Caution

AquaFunded is listed with a caution

Trustpilot has suspended AquaFunded’s rating for breaching its guidelines and removed fake reviews, and 13 of the 20 most recent reviews report denied payouts or accounts closed at payout request.

  • Trustpilot shows: “This company’s rating is unavailable due to a breach of our guidelines.” and “We’ve removed a number of fake reviews for this company.” No date shown (checked 31 Oct 2026). Source, 31 Oct 2026
  • 13 of the 20 most recent reviews (posted 6-30 Oct 2026) report payouts denied, cut or unpaid, or accounts blacklisted after a payout request (copy-trading / reverse-trading / news-rule / floating-loss reasons cited). 1-star share is 40% of 1,198 reviews. Source, 31 Oct 2026

While the caution stands its PA Score is capped at 4.0/10 (formula score 6.6), it is ranked below every active firm, and we show no offers, promo codes or best-of listings for it. Listed since ; status re-checked every 30 days (next by ). These are reports from the sources linked above, not a finding by PropAnalyse. AquaFunded can request a review with evidence via For prop firms. How caution works · All firms with warnings

AquaFunded review

CFDDubai, United Arab EmiratesFounded 2023Last verified 59 source pagesMethodology

AquaFunded is a prop firm, founded in 2023, based in Dubai, United Arab Emirates. Markets: Forex, Indices, Commodities, Crypto, Futures. Evaluation types: 1-step, 2-step, instant. Published fees start at $20; account sizes run from $2.5K to $400K. Profit split: 90% up to 100%.

Visit (caution) (opens AquaFunded in a new tab)

Promo codes are not shown while a caution stands.

Verdict

AquaFunded scores 4.0/10, ranked #48 of 52. Its strongest area is cost (10.0, driven by fee per $1K of account); the weakest is track record (3.8). Best fit: traders on a budget. Missing inputs (trust) score 4/10 by rule.

For

  • Split can reach 100% (see scaling terms)
  • Low cost per $1K of buying power: $1.86
  • Positions can be held over the weekend
  • Static drawdown: the floor does not climb with your equity
  • 8 platforms to choose from
  • Challenge fee refunded: No refunds once evaluation credentials are emailed (all sales final). The evaluation fee is refunded with the trader's 4th successful profit-split payout; not refunded if the account is hard-breached before then.
  • No time limit on the evaluation

Against

  • News trading restricted on some programs
  • Has a consistency rule (check which phase it applies to)
  • No usable Trustpilot rating

Rules at a glance

Challenge types
1-step, 2-step, instant
Fees from
$20
Cheapest per $1K
$1.86
Account sizes
$2.5K, $5K, $10K, $25K, $50K, $100K, $150K, $200K, $300K, $400K
Profit target
8% / 5%
Daily loss limit
5%
Max drawdown
8%
Drawdown type
static
Min trading days
3
Consistency rule
Instant Standard 15%, Instant Pro 20% (purchases from 8 Sep 2026), Instant Flex none (5% per-cycle withdrawal cap); 2 Step Pro funded 50%; 1 Step / 2 Step Standard / Elite none. Futures: Standard 40% funded, Daily 40% eval, Flex 50% challenge only, Instant 20%.
Account type
CFD Also sells futures accountsMain product line is simulated CFD (forex/indices/commodities/crypto) Instant, One Step and Two Step accounts on Match-Trader, TradeLocker, MT5 and cTrader; a Futures tab (AquaFutures, Tradovate/NinjaTrader/Deepcharts) is sold through the same checkout. Source
Markets
Forex, Indices, Commodities, Crypto, Futures
Platforms
  • Match-Trader
  • TradeLocker
  • MT5
  • cTrader
  • Tradovate
  • NinjaTrader
  • TradingView
  • Deepcharts
Leverage
Evaluation: forex 1:100, indices 1:20, commodities 1:20, crypto 1:2; funded/instant: forex 1:50, indices 1:10, commodities 1:10, crypto 1:2
Restricted countries
Cuba, Iran, Syria, Vietnam, Kenya, Albania, Algeria, North Korea, Senegal, Myanmar, Russia, Belarus, Sudan, South Sudan, Venezuela, Crimea, Donetsk, Luhansk
Trustpilot
No rating shown (1,198 reviews)

Fees by account size

One-time evaluation fee per program, as listed by the firm. The cheapest option at each size is marked.

