AquaFunded

AquaFunded Review: A Complete Look at Funding, Rules, and Payouts

If you’ve explored enough prop firms, you’ve probably noticed that not every evaluation model suits every trading style. Some traders prefer structured, milestone-driven programs, while others want fewer time pressures and clearer payout cycles.

AquaFunded positions itself as a firm built around optionality. Founded in 2023 and operating out of Dubai, it presents multiple funding routes aimed at accommodating both fast-moving and steady trading approaches.

The goal of this review is to examine how that flexibility translates into real trading conditions and what traders should realistically expect when working with AquaFunded.

At a Glance

• Founded: 2023 by Lewis Morton
  
• Headquarters: Dubai, UAE
  
• Max Allocation: $400,000 initial funding (scales up to $4M)
  
• Profit Split: Up to 100% (program-dependent)
  
• Payout Schedule: Bi-weekly (14 days) or on-demand for Instant Funding
  

Programs and Rules

AquaFunded offers four main evaluation models plus the exclusive AquaMan Challenge. Below is a breakdown of each program and its full trading parameters.

One Step Challenge

Standard (Evaluation)

• Profit Target: 9%
  
• Daily Drawdown: 3%
  
• Max Loss: 6%
  
• Leverage: 1:100
  
• Minimum Trading Days: Not specified
  
• Weekend Holding: Allowed
  
• News Trading: Not restricted
  
• Scalping: Disabled
  
• Profit Split: N/A (evaluation stage)
  

Standard (Funded)

• Profit Target: None
  
• Daily Drawdown: 3%
  
• Max Loss: 6%
  
• Leverage: 1:100
  
• Rewards: Bi-weekly
  
• Profit Split: 100%
  

One Step Pro

Evaluation

• Profit Target: 6%
  
• Daily Drawdown: 3%
  
• Max Loss: 6%
  
• Leverage: 1:100
  
• Scalping: Disabled
  

Funded

• Profit Target: None
  
• Daily Drawdown: 3%
  
• Max Loss: 6%
  
• Leverage: 1:100
  
• Profit Split: 100%
  
• Payout Frequency: Bi-weekly
  

Two Step Challenge

Standard

• Profit Target: 8% (Phase 1) / 5% (Phase 2)
  
• Daily Drawdown: 5%
  
• Max Loss: 8%
  
• Leverage: 1:100
  
• Scalping: Disabled
  

Funded

• Daily Drawdown: 5%
  
• Max Loss: 8%
  
• Leverage: 1:100
  
• Profit Split: 100%
  
• Payout Frequency: Bi-weekly
  

Two Step Pro

Evaluation

• Profit Target: 10% (Phase 1) / 5% (Phase 2)
  
• Daily Drawdown: 5%
  
• Max Loss: 10%
  
• Leverage: 1:100
  

Funded

• Profit Target: None
  
• Daily Drawdown: 5%
  
• Max Loss: 10%
  
• Payout Frequency: Bi-weekly
  
• Profit Split: 100%
  

Three Step Challenge

Evaluation

• Profit Targets: 6% / 6% / 6%
  
• Daily Drawdown: 4%
  
• Max Loss: 8%
  
• Leverage: 1:100
  

Funded

• Daily Drawdown: 4%
  
• Max Loss: 8%
  
• Profit Split: 100%
  
• Payout Frequency: Bi-weekly
  

Instant Funding

Standard

• Daily Drawdown: None
  
• Max Loss: 3%
  
• Leverage: 1:50
  
• Profit Split: Up to 100%
  
• Payouts: On demand
  
• Minimum Payout: $100
  

Pro

• Daily Drawdown: 3%
  
• Max Loss: 6%
  
• Leverage: 1:50
  
• Profit Split: Up to 100%
  
• Payouts: On demand
  

AquaMan Challenge (Limited-Release Model)

AquaMan is AquaFunded’s exclusive short-target challenge, available only two random weekends per month.

