Aqua Funded Review

Aqua Funded is a Dubai-based proprietary trading firm offering trading challenges to identify and support skilled traders. It offers a 90% profit split, unlimited trading periods, 100% refundable challenge fees, and leverage up to 1:100 for most challenges, with bi-weekly payouts for successful traders.

Aqua Funded Review

Summary

Aqua Funded is a dynamic proprietary trading firm based in Dubai, United Arab Emirates, known for offering innovative opportunities and a transparent trading environment. The firm allows traders to choose between a one-step or two-step evaluation process, allowing them to tailor their trading experience to fit their individual goals and preferences. Aqua Funded stands out with its generous 90% profit split, unlimited trading periods, and a scaling plan that can grow accounts up to $2 million, making it an attractive choice for traders seeking substantial capital and growth potential.

Aqua Funded Prop Firm
Aqua Funded Prop Firm

Traders have the flexibility to choose from popular trading platforms such as MetaTrader 5, TradeLocker, and Match-Trader, which cater to different trading styles and preferences. The firm supports various trading strategies, including news trading, weekend trading, and automated trading, providing flexibility for traders to utilize their preferred methods. Additionally, the trading period for all challenges is unlimited, allowing traders to complete their challenges at their own pace, which is a significant advantage in the competitive trading environment.

Aqua Funded conditions are designed to encourage responsible risk management, with specific drawdown limits and profit targets that traders must meet. The firm also offers a 100% refundable fee policy, ensuring that traders can recover their initial investment upon successful completion of their challenges. Overall, Aqua Funded provides a supportive and flexible environment for traders looking to advance their trading careers. With its competitive profit split, diverse platform options, and opportunities for account growth, Aqua Funded is an appealing choice for traders aiming to leverage their skills in a professional setting.

Let’s dive deeper and examine the specific features and conditions that make Aqua Funded stand out in the crowded waters of prop trading firms.

Pros
  • Generous 90% profit split allows traders to retain most of their earnings.
  • Bi-weekly payouts ensure regular access to profits.
  • Multiple platform options, including MetaTrader 5 and TradeLocker.
  • Offers a scaling plan with the potential to grow accounts up to $2 million.
  • Supports a variety of trading strategies, including news trading and scalping.
  • Offers a 100% refundable fee upon successful completion of challenges.
Cons
  • Email-based support might not be as immediate as live chat or phone support.
  • Lack of a free trial.
  • Strict drawdown limits require careful risk management.

Aqua Funded Review

Programs

Aqua Funded offers four main types of trading challenges, each designed to cater to different trader preferences and experience levels:

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1 Step Challenge

The 1 Step Challenge is designed for experienced traders who want to fast-track their way to a funded account. This program requires traders to meet a 9% profit target while adhering to strict risk management rules. The maximum daily loss is 3%, with a maximum total loss of 6%. Traders have unlimited trading time to achieve their targets. The account leverage is capped at 1:100. Upon successful completion, traders become Aqua Traders and receive bi-weekly payouts with a 90% profit split. Account sizes and pricing for the 1 Step Challenge are as follows:

  • $5K account (Sea Horse): $57
  • $10K account (Fish): $97
  • $25K account (Ray): $197
  • $50K account (Dolphin): $297
  • $100K account (Shark): $497
  • $200K account (Whale): $997
Aqua Funded 1-Step Challenge
Aqua Funded 1-Step Challenge

2 Step Challenge

The 2 Step Challenge consists of two phases: the initial challenge and a verification step. In both phases, traders have unlimited trading time. The profit target for the first phase is 8%, while the second phase requires a 5% profit. The maximum daily loss is 5%, and the maximum total loss is 8% for both phases. The account leverage is maintained at 1:100 max. Successful traders become Aqua Traders with bi-weekly payouts and a 90% profit split. Pricing for the 2 Step Challenge remains the same as the 1 Step Challenge for all account sizes.

