Review
General Information
Aquafunded is a funding company, or prop firm, that was established in October 2023. With its base of operations in Dubai, United Arab Emirates, the firm has entered the competitive proprietary trading sector with a clear proposal: to allow traders to operate with the company’s capital under the motto “Your Skill, Our Risk.”
The company’s stated mission is “to unlock and amplify the unique potential of each trader,” providing a platform that combines talent and technology. a distinctive aspect of its corporate identity is its focus as “A Company with a Purpose.” Aquafunded claims that a portion of its operations is dedicated to charitable causes, such as cleaning the oceans and providing clean water to communities in need, adding a component of social responsibility to its business model.
From a corporate perspective, Aquafunded LTD is an entity registered in St. Lucia, but its operational hub is in Dubai. The firm is owned by AquaFunds, a holding company focused on creating trading brands with a global purpose. It is crucial to understand that Aquafunded is not a broker, does not manage client deposits, and all its operations are conducted in a simulated trading environment, a standard practice in the prop firm industry.
Funding Plans: A Look at All Programs
Aquafunded offers one of the widest ranges of funding programs on the market, designed to suit different trader profiles. The options are mainly divided into two categories: Instant Funding, which allows traders to skip the evaluation phase, and Evaluation Challenges, which require demonstrating trading skills through 1, 2, or 3-step processes.
This variety, with seven different models, is one of the firm’s most notable features, although it can also create complexity when choosing the most suitable plan. Below are all the available accounts, with information extracted directly from the official data provided for this analysis.
Instant Funding
The Instant Funding model is designed for traders who are confident in their strategy and prefer to pay a higher fee to directly access a funded account without going through an evaluation process. The main advantage is immediate access to capital, but the trade-off is usually stricter rules, such as a lower maximum loss limit and the application of consistency rules.
External sources indicate that the Instant Standard accounts have a 40% daily consistency rule, while for Instant Pro accounts it is 15%. This means that the best trading day cannot represent more than that percentage of the total profit to request a withdrawal. Additionally, there have been complaints in the community about an alleged “hidden rule” that liquidates open positions if their floating drawdown exceeds 2% of the balance, a rule not advertised on the firm’s main pages.
Instant Standard Accounts
| Account Size | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|
| $5,000 | 3 | Instant | $132 |
| $10,000 | 3 | Instant | $178 |
| $25,000 | 3 | Instant | $356 |
| $50,000 | 3 | Instant | $534 |
| $100,000 | 3 | Instant | $862 |
Instant Pro Accounts
| Account Size | Maximum Daily Loss (%) | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|---|
| $2,500 | 3 | 6 | Instant | $60 |
| $5,000 | 3 | 6 | Instant | $115 |
| $10,000 | 3 | 6 | Instant | $155 |
| $25,000 | 3 | 6 | Instant | $310 |
| $50,000 | 3 | 6 | Instant | $465 |
| $100,000 | 3 | 6 | Instant | $750 |
| $150,000 | 3 | 6 | Instant | $980 |
| $200,000 | 3 | 6 | Instant | $1250 |
| $250,000 | 3 | 6 | Instant | $1540 |
| $300,000 | 3 | 6 | Instant | $1790 |
1-Step Evaluation
This model simplifies the evaluation process to a single phase. The trader must reach a specific profit target without breaching the drawdown rules to get the funded account. It is a popular option for those looking for a faster path to funding than the traditional two-step model.
1 Step Standard Accounts
| Account Size | Profit Target (%) | Maximum Daily Loss (%) | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|---|---|
| $5,000 | 9 | 3 | 6 | 1 | $67 |
| $10,000 | 9 | 3 | 6 | 1 | $113 |
| $25,000 | 9 | 3 | 6 | 1 | $227 |
| $50,000 | 9 | 3 | 6 | 1 | $327 |
| $100,000 | 9 | 3 | 6 | 1 | $527 |
| $200,000 | 9 | 3 | 6 | 1 | $1017 |
1 Step Pro Accounts
| Account Size | Profit Target (%) | Maximum Daily Loss (%) | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|---|---|
| $5,000 | 12 | 3 | 8 | 1 | $59 |
| $10,000 | 12 | 3 | 8 | 1 | $99 |
| $25,000 | 12 | 3 | 8 | 1 | $199 |
| $50,000 | 12 | 3 | 8 | 1 | $289 |
| $100,000 | 12 | 3 | 8 | 1 | $459 |
| $200,000 | 12 | 3 | 8 | 1 | $899 |
2-Step Evaluation
This is the most widespread model in the industry. It consists of two evaluation phases. Phase 1, called “The Wave,” has a higher profit target. Phase 2, “The Ripple,” functions as a verification stage with a lower profit target. Successfully passing both phases grants the trader funded status.
