Funded Engineer Review
Let's kick off our Funded Engineer Review of Prop Firms, a company that offers its traders a distinctive four-program funding structure split into two key stages. In the Evaluation Stage, you showcase your trading prowess, and during the Funding Stage, you gain the ability to withdraw a portion of your accumulated profits. We'll delve deeper into this process and explore the regulations governing it. Coming up, we'll provide an in-depth of Funded Engineer review, but first, let's examine the primary attributes of this proprietary trading firm.
- Automated trading (Expert Advisors) - YES
- Platform for trading - MetaTrader 4
- Leveraege - up to 1:100
- Participation cost - from $49
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required - No
Go to the Funded Engineer website >>>
Expert Advisors Suitable for this Prop Firm:
Funded Engineer Evaluation
Turbo Challenge Funded Engineer evaluation
Funded Engineer rules:
Elevate your trading skills with the Superior Challenge, a dual-phase program designed for traders eager to excel in the dynamic financial market. This custom evaluation is ideal for traders demonstrating consistent performance:
- Target a 10% profit
- Maximum drawdown of 10%
- No Minimum Trading Days
- 1:100 trading leverage
- Profit Split From 80/20% (Phase 1) to 90/10% (Phase 2)
- Expert advisors allowed
- Stop los is not necessary
- Holding positions for the weekend - allowed
- Allowed to use martingale strategies
Participation cost:
- $6,000 - $49
- $10,000 - $89
- $25,000 - $169
- $50,000 - $249
- $100,000 - $409
- $200,000 - $779
Scaling Plan for All Simulated Funded Accounts in 2-Step Challenges - Enjoy a 40% increase on the initial starting balance of your purchased challenge account. To be eligible, a trader must satisfy the following conditions:
- Achieve a net simulated profit of at least 15% over four months.
- Record a minimum of 2% simulated profit each month.
- Process at least three withdrawals during the four-month period.
- Maintain the account balance at the initial starting level at the time of scaling up.
Note: If a trader earns more than 5% simulated profit in any single month, only 5% will be counted towards the cumulative 15% target over the four months. For more details, refer to our Scaling Plan.
Swing Challenge Funded Engineer evaluation
Funded Engineer rules:
Achieve your trading goals steadily and freely with the Swing Challenge, a two-stage program featuring a:
- Profit target of 10%
- Total drawdown limit of 10%
- Trading leverage up to 1:30
- No Minimum Trading Days
- Profit Split From 80/20% (Phase 1) to 90/10% (Phase 2)
- Expert advisors allowed
- Stop los is not necessary
- Holding positions for the weekend - allowed
- Allowed to use martingale strategies
Participation cost:
- $6,000 - $59
- $10,000 - $129
- $25,000 - $239
- $50,000 - $349
- $100,000 - $549
- $200,000 - $999
Scaling Plan for All Simulated Funded Accounts in 2-Step Challenges - Enjoy a 40% increase in the initial starting balance of your chosen challenge account. To be eligible for this scaling, traders must satisfy the following criteria:
- Achieve a net simulated profit of at least 15% over four months.
- Attain a minimum of 2% simulated profit each month.
- Complete at least three withdrawals within the four-month period.
- Maintain the account balance at the initial level at the time of scaling.
Note: If a trader earns over 5% simulated profit in any single month, only 5% will be counted towards the cumulative 15% target over the four months.
Superior Challenge Funded Engineer evaluation
Funded Engineer rules:
Advance your trading expertise with the Superior Challenge, a structured two-phase program designed for traders looking to excel in the rapidly evolving financial markets. This customized evaluation is ideal for traders who maintain consistent performance:
- Strive for a 10% profit target
- Limited drawdown of 10%
- Flexibility of 1:100 trading leverage
- No Minimum Trading Days
- Maximum daily loss - 5%
- Profit Split From 80/20% (Phase 1) to 90/10% (Phase 2)
- Expert advisors allowed
- Stop los is not necessary
- Holding positions for the weekend - allowed
- Allowed to use martingale strategies
Participation cost:
- $6,000 - $49
- $10,000 - $89
- $25,000 - $169
- $50,000 - $249
- $100,000 - $409
- $200,000 - $779
Scaling Plan for All Simulated Funded Accounts in 2-Step Challenges - Enjoy a 40% boost to the initial starting balance of your challenge account. To be eligible, traders must meet the criteria below:
- Accumulate a net simulated profit of at least 15% across four months.
