FPFX Technologies, LLC (FPFX Tech), a technology firm in the proprietary trading industry, has officially terminated its agreement with Funded Engineer, a prop firm, signaling an end to their partnership.
The company announced the termination of the license agreement and all associated services provided to Funded Engineer today (Wednesday). This decision occurred after a period of evaluation and consideration by FPFX Tech's leadership, the company mentioned.
Finance Magnates has contacted Funded Engineer for comments, and we will update this story once we receive feedback from the firm.
Funded Engineer and FPFX Tech
According to the information shared by the company on its website, Funded Engineer aims to augment trading capital and widen drawdown limits. This ensures a more sustainable trading environment for traders.
Funded Engineer's mission is based on providing traders with the necessary resources and support for long-term profitability. Beyond financial gains, the firm focuses on nurturing relationships and supporting individual trader journeys within a dynamic community framework.
Conversely, FPFX Tech offers a suite of software-as-a-service solutions enabling trading firms and brokerages to tap into institutional capital, explore new trading avenues, and enhance trading performance.
With a history spanning over 50 years in the brokerage and trading industry, FPFX Tech provides insights for traders, technology, and the businesses supporting them. According to the firm, the platform enables trading firms and brokerages to forge relationships by offering customized trading solutions to enhance their trading experience.
Deciphering Proprietary Trading
Proprietary trading firms, actively engaged in trading, act as market makers or liquidity providers, distinct from trader funding firms that rely on evaluation fees. Trader funding firms, on the other hand, gained momentum, particularly during the COVID-19 surge, offering a lifeline for aspiring traders.
The appeal lies in the possibility for a trader to profit using funds from larger entities without substantial capital. However, scrutinizing these programs reveals a blend of psychological factors, evaluations, and alluring marketing tactics.