Aqua Funded 2-Step Challenge
Aqua Funded 2-Step Challenge

2 Step Pro Challenge

The 2 Step Pro Challenge is tailored for professional traders who prefer larger account sizes and more challenging targets. This program also consists of two phases with unlimited trading periods. The first phase has a 10% profit target, while the second phase requires 5%. Both phases have a 5% maximum daily loss and a 10% maximum total loss. The account leverage is reduced to 1:50 max. Successful traders receive bi-weekly payouts with a 90% profit split. Account sizes and pricing for the 2 Step Pro Challenge are:

  • $10K account: $140
  • $25K account: $280
  • $50K account: $400
  • $100K account: $620
  • $200K account: $1,200
Aqua Funded 2-Step Pro Challenge
Aqua Funded 2-Step Pro Challenge

3 Step Challenge

The 3 Step Challenge offers a more gradual approach with three phases: initial challenge, first verification, and second verification. All phases have unlimited trading periods and a 6% profit target. The maximum daily loss is 4%, and the maximum total loss is 8% across all phases. The account leverage is set at 1:100 max. Traders who successfully complete all three phases become Aqua Traders, receiving bi-weekly payouts with a 90% profit split. Account sizes and pricing for the 3 Step Challenge are:

  • $10K account: $67
  • $25K account: $147
  • $50K account: $227
  • $100K account: $367
  • $200K account: $667
Aqua Funded 3-Step Challenge
Aqua Funded 3-Step Challenge

Aqua Funded Review

Conditions

Aqua Funded has set up some straightforward conditions for traders to follow. These conditions are designed to ensure that traders maintain discipline and manage risk effectively while working towards becoming funded traders. Here’s a breakdown of the key conditions:

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Drawdowns

Aqua Funded offers a range of drawdown limits tailored to each of their challenge types, ensuring responsible risk management while allowing traders some flexibility. For the 1 Step Challenge, traders must adhere to a maximum daily loss of 3% and a maximum overall loss of 6%. The 2-Step Challenge is slightly more lenient, with a maximum daily loss of 5% and a maximum overall loss of 8% for both phases. The 2 Step Pro Challenge, designed for more experienced traders, maintains the same daily loss limit of 5% but allows for a higher maximum overall loss of 10% across both phases. For those opting for the 3-Step Challenge, the drawdown limits are set at a maximum daily loss of 4% and a maximum overall loss of 8% for all three phases.  These carefully structured drawdown limits are designed to protect the trader and the firm from excessive losses, encouraging disciplined trading practices while allowing for some flexibility in trading strategies. 

Trading Days

One of the benefits of Aqua Funded programs is the unlimited trading period. There are no restrictions on the number of trading days required to meet profit targets, allowing traders to trade at their own pace. This is particularly advantageous for those who prefer to wait for optimal market conditions or have other commitments that affect their trading schedule.

Payouts

Aqua Funded offers a generous profit split of 90%, which is quite competitive in the prop trading industry. Payouts are processed bi-weekly, allowing traders to receive their earnings regularly. This frequency ensures that traders have consistent access to their profits, which can be crucial for those relying on trading as a primary source of income.

Trading Strategies

Aqua Funded allows traders the freedom to use any trading strategy they prefer. Whether it’s news trading, scalping, or employing expert advisors, there are no restrictions on the strategies that can be used. This open approach enables traders to leverage their strengths and expertise without worrying about violating any rules.

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Scaling Plan

Aqua Funded offers an attractive scaling plan that allows successful traders to grow their account size over time. According to the official website, traders can scale their accounts up to a maximum of $2,000,000. The scaling process is straightforward: if a trader manages to achieve a 12% profit within a 3-month period, Aqua Funded will increase their account size by 25% of the initial balance. This scaling plan provides a significant incentive for traders to maintain consistent profitability and rewards them with larger capital to trade with. It’s a win-win situation that encourages traders to improve their skills while potentially increasing their earning potential.

Refund Policy

Aqua Funded has a 100% refundable fee policy. Once traders successfully complete the challenge and become Aqua Traders, the fee they paid to start the challenge is refunded. This policy underscores the firm’s commitment to supporting successful traders and reducing the financial risk associated with the initial challenge fee.