- Achieve a minimum of 2% simulated profit per month.
- Complete at least three withdrawals during the four-month period.
- Ensure the account balance equals the initial balance at the time of scaling up.
Please note: If a trader earns more than 5% simulated profit in any month, only 5% will be included in the total 15% target over four months. For additional details, please refer to our Scaling Plan.
Superior Challenge Lite Funded Engineer evaluation
Funded Engineer rules:
Unlock a smooth path to simulated trading success with Superior Challenge Lite, a customized two-phase evaluation designed for a direct and effective approach to reaching your goals. Ideal for traders who prefer a balanced and gradual advancement, this challenge offers a clear set of rules along with the flexibility needed to succeed.
Geared toward traders focused on steady growth, Superior Challenge Lite establishes an:
- 8% profit target
- 8% total drawdown limit
- 1:100 trading leverage
- No Minimum Trading Days
- Maximum daily loss - 4%
- Profit Split From 80/20% (Phase 1) to 90/10% (Phase 2)
- Expert advisors allowed
- Stop los is not necessary
- Holding positions for the weekend - allowed
- Allowed to use martingale strategies
Participation cost:
- $6,000 - $49
- $10,000 - $79
- $25,000 - $149
- $50,000 - $229
- $100,000 - $379
- $200,000 - $699
Scaling Plan for All Simulated Funded Accounts in 2-Step Challenges - Receive a 40% boost on the initial starting balance of your challenge account upon purchase. Traders must fulfill the following criteria to qualify:
- Attain a net simulated profit of at least 15% across four months.
- Achieve at least a 2% simulated profit each month.
- Complete a minimum of three withdrawals during the four-month period.
- Ensure the account balance matches the initial balance at the time of scaling up.
Please note: If a trader earns more than 5% simulated profit in any single month, only 5% will contribute to the overall 15% target for the four months. For additional details, please review our Scaling Plan.
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Funded Engineer Review and Our opinion about this Prop Firm
The Funded Engineer program introduces an innovative two-step challenge for traders aiming to scale their expertise and financial growth in simulated trading environments. This comprehensive review evaluates the program's scaling plan, designed to incentivize traders with the potential for a 40% increase in the initial starting balance of their purchased challenge account, setting a robust framework for skill enhancement and capital management.
Key Features of the Scaling Plan:
- Profit Targets: Traders are required to achieve a net simulated profit of at least 15% over four months. This extended timeframe allows traders to demonstrate their ability to sustain profitability in varying market conditions.
- Consistent Monthly Gains: The program mandates a minimum of 2% simulated profit each month, ensuring that traders are consistently profitable and not just benefiting from a single high-performing month.
- Withdrawal Processing: Participants must process at least three withdrawals over the four-month period, testing their ability to manage cash flow effectively under simulated conditions.
- Balance Maintenance: Traders need to maintain their account balance at the initial level by the time of scaling up, which encourages prudent risk management and capital preservation.
Limitations on Excess Profits:
- The plan includes a stipulation that if a trader makes over 5% in simulated profits in a month, only 5% will be counted towards the 15% total target. This rule ensures that the program encourages consistent trading strategy and risk management over windfall gains.
Conclusion: The Funded Engineer’s two-step challenge scaling plan is thoughtfully designed to foster disciplined trading habits, continuous learning, and risk management among its participants. The structured criteria not only push traders to perform but also instill a deeper understanding of market dynamics and personal trading psychology. This program is well-suited for traders who are serious about advancing their trading careers in a controlled and competitive environment.
For those interested in joining or learning more about the scaling specifics and other program details, a visit to the Funded Engineer's official Scaling Plan section is highly recommended.
