AquaFunded processes your payout orders in 48 hours, or you’ll be compensated an extra $500. The Prop firm was founded in 2023 by "Jason Blax, Franco Crean, and Sean Bainton".
It has 42,000 clients, and payouts are available just after 14 days of the first trade.
AquaFunded Prop firm (Introduction + Features)
The company aims to empower traders and foster sustainable success. Since its launch in 2023, The UAE-based Prop firm has quickly gained a reputation for its trader-friendly policies and innovative approach.
Key features that make AquaFunded stand out include:
- 100% Profit Split: The firm offers a 100% profit split, allowing traders to keep the bigger share of their hard-earned profits;
- Fast Bi-Weekly Payouts: payouts are available just 14 days after the first trade;
- Competitive Profit Targets: The profit goal ranges from 5-12%;
- No Hidden Rules: The firm prides itself on transparency, with no restrictive rules hampering traders' strategies;
- 100% Refundable Fees: The one-time challenge fees are fully refundable;
- Scalable Capital: High-performing traders can see their accounts scaled up to $2 million in trading capital;
- Global Reach: Based in Dubai, the firm leverages its location to provide worldwide access to deep liquidity markets.
The company is headquartered at Algaroud Center, 2nd Floor, Office 101-05, Dubai, UAE.
AquaFunded Specifications Summary
The Company’s features reflect its commitment to providing traders with a robust and flexible trading environment. The firm's use of reputable brokers and the popular MT5 platform ensures traders have access to reliable tools and deep liquidity.
The generous profit split and frequent payouts are attractive features that set AquaFunded prop apart in the competitive prop firm landscape.
Account currency | N/A |
Minimum price | $39 |
Maximum leverage | Up to 1:100 |
Maximum profit split | Up to 100% |
Instruments | Forex, Commodities, Indices, Crypto |
Assets | Unspecified |
Evaluation steps | 1-phase, 2-phase, 3-phase, Instant Funding |
Withdrawal methods | Bank transfer and crypto via Rise |
Maximum fund size | Up to $2M |
First profit target | From 6% |
Max. daily loss | Up to 5% |
Challenge time limit | None |
News trading | Prohibited in a 10-minute time frame during news releases (only on AquaTrader account) |
Maximum total drawdown | Up to 10% |
Trading platforms | MT5, Match Trader, TradeLocker |
Commission | $5 per lot for Forex and Commodities |
TrustPilot score | 3.8 out of 5 |
Payout frequency | Bi-Weekly |
Established country | UAE |
Established year | 2023 |
AquaFunded Pros & Cons
When considering any proprietary trading firm, weighing the advantages and disadvantages is crucial. Flexible evaluation process, high leverage options, and the ability to trade on various markets are some of the firm’s key advantages.
Here's a balanced look at AquaFunded pros & cons.
Pros | Cons |
Exceptional 100% profit split | Relatively new firm (established in 2023) |
Flexible challenges (1-step, 2-step, and 3-step) | Strict drawdown limits |
Generous leverage ratios (up to 1:100 for Forex) | News trading restrictions on funded accounts |
A diverse range of trading instruments | Reports of higher slippage compared to some competitors |
Bi-weekly payouts for quick access to profits | Reports of delays in receiving credentials after evaluation |
Access to Instant Funding | - |
AquaFunded Funding & Price
The next step in the AquaFunded review is Funding. The firm has designed its funding structure to be accessible and scalable, catering to traders with various experience and capital levels.
Here's a breakdown of their funding options and associated pricing.
Account size | 1 Step | 1 Step Pro | 2 Step | 2 Step Pro | 3 Step | Instant Funding | Instant Funding Pro |
$2.5K | - | - | - | - | - | - | $60 |
$5K | $67 | $59 | $57 | $39 | - | $210 | $115 |
$10K | $113 | $99 | $103 | $76 | $77 | $420 | $155 |
$25K | $227 | $199 | $217 | $138 | $157 | $950 | $310 |
$50K | $327 | $289 | $317 | $247 | $237 | $2,145 | $465 |
$100K | $527 | $459 | $517 | $460 | $377 | - | $750 |
$150K | - | - | - | - | - | - | $980 |
$200k | $1,017 | $899 | $997 | $926 | $677 | - | $1,250 |
It's worth noting that the company’s pricing is relatively competitive within the prop firm industry, especially considering the high profit split and refundable fee structure.
AquaFunded Account Opening & Verification
AquaFunded registration process is fast and straightforward. Within minutes, you’ll have access to your personal dashboard, ready to explore trading challenges and rules.
#1 Navigate to the Registration Form
Go to the AquaFunded homepage, click on “Log In”, then select “Create one” to launch the sign-up form.
#2 Enter Your Account Details
Fill in your full name and email address, and set a secure password. Once complete, hit “Register Now” to proceed.
#3 Access Your Trading Dashboard
Return to the login screen, input your credentials, and select “Login”. You’ll be instantly redirected to your AquaFunded dashboard.