AccountInstant Funding StandardInstant Funding ProInstant Flex1 Step Standard1 Step Flex2 Step Standard2 Step Pro2 Step EliteFutures Flex (no daily loss limit)Futures Flex (with daily loss limit)Futures DailyFutures StandardFutures Instant
$2.5K$30$33-----------
$5K$52$60$119$57$64$30$20$28-----
$10K$78$86$225$96$107$76$39$53-----
$25K$172$185$439$194$205$142$71$110----$309
$50K$278$305$625$281$300$300$143$238$168$141$121$172$487
$100K$505$560$999$453$481$472$279$393$285$205$186$323$646
$150K--------$459$393$287$429$782
$200K$852$905-$875-$860$559------
$300K-$1.5K-----------
$400K-$1.9K-----------

Costs beyond the fee

Reset / retry
Not published
Fee refund
No refunds once evaluation credentials are emailed (all sales final). The evaluation fee is refunded with the trader's 4th successful profit-split payout; not refunded if the account is hard-breached before then.
Time limit
Unlimited
Activation fee
Not published
Minimum payout
100
Scaling plan
12% return within a 3-month period → balance +25% of initial account size, subject to review; up to $4,000,000 max allocation (Aqua Elite progression programme on top)

Payout policy

Profit split
90% up to 100%
Split scaling
100% Lifetime Profit Split available as a paid checkout add-on
Payout cycle
CFD: bi-weekly (every 14 days); first payout eligible 14 days after the first trade on the funded account; 7-day (non-instant) or on-demand (instant) cycles available as paid add-ons. Futures: Standard/Instant on demand, Daily model daily, Flex after 5 winning days.
First payout (days)
14
Payout methods
Crypto (payouts under $5,000), Rise (payouts of $500+; bank transfer or crypto)
KYC before payout
Not published

Trading conduct

News trading
Restricted
Weekend holding
Allowed
EAs / bots
allowed (as part of your own strategy; tick scalping/HFT/arbitrage bots prohibited)
Copy trading
Allowed
Hedging
Allowed
Max risk per trade
Funded: max floating loss per trade/position, Instant Standard 1% (three strikes: split 50%, 25%, then breach), Instant Pro 2% (1% on $300K/$400K = permanent breach); WaveStop on some models; max 80% margin usage per trade (profits deducted)
Inactivity rule
At least one trade every 30 days from first trade, otherwise the account is breached

Programs

Instant Funding Standard instant

Profit target
Not published
Daily loss
3%
Max drawdown
5%
Profit split
90% (100% with add-on)
Min days
5

Drawdown trailing

AccountFeePer $1K
$2.5K$30$12
$5K$52$10.4
$10K$78$7.8
$25K$172$6.88
$50K$278$5.56
$100K$505$5.05
$200K$852$4.26

Instant Funding Pro instant

Profit target
Not published
Daily loss
3%
Max drawdown
6%
Profit split
90% (100% with add-on)
Min days
5

Drawdown trailing

AccountFeePer $1K
$2.5K$33$13.2
$5K$60$12
$10K$86$8.6
$25K$185$7.4
$50K$305$6.1
$100K$560$5.6
$200K$905$4.53
$300K$1.5K$4.88
$400K$1.9K$4.66

Instant Flex instant

Profit target
Not published
Daily loss
2%
Max drawdown
4%
Profit split
90% (100% with add-on)
Min days
7

Drawdown trailing

AccountFeePer $1K
$5K$119$23.8
$10K$225$22.5
$25K$439$17.56
$50K$625$12.5
$100K$999$9.99

1 Step Standard 1-step

Profit target
9%
Daily loss
3%
Max drawdown
6%
Profit split
90% (100% with add-on)
Min days
3

Drawdown trailing

AccountFeePer $1K
$5K$57$11.4
$10K$96$9.6
$25K$194$7.76
$50K$281$5.62
$100K$453$4.53
$200K$875$4.38

1 Step Flex 1-step

Profit target
10%
Daily loss
3% (trailing daily)
Max drawdown
12%
Profit split
90% (100% with add-on)
Min days
Not published

Drawdown static

AccountFeePer $1K
$5K$64$12.8
$10K$107$10.7
$25K$205$8.2
$50K$300$6
$100K$481$4.81

2 Step Standard 2-step

Profit target
8% / 5%
Daily loss
5%
Max drawdown
8%
Profit split
90% (100% with add-on)
Min days
3

Drawdown static

AccountFeePer $1K
$5K$30$6
$10K$76$7.6
$25K$142$5.68
$50K$300$6
$100K$472$4.72
$200K$860$4.3

