The short answer
AquaFunded is the superior choice for traders using copy trading or standard EAs and who prefer modern platforms like cTrader. IQ Capital is tailored for those who demand EOD (End of Day) drawdown, trade Stocks, or require TradingView and Volumetrica integration.
Where they actually differ
- Styles (Copy Trading & EAs): This is the main divider. AquaFunded allows copy trading (internal and external) and EAs without strict logic restrictions. IQ Capital bans copy trading entirely and only permits EAs if they are self-developed or transparent (no commercial black-box bots).
- Risk (Drawdown Type): AquaFunded uses intraday trailing drawdown based on the higher of equity or balance for most plans. IQ Capital uses EOD trailing, which only updates at the market close and locks at the initial balance once reached, providing more breathing room during the day.
- Platforms: AquaFunded offers cTrader, MatchTrader, and TradeLocker. IQ Capital offers TradingView and Volumetrica (for crypto/futures styles), which AquaFunded lacks.
- Payout (Frequency): IQ Capital’s "Rapid" plan allows payouts after just one session (daily). AquaFunded typically pays every 14 days, though this can be reduced to 7 days with a paid add-on.
- Assets: IQ Capital includes Stocks and a wider range of Crypto; AquaFunded focuses on Forex, Indices, and Commodities.
- Risk (Stop Loss & Rules): AquaFunded has a "Wave Stop" rule (automatic closure at 2% loss) and a "Maximum Risk Limit" (-2% floating PnL closure) on Instant accounts. IQ Capital uses a strict "15-second rule" for scalping and a 0.5% aggregated risk limit on funded accounts.
Where they are basically the same
- Price: Both firms offer aggressive entry-level pricing, with micro-accounts available for under $20.
- Profit Split: Both default to a 90% profit share for the trader on standard evaluations.
- News Trading: Both allow news trading, though both apply consistency caps or restrictions on profits generated during high-impact windows.
Pick this one if
AquaFunded
- You want to use copy trading from other accounts.
- You prefer trading on cTrader.
- You use commercial EAs or bots.
- You want a straightforward 1-step, 2-step, or 3-step evaluation.
IQ Capital
- You want a drawdown that only updates at the end of the day (EOD).
- You trade through TradingView.
- You want the possibility of daily payouts (Rapid plan).
- You trade Stocks alongside Forex.
Frequently asked questions
Which firm is cheaper to start with, AquaFunded or IQ Capital?
IQ Capital is significantly cheaper for a first-time entry due to its "Welcome Offer," which provides a $50,000 Core account evaluation for just $9. In comparison, AquaFunded's cheapest entry is the "TryAqua" $1,000 account for $15, or their $5,000 2-step evaluation for $29.
Who offers faster payouts, AquaFunded or IQ Capital?
IQ Capital offers faster payouts through its "Rapid - Daily Payout" plan, which allows withdrawals after a single active session. AquaFunded follows a bi-weekly schedule (14 days), although traders can pay for an add-on to receive their first payout after 7 days.
Which firm has more flexible platform options, AquaFunded or IQ Capital?
It depends on your style: AquaFunded is better for "app-based" traders, offering cTrader, MatchTrader, and TradeLocker. IQ Capital is superior for technical analysts, as it provides native integration with TradingView and the professional order-flow platform Volumetrica. Both offer MetaTrader 5.
Does AquaFunded or IQ Capital have stricter rules for using EAs?
IQ Capital is much stricter, as it only allows self-developed or transparent systems where the trader has full control over the logic; commercial black-box bots are prohibited. AquaFunded is more permissive, allowing most EAs as long as they don't use prohibited strategies like latency arbitrage or high-frequency trading (HFT).
























