AquaFunded Review (2026) – Rules, Fees, Payouts & Profit Split Explained | PropTradingArea

Aqua Funded

4.0 (167 reviews) Forex Trust: 4.0/5 Updated

Aqua Funded offers up to $4 million in funding, which sounds impressive until you start reading the T&Cs. And then read them again. The number on the homepage is real. The path to it is longer than the homepage suggests.

CEO Jason Blax
🇦🇪 United Arab Emirates 3 years in business
Visit Website
Hidden Rules Meter Free sign up to unlock
HIDDEN RULES METER
3.1 / 10
Moderate Risk
  • Flexible trading rules, but bad long-term reputation.
  • Some conditions may vary depending on account type.
  • Payout consistency should be monitored over time.
Overall Pass Rate Free sign up to unlock
OVERALL PASS RATE
16.3 %

Traders who pass this firm’s challenges

Industry Avg: 18%

Trust Score
4.0/5
Excellent
Based on 167 reviews
Trader Feedback
Mixed
Based on 167 reviews
Most Reported Issue
Gap Between Homepage Rules & Full T&C
Wave Stop mechanics and per-trade loss limits are in the full agreement rather than challenge pages — worth reading before committing capital
(12% of complaints)
Most Praised
Copy Trading Flexibility
Copy trading allowed between own accounts and external accounts — more permissive than most firms at this price point
Community Sentiment
Mixed
Last 90 days

Who Is This Firm For?

Beginners Wave Stop permanently halves split on first trigger — per-trade closure with no warning or appeal
Experienced Traders Copy trading to external accounts allowed, news trading free during evaluation, multiple models
Swing Traders 30-day inactivity permanently deactivates account — no restoration possible
EA Traders No specific EA restrictions — strategy consistency rule means switching tools after passing is violation
News Traders Fully allowed during evaluation with no restrictions — funded accounts restricted 5 min before/after

About Aqua Funded

Aqua Funded launched in 2023 with a product lineup that covers more ground than the homepage suggests. Multiple account models — Instant Funding, AquaMan, and Pay After Pass — give traders options depending on how they want to approach the evaluation process, and the copy trading permissions are more flexible than most firms at this price point.
The rules are structured around risk consistency rather than arbitrary restrictions. The Wave Stop system gives two warnings before termination, the margin limit is clearly defined at 80%, and the strategy consistency rule is front-loaded enough to know about before you start.
Founded
2023
Max Allocation
$200,000
Leverage
1:100
Commissions
$3/lot

Pros

  • - Copy trading allowed between own accounts and external accounts
  • - News trading fully allowed during evaluation
  • - Multiple models: Instant Funding, AquaMan, Pay After Pass
  • - Wave Stop gives two warnings before termination
  • - 80% margin limit clearly defined — no ambiguity

Cons

  • - Wave Stop first trigger permanently halves profit split
  • - Per-trade 2% floating breach = permanent closure, no warning, no appeal
  • - Key rules in full T&C rather than challenge pages — requires careful reading
  • - Strategy must match evaluation — switching after passing is violation
Community Sentiment Trend
Mixed
Last 90 days

Works when it works

3.2
Been through a challenge reset and a payout cycle with them. Community feedback about them online is genuinely split, which matches my experience. Leaving without strong feelings in either direction.
— Verified Trader (camila h.) See all reviews
Trader Tip

Monitor your total floating loss across all open positions — Wave Stop triggers at 2% combined, not per trade. The per-trade 2% rule is separate and closes the account permanently on breach with no appeal. Read the full T&C and Funded Agreement before purchasing — the Wave Stop mechanics and per-trade limits are not front-loaded on the main challenge pages. Copy trading to external accounts is explicitly allowed — one of the more permissive policies in this category.

