AquaFunded Prop Firm Review [Key Takeaways] (2024)

AquaFunded, as a new prop firm established in December 2023 quickly became popular among traders. The company is registered in Dubai, and the CEO is Jason Blax. They recently partnered with ThinkMarkets as their new broker. There are five account sizes available: $10k, $25k, $50k, $100k, and $200k. AquaFunded gets to choose who will trade with them through an evaluation process.

AquaFunded Prop Firm Review [Key Takeaways] (1)

What Trading Platforms Does AquaFunded Offer?

Currently, AquaFunded offers only one trading platform, DXTrade. This platform has quality tools like risk management. They announced that they’ll be having TradeLocker as an option too.

Trading Instruments at AquaFunded

Since AquaFunded partnered with ThinkMarkets, they provide even more trading instruments than before. You can trade:

  • Forex Pairs
  • Commodities
  • Indices
  • Cryptocurrencies

The leverages depend on the tradable instrument.

Tradable InstrumentLeverage







Forex Pairs


Payment Methods at AquaFunded

You can withdraw your funds using Bank Transfer and Rise services at AquaFunded. All the transactions are made through Credit/Debit cards and Cryptocurrency.

Exploring Account Size Options at AquaFunded

There are two challenge options available at AquaFunded, One Step challenge, and Two Steps challenge. The available account amount for both is the same:

  • $10k Account
  • $25k Account
  • $50k Account
  • $100k Account
  • $200k Account

You’re able to purchase and trade with multiple challenges at the same time, and your limit is a maximum of $400k. You’re also able to grow your account to $2 million with the scaling plan.

Challenge Size$10,000$10,000$25,000$25,000$50,000$100,000$200,000$200,000
Profit split90%90%90%90%90%90%90%90%
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
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)
Payout Frequency

How AquaFunded Shares Profits

AquaFunded has a fair profit share that’s 90:10. This means you get to keep 90% of the profit, and the rest is theirs.

Setting the Bar: Profit Targets at AquaFunded

The profit target depends on the challenge you choose. The One Step challenge profit target is 9%. The Two Steps challenge contains two phases, so the profit target is different for each. The first phase requires a 9% profit, and the second phase requires 5%. Make sure you don’t violate any rules and trading parameters. You only get offered a funded account if you reach the target profit, and fulfill all the rules and trading parameters.

Drawdown Rules and Loss Limits at AquaFunded

The daily loss limit at AquaFunded is 3%. Another rule is that you can’t lose more than 6% of the money you’ve ever had in your account, regardless of the amount or account size.

Number of Trading Days Allowed

There is no limitation on trading days at AquaFunded.

Cost of Entry for AquaFunded Prop Firm’s Challenge

Each account amount and challenges have different pricing.

One Phase Challenge

Account AmountPrice

Two Phase Challenge

Account AmountPrice

Fees and Commissions: What to Expect at AquaFunded

The AquaFunded fees and commissions depend on the trading instrument type.

Trading InstrumentCommission Fee
FOREX$5 per lot
INDICES$0 per lot
CRYPTO$0 per lot

Information on Refunds at AquaFunded

Refunds at AquaFunded are only available after you complete the evaluation process, and reach the profit split agreement.

Free Trials

If you wish to try the challenge before you decide to buy it, choose the “try before you buy” option.

Payout Timeline at AquaFunded

You get your first payment in 14 days after your first trade. Then you can withdraw money every two weeks.

Weighing the Pros and Cons of AquaFunded (According to Trustpilot reviews)


  • Fast and helpful customer support
  • Clear and transparent rules
  • Tight spreads
  • Reputable prop firm with a good track record
  • A fair share of the profits you generate


  • Had problems moving to a new platform in the past

AquaFunded FAQ

How do I become funded by AquaFunded?

You become funded by passing the evaluation process.

How many accounts can I trade?

You can use more than one account at the same time. You can’t put more than $400k together from all accounts.

Can I have a free retry?

No. You have unlimited time to complete the evaluation so there is no need for retries.

How do payouts work?

Payouts are available 14 days after the first trade. After that, payouts are available bi-weekly during trading.

Do you have a scaling plan?

Yes. You can grow your account up to $2 million with the AquaFunded scaling plan.

Is there a breach for inactivity?

Yes. Your account is inactive if you don’t place a trade for 30 days.

Am I trading real money?

No, all AquaFunded accounts come with virtual funds.

Are there any countries we cannot trade from?

Yes, the restricted countries are Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.

When does the Evaluation start?

The evaluation starts when you place your first trade.

Do I have to pay for my loss?

No, AquaFunded covers all your losses during the evaluation process.

Can I leave profits in my account?


Is the Evaluation Fee refundable?

The fee is refundable only after the first payout. It’s not 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 [Key Takeaways] (2024)
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