AEIntroduction to 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.
Who Is AquaFunded For?
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.
Challenge Programs
- One Step Challenge ($2.5K-$400K): Single-phase evaluation. Profit targets 6-9% depending on account size. Daily drawdown 3-5%. Max drawdown 6-8%. 100% profit split. Bi-weekly payouts. One-time fee, 100% refundable on first payout. Leverage up to 1:100.
- Two Step Challenge ($2.5K-$400K): Phase 1 target 8-10%. Phase 2 target 5%. Daily drawdown 5%. Max drawdown 8-10%. 100% split. Fee refundable on first payout.
- Three Step Challenge ($2.5K-$400K): Three phases, 6% target per phase. Daily drawdown 4%. Max drawdown 8%. 100% split. Lowest per-phase target of all programmes, suited to traders who prefer incremental milestones.
- Aqua Trader – Instant Funding ($2.5K-$250K): No evaluation, no profit target. Daily drawdown: none to 3% depending on account size. Max drawdown: $2,000-$3,000 (dollar-based). 100% profit split. On-demand payouts. Leverage 1:50-1:100.
- Whale Challenge ($100K): Limited availability. Specific terms apply – check the live site for current conditions.
Trading Rules and Platforms
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.
Payouts
- Challenge accounts: Bi-weekly, fee 100% refundable on first payout
- Aqua Trader instant: On-demand from day one
- Split: 100% across all programmes
- Methods: Crypto, Rise
- Total paid: $7M+ | Average: $2,450 | Highest single payout: $119,175
Our Verdict
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.