2 Step Standard Accounts
| Account Size | Profit Target Phase 1/2 (%) | Maximum Daily Loss (%) | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|---|---|
| $5,000 | 8 / 5 | 5 | 8 | 2 | $57 |
| $10,000 | 8 / 5 | 5 | 8 | 2 | $103 |
| $25,000 | 8 / 5 | 5 | 8 | 2 | $217 |
| $50,000 | 8 / 5 | 5 | 8 | 2 | $317 |
| $100,000 | 8 / 5 | 5 | 8 | 2 | $517 |
| $200,000 | 8 / 5 | 5 | 8 | 2 | $997 |
2 Step Pro Accounts
| Account Size | Profit Target Phase 1/2 (%) | Maximum Daily Loss (%) | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|---|---|
| $5,000 | 10 / 5 | 5 | 10 | 2 | $39 |
| $10,000 | 10 / 5 | 5 | 10 | 2 | $76 |
| $25,000 | 10 / 5 | 5 | 10 | 2 | $138 |
| $50,000 | 10 / 5 | 5 | 10 | 2 | $247 |
| $100,000 | 10 / 5 | 5 | 10 | 2 | $460 |
| $200,000 | 10 / 5 | 5 | 10 | 2 | $925 |
3-Step Evaluation
This is a less common model that divides the total profit target into three identical, smaller phases. This approach can be attractive to traders who prefer to achieve shorter, more frequent goals instead of a single, larger profit target.
3 Step Accounts
| Account Size | Profit Target Phases 1/2/3 (%) | Maximum Daily Loss (%) | Maximum Loss (%) | Steps | Price (USD) |
|---|---|---|---|---|---|
| $10,000 | 6 / 6 / 6 | 4 | 8 | 3 | $77 |
| $25,000 | 6 / 6 / 6 | 4 | 8 | 3 | $157 |
| $50,000 | 6 / 6 / 6 | 4 | 8 | 3 | $237 |
| $100,000 | 6 / 6 / 6 | 4 | 8 | 3 | $377 |
| $200,000 | 6 / 6 / 6 | 4 | 8 | 3 | $677 |
Trading Rules
Understanding and strictly following the trading rules is the most critical aspect of succeeding with any prop firm. Violations, even unintentional ones, can lead to the loss of the account.
One of the most favorable conditions that applies to all evaluation programs is that there are no time limits, neither minimum nor maximum, to complete the challenges. This removes a significant source of psychological pressure for traders. Additionally, holding positions open overnight and on weekends is generally allowed.
Loss Limits (Drawdown) and Profit Targets
Aquafunded, like all prop firms, sets strict loss limits to manage its risk.
The Maximum Daily Loss (Maximum Daily Drawdown) is calculated based on the account balance at the start of the day (at 5 PM EST). If the starting balance is $100,000 and the daily limit is 5%, the account cannot drop below $95,000 at any point during that day, including floating losses.
The Maximum Total Loss (Maximum Total Drawdown) is a static limit, which is a significant advantage. It is always calculated based on the initial account balance and does not move (it is not “trailing”) as profits are made. On a $100,000 account with an 8% limit, the equity can never fall below $92,000.
Profit targets vary considerably between the different plans, from 6% per phase in the 3-step model to 12% in the 1-Step Pro model.
Consistency Rules
AquaFunded applies a consistency rule that limits the percentage of profits that can be generated in a single day relative to the total accumulated in the payout period. It does not constitute an account violation, but it does block the ability to withdraw profits until the “best profit day” falls below the allowed percentage.
- Instant Funding Standard: 20%
- Instant Funding Pro: 15%
- Aqua Man Model: 15%
- Two Step Pro: 25%
- One Step Pro: 25%
Example: if you earn $1,000 in one day on the Standard model, you need to accumulate at least $5,000 in total profits before you can withdraw.
Trading During High-Impact News
The policy on trading during high-impact news events is a key rule at many prop firms.
AquaFunded allows trading during news in evaluation phases, but not on funded accounts. On funded accounts, it is forbidden to open or close trades within 5 minutes before and after:
- High-impact news (red folder).
- Events related to the FOMC (speeches, statements, etc.).
Profits made on those trades are removed, although they do not imply an account violation.
Allowed and Prohibited Strategies
Aquafunded allows a wide range of strategies but imposes restrictions to prevent practices considered abusive or not reflective of genuine trading.
The use of Expert Advisors (EAs) is allowed, but with significant limitations. High-frequency trading (HFT) EAs, latency arbitrage, and the use of commercial EAs that are used by a large number of traders simultaneously are prohibited, as this could be detected as unpermitted copy trading.
Copy Trading from a trader’s own accounts is usually allowed, but it is strictly forbidden to use third-party signal services or to copy the trades of other traders.
Hedging or covering positions within the same account is an accepted risk management practice. However, “reverse trading” or hedging between different accounts (e.g., opening a buy on one account and a sell on another on the same asset) is a serious violation of the rules.
Other prohibited practices include “account rolling” (buying multiple challenges to sacrifice some and pass others in a guaranteed way) and any form of arbitrage that exploits server or data feed inefficiencies.
Deposits and Profit Withdrawals
The management of payments, both for purchasing challenges and for withdrawing profits, is a decisive factor for traders. Aquafunded offers several options and a withdrawal policy with notable features.
