Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.
AquaFunded is a newly established prop firm with CEO Jason Blax. The company is registered in the United Arab Emirates. It has recently partnered with Think Markets as its broker. Account sizes range from $10,000 to $200,000. AquaFunded, like other prop firms, has evaluation processes to select traders. They cover all losses in the live trading account. If you want to find out more about this prop firm, keep reading.
![AquaFunded Prop Firm Review [Updated] (1)](https://i0.wp.com/www.brokersonline.com/wp-content/uploads/2024/04/pasted-image-0-2-2-1024x565.webp "AquaFunded Prop Firm Review [Updated] (1)")
Platforms for Trading at AquaFunded
AquaFunded currently offers the DXTrade platform, designed for brokers seeking quality tools for client retention, engagement, and risk management. Additionally, AquaFunded has announced its upcoming offering of TradeLocker as part of its trading platform suite.
What Instruments Does AquaFunded Offer?
Partnering with ThinkMarkets has expanded AquaFunded’s trading instrument options. They include:
- Forex Pairs
- Commodities
- Indices
- Cryptocurrencies
The leverage varies based on the specific trading instrument chosen.
| Tradable Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Indices | 1:20 |
| Commodities | 1:20 |
| Crypto | 1:2 |
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 |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Options for Payment at AquaFunded
You can use two payment options at AquaFunded: Credit/Debit card and cryptocurrency. You can withdraw your funds via Bank Transfer and Rise.
Different Account Sizes at AquaFunded
AquaFunded has five account sizes that include $10k, $25k, $50k, $100k, and $200k. You can manage multiple challenges, with funded accounts limited to a maximum of $400k. Additionally, through the scaling plan, you’re able to grow your account up to $2 million.
AquaFunded Approach to Profit Sharing
AquaFunded provides a profit share of 90:10, allowing you to retain 90% of the profit, while AquaFunded receives the remaining 10%.
Profit Goals at AquaFunded
The profit target for the first phase of the Two-Phase challenge is 9%, and for the second phase, it is 5%. You’ll get your funded account if you meet all the rules and trading parameters.
AquaFunded: Loss and Drawdown Limits
At AquaFunded, the maximum daily loss is capped at 3%, representing the maximum amount a trader can lose in a single day. Regardless of the account size, the maximum trailing loss is limited to 6%.
AquaFunded Minimum/Maximum Trading Day Requirements
AquaFunded offers unlimited time for you to finish your evaluation process. With this benefit, there is no need for a challenge reset.
Cost of Joining AquaFunded Challenge
Each of the challenges has different pricing. There’s currently a discount on challenges so the pricing is as shown:
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 |
Understanding Fees and Commissions at AquaFunded
You’re charged a commission fee per lot depending on the instrument type.
| Trading Instrument | Commission Fee |
|---|---|
| FOREX | $5 per lot |
| COMMODITIES | $5 per lot |
| INDICES | $0 per lot |
| CRYPTO | $0 per lot |
Are Fees at AquaFunded Refundable?
You can get a refund for the evaluation fee after your first payout. If you fail the evaluation, the fee is non-refundable.
Trial Periods Available at AquaFunded
AquaFunded offers a “Try before you buy” option as a way of the trial period. This way, you get to try the challenge before you decide to buy it.
Frequency of Payouts
You get your first payout at AquaFunded 14 days after your first trade on your funded account. After that, you can request withdrawals every two weeks.
Pros vs. Cons based on Trustpilot reviews
Pros
- Excellent customer support
- No hidden rules
- Low spreads
- Reliable prop firm
- Fair profit share
Cons
- Issues while migrating to a new platform
AquaFunded FAQ
How do I become funded by AquaFunded?
You need to pass the evaluation.
How many accounts can I trade?
You can trade multiple accounts simultaneously. The maximum merge limit is $400k.
Can I have a free retry?
No, retries are not offered as you have unlimited time to complete the evaluation.
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 account growth up to $2,000,000.
Is there a breach for inactivity?
Yes. Your account is marked as inactive if you go without placing a trade for 30 days.
Am I trading real money?
No, all AquaFunded accounts are demo accounts with virtual funds.
Are there any countries we cannot trade from?
Yes, the restricted countries include Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.
When does the Evaluation start?
The evaluation starts the moment you place your first trade.
Do I have to pay for my loss?
No, AquaFunded covers all losses during the evaluation.
Can I leave profits in my account?
Yes, you can.
Is the Evaluation Fee refundable?
The fee is refundable after the first payout. The fee isn’t refundable if you fail the evaluation.
What is the maximum capital I am allowed?
Funded accounts can hold up to $400k, expandable to $2,000,000 with the scaling plan.
What happens if I violate a rule or the trading parameters?
Any violation results in the termination of the account and trading agreement.
What is the Profit Split?
The profit split is 90:10.
How to become an Affiliate?
Register as an affiliate through your dashboard. Payouts are accessible every 14 days following the initial sale. Withdrawals can be made once commissions reach $30 or more.
![AquaFunded Prop Firm Review [Updated] (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)