Funded Engineer is a proprietary firm, run by the renowned “Trader Tristian”. “Trader Tristian” developed a reputation through his extensive capital earnings and constant board leading. He is active in various prop firms and has used his substantial experience as a trader to create Funded Engineer.
Funded Engineer is composed of a competitive scaling plan and no time limits. This firm presents users with numerous evaluation challenge options. These challenges must be met in order to progress and become a funded trader. This firm provides traders with the opportunity to move through certain challenges in order to gain the experience and knowledge needed to eventually receive funding.
Below we will break down Funded Engineer. We will highlight the pros and cons in order for traders to determine if it is the right firm for them.
Funded Engineer is a new proprietary firm that is designed in a way that is different from most firms. This firm offers traders capital once users pass a challenge. This capital is paid in advance and the amount depends on the account size they purchased. They offer a range of account sizes between $6000 and $500,000.
Funded Engineer provides traders with three different challenges. They are listed below.
- 2-Step Standard Challenge
- 2-Step Superior Challenge
- 1-Step Turbo Challenge
There are no time limits, no minimum trading days and weekend holdings are permitted.
Funded Engineer 2-Step Standard Challenge
Below is a breakdown of the Standard 2-Step Challenge put in place by Funded Engineer.
- No time limits
- No minimum trading day
- Profit Target: 8% in Phase 1
- Profit Target: 5% in Phase 2
- 10% maximum overall loss
- 5% maximum daily loss
- Up to 1:50 Leverage
- 80/20% to 90/10% profit split with scaling
- Withdrawals every 14 days
- News trading permitted
- EA trading permitted
Price
Funded Engineer’s 2-Step Standard Challenge provides traders with between $6000 and $500,000. Once the first profit split is achieved, the challenge fee is paid back to the user.
Account Size | Price |
$6,000 | $69 |
$10,000 | $135 |
$25,000 | $250 |
$50,000 | $375 |
$100,000 | $575 |
$200,000 | $1,100 |
$300,000 | $1,600 |
$400,000 | $2,150 |
$500,000 | $2,600 |
Funded Engineer 2-Step Superior Challenge
Below is a breakdown of the key components of the 2-Step Challenge created by Funded Engineer
- No time limits
- Profit Target: 10% in Phase 1
- Profit Target: 5% in Phase 2
- 10% Maximum overall loss
- 5% maximum daily loss
- Up to 1:100 Leverage
- 80/20% to 90/10% profit split with scaling
- Withdrawals every 14 days
- News trading permitted
- EA trading permitted
How does the Step-2 Superior Challenge work?
Funded Engineer presents traders with various challenges set up through the firm’s evaluation process. They provide users with a variety of trading resources and tools needed to gain knowledge and experience in the field. The Funded Engineer challenge is the first step required in their process. It assesses a trader’s abilities through specific guidelines and objectives, for example, a balance between allowable drawdown and profit targets. These challenges are referred to as Trading Objectives. There are no time limits and evaluations could potentially be completed in one trading day. Once the 2-Step Superior Challenge is met, traders can move on to the next evaluation challenge which is the verification stage.
Verification
The Verification Phase is the final step in the evaluation process. It evaluates the traders’ abilities through their consistency and personal trading strategies. Traders are expected to follow the rules set in place by Funded Engineer. In the Verification Phase, a reduced profit target is offered, making it less rigorous than the initial challenge. As soon as all challenges are met, traders can begin to trade real capital through the prop firm.
Price
Funded Engineer provides traders between $10,000 and $500,000 in the 2-Step Challenge. Once the challenges are met, the evaluation fee is refunded from the first profit split of a funded account.
Account Size | Price |
$6,000 | $59 |
$10,000 | $125 |
$25,000 | $250 |
$50,000 | $350 |
$100,000 | $550 |
$200,000 | $1,050 |
$300,000 | $1,550 |
$400,000 | $2,050 |
$500,000 | $2,550 |
The Funded Engineer firm has one of the best if not the best scaling plans in the industry. It offers larger account sizes while increasing the maximum drawdown and daily drawdown limits. Both steps of the challenge offer scaling to users. A minimum of 3 withdrawals and a minimum of 10% net profit must be met over a period of 3 months in order for Funded Engineer to qualify traders for scaling. The scaling plans offered by Funded Engineer are more difficult to achieve than most firms who typically offer 4-6% profit but are more beneficial to the trader in the end. Funded Engineer offers a 25% increase in the initial balance of the traders account size.
