Funded Engineer, a proprietary trading platform, is in the process of distributing accounts to its users after FPFX Technologies terminated its software licenses last month. The platform has successfully sent out 95% of accounts and plans to distribute the remaining 300,000 accounts today, alongside an additional 500,000 accounts. Due to a change in offerings, users expecting 500,000 accounts will instead receive 300,000 and 200,000 accounts based on their preferences.

In response to technical issues with MT4, Funded Engineer has temporarily switched to issuing MT5 accounts, with plans to allow users to revert to MT4 once the bugs are resolved. The company is also actively processing refunds on a daily basis to accommodate affected customers.

Funded Engineer is working on integrating a payout portal into its dashboard to streamline the payout request process for users. This update, expected to be finalized within the week, aims to simplify the payout process and enhance the clarity of daily and maximum drawdown limits to minimize confusion among its clientele.

However, Funded Engineer has made it clear that it is not onboarding US citizens at this time. Users encountering issues with placing trades are advised to complete their KYC verification to resolve the matter.

The transition to new brokerage partners, such as Think Markets and Blueberry Markets, is part of Funded Engineer’s strategic response to the challenges posed by the sudden termination of services by FPFX Technologies and Purple Trading. This shift aims to ensure the continuity of operations and maintain trust with its client base.

Funded Engineer’s efforts to navigate through these regulatory and technical challenges highlight the dynamic and sometimes turbulent nature of the proprietary trading landscape. The platform’s proactive measures to address these issues reflect its commitment to providing a stable and reliable trading environment for its users amidst the evolving industry circumstances.