Trading Conditions

Drawdown System

  • Wave Stop trigger: 2% floating loss across all open trades — funded accounts only
  • First Wave Stop: profit split reduced to 50% permanently
  • Second Wave Stop: account terminated
  • Max floating loss per trade: 2% — drops to 1% on $300K and $400K accounts
  • Per-trade breach: permanent account closure, no warning, no appeal
  • Max margin per trade: 80%
  • 30-day inactivity: permanent deactivation, cannot be restored

High-Frequency & Fast Trading

  • Not Allowed:
  • All-or-nothing and high-risk strategies
  • Excessive cumulative risk across overlapping trades
  • Copying trades from other traders
  • Strategy switching between evaluation and funded stage

Low Liquidity & Timing

  • Evaluation accounts: news trading fully allowed
  • Funded accounts: restricted 5 minutes before/after high-impact news
  • Wave Stop applies to funded accounts only
  • Excessive risk per trade and cumulative risk: prohibited

Loss-Chasing & Gambling

  • Not Allowed:
  • All-or-nothing strategies
  • Excessive risk per trade — enforced at discretion
  • Excessive cumulative risk across overlapping trades
  • Copying trades from other traders

Risk Management

  • Copy trading: own accounts + external allowed — copying from others prohibited
  • Strategy consistency: same approach required from evaluation to funded
  • Wave Stop: automatic position closure at 2% floating — funded accounts only
  • Per-trade loss limit: 2% (1% on $300K-$400K) — breach = permanent closure

Features & Support

PLATFORMS
cTrader · Match-Trader · MetaTrader 5 · TradeLocker
ALLOWS
EA · News · Weekend Holding
BROKERS
Institutional Liquidity Provider
ASSET CLASSES
Crypto · Forex · Indices · Metals
PAYMENT METHODS
Crypto (Bitcoin) · Crypto (USDT) · Debit Card
PAYOUT METHODS
Crypto (Bitcoin) · Crypto (USDT)

Instant Funding PRO

Price
$2,699.00 $1,619.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

Instant Funding Standard

Price
$1,810.00 $1,086.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$2,099.00 $1,259.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

Instant Funding Standard

Price
$1,560.00 $936.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$1,540.00 $924.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

Instant Funding Standard

Price
$1,265.00 $759.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$1,250.00 $750.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step Standard

Price
$1,017.00 $610.00
Profit Target
Step 1
9.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step PRO

Price
$899.00 $539.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

2-Step Standard

Price
$947.00 $568.00
Profit Target
Step 1
8.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 8.0%
View Details

2-Step PRO

Price
$822.00 $493.00
Profit Target
Step 1
10.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 10.0%
View Details

3-Step

Price
$677.00 $406.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
6.0%
Steps 3
Profit Split 100%
Daily DD 4.0%
Max DD 8.0%
View Details

Instant Funding PRO

Price
$980.00 $588.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

Instant Funding Standard

Price
$767.00 $460.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$750.00 $450.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step Standard

Price
$527.00 $316.00
Profit Target
Step 1
9.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step PRO

Price
$459.00 $275.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

2-Step Standard

Price
$469.00 $281.00
Profit Target
Step 1
8.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 8.0%
View Details

2-Step PRO

Price
$429.00 $257.00
Profit Target
Step 1
10.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 10.0%
View Details

3-Step

Price
$377.00 $226.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
6.0%
Steps 3
Profit Split 100%
Daily DD 4.0%
Max DD 8.0%
View Details

Instant Funding Standard

Price
$475.00 $285.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$465.00 $279.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step Standard

Price
$327.00 $196.00
Profit Target
Step 1
9.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step PRO

Price
$289.00 $173.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

2-Step Standard

Price
$299.00 $179.00
Profit Target
Step 1
8.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 8.0%
View Details

2-Step PRO

Price
$215.00 $129.00
Profit Target
Step 1
10.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 10.0%
View Details

3-Step

Price
$237.00 $142.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
6.0%
Steps 3
Profit Split 100%
Daily DD 4.0%
Max DD 8.0%
View Details

Instant Funding Standard

Price
$317.00 $190.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$310.00 $186.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step Standard

Price
$227.00 $136.00
Profit Target
Step 1
9.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step PRO

