Aquafunded
Overview of AquaFunded
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TheTrustedProp
Date: August 28, 2024
AquaFunded, the prop trading firm that’s making waves in the trading world. AquaFunded, officially known as AQUA FUNDED FZCO, is a dynamic trading platform that provides opportunities for traders to shine in a competitive environment. Established in 2017 and headquartered in the UAE, AquaFunded, led by CEO Jason Blax, offers a structured evaluation process designed to test and enhance your trading skills.
Company Profile
Legal Name and Registration
AquaFunded FZCO, a prominent name in the trading sector, is registered under the number 35582 in the UAE. This registration solidifies its presence and credibility in the trading industry.
CEO and Contact Information
The firm is spearheaded by CEO Jason Blax, a seasoned professional in the trading arena. For any queries or support, traders can reach out to AquaFunded via email at [email protected]. Currently, there is no listed phone contact.
Payment and Withdrawal Methods
Available Payment Modes
AquaFunded offers a range of payment options to accommodate traders’ preferences. You can fund your account using cryptocurrencies or traditional credit/debit cards.
Withdrawal Methods and Processing
When it comes to withdrawing your earnings, AquaFunded supports crypto and Rise as withdrawal methods. Payouts are processed swiftly within 1-2 business days, ensuring that you have quick access to your funds.
Evaluation Programs Overview
AquaFunded provides several evaluation programs to cater to different trading styles and preferences. Let’s dive into the details of each challenge type.
One-Phase Challenge
In this challenge, traders are required to achieve a 9% profit target without a specific trading period. Adhering to risk management rules, such as a maximum daily loss of 3% and a total loss limit of 6%, is crucial. Upon successful completion, traders enter the Aqua Trader phase with a 90% profit split.
Two-Phase Challenge
The Two-Phase Challenge involves an initial profit target of 8% followed by a verification stage with a 5% target. Both phases have no time limit, and risk management rules are strictly enforced. Completing this challenge also leads to the Aqua Trader phase with a 90% profit split.
Three-Phase Challenge
For those seeking a more rigorous evaluation, the Three-Phase Challenge is available. It requires traders to meet profit targets of 6% in each phase. Successful participants will enjoy the same benefits as in the One-Phase and Two-Phase Challenges, including a 90% profit split.
Challenge Details
One-Phase Challenge
Pricing Structure
- $5,000 account: $42
- $10,000 account: $72
- $25,000 account: $147
- $50,000 account: $222
- $100,000 account: $372
- $200,000 account: $747
Drawdown and Risk Management
The One-Phase Challenge allows a 6% balance-based drawdown. Risk management is crucial for success, with clear guidelines on maximum daily losses and overall loss limits.
Profit Targets and Scaling
Achieving a 9% profit target leads to the Aqua Trader phase. Traders can scale their accounts by 25% of the initial balance if they achieve a 12% profit within three months.
Two-Phase Challenge
Pricing Structure
- $5,000 account: $42
- $10,000 account: $72
- $25,000 account: $147
- $50,000 account: $222
- $100,000 account: $372
- $200,000 account: $747
Drawdown and Risk Management
This challenge has an 8% balance-based drawdown limit and similar risk management rules to the One-Phase Challenge.
Profit Targets and Scaling
The Two-Phase Challenge requires an 8% profit target in the first phase and a 5% target in the second phase. Successful traders can scale their accounts similarly to the One-Phase Challenge.
Three-Phase Challenge
Pricing Structure
- $10,000 account: $50
- $25,000 account: $110
- $50,000 account: $170
- $100,000 account: $275
- $200,000 account: $500
Drawdown and Risk Management
The Three-Phase Challenge offers a 8% drawdown with stringent risk management rules in place.
Profit Targets and Scaling
This challenge involves profit targets of 6% in each phase. Scaling rules are the same as the other challenges, with a 25% increase in account size for achieving a 12% profit in three months.
Trading Platforms and Instruments
Available Trading Platforms
AquaFunded supports several trading platforms, including MatchTrader, cTrader, and Trade Locker, providing flexibility for traders to choose their preferred environment.
Types of Trading Instruments
Traders have access to a diverse range of instruments, including Forex, Crypto, Commodities, Indices, and Metals, catering to various trading strategies.
Broker and Account Management
Partner Broker: ThinkMarkets
AquaFunded partners with ThinkMarkets, a reputable broker known for its reliable services and competitive trading conditions.
Account Allocation and Scaling Rules
Accounts range from $10,000 to $200,000, with the opportunity to scale up to $2,000,000 based on performance. Traders are required to maintain a minimum trading activity to keep their accounts in good standing.
Trader Flexibility and Restrictions
Trading Strategies Allowed
AquaFunded allows a wide range of trading strategies, including the use of EAs, trade copiers, and various trading styles.
Restrictions on Trading Styles
There are no significant restrictions on holding trades overnight or over weekends, and the use of certain trading strategies, such as Hedging and Martingale, is permitted.
Payouts and Refunds
Payout Processing Time
Payouts are processed within 1-2 business days through RiseWorks.io, with traders able to request withdrawals every 14 days.
Fee Refund Policy
AquaFunded offers a 100% fee refund for successful traders who pass the evaluation challenges, further enhancing the attractiveness of their programs.
Promotion and Discounts
Current Offers and Discounts
AquaFunded is currently offering a 40% discount on all challenges. Additionally, there is a chance to win a free $200,000 account, making it an excellent opportunity for aspiring traders.
Free Trials and Competitions
While AquaFunded does not offer free trials or organize trading competitions, the ongoing promotions and discounts provide significant value.
Success Stories and Testimonials
Case Studies of Successful Traders
Numerous traders have achieved success through AquaFunded’s programs, showcasing the effectiveness of their evaluation process and support.
Testimonials from Aqua Funded Traders
Positive testimonials highlight the firm’s transparent approach and supportive trading environment, contributing to its growing reputation.
How to Get Started
Step-by-Step Guide to Joining AquaFunded
- Choose: Select the account size you wish to trade with.
- Trade: Complete the trading objectives on the dashboard.
- Verify: Pass the evaluation phases to become an AquaTrader.
Earn: Start trading with a funded account and enjoy profit splits.
Initial Steps and Requirements
To join AquaFunded, you need to select a challenge, pay the associated fee, and adhere to the trading rules and guidelines. Successful completion leads to funding and further trading opportunities.
Conclusion
In summary, AquaFunded provides a robust trading environment with multiple evaluation programs, flexible trading conditions, and competitive profit-sharing arrangements. Whether you’re a seasoned trader or just starting, AquaFunded offers the tools and support to help you achieve your trading goals.
