Forex prop firm

AquaFunded

Dubai-based CFD prop firm selling instant, 1-step and 2-step accounts from $2.5K to $400K.

Founded: 2023 (3 years)
Headquarters: Dubai, United Arab Emirates
CEO: Jason Blax
Max funding: $400K
Profit split: Up to 100%
Programs: Instant funding, 1-step, 2-step

NewsAllowed with limits
EAsAllowed
CopyAllowed with limits
OvernightAllowed
WeekendAllowed

Overview

AquaFunded is a CFD proprietary trading firm established in 2023. It is operated by Aqua Funded FZCO in Dubai, and its simulated trading services are provided by AquaFunded LTD, registered in Saint Lucia. The firm belongs to the holding company AquaFunds, which also owns the separate AquaFutures brand. Traders can buy Instant Funding accounts in Standard, Pro and Flex versions, or 1-step and 2-step evaluations, on Match-Trader, TradeLocker, MT5 or cTrader. The standard profit split is 90%, or 100% with a paid add-on, and funded allocation is capped at $400,000 per trader before scaling.

What you trade: CFD: Forex, Indices, Metals, Commodities, Crypto
Featured challenge: Instant Funding Pro, $100K for $560
Accounts on offer: 49 across 8 programs

PropFirmly score

6.5/10

Trader reputation 25%: 5.0; No Trustpilot profile found, scored as neutral.
Track record 20%: 3.8; 3 years in operation.
Payout terms 20%: 10.0; Profit split up to 100%.
Pricing 15%: 4.7; Featured challenge costs more than the forex median per $100K.
Rule flexibility 12%: 8.0; News, EAs, copy trading, overnight and weekend holding.
Platform choice 8%: 10.0; 4 trading platforms.

Weights and formulas are on the methodology page.

AquaFunded challenges

All 49 account options. Prices are list prices before discounts, in the currency AquaFunded charges.

