Our editorial team compared every key metric — fees, rules, profit split, payouts — so you can pick the right firm.
| Feature | AquaFunded | iFunds |
|---|---|---|
| Payout | ||
| Profit Split | 100% | 50-80% (inversely linked to max DD chosen) |
| First Payout | — | On demand |
| Payout Frequency | Bi-weekly (challenge) / On-demand (instant) | On demand |
| Max Account Size | $400,000 | $500,000 |
It's a Tie!
In this independent head-to-head comparison of AquaFunded vs iFunds, we break down challenge rules, pricing, profit splits, and payout conditions to help you decide which prop firm is the better fit for your trading style.
AquaFunded: 100% Profit Split. Refundable Fees. On-Demand Instant Funding.
iFunds: No Evaluation. Choose Your Own Max DD. 50-80% Split. 24h Payout Guarantee.
Both firms score equally in our independent methodology. The best choice depends on which specific features matter most to your trading style.
BestProp Score: AquaFunded scores 7.8/10 vs iFunds at 7.8/10.
Minimum Fee: AquaFunded starts from Refundable; iFunds starts from $250.
Profit Split: AquaFunded offers 100%; iFunds offers 50-80% (inversely linked to max DD chosen). iFunds has the higher split.
Platforms: AquaFunded supports MT5, cTrader, TradeLocker, MatchTrader; iFunds is on MT4, MT5.
Tradeable Markets: AquaFunded covers Forex, Metals, Indices, Crypto, Commodities; iFunds offers Forex, Metals, Energies, Crypto, Stocks.
Challenge fees are typically the biggest factor when choosing a prop firm. Here is how AquaFunded and iFunds compare on pricing.
AquaFunded challenge fees start from Refundable. The firm has operated since 2023. They have funded over 240,000+ traders. Total payouts to date: $7,000,000+.
iFunds challenge fees start from $250. The firm has operated since 2024.
AquaFunded profit split: 100%. iFunds profit split: 50-80% (inversely linked to max DD chosen). iFunds delivers the higher cut to traders.
Payout frequency: AquaFunded pays Bi-weekly (challenge) / On-demand (instant); iFunds pays On demand. Faster payouts are better for cash flow management.
Here is our full independent review of AquaFunded:
AquaFunded was founded in December 2023 and is headquartered in the UAE under CEO Jason Blax, who also runs AquaFutures, the futures-focused sibling brand. The two platforms share a brand identity but serve different markets: AquaFutures covers CME futures, while AquaFunded handles forex, metals, indices, crypto and commodities via CFD. With 240,000+ registered traders and $7M+ in distributed rewards, AquaFunded is the larger of the two brands by trader volume.
AquaFunded offers four programme types covering the full spectrum from beginner-accessible to instant-funded. The 100% profit split across all challenge accounts is a headline feature, as are the 100% refundable challenge fees. The Aqua Trader instant funding path skips evaluation entirely and provides on-demand payouts from day one, suited to experienced traders who want capital without a challenge phase.
The No Denials payout policy is stated as a core commitment. However, the external customer rating of 3.5/5 diverges significantly from the internal 9.4/10 rating, suggesting some traders have experienced friction. Weight independent ratings carefully when assessing payout reliability for this firm.
Four platforms: MatchTrader, TradeLocker, MetaTrader 5, cTrader. Instruments: forex, metals, indices, crypto, commodities. Payment options include Visa, Mastercard, Amex, Apple Pay, Bitcoin, Ethereum. Restricted countries, news trading policy, EA permissions and weekend holding rules were not published on the sources reviewed – verify on the live site before purchasing.
AquaFunded earns a 6.5 BestProp score. The 100% profit split, 100% refundable challenge fees, on-demand instant funding and four-programme variety are genuine positives. The sibling relationship with AquaFutures under CEO Jason Blax gives the brand an established operational structure from launch. The external customer rating of 3.5/5 is the second-lowest in our database – a meaningful gap from the internal platform score that traders should factor into their decision.
