Funded Engineer stands as a distinguished proprietary trading firm helmed by the proficient trader, known as ‘Trader Tristian’. With an impressive track record of securing top positions on leaderboards and garnering substantial payouts from numerous prop firms, Tristian has carved a reputable niche for himself. Leveraging his extensive expertise as a funded trader, he has uniquely positioned Funded Engineer in the market.
Setting itself apart from the competition, Funded Engineer boasts an exceptional scaling strategy, unrestricted temporal constraints, and a transparent challenge framework. This comprehensive Funded Engineer assessment will meticulously examine its merits and drawbacks, furnishing you with all the requisite particulars. This equips you to make an informed decision regarding its suitability as the optimal proprietary firm catering to your needs.
Who are Funded Engineer?
Funded Engineer is a prop trading firm that’s revolutionizing the way traders approach their challenges. In essence, a prop firm provides traders with capital in exchange for successfully completing a predefined challenge, often requiring an upfront fee. Once a trader meets the specified criteria and passes the challenge, they are granted access to funds for trading, commensurate with the type of account they’ve purchased. These accounts can range from as little as $10,000 USD to as much as $500,000 USD.
Funded Engineer’s innovative approach to prop trading has garnered attention for its commitment to helping traders gain access to capital and hone their skills. This unique model empowers traders to take control of their financial futures, providing them with the resources they need to succeed in the competitive world of trading.
Who are the Founders of Funded Engineer?
Meet the visionaries behind Funded Engineer, a cutting-edge trading firm dedicated to fostering profitable traders and revolutionizing the industry.
Tristian – Founder/CEO
Tristian, a seasoned day trader with over five years of experience in the markets, has embarked on a mission to redefine the trading landscape. After honing his skills and navigating various firms for the past 1.5 years, he recognized the need for change within the industry. Funded Engineer was born out of his determination to address these challenges.
One of the core issues Tristian identified was the unrealistic drawdown limits that often left traders accountless, despite their prior successes. To tackle this problem, Funded Engineer has pioneered an innovative scaling plan. This plan not only bolsters trading capital but also extends maximum and daily drawdown limits, ensuring a more sustainable and long-term trading environment. Tristian’s ultimate goal is to empower traders with the resources and support they need to achieve lasting profitability through Funded Engineer.
Harri – Founder/CEO
Harri, a disciplined and forward-thinking entrepreneur, joins forces with Tristian to co-found Funded Engineer. With years of experience under his belt, Harri envisions creating a thriving trading community and providing the ideal conditions for traders to excel in their careers.
Coming from a professional gambling background, Harri intimately understands concepts like variance, risk-reward, and the psychological rollercoaster that traders ride. Armed with this knowledge, he is determined to guide Funded Engineer users past the hurdles in their trading journeys.
Together, Tristian and Harri share a commitment to ushering in a new era of trading, where success is not elusive, but attainable, and where traders have the support and environment they need to thrive. Funded Engineer is their brainchild, a testament to their dedication to this cause.
Why You Should Consider Funded Engineer?
Step into the world of trading excellence with Funded Engineer – a prop firm that redefines your trading journey. Here’s why you should consider this exceptional platform:
- Proven Leadership: Led by the accomplished trader ‘Trader Tristian,’ Funded Engineer boasts a leader with a consistent track record of clinching top spots on leaderboards and securing substantial payouts from various prop firms. This experience-driven leadership sets the tone for success.
- Innovative Scaling Plan: Unlike traditional firms, Funded Engineer offers a unique scaling plan that accelerates your growth. It’s not just about trading – it’s about multiplying your potential and capitalizing on your skills.
- Time Freedom: Bid farewell to restrictive time limits. Funded Engineer empowers you with the freedom to trade at your own pace. This ensures that your decisions are well-thought-out and aligned with market dynamics.
- Fair Challenge Parameters: Transparency is paramount. Funded Engineer provides a level playing field with fair challenge parameters. Your success is determined by your trading acumen, eliminating any unfair advantages.
- Tailored for Growth: Whether you’re a seasoned trader or just starting, Funded Engineer is designed to nurture your growth. It’s a platform where your performance is valued and rewarded, making it an ideal partner in your trading endeavors.
