Funded Engineer has postponed its service relaunch plans due to the recent termination of its software licenses by FPFX Technologies. In response to this development, the firm has swiftly pivoted, opting to transition all client trades to Blueberry Markets.
After FPFX Technologies canceled all software licenses, the proprietary trading firm Funded Engineer delayed new business openings and moved all trades to Blueberry Markets forex broker. The shift is why Purple Trading stopped providing services to Funded Engineer, and these concerns have risen in the prop trading community.
As a business response to the licensing struggles, the UAE-based prop company refunds clients who fulfilled drawdown conditions by less than 4%. With the 7th pending sale payment, their team will begin the disbursement, accompanying a significant volume of refunds.
The suspension of MT4 and MT5 by Purple Trading worsens the matter as it affects the firms dealing with proprietary trading worldwide. This high-leverage prop firm is evaluating possible brokerage partners like ThinkMarkets and Blueberry Markets forex broker to mitigate the impact of Purple Trading's suspension and the termination of FPFX Technologies.
This proprietary firm recognizes the bigger withholding implications of Purple Trading's suspension and brings caution to the prop trading community. However, the platform continues to implement systems to minimize operational disruptions or interruption to client services while investigating possible legal resolutions and searching for alternative technologies to transfer clients' accounts.
In other forex broker news, Blueberry Markets introduced the transition to a new operating license in Vanuatu to provide partners and clients with protection and peace of mind.