Payment Methods and Purchase Process
To purchase an evaluation program or instant funding, Aquafunded accepts standard industry payment methods, which mainly include credit/debit cards and a variety of cryptocurrencies.
The evaluation fee is refundable. According to the firm, the fee is fully returned to the trader once they pass the challenge and request their first profit withdrawal. Additionally, Aquafunded often launches promotions that include an enhanced refund, such as the “150% Refund.”
Withdrawal Policy: Frequency, Methods, and Conditions
The frequency of withdrawals is a strong point. For accounts obtained through challenges, payouts are bi-weekly, with the possibility of requesting the first payout in as little as 7 days. In the Instant Funding programs, payouts are “On Demand.”
The available methods for receiving profits include bank transfer and cryptocurrencies. Recently, the firm announced the integration of Riseworks, a payment platform that facilitates both traditional transfers and crypto-asset payments, offering greater flexibility to traders.
The profit split is very competitive, starting at 90% for the trader. In addition, the firm has a scaling plan that allows for an increase in the account’s capital. A trader can request a 25% increase in their capital if they achieve a 12% profit over a three-month period. With scaling, the profit split can reach up to 100%.
One of Aquafunded’s most unique and outstanding features is its “Reward Guarantee.” The company commits to processing payments within 48 hours of the request. If they do not meet this deadline, they claim they will add an additional $1,000 to the trader’s payout. This guarantee is a powerful marketing tool to build trust. However, its practical effectiveness should be analyzed with caution. Community reports suggest that some accounts have been canceled for rule violations just after requesting a withdrawal, but before it is processed. This implies that the 48-hour clock likely does not start until the account has passed a thorough and potentially strict compliance review. Therefore, the real challenge for the trader is not the speed of the payment, but ensuring they pass this pre-withdrawal audit.
Trading Environment and Technical Aspects
The technological infrastructure that supports operations is vital for a trader’s performance. Aquafunded has proven to be proactive in this area, diversifying its platforms and seeking greater independence.
Available Trading Platforms
In a sector that has seen many firms suffer from their dependence on MetaTrader 4 and 5, Aquafunded has opted for platform diversification. It currently offers its traders the ability to operate on cTrader, DXtrade, and TradeLocker. Furthermore, they have announced plans to integrate Match-Trade soon.
This variety is a significant strong point. Platforms like TradeLocker and Match-Trader are known for their modern interfaces, ease of use, and integration of advanced tools like TradingView charts, which enhances the user experience.
Broker, Leverage, and Commissions
Like most prop firms, Aquafunded does not act as a broker. It uses liquidity providers to simulate a real market environment for its operations. The firm has stated its intention to launch its own regulated broker for non-US clients, a strategic move to reduce reliance on third parties and increase the stability of its operations.
The offered leverage varies depending on the account type. In the evaluation programs, the maximum leverage is usually up to 1:100. For Instant Funding accounts, the leverage may be more conservative, around 1:50.
Regarding trading costs, the company claims to offer ECN-type spreads and fast execution. Specific information about average spreads or commissions per lot can be found in their help center, which contains a dedicated article on this topic.
Tradable Financial Instruments
Aquafunded offers a good selection of instruments to trade, covering the most popular markets. Traders can trade a variety of assets including:
- Currency pairs (Forex)
- Stock indices
- Precious metals
- Cryptocurrencies
Customer Support and Restricted Countries
Customer service and geographic access policies are important practical aspects for any trader considering joining a prop firm.
Aquafunded offers several support channels. Users can contact the company through a form on their website, by email at support@aquafunded.com, or by phone at +971 43978082. The firm claims to offer 24/7 support and promises to respond to inquiries within 24 hours. Additionally, they maintain an active community on Discord, which serves as an additional channel for support and announcements.
Regarding geographic restrictions, Aquafunded does not publish a clear and easily accessible list of restricted countries on its main website. However, like most firms in the sector, it is very likely that they do not accept clients from countries subject to international sanctions. This list usually includes, among others, Cuba, Iran, North Korea, and Syria.
Strengths of Aquafunded
After a detailed analysis, several key strengths can be identified in Aquafunded’s offering:
- Wide Variety of Programs: With seven different funding models, the firm offers exceptional flexibility for traders to choose the path that best suits their style and confidence level.
- No Time Limits on Evaluations: The absence of a deadline to complete the challenges removes a significant psychological barrier and allows traders to operate without pressure.
- Attractive Profit Conditions: The profit split of up to 100% and a clear scaling plan offer great long-term earnings potential.
- Platform Diversification: The proactive adoption of multiple modern trading platforms (cTrader, TradeLocker, DXtrade) demonstrates a forward-thinking vision and less dependence on MetaTrader.
- Competitive Pricing: Some of their programs, especially the “Pro” models, are among the most affordable on the market relative to the capital offered.
- Unique Features: The “Reward Guarantee” of payment within 48 hours is a bold value proposition and a key differentiator in the market.
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