Overview of AqreFX Forex Prop Firm
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TheTrustedProp
Date: April 30, 2024
In the world of financial trading, AqreFX has emerged as a dynamic player, offering innovative and accessible prop trading solutions to both seasoned traders and newcomers. This article delves into the details of AqreFX, shedding light on the company's background, account types, instant funding programs, and other crucial aspects that make it a compelling choice for traders looking to explore new opportunities in the market.
Company Details
Name: AqreFX
Legal Name: Aqre Technologies
CEO: Ronice Harrison
Started in: March 10, 2023
Registered in: Mississauga, Ontario, Canada
AqreFX, under the leadership of CEO Ronice Harrison, began its journey on March 10, 2023, and is legally registered in Mississauga, Ontario, Canada. The company's focus on innovation and trader empowerment sets it apart in the world of prop trading.
Challenge Details
AqreFX offers two types of trading accounts: One Stage Account and Two Stage Account. These accounts cater to traders with different risk appetites and goals.
One Stage Account Details
- Profit Target: 8%
- Daily Drawdown: 5%
- Overall Drawdown: 10% - 16%
- Leverage: 1:50 / 1:100
- Minimum Trading Days: 0
- Profit Split: 80/20 - 95/5
- Trading Period (Days): Unlimited
Account Sizes: $10,000, $25,000, $50,000, $100,000, $250,000, $500,000, $1,000,000
Two Stage Account Details
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Daily Drawdown: 5%
- Overall Drawdown: 10% - 16%
- Leverage: 1:50 / 1:100
- Minimum Trading Days: 0
- Profit Split: 80/20 - 95/5
- Trading Period (Days): Unlimited
Account Sizes: $10,000, $25,000, $50,000, $100,000, $250,000, $500,000, $1,000,000
Instant Funding Details
One of the standout features of AqreFX is its Instant Funding program, which allows traders to start trading live funds from day one. The company's commitment to trader success is evident in this approach.
Why AQRE Instant?
- Instant Funding: With AQRE Instant, traders have control over when and how they trade, as well as when they get paid.
Account Features
- Up to 20% Drawdown: AQRE Instant offers flexibility, allowing traders to choose between a standard 10% drawdown and an aggressive 20% drawdown.
- Scaling: Traders can scale up by 1.5x, reaching up to $8,750,000. This scaling occurs at every 15% growth on standard accounts and every 30% growth on 20% drawdown accounts.
- 1:30 Leverage: AqreFX offers a balanced approach to leverage, ensuring a safe and productive trading experience.
- Profit Split: Profit splits on AQRE Instant accounts are competitive, starting at 50/50 and allowing for scaling to 95/5 with each payout.
Two Types of Instant Funding Programs
AqreFX provides two types of Instant Funding programs: Standard and Aggressive.
Standard Program Details
- Daily Drawdown: None
- Overall Drawdown: 10%
- Scaling: 1.5x every 15%
- Leverage: 1:30
- Profit Split: 50/50
- Free Retry: Yes
- Withdrawals: Daily
Account Sizes: $5,000, $10,000, $20,000
Aggressive Program Details
- Daily Drawdown: None
- Overall Drawdown: 20%
- Scaling: 1.5x every 30%
- Leverage: 1:30
- Profit Split: 50/50
- Free Retry: Yes
- Withdrawals: Daily
Account Sizes: $5,000, $10,000, $20,000
Other Key Details
AqreFX's commitment to simplicity and trader success is further exemplified through various features and benefits.
1 & 2 Stage Evaluation
AqreFX offers a streamlined evaluation process, allowing traders to access live accounts quickly and easily. This process involves both 1-stage and 2-stage evaluations.
Trading Bots
The company fully supports the use of trading bots on trader program accounts, provided they adhere to the company's conditions.
Up to 95% Profit Split
AqreFX recognizes traders' hard work by offering a profit split that starts at 80/20 and can be scaled up to an impressive 95/5 with each payout.
