Hi and welcome to my AquaFunded Review.
AquaFunded, a prop firm, offers the opportunity to explore your financial future by trading with their funds on their platform.
Upon registering with their platform, the program pledges a 40% discount.
Additionally, participants stand a chance to win an exclusive opportunity for a larger account size with a balance of up to $200,000, available for a limited time.
The prop firm asserts that by engaging with their platform, they aim to support you in overcoming challenges and attaining success in your trading endeavors, ultimately leading to financial freedom.
However, it is essential not to hastily decide to join based solely on these claims without uncovering the genuine facts.
This review aims to unveil the actual truth behind the program, offering insights into whether AquaFunded is a legitimate opportunity based on thorough research or if it falls into the category of scams that should be avoided.
Taking that in mind, let us begin…
Related Review: BrightFunded
AquaFunded Review Summary
Product Type: Proprietary Firm
Evaluation Fee: Starting from $67 depending on the account size you choose.
Official Website: aquafunded.com
Co-Founders: Sean Bainton (Doubles up as the CEO of Blue Guardian), Jason Blax (Current CEO) & Franco Crean (CMO)
Overall Rating: 6/10
Do I recommend it? Not really, It is still a new prop firm that recently launched
AquaFunded Review – Overview
AquaFunded prop firm is a new trading platform that was launched on December 11, 2023.
The prop firm is one of the new firms targeting to help the increased number of traders get the opportunity to trade online.
Through its funding program, the prop firm promises to give traders the best trading environment they deserve.
Their main target is to ensure all the traders in their platform get funded and build an income out of their trade.
For this reason, the prop firm encourages its traders to put more effort into passing their easy-to-access challenges online.
For you to access their challenges, you must pay a one-time refundable fee.
The refundable fee is made available for you after passing your evaluation process and is ready for withdrawal when you make your first payout.
The prop firm has realistic profit targets with easy-to-pass challenges online making it more manageable.
On the other hand, the prop firm promises you a higher profit share of up to 90% of the total profits you make from your trading.
This makes it the best choice for traders who want to achieve more out of their trades in the forex market.
If you are highly skilled in trading, the prop firm allows you to enjoy its scaling plan that enables you to increase your account balance.
The prop firm allows you to trade with a maximum capital of up to $200,0000 in your account to earn more profits.
Pros Of AquaFunded
- Offers a profit share of up to 90%.
- There are unlimited trading days on the platform.
- The prop firm offers a 100% refund of the registration fee.
- Offers a scaling plan that helps you trade with a higher account balance of up to $200,0000.
- Offers unlimited trading time.
Cons Of AquaFunded
- Doesn’t offer any free retry.
- Lacks rating online.
- Lacks testimonies online.
- Difficult to rate and trust.
Who Should Join AquaFunded?
AquaFunded prop firm is targeting to partner with highly skilled traders who want to venture into forex trading to achieve their financial freedom.
The prop firm offers such traders the opportunity to trade with their capital in the forex market and earn real profits.
The prop firm is available in most countries of the world except Vietnam, Pakistan, Kenya, and North Korea.
In addition, the prop firm restricts users with ages less than 18 from accessing their trading services by the law.
Who Are The Founders Of AquaFunded?
Sean Bainton, CEO of Blue Guardian prop firm, is the first co-founder of AquaFunded.
The next co-founder team member, Jason Blax, boasts a track record of generating billions of views for direct-to-consumer (DTC) brands globally.
Jason serves as the current CEO of AquaFunded prop firm.
Another founding member, Franco Crean, is an E-commerce brand owner and growth accelerator, responsible for generating millions in revenue through advertising on platforms such as Facebook, TikTok, and Snapchat.
Franco is AquaFunded’s CRO.
What Is AquaFunded?
AquaFunded is a prop firm that offers traders the opportunity to trade in the forex market using their funding program.
The prop firm has two funding programs including one-phase and two-phase funding programs.
