AquaFunded Forex prop firm review — A young prop firm with competitive specs

AquaFunded prop firm offers traders funded accounts ranging from 5k to 200k and provides up to 90% profit split which is high. The firm has been around since 2023 making it a relatively young prop trading company. The firm allows traders to access two of the most popular prop trading platforms which were designed for prop trading.

In our AquaFunded review, we are going to assess the firm’s critical features such as safety, fees, funded options, rules, platforms, assets, support, and much more.

Overall

AquaFunded prop trading offers accessible funding challenges on diverse funded accounts including 1-step, 2-step, and 3-step accounts. The funding options range from 5k to 200k, and traders can use a scaling plan to increase funding to up to 2 million dollars. The profit split is 90%, offered assets are diverse (FX, commodities, indices, cryptos), and trading platforms are MatchTrader & Tradelocker. Fees start from just 45 bucks.

Pros & cons of AquaFunded prop firm

Pros

• ✅ Offers competitive fees on its funded challenges from 45 dollars
• ✅ Provides up to 90% profit split
• ✅ The firm’s platforms, MatchTrader and Tradelocker, are designed for prop trading

Cons

• 🚫 Only offers demo accounts with no regulated brokers
• 🚫 Educational resources are lacking
• 🚫 There is no support for automated trading or custom indicators on AquaFunded’s platforms
• 🚫 The website and support are only available in English
• 🚫 Lacks experience in the prop trading industry

Safety of AquaFunded

AquaFunded reviews are lacking on the FPA (Forex Peace Army) as the firm was established in 2023. On Trustpilot, AquaFunded has a 4.4 score out of 600+ reviews, with only 10% evaluating the firm’s services with 1 star, while 79% assessing the firm with a 5-star rating. The firm offers a simulated trading environment and all trading including on funded accounts is done in a demo account. There are no regulated brokers to back the firm, which is a serious concern. However, since many traders evaluate it to be excellent, we assume the firm is not a scam and offers mediocre safety measures. Overall, AquaFunded presents a mixed bag when it comes to safety, with a considerable number of traders evaluating it positively while lacking experience and regulated brokers.

AquaFunded Funding and maximum capital allocation

AquaFunded funded programs are diverse and include several accounts such as 1-Step, 2-Step, 2-Step Pro, and 3-Step challenges. 1-step and 2-step funded challenges offer diverse funding options including 5k, 10k, 25k, 50k, 100k, and 200k USD. The 2-step pro and 3-step accounts have slightly different options including 10k, 25k, 50k, 100k, and 200k USD.

AquaFunded funding challenges allow traders to access high default funding options, which is very flexible for experienced traders and beginners as well. Beginners want to start low and increase their funding gradually, which is possible through the AquaFunded scaling plan.

2-step AquaFunded challenges require traders to hit the profit target twice to get funded, while the 3-step account requires 3 phases of profit targets. The firm’s 1-step account only requires traders to hit the profit target once and get funded, which is the most attractive. Traders can scale their accounts to up to 2 million dollars.

AquaFunded Assets

AquaFunded prop trading allows traders to access diverse markets such as Trade Forex, Indices, Metals & Crypto. There are no stocks offered for trading, which is a minor downside. Forex traders will find all the major pairs to speculate on. There are also minor and exotic pairs offered. All these assets can be traded at low spreads on advanced trading platforms. The maximum leverage is capped at 1:100 which is more than enough to control considerable position sizes. The leverage is also 1:100 for the 2-step, and 3-step AquaFunded challenges, and is reduced for 2-step pro challenges to 1:50.

AquaFunded Trading rules and limitations

AquaFunded rules differ for each funded account challenge. There are no time limits such as minimum trading days.

• The 1-Step account has a 9% profit target, a 3% daily risk limit, and a 6% maximum loss limit. Payouts are be-weekly and maximum leverage is capped at 1:100.
• The AquaFunded 2-step challenge requires traders to maintain a 5% daily risk limit, an 8% maximum loss and hit an 8%-5% profit target on phases 1 and 2.
• The AquaFunded 2-step pro challenge requires a 5% daily loss limit, a 10% maximum drawdown, and 10%-5% profit targets.
• The AquaFunded 3-step challenge has a 6% profit target on all phases, a 4% daily risk limit, and an 8% maximum risk limit.

As we can see, AquaFunded offers similar rules for all of its funded challenges, except 1-step accounts, which require more strict risk control from the trader’s side.

AquaFunded Fees

The pricing by AquaFunded is very attractive, and we will compare each of the accounts to define the cheapest one.

The 1-Step AquaFunded challenge requires traders to pay the following one-time fees:

• Funded amount: 5,000 USD — one-time fee: 53 USD
• 10,000 USD — 90 USD
• 25,000 USD — 181 USD
• 50,000 USD — 261 USD
• 100,000 USD — 421 USD
• 200,000 USD — 813 USD

The AquaFunded 2-step challenge requires traders the following fees:

• Funded amount: 5,000 USD — one-time fee: 45 USD
• 10,000 USD — 82 USD
• 25,000 USD — 173 USD
• 50,000 USD — 253 USD
• 100,000 USD — 413 USD
• 200,000 USD — 797 USD

The AquaFunded 2-step pro challenge

• Funded amount: 10,000 USD — one-time fee: 125 USD
• 25,000 USD — 237 USD
• 50,000 USD — 333 USD
• 100,000 USD — 517 USD
• 200,000 USD — 981 USD

The AquaFunded 3-step challenge

• Funded amount: 10,000 USD — one-time fee: 61 USD
• 25,000 USD — 125 USD
• 50,000 USD — 189 USD
• 100,000 USD — 301 USD
• 200,000 USD — 541 USD

AquaFunded free trial is not available at the moment and AquaFunded free repeat is not possible either.

Overall, AquaFunded offers very competitive pricing on their funded challenges, especially on 1-step and 2-step accounts. The 2-step pro accounts are slightly expensive but still competitive.

AquaFunded Platforms

The firm allows traders to employ popular prop trading platforms, MatchTrader & Tradelocker. Despite being adopted for prop trading and incorporating numerous useful features, none of the platforms allow for automated trading and lack custom indicators as well. If a trader needs an indicator that is not popular and built into these platforms, they find it tricky to analyze markets properly and will have to use another platform for market analysis, which is a downside.

AquaFunded Profit-Sharing

AquaFunded profit split is 90% which is competitive in the prop trading scene.

AquaFunded allows traders to withdraw profits after 14 days have passed from opening a 1st trade on a funded account. The minimum withdrawal amount starts from 100 dollars. Payouts are processed within 1-2 business days, which is pretty average for Forex trading.

Education and trading tools at AquaFunded

AquaFunded falls short when it comes to educational materials. The firm does not offer webinars, courses, or video tutorials. However, the firm offers a comprehensive help section with FAQs, and all trading rules and conditions are explained in great detail. The firm does not offer any tools except from ones built into the trader dashboard, allowing traders to measure their performance. There is no trading blog either.

Customer Support at AquaFunded

AquaFunded customer support is provided via FAQs, email, and a live chat. The live chat is an advanced plugin built into the website of the firm and allows the usage of a help center. Traders can use email support by using an online form. Both the website and support of AquaFunded are only available in the English language, which is a minor drawback.

Frequently Asked Questions on AquaFunded