#4 Verification
Opening an account with the Prop firm and going through the verification process is designed to be straightforward yet thorough. Here's a step-by-step guide to the AquaFunded prop sign-up process.
Upon purchasing a challenge, you can start the evaluation phase right away. After passing the challenge, you’ll get a real funded account.
But before that, you need to complete the KYC. Use the steps provided in the AquaFunded review to complete the verification process.
- Navigate to the “KYC Verification” in the firm’s dashboard;
- Choose the type of identification;
- Upload a vivid picture of your ID;
- Wait for the confirmation email in your inbox.
Remember, the verification process is crucial for maintaining the program's integrity and ensuring compliance with financial regulations.
AquaFunded Evaluation Steps
The company's evaluation processes, known as "The Wave" and "The Ripple," are designed to identify skilled traders who can consistently generate profits while managing risk effectively.
Here's a breakdown of the AquaFunded evaluation steps.
Features | 1 Step | 1 Step Pro | 2 Step | 2 Step Pro | 3 Step | Instant Funding | Instant Funding Pro |
Trading Period | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | - | - |
Profit Target | 9% | 12% | 8% - 5% | 10% - 5% | 6% - 6% - 6% | - | - |
Maximum Daily Loss | 3% - 3% | 3% - 3% | 5% - 5% - 5% | 5% - 5% - 5% | 4% - 4% - 4% - 4% | 3% | 3% |
Maximum Loss | 6% - 6% | 8% - 8% | 8% - 8% - 8% | 10% - 10% - 10% | 8% - 8% - 8% - 8% | 6% | 5% |
Leverage | 1:100 | 1:100 - 1:50 | 1:100 | 1:50 | 1:100 | 1:30 | 1:50 |
Payouts | Bi-Weekly | Bi-Weekly | Bi-Weekly | Bi-Weekly | Bi-Weekly | Bi-Weekly | Bi-Weekly |
Profit Split | 100% | 100% | 100% | 100% | 100% | Up to 100% | Up to 100% |
The firm has set a "trailing" drawdown type, which is updated daily based on the highest equity or balance reached by 5 PM EST.
Bonus and Promotions in AquaFunded
Bonuses are the incentives that the company uses to attract new customers and reward existing ones for their loyalty.
AquaFunded offers two main promotion plans, including:
- Discount code: Seasonal discounts are used to promote specific challenges. The firm currently offers a 35% discount on all products, plus a 50% discount on $5K Two Step accounts;
- Affiliate program: You can earn up to 20% commission on all traders you recommend.
To get the latest updates on bonuses and promotion plans, following the firm on social media and checking its website is essential.
AquaFunded Rules
You must trade by the rules set by the prop firm; otherwise, your account might be closed. A summary of AquaFunded Rules:
- Hedging: Hedging is allowed on the same account;
- Expert Advisors (EA): EAs are allowed. You can use Expert Advisors (EAs) to tailor your strategy or trading style. Additionally, trade copiers are permitted;
- Martingale and Arbitrage Strategy: Martingale strategy is allowed, but arbitrage bots, reverse arbitrage, latency arbitrage, and hedge arbitrage are prohibited;
- News Trading: News trading is allowed during the evaluation phase; however, it is prohibited on funded accounts.
VPN Usage
No specific details are provided regarding the usage of VPN in the trading process.
Hedging
Hedging is permitted within the same account, allowing you to utilize this strategy across all trading phases.
Expert Advisors (EA)
The use of Expert Advisors (EAs) is allowed, and you can incorporate these tools to customize your trading style or strategy. Additionally, trade copiers are permitted, allowing you to mirror trades efficiently.
Martingale & Arbitrage Strategy
Martingale strategies are permissible; however, certain forms of arbitrage and manipulative tactics are banned. Specifically, trading based on advantages exclusive to demo accounts (such as freezing data or using delayed feeds) is prohibited. Other tactics like tick scalping, high-frequency trading, reverse arbitrage, and hedge arbitrage also violate the platform's rules.
Cheating
Any activity deemed as "cheating" will result in account closure, regardless of whether the trader is in the evaluation phase or already funded. This includes exploiting demo accounts for generating risk-free profits and using strategies that take advantage of platform errors or delays.
News Trading
- Evaluation Accounts: News trading is allowed during the evaluation phase;
- Funded Accounts: On funded accounts, any trades placed within 5 minutes before and after high-impact news releases (red folder news) are prohibited. Profits from these trades will be removed, but no violation will be recorded;
- Similarly, trades during FOMC speeches or statements will also be considered for profit removal.
AquaFunded Trading Platforms
The Prop firm has embraced technological innovation to provide traders with a robust and versatile trading environment.
Here's a rundown of trading platforms that are worth mentioning in the AquaFunded review.
- MetaTrader 5 (MT5): The most popular platform on the firm, known for its advanced charting, automated trading capabilities, and wide range of technical indicators;
- Match Trader: Multi-device trading solutions with robust features, including economic calendar, 24/7 support, data feed, and many more;
- TradeLocker: Integrated with TradingView, the platform offers real-time market data, risk calculator, trailing stop loss, on-chart trading, and more.
