Below is a detailed analysis of Funded Engineer, a proprietary trading firm, based on the requested criteria. The analysis incorporates online complaint information, risk level assessment, website security, WHOIS lookup, IP and hosting details, social media presence, red flags, regulatory status, user precautions, and potential brand confusion, using available data and critical evaluation.
Funded Engineer is a proprietary trading firm based in Dubai, United Arab Emirates, offering simulated trading evaluations for traders to access funded accounts with virtual capital ranging from $6,000 to $2,000,000. It operates through platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) in partnership with broker Purple Trading Seychelles. The firm is not a broker but a simulated trading evaluation company, emphasizing trader skill assessment rather than live trading services.
Sources: Trustpilot, Scamadviser, and user reviews across platforms reveal a mixed reputation.
Positive Feedback:
Trustpilot shows a 4-star rating based on ~1,271–1,279 reviews, with some users praising payouts and platform usability. For example, one user noted receiving a payout without delays, and another appreciated fast customer service response.
The firm claims to have distributed $9,585,526.38 across 2,187 payouts globally, with an average payout of $4,382.95, suggesting some level of operational success.
Negative Feedback:
Customer Support: Numerous complaints describe poor support, with users calling it “bot-like,” unresponsive, or dismissive. Issues include ignored requests for trade execution error proof and abrupt chat terminations.
Payout Issues: Several users report delayed or unpaid withdrawals, with one claiming a $1,000 withdrawal was approved but never paid after two months. Others allege the firm uses excuses (e.g., different IP logins) to deny payouts.
Slippage and Spreads: Complaints highlight excessive slippage (e.g., a 3–4% slippage on a silver trade during the NY session, equating to 1,500 pips) and large spreads, which users suspect are manipulated to cause losses.
Refunds: US traders reported unfulfilled refund promises after Funded Engineer ceased supporting US clients in February 2024, with delays stretching over eight months.
Account Issues: Users reported not receiving account credentials after payment or being banned from Discord for raising concerns.
Scam Allegations: Some users label Funded Engineer a scam, citing account invalidations, payout refusals, and a July 2024 bankruptcy filing as evidence of unreliability.Analysis: The volume of complaints, particularly around payouts, support, and slippage, raises significant concerns. While positive reviews exist, the negative feedback is detailed and consistent, suggesting systemic issues. The bankruptcy filing in July 2024, followed by a relaunch, further erodes trust.
Based on available data, Funded Engineer’s risk level is high due to the following:
Financial Instability: The firm filed for bankruptcy in July 2024 after its brokerage partner, FPFX Technologies, ceased prop trading services. Although it has relaunched with an in-house platform, this history indicates financial fragility.
Payout Reliability: Repeated user reports of delayed or unpaid withdrawals suggest liquidity issues or intentional withholding, increasing financial risk for traders.
Operational Transparency: Lack of clear fee structures, unresponsive support, and allegations of manipulated trading conditions (e.g., slippage) contribute to operational risk.
Regulatory Risk: As an unregulated entity, there is no oversight to ensure fair practices, leaving users vulnerable to disputes without recourse.
User Trust: A Trustpilot score of 3.8–3.9 and a Scamadviser review indicating potential scam risks for its dashboard subdomain reflect wavering user confidence.Risk Rating: High – Traders face significant risks due to financial instability, unreliable payouts, and lack of regulation.
SSL Certificate: The website uses an SSL certificate, ensuring encrypted data transmission, which is standard for legitimate sites.
Cloudflare Integration: The site leverages Cloudflare for DNS services, including a Web Application Firewall (WAF) and DDoS protection, enhancing security against common cyber threats. However, Cloudflare is widely used, and scammers can also exploit it, so this is not a definitive indicator of legitimacy.
Scamadviser Analysis:
The main site (fundedengineer.com) receives a relatively high trust score from Scamadviser, suggesting it is safe for data input. However, the dashboard subdomain (dashboard.fundedengineer.com) has a very low trust score, flagged as a potential scam due to recent registration and low visitor traffic.
Scamadviser advises manual verification, as automated scores may not fully capture legitimacy.
Cookies and Tracking: The site uses cookies to track browsing behavior and device IDs, which is standard but requires user consent for transparency.Analysis: The main website employs standard security measures (SSL, Cloudflare), but the low trust score for the dashboard subdomain is concerning, as it may handle sensitive user data. Users should exercise caution when interacting with the dashboard.
Registration Date: The domain has been active for approximately 2 years (since ~April 2023), indicating moderate stability but not long-term establishment.
Registrar: Likely registered through a service like Cloudflare, which often masks ownership details for privacy.
Ownership: WHOIS data from WhoisXML API shows no frequent ownership changes or downtime, suggesting consistent operation. However, specific owner details are likely hidden, which is common but reduces transparency.
Location: Registered in Dubai, UAE, aligning with the company’s stated headquarters.Analysis: The domain’s 2-year history is moderately reassuring, but the lack of transparent ownership details limits full trust. No red flags like frequent ownership changes were noted.
Hosting Provider: The website is hosted via Cloudflare, a reputable provider known for security and performance.
IP Details: Specific IP addresses are not disclosed in the provided data, but Cloudflare’s infrastructure typically uses shared IPs, which are secure but not unique to the site.
Tranco Ranking: The site has a low Tranco ranking, indicating relatively low visitor traffic. This is a potential red flag for a firm claiming to serve 12,000 traders across 118 countries, as it suggests limited online visibility.
Subdomain Concerns: The dashboard.fundedengineer.com subdomain is flagged for low traffic and recent registration, increasing scam risk perceptions.Analysis: Hosting via Cloudflare is a positive sign, but the low traffic and subdomain issues undermine the firm’s claimed scale. This discrepancy warrants caution.
Discord: Funded Engineer has a large Discord community with 26,681 members, indicating active engagement. However, users report being banned for raising payout concerns, suggesting censorship.
Twitter/X: The firm is active on Twitter (@fundedMODS), with efforts to improve direct client support. A user praised winning a giveaway on Twitter, showing some positive engagement.
Other Platforms: The firm maintains activity on unspecified platforms, but no details on Instagram, YouTube, or others were provided.
Red Flags:
Discord bans for legitimate complaints indicate a lack of transparency and intolerance for criticism.
A reported scam incident on())){
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