Forex ⚠ 1 warningEst. 2023

HQ United Arab Emirates

AquaFunded Review 2026

AquaFunded is a UAE-based forex prop firm, selling challenges for 2 years, rated 3.8/5 by our formula (#46 of 90) and 2.2/5 on Trustpilot from 1,201 reviews. It is best for skipping the evaluation with an instant account and budget buyers (cheaper per $10K than 91% of forex firms); skip it if you live in Kenya and Vietnam. We list 1 warning about it below.

By Marcus Chen, lead prop firm analyst · Rules and prices checked September 29, 2026 · How we review

Our score

3.8 / 5

Rank #46 of 90 · Trustpilot 2.2 (1,201)

Trader reviews: 25
Price per $10K: 83
Rules & drawdown: 57
Payouts & split: 82
Track record: 47
Platforms & programs: 100

Best for skipping the evaluation with an instant account; budget buyers (cheaper per $10K than 91% of forex firms).

Skip if you live in Kenya and Vietnam.

Visit AquaFunded ↗

From

one-time

Account sizes

$3K–$400K

60 accounts

Split up to

90%

Instant, 1-Step, 2-Step

Payouts

Bi-weekly

Crypto, Riseworks

⚠ Warnings we found

Trustpilot shows a warning that it detected and removed fake reviews on this company's profile (checked 2026-09-29)

Listed as found on September 29, 2026. These are facts from public sources, not a legal finding. Firms with open warnings are excluded from our beginner and most-established lists.

Score breakdown

Overall 3.8/5 = 2 + 3 × weighted average of the six criteria. See the methodology.

AquaFunded scores highest on platforms & programs and price per $10k, and lowest on trader reviews.

It ranks #46 of the 90 firms we track and #27 of 55 forex firms.

Price vs the forex market

Median price per $10K of funding for each forex firm (grey) and AquaFunded (gold).

AquaFunded's median price per $10K of funding is $48.31, cheaper than 91% of forex firms. The cheapest single account costs $5, plus an activation fee of up to $2,394 when you pass.

AquaFunded challenges and prices

Price by account size

Cheapest price per account size, by program type.

$100K 2-Step: targets and limits

Green: profit target per phase. Red: maximum loss. Dashed: daily loss limit. Drawn to scale.

Account	Program	Price	Target	Daily	Max	Drawdown	Split
$3K	1-StepPay Later - 1-Step 2.5K	$5	3%	3%	5%	Trailing (balance)	90%
$3K	InstantInstant Funding - Standard - Instant 2	$30	None	3%	5%	Trailing (balance)	90%
$3K	InstantInstant Funding - Pro - Instant 2.5K	$33	None	3%	6%	Trailing (equity)	90%
$5K	1-StepPay Later - 1-Step 5K	$5	3%	3%	5%	Trailing (balance)	90%
$5K	2-StepSea Horse Challenge - 2-Step Pro Chall	$20	10% / 5%	5%	10%	Trailing (equity)	90%
$5K	2-StepElite - 2-Steps	$26	8% / 5%	4%	10%	Static	90%
$5K	2-StepSea Horse Challenge - 2-Step Challenge	$28	8% / 5%	5%	8%	Static	90%
$5K	InstantInstant Funding - Standard - Instant 5	$52	None	3%	5%	Trailing (balance)	90%
$5K	1-StepSea Horse Challenge - 1-Step Challenge	$53	9%	3%	6%	Trailing (equity)	90%
$5K	1-StepFlex- 1-Step 5K	$60	10%	3%	12%	Static	90%

Showing 10 of 60 accounts.

AquaFunded rules

Daily loss limit: 3–5%
Maximum loss: 4–12%
Drawdown model: Static, Trailing (balance) and Trailing (equity)
Profit target (phase 1): 3–10%
Minimum trading days: 3–7
Consistency rule: Applies
Profit split: 90%
Payout frequency: from bi-weekly
Activation fee: up to $2,394

Across its 60 accounts, AquaFunded uses static, trailing (balance), trailing (equity) drawdown. 27% of accounts have a static maximum loss. The shortest minimum-trading-days requirement is 3.

Rules are taken from the firm's published terms and change often. Always confirm on the firm's site before buying.

