AquaFunded Prop Firm Review for 2024 (2024)

AquaFunded is a prop firm established in December 2023. The company’s headquarters are in Dubai, United Arab Emirates. The CEO is Jason Blax, a young influencer based in Dubai. They use a strict evaluation process to pick the most talented traders. There are 2 types of evaluations available at AquaFunded with 5 account amounts.

AquaFunded Prop Firm Review for 2024 (1)

AquaFunded Trading Platform Choices

DXTrade is currently the only trading platform AquaFunded offers. DXTrade is a SaaS trading platform they use, but they announced partnership with Tradelocker as well. These platforms are for brokers who want quality trading tools, risk management, and engagement items.

The Instruments You Can Trade with AquaFunded

After AquaFunded’s partnership with ThinkMarkets, they are able to provide more trading instruments than they did. Now, you can trade:

  • Forex Pairs
  • Indices
  • Cryptocurrencies
  • Commodities

The leverage depends on the trading instrument, here’s a table showing the tradable instrument and the leverage:

Tradable InstrumentLeverage
Forex1:100
Commodities1:20
Indices1:20
Crypto1:2

Indices

ASXDAXDOWFTSE
STOXX50NSDQ SPNIKKEIHK50

Cryptocurrencies

BCH/USDBTC/USDETH/USDLTC/USD

Commodities

XAG/USDXAU/USDXPD/USDXPT/USD
BRENTCLNGAS

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDAUD/SGDAUD/USD
AUD/ZARCAD/CHFCAD/JPYCHF/HUFCHF/JPYCHF/ZAR
EUR/AUDEUR/CADEUR/CHFEUR/CZKEUR/GBPEUR/HUF
EUR/JPYEUR/MXNEUR/NOKEUR/NZDEUR/PLNEUR/RUB
EUR/SEKEUR/SGDEUR/USDEUR/ZARGBP/AUDGBP/CAD
GBP/CHFGBP/JPYGBP/NZDGBP/SGDGBP/USDGBP/ZAR
NOK/SEKNZD/CADNZD/CHFNZD/JPYNZD/SEKNZD/SGD
NZD/USDSGD/JPYUSD/CADUSD/CHFUSD/CZKUSD/HKD
USD/HUFUSD/ILSUSD/JPYUSD/MXNUSD/NOKUSD/PLN
USD/RUBUSD/SEKUSD/SGDUSD/ZARZAR/JPY

How to Pay at AquaFunded

There are two payment options at AquaFunded:

  • Credit/Debit Cards
  • Cryptocurrency

Withdrawals can be made using Bank Transfer and Rise services.

AquaFunded Array of Account Sizes

You’re able to choose from two different challenge options at AquaFunded: 1-Step challenge, and 2-Step challenge. Both of them have the same account amount:

  • $10k
  • $25k
  • $50k
  • $100k
  • $200k

You can buy and trade multiple challenges at the same time. The sum of all accounts must stay up to $400k. With the scaling plan, you’re able to grow your account to $2 million.

The Profit Sharing System at AquaFunded

The ratio of profit share at AquaFunded is 90:10.

Profit Targets at AquaFunded

Both of the challenges at AquaFunded require different profit targets. The 1-Step challenge has a profit target of 9%. The first phase of the 2-Step challenge profit target is 9%, and the second phase is 5%.

Loss Rules and Daily Drawdown

AquaFunded allows you a daily loss limit of 3%. There is one more rule, that states you can’t lose more than 6% of the money you have ever had in your account.

Maximum/Minimum Trading Days at AquaFunded

There are no maximum and minimum trading days at AquaFunded. You have unlimited time to finish the evaluation process. Because of this, there are no challenge reset options.

AquaFunded Challenge Fee Breakdown

At AquaFunded, each challenge and account amount has different pricing.

One Phase Challenge

Account AmountPrice
$10k$97
$25k$217
$50k$317
$100k$517
$200k$997

Two Phase Challenge

Account AmountPrice
$10k$77
$25k$197
$50k$297
$100k$497
$200k$977

AquaFunded Fee and Commission Details

At AquaFunded, fees and commissions are charged per lot, and the amount depends on the trading instrument type.

Trading InstrumentCommission Fee
FOREX$5 per lot
COMMODITIES$5 per lot
INDICES$0 per lot
CRYPTO$0 per lot

AquaFunded and Their Refund Policy

At AquaFunded, refunds are not available once evaluation credentials are sent to you. After completing the evaluation, and entering the trading phase, you’ll get a refund of the initial fee.

Does AquaFunded Offer Free Trials?

You can try out a challenge before you decide to buy it. Choose the “try before you buy” option, and check out the challenge.

Trader Payout Schedule at AquaFunded

At AquaFunded, you’ll get your first payment 14 days after your first placed trade. Then, you can request the next payouts bi-weekly.

