FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
Funded Engineer Analysis: Maximise Profits with $200K Capital
Funded Engineer is not just a Prop Company, but a thriving community of over 10,000 active traders from around the world. We offer funded accounts up to $200,000 and some of the lowest fees in the industry. Our 4/5 rating on TrustPilot confirms our reliability for our clients. Our mission is to provide experienced traders with the financial support and resources they need to succeed in the markets.
Updated 27-07-2024
UPD: Funded Engineer has ceased operations
The Funded Engineer company has ceased operations. As an alternative, we offer you FXCI - a prop company with payments up to 85%, raw spread and weekly payments. Use promo code "FUNDEDTRADING" and get 15% discount. Challenge $42, funding amount $5K!
Pros
- Choice of 4 funding programs, with accounts ranging from $6,000 to $200,000.
- Competitive pricing starting from $39, among the lowest in the industry.
- Trusted Trustpilot rating of 4/5.
- Scale up potential to virtual $2,000,000.
- User-friendly profit targets and favourable trading conditions.
- 24/7 customer support.
- No time limits on trading activities.
- Allowance for trading bots and news trading.
- Hold trades over weekends.
- Payout processes completed within 48 hours.
Cons
- Minimum trading requirement of 3 days.
- Trades auto-close feature.
- Drawdown blocker tools have limitations.
Pros
- Choice of 4 funding programs, with accounts ranging from $6,000 to $200,000.
- Competitive pricing starting from $39, among the lowest in the industry.
- Trusted Trustpilot rating of 4/5.
- Scale up potential to virtual $2,000,000.
- User-friendly profit targets and favourable trading conditions.
- 24/7 customer support.
- No time limits on trading activities.
- Allowance for trading bots and news trading.
- Hold trades over weekends.
- Payout processes completed within 48 hours.
Cons
- Minimum trading requirement of 3 days.
- Trades auto-close feature.
- Drawdown blocker tools have limitations.
Funded Engineer brand story
Based in Dubai, Funded Engineer offers a diverse selection of funded trading accounts, customised to suit various trading styles and experience levels. With a global presence spanning 118 countries and serving over 12,000 traders, we provide substantial leverage up to 1:100.
◉ No Time Limit: Traders enjoy unrestricted trading periods, allowing flexibility in executing strategies without time constraints.
◉ Hold Trades Over The Weekend: This feature enables traders to maintain positions over weekends, capitalising on potential market movements without forced closures.
◉ Drawdown Blocker Tools: Advanced tools are available to mitigate drawdowns, offering risk management capabilities to protect trading capital effectively.
◉ No Time Limit: Traders enjoy unrestricted trading periods, allowing flexibility in executing strategies without time constraints.
◉ Hold Trades Over The Weekend: This feature enables traders to maintain positions over weekends, capitalising on potential market movements without forced closures.
◉ Drawdown Blocker Tools: Advanced tools are available to mitigate drawdowns, offering risk management capabilities to protect trading capital effectively.
How it works?
There are 4 programmes with different conditions for you to choose from:
Turbo Challenge. 1-Step
The Turbo Challenge offers a simulated trading environment with unique features tailored for traders looking to test their skills without financial risk. Traders face a simulated phase target in Phase 1, experience a trailing drawdown mechanism, and can utilise high leverage up to 1:100. Profit splits range from 80/20% to 90/10%, allowing traders to earn substantial rewards based on their simulated trading performance.
Superior Challenge. 2-Step
Superior Challenge at Funded Engineer offers traders a rigorous evaluation process with structured profit targets and risk controls. Traders can progress through simulated phases with varying profit goals and benefit from competitive profit splits.
Superior Lite Challenge. 2-Step
The Superior Lite Challenge offers traders a structured path with specific profit targets and risk parameters, designed to evaluate their trading skills. With a maximum daily loss limit of 4% and an overall loss cap of 8%, traders can engage with leverage up to 1:100 and benefit from a flexible profit split ranging from 80/20% to 90/10%.
Swing Challenge. 1-Step
The Swing Challenge is designed for traders aiming to showcase their trading skills across two phases with different profit targets. It offers a simulated environment with controlled risk, including a maximum daily loss of 4% and an overall loss limit of 10%. With trading leverage set at 1:20, participants can explore market opportunities with reduced financial exposure. Profit splits vary from 80/20% to 90/10%, allowing traders to potentially earn higher rewards based on their performance during the challenge.
General trading rules:
◉ News Trading: Avoid trading 6 minutes before or after major news events (red folder), and no new trades within a 12-minute window. Only close existing positions during this period.
◉ Consistency: Choose your trading style freely, but refer to Funded Engineer's Prohibited Trading Strategies.
◉ Trade Copier: Allowed for replicating your trades across platforms or brokers, including external sources, but not for copying trades from other traders or signals.
◉ Trading Bots: Allowed with restrictions. Prohibited bots include high-frequency trading, news scalping, arbitrage (reverse and latency), multi-account trading, and demo server exploitation.
◉ Hedging: Allowed within the same account but not across different accounts.
◉ Consistency: Choose your trading style freely, but refer to Funded Engineer's Prohibited Trading Strategies.
◉ Trade Copier: Allowed for replicating your trades across platforms or brokers, including external sources, but not for copying trades from other traders or signals.
◉ Trading Bots: Allowed with restrictions. Prohibited bots include high-frequency trading, news scalping, arbitrage (reverse and latency), multi-account trading, and demo server exploitation.
◉ Hedging: Allowed within the same account but not across different accounts.