Steps To Get Funded
Funded Engineer paves a clear path toward funding through its distinct challenge options. Here’s a breakdown of the ‘Steps to Get Funded’:
2-Step Standard Challenge:
- Time Flexibility: No imposed time limits, allowing you to trade at your pace.
- Profit Targets: Phase 1: 8%, Phase 2: 5%.
- Risk Management: Maximum static drawdown of 10%, with a daily balance-based drawdown of 5%.
- Leverage: Up to 1:50 leverage for your trades.
- Profit Sharing: Enjoy 80% of profits, which increases to 90% upon successful scaling.
- Withdrawal: Access to withdrawals every 14 days to manage your gains.
- Trade Strategies: Embrace news trading and EA trading for diversified approaches.
2-Step Superior Challenge:
- Time Freedom: No time limits to accommodate your trading style.
- Profit Targets: Initial target of 10%, followed by a 5% target in Phase 2.
- Risk Mitigation: Maintain control with a maximum static drawdown of 10% and a daily balance-based drawdown of 5%.
- Leverage: Benefit from up to 1:100 leverage for amplified trading opportunities.
- Profit Division: Reap 80% of profits, rising to 90% through the scaling phase.
- Withdrawal Ease: Access withdrawals every 14 days for effective profit management.
- Strategy Freedom: Embrace news trading and EA trading for a diversified trading arsenal.
1-Phase Challenge:
- Simplified Approach: Achieve funding through a single phase with a 10% profit target.
- Progressive Drawdown: Experience a reduced maximum drawdown of 6% with relative drawdown tracking.
- Balanced Risk: Manage risk effectively with a daily drawdown of 4%, considering both equity and balance.
- Comparison Note: While this challenge has advantages, it may present challenges due to its relative drawdown system and cost.
In summary, navigating the ‘Steps to Get Funded’ with Funded Engineer offers traders a range of options tailored to their preferences and trading strategies. The 2-Step challenges provide flexibility, targets, and risk management, making them favorable choices for most traders. However, if a 1-Phase approach appeals to you, consider its unique drawdown dynamics and cost implications before making your decision. Remember, the choice you make should align with your trading style and goals.
Scaling Plan
Unveiling a scaling plan that outshines its counterparts, Funded Engineer presents an industry-leading strategy. Beyond just amplifying account sizes, this plan elevates existing high maximum drawdown and daily drawdown limits. This scaling mechanism is seamlessly integrated into the 2-Step Challenges.
To qualify, surpassing the bar of a 10% net profit over three months and processing a minimum of three withdrawals during this span is essential. While this achievement demands more than typical scaling plans that settle for 4-6% profits, the rewards are undeniable. The account expands by a remarkable 25% of its initial balance.
Remarkably, the maximum drawdown soars from 10% to 12%, and the daily drawdown follows suit, ascending from 5% to 6%. This augmented maximum drawdown collaborates dynamically with the account size, leading to exponential growth. For instance, a $100k account pre-scaling entails a $10k maximum drawdown. Following scaling, with an elevated balance of $125k, the 12% maximum drawdown amounts to $15k. Witness a 50% surge in the maximum drawdown’s dollar value within a single scaling step. The profit split surges from 80% to an impressive 90%, coupled with a safety net of a complimentary challenge in case of funded account failure.
The journey towards growth doesn’t halt – you can scale up every three months up to the fourth tier. Here, your account size doubles, accompanied by a 20% maximum drawdown and a 9% daily drawdown. Elevated tiers also grant access to mindset psychologist sessions and concierge services.
For traders attuned to these prerequisites, Funded Engineer’s scaling plan stands as an unparalleled opportunity, making it a compelling reason to embark on a 2-Phase challenge.
Trading Instruments
In the world of finance and trading, a Funded Engineer plays a pivotal role in understanding and mastering a variety of trading instruments. These instruments encompass currencies, indices, commodities, and cryptocurrencies, each offering a unique set of challenges and opportunities.
Currencies, often referred to as forex or FX, are the backbone of international trade. As a Funded Engineer, one must delve into the intricacies of currency markets, understanding exchange rates, economic indicators, and geopolitical events that can impact their value. The goal is to leverage this knowledge to make informed trading decisions.