2 Step Pro 2-step

Profit target
10% / 5%
Daily loss
5%
Max drawdown
10%
Profit split
90% (100% with add-on)
Min days
Not published

Drawdown trailing

AccountFeePer $1K
$5K$20$4
$10K$39$3.9
$25K$71$2.84
$50K$143$2.86
$100K$279$2.79
$200K$559$2.8

2 Step Elite 2-step

Profit target
8% / 5%
Daily loss
4%
Max drawdown
12%
Profit split
90% (100% with add-on)
Min days
3

Drawdown static

AccountFeePer $1K
$5K$28$5.6
$10K$53$5.3
$25K$110$4.4
$50K$238$4.76
$100K$393$3.93

Futures Flex (no daily loss limit) 1-step

Profit target
6%
Daily loss
Not published
Max drawdown
4%
Profit split
90%
Min days
Not published

Drawdown EOD trailing

AccountFeePer $1K
$50K$168$3.36
$100K$285$2.85
$150K$459$3.06

Futures Flex (with daily loss limit) 1-step

Profit target
6%
Daily loss
Not published
Max drawdown
4%
Profit split
90%
Min days
Not published

Drawdown EOD trailing

AccountFeePer $1K
$50K$141$2.82
$100K$205$2.05
$150K$393$2.62

Futures Daily 1-step

Profit target
6%
Daily loss
2%
Max drawdown
4%
Profit split
90%
Min days
Not published

Drawdown EOD trailing

AccountFeePer $1K
$50K$121$2.42
$100K$186$1.86
$150K$287$1.91

Futures Standard 1-step

Profit target
6%
Daily loss
2%
Max drawdown
4%
Profit split
90%
Min days
Not published

Drawdown EOD trailing

AccountFeePer $1K
$50K$172$3.44
$100K$323$3.23
$150K$429$2.86

Futures Instant instant

Profit target
Not published
Daily loss
4%
Max drawdown
6%
Profit split
90%
Min days
Not published

Drawdown EOD trailing

AccountFeePer $1K
$25K$309$12.36
$50K$487$9.74
$100K$646$6.46
$150K$782$5.21

Is AquaFunded legit?

Evidence level: Moderate (2/6). Reports $8.5M+ paid; publishes 100% of the fields we track. The firm reports "Total Rewards $8,500,000+" on its homepage (checked 31 Oct 2026). Full evidence check.

Complaints about AquaFunded

Traders can report a payout, rule or refund problem with AquaFunded. We check the evidence, give the firm 7 days to respond, and show the result here.

0Received
0Verified
0Resolved
0Unresolved

No verified complaints yet. Nothing has been reported to us about AquaFunded so far.

Nothing counts against its PA Score from complaints right now. Only verified complaints the firm has not resolved within 7 days count, for 12 months.

Report a problemHow complaints work

Changelog

Last verified . Next full re-check due by (we re-verify every firm at least every 30 days).

Rule changes

DateFieldWasNow
ListingListingnoneAdded to PropAnalyse

Verification timeline

DateCheckDetail
Rules, fees and payout terms read33 pages on the firm's own site and its Trustpilot profile
Costs, refunds and payout methods checked16 help-centre / FAQ pages
Crypto trading terms checked10 pages
Account type recordedCFD, from the firm's product page
Homepage payout claims checkedFirm reports "Total Rewards $8,500,000+"

All rule changes · RSS · Verification log

FAQ

What profit split does AquaFunded pay?

AquaFunded lists a profit split of 90% up to 100% (100% Lifetime Profit Split available as a paid checkout add-on), per its website as of 2026-10-31.

How much is the cheapest AquaFunded challenge?

The lowest published fee is $20 for a $5K account (2 Step Pro); account sizes start at $2.5K.

What are AquaFunded's drawdown rules?

Daily loss limit: 5%; maximum drawdown: 8% (static).

How often does AquaFunded pay out?

Payout cycle: CFD: bi-weekly (every 14 days); first payout eligible 14 days after the first trade on the funded account; 7-day (non-instant) or on-demand (instant) cycles available as paid add-ons. Futures: Standard/Instant on demand, Daily model daily, Flex after 5 winning days.. First payout eligible after 14 days.

Which platforms does AquaFunded support?

Match-Trader, TradeLocker, MT5, cTrader, Tradovate, NinjaTrader, TradingView, Deepcharts.

Can you trade the news with AquaFunded?

Partly. News trading is restricted on some programs or windows; check the firm's rules page.

Does AquaFunded refund the challenge fee?

