Exclusive: Prop firm Funded Engineer closes, files for bankruptcy
Funded Engineer became one of the first funded trader / retail prop trading firms to experience trouble earlier this year.
Funded Engineer became one of the first funded trader / retail prop trading firms to experience trouble earlier this year.
According to Propfirmmatch.com, all funded accounts at Funded Engineer from before February 7 will be compromised.
FNG has learned that over the past week or so a number of prop trading firms have restricting trading around major relevant news events.
Funded Engineer is reporting that it has experienced “slight delays” in migrating accounts as part of the switch to Blueberry Markets.
Purple Trading Seychelles is suspending MT4 and MT5 services for Funded Engineer (reportedly alongside all props) as of February 12.
According to FPFX, Funded Engineer created fake trading accounts, bypassed AML/KYC safeguards, and engaged in wash trading.