After FPFX Technologies terminated Funded Engineer's software license last month, the platform is distributing MT5 accounts to users, 95% of which have been issued。

Allegedly, the company plans to send the remaining 300,000 accounts, as well as another 500,000。However, since Funded Engineer no longer offers 500,000 accounts, users will get 300,000 and 200,000 accounts based on their preferences.。

Funded Engineer Update Payout

Due to a bug in MT4, Funded Engineer temporarily chose to issue an MT5 account。Once the vulnerability is fixed, users will have the option to switch back to MT4。The company reportedly processes customer refunds on a daily basis.。

Funded Engineer plans to complete the payment portal next week and integrate it into the dashboard。This will allow users to claim compensation directly from the dashboard。

The company said: "In this week's update, we will finalize the payment portal and add it to the dashboard so you can apply for payments and checkout within the dashboard as before, with some modifications to the way daily and maximum shrinkage are displayed to avoid further confusion.。"

However, Funded Engineer does not accept U.S. citizens.。The company urges users who encounter the message "You are unable to trade now, please contact your broker" to complete KYC verification.。

Last month, Funded Engineer announced that it would delay the reboot and transition to Blueberry Markets after FPFX Technologies terminated its software license.。

Funded Engineer addresses regulatory challenges

To address this challenge, Funded Engineer offers refunds to eligible customers who withdraw no more than 4%。In a statement, the company acknowledged a backlog of some outstanding payments and promised to process them in a timely manner to allay customers' concerns.。

Purple Trading's suspension of services, coupled with FPFX Technologies' sudden end of service to Funded Engineer, highlights the turmoil facing the proprietary trading platform。These challenges have prompted Funded Engineer to consider turning to other brokerage partners such as Think Markets and Blueberry Markets to safeguard its operations and customer relationships.。

Last month, FPFX Technologies terminated its partnership with Funded Engineer, including the license agreement and all related services provided to Funded Engineer.。FPFX Technologies provides software-as-a-service solutions for trading and brokerage firms。