The maximum drawdown is increased from 10% to 12% and the daily drawdown is increased from 5% to 6%. This increase is significant as it is combined with the account size. An example would be $10,000 or 10% maximum drawdown applied to a $100,000 account before scaling up. Once a trader scales up, a 12% or $15,000 maximum drawdown is applied using the new account balance of $125,000. By scaling up, a 50% increase in the value of the maximum drawdown occurs. The profit split increases from 80% to 90%. If a funded account fails, a free challenge is provided.
Every 3 months, traders have the ability to keep scaling up to the 4th tier. This will result in their account doubling in size, a 20% maximum drawdown and a 9% daily drawdown. Once users reach the higher scaling tiers, mindset psychology sessions and concierge services are provided.
Funded Engineer provides a very competitive scaling plan to traders, making it a desirable prop firm. If traders meet the requirements, it is definitely beneficial for them to consider participating in the 2-Phase challenge.
Funded Engineer Turbo Challenge 1-Step
The Funded Engineer has also put in place a 1-Step Challenge for those who are looking for a shorter evaluation process. This 1-Step Challenge has one profit target of 10% needed before qualifying for funding. The maximum drawdown is lower at 6% and is trailing relative drawdown. As new balance highs are reached, the drawdown limit trails up until it reaches original account balance where it is locked in.
A relative drawdown is when a trader withdraws all profits from the account. This can result in the account failing. This makes the success rate of the challenge more difficult. The account will also fail if the trader makes more than 6% on a funded trade account and withdraws all the profits. The 1-Step Turbo Challenge has a daily drawdown of 4 %. It is calculated using both equity and balance. The cost of the 1-Step Turbo Challenge is the same as the Phase 2 Superior Challenge.
The key details of the Turbo Step-1 Challenge are:
- No Time Limits
- No Minimum Trading Day
- 10% Profit Target for 1 Step
- 6% Maximum Overall Loss
- 4% Maximum Daily Loss
- Up to 1:100 Leverage
- 80/20% to 90/10% profit split with scaling
- Withdrawals every 14 days
- News trading permitted
- EA trading permitted
Price
1-Step Turbo Challenges are available between $6,000 and $500,000. The evaluation fee is refunded by Funded Engineer in the first profit split of a funded account.
Account Size | Price |
$6,000 | $69 |
$10,000 | $135 |
$25,000 | $250 |
$50,000 | $375 |
$100,000 | $575 |
$200,000 | $1,100 |
$300,000 | $1,600 |
$400,000 | $2,150 |
$500,000 | $2,600 |
Funded Engineer provides traders with up to 1:1000 leverage. The maximum leverage is 1:50 for the Standard Challenge.
- 1:100 for FOREX
- 1:50 for Commodities
- 1:10 for Indices
- 1:5 for Equities
- 1:2 for Crypto
Funded Engineer has partnered with broker Purple Trading. There is a $5 commission per lot.
Below are the average spreads:
- EURUSD: 0.3 pips
- GBPUSD: 0.6 pips
- EURGBP: 0.6 pips
- USDJPY: 0.5 pips
Funded Engineer provides a full list of average spreads.
Deel processes all payments and payouts. Deel supports PayPal, Revolut, Wise, Binance, Coinbase, bank transfers and Deel Card.
Traders who have a funded account are eligible for payout after 14 days. In order for their funded account to become eligible, the account must be larger than the original starting balance received by the trader. Below are the requirements needed by a trader to submit a payout.
- No positions or orders open
- At least $50 minimum withdrawal request
Once a withdrawal is submitted, a traders account will be moved to read only, and trades will not be permitted until review and withdrawal process is completed.
Below is a breakdown of the pros and cons of Funded Engineer.
- No Time Limit Challenges
- No Minimum Trading Days
- Founded by ‘Trader Tristian’ accomplished trader
- Profit Split up to 90/10
- Bi-weekly Withdrawals
- Weekend Holding
- 1:100 Trading Leverage
- Maximum of $1,500,000 Scaling Plan
- Fairly new prop firm
- No Free Trial
- Mediocre customer service
In conclusion, Funded Engineer is a fairly new, highly competitive proprietary firm. This firm is founded and run by “Trader Tristian” who is a successful trader. Trader Tristian has been very successful with achieving funded accounts through various prop firms. There are no time limits and there is a 2-Phase challenge provided. The 2-Phase Challenge offers higher than most maximum drawdowns. The scaling plan provided is very beneficial to experienced traders since it can increase the maximum drawdown to a maximum of 25%. Funded Engineer is a reputable well run prop firm. The firm provides the resources, the capital and the tools required for traders to become successful in the industry.