Evaluation Rules

• Profit Target: 2%
  
• Daily Drawdown: 3% (trailing)
  
• Max Total Drawdown: 5% (trailing)
  
• Consistency Rule: No single day may represent 15%+ of total period profits
  
• News Restrictions: Standard restrictions apply
  
• Review Requirement: Full trade history review after meeting targets
  
• Passing Requirement: Achieve 2% without violating any rule
  

Leverage

Evaluation:

• Forex 1:100
  
• Indices 1:20
  
• Commodities 1:20
  
• Crypto 1:2
  

Funded:

• Forex 1:50
  
• Indices 1:10
  
• Commodities 1:10
  
• Crypto 1:2
  

Payouts

• Frequency: Bi-weekly
  
• Profit Split: 90%
  
• Minimum Payout: $100
  

Markets, Platforms, and Conditions

• Platforms: cTrader, Match Trader, MT5, and TradeLocker.
  
• Markets Supported:
  
  • Forex
    
  • Metals
    
  • Indices
    
  • Crypto
    
  • Energy
    
  • Other commodities
    
  • CFDs
    

Overnight Holding: Allowed
Weekend Holding: Allowed
Spreads & Commissions: Not disclosed by the firm
Other Conditions:

• News trading prohibited within 5 minutes of high-impact events
  
• Copy trading allowed for personal accounts only
  
• WaveStop risk protection can reduce payout splits upon breach
  
• Maximum loss per trade applies to certain programs
  
• 30-day inactivity results in permanent deactivation
  

Scaling and Payouts

AquaFunded Scaling Plan

AquaFunded’s scaling plan allows traders to grow their accounts up to $4,000,000. Traders must:

• Achieve 12% profit within a 3-month period
  
• Scaling increases the account balance by 25% of the initial balance
  

AquaFunded Payout Policy

• Frequency: Every 14 days (bi-weekly)
  
• Instant Funding: Payout-on-demand
  
• Minimum Payout: $100
  
• Withdrawals: Via Crypto or RiseWorks
  
• Consistency Rules:
  
  • Instant Funding Standard: 20%
    
  • Instant Funding Pro: 15%
    
  • 1-Step Pro: 25%
    
  • AquaMan: 15%
    
  • 2-Step Pro: 25%
    

For accounts of $200K+, the first two payouts are capped at $10,000.

Strengths and Trade-offs

What Stands Out

• Up to 100% profit split
• Limited-time AquaMan Challenge with a low 2% target
• Large scaling path up to $4M
• No time limits on evaluations
• On-demand payouts for Instant Funding
• Charitable mission supporting ocean cleanup
  

What to Watch

• Some consistency rules apply depending on the program
  
• Certain rules (WaveStop, max loss per trade) can reduce payouts
  
• No scalping allowed across all programs
  
• Limited transparency on spreads and execution conditions
  
• Instant Funding uses lower leverage (1:50)
  

Who Is AquaFunded For?

AquaFunded suits traders who want flexibility, bi-weekly payouts, and the possibility of keeping up to 100% of profits. Traders who prefer lower evaluation targets may gravitate toward the AquaMan Challenge, while those looking to scale gradually will appreciate the straightforward 3-month performance-based scaling. Its rules and restrictions make it best for disciplined swing and intraday traders who avoid high-frequency scalping and prefer a moderate, rule-based trading environment.

Our Verdict on AquaFunded

AquaFunded delivers a competitive and flexible model for traders seeking multi-step evaluations, Instant Funding, or a fast-pass challenge like AquaMan. With generous profit splits, bi-weekly payouts, and a path to scale up to $4 million, the firm offers strong incentives for consistent performers. While some rules—particularly consistency requirements and risk-control mechanisms—may limit hyper-aggressive strategies, traders who value structure and clear parameters will find AquaFunded a solid and well-rounded prop firm. Overall, AquaFunded stands out as a viable option for traders evaluating trustworthy options in the prop industry.

FAQs – AquaFunded Review

Before signing up, here are some clear answers to common questions traders ask about AquaFunded.

Is there a minimum payout requirement?

Yes, most programs require a minimum of $100 per withdrawal.

Does AquaFunded allow news trading?

Yes, but trading within 5 minutes before or after high-impact events is prohibited in funded accounts.

Is AquaMan always available?

No. AquaMan is released on two random weekends per month only.

Are there time limits on evaluations?

No, AquaFunded’s evaluation challenges do not impose time limits.

What profit split does AquaFunded offer?

Depending on the program, traders can receive up to 100% profit split, while AquaMan provides 90%.