AquaFunded is a new prop firm established in December 2023. The CEO is Jason Blax. The company is registered in Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates. AquaFunded recently partnered with Think Markets as their broker. The account sizes vary from $10,000 to $200,000. Prop firms have evaluation processes to choose who gets to trade with them, and so does AquaFunded.
They’re taking care of all the losses in the live trading account.
Platforms Used by AquaFunded for Trading
AquaFunded currently operates on the DXTrade platform, a comprehensive tool designed for brokers prioritizing client retention, engagement, and risk management. They’ve indicated plans to integrate the TradeLocker platform, further expanding their operational capabilities.
Community Feedback for AquaFunded
AquaFunded has a high score on Trustpilot based on community feedback. They have a 4.5 out of 5 rating from 586 reviews, with 83% of reviewers giving them 5 stars. AquaFunded is praised for top-notch customer support and a 90% profit split. Despite being new, the client commands its support system, expressing hope for success until funded, which they will update.
AquaFunded: Instruments You Can Trade
Partnering with ThinkMarkets has enabled AquaFunded to offer a wide array of trading instruments. They include:
- Forex Pairs
- Commodities
- Indices
- Cryptocurrencies
The leverage provided depends on the chosen trading instrument.
| Tradable Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Indices | 1:20 |
| Commodities | 1:20 |
| Crypto | 1:2 |
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 |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Payment Options at AquaFunded Prop Firm
AquaFunded offers transactions through Credit/Debit cards and Cryptocurrency. For withdrawal purposes, you can use Bank Transfer and Rise services.
Understanding Profit Splits at AquaFunded Prop Firm
AquaFunded promises a generous profit share of 90% to the traders, reserving just 10% for itself.
AquaFunded Approach to Profit Targets
For the One step challenge, traders need to hit a profit target of 9%. The Two Phase challenge demands a 9% profit in the first phase and 5% in the second, with strict adherence to all rules and trading parameters.
Account Size Options in AquaFunded
All accounts at AquaFunded contain five account amounts for selection: $10k, $25k, $50k, $100k, and $200k. You have the freedom to handle multiple challenges simultaneously, with funded accounts being capped at a maximum of $400k. With the scaling plan, you can grow their account up to $2 million.
| Challenge Size | $10,000 | $10,000 | $25,000 | $25,000 | $50,000 | $100,000 | $200,000 | $200,000 |
|---|---|---|---|---|---|---|---|---|
| Steps | 1-step | 2-Step | 1-step | 2-Step | 1-step | 2-Step | 1-step | 2-Step |
| Price | $58 | $46 | $162 | $147 | $237 | $387 | $747 | $732 |
| Profit split | 90% | 90% | 90% | 90% | 90% | 90% | 90% | 90% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Profit target | 9% | 8%-5% | 9% | 8%-5% | 9% | 8%-5% | 9% | 8%-5% |
| Max daily loss | 3% | 5% | 3% | 5% | 3% | 5% | 3% | 5% |
| Max total loss | 6% | 8% | 6% | 8% | 6% | 8% | 6% | 8% |
| Minimum trading days | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Commission per lot | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Refundable fees (Yes/No) | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Free trial (Yes/No) | No | No | No | No | No | No | No | No |
| Payout Frequency | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly |
Drawdown Rules and Daily/Max Loss Policy at AquaFunded
The daily loss limit at AquaFunded has been set at 3%, and traders are not allowed to lose more than 6% of the highest amount ever held in their account, regardless of its size.
Minimum and Maximum Trading Days at AquaFunded
AquaFunded provides unlimited time for traders to complete their evaluation, so there is no need for challenge reset options.
Step Challenges Available at AquaFunded
AquaFunded offers 2 types of challenges.
- One-Step (One-Phase) Challenge
- Two-Step (Two-Phase) Challenge
Commissions and Fees at AquaFunded
AquaFunded charges a commission fee per lot depending on the instrument type.
| Trading Instrument | Commission Fee |
|---|---|
| FOREX | $5 per lot |
| COMMODITIES | $5 per lot |
| INDICES | $0 per lot |
| CRYPTO | $0 per lot |
Refund Options at AquaFunded
AquaFunded doesn’t offer refunds after you get the evaluation credentials. Refunds are only given after completing the evaluation and reaching a profit split agreement.
Does AquaFunded Prop Firm Offer a Free Trial?
AquaFunded has an “try before you buy” option. This means you can try a challenge before you actually decide to buy it.
Payment Frequency at AquaFunded
You can obtain your first payount 14 calendar days from the first trade placement. Every other withdrawal is possible bi-weekly.
AquaFunded FAQ
You need to successfully pass the evaluation process.
How many accounts can I trade?
You can trade multiple accounts simultaneously, with a maximum merge limit of $400k.
Can I have a free retry?
No. You have unlimited time to complete the evaluation, so there is no need for retries.
How do payouts work?
Payouts are possible 14 days after the first trade, with subsequent payouts every 14 days of trading.
Do you have a scaling plan?
Yes, AquaFunded provides a scaling plan, allowing account growth up to $2,000,000.
Is there a breach for inactivity?
Accounts without any trade for 30 days are considered inactive.
Am I trading real money?
No, all AquaFunded accounts are demo accounts with virtual funds.
Are there any countries we cannot trade from?
Yes, AquaFunded restricts trading from Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.
When does the Evaluation start?
The evaluation starts immediately after the first trade placement.
Do I have to pay for my loss?
No, AquaFunded covers all losses on challenge accounts.
Can I leave profits in my account?
Yes, profits can be retained in the account.
Is the Evaluation Fee refundable?
The fee is refundable after the first payout. But,if you fail the evaluation, the fee isn’t refundable.
What is the maximum capital I am allowed?
Funded accounts can hold up to $400k, which can be expanded to $2,000,000 with the scaling plan.
What happens if I violate a rule or the trading parameters?
Any violation results in account termination and termination of the Trader Agreement.
What is the Profit Split?
The profit split is 90% for traders and 10% for AquaFunded.
How to become an Affiliate?
Sign up as an affiliate from your dashboard. Payouts are available every 14 days post the first sale. Withdrawals are possible once over $30 in commissions have been earned. However, Google ads to the affiliate link are not permitted.