SizeStepsApply discountSort

Challenges 49

How we check and rank firmsChecked 25 October 2026

AquaFunded challenges
	Steps	Profit target	Daily loss	Max loss	Loss type			Payouts			Buy
$2.5K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$1,227	$19.94$30.67	Buy
$2.5K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$1,334	$21.67$33.34	Buy
$5K	2 Steps2 Step Pro	10%5%	5%	10%	Equity trailing	1.50	90%to 100%	Every 14 days	$400	$13$20	Buy
$5K	2 Steps2 Step Elite	8%5%	4%	12%	Static	1.08	90%to 100%	Every 14 days	$560	$18.20$28	Buy
$5K	2 Steps2 Step Standard	8%5%	5%	8%	Static	1.63	90%to 100%	Every 14 days	$603	$19.60$30.15	Buy
$5K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$1,040	$33.80$52	Buy
$5K	1 Step1 Step Standard	9%	3%	6%	Equity trailing	1.50	90%to 100%	Every 14 days	$1,142	$37.10$57.08	Buy
$5K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$1,200	$39$60	Buy
$5K	1 Step1 Step Flex	10%	3%	12%	Static	0.83	90%to 100%	Every 14 days	$1,292	$42$64.62	Buy
$5K	InstantInstant Flex	None	2%	4%	Equity trailing	n/a	90%	Every 14 days	$2,380	$77.35$119	Buy
$10K	2 Steps2 Step Pro	10%5%	5%	10%	Equity trailing	1.50	90%to 100%	Every 14 days	$392	$25.48$39.20	Buy
$10K	2 Steps2 Step Elite	8%5%	4%	12%	Static	1.08	90%to 100%	Every 14 days	$539	$35$53.85	Buy
$10K	2 Steps2 Step Standard	8%5%	5%	8%	Static	1.63	90%to 100%	Every 14 days	$765	$49.70$76.46	Buy
$10K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$787	$51.14$78.67	Buy
$10K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$867	$56.33$86.66	Buy
$10K	1 Step1 Step Standard	9%	3%	6%	Equity trailing	1.50	90%to 100%	Every 14 days	$969	$63$96.93	Buy
$10K	1 Step1 Step Flex	10%	3%	12%	Static	0.83	90%to 100%	Every 14 days	$1,077	$70.01$107.70	Buy
$10K	InstantInstant Flex	None	2%	4%	Equity trailing	n/a	90%	Every 14 days	$2,250	$146.25$225	Buy
$25K	2 Steps2 Step Pro	10%5%	5%	10%	Equity trailing	1.50	90%to 100%	Every 14 days	$285	$46.28$71.20	Buy
$25K	2 Steps2 Step Elite	8%5%	4%	12%	Static	1.08	90%to 100%	Every 14 days	$444	$72.10$110.93	Buy
$25K	2 Steps2 Step Standard	8%5%	5%	8%	Static	1.63	90%to 100%	Every 14 days	$569	$92.40$142.15	Buy
$25K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$688	$111.80$172	Buy
$25K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$741	$120.47$185.34	Buy
$25K	1 Step1 Step Standard	9%	3%	6%	Equity trailing	1.50	90%to 100%	Every 14 days	$780	$126.70$194.93	Buy
$25K	1 Step1 Step Flex	10%	3%	12%	Static	0.83	90%to 100%	Every 14 days	$823	$133.71$205.70	Buy
$25K	InstantInstant Flex	None	2%	4%	Equity trailing	n/a	90%	Every 14 days	$1,756	$285.35$439	Buy
$50K	2 Steps2 Step Pro	10%5%	5%	10%	Equity trailing	1.50	90%to 100%	Every 14 days	$286	$93.08$143.20	Buy
$50K	2 Steps2 Step Elite	8%5%	4%	12%	Static	1.08	90%to 100%	Every 14 days	$476	$154.70$238	Buy
$50K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$557	$181.14$278.67	Buy
$50K	1 Step1 Step Standard	9%	3%	6%	Equity trailing	1.50	90%to 100%	Every 14 days	$562	$182.70$281.08	Buy
$50K	1 Step1 Step Flex	10%	3%	12%	Static	0.83	90%to 100%	Every 14 days	$601	$195.31$300.47	Buy
$50K	2 Steps2 Step Standard	8%5%	5%	8%	Static	1.63	90%to 100%	Every 14 days	$601	$195.44$300.68	Buy
$50K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$611	$198.47$305.34	Buy
$50K	InstantInstant Flex	None	2%	4%	Equity trailing	n/a	90%	Every 14 days	$1,250	$406.25$625	Buy
$100K	2 Steps2 Step Pro	10%5%	5%	10%	Equity trailing	1.50	90%to 100%	Every 14 days	$279	$181.48$279.20	Buy
$100K	2 Steps2 Step Elite	8%5%	4%	12%	Static	1.08	90%to 100%	Every 14 days	$393	$255.50$393.08	Buy
$100K	1 Step1 Step Standard	9%	3%	6%	Equity trailing	1.50	90%to 100%	Every 14 days	$453	$294.70$453.39	Buy
$100K	2 Steps2 Step Standard	8%5%	5%	8%	Static	1.63	90%to 100%	Every 14 days	$473	$307.44$472.98	Buy
$100K	1 Step1 Step Flex	10%	3%	12%	Static	0.83	90%to 100%	Every 14 days	$481	$312.90$481.39	Buy
$100K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$505	$328.46$505.33	Buy
$100K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$560	$364$560	Buy
$100K	InstantInstant Flex	None	2%	4%	Equity trailing	n/a	90%	Every 14 days	$999	$649.35$999	Buy
$200K	2 Steps2 Step Pro	10%5%	5%	10%	Equity trailing	1.50	90%to 100%	Every 14 days	$280	$363.48$559.20	Buy
$200K	InstantInstant Funding Standard	None	3%	5%	End-of-day trailing	n/a	90%to 100%	Every 14 days	$426	$553.80$852	Buy
$200K	2 Steps2 Step Standard	8%5%	5%	8%	Static	1.63	90%to 100%	Every 14 days	$430	$559.44$860.68	Buy
$200K	1 Step1 Step Standard	9%	3%	6%	Equity trailing	1.50	90%to 100%	Every 14 days	$438	$569.10$875.54	Buy
$200K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$453	$588.47$905.34	Buy
$300K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$488	$952.46$1,465.33	Buy
$400K	InstantInstant Funding Pro	None	3%	6%	Equity trailing	n/a	90%to 100%	Every 14 days	$466	$1,212.46$1,865.33	Buy

Target ÷ loss is the total profit target divided by the max loss limit. Lower means less profit is needed for each unit of risk. Prices are list prices; "Apply discount" takes off the firm's current public code, which may not cover every program. Per $100K converts EUR and GBP at a fixed rate for ranking only. Buy links go to the firm's site; some are affiliate links (PropFirmly may earn a commission).