Asset	Instant	1-Step	2-Step
Crypto	2	2	2
Indices	10	20	20
Other commodities	10	20	20
Metals	10	20	20
FX	50	100	100

Maximum leverage by asset and program.

Asset	Commission
Other commodities	$$5 per lot
Metals	$$5 per lot
FX	$$5 per lot

AquaFunded rules explained: every account, drawdown model, permissions and payout rules →

Payouts and payments

Pay for a challenge

Apple PayCredit/Debit CardCrypto

Receive payouts

CryptoRiseworks

Payout cycle

Requests from bi-weekly; split up to 90%.

Verified payout data from traders will appear here once our payout tracker launches.

Where AquaFunded is available

AquaFunded restricts 17 countries. Of the 20 markets we cover in detail, it accepts traders from 18 and blocks Kenya, Vietnam.

Kenya ✕

Vietnam ✕

All restricted countries (17)

Albania

Algeria

Belarus

Crimea (Region of Ukraine)

Cuba

Iran

Kenya

Myanmar (Burma)

North Korea

Regions of Ukraine: Crimea, Donetsk, and Luhansk

Russia

Senegal

South Sudan

Sudan

Syria

Venezuela

Vietnam

Platforms and markets

Platforms

cTraderMatch TraderMT5TradeLocker

Markets

CryptoIndicesMetalsCFD

What traders say about AquaFunded: real reviews and rating

Trustpilot warning: Trustpilot says it detected and removed fake reviews on AquaFunded's profile and may hide its TrustScore. Treat the numbers below with caution; our score gives this rating half its usual weight.

Trustpilot rating

2.2/5

1,201 reviews · 439 in the last 12 months

Read reviews on Trustpilot ↗

How the stars split

5★

48%

4★

3★

2★

1★

38%

How AquaFunded handles feedback

Replies to negative reviews: 70.5% of 292
Average reply time: 20.1 days
Profile claimed: Nov 2023
Invites customers to review: Yes

48% of AquaFunded's Trustpilot reviews are 5-star and 38% are 1-star. That is a high share of 1-star reviews for a prop firm; read the most recent ones, which usually concern payouts or account breaches. The company invites customers to leave reviews, which tends to lift the share of 5-star ratings.

Snapshot of the public Trustpilot page on 2026-09-29. We show ratings only, not review texts. Verified reviews from traders on this site are coming soon.

Pros and cons

Pros

Profit split up to 90%
3 program types (Instant, 1-Step, 2-Step)
4 platforms incl. cTrader and Match Trader

Cons

Payouts only every 14 days
Activation fee up to $2,394 after passing

AquaFunded alternatives

FundedElite

score 4.0 · from $5 · $56.90/$10K

Trader reviews

No verified reviews yet. Reviews on this site require proof of purchase or payout. Submit yours.

How we reviewed AquaFunded

Prices, rules and account data come from AquaFunded's pricing pages and terms, cross-checked with aggregated public comparison data. Trader ratings come from a public Trustpilot snapshot taken on September 29, 2026. Scores are calculated with the formula on our methodology page; affiliate commissions do not change them.

AquaFunded FAQ

Is AquaFunded legit?

AquaFunded is based in United Arab Emirates and has been selling challenges for about 2 years. It is rated 2.2/5 on Trustpilot from 1,201 reviews. We list 1 warning about it on this page; read them before buying.

Does AquaFunded pay out, and how fast?

AquaFunded's rules allow payout requests every two weeks on its fastest accounts, with a profit split of up to 90%. Payout methods: Crypto and Riseworks. We do not verify individual payouts; the trader reviews section shows what customers report.

Who owns AquaFunded?

Its CEO is Lewis Morton (COO).

Can US traders use AquaFunded?

Yes. The United States is not on AquaFunded's restricted-country list in our data.

How much is a $100K account at AquaFunded?

$279 for the 2-Step, $5 for the 1-Step plus $624 after passing and $505 for the Instant, at list price without promo codes.

What is the daily loss limit at AquaFunded?

3–5% of the account, depending on the program; the maximum loss is 4–12% (static, trailing (balance) and trailing (equity)).

Does AquaFunded have a consistency rule?

Yes, on 17 of its 60 accounts: the best day may not exceed 15–50% of total profit.

Data last checked September 29, 2026. Source: firm pricing pages and terms, public review platforms and aggregated public comparison data (Sep 2026). Found an error? Tell us.