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AquaFunded Review

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.

AquaFunded Review bestfxbrokers

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:

Tradable InstrumentLeverage
Forex1:100
Commodities1:20
Indices1:20
Crypto1:2

Cryptocurrencies

BCH/USDBTC/USDETH/USDLTC/USD

Commodities

XAG/USDXAU/USDXPD/USDXPT/USD
BRENTCLNGAS

Indices

ASXDAXDOWFTSE
STOXX50NSDQ SPNIKKEIHK50

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDAUD/SGDAUD/USD
AUD/ZARCAD/CHFCAD/JPYCHF/HUFCHF/JPYCHF/ZAR
EUR/AUDEUR/CADEUR/CHFEUR/CZKEUR/GBPEUR/HUF
EUR/JPYEUR/MXNEUR/NOKEUR/NZDEUR/PLNEUR/RUB
EUR/SEKEUR/SGDEUR/USDEUR/ZARGBP/AUDGBP/CAD
GBP/CHFGBP/JPYGBP/NZDGBP/SGDGBP/USDGBP/ZAR
NOK/SEKNZD/CADNZD/CHFNZD/JPYNZD/SEKNZD/SGD
NZD/USDSGD/JPYUSD/CADUSD/CHFUSD/CZKUSD/HKD
USD/HUFUSD/ILSUSD/JPYUSD/MXNUSD/NOKUSD/PLN
USD/RUBUSD/SEKUSD/SGDUSD/ZARZAR/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:

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
Steps1-step2-Step1-step2-Step1-step2-Step1-step2-Step
Price$58$46$162$147$237$387$747$732
Profit split90%90%90%90%90%90%90%90%
Leverage1:1001:1001:1001:1001:1001:1001:1001:100
Profit target9%8%-5%9%8%-5%9%8%-5%9%8%-5%
Max daily loss3%5%3%5%3%5%3%5%
Max total loss
6%8%6%8%6%8%6%8%
Minimum trading daysN/AN/AN/AN/AN/AN/AN/AN/A
Commission per lot$0$0$0$0$0$0$0$0
Refundable fees (Yes/No)YesYesYesYesYesYesYesYes
Free trial (Yes/No)
NoNoNoNoNoNoNoNo
Payout Frequency
Bi-weeklyBi-weeklyBi-weeklyBi-weeklyBi-weeklyBi-weeklyBi-weeklyBi-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 AmountOld PriceNew Price
$10k$97$70
$25k$217$158
$50k$317$231
$100k$517$377
$200k$997$727

Two Phase Challenge

Account AmountOld PriceNew 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 InstrumentCommission 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

Pros

  • Low Spreads
  • Fair Profit Share
  • Good Customer Support
  • Scaling Plan
  • No Hidden Rules

Cons

  • New Prop Firm
  • Evaluation process challenging for beginners
  • Trailing drawdown on 1-step evaluation

AquaFunded FAQ

How do I become funded by AquaFunded?

In order to become funded by AquaFunded, you need to complete the evaluation process.


How many accounts can I trade?

You can trade multiple accounts at the same time. The maximum merge limit is $400k


Can I have a free retry?

No. You have unlimited time to complete the challenge.


How do payouts work?

Payouts are available 14 days after the first trade, and then every 14 days during trading.


Do you have a scaling plan?

Yes, AquaFunded offers a scaling plan that enables you to grow your account up to $2,000,000.


Is there a breach for inactivity?

Yes. Your account is considered inactive if you go without placing a trade for 30 days.


Am I trading real money?

No, all the accounts are demo accounts with virtual funds.


Are there any countries we cannot trade from?

Yes, the countries that can’t use AquaFunded are Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.


When does the Evaluation start?

The evaluation starts right after you place your first trade.


Do I have to pay for my loss?

No, AquaFunded covers all your losses during the evaluation.


Can I leave profits in my account?

Yes. You’re able to leave profits in your account.


Is the Evaluation Fee refundable?

The fee is refundable after the first payout. It’s not refundable if you fail your evaluation process.


What is the maximum capital I am allowed?

The maximum capital your funded accounts can hold is up to $400k. It’s expandable to $2 million with the scaling plan.


What happens if I violate a rule or the trading parameters?

If you violate any rules, your account and trading agreement will be terminated.


What is the Profit Split?

The profit split is 90:10. You get to keep 90% of the profit, and AquaFunded takes the remaining 10%.


How to become an Affiliate?

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.


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