@tradertristian Reached profit target and met the 3 days trading requirement, then was told my funded account would be issued within 48-72 hours. It's past that time already, still waiting, support not really helpful on discord or on the website @tradertristian
Dear traders,
While the community tends to be very opinionated against firms in general, we want to thanks the support we have received, while justifying some decisions taken recently.
First of all, reputation of our brand has been built on mutual trust between our community and our team. Honesty, integrity, humility, are, and will always be, the de facto traits of our team and service.
Recent drastic decision may dent this belief but was decided due to a series of events which occurred last few months.
First of all, losing, without warning, access to our technology provider has been a key factor for the present situation.
Losing access to clients data, payout numbers, affiliate commissions, was a terrible low blow destined to ruin the company at the right moment. With the help of new partners, work supposed to be done within 4 months, was done within 3 weeks.
Secondly, during our three weeks downtime, business decisions were taken in order to privilege clients first. On top of deciding to keep paying fully our funded traders, refunds were also offered to clients who requested it.
A compensation program was offered to a large majority of our community. A reset of all accounts in drawdown phase 1 and 2 was provided. Finally a 1% additional drawdown was provided, for free, to all funded accounts.
Some may say it was a wrong business decision. However , we prioritize our traders and community at that time. Your trust is everything to us.
These decisions came at a cost, the sustainability of the business was recently impacted. Long term beneficial decisions need to be taken to improve the sustainability of our trading environment. Not only for the business and the 30 team members working with us, but also to provide a viable service and reward the efforts for you.
Our long term vision led us to pro actively decide to stop providing our service to USA clients, the largest market for our industry, and consequently decide to keep operating at a loss of a large part of our revenue.
The recent actions we took to remove 25% of our funded traders and move them back to phase 1 was rushed, and at posteriori, not optimal. I agree we should have explored different options, and I apologize for that.
We came up with a different solution after seeing the feedback from the community, and I have personally reached out to 75% of the traders affected and offered them a different solution if they wish (which the majority have taken).
Are payouts delayed right now? Yes, they are. Have we come up with plans to manage and pay everyone out? Yes.
Recently larger firms than ours took drastic decision, and did decide to do you wrong by deciding to refuse to pay you. We are taking another path, which will bring back profitability to the business and help to reward our clients.
I'm throwing everything on the line to fight for the traders at Funded Engineer and for Funded Engineer. My personal reputation is at stake
Funded Engineer was one of the strongest brands in the industry before losing our previous back end. Since then, I'll admit, it's been very difficult, but we will keep pushing to make everything right for all traders and everyone to the best of our abilities.
@OmarAgag6 That’s why sometimes I take a walk straight after entering a trade. If you’ve planned the trade, let the plan play out. Win or lose
I’ve exited way too many winning trades early because of overthinking it
You wish for these results don’t you?
You should.
Anyone would.
With some guidance this could be you.
But you’re too busy following the wrong people.. getting the wrong information.
This is one of many of my students.
Actions speak louder than words.
Some of you need traumatic experiences to learn good trading expectations.
Like losing $26k in 5mins (half my life savings) in Jan 2020 because I saw Cuebanks flip $47k to $200k on Gold in one trade.
Yeahhh, I been through some shit.