 1 trading day. Once the Funded Engineer Challenge is successfully completed, traders can move on to the next stage of the evaluation process, known as the Verification phase.
The final step in our evaluation process is the Verification stage. This stage is designed to evaluate a trader’s consistency and ability to consistently profit using their chosen system or strategy while adhering to established rules. The Verification stage has less stringent Trading Objectives than the previous phase 1 Challenge stage, with a reduced profit target. However, traders can move on to trading with our firm as soon as they meet all the objectives.
Once you become a Simulated Funded Trader, you have proven your trading abilities and risk management skills. We do not require a profit target, instead providing freedom to trade without the pressure of reaching a specific goal.
The only requirement is adherence to the drawdown rules, which include maximum daily loss and maximum loss.
Yes you can trade news but we advise Traders should be cautious when trading news because the market can be highly volatile and unpredictable during news releases. Economic data, central bank announcements, and political events can all have a significant impact on the market and cause rapid price movements. These movements can be difficult to predict and can result in unexpected losses for traders who are not properly prepared. Additionally, news events can cause increased volatility and liquidity in the market, which can lead to wider spreads and slippage, making it harder for traders to execute trades at the desired price. Therefore, it’s important for traders to have a solid understanding of the potential impact of news events on the market and to have a plan in place for managing risk during these times.
All accounts participating in our challenges must be exclusively traded by the account owner without any changes once a phase has been successfully completed. Failure to comply with this requirement will be considered a violation of the account's terms.
Additionally, one household, one IP address should equal one trader. Failure to adhere to this rule will result in a breach of all accounts across all parties involved.
Funded Engineer allows copy trading from an account that you own and the trades are made by you. It’s permissible to copy trade an account from another prop firm, retail broker, or any external/internal source provided that the trades are your own. However, it’s not allowed to copy trade between two accounts not owned by the same person, this includes relatives and friends, also it’s not allowed to copy trade via EA unless the trades are taken by the same person. Please note that failure to comply with these policies will result in the termination of your account.
Funded engineer allows the use of Expert Advisors (EAs) on all accounts and all phases, however, there are some restrictions on the types of EAs that are allowed. Prohibited EA types include:
– High-frequency trading
– Arbitrage (reverse and latency)
– Multi-account reverse trading
– Tick scalping, and any EA designed to abuse a demo server.
Additionally, using a 3rd party EA from the open market increases the risk of violating the company’s copy trading rules. If you have any questions or concerns regarding the specific EA you plan to use, please contact [email protected] for more information.
Funded engineer allows copy trading from an account that you own and the trades are made by you. It’s permissible to copy trade an account from another prop firm, retail broker, or any external/internal source provided that the trades are your own. However, it’s not allowed to copy trade between two accounts not owned by the same person, this includes relatives and friends, also it’s not allowed to copy trade via EA unless the trades are taken by the same person. Please note that failure to comply with these policies will result in the termination of your account.
50 Lots is our max lot size limit, you can open multiple 50 lots until you ran out of margin of your account.
At Funded Engineer, we provide traders with the freedom to choose their trading styles and strategies without any restrictions. However, it is essential to adhere to our terms and avoid any activities that exploit the system or violate fair trading practices. Please take note of the following prohibited actions:
It is prohibited to:
(1) Utilize software, artificial intelligence, ultra-high-speed techniques, or mass data entry methods that may manipulate, abuse, or provide an unfair advantage when using our systems or services.
(2) Perform trades in a manner that contradicts how trading is typically conducted in the forex market or any other financial market, or in a way that raises justified concerns about potential financial or other harm to the provider resulting from the customer's activities.
(3) Conduct trades that contradict the terms and conditions of the provider and the trading platform.
(4) Execute trades using an external or slow data feed.
(5) Execute trades using an external or slow data feed.
(6) Knowingly or unknowingly use trading strategies that exploit errors in the services, such as price display errors or delayed updates.
(7) Engage in trades, either individually or in collaboration with others, with the intent to manipulate trading, such as entering into simultaneous opposite positions.
(8) Hedging different accounts with other Prop firm similar to Funded Engineer.
These guidelines are in place to ensure fair and transparent trading practices while protecting the integrity of our systems and services.
At Funded Engineer, we prioritize offering traders the freedom to choose their trading styles and strategies while ensuring a fair and transparent trading environment. To maintain this integrity, we have specific restrictions in place to prevent abusive practices. Please review the following comprehensive list of prohibited trading practices. Failure to comply with these guidelines will result in immediate account termination.
Group hedging, which involves individuals coordinating opposing positions across one or multiple prop firms to manipulate risk, is strictly prohibited.
Purchasing or providing account management services or engaging in prop firm passing services is strictly prohibited.
Sharing your account information or allowing someone else to pass an account on your behalf is not allowed, and any violations will result in the loss of all involved accounts. It is not allowed to mirror trades from another trader or group of traders across multiple accounts.
Funded Engineer provides the resources, capital, and guidance you need to turn your skills into a lucrative trading career. With our industry-leading programs and cutting-edge technology, you’ll have the tools to excel as a trader. Take on a challenge today!
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