No refunds once evaluation credentials are emailed (all sales final). The evaluation fee is refunded with the trader's 4th successful profit-split payout; not refunded if the account is hard-breached before then..

Is there a time limit on AquaFunded challenges?

Unlimited.

Can you trade crypto with AquaFunded?

Yes: execution on Simulated CFD accounts on Match-Trader, TradeLocker, MT5 and cTrader; leverage 1:2 (evaluation and funded). Full crypto terms: propanalyse.com/crypto/aquafunded/.

Is AquaFunded legit?

We score firms on published data, not opinions. AquaFunded has a PA Score of 4.0/10; it was founded in 2023. Check the rule history on this page for recent changes.

Embed AquaFunded’s PA Score

Run AquaFunded? Put this badge on your site. It is generated from our dataset, so it updates by itself whenever we re-verify, and it always shows the verification date. Embedding it, or not, never changes the score. Stars are the score divided by two.

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Sources

Every figure above was read from these pages on . Firms change rules often, so confirm before you buy.

  1. https://www.aquafunded.com/
  2. https://www.aquafunded.com/about-us
  3. https://www.aquafunded.com/rewards
  4. https://www.aquafunded.com/forex-rules
  5. https://www.aquafunded.com/legal/refund-policy
  6. https://www.aquafunded.com/refer-earn
  7. https://crypto.aquafunded.com/
  8. https://help.aquafunded.com/en/articles/9250906-how-do-rewards-work
  9. https://help.aquafunded.com/en/articles/9250919-what-is-the-profit-split
  10. https://help.aquafunded.com/en/articles/9250960-what-platforms-are-available
  11. https://help.aquafunded.com/en/articles/9251075-what-is-the-maximum-capital-i-am-allowed
  12. https://help.aquafunded.com/en/articles/9251044-do-you-offer-a-scaling-plan
  13. https://help.aquafunded.com/en/articles/9251052-are-there-any-countries-we-cannot-trade-from
  14. https://help.aquafunded.com/en/articles/14785740-is-news-trading-allowed
  15. https://help.aquafunded.com/en/articles/11831680-can-i-hold-trades-overnight-and-over-the-weekend
  16. https://help.aquafunded.com/en/articles/11875903-consistency-rule
  17. https://help.aquafunded.com/en/articles/15255671-are-there-minimum-trading-days
  18. https://help.aquafunded.com/en/articles/15281183-1-step-standard
  19. https://help.aquafunded.com/en/articles/10476451-1-step-flex
  20. https://help.aquafunded.com/en/articles/15281226-2-step-standard
  21. https://help.aquafunded.com/en/articles/15281229-2-step-pro
  22. https://help.aquafunded.com/en/articles/17709019-2-step-elite
  23. https://help.aquafunded.com/en/articles/10476448-instant-funding-standard
  24. https://help.aquafunded.com/en/articles/15281078-instant-funding-pro
  25. https://help.aquafunded.com/en/articles/17066639-instant-flex
  26. https://help.aquafunded.com/en/articles/9395678-do-you-have-a-reward-guarantee
  27. https://help.aquafunded.com/en/articles/9250947-what-are-your-spreads-and-commissions
  28. https://help.aquafunded.com/en/articles/10494335-reward-add-ons
  29. https://help.aquafunded.com/en/articles/13322298-pay-after-pass-model
  30. https://intercom.help/aquafutures-help-center/en/articles/15892633-aquafutures-platform-overview
  31. https://intercom.help/aquafutures-help-center/en/collections/19685956-trading-platforms
  32. https://intercom.help/aquafutures-help-center/en/articles/16941660-payout-policy
  33. https://www.trustpilot.com/review/aquafunded.com
  34. https://help.aquafunded.com/en/articles/9251069-is-the-evaluation-fee-refundable
  35. https://www.aquafunded.com/legal/refund-policy
  36. https://help.aquafunded.com/en/articles/11875797-is-there-a-time-limit
  37. https://help.aquafunded.com/en/articles/9250906-how-do-rewards-work
  38. https://help.aquafunded.com/en/articles/9251044-do-you-offer-a-scaling-plan
  39. https://help.aquafunded.com/en/articles/11831659-are-eas-trade-copiers-allowed
  40. https://help.aquafunded.com/en/articles/11877755-is-copy-trading-allowed
  41. https://help.aquafunded.com/en/articles/11831763-do-you-allow-hedging-martingale-and-trading-without-a-stop-loss
  42. https://help.aquafunded.com/en/articles/11875895-maximum-loss-per-trade-policy
  43. https://help.aquafunded.com/en/articles/10503593-wavestop
  44. https://help.aquafunded.com/en/articles/11831701-other-rules
  45. https://help.aquafunded.com/en/articles/9251047-is-there-a-breach-for-inactivity
  46. https://help.aquafunded.com/en/articles/9251079-what-happens-if-i-fail-my-evaluation-or-funded-account
  47. https://help.aquafunded.com/en/articles/10494335-reward-add-ons
  48. https://help.aquafunded.com/en/articles/13322298-pay-after-pass-model
  49. https://www.aquafunded.com/
  50. https://help.aquafunded.com/en/articles/15281183-1-step-standard
  51. https://help.aquafunded.com/en/articles/9250947-what-are-your-spreads-and-commissions
  52. https://help.aquafunded.com/en/articles/9250960-what-platforms-are-available
  53. https://help.aquafunded.com/en/articles/9250906-how-do-rewards-work
  54. https://help.aquafunded.com/en/articles/11831701-other-rules
  55. https://help.aquafunded.com/en/articles/11875895-maximum-loss-per-trade-policy
  56. https://help.aquafunded.com/en/articles/11831659-are-eas-trade-copiers-allowed
  57. https://help.aquafunded.com/en/articles/11877755-is-copy-trading-allowed
  58. https://help.aquafunded.com/en/articles/11831680-can-i-hold-trades-overnight-and-over-the-weekend
  59. https://crypto.aquafunded.com/

