Quick Facts
| Founded | 2023 |
| Max Funding | $2,000,000 |
| Profit Split | Up to 90% (100% with add-on) |
| Payout Frequency | Every 14 days (7-day add-on available) |
| Challenge From | $39 |
| Platforms | MT5, cTrader, TradeLocker, Match-Trader |
| Instruments | Forex, Indices, Commodities, Crypto |
| Our Score | 8.1/10 |
Verdict: Dubai-based with one of the most flexible challenge lineups — four account types, 90% default split (100% with add-on), and scaling to $2M. 118,000+ traders and strong payout reputation make it a solid mid-tier choice for all experience levels.
AquaFunded launched in 2023 from Dubai under Jason Blax, Franco Crean, and Sean Bainton. With 118,000+ traders and four distinct challenge paths, it has become one of the more flexible mid-tier options in the prop trading space.
Challenge Types
- The Wave (1-Phase): 8% target, 4% daily, 8% max. No time limit. First payout after 14 days.
- The Ripple (2-Phase): Phase 1: 8%, Phase 2: 5%. More total drawdown room.
- The Tide (3-Phase): Lowest per-phase targets, maximum total room.
- Instant Funding: No evaluation, immediate access. First payout after 7 days.
Sizes $2,500–$400,000 (scalable to $2M). Fees from $39. Weekend trading, EAs, and news trading permitted. ECN spreads from 0.0 pips.
Key Rules to Know
40% daily profit cap: Profits beyond 40% of your daily target don’t count until the next day — encourages consistency. First three payouts capped at 5% of account balance. Standard profit split is 90%; 100% available as an add-on.
Verdict
AquaFunded offers one of the strongest default profit splits (90% without add-ons) with genuine scaling to $2M. Four challenge types cover all trading styles. Understand the 5% early payout cap and 40% daily limit before trading — they affect active strategies more than swing traders.
Pros
- 90% profit split as default — 100% with add-on
- Scaling to $2,000,000
- Four challenge types — flexibility for all styles
- Weekend trading, EAs, and news trading permitted
- Loyalty points redeemable for free accounts
- $1,000 compensation guarantee for payout delays
Cons
- First three payouts capped at 5% of account balance
- 40% daily profit cap
- Limited payment methods (primarily Rise wallet)
- Instant Funding has tighter daily drawdown
This review is based on publicly available information, trader community feedback, and independent research. We do not accept payment to influence review scores. Challenge fees and rules change frequently — verify all details on the firm’s official website before purchasing.