Crypto Trading
AqreFX's trading opportunities extend to cryptocurrencies, including high and low-cap coins, altcoins, and various crypto indexes.
Stocks & Indices
In addition to forex trading, AqreFX allows traders to access major stock exchanges like the Dow Jones, NASDAQ, JPN225, and UK100, as well as individual stocks.
Low Profit Target
AqreFX's evaluation process sets a low profit target of only 8%, making it easier for traders to qualify for live accounts. The overall drawdown allowance of up to 16% further simplifies the path to funding.
Frequently Asked Questions (FAQs)
- News Trading? (Before 2023/06/25)
AqreFX allows news trading on its one-stage evaluation accounts. - Is there a consistency rule in these accounts? (Before 2023/06/25)
While there is a consistency rule for the first 90 days of single-stage and two-stage funded accounts, it can be removed at the point of sale by paying a fee. After purchase, the point of sale decision cannot be changed. The rule aims to prevent large impulsive or emotionally driven trades. - Inactivity Period?
AqreFX maintains a maximum inactivity period of 30 days to ensure that accounts remain active. - Is Copy Trading Allowed?
AqreFX permits copy trading between its accounts and from AQRE Fx accounts. However, copy trading from external accounts outside AQRE Fx is no longer allowed. - Are HFTs allowed?
Effective June 12, 2023, AqreFX no longer allows HFTs in any capacity. However, there is a specific product called AQRE Limitless offering, launched on November 23, 2023, that allows the use of HFTs.
Scaling Rule
AqreFX provides traders with the opportunity to scale their trading activities by 1.5 times, up to a staggering $8,750,000. To be eligible for scaling, traders must withdraw all profits and request scaling after their payout is approved. This feature empowers traders to expand their portfolios as they continue to succeed in their trading endeavors.
Prop Trading Made Simple
AqreFX's innovative trading program simplifies the path to gaining access to a wide range of market opportunities without the complexities and risks typically associated with trading. The company's one-step qualification process, low profit targets, and generous drawdown allowances are designed to help traders achieve their financial goals with confidence.
Features & Benefits
1 & 2 Stage Evaluation
The 1 & 2 Stage Evaluation process at AqreFX allows traders to embark on their trading journey swiftly. Whether you opt for the 1-stage or 2-stage evaluation, the goal is to get you trading live as quickly as possible, putting you in control of your trading destiny.
Trading Bots
AqreFX acknowledges the power of technology in trading and fully supports the use of trading bots on your trader program account, as long as they adhere to the company's conditions. This flexibility enables traders to leverage automated strategies to enhance their trading performance.
Up to 95% Profit Split
AqreFX believes in rewarding hard work. The profit split on all accounts begins at a competitive 80/20, but traders have the option to scale it up to an impressive 95/5 with each payout. This means that as you achieve greater success, you'll reap the benefits with a larger share of the profits.
Crypto Trading
In an era dominated by cryptocurrencies, AqreFX ensures that traders can access a wide range of digital assets. This includes high and low-cap coins, altcoins, and numerous crypto indexes. The world of digital currencies is at your fingertips with AqreFX.
Stocks & Indices
For those looking to diversify their portfolios beyond forex, AqreFX opens the door to major stock exchanges such as the Dow Jones, NASDAQ, JPN225, UK100, and individual stocks. This broadens the scope of trading opportunities and allows you to explore various asset classes.
Low Profit Target
AqreFX's evaluation process stands out due to its low-profit target of just 8%. This makes it easier for traders to qualify for live accounts and start trading with real funds. Additionally, the generous overall drawdown allowance of up to 16% provides traders with the room they need to navigate market fluctuations.
AqreFX's commitment to transparency, trader empowerment, and simplified trading processes make it a standout choice for those looking to venture into the world of prop trading. With a range of account options and features designed to support traders, AqreFX is poised to continue making waves in the financial trading industry.