The difference in the two funding programs comes from their stages of evaluation.
For instance, the one-phase funding program only has a single-phase evolution while the two-phase program has two evaluation stages.
You will have to choose the funding program according to your level of trading on the platform.
If you have more trading experience with more skills, you may consider choosing a phase funding prop firm.
For beginners who are still looking for personal experience, you can consider joining the two-phase funding program.
This will enable you to have lower and more realistic profit targets that are easy to pass to get to a funded account.
After getting your trading account, the prop firm offers you unlimited trading days which will enable you to trade at your own freedom.
This provides you with the opportunity to spend more time while trading to increase your efficiency in your trades.
In addition, the prop firm offers you the best payout system that allows you to withdraw your funds every fourteen days of trade.
The funds take less than two days to get processed and moved to your account of your favorite bank.
This allows you to realize your trading potential online and build a passive income while trading in the forex market.
How Does AquaFunded Work?
AquaFunded works by providing you with the opportunity to trade and achieve your financial freedom using their capital.
The prop firm allows you to drive into your future of trade using their funding programs and use their challenges to build an income.
To start trading with the company capital, the program provides you with the most effective steps to follow in their platform.
What Are The Steps Of Joining AquaFunded?
Here are the steps you need to follow to join the AquaFunded prop firm:
Step One: Choose Your Challenge
In this stage, the prop firm requires you to choose your account size in the platform to enable you to start trading.
There are up to five account sizes available in the program which include the following;
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
After choosing your preferred account, you will get the opportunity to start your evaluation challenge.
Remember, each and every account size has its own set price which you must consider when making your choice.
Step Two: Trade
In this stage, the prop firm requires you to complete their trading evaluation with no time limit to get a funded account.
The prop firm has two funding programs which include the one-phase and two-phase programs.
This means that you’ll have to finish their evaluation based on the funding program you choose to trade within the platform.
For instance, if you choose to trade with a one-phase funding program, you’ll have only a single-stage evaluation.
After finishing your single phase, you’ll automatically move to a funded account where you’ll be trading with the company’s capital.
If you choose to trade with a two-phase evaluation, you’ll get a two-stage evaluation which consists of challenge, verification, and funded stages.
In the two-phase challenge, the prop firm also requires you to successfully pass the two evaluation challenges.
Step Three: Get Funded
This is the final stage of your trading journey which allows you to start trading with the company’s capital and earn income.
You will succeed in reaching this stage after successfully passing your evaluation challenges.
In the prop firm, the funded account allows you to trade in the forex market with a live account and earn real profits.
There are no profit targets set in the platform when you move to a funded account, this allows you to trade at your own targets.
You will also get the opportunity to withdraw your profits as per agreement in the platform to build a passive income.
In this stage, the prop firm promises to have you funded with a capital of up to $400,000 in the platform.
But for you to succeed in your trading journey, you must observe the trading rules set in the platform.
Let us see these trading rules set in the platform.
Also Read: Lark Funding Review
What Are The AquaFunded Trading Rules?
If you choose a single-phase challenge, you’ll have to reach a profit target of 10% for you to move to a funded account.
When you go by a two-phase funding program, you will have to reach a profit target of 8% in the first phase and 4% in the second phase.
Minimum Trading Days
AquaFunded prop firm does not have any minimum trading days set for traders in their platform.
Maximum Trading Days
There are no maximum trading days set in this prop firm allowing you to trade for your entire lifetime.
Maximum Daily loss
The AquaFunded prop firm sets a maximum daily loss of 5% in all the stages of trade in the platform.
This means that you are not permitted to lose more than $500 in a single day if you are trading on a $10,000 account size.
Maximum Total Loss
The maximum total loss is set at 8% in all the stages of your trade and calculated based on the original account balance.
For instance, if you are trading on a $10,000 account size you are not permitted to lose more than $800 in your entire trade in the platform.
The AquaFunded prop firm offers traders a profit share of up to 90% of the total profits they make from their trading.
