AquaFunded is a CFD prop firm run by Aqua Funded FZCO, trading as AquaFunded, in the United Arab Emirates. It sells instant funded accounts and evaluation programs on forex, indices, metals, commodities and crypto. Its rules change a lot from one model to the next. On several models, a cap on combined floating loss, an automatic trade closer and consistency thresholds before payouts matter more than the fee or the headline loss limits.
Who operates AquaFunded
The firm was established in December 2023 and is based in the UAE. Jason Blax is named as CEO, and Purple Trading Seychelles is the broker partner for execution. Like other CFD prop firms, AquaFunded gives traders simulated accounts and pays out a share of the profits they make. It is not a regulated investment firm holding client money.
Traders can use Match-Trader, TradeLocker, MetaTrader 5, cTrader and TradingView. Payouts are made through Rise, cryptocurrency or bank transfer. Traders in Crimea, Donetsk and Luhansk cannot sign up.
Programs and costs
AquaFunded sells several distinct models, each with its own rulebook:
- Instant Funding Standard: the firm’s lowest-cost instant model, starting from $23, with sizes up to $400K. It has a 3% daily loss, 5% maximum loss and a 15% consistency rule.
- Instant Funding Pro: an instant model with a 6% maximum loss, a profit split of up to 100%, payouts on demand and sizes from $2.5K to $400K. Its consistency threshold depends on purchase date (see the consistency rule below).
- Instant Flex: an instant model with a tight floating-loss cap and a per-cycle profit cap (both covered below).
- AquaMan: shares the 2% per-trade floating-loss rule with Instant Pro.
- 2-Step Pro and Pay Later: evaluation-based routes. Pay Later funded accounts carry a consistency requirement.
Leverage terms also cover 1-Step and 2-Step evaluations.
The $100K CFDs Model Flex is an instant account with a $3,000 daily loss (3% of the starting balance) and a $6,000 maximum loss (6%). Other terms:
- 90% profit split
- 20% consistency rule
- 5 minimum trading days
- No time limit
- Bi-weekly payouts
Its list price is $560, or $420 with a 25% discount code, paid as a one-time fee. No profit target applies, which fits an instant model.
The minimum trading days and the absence of a time limit apply firm-wide, so five trading days is a floor on activity, not a deadline.
Loss limits and the per-trade floating loss rules
Every account has a daily loss and an overall maximum loss. On top of these, several models limit the combined floating loss across all open positions. These caps are much tighter than the headline limits, so they shape position sizing more than anything else.
| Model | Floating loss cap | What happens on a breach |
|---|---|---|
| Instant Funding Pro, AquaMan | 2% of account balance (1% on $300K and $400K accounts) | Account permanently closed |
| Instant Funding Standard (funded accounts only) | 1% of account balance | 1st strike: split cut to 50%. 2nd strike: split cut to 25%. 3rd strike: permanent breach |
| Instant Flex | 1% of initial account balance | Immediate, permanent closure |
The base for each cap matters.
- Instant Pro and AquaMan measure the cap against the account balance. On these models, a basket of open trades in a combined loss of 2% ends the account, even if the daily loss limit is still far away.
- Instant Flex measures the cap against the initial balance and counts the combined loss of all positions, not each trade on its own. Here is a hypothetical example: on a $100K Instant Flex account, three open trades each down $350 add up to $1,050. That is more than 1% of $100,000, so the account is breached, even though no single trade lost more than $1,000.
Wave Stop on funded accounts
Wave Stop applies only to funded accounts. If your open trades reach a 2% loss of the account balance, it is designed to close all open trades across all symbols. The firm says it does this “in most cases,” so it is not presented as a guarantee. A Wave Stop closure is a soft breach: you can keep trading immediately with no further restriction.
On Instant Pro and AquaMan, a 2% floating loss is also the hard breach level, so if Wave Stop fails to close the positions, the account can be breached. One recent Trustpilot reviewer describes a funded account terminated after what they call a communication failure in the Wave Stop system. That is a single report.
