Currently, Funded Engineer is not onboarding US traders.
The company is issuing MT5 accounts due to "some bugs in MT4."
After FPFX Technologies terminated the software licenses of Funded Engineer last month, the proprietary trading platform is distributing accounts to users, with 95% of accounts already sent out.
According to a post on X, the company plans to
dispatch the remaining 300k accounts today (Monday), along with another 500k
accounts. However, as Funded Engineer no longer offers 500k accounts, users
will be issued 300k and 200k accounts based on their preferences.
Funded Engineer's Payout Updates
Funded Engineer has opted to issue MT5 accounts for
the time being due to bugs in MT4. Once the bugs are fixed, users will have the
option to switch back to MT4. The company is reportedly processing customers'
refunds daily.
In the upcoming week, Funded Engineer plans to finalize
the payout portal, which will be integrated into its dashboard. This will allow
users to request payouts directly from the dashboard.
The company mentioned: "Updates to come
this week, we are finalizing the payout portal, which will be added into the
dashboard so you can request payouts inside the dashboard like before, as well
as checkout, and making some changes to how the daily and max drawdown is
displayed to avoid further confusion."
However, Funded Engineer is not onboarding
US citizens. The company has urged users who encounter a message stating "You cannot
place a trade right now, please contact your broker" to complete their KYC
verification.
Last month, Funded Engineer announced that it was
postponing its relaunch and the transition to Blueberry Markets following the
termination of its software licenses by FPFX Technologies.
Funded Engineer Grapples with Regulatory Challenges
In response to this challenge, Funded Engineer
offered refunds to eligible clients with drawdowns not exceeding 4%. In a
statement on X, the firm acknowledged a backlog of pending payouts and
committed to promptly processing them, aiming to alleviate concerns among its
clients.
The suspension of services by Purple Trading,
coupled with FPFX Technologies' abrupt termination of services to Funded Engineer, underscored
the volatile landscape facing proprietary trading platforms.
These challenges prompted Funded Engineer to
consider shifting to alternative brokerage partners like Think Markets and
Blueberry Markets to safeguard its operations and client relationships.
Last month, FPFX Technologies ceased its collaboration with Funded Engineer. The termination of services encompassed the license agreement and all related services provided to Funded Engineer. FPFX Technologies offers software-as-a-service solutions to trading and brokerage firms.
After FPFX Technologies terminated the software licenses of Funded Engineer last month, the proprietary trading platform is distributing accounts to users, with 95% of accounts already sent out.
According to a post on X, the company plans to
dispatch the remaining 300k accounts today (Monday), along with another 500k
accounts. However, as Funded Engineer no longer offers 500k accounts, users
will be issued 300k and 200k accounts based on their preferences.
Funded Engineer's Payout Updates
Funded Engineer has opted to issue MT5 accounts for
the time being due to bugs in MT4. Once the bugs are fixed, users will have the
option to switch back to MT4. The company is reportedly processing customers'
refunds daily.
In the upcoming week, Funded Engineer plans to finalize
the payout portal, which will be integrated into its dashboard. This will allow
users to request payouts directly from the dashboard.
The company mentioned: "Updates to come
this week, we are finalizing the payout portal, which will be added into the
dashboard so you can request payouts inside the dashboard like before, as well
as checkout, and making some changes to how the daily and max drawdown is
displayed to avoid further confusion."
However, Funded Engineer is not onboarding
US citizens. The company has urged users who encounter a message stating "You cannot
place a trade right now, please contact your broker" to complete their KYC
verification.
Last month, Funded Engineer announced that it was
postponing its relaunch and the transition to Blueberry Markets following the
termination of its software licenses by FPFX Technologies.
Funded Engineer Grapples with Regulatory Challenges
In response to this challenge, Funded Engineer
offered refunds to eligible clients with drawdowns not exceeding 4%. In a
statement on X, the firm acknowledged a backlog of pending payouts and
committed to promptly processing them, aiming to alleviate concerns among its
clients.
The suspension of services by Purple Trading,
coupled with FPFX Technologies' abrupt termination of services to Funded Engineer, underscored
the volatile landscape facing proprietary trading platforms.
These challenges prompted Funded Engineer to
consider shifting to alternative brokerage partners like Think Markets and
Blueberry Markets to safeguard its operations and client relationships.
Last month, FPFX Technologies ceased its collaboration with Funded Engineer. The termination of services encompassed the license agreement and all related services provided to Funded Engineer. FPFX Technologies offers software-as-a-service solutions to trading and brokerage firms.
Dukascopy Money Market Products Offer Competitive Rates for USD, GBP, and EUR
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24