The Prop Trading Firm Funded Engineer announced via their social media platform X (formerly Twitter) today (Friday) that they have initiated the rollout of trading accounts ahead of schedule. The company revealed that they have already distributed hundreds of trading accounts within the last few hours and are planning to add another 2,000-2,500 accounts per day throughout the upcoming weekend.
Dashboard Refinement Underway
"We have started rolling out accounts and have already distributed hundreds of TRADING accounts in the last few hours," the company stated in their social media post. "We aim to have EVERYONE with their account set up and tradable by next week. Many will have accounts and be fully tradable TODAY."
Despite the swift execution, Funded Engineer acknowledged that their dashboard is not yet fully complete. However, they assured users that they are in the final stages of refining the user interface and anticipate its completion before Monday. This development does not impede users from accessing their accounts and engaging in trades immediately.
The company attributed the accelerated timeline to unforeseen circumstances, mentioning that the project was initially slated for rollout at the end of May. However, Funded Engineer managed to complete the workload within 16 days.
Despite the deployment, Funded Engineer acknowledged that the current dashboard might lack some of the initially intended features. However, they assured users that over the next 4-6 weeks, they will integrate all the planned features into the platform, ensuring a comprehensive trading experience for their clientele.
Funded Engineer owners, Tristian Talbot and Harri Sawicki, said: "We would like to take a moment to thank the entire trading community. The outpouring of support motivated us to push as hard as we can to get a secure product out to the userbase as quickly as possible. And, whilst it would have been easy to give up during this hard time, support from the community and the public at large was so overwhelming we had no choice but to push to deliver."
Purple Trading Suspends Services for Funded Engineer
Earlier, Purple Trading, among other proprietary trading firms, suspended its MT4 and MT5 services, as reported by Finance Magnates. The suspension followed the termination of FPFX Technologies agreement with Funded Engineer, causing challenges for the Dubai-based platform. Purple Trading's move particularly impacts US citizens and residents, highlighting regulatory complexities in the proprietary trading sector.
To address the crisis, the company has been considering new brokerage partners, such as Think Markets and Blueberry Markets. Furthermore, Funded Engineer decided to switch its broker for all client trades to Blueberry Markets following FPFX Technologies' termination of software licenses.