Data notes. List prices from the aquafunded.com homepage pricing widget (every market/model/type/size clicked, 2026-10-31); fees shown are pre-discount list prices. Promo on own site today: code HALLOWEEN = 35% off ("Halloween Sale 35% OFF + 200% Refund", "Limited Time", no expiry date stated); widget also shows multi-account discounts (2nd account -40%, 3rd -45%). Homepage says fees are "100% refundable"; help centre/refund policy: evaluation fee refunded with the 4th payout, not refunded if hard-breached before then. Futures Flex is sold in two variants (no daily loss limit vs a $ daily loss limit; DLL amount not captured); futures accounts use EOD drawdown and position caps (4 contracts/40 micros; Instant 1 contract/10 micros); futures payouts capped per cycle (e.g. Standard 50K $2,000 then $2,500). Futures models list no minimum trading days on the widget, so programs show null. Help centre also documents Pay After Pass ($5 evaluation + activation fee after passing), TryAqua $1/$10 and legacy models (1 Step Pro, 3 Step, AquaMan); these are not in the homepage pricing widget today and are not listed as programs. Headline rule fields describe 2 Step Standard. min_trading_days=3 (1 Step/2 Step Standard/Elite; each day needs >=0.5% profit); Instant models need 5 (Flex 7) qualifying days before a reward. News: allowed but profit from trades opened/closed within 5 min of red-folder/FOMC events is capped at 0.5% of starting balance per payout cycle (accounts from 27 Apr 2026). Other funded-account rules: max floating loss per trade (Instant Standard 1%, Pro 2%; three-strike split cuts), WaveStop on some models, 80% margin-usage cap, trades under 2 minutes may be treated as tick scalping (profit removal). Payouts: $100 minimum, 3% processing fee on all payouts, first two rewards capped at $10,000 each on $100K+ accounts. Restricted list above is full ban; Thailand, Brazil, Bulgaria, Japan, Jordan, Singapore, Malaysia, Indonesia, Philippines are limited to Instant Funding models, max $50K funded. Entities: Aqua Funded FZCO (IFZA, Dubai Silicon Oasis) and AquaFunded LTD (Saint Lucia, co. no. 2004-00597) which provides the simulated trading services. Homepage claims $8,500,000+ total rewards and 330,000+ traders. crypto.aquafunded.com (crypto prop product) shows "Coming Soon"; crypto here = crypto CFDs at 1:2 on the CFD accounts. CAUTION (listed with caution): Trustpilot (https://www.trustpilot.com/review/aquafunded.com, checked 2026-10-31) shows "This company’s rating is unavailable due to a breach of our guidelines" and "We’ve removed a number of fake reviews for this company"; 1,198 reviews, 40% 1-star, 398 in the last 12 months. Recent reviews (Oct 2026) repeatedly report payouts denied or reduced after funded profits (reverse/copy-trading allegations, news-rule profit removal) and payouts reported as still unpaid weeks after request. These are reviewer reports, not verified by us.