Instant Funding Pro

Instant funding

Account sizes: $2.5K to $400K
Price: $33.34 to $1,865.33
Drawdown: Equity trailing
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: 5 days with at least 0.5% profit
Time limit: None

Payouts: every 14 days (on demand with a paid add-on)
The 6% maximum loss trails the highest equity reached, including floating profit, and never moves down.
The account is closed if combined floating loss reaches 2% of the starting balance (1% on $300K and $400K).
The 20% consistency rule is described as a limited-time change.
The pricing table says the first payout is on demand and later ones bi-weekly. The help center lists on-demand payouts as a paid add-on.
Prices are checkout list prices before discounts. cTrader costs $15 extra.

Instant Funding Standard

Instant funding

Account sizes: $2.5K to $200K
Price: $30.67 to $852
Drawdown: End-of-day trailing
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: 5 days with at least 0.5% profit
Time limit: None

Payouts: every 14 days (on demand with a paid add-on)
At each 00:00 UTC reset, the maximum loss limit is set 5% of the starting balance below the higher of balance or equity. It only moves up.
A floating loss of 1% of the starting balance counts as a strike: the first cuts the split to 50%, the second to 25%, and the third ends the account.
These rules apply to accounts bought from 8 September 2026. Older accounts use a 3% trailing maximum loss and a 20% consistency rule.
The website pricing table shows prices a few cents below the checkout list prices used here (for example $505 vs $505.33 for 100K).

Instant Flex

Instant funding

Account sizes: $5K to $100K
Price: $119 to $999
Drawdown: Equity trailing
Profit split: 90%
Payouts: Every 14 days
Minimum trading days: 7 days with at least 0.5% profit
Time limit: None

The 4% maximum loss trails the highest equity reached.
Withdrawable profit is capped at 5% of the starting balance per payout cycle. Profit above the cap is removed when the payout is processed.
The account is closed if combined floating loss reaches 1% of the starting balance.
The Instant Flex article does not mention a 100% split add-on.

1 Step Standard

1-step

Account sizes: $5K to $200K
Price: $57.08 to $875.54
Drawdown: Equity trailing
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: 3 days with at least 0.5% profit
Time limit: None
Fee refunded: Yes, with a qualifying payout

Payouts: every 14 days (every 7 days with a paid add-on)
The 6% maximum loss trails the highest recorded balance or equity.
Daily loss is 3% of the higher of balance or equity at the 00:00 UTC reset, not of the starting balance.
WaveStop applies on the funded account.
The pricing table lists 'first reward in 7 days, then bi-weekly', while the help center describes 7-day payouts as a paid add-on.

1 Step Flex

1-step

Account sizes: $5K to $100K
Price: $64.62 to $481.39
Drawdown: Static
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: None to pass; 3 days with at least 0.5% profit before the first funded payout
Time limit: None
Fee refunded: Yes, with a qualifying payout

Payouts: every 14 days (every 7 days with a paid add-on)
The 12% static maximum loss applies to accounts bought from 31 August 2026. Earlier accounts keep a 10% limit.
The daily loss limit is set at each 00:00 UTC reset from the higher of balance or equity.
On the funded account, a floating loss of 1% is a WaveStop strike: the first cuts the split to 50%, the second to 25%, and the third ends the account.

2 Step Standard

2-step

Account sizes: $5K to $200K
Price: $30.15 to $860.68
Drawdown: Static
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: 3 days with at least 0.5% profit in each phase
Time limit: None
Fee refunded: Yes, with a qualifying payout

Payouts: every 14 days (every 7 days with a paid add-on)
Daily loss is 5% of the higher of the previous day's closing balance or equity, reset at 00:00 UTC.
WaveStop applies on the funded account.