Trustpilot Assessment of AquaFunded: Pros & Cons

Pros

  • Great customer support
  • Tight spreads
  • Reliable prop firm
  • Fair profit share
  • No hidden rules

Cons

  • Problems while migrating to a new platform
  • Slower customer support while migrating to the new platform

AquaFunded Website FAQ

How do I become funded by AquaFunded?

You need to pass the evaluation to become funded.


How many accounts can I trade?

The number of accounts is not limited. But, you can’t put more than $400k together from all accounts.


Can I have a free retry?

No. You have unlimited time to finish the evaluation.


How do payouts work?

Payouts are available 14 days after the first trade. Every other payout is available bi-weekly.


Do you have a scaling plan?

Yes. You can grow your account up to $2 million with the scaling plan.


Is there a breach for inactivity?

Yes, your account is inactive and will be deactivated if you don’t place a trade for 30 days.


Am I trading real money?

No, all AquaFunded accounts are demos with virtual funds.


Are there any countries we cannot trade from?

Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.


When does the Evaluation start?

The evaluation starts with placing your first trade.


Do I have to pay for my loss?

No. AquaFunded covers all your losses during the evaluation.


Can I leave profits in my account?

Yes. You can leave profits in your account.


Is the Evaluation Fee refundable?

The fee is refundable only after the first payout.


What is the maximum capital I am allowed?

Funded accounts can hold up to $400k. You can expand your account with the scaling plan to $2 million.


What happens if I violate a rule or the trading parameters?

If you violate any rule of the trading parameters your account will be terminated.


What is the Profit Split?

The profit split is 90:10.


How to become an Affiliate?

Just register as an affiliate through your dashboard.

AquaFunded Prop Firm Review for 2024 (2024)

FAQs

Which prop firm is the best? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

What is the drawdown on Aqua Funded? ›

Your Daily drawdown is a fixed 4% and your Max Trailing is 6%.

Where is Aqua Funded located? ›

Dubai, UAE Based

Keep an eye out for the 'Aqua Mobile,' our G wagon cruising the city with the AquaFunded logo – a symbol of our commitment to navigating financial markets with style and confidence.

What is the oldest prop firm in the world? ›

{quote} FTMO (unless you are a US citizen), The5ers, and City Traders Imperium are the three oldest prop firms, and probably the only ones with 5+yrs reputable history of reliable payouts.

What is the best prop firm in 2024? ›

Top 3 Prop Trading Firms in 2024
PositionRating scoreTrading Firm
Ranking position9.65Topstep Overall score: 9.65/10
Ranking position9.02FTMO Overall score: 9.02/10
Ranking position8.39Funded Trading Plus Overall score: 8.39/10
4 Ranking position7.76The5ers Overall score: 7.76/10
16 more rows

What is the best futures prop firm for 2024? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

What is Aqua annual interest rate? ›

Representative 34.9% APR variable
Purchases
Promotional Rates*We may make promotional offers from time to time
Monthly Rate2.529% or 3.141% or 3.432% or 3.717% or 3.992%
Annual Rate34.95% or 44.93% or 49.91% or 54.95% or 59.95%

Does Aqua affect credit score? ›

Once you are registered and are due a credit score refresh, Aqua will perform a 'soft search' on your behalf, which may be visible to you in your credit report, however it is not visible to lenders and does not impact your credit score.

Can you withdraw from Aqua? ›

Can you withdraw money from an Aqua credit card? Yes, you can withdraw money from your Aqua card; however, there will be a fee of 3% (minimum of £3) for cash withdrawals.

What is the profit split on Aqua funded? ›

Once you pass our trading challenge, you will receive a 100% refund of the challenge fee and you're awarded with up to $400,000 of our capital to trade with. Congratulations, you are now an Aqua Trader! Trade with our capital and receive 90% Profit Split.

What is a prop firm? ›

A prop trading firm is a company that provides its traders with access to capital. In return, the traders share a percentage of the profits they generate with the company. Individuals face many hurdles on their journey to become professional traders.

What is finesse fx? ›

Finesse fx is a fully regulated broker offering a suite of trading options within an ecosystem designed for modern traders.

What is the best prop firm with instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

Which prop firm has the lowest spread? ›

Audacity Capital is one of the oldest Forex prop firms with tight spreads which allows traders to speculate on diverse markets and provides low-cost funding accounts.

Which prop firm is the cheapest? ›

Trade View Investments: Trade View Investments stands out as one of the most affordable prop firms in South Africa. With a focus on forex trading, they offer a competitive fee structure with minimal monthly costs and attractive profit-sharing arrangements.

Which prop firm is better than FTMO? ›

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.

Is FTMO the best prop firm? ›

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Which prop firm is the easiest to pass? ›

Overview: Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

What prop firm pays the fastest? ›

Funding Pips and Maven lead the rankings with the most frequent pay-outs, offering transactions every 5 days. Close behind, Traddoo and Funded Trading Plus offer weekly pay-outs. Smart Prop Trader, with its 12-day pay-out cycle, caters to those with a trading style that can accommodate less frequent access to funds.

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