For instance, if you have a $1,000 profit in your account at your withdrawal time, you will be eligible to withdraw up to $900.
The prop firm will only remain with 10% which corresponds to the remaining $100 in that example case.
The prop firm allows you to trade with a maximum leverage of:
- Forex pairs with a leverage of 1:100.
- Cryptocurrencies with a leverage of 1:2.
- Commodities with a leverage 1:20.
- Indices with leverage of 1:20.
What Are The Trading Instruments In AquaFunded?
The prop firm allows you to trade various instruments including the following:
- Forex pairs
Also, the prop firm allows you to trade these instruments on metatrader4 and metatrader5 platforms.
For this reason, you must first check if your device accepts the two platforms before using it to trade in the forex market.
Which Is The Trusted Broker In AquaFunded?
AquaFunded prop firm uses Purple Trading SC as their trusted broker in the market.
The prop firm claims to have the broker regulated and working under legal authorities in the forex market.
What are the benefits of joining the AquaFunded prop firm?
- Offers you a scaling plan
The prop form claims to be the best in helping you increase your trading account balance to a higher balance.
This is made possible via their scaling plan that increases your account size by 30% calculated based on your original balance.
This makes you maximize your trade and earn the best out of your trading in the forex market.
- Offers excellent profit share of up to 90%
AquaFunded prop firm offers you an excellent profit share of up to 90% of the total profits you make from your trades.
This makes you earn more from your trade to build a passive income online and achieve your financial freedom.
It also makes it a better choice for traders who want to earn more from your trade.
- Offers unlimited trading time
There are no minimum or maximum trading days set in the program for traders to pass a single stage.
This makes you trade more and put more effort into your trade to achieve your level best and earn more in the forex industry.
Due to the unlimited trading time, you will have more freedom in trading for your entire lifetime on the platform.
What Is The Cost Of Joining AquaFunded?
The cost of joining AquaFunded depends on the funding program and account size you choose.
The one-phase funding program consists of only one phase evaluation and account sizes with the following prizes:
- $10,000 account size that cost $100.
- $25,000 account size that cost $200.
- $50,000 account size that cost $300.
- $100,000 account size that cost $500.
- $200,000 account size that cost $950.
The second funding program consists of a two-phase evaluation with its account sizes priced as follows:
- $10,000 account size that cost $67.
- $25,000 account size that cost $187.
- $50,000 account size that cost $287.
- $100,000 account size that cost $467.
- $200,000 account size that cost $967.
After making your payment the program promises to have an efficient system that will quickly process your payment.
Upon confirmation of your payment, the prop firm promises to instantly send your account credentials to you via your email.
How Does AquaFunded Payout System Work?
The prop firm allows traders to request withdrawal 14 days after placing their first trade on a live-funded account.
After making your first withdrawal, you’ll be eligible to make subsequent payout requests after every fourteen days.
For you to be eligible for a withdrawal, your account balance must be higher than the initial account size.
This means that you must be profitable where you will only withdraw your profits leaving behind your initial account balance.
If you wish to grow your account size to a higher balance, you may consider minimizing your withdrawals from your account.
You can also consider withdrawing much less than the total profits and maintaining high consistency to qualify for a scaling plan.
On the other hand, there must be no open trades in your account, and there is no violation of any trading rule in the platform.
In addition, the prop firm promises to take between 1-2 days to finish processing your withdrawals.
When your request is successfully processed, you will remove it through the Riseworks.io platform.
Remember that you can only request for withdrawal on the AquaFunded platform dashboard for your request to be accepted.
Does AquaFunded Offer A Refund Policy?
AquaFunded offers a 100% refund of the total registration fee you pay to purchase your trading account.
However, the refund is only valid if you successfully pass their evaluation and move to a funded account.
Upon making your first payout, the prop firm allows you to withdraw all your registration fees together with your profits.
Is AquaFunded prop firm legit?
AquaFunded prop firm is a legitimate platform.
