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Prop firm review

AquaFunded

2.8/ 5 on Trustpilot· 1,442 reviews
88/100

Challenges from

$17

$5,000 account

AquaFunded is a CFD firm (founded 2023, UAE) on MT5, cTrader and TradeLocker, with a 90% split and very cheap entry from $17. Its Two-Step accounts use a static max loss; the One-Step and Instant Funding accounts trail — so pick Two-Step for a fixed line. Code e9m takes 50% off for new customers. Trust 88, 4.4★. Compare the plans below and confirm the live rules before buying.

Good to know before you buy

  • Drawdown — The Two-Step accounts use a static max loss; One-Step and Instant Funding trail. Pick Two-Step to avoid trailing.
  • Consistency rule — A daily consistency rule applies per plan — one day can't exceed 15–25% of total profit, depending on the program.

Founded

2023

Steps

1/2/3-step, Instant

Profit target

3% / 6%

Profit split

up to 90%

Daily DD

5%

Max DD

10%

Pros

  • Clear breakdown of pricing, drawdown and payout rules
  • Multiple account sizes available
  • Links to the firm’s official site

Cons

  • Always confirm current rules on the firm’s official site
  • The One-Step and Instant Funding accounts trail — pick Two-Step for static
  • Younger firm (founded 2023)
  • The 50%-off code is new-customers-only

Challenge programs & pricing

Instant (Shark Funding) — Standard

Instant
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$2,500$64$38-40%
$5,000$117$70-40%
$10,000$158$94-40%
$25,000$317$190-40%
$50,000$475$285-40%
$100,000$767$460-40%
$200,000$1,265$759-40%
$250,000$1,560$936-40%
$300,000$1,810$1,086-40%

Normal prices from aquafunded.com (MT5/MatchTrade/TradeLocker; cTrader +$15).

Instant (Shark Funding) — PRO

Instant
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$2,500$60$36-40%
$5,000$102$61-40%
$10,000$155$93-40%
$25,000$310$186-40%
$50,000$465$279-40%
$100,000$750$450-40%
$150,000$980$588-40%
$200,000$1,250$750-40%
$250,000$1,540$924-40%
$300,000$2,099$1,259-40%
$400,000$2,699$1,619-40%

Normal prices from aquafunded.com (MT5/MatchTrade/TradeLocker; cTrader +$15).

One Step — Standard

1 Step
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$5,000$67$40-40%
$10,000$113$67-40%
$25,000$227$136-40%
$50,000$327$196-40%
$100,000$527$316-40%
$200,000$1,017$610-40%

Normal prices from aquafunded.com (cTrader +$15).

One Step — PRO

1 Step
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$5,000$59$35-40%
$10,000$99$59-40%
$25,000$199$119-40%
$50,000$289$173-40%
$100,000$459$275-40%
$200,000$899$539-40%

Normal prices from aquafunded.com (cTrader +$15).

Two Step — Standard

2 Steps
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$5,000$36$21-40%
$10,000$89$53-40%
$25,000$139$83-40%
$50,000$299$179-40%
$100,000$469$281-40%

Normal prices from aquafunded.com (cTrader +$15).

Two Step — PRO

2 Steps
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$5,000$29$17-40%
$10,000$63$37-40%
$25,000$104$62-40%
$50,000$215$129-40%
$100,000$429$257-40%

Normal prices from aquafunded.com (cTrader +$15).

Two Step — Elite

2 Steps
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$5,000$33$19-40%
$10,000$63$37-40%
$25,000$146$87-40%
$50,000$277$166-40%
$100,000$457$274-40%

Normal prices from aquafunded.com (cTrader +$15).

Three Step

3 Steps
Drawdown
unknown
News trading
unknown
AccountPriceWith discount
$10,000$77$46-40%
$25,000$157$94-40%
$50,000$237$142-40%
$100,000$377$226-40%
$200,000$677$406-40%

Normal prices from aquafunded.com (cTrader +$15).

Key firm rules

News trading
Allowed across all models, with limits on profit from trades opened/closed within 5 minutes of high-impact news; unrestricted during evaluation.
Wave Stop
If open trades hit a 2% loss of balance they auto-close; the first breach drops your split to 50%, the second breaches the account.
Margin limit
You can't use more than 80% of available margin on a single trade.
Copy trading
Allowed between your own accounts (including funded↔evaluation and external accounts).
Inactivity
Accounts deactivate after 30 days and can't be restored.
Other
No all-or-nothing trading and no switching strategy between evaluation and funded.

Payout & scaling

Payout frequency
Every 14 days, minimum withdrawal $100.
Daily consistency
A 15–25% daily consistency rule applies before payout, depending on the plan.

Company & payments

CEO
Lewis Morton (COO)
Headquarters
United Arab Emirates
Founded
December 2023
Broker / liquidity
Institutional liquidity provider
Tradable assets
Forex, Metals, Indices, Crypto, Commodities
Payment methods
Card, Crypto, Apple Pay, Korapay
Payout methods
Crypto, Riseworks
Restricted countries (16)

Albania, Algeria, Belarus, Crimea, Cuba, Iran, Kenya, Myanmar (Burma), North Korea, Russia, Senegal, South Sudan, Sudan, Syria, Venezuela, Vietnam.

AquaFunded FAQ

How much does a AquaFunded challenge cost?

The cheapest AquaFunded evaluation we track is $17 for a $5,000 account. Larger account sizes cost more — the full price table on this page lists every size we verified (last checked 2026-06-26).

What profit split does AquaFunded pay?

Up to 90% of profits go to the trader, with payouts 14 days.

What are AquaFunded's drawdown rules?

Maximum drawdown is 10% and the daily loss limit is 5%.

Does AquaFunded use a trailing or static drawdown?

The Two-Step accounts use a static max loss; One-Step and Instant Funding trail. Pick Two-Step to avoid trailing.

Does AquaFunded have a consistency rule?

Yes. A daily consistency rule applies per plan — one day can't exceed 15–25% of total profit, depending on the program.

Does AquaFunded allow news trading?

Yes, news trading is allowed (last checked 2026-06-26).

Is AquaFunded legit?

AquaFunded has operated since 2023, is based in United Arab Emirates. We track its pricing and rules against official sources (status: partially verified (last checked 2026-06-26)). As with any prop firm: only pay a fee you can afford to lose, and verify the current rules on the firm's own site.

Is there a AquaFunded discount code?

Yes — we keep the current AquaFunded offer and any working code on our AquaFunded discount page, updated with verified pricing. View the AquaFunded offer →

From

$17