Indices represent a basket of stocks or assets, providing a snapshot of a particular market or sector’s performance. A Funded Engineer must analyze the constituents of these indices and grasp the factors influencing their movements. This knowledge can be applied to create diversified trading strategies and manage risk effectively.
Commodities encompass a wide range of raw materials, from precious metals like gold and silver to agricultural products like wheat and coffee. Understanding the supply and demand dynamics, geopolitical factors, and weather patterns affecting commodity prices is crucial for a Funded Engineer. Proficiency in commodities trading can lead to opportunities for profit in both bullish and bearish markets.
Cryptocurrencies have disrupted traditional finance, and a Funded Engineer must stay at the forefront of this revolution. With cryptocurrencies like Bitcoin and Ethereum becoming increasingly mainstream, understanding blockchain technology, market sentiment, and the regulatory landscape is essential. Successful trading in this space requires a unique set of skills and a deep understanding of the digital asset ecosystem.
Payment Proof
Experience the legitimacy of Funded Engineer with undeniable payment proof. Traders worldwide showcase their success through verified earnings, reaffirming Funded Engineer’s commitment to transparency and reliability.
Subscription & Profit Withdrawal Methods
Accourding their funded program, subscription fee start from $59.00.
For traders operating with a funded account, the opportunity for payouts comes into effect after a 14-day period from the initial acquisition of the funded account. To qualify, the trader’s account must demonstrate profitability starting from the initial balance received. They accepect deel for the payout procedures. To initiate a payout, the following conditions must be met:
- There should be no active positions or pending orders.
- The minimum withdrawal request should amount to at least $50.
Upon submitting a withdrawal request, the account will transition to a read-only mode. During this phase, no new trades can be executed until the comprehensive review and withdrawal process conclude.
Brokers Used By Funded Engineer
Funded Engineer strategically partners with renowned brokers to empower traders with a seamless and efficient trading experience. Among its trusted collaborators are:
- Purple Trading (Seychelles): A standout broker known for its client-centric approach and cutting-edge technology. Purple Trading provides a secure trading environment and a range of advanced tools, making it an ideal choice for traders seeking reliability and innovation.
- Blueberry Markets: Recognized for its transparency and competitive trading conditions, Blueberry Markets offers a user-friendly platform that caters to traders of all levels. With a commitment to fair pricing and customer satisfaction, it aligns perfectly with Funded Engineer’s values.
These broker alliances not only enhance the trading journey but also reflect Funded Engineer’s dedication to providing traders with access to reputable and high-quality trading services.
Traders’ Opinion
Diving into traders’ opinions, Funded Engineer has garnered a solid reputation on Trustpilot with a substantial pool of 349 reviews, resulting in an impressive average rating of 4.8 stars out of five. A standout feature of Funded Engineer is its commitment to delivering top-notch customer service. The dedicated support team is always on standby to promptly address any inquiries you might have. Should any challenges arise, rest assured that their team will guide you toward effective solutions.
The sentiment within the trading community is consistent – Funded Engineer’s support staff is not only responsive but also adept at directing users to the right resources. This ensures that you’re always on the path to resolving any concerns efficiently.
Furthermore, Funded Engineer’s user-friendly interface garners significant praise from a majority of users. Alongside this, the absence of trading commissions adds another layer of appeal. This combination contributes to an enriched trading experience that many traders find truly commendable.
Final Thoughts
Funded Engineer emerges as a formidable contender among proprietary firms, setting itself apart with its unrestricted timeframe approach. What lends it an extra layer of appeal is its management by a trader amply backed by diverse funding sources. The innovative 2-Phase challenge structure enhances the upper threshold for maximum drawdown, particularly alluring to adept traders by potentially elevating drawdown limits to an impressive 20%, accompanied by a suite of supplementary benefits.
Nevertheless, the 1-Phase challenge comes with its own caveat of relative drawdown, further compounded by more economical alternatives accessible in the market. For those contemplating enrollment with Funded Engineer, the wiser choice appears to be the 2-Phase challenge, despite a marginal premium over rival options. Pouncing on potential pre-purchase discounts is advisable, given this slight pricing differential.
