Aquafunded Prop Firm Review

Aquafunded Prop Firm Review – Aquafunded Prop Firm is a full-service prop trading platform that supports and funds the trader with everything he needs to succeed in the financial markets. In this review, learn about Aquafunded’s evaluation process, funding programs, supported trading platforms, and structure of fees. Understand how Aquafunded differs from other prop trading companies through trader-friendly policies, competitive profit splits, and high-quality educational resources. Learn how Aquafunded can help you leverage the firm’s capital to achieve better trading performance for experienced and novice traders alike.

Pros of Aquafunded Prop Firm

• A large variety of trading instruments like; Cryptocurrencies, Indices, Forex pairs, Commodities.
• Leverage up to 1:100
• Unlimited trading days
• Scaling plan
• Fair profit share of 90%
• Ability to withdraw with $0 fees
• Fast and digital account opening/verification
• Offers access to currency pairs, commodities, indices, and CFDs (Contracts for Difference) on crypto
• Lower profit target of 5% (and 3% target for 1-phase plan users)
• No pressure trading. Traders can take as long as they want to hit trading goals
• Offers professional customer service
• High profit split ratio is offered. Traders get to keep 90% of their profits, and 10% remains with the company.
• Traders have the option to choose between 2-phase and 1-phase funding plans.
• 5 account funding options are available from 10k USD to 200,000k USD.
• Up to 100:1 leverage is available with AquaFunded, which is higher than what most competitors are offering

Cons of Aquafunded Prop Firm

• Relatively new prop firm
• Trailing drawdown on one-phase evaluation
• The evaluation process may be challenging for beginners
• Traders from Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Kenya, or Maynmar cannot participate in AquaFunded’s challenges.

Trading Platforms of Aquafunded Prop Firm

MetaTrader 4 (MT4), and cTrader trading

Payments Options

AquaFunded offers two payment options: Credit/Debit card, and cryptocurrency. You can withdraw your funds via Bank Transfer and Rise.

Evaluation Process of Aquafunded Prop Firm

The Aquafunded Prop Firm evaluates traders to test their skills and risk management principles before granting access to firm capital. Here’s a breakdown of the common steps involved in this:

Initial Application

Application forms are filled by the traders stating experiences, strategies followed, and financial goals of trading. Once approved, the trader is provided with a demo account or evaluation platform where they can demonstrate their trading capability.

Aquafunded Challenge

Aquafunded as two types of challenge, One-Phase and Two-Phase Challenge. Both of the challenges have the same account sizes. To pass the aquafunded challenges you will need to demonstrate your trading skills. Make sure you are disciplined and learn from your mistakes.

Evaluation Stages

• Step 1: Preliminary Evaluation: Assess basic trading skills and understanding of risk management. Traders should achieve a certain amount of profit without exceeding the maximum drawdown limits. This phase typically involves a fixed period, usually between 14 to 30 days, during which you must fulfill the requirements mentioned above.
• Step 2: Second-Phase Evaluation-if needed: Traders profitability may be required over a more extended period; they must also have the ability to sustain more complicated market conditions. Additional requirements may form the basis for selection, including trading volumes or performance over variable market conditions.

Risk Management Rules

 Traders must be within prescribed drawdown limits, such as daily and overall account drawdowns. If these limits are exceeded, selection will not take place. Further recognition of daily and overall maximum loss limits. Traders shall be in control of the risk so that these limits are not attained.

Performance Measures

Traders shall fulfill certain profit targets within the assessment period. These targets reflect the efficacy and profitability of the trading process. Evaluation typically does not focus only on meeting profit targets but also on the consistency of performance and following trading rules.

Evaluation Fees

The trader has to pay for participating in an evaluation. It is generally based on the account size selected coupled with the type of evaluation program.

Feedback and Results

For traders who complete the evaluation period, the feedback provided will indicate their performance and whether they have passed or failed. Successful traders receive a funded account from Aquafunded Prop Firm, which provides them with capital to trade live markets.

Account Setup for Funded Traders

Once the trader has cleared the evaluation, there is the final setup consisting of agreement signature and setting up their live account. A trader gets access to the firm’s capital in which they can trade with amounts that are significantly larger than what they may own.

Frequently Asked Questions (FAQs)

What is Aquafunded?

• AquaFunded, or AQUA FUNDED FZCO, is a prop trading company in Dubai, United Arab Emirates. The company was incorporated on October 9, 2023, by its CEO Jason Blax. AquaFunded gives traders the option to choose between taking either a one or two-step evaluation process. Its broker is ThinkMarkets. The head office address of AquaFunded is 001–35882, IFZA Business Park, DDP, Dubai, UAE.

Is the Evaluation fee refundable?

• Yes it is completely refundable when you receive your first payouts.If you fail your first evaluation and before reaching your first payouts it is not refundable. 

Do I have to pay for my loss?

• No, they are responsible for the funding and liable for the losses in your accounts. You would not be charged as a result of losing capital.

What Makes AquaFunded Unique? 

•  AquaFunded, a proprietary trading company, offers two ways to evaluate an account: , one phase evaluation and two phase evaluation. The assessments include many factors that give dealerships a competitive edge, which are as follows : Since, traders do not have to meet any minimum trading days requirement, they can trade as much as they desire. After 14 calendar days traders can cash out their money back with a first profit split that divides 90/10 in favor of the trader. Refusal of payment may occur if the Two-Phase Evaluation—a complex, two-step process—is not successfully completed. The overall target is further broken down in that traders must attain a profit of 8% in the first phase and 4% in the second. While trading, it is mandatory for traders to stick to the following guidelines: Maximum loss on combined phases and for each day should not exceed 8 % and 5% individually. There are no constraints as to minimum or maximum trading days at any part of the review.

How do payouts work? 

• The trader gets his first payout 14 days after his first trade on the funded account and again after the first trade after withdrawal. 
• In order for you to receive payout on funded accounts, certain conditions such as, your account balance has to be higher than initial account balance and zero violation. To qualify for a payout, all of the trader’s positions must be closed (no open trades and no pending orders). 
• The payouts are made within 1-2 business days. It’s important to note that all Funded Traders request payouts through their dashboard. Riseworks processes withdrawals, allowing you to withdraw funds to both bank and crypto accounts.
• Minimum amount that can be withdrawn from the funded account is $100. This affiliate portal expects its affiliates to make a minimum withdrawal of $100.