2 Step Pro

2-step

Account sizes: $5K to $200K
Price: $20 to $559.20
Drawdown: Equity trailing
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: None during the evaluation; 3 days with at least 0.5% profit on the funded account
Time limit: None
Fee refunded: Yes, with a qualifying payout

Payouts: every 14 days (every 7 days with a paid add-on)
The 10% maximum loss trails the highest balance or equity.
WaveStop applies on the funded account.
The website pricing table rounds these prices down (for example $279 vs the $279.20 checkout list price used here).

2 Step Elite

2-step

Account sizes: $5K to $100K
Price: $28 to $393.08
Drawdown: Static
Profit split: 90%, up to 100%
Payouts: Every 14 days
Minimum trading days: 3 days with at least 0.5% profit in each phase
Time limit: None
Fee refunded: Yes, with a qualifying payout

Payouts: every 14 days (every 7 days with a paid add-on)
Rules were updated on 22 October 2026. Accounts bought before then have a 10% maximum loss.
On the funded account, a floating loss of 1% is a WaveStop strike: the first cuts the split to 50%, the second to 25%, and the third ends the account.

Trading rules

What AquaFunded lets you do on its accounts, taken from its rules and FAQ pages.

News trading
Allowed with limits
Allowed on accounts opened after 27 April 2026. Profit from trades opened or closed within 5 minutes of high-impact or FOMC events is capped at 0.5% of the starting balance per payout cycle.
Expert advisors
Allowed
EAs are allowed as part of the trader's own strategy. High-frequency trading, tick scalping and arbitrage bots are prohibited.
Copy trading
Allowed with limits
Copying is allowed only between accounts legally owned by the account holder, including the trader's own external accounts.
Overnight holding
Allowed
Weekend holding
Allowed

Rules to read before you buy

Daily loss resets at 00:00 UTC and is measured from the higher of balance or equity at the reset.
Using more than 80% of available margin on one position is a violation, and profits from it are deducted.
Trades held under 2 minutes may be classed as tick scalping, and their profits can be removed on funded accounts.
WaveStop on funded 1 Step Standard and 2 Step accounts closes all positions at a set floating-loss level and cuts the profit split on repeat triggers.
Hedging within one account and martingale are permitted. There is no maximum lot size.
Residents of Thailand, Brazil, Bulgaria, Japan, Jordan, Singapore, Malaysia, Indonesia and the Philippines may only buy Instant Funding accounts, up to $50K funded.
Instant Funding accounts cannot be merged.

Inactivity: At least one trade every 30 days, counted from the first trade. Otherwise the account is breached.

How the drawdown works

Equity trailing (Instant Funding Pro, Instant Flex, 1 Step Standard, 2 Step Pro): The loss limit rises with your highest equity, including open profit, so it follows unrealised gains too.
End-of-day trailing (Instant Funding Standard): The loss limit moves up once a day, based on your end-of-day balance, and ignores swings during the session.
Static (1 Step Flex, 2 Step Standard, 2 Step Elite): The loss limit is fixed at a set distance below your starting balance and never moves.

Consistency rules

Instant Funding Pro: Best day must be under 20% of total profit for accounts bought from 8 September 2026 (15% before that date)
Instant Funding Standard: Best day must be under 15% of total profit
Instant Flex: None
1 Step Standard: None
1 Step Flex: None
2 Step Standard: None
2 Step Pro: On the funded account, the best day must be under 50% of the period's profit (accounts bought from 31 August 2026; 25% before that date)
2 Step Elite: None

Leverage and fees

Leverage

AquaFunded leverage
Forex	1:100 during evaluations; 1:50 on funded and Instant accounts
Indices	1:20 during evaluations; 1:10 on funded and Instant accounts
Commodities	1:20 during evaluations; 1:10 on funded and Instant accounts
Crypto	1:2

Commissions

AquaFunded commissions
Forex	$5 per lot
Commodities	$5 per lot
Indices	$0
Crypto	$0

Payouts

Full AquaFunded payout guide

Profit split: 90% on all current programs. A paid add-on raises it to 100% for the life of the account.
How often: Every 14 days. Paid add-ons allow payouts every 7 days on evaluation accounts, or on demand on Instant Funding accounts.
First payout: 14 days after the first trade on the funded account, once the minimum trading days are met.
Minimum withdrawal: $100