But I need to let you know that with its recent launch, it is hard to paint a true picture of what it entails.
As a result, the absence of testimonials hinders the ability to assess its credibility and operational efficiency.
Notably, there is a lack of ratings or reviews on online credibility and scam detector sites due to their newness in the market.
Online justifications validating the credibility of the AquaFunded prop firm are currently unavailable but will keep you posted when information starts trickling in.
Nevertheless, based on its trading rules and funding programs, the prop firm appears to be legitimate.
With realistic profit targets, it offers a straightforward path to transition to a funded account.
The prop firm distinguishes itself by providing an impressive profit share, positioning it among the top-paying prop firms in the forex market.
For those unwilling to risk joining a new prop firm, you might be interested to check out My Flash Funding Review.
My Assessment Of AquaFunded
Profit Splits: 9/10
The AquaFunded offers an excellent profit share of up to 90% of the total profits you make from your trading on the platform.
This makes it among the best-paying prop firms in the forex market for traders who are targeting to earn more out of their trades.
Scaling Opportunities: 8/10
AquaFunded prop firm has the best scaling plan that helps you increase your account size to a maximum balance of $400,000.
According to the scaling plan, you must maintain a profit target of 12% within three months without breaking the other trading rules.
After meeting the eligibility conditions, the prop firm increases your account size by 30% or its original size.
This makes you grow your account size and earn more from your trades in the forex market.
Profit Targets: 8/10
The prop firm has realistic profit targets of 8% and 4% respectively in its two-phase evaluation program.
The realistic profit targets make the program challenges easy to pass for all traders who join the platform.
It also makes the prop firm more manageable for most traders who still lack high trading skills and experience online.
The prop firm challengers are much more affordable with its lowest account size going for as little as $67.
The prices are also one-time fees and refundable upon making your first payout on the platform making it cheaper.
However, there are other cheaper prop firms online that offer lower prices in the forex market.
Trader Supports: 7/10
The prop firm promises to offer traders excellent customer support in your entire trade.
Tradable Assets: 8/10
The prop firm allows you to trade various assets in the platform including forex pairs, cryptocurrencies, indices, and commodities.
This allows you to trade your favorite assets in the platform to achieve the best out of your trade in the forex market.
The trustworthiness of a prop firm is gauged through its efficiency, often reflected in user testimonials.
Given that the prop firm has yet to get testimonials, accurately predicting its credibility and trustworthiness proves challenging.
My Overall Rating
Overall, I might assign a rating of 6/10 to the AquaFunded prop firm, considering its assertions and commitments to traders.
FAQs About AquaFunded
How Many Accounts Can I Trade On The AquaFunded?
The prop firm allows you to own multiple accounts in the platform, provided your total funding does not exceed $400,000.
For this reason, you must ensure the trading account balances do not accumulate to more than $400,000.
This allows you to maximize more on your trades and achieve better results in your trading on the platform.
Am I Responsible For My Trading Losses On The AquaFunded?
The prop firm does not let you pay for the losses you make in your trades.
The prop firm claims to be responsible for all the funding together with losses you make in your entire trading journey.
For this reason, you will not be charged for any loss you make on the platform for your entire trading journey.
What Happens If I Violate The Breaking Rule In The AquaFunded?
If a trading account violates any trading rule and other parameters in the platform, you’ll not be eligible to continue with your trading.
You will risk your trading account being closed and your trading agreement terminated on the platform.
Note that some violations may not automatically be detected by the system in the platform.
Does AquaFunded Prop Firm Offer Free Retry?
The prop firm offers traders unlimited time to complete all their trades effectively at their own speed and experience.
For these reasons, the prop firm does not offer any retry for traders who fail on the platform.
This means that you may risk losing your account on the platform denying you the opportunity to succeed in your trading journey.
Thank you for reading my AquaFunded Review.
I encourage you to leave a comment in the section below regarding this prop firm.
I promise you to get back to you soon.