AquaFunded

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3.8/5

AquaFunded

7.5%
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Review

General Company Information

Aquafunded presents itself as a Dubai-based prop firm, established in December 2023. Its value proposition focuses on the trader’s talent, operating under the fundamental principle “Your Skill, Our Risk.”

The goal is to provide capital to skilled traders, allowing them to trade without direct liability for financial losses. Despite its short history, the firm has shown significant growth, distributing over $2.6 million in payouts to its global trading community.

A key attraction is the profit split, which can reach up to 100%, with a standard 90% and upgrade options available.

Shot from Aquafunded website

Mission, Vision and Social Commitment

Aquafunded’s mission is focused on empowering traders by providing capital, a favorable trading environment, and ongoing support. They emphasize their “reward guarantee” to ensure fast and reliable payouts.

Their vision is to become a leading funding firm, offering low spreads and real market execution, while building a strong community. They aim to help traders achieve sustainable success by combining talent and technology.

A distinctive aspect is their social commitment: they claim that operating with them contributes to ocean cleanup and drinking water supply initiatives.

AquaFunded Financing Plans

Aquafunded offers a variety of paths for traders to become Aqua Traders, catering to different experience levels and preferences.

Shot from Aquafunded website

Challenge-Based Financing Plans

These plans require passing evaluation phases with specific benefit targets and risk management rules. There is no time limit for completion.

PlanAccountsCostTarget ProfitMaximum Daily LossMaximum Total LossLeverage (FX)Phases
1 Step$5k - $200k$67 - $1,0179%3%6%1:1001
2 Steps$5k - $200k$57 - $9978% (F1), 5% (F2)5%8%1:1002
2 Pro Steps$10k - $200k$157 - $1,22710% (F1), 5% (F2)5%8%1:1002
3 Steps$10k - $200k$77 - $6776% (per phase)4%8%1:1003

Instant Financing

For traders who want immediate access to capital, avoiding the challenges.

PlanAccountsCostProfit SplitMaximum Daily LossMaximum Total LossLeverage (FX)Floating Drawdown
Standard$5k - $50k$210 - $2,860Up to 95%3%6%1:30N/A
Pro$2.5k - $50k$60 - $2,860Up to 95%3%5%1:50-2%

AquaFutures (Coming Soon)

Aquafunded plans to launch AquaFutures, a platform dedicated to futures trading. It will offer a 100% profit split up to the first $15,000 of profit, and then a 90% split thereafter.

Rules and Objectives of Funding Accounts

Understanding Aquafunded’s rules is crucial to success. They aim to foster discipline and risk management.

Trading Flexibility

  • The use of Expert Advisors (EAs) and trade copiers is permitted.
  • Positions can be held overnight and on weekends (including cryptocurrencies).
  • Hedging is allowed within the same account and Martingale strategies.
  • The use of stop-loss is not required and there are no maximum lot limits.
  • Challenge assessments have no time limits.

Risk Management and Consistency

RuleDescriptionApplies to
Loss LimitsDaily and Total as per plan (see tables above).All plans
Wave StopAutomatic closure if losses reach 2% of the balance.Funded accounts (not instant)
Floating Drawdown-2% limit on unrealized profits that can permanently close the account.Instant Funding Pro
Maximum Loss per TradeLimit of 2% of initial balance per trade.Instant Funding (Initial Challenge)
Consistency (Best Day)Cap on % of best day earnings over the total pay period.Instant Standard (40%), Pro/Aquaman (15%), 1 Step Pro (25%)
Drawdown TypeVaries by plan (Trailing or Static).All plans
Excessive Risk TakingProhibited (subjective definition).All plans
Inactivity RuleMinimum 1 transaction every 30 days.All plans
Prohibited PracticesPrice gouging, insider trading, and challenge-only strategies.All plans
Strategy ChangeNot allowed between challenge phase and funded account.Challenges -> Funded Accounts
Minimum Trading Days3 Steps (0), 1/2 Steps (3 days with >=0.5% profit), Instant (5 days).As per plan
News Trading (Funded)Restricted 5 minutes before/after high-impact news. FOMC prohibited. Profits during restricted period are eliminated.Funded Accounts

Trading Platforms and Available Assets

Supported Platforms

Aquafunded offers access through popular platforms:

  • MetaTrader 5 (MT5)
  • Match Trader (with TradingView charts)
  • TradeLocker

They previously supported cTrader, DXtrade (temporarily used for US clients), and MT4. They plan to launch their own platform (Match-Trade) and transition to DXtrade for US clients, demonstrating an effort to improve their technological infrastructure.