Here is our full independent review of iFunds:
iFunds is operated by iFunds Ltd (Saint Lucia, Registration No. 2024-00154) and Synerjic Ltd (Cyprus, Registration No. 474148), led by CEO Layth Sanjaq. The firm offers a purely instant-funded model — there is no evaluation phase. Traders receive capital immediately and configure their own risk parameters at purchase. iFunds holds a 4.7/5 Trustpilot rating with 93% five-star reviews. Maximum account size is $500,000. Payouts are processed within 24 hours, with a 10% bonus (up to $1,000) if the 24-hour window is missed.
The defining feature of iFunds is its customizable risk-reward model: traders select their maximum drawdown threshold at account purchase (between 6% and 10% of initial balance). A lower chosen drawdown ceiling yields a higher profit split; a higher drawdown tolerance yields a lower split. This places risk management directly in the trader’s hands from day one.
No evaluation. No profit target to begin trading. Traders select a max drawdown level — the lower the max DD they accept, the higher their profit share. The exact split-to-DD mapping is:
There is no daily loss limit on any iFunds account — only the chosen maximum drawdown applies. This gives traders full intraday flexibility; only the total equity drop from the starting balance is monitored.
Note: fees represent a meaningful percentage of account size on smaller accounts ($250 for $2,500 = 10%). This is consistent with instant-funded models where no evaluation filters risk, and reflects the immediacy of funded access. Fees are described as a participation fee — refund terms are governed by iFunds’ separate Refund Policy.
Platforms: MetaTrader 4, MetaTrader 5. Instruments: Stocks, currencies, metals, energies, cryptocurrencies. Leverage: up to 1:100 (dynamic, based on risk level). All instruments accessible on both platforms with the same account.
iFunds earns a 6.5 BestProp score. The customizable risk-reward model is genuinely innovative — letting traders choose their own drawdown tolerance and receive a commensurate profit share puts risk management in the right hands. 4.7/5 Trustpilot with 93% five-star reviews is excellent for a 2024-registered firm. No daily loss limit provides real intraday freedom. EAs, news trading, trade copiers, and multi-IP are all permitted with minimal restrictions. On-demand payouts with a 24-hour guarantee and bonus incentive are strong operational commitments.
The main caution is the fee-to-account-size ratio on small accounts: $250 for a $2,500 funded account is a 10% upfront cost, and the base profit split at the highest drawdown tolerance is only 50%. Traders who want immediate funding of small accounts should run the numbers carefully — at 50% split and $250 fee, the break-even is $500 in gross profit (1 * fee * 2), meaning the account must gain 20% before the trader recups the fee net of split. iFunds works best for confident, disciplined traders who can accept tight drawdown limits in exchange for a higher profit share, or those with access to automated strategies that benefit from no daily DD restriction. The 2024 registration means the track record, while so far positive, is less than two years old.
Both AquaFunded and iFunds are evenly matched in our scoring. The right choice depends on specific features that matter most to you: pricing, profit split, platforms, or trading conditions.
Use our comparison table above and review the challenge fees at both firms before making your final decision. Both offer risk-free evaluation programs — the challenge fee is the only money at risk.
Based on our independent scoring, both firms score equally. The best choice depends on your trading style, preferred instruments, and account size.
Both firms have similar entry-level pricing. Compare the full fee schedule for your target account size.
iFunds offers the higher profit split. AquaFunded: 100%. iFunds: 50-80% (inversely linked to max DD chosen).
EA policies: AquaFunded — check the review. iFunds — check the review. Always verify the latest policy directly with the firm.
News trading: AquaFunded — check the review. iFunds — check the review.
Read the full AquaFunded review → · Read the full iFunds review →
Both AquaFunded and iFunds are strong prop firms. The right choice depends on your trading style, preferred platform and rules. Use the side-by-side table above to compare the key metrics.
AquaFunded offers 100% profit split, while iFunds offers 50-80% (inversely linked to max DD chosen) profit split. Check each firm's current terms as these can change.
Check our offers page for the latest verified deals on both firms.
AquaFunded processes first payouts in a variable timeframe, while iFunds takes approximately On demand day(s). Always verify current payout timelines on the firm's website.
Neither AquaFunded nor iFunds are regulated in the traditional financial sense — prop firms operate as private companies providing traders access to simulated or real capital. Always read the terms and conditions carefully before participating in any prop challenge.