Aqua Funded Review

Features

Maximum capital$200,000
Profit splitUp to 90%
ScalingYes
News tradingYes
Weekend tradingYes
Automated tradingYes
Free trialNo
Maximum leverage1:100
Aqua Funded Features

Aqua Funded offers a range of features designed to support traders in their journey to becoming successful funded traders. Here’s a look at what they provide:

Platforms Offered

Aqua Funded offers a selection of trading platforms to accommodate various trading preferences and styles. Traders can choose from MetaTrader 5 (MT5), TradeLocker, and Match-Trader.

  • MetaTrader 5 (MT5): This platform is a favorite among experienced traders. It’s packed with advanced features like algorithmic trading capabilities, extensive charting tools, and a wide range of technical indicators. MT5 is perfect for traders who love diving deep into market analysis and want to create or use custom trading strategies.
MetaTrader 5 (MT5)
MetaTrader 5 (MT5)
  • TradeLocker: This platform is designed with user-friendliness in mind. It offers a straightforward interface that’s easy to navigate, making it a great choice for beginners or traders who prefer a no-frills approach to their trading. While it may not have all the bells and whistles of MT5, it provides all the essential tools for effective trading.
TradeLocker
TradeLocker
  • Match-Trader: Known for its modern design and speedy execution, Match-Trader is ideal for traders who prioritize quick trades and deep liquidity. It’s particularly suited for day traders and scalpers who need to make split-second decisions and execute trades rapidly.
Match-Trade
Match-Trade

These platforms collectively ensure that Aqua Funded can meet the diverse needs of its traders, providing flexibility and the tools necessary for effective trading.

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Customer Support

When it comes to customer support, Aqua Funded offers assistance primarily through email. While this might seem limited compared to live chat or phone support, the firm is dedicated to providing timely and helpful responses to any inquiries or issues traders may encounter. This email-based support system ensures that traders can get the help they need to resolve problems and continue trading smoothly.

Knowledge Base

Aqua Funded provides a comprehensive knowledge base that serves as a valuable resource for traders looking to improve their skills and knowledge. This includes educational materials, trading guides, and frequently asked questions (FAQs) that cover a wide range of topics. The knowledge base is designed to empower traders by providing them with the information they need to succeed in the trading.

Aqua Funded Review

Conclusion

In conclusion, Aqua Funded stands out as a prop trading firm with a solid set of features and conditions that cater to a wide range of traders. The firm offers flexible challenges with a generous 90% profit split and an appealing scaling plan that can take your account up to $2 million. Their platform choices, including MT5, TradeLocker, and Match-Trader, provide the necessary tools for various trading styles. However, traders should be mindful of the drawdown limits and ensure they meet the profit targets to avoid disqualification. The email-based support might not be as immediate as live chat, but it remains reliable.

7.3Expert Score
Aqua Funded Rating

Aqua Funded is a Dubai-based proprietary trading firm offering trading challenges to identify and support skilled traders. It offers a 90% profit split, unlimited trading periods, 100% refundable challenge fees, and leverage up to 1:100 for most challenges, with bi-weekly payouts for successful traders.

Programs
8
Conditions
8
Features
6

Aqua Funded Review

FAQ

What are the drawdown limits for Aqua Funded challenges?

Traders must adhere to a maximum daily loss of 5% and an overall maximum loss of 10% to stay within the challenge rules.

How long is the trading period for Aqua Funded challenges?

The trading period is unlimited, giving traders the flexibility to meet their targets at their own pace.

What is Aqua Funded profit split for traders?

Aqua Funded offers a 90% profit split, allowing traders to keep the majority of their earnings.

What platforms are available for trading with Aqua Funded?

Traders can choose from MetaTrader 5, TradeLocker, and Match-Trader, offering flexibility and a range of tools for different trading styles.

Does Aqua Funded offer a scaling plan for traders?

Yes, Aqua Funded has a scaling plan that allows traders to grow their accounts up to $2 million if they achieve a 12% profit within a 3-month period.
Aqua Funded Review
Aqua Funded Review
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