The consistency rule
Consistency rules limit how much of your profit can come from one trading day. Under AquaFunded’s version, you cannot request a payout until your highest-profit day falls below the set percentage of total profits made on that account in the current period.
Here is a hypothetical example at the 20% threshold. Total profit for the period is $2,000, and your best day made $600. The best day is 30% of the total, so you cannot request a payout yet. Two ways to become eligible:
- Keep trading until total profit passes $3,000, assuming the best day stays at $600.
- Have the best day fall below $400 of a $2,000 total.
The rule does not breach the account. It delays the payout.
Thresholds vary by model: 15% on Instant Funding Standard and 20% on the $100K Flex model. Consistency requirements apply to Instant Funding Standard, Instant Funding Pro, 2-Step Pro and Pay Later funded accounts. At a 15% threshold you need at least seven profitable days of similar size before a payout. Two points are unclear. On Instant Pro the threshold is 15% or 20% depending on purchase date, because a promotion raised it on new accounts. The firm’s rule summaries also mention a 50% threshold without attaching it to a specific model, so confirm which threshold applies to your account before buying.
Leverage
Leverage depends on the account stage. Funded and instant accounts get half the forex leverage of the evaluation phases.
| Asset | Evaluation phases | Funded stage | Instant funding accounts |
|---|---|---|---|
| Forex | 1:100 | 1:50 | 1:50 |
| Indices | 1:20 | 1:10 | 1:10 |
| Commodities | 1:20 | 1:10 | 1:10 |
| Crypto | 1:2 | 1:2 | 1:2 |
Metals get 1:20 in the 1-Step and 2-Step evaluations and 1:10 on instant accounts. With crypto at 1:2 across every stage, traders who mainly trade crypto CFDs will tie up a lot of margin per position.
The leverage drop also affects the margin rule. A single trade or position may not use more than 80% of available margin. This counts as a violation whether the trade wins or loses. At 1:50 on forex, a position size that fit comfortably during an evaluation can come close to that limit on the funded account.
Trading permissions and prohibited practices
Allowed:
- Expert advisors, as long as they are part of your own trading strategy.
- Weekend holding.
- Copy trading between your own AquaFunded accounts, from funded to evaluation accounts and the other way round, and between an AquaFunded account and your external accounts. A partnership with Prop Firm One lets traders copy trades across accounts at different prop firms from one platform.
- News trading on all models, with no news restriction on evaluation programs. Profits on trades opened or closed within 5 minutes before or after high-impact news are capped at 0.5% of the starting balance per cycle.
Prohibited:
- Execution exploits: high-frequency trading, tick scalping, latency arbitrage, hedge arbitrage, arbitrage including reverse arbitrage, any strategy built to exploit pricing or execution delays, and platform or data abuse.
- Multi-account and multi-person coordination: hedging between multiple accounts, copy trading from other traders’ accounts, shared devices used to mirror trades, and coordinated trading that compromises individual account integrity.
- All-or-nothing trading: positions sized so that one outcome passes or ends the account.
The copy trading permission covers only your own accounts. Mirroring a signal provider’s or a friend’s trades falls under the prohibited list.
Inactivity: accounts are deactivated after 30 days with no trading, and a deactivated account cannot be restored. This applies to all accounts, including evaluations you have paused.
Payouts
Payout terms depend on the model:
| Term | What applies |
|---|---|
| Frequency | Every 14 days on bi-weekly accounts. Instant Funding Standard and Instant Pro are marketed with payouts on demand once you are eligible |
| Minimum withdrawal | $100 |
| Profit split | 90% on the $100K Flex model. Up to 100% on other models, including Instant Pro |
| Processing time | 24 hours (firm-reported) |
| Method | Digital currencies only |
Two caps limit how much you can withdraw early on:
- Accounts of $100K or larger: the first two reward requests are capped at $10,000 each. After that, there is no withdrawal limit.
- Instant Flex: profit per reward cycle is capped at 5% of the initial account balance. On a $100K Instant Flex account, that is at most $5,000 per cycle, whatever the account actually earned.
