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 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 Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Commodities | 1:20 |
| Indices | 1:20 |
| Crypto | 1:2 |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Forex Pairs
| AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD | AUD/USD |
| AUD/ZAR | CAD/CHF | CAD/JPY | CHF/HUF | CHF/JPY | CHF/ZAR |
| EUR/AUD | EUR/CAD | EUR/CHF | EUR/CZK | EUR/GBP | EUR/HUF |
| EUR/JPY | EUR/MXN | EUR/NOK | EUR/NZD | EUR/PLN | EUR/RUB |
| EUR/SEK | EUR/SGD | EUR/USD | EUR/ZAR | GBP/AUD | GBP/CAD |
| GBP/CHF | GBP/JPY | GBP/NZD | GBP/SGD | GBP/USD | GBP/ZAR |
| NOK/SEK | NZD/CAD | NZD/CHF | NZD/JPY | NZD/SEK | NZD/SGD |
| NZD/USD | SGD/JPY | USD/CAD | USD/CHF | USD/CZK | USD/HKD |
| USD/HUF | USD/ILS | USD/JPY | USD/MXN | USD/NOK | USD/PLN |
| USD/RUB | USD/SEK | USD/SGD | USD/ZAR | ZAR/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 Amount | Price |
|---|---|
| $10k | $97 |
| $25k | $217 |
| $50k | $317 |
| $100k | $517 |
| $200k | $997 |
Two Phase Challenge
| Account Amount | Price |
|---|---|
| $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 Instrument | Commission 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.
