Funded Engineer Prop Firm has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to External Coins. We’ve received over 4 complaints against Funded Engineer Prop Firm.
FPFX Tech alleges that Funded Engineer Prop Firm is engaged in fraudulent operations and wash trading, indicating a state of upheaval in the prop trading industry. It is important to be aware of the potential risks associated with investment platforms such as Funded Engineer, as the lack of regulation in this industry can be concerning. It is recommended to exercise caution and conduct thorough research before engaging with these platforms. Be cautious of frequently used scam tactics and make sure to prioritize transparency and accountability at all times.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Funded Engineer Prop Firm Regulated? Do They Have a License?
The prop trading environment is in turmoil as FPFX Tech, a retail prop trading tech supplier, charges Funded Engineer, a prop firm, of participating in fraudulent operations and wash trading. The findings have sent shockwaves through the sector, emphasizing the value of transparency and ethical behavior.
FPFX Tech ended its licensing arrangement with Funded Engineer after an internal examination. The audit revealed what FPFX Tech claims to be a long-running scam engineered by Funded Engineer to defraud both FPFX Tech and the public by increasing payout estimates through illegal means.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Funded Engineer Prop Firm is a scam and most likely, an illegal operation.
Funded Engineer’s behaviors, as described by FPFX Tech, are quite alarming. The company allegedly participated in a variety of fraudulent actions, such as creating phony trading accounts, circumventing Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, and engaging in wash trading to artificially boost payout figures.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of the Funded Engineer Prop Firm, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Funded Engineer Prop Firm
Funded Engineer went to tremendous efforts to deceive, manually generating user profiles with no payment history or billing information and then giving them funded accounts. Furthermore, AML/KYC checks were allegedly bypassed, allowing these persons to be accepted without adequate due diligence. Wash trading, a manipulative activity that involves creating misleading trading volume was allegedly used only to boost reward figures.
Despite accepting payouts in the system, the Funded Engineer allegedly neglected to transfer any monies to these phony accounts, furthering the deceit.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Funded Engineer Prop Firm Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Funded Engineer Prop FirmReviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Funded Engineer Prop Firm tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Funded Engineer Prop Firm reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Funded Engineer Prop Firm, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Funded Engineer Prop Firm enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Funded Engineer Prop Firm reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Funded Engineer Prop Firm.
You should always look out for consumer complaints. In the case of Funded Engineer Prop Firm, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about the Funded Engineer Prop Firm? You can share your complaint in the comment section or submit an anonymous tip.
Is Funded Engineer Prop Firm Legit Or Scam?
The astonishing suggestion that Funded Engineer misrepresented its payouts by more than $2 million adds to the seriousness of the allegations. Tristan Talbot, one of its creators, allegedly promoted these inflated stats on social media, exacerbating the deception.
FPFX Tech does not take these charges lightly. The company plans to submit complaints to regulatory authorities and alert other vendors impacted by the Funded Engineer’s behavior. FPFX Tech emphasizes the importance of ethical procedures in the prop trading market, calling for accountability and transparency.
The claims against Funded Engineer serve as a sharp reminder of the risks involved in the financial business, as well as the vital necessity for monitoring. When picking investment platforms, traders are advised to proceed with prudence and complete due diligence.
Funded Engineer Prop Firm is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Funded Engineer Prop Firm can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Funded Engineer Prop Firm?
All the evidence suggests that Funded Engineer Prop Firm is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Funded Engineer Prop Firm a scam?
Can I withdraw money from Funded Engineer Prop Firm?
Where is Funded Engineer Prop Firm Located?
How do I get my money back from Funded Engineer Prop Firm?
How The Funded Engineer Prop Firm Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
