AquaFunded, a new prop firm led by Jason Blax, was established in December 2023, in Dubai, United Arab Emirates. AquaFunded offers account sizes from $10k to $200k. Recently, they partnered with ThinkMarkets as their new broker. They use a strict evaluation process to choose who gets to trade with them.
Trading Platforms at AquaFunded
AquaFunded currently operates on the DXTrade platform, which offers quality tools for client retention, engagement, and risk management. They announced the upcoming integration of the TradeLocker platform, expanding their trading platform suite.
Range of Instruments by AquaFunded
AquaFunded offers a bigger range of trading instruments than they did before. The reason behind that is their partnership with ThinkMarkets. The leverage depends on the trading instrument you choose.
You can trade:
- Forex Pairs
- Commodities
- Indices
- Cryptocurrencies
| Tradable Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Commodities | 1:20 |
| Indices | 1:20 |
| Crypto | 1:2 |
Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
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 |
Payment Methods at AquaFunded
There are two payment options available at AquaFunded: Cryptocurrency and Credit/Debit cards. They also offer two withdrawal options: Bank Transfer and Rise.
Available Account Sizes at AquaFunded
There are five account sizes AquaFunded offers:
- $10k Account
- $25k Account
- $50k Account
- $100k Account
- $200k Account
You can buy and manage multiple challenges. You’re also able to grow your account with the scaling plan up to 2$ 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 |
Profit Split Structure at AquaFunded
AquaFunded provides a fair profit share of 90:10.
Targeting Profits with AquaFunded
For the One-Step Challenge, you must achieve a 9% profit target. In the two-phase challenge, you’ll have to meet a 9% profit target in the first phase. For the second phase, you’ll need a 5% profit target. On top of all that, you must follow all rules and trading parameters.
Daily Loss and Drawdown Rules at AquaFunded
AquaFunded has set a maximum daily loss limit of 3%. Traders are not allowed to lose more than 6% of the highest amount ever held in their accounts, regardless of the account size.
Minimum and Maximum Days for Trading at AquaFunded
Unlike some other prop firms, AquaFunded offers unlimited time for traders to complete their evaluation process.
AquaFunded Challenges
AquaFunded has two types of challenges, One-Phase and Two-Phase Challenge. Both of the challenges have the same account sizes. To pass the AquaFunded challenges, you’ll need to demonstrate your trading skills. Make sure you’re disciplined and learn from your mistakes.
Pricing for Challenges
Here’s a table of the regular prices for each account challenge, alongside the current sale prices.
One Phase Challenge
| Account Amount | Old Price | New Price |
|---|---|---|
| $10k | $97 | $70 |
| $25k | $217 | $158 |
| $50k | $317 | $231 |
| $100k | $517 | $377 |
| $200k | $997 | $727 |
Two Phase Challenge
| Account Amount | Old Price | New Price |
|---|---|---|
| $10k | $77 | $56 |
| $25k | $197 | $143 |
| $50k | $297 | $216 |
| $100k | $497 | $362 |
| $200k | $977 | $713 |
Fees and Commission Structure
AquaFunded changes a commission fee per lot which depends 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 Conditions at AquaFunded
You can only get a refund on the paid evaluation after your first payout. If you fail it, you won’t get the refundable fee.
Free Trials at AquaFunded
There is a “try before you buy” option that acts as a free trial at AquaFunded. You can try a challenge before you decide to buy it.
How Often Does AquaFunded Prop Firm Pay Traders?
AquaFunded pays their traders every 2 weeks. The first payout is available 14 days after your first trade on your funded account.
The Good and Bad of AquaFunded
- Low Spreads
- Fair Profit Share
- Good Customer Support
- Scaling Plan
- No Hidden Rules
- New Prop Firm
- Evaluation process challenging for beginners
- Trailing drawdown on 1-step evaluation
AquaFunded FAQ
In order to become funded by AquaFunded, you need to complete the evaluation process.
In order to become funded by AquaFunded, you need to complete the evaluation process.
You can trade multiple accounts at the same time. The maximum merge limit is $400k
No. You have unlimited time to complete the challenge.
Payouts are available 14 days after the first trade, and then every 14 days during trading.
Yes, AquaFunded offers a scaling plan that enables you to grow your account up to $2,000,000.
Yes. Your account is considered inactive if you go without placing a trade for 30 days.
No, all the accounts are demo accounts with virtual funds.
Yes, the countries that can’t use AquaFunded are Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.
The evaluation starts right after you place your first trade.
No, AquaFunded covers all your losses during the evaluation.
Yes. You’re able to leave profits in your account.
The fee is refundable after the first payout. It’s not refundable if you fail your evaluation process.
The maximum capital your funded accounts can hold is up to $400k. It’s expandable to $2 million with the scaling plan.
If you violate any rules, your account and trading agreement will be terminated.
The profit split is 90:10. You get to keep 90% of the profit, and AquaFunded takes the remaining 10%.
Sign up as an affiliate through your dashboard. Payouts are available every 14 days after the first sale. Withdrawals are available once commissions exceed $30.
