Prop firms · Forex & CFD
AquaFunded Review: Rules, Fees, Best and Worst
Score67/100D - CautionTrust 52/100 · rank 60 of 62
By Tanishq Sonawane · Last verified
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Radar profile
67/100
Overall score of the Flex- 1-Step 50K plan ($279 for $50K), eight axes weighted equally. Higher is better for the trader.
Figures below are for the AquaFunded - Flex- 1-Step 50K plan unless a row says otherwise.
| Challenge fee | $279 |
|---|---|
| Account size | $50K |
| Evaluation | 1-step, 2-step, instant funding |
| Profit target | 10% |
| Profit split | 90% |
| Max drawdown | 12% static (10% on accounts bought before 31 Aug 2026) |
| Daily loss limit | 3% of higher of EOD balance/ |
| Payout frequency | Bi-weekly (14 days) |
| Payout terms | Bi-weekly (14 days) - 14 days, 7 days with add-on |
| Scaling plan | Offered (up to $1M+, fast-track); terms not published |
| Account sizes offered | $2.5K-$400K |
| Fee range | $5-$1,865 |
| Platforms | cTrader, Match Trader, MT5, TradeLocker |
| Assets | crypto, indices, otherCommodities, metals, fx |
| Launched | December 2023 |
| Based in | United Arab Emirates |
| CEO | Lewis Morton (COO) |
Best
- Support replies within minutes
- Clean real-time dashboard
- Affordable, frequent discounts
- 90% split, upgradable to 100%
Worst / red flags
- 15% consistency rule when funded
- 2-minute minimum hold time
- Higher swaps for swing traders
- Isolated payout-denial disputes
Trust score
52.3/100
D - Caution · rank 60 of 62
Trustpilot
Rating unavailable
Trustpilot: rating unavailable due to a breach of its guidelines; fake reviews removed. 1,202 reviews
Source: TrustpilotAquaFunded is a forex/CFD prop firm founded in December 2023 and based in the United Arab Emirates. We track 60 of its challenges (1-step, 2-step, instant funding), with account sizes of $2.5K-$400K and list fees of $5-$1,865. Platforms: cTrader, Match Trader, MT5 and TradeLocker.
Verdict: Proceed with caution: weak or compromised trust signals.
Funded Flex accounts have a WaveStop rule: a floating loss of 1% cuts the split to 50% and then 25%, and a third strike ends the account.
All 60 challengesSize, list price, targets and limits for every plan
| Challenge | Size | Score | List price | Target | Max loss | Daily loss | Split | Payouts | Min days | Consistency |
|---|---|---|---|---|---|---|---|---|---|---|
| Pay Later - 1-Step 2.5K1-step · $44 activation | $2,500 | 49 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Flex- 1-Step 5K1-step | $5K | 60 | $60 | 10% | 12% static | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 5K1-step · $84 activation | $5K | 49 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Sea Horse Challenge - 1-Step Challenge - 1-Step 5K1-step | $5K | 51 | $53 | 9% | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Fish Challenge - 1-Step Challenge - 1-Step 10K1-step | $10K | 52 | $90 | 9% | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Flex- 1-Step 10K1-step | $10K | 61 | $100 | 10% | 12% static | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 10K1-step · $124 activation | $10K | 50 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Flex- 1-Step 25K1-step | $25K | 64 | $191 | 10% | 12% static | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 25K1-step · $264 activation | $25K | 51 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Ray Challenge - 1-Step Challenge - 1-Step 25K1-step | $25K | 57 | $181 | 9% | 8% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Dolphin Challenge - 1-Step Challenge - 1-Step 50K1-step | $50K | 57 | $261 | 9% | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Flex- 1-Step 50K1-step | $50K | 67 | $279 | 10% | 12% static | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 50K1-step · $394 activation | $50K | 53 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Flex- 1-Step 100K1-step | $100K | 69 | $447 | 10% | 12% static | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 100K1-step · $624 activation | $100K | 55 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Shark Challenge - 1-Step Challenge - 1-Step 100K1-step | $100K | 59 | $421 | 9% | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 150K1-step · $844 activation | $150K | 56 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Pay Later - 1-Step 200K1-step · $1,044 activation | $200K | 57 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Whale Challenge - 1-Step Challenge - 1-Step 200K1-step | $200K | 59 | $813 | 9% | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Pay Later - 1-Step 250K1-step · $1,294 activation | $250K | 57 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Pay Later - 1-Step 300K1-step · $1,794 activation | $300K | 56 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Pay Later - 1-Step 400K1-step · $2,394 activation | $400K | 56 | $5 | 3% | 5% balance trailing | 3% of higher of EOD balance/ | 90% | 14 days | – | Evaluation: None | Funded: 15% |
