Prop deal comparison site Propfirmmatch.com has announced that prop retailer Funded Engineer has been suspended from its site.
According to Propfirmmatch.com, Funded Engineer announced that all challenge funded accounts purchased prior to the company’s relocation [ed: from tech provider FPFX] on February 7th it will be broken, offering them only a Phase 1 account as a replacement.
New accounts purchased after February 7th on Funded Engineer are apparently not affected.
As for the outstanding payments, Propfirmmatch.com states that Funded Engineer says they will be processed once the company “regains stability.” The company argues that this energy is vital to its longevity and ability to continue operating. However, Propfirmmatch.com said the approach chosen did not comply with the standards it sets for companies listed on its site.
We had reported back on February 7 that broker technology provider FPFX had terminated its license to use its products to Funded Engineer, due to an alleged fraud scheme. Funded Engineer also changed executive brokers in early February, delaying its relaunch.