The firm’s commitment to offering multiple platforms reflects its understanding of diverse trader needs and preferences.
Asset Classes and Symbols Available on AquaFunded
The Prop firm offers various asset classes and symbols, catering to various trading strategies and preferences. You can trade CFDs on Forex market, Indices, Commodities, and Crypto with AquaFunded prop. However, each of these instruments comes with a specific leverage limit.
Trading Instrument | Max Leverage |
Forex | 1:100 |
Indices | 1:20 |
Commodities | 1:20 |
Crypto | 1:2 |
AquaFunded Payment Methods
Understanding the available payment methods and the restrictions that come with each one is crucial when choosing a Prop firm. AquaFunded aims to provide a smooth and efficient payment process for its traders.
Payout Partner | Riseworks.io |
Withdrawal Options | Fiat and Crypto |
Payout Frequency | Bi-Weekly |
Min. Withdrawal | $100 |
Processing Time | 1-2 Business Days |
Note that to initiate a withdrawal, all open and pending trades must be closed.
Commission and Trading Fees on AquaFunded
The Prop firm has structured its commission and fee system to be competitive and transparent. AquaFunded offers only ECN spread accounts with fixed commissions.
Trading Instrument | Commission (per lot) |
Forex | $5 |
Indices | $0 |
Commodities | $5 |
Crypto | $0 |
The Prop firm has mentioned on its website that the trading spreads start from 0.0 pips.
It's worth noting that while the firm’s fee structure is relatively straightforward, the actual trading costs can vary depending on your trading style, frequency, and the specific instruments you trade.
The absence of commissions on indices and cryptocurrencies could be particularly attractive for traders focusing on these markets.
AquaFunded Educational Resources
The firm recognizes the importance of trader education and provides various educational content to support novice and experienced traders.
AquaFunded blog and media offer videos and articles on whatever traders need to know. However, it’s worth mentioning that the firm isn’t much active as it should be.
While the company’s educational offerings may not be as extensive as those of some more established prop firms, they provide a solid foundation for traders to build upon.
AquaFunded Trust Scores
Trust and reliability are paramount in prop trading, where traders entrust their skills and potential earnings to a firm. While the company is a relatively new entrant in the prop trading space, early indicators suggest a positive reputation among traders.
Here's an overview of the trust factors that we must check in the AquaFunded review.
- ScamAdviser Rating: The firm's website has a 100/100 Trustscore on the mentioned source;
- AquaFunded Trustpilot Score: There are over 980 client reviews, which gained the prop firm a score of 3.8 out of 5.
The company doesn’t have a profile on other famous websites like Forex Peace Army. This may be concerning for some traders.
As the company continues to operate and grow, more comprehensive trust scores and third-party reviews will likely become available.
AquaFunded Customer Services
AquaFunded offers four main contact channels, including:
- “Contact Us” form: Use it to send a ticket and expect to receive an answer within 24 hours;
- Live chat: Available only at certain hours of the day.
- Email: support@aquafunded.com
- Phone Call: +971 43978082
The prop firm has not provided any specific schedule for the working hours of the customer services department.
AquaFunded Accounts on Social Media
In today's digital age, a strong social media presence is crucial for businesses to engage with their audience and build trust. The Prop firm, recognizing this importance, has established a presence on various social media platforms.
Here's an overview of AquaFunded's social media profiles.
- Discord
- X
- Telegram
- Youtube
The firm has over 32,000 subscribers in its Discord community and more than 34.2K followers on X.
AquaFunded in Comparison with Competitors
The table here will go through a comparison between AquaFunded and other major prop firms:
Parameters | AquaFunded Prop Firm | |||
Minimum Challenge Price | $39 | $50 | €55 | $33 |
Maximum Fund Size | $2,000,000 | $2,000,000 | Infinite | $400,000 |
Evaluation steps | 1-phase, 2-phase, 3-phase, Instant Funding | 1-Step, 2-Step | 2-Step | 1-Step, 2-Step, 3-Step, Instant Funding |
Profit Share | Up to 100% | 90% | 100% | 100% |
Max Daily Drawdown | 5% | 4% | 5% | 7% |
Max Drawdown | 10% | 6% | 8% | 14% |
First Profit Target | 6% | 5% | 10% | 6% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:5 | 1:100 | 1:100 |
Payout Frequency | 14 Days | Bi-weekly | 14 Days | Weekly |
Number of Trading Assets | N/A | 100+ | 150+ | 40+ |
Trading Platforms | MT5, Match Trader, TradeLocker | Proprietary platform | Proprietary platform | MetaTrader 5, Match Trader |
Expert Suggestions
AquaFunded prop has 3 challenges [1-phase, 2-phase, 3-phase] in addition to instant funding models and offers 1:100 maximum leverage. AquaFunded pays its affiliates up to 20% commission (for +50 referrals). On the other hand, it has strict rules, including news trading restrictions.