AquaFunded Launches New "1 Step Flex" Challenge with No Consistency Rules
AquaFunded Launches New "1 Step Flex" Challenge with No Consistency Rules
AquaFunded has officially launched its new single-step evaluation model, the 1 Step Flex. This program allows traders to pass the evaluation phase in a single day, removing the consistency rules typically found in other models from the firm.
Technical Specifications and Targets
The challenge sets a 10% profit target. Regarding risk management, it features a 3% daily trailing drawdown and a 10% static maximum drawdown.
Account Sizes and Pricing
The available options for traders include various capitalization levels:
- $5,000: $79
- $10,000: $139
- $25,000: $279
- $50,000: $429
- $100,000: $749
Profit Split and Payouts
The standard profit split is set at 90%. Through optional add-ons, traders can increase this to 100% and make the first payout available after just 7 days.
To request the first reward on a funded account, users must complete 3 qualifying trading days, defined as days with at least 0.5% profit per day.
WaveStop Rule Implementation
The WaveStop rule does not apply during the evaluation phase. However, on funded Flex accounts, it is triggered at -1% floating PnL:
WaveStop Penalties
- First strike: Profit split reduced to 50%.
- Second strike: Profit split reduced to 25%.
- Third strike: Permanent account breach.
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