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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ 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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ 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!