AquaFunded Review 🚩🚩

In the prop trading scene, legit firms very rarely offer 90% payouts. When prop firms offer 90% profit sharing, it always seems exaggerated and in the case of AquaFunded, we decided to review it closely and assess all its critical features. The firm discloses that all funded accounts are demo and traders are not given live trading accounts even after funding.

AquaFunded offers diverse funded account types with 1-step and 2-step evaluations, ranging from 5k to 200k, and the smallest fee starts from 39 dollars at a discount. In this AquaFunded review, we will assess the firm’s critical features including safety, funded options, assets, platforms, support, and more.

🏛️Safety & Security of AquaFunded

When it comes to the safety of prop firms, there are several factors to consider. The first is the experience of the firm in the prop trading industry. Then we look at the trader feedback and trader reviews on popular online platforms such as FPA and Trustpilot. Finally, we check if the firm offers trading through the regulated broker to ensure they can not manipulate prices.

AquaFunded was launched in 2023 and the firm claimed the account in the same year on Trustpilot. The firm is based in Dubai, United Arab Emirates, and accepts clients across the globe. The firm lacks crucial experience in the industry as it was recently established, so we continue our assessment by checking trader reviews and partner brokers. The firm has no reviews on the FPA, which is typically a red flag. However, it has over 500 reviews on Trustpilot, 11% of which are 1-star assessments. This is a significant percentage for 1-stars, indicating that the firm has some serious deficiencies in its services equalities.

No broker backs the trading services of AquaFunded indicating that the firm acts as a broker itself and offers only demo trading on virtual accounts.

Overall, AquaFunded completely lacks any safety features and can not be considered a reliable proprietary trading firm.

📊 Available Assets on AquaFunded

Asset diversity is a crucial part of evaluating a prop firm. In the case of AquaFunded, the firm lacks diverse asset classes as it only provides access to Forex, indices, metals, and cryptos. Metals are commodities and the firm only offers one type of commodities, which is disadvantageous for multi-asset professional traders. The firm claims spreads from 0.0 pips, which we were not able to test. The leverage is capped at 1:100 which is more than enough when trading on a funded account.

🗂️ AquaFunded Account Types

Funded account diversity is very important for any prop firm to attract traders with different trading styles. AquaFunded offers traders four different types of funded accounts, such as 1-step, 2-step, 2-step pro, and 3-step. Each of these accounts has different conditions and rules.

📌 AquaFunded 1-step accounts allow traders to access diverse funding options, including 5k, 10k, 25k, 50k, 100k, and 200k amounts. Traders need to hit the 9% profit target to get funded without breaching risk rules. There is no specific profit target once the trader becomes funded. The daily risk limit is 3% which is strict, and the maximum drawdown is 6%. These risk limit rules are exactly the same for the funded phase. Leverage is capped at 1:100. Withdrawals are be-weekly and profit-sharing is up to 90%.

📌 AquaFunded 2-step funded account offer funded options including 5k, 10k, 25k, 50k, 100k, and 200k USD amounts just like the 1-step challenges. However, the rules are more forgiving, with a profit target of 8% for both phase one and phase two. The daily risk limit for all phases is 5% and maximum drawdown limits are set at 8%. The leverage is also 1:100, withdrawals can be made twice per week, and the profit sharing is capped at 90%.

📌 AquaFunded 2-step funded accounts have a higher minimum funding of 10k USD. The exact list of funded options includes 10k, 25k, 50k, 100k, and 200k USD amounts. This account has a 10% profit target for phase one, which is reduced to 5% for phase 2, and there is no target when the trader becomes funded. The daily risk limit is 5% for all phases including the funded phase, and the maximum drawdown is limited to 10% also for all steps of the challenge. The leverage is limited at 1:50, payouts are be-weekly, and the profit split is capped at 90%.

📌 AquaFunded 3-step account has 3 stages for traders to become funded, and the lowest funding option starts from 10k USD. Exact funded options include 10k, 25k, 50k, 100k, and 200k USD amounts. The profit target for the three stages is 6% and there is no specific target for the last, funded stage. The daily risk limit is 4% for all phases of the evaluation, and the maximum trailing drawdown is also the same for all phases at 10%. The leverage is capped at 1:100, payouts are twice per week, and the profit-sharing percentage is capped at 90%.

Overall, AquaFunded offers diverse funded accounts, which is always beneficial. If the firm was not lacking in safety so much, we would recommend it to our readers.

💸 AquaFunded trading fees

Fees play an important role for prop traders. Low fees allow traders to access funded challenges cheaply and try several times until they get funded.

📌 AquaFunded 1-step account fees are one-time fees:

• Funded amount: 5,000 USD – one-time fee: 39 USD
• 10,000 USD – 67 USD
• 25,000 USD – 137 USD
• 50,000 USD – 207 USD
• 100,000 USD – 347 USD
• 200,000 USD – 697 USD

These fees are discounted and that’s why they are so low for 1-step accounts. With fees these low on 1-step accounts that offer a fast funding process, the firm would be very attractive if not insufficient safety features.

📌 AquaFunded 2-step funded account

• Funded amount: 5,000 USD – one-time fee: 39 USD
• 10,000 USD – 67 USD
• 25,000 USD – 137 USD
• 50,000 USD – 207 USD
• 100,000 USD – 347 USD
• 200,000 USD – 697 USD

A 2-step account has similar fees as are 1-step account because of ongoing discounts on 1-step fees, making the 1-step account more appealing than 2-step offerings.

📌 AquaFunded 2-step funded accounts

• Funded amount: 10,000 USD – one-time fee: 98 USD
• 25,000 USD – 196 USD
• 50,000 USD – 280 USD
• 100,000 USD – 434 USD
• 200,000 USD – 840 USD

📌 AquaFunded 3-step account

• Funded amount: 10,000 USD – one-time fee: 46 USD
• 25,000 USD – 102 USD
• 50,000 USD – 158 USD
• 100,000 USD – 256 USD
• 200,000 USD – 466 USD

Overall, when it comes to fees, AquaFunded offers very competitive services. However, the fact that the firm lacks safety features makes these offerings not enough. There is no free trial offered by AquaFuned and traders have to purchase an account to check the firm’s actual trading conditions.

📱 Platforms and Mobile Trading at AquaFunded

AquaFunded provides access to advanced and popular platforms, including cTrader, DXtrade, and TradeLocker. These platforms allow traders to analyze markets with advanced technical tools like custom indicators and automated trading software. However, only cTrader offers trading robots from the three platforms. DXTrade and TradeLocker also offer advanced features and a multitude of built-in indicators but when compared to cTrader, they are still inferior and in the development stage.

Mobile trading is available and all these platforms are available as mobile apps. These AquaFunded apps allow traders to trade on the go and can be downloaded from the firm’s website. All platforms are supported including mobile and desktop.

📚 Education and research tools offered by AquaFunded

When it comes to education, AquaFunded offers little to no resources for learning. There is a trading blog that consists of posts about trading insights and the firm’s services but lacks any educational value. Some posts can be used to learn something, but they are not anywhere near learning about important trading concepts.

🤝 Customer Support of AquaFunded

Customer support is critical in prop trading as traders often need help to quickly resolve issues that may arise during the trading process. Having responsive and well-trained support is super important.

AquaFunded offers only two channels of customer support including email and live chat. The firm lacks hotline support and does not disclose its phone number which is a red flag. The website and support are only available in the English language, which is underwhelming.

Frequently Asked Questions