| Elite - 2-Steps - 5K2-step | $5K | 67 | $26 | 8% / | 10% static | 4% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Sea Horse Challenge - 2-Step Challenge - 2-Steps 5K2-step | $5K | 64 | $28 | 8% / | 8% static | 5% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Sea Horse Challenge - 2-Step Pro Challenge - 2-Steps 5K2-step | $5K | 63 | $20 | 10% / | 10% equity trailing | 5% of higher of EOD balance/ | 90% | 14 days | – | - 25% |
| Elite - 2-Steps - 10K2-step | $10K | 67 | $50 | 8% / | 10% static | 4% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Fish Challenge - 2-Step Challenge - 2-Steps 10K2-step | $10K | 62 | $71 | 8% / | 8% static | 5% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Fish Challenge - 2-Step Pro Challenge - 2-Steps 10K2-step | $10K | 63 | $39 | 10% / | 10% equity trailing | 5% of higher of EOD balance/ | 90% | 14 days | – | - 25% |
| Elite - 2-Steps - 25K2-step | $25K | 68 | $103 | 8% / | 10% static | 4% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Ray Challenge - 2-Step Challenge - 2-Steps 25K2-step | $25K | 65 | $111 | 8% / | 8% static | 5% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Ray Challenge - 2-Step Pro Challenge - 2-Steps 25K2-step | $25K | 64 | $71 | 10% / | 10% equity trailing | 5% of higher of EOD balance/ | 90% | 14 days | – | - 25% |
| Dolphin Challenge - 2-Step Challenge - 2-Steps 50K2-step | $50K | 65 | $239 | 8% / | 8% static | 5% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Dolphin Challenge - 2-Step Pro Challenge - 2-Steps 50K2-step | $50K | 64 | $143 | 10% / | 10% equity trailing | 5% of higher of EOD balance/ | 90% | 14 days | – | - 25% |
| Elite - 2-Steps - 50K2-step | $50K | 68 | $221.60 | 8% / | 10% static | 4% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Elite - 2-Steps - 100K2-step | $100K | 69 | $365 | 8% / | 10% static | 4% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Shark Challenge - 2-Step Challenge - 2-Steps 100K2-step | $100K | 66 | $375 | 8% / | 8% static | 5% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Shark Challenge - 2-Step Pro Challenge - 2-Steps 100K2-step | $100K | 64 | $279 | 10% / | 10% equity trailing | 5% of higher of EOD balance/ | 90% | 14 days | – | - 25% |
| Whale Challenge - 2-Step Challenge - 2-Steps 200K2-step | $200K | 66 | $757 | 8% / | 8% static | 5% of higher of EOD balance/ | 90% | 14 days | 3 | None listed |
| Whale Challenge - 2-Step Pro Challenge - 2-Steps 200K2-step | $200K | 64 | $559 | 10% / | 10% equity trailing | 5% of higher of EOD balance/ | 90% | 14 days | – | - 25% |
| Instant Funding - Pro - Instant 2.5Kinstant funding | $2,500 | 47 | $33 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 2.5Kinstant funding | $2,500 | 48 | $30 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Flex - 5Kinstant funding | $5K | 47 | $119 | None (instant) | 4% equity trailing | None | 90% | 14 days | 7 | None listed |
| Instant Funding - Pro - Instant 5Kinstant funding | $5K | 47 | $60 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 5Kinstant funding | $5K | 49 | $52 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Flex - 10Kinstant funding | $10K | 47 | $225 | None (instant) | 4% equity trailing | None | 90% | 14 days | 7 | None listed |
| Instant Funding - Pro - Instant 10Kinstant funding | $10K | 50 | $86 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 10Kinstant funding | $10K | 52 | $78 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Flex - 25Kinstant funding | $25K | 48 | $439 | None (instant) | 4% equity trailing | None | 90% | 14 days | 7 | None listed |
| Instant Funding - Pro - Instant 25Kinstant funding | $25K | 51 | $185 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 25Kinstant funding | $25K | 53 | $172 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Flex - 50Kinstant funding | $50K | 48 | $625 | None (instant) | 4% equity trailing | None | 90% | 14 days | 7 | None listed |
| Instant Funding - Pro - Instant 50Kinstant funding | $50K | 53 | $305 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 50Kinstant funding | $50K | 55 | $278 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Flex - 100Kinstant funding | $100K | 50 | $999 | None (instant) | 4% equity trailing | None | 90% | 14 days | 7 | None listed |
| Instant Funding - Pro - Instant 100Kinstant funding | $100K | 54 | $560 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 100Kinstant funding | $100K | 56 | $505 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Funding - Pro - Instant 200Kinstant funding | $200K | 55 | $905 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Standard - Instant 200Kinstant funding | $200K | 57 | $852 | None (instant) | 5% balance trailing | 3% | 90% | 14 days | 5 | Yes, 15% |
| Instant Funding - Pro - Instant 300Kinstant funding | $300K | 55 | $1,465 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
| Instant Funding - Pro - Instant 400Kinstant funding | $400K | 55 | $1,865 | None (instant) | 6% equity trailing | 3% of higher of EOD balance/ | 90% | 14 days | 5 | Yes, 20% |
Data checked 9 October 2026. Prop firms change their rules often, so confirm on the firm's own site before you buy.