After the alleged termination of its software
licenses by FPFX Technologies last month, Funded Engineer is in the process of
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 other 500k
accounts. However, as Funded Engineer no longer offers 500k accounts, users
will be issued 1 300k, and 1, 200k accounts based on their preference.
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 the dashboard. This will allow
users to request payouts directly from the dashboard.
The company mentioned on X: “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.”
Source: X
However, Funded Engineer is not currently onboarding
US citizens. The company has urged users who encounter the “You cannot
place a trade right now, please contact your broker” to complete their KYC
verification.
Expect ongoing updates as this story evolves.
After the alleged termination of its software
licenses by FPFX Technologies last month, Funded Engineer is in the process of
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 other 500k
accounts. However, as Funded Engineer no longer offers 500k accounts, users
will be issued 1 300k, and 1, 200k accounts based on their preference.
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 the dashboard. This will allow
users to request payouts directly from the dashboard.
The company mentioned on X: “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.”
Source: X
However, Funded Engineer is not currently onboarding
US citizens. The company has urged users who encounter the “You cannot
place a trade right now, please contact your broker” to complete their KYC
verification.
Expect ongoing updates as this story evolves.
