AquaFunded is a well known trusted prop firm which is based in Dubai and Founded by Sean Bainton, Jason Blax and Franco Crean in December 2023. The prop firm is based in Dubai and operated under the leadership of CEO Jason Blax. AquaFunded has over 10,000 Trader worldwide and has paid over $1.3 million in total payouts. With the scaling plan, traders can increase their funding up to $2 million.
Company Name : AquaFunded
Company Legal Name and Registration No. : Aqua Funded FZCO (35582)
Company CEO : Jason Blax
Company Address : Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates
Aqua Funded offer 4 different type of Challenges, catering all kind of traders based on their preference and skills. These program are 1 Step Challenge, 2 Step Challenge, 2 Step Pro Challenge and 3 Step Challenge.
Prices :
$5,000 : $45
$10,000 : $77
$25,000 : $157
$50,000 : $237
$100,000 : $397
$200,000 : $797
Rules:
Prices :
$5,000 : $45
$10,000 : $77
$25,000 : $157
$50,000 : $237
$100,000 : $397
$200,000 : $797
Rules:
Prices :
$10,000 : $112
$25,000 : $224
$50,000 : $320
$100,000 : $496
$200,000 : $960
Rules:
Prices :
$10,000 : $53
$25,000 : $117
$50,000 : $181
$100,000 : $293
$200,000 : $533
Rules:
AquaFunded provides a simple and easy scaling plan, To scale up the account, trader only has to make at least 12% profit in the period of 3 Months. If a trader meets this criteria then their account will be increased by 25% of the initial balance and the cycle will keep continue until the account reaches to $2 million in scaled up funding.
AquaFunded offers raw spreads provided by their ECN broker.
Aqua Funded allows news trading but only in evaluation phases but in Funded Phase, Traders are restricted from opening or closing any trade before and after 5 minutes of a high impact news and red folder event. In addition any profit that has been made in this time period will be removed and there will be no account violation due to that.
Daily Drawdown is calculated based on trailing drawdown, the daily drawdown limit is based on the given percentage of the initial balance and will apply based on the highest equity or balance the account has at 5pm EST, Do keep in mind that this drawdown limit will not grow or shrink but change place according to the highest balance in the account.
There are few countries that Aqua Funded does not provide any services and these countries are Cuba, Iran, Syria, Pakistan, Vietnam, Thailand, Kenya, Myanmar, Albania, Algeria, Brazil, Bulgaria, Japan, Jordan, North Korea, Senegal, Singapore, Malaysia, Indonesia, Philippines.
There are few trading strategies that Aqua Funded keeps under the list of Prohibited strategies and these strategies are :
AquaFunded provides payouts via Riseworks. Traders can simply submit withdrawal request and after that AquaFunded will send the profits to the trader’s rise account and after that trader can withdraw their payout in crypto or transfer the money straight to the bank.
Commissions set for cryptocurrencies and indices - $0 per lot
Commissions set for forex and Commodities - 5$ per lot