Negotiable Assets

Access to a wide range of markets is offered:

  • Forex (Currency)
  • Stock Indices
  • Metals (Gold, Silver)
  • Cryptocurrencies
  • Energy/Oil (in some plans)
  • Futures (coming soon with AquaFutures)

Shot from Aquafunded website

Leverage by Asset

Account TypeForexMetals / IndicesCryptocurrenciesOther Commodities
Challenge1:1001:201:21:20
Standard Instant1:301:101:21:10
Instant Pro1:501:101:21:10

Commissions, Payments and Profit Sharing

Division of Benefits

  • Standard (Challenges): 90%
  • Optional Upgrade: 100% (via add-on)
  • Instant Financing: Up to 95%
  • AquaFutures: 100% up to $15,000 profit, then 90%.

This structure is one of the most competitive on the market.

Payments and Withdrawals

  • Frequency: Biweekly (every 14 days). Option to accept a first payment within 7 days (with conditions/add-on).
  • Reward Guarantee: Payment processed within 48 hours or trader receives an additional $500.
  • Withdrawal Methods: Bank Transfer, Cryptocurrencies (USDC, stablecoins), Riseworks, local methods.
  • Minimum Withdrawal Amount: $100.

Commissions and Fees

ConceptRate
Forex/Metals/Commodities Commission$5 per round lot
Index/Crypto Fee$0
Refund Challenge100% (usually) upon completion of the assessment. 120% has been mentioned.

Customer Support and Additional Resources

Customer Support

  • Available 24/7 via social media, Discord, live chat, and email ([email protected]).
  • Reviews often highlight the quality and speed of support.

Tools and Community

  • Control Panel: Intuitive for tracking progress.
  • Trading Conditions: Deep liquidity accounts with fast execution and ECN spreads.
  • Scaling Plan: Opportunity for profitable traders to increase their account balance.
  • Help Center: help.aquafunded.com with FAQs, guides and rules.
  • Aqua Community: Powered by Discord, monthly $100,000 giveaway, and exclusive offers.
  • Testimonials: Published interviews with successful traders.

Educational Resources

  • Aquafunded does not provide formal training for traders; its focus is on identifying existing talent through simulation.
  • There is a blog, but the scope of the educational content is unclear.

Shot from Aquafunded website

Advantages and Disadvantages of Choosing AquaFunded

AdvantagesDisadvantages
High Profit Splits (up to 100%)News Trading Restrictions (funded accounts)
Fast and Reliable Payments (Reward Guarantee)Consistency Rules (may limit some styles)
24/7 Customer Support and Highly RatedLack of Structured Formal Education
Variety of Plans (Challenges and Instant)Online Questions (legitimacy/payments in some forums)
Flexible Assessments (no time limit)Lifestyle Focus (perception by some)
Challenge Fee RefundLimited Ownership Information (according to some sources)
Scaling Plan for GrowthTemporary Suspension Past in the U.S. (Regulatory)
Multiple Platforms (MT5, Match Trader, etc.)Wave Stop (2% floating loss closure on non-instant funds)
Cryptocurrency Trading AvailableFloating Drawdown -2% (Instant Pro - permanent closure)
Overall Positive Reviews (Trustpilot)Max Loss per Trade 2% (Instant Challenge)
Charitable Initiatives (Social Commitment)
AquaFutures (Expansion to Futures)
Style Flexibility (EAs, Hedging, etc.)

Final Thoughts on AquaFunded

Aquafunded is emerging as a prop firm with an attractive proposition, characterized by its generous profit splits, efficient payment system, and responsive support. The variety of plans and flexible trading styles are strong points.

However, traders should carefully analyze the rules, especially news restrictions and consistency rules, to ensure compatibility with their trading.

Although the company has mostly positive reviews, it’s prudent to consider the mixed opinions found in some online communities. The AquaFutures platform and its social commitment are indicative of innovation and a differentiated approach.

The final decision to trade with Aquafunded should be based on an individual assessment of the pros and cons, ensuring that its terms align with each trader’s goals and strategy.