AquaFunded reports paying out more than $10,000,000 in total. Among the 50 firms on our payout tracker that publish a total, that figure ranks 37th. It is self-reported and has not been independently verified.
Reputation signals
AquaFunded had 1,215 Trustpilot reviews when we checked on 13 November 2026. The distribution is split sharply:
- 561 five-star reviews
- 97 four-star
- 28 three-star
- 33 two-star
- 491 one-star
Very few reviewers land in the middle.
Strengths and trade-offs
Where AquaFunded stands out:
- Wide choice of models: instant accounts at a very low entry fee, larger instant accounts up to $400K, and evaluation routes.
- Five platforms, including cTrader, MT5 and TradingView.
- No time limit, plus weekend holding, EAs and news trading allowed.
- Flexible copy trading across your own accounts, including external ones.
- Payout terms: on-demand payouts on some instant models, and splits up to 100% on some models.
What you give up:
- Strict floating-loss caps of 1% or 2% of the account, with a permanent breach on three models.
- Lower leverage once funded. Forex leverage halves from 1:100 to 1:50.
- Fragmented rules. Consistency thresholds differ by model and by purchase date.
- Early withdrawal caps on larger accounts and on Instant Flex.
- Crypto-only payouts.
- Irreversible deactivation after 30 days without trading.
How we checked AquaFunded
On 13 November 2026 we visited aquafunded.com from Tallinn, Estonia. We opened the home page and scrolled to the footer. From there we read the refund policy, privacy policy, terms and conditions, the About page, the trader plan, the forex funded account page, the forex rules, the rewards page and the help center. We also clicked “Get Funded.” That took us straight to a checkout page titled “Details & Payment” with prices listed. As far as we could see, it did not ask us to create an account first. We did not buy anything.
The prices matched the marketing. On the home page the $100K CFDs Flex account showed $560 marked down to $420, a one-time fee labeled 100% refundable. According to the refund policy, that refund comes only upon the trader’s fourth successful profit split payment. On the forex rules page, the 2-Step Challenge targets are 8% and 5%, with a 4% daily loss and an 8% static maximum drawdown. Payouts go through Rise, cryptocurrency or bank transfer, per the rewards page. At checkout a promotion read “25% OFF + 150% Refund Limited Time Code: HONOR”.
The operator is less clear. The footer names AquaFunded LTD, a Saint Lucia Corporation, with company number 2004-00597, at an address in Rodney Bay, Gros-Islet. The trader plan page names a different company, Aqua Funded FZCO, at IFZA Business Park in Dubai Silicon Oasis. We did not run a register check, because none of the registers we can query covers that company number. We saw no risk warning on the pages we opened.
On 13 November 2026 Trustpilot showed AquaFunded at 2/5 from 1,215 reviews, with 46% five-star and 41% one-star ratings. The domain was registered on 2023-09-13. Its earliest Wayback Machine capture is dated 2024-01-08. We could not confirm the self-reported total of $10,000,000+ in rewards. We also could not tell which of the two named companies actually contracts with traders.
Who it may suit
The rules favor traders who size positions small and spread profits across many days. A trader who rarely has more than 1% of the account at open risk, and whose results don’t depend on a few big days, can work inside the floating-loss caps and the consistency rule. Algorithmic traders and those running copy setups across their own accounts get more freedom here than the strict loss rules might suggest.
AquaFunded is a poor fit for traders who hold several correlated positions through drawdowns, or who build into losing trades. The combined floating-loss rules are written to catch exactly that, and on most models the result is a closed account, not a warning. Traders who need high crypto leverage should look elsewhere.
Alternatives
| Provider | Score | Fee | Split | Payouts | |
|---|---|---|---|---|---|
| 5.6/10 | $189 | — | 5 Days | Review | |
| 7.2/10 | $144 | 90% | 6 winning days of $250 each day | With Consistency Rule Met | Review | |
| 6.1/10 | $399 | — | — | Review |