A 3% processing fee is deducted from every payout.
Crypto is used for payouts under $5,000. Rise, which offers bank transfer or crypto, is used for payouts of $500 or more.
On $100K and larger accounts, the first two payouts are capped at $10,000 each.
Payouts are guaranteed within 24 business hours (Dubai business days); if late, $1,000 is added.
The evaluation fee is refunded with the fourth payout unless the account is hard-breached first.
The WaveStop help article describes a 2% trigger with two strikes, while the 1 Step Flex and 2 Step Elite articles describe a 1% trigger with three strikes.

Ways to get paid

Crypto
Rise

Scaling plan

Funded accounts that return 12% within 3 months while following all rules can be increased by 25% of the starting balance, up to $4,000,000.

Funded allocation is capped at $400,000 before scaling. Eligible funded accounts can be merged when at breakeven.
A separate Aqua Elite progression program offers further tiers. All scaling is subject to review and approval.

Platforms and payments

Trading platforms

Match-Trader
TradeLocker
MetaTrader 5
cTrader

Markets

Forex
Indices
Metals
Commodities
Crypto

Pay for a challenge with

Credit or debit card
Apple Pay
Crypto

Who can sign up

AquaFunded accepts traders from the United States. It lists 18 restricted countries.

Show restricted countries

Cuba
Iran
Syria
Vietnam
Kenya
Albania
Algeria
North Korea
Senegal
Myanmar
Russia
Belarus
Sudan
South Sudan
Venezuela
Crimea
Donetsk
Luhansk

Compare AquaFunded

AquaFunded appears on these lists

Sources

We checked these pages on or before 25 October 2026. Firms change their terms often, so confirm the details on AquaFunded's site before you pay.

Spotted something out of date? Send a correction.

AquaFunded questions

How much does a AquaFunded challenge cost?

List prices run from $20 for the $5K 2 Step Pro account to $1,865.33 for the $400K Instant Funding Pro account, before any discount.

What profit split does AquaFunded pay?

90% on all current programs. A paid add-on raises it to 100% for the life of the account.. The highest split across its programs is 100%.

How often does AquaFunded pay out?

Every 14 days. Paid add-ons allow payouts every 7 days on evaluation accounts, or on demand on Instant Funding accounts.. First payout: 14 days after the first trade on the funded account, once the minimum trading days are met..

Does AquaFunded allow news trading?

Allowed with limits. Allowed on accounts opened after 27 April 2026. Profit from trades opened or closed within 5 minutes of high-impact or FOMC events is capped at 0.5% of the starting balance per payout cycle.

Can I use expert advisors (EAs) with AquaFunded?

Allowed. EAs are allowed as part of the trader's own strategy. High-frequency trading, tick scalping and arbitrage bots are prohibited.

Does AquaFunded accept traders from the United States?

Yes. AquaFunded's terms allow US residents to sign up. It does restrict 18 other countries, listed on this page.

Which platforms can I trade on with AquaFunded?

Match-Trader, TradeLocker, MetaTrader 5, cTrader.

How long has AquaFunded been operating?

AquaFunded was founded in 2023 and is based in Dubai, United Arab Emirates. Its CEO is Jason Blax.

Still have a question?

Ask about a firm, a rule or a number that looks wrong. A link to the firm's own page helps us re-check it quickly.

support@propfirmly.com Contact page

Last checked 25 October 2026.

AquaFunded

Trading permissions

Overview

PropFirmly score

AquaFunded challenges

Instant Funding Pro

Instant Funding Standard

Instant Flex

1 Step Standard

1 Step Flex

2 Step Standard

2 Step Pro

2 Step Elite

Trading rules

News trading

Expert advisors

Copy trading

Overnight holding

Weekend holding

Rules to read before you buy

How the drawdown works

Consistency rules

Leverage and fees

Leverage

Commissions

Payouts

Ways to get paid

Scaling plan

Platforms and payments

Trading platforms

Markets

Pay for a challenge with

Who can sign up

More about AquaFunded

Compare AquaFunded

AquaFunded appears on these lists

Sources

AquaFunded questions