Price
$199.00 $119.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

2-Step Standard

Price
$139.00 $83.00
Profit Target
Step 1
8.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 8.0%
View Details

2-Step PRO

Price
$104.00 $62.00
Profit Target
Step 1
10.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 10.0%
View Details

3-Step

Price
$157.00 $94.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
6.0%
Steps 3
Profit Split 100%
Daily DD 4.0%
Max DD 8.0%
View Details

Instant Funding Standard

Price
$158.00 $94.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$155.00 $93.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step Standard

Price
$113.00 $67.00
Profit Target
Step 1
9.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step PRO

Price
$99.00 $59.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

2-Step Standard

Price
$89.00 $53.00
Profit Target
Step 1
8.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 8.0%
View Details

2-Step PRO

Price
$69.00 $37.00
Profit Target
Step 1
10.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 10.0%
View Details

3-Step

Price
$77.00 $46.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
6.0%
Steps 3
Profit Split 100%
Daily DD 4.0%
Max DD 8.0%
View Details

Instant Funding Standard

Price
$117.00 $70.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$102.00 $61.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step Standard

Price
$67.00 $40.00
Profit Target
Step 1
9.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

1-Step PRO

Price
$59.00 $35.00
Profit Target
Step 1
6.0%
Profit Target
Step 2
N/A
Steps 1
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details

2-Step Standard

Price
$36.00 $21.00
Profit Target
Step 1
8.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 8.0%
View Details

2-Step PRO

Price
$29.00 $17.00
Profit Target
Step 1
10.0%
Profit Target
Step 2
5.0%
Steps 2
Profit Split 100%
Daily DD 5.0%
Max DD 10.0%
View Details

Instant Funding Standard

Price
$64.00 $38.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 0.0%
Max DD 3.0%
View Details

Instant Funding PRO

Price
$60.00 $36.00
Profit Target
Step 1
0.0%
Profit Target
Step 2
0.0%
Steps 0
Profit Split 100%
Daily DD 3.0%
Max DD 6.0%
View Details
4.0
167 reviews
5
11
4
18
3
74
2
60
1
4
Platform Quality
3.2
Customer Support
3.3
Payout Speed
3.3
Challenge Fairness
3.2
Value for Money
3.2
Transparency
3.2
M
MarginMaster Jul 28, 2026
3.7
Funded

fair enough

Got in through an affiliate link from a trader i follow, no shame. weekend holding is allowed which i liked but teh swap fees stack up fast. platform execution is solid but the economic calendar built in is barely usable. dude the scaling targets are achievable but the timeline is longer than the marketing implies. i got funded fine but the scaling requirements are steeper than they look. if you cannot handle a daily loss limti this place will eat you alive.

N
n. nair Jul 27, 2026
3.9
Funded

passed second attempt

Tried them out after a refund nightmare with a competitor. crypto and wire both supported, i did wire and it hit my bank in two business days. i got a small payout bonus for hitting a milestone which was unexpected. the scaling plan is actually motivating instead of being some impossible carrot on a stick. good enough that i stopped shopping around for alternatives.

J
James Jul 25, 2026
3.5

cautiously recommend

someone in my discord swore these guys pay fast so here we are. teh consistency requirement kept me disciplined but also kept me small. dude i passed phase one then immediately fumbled phase two before pulling it back in the last week. the platform disconnected on me twice during news, nothing lost but not a great feeling. kyc went through but it asked for a second proof of address i had to dig up. earned a cautious thumbs up from a guy who trusts no one.

L
L. Davis Jul 25, 2026
4.6
Funded

low key impressed

Jumped in during a discount they were running over the holidays. no surprise inactivity fees which i half expected to get hit with. verification took one round of documents and they didnt ask me for ten random things. fees are reasonable for what you get and the retake discount softens the blow. the drawdown is calculated on balance not equity which honestly saved me a few times. i got a partial refund of my fee back with my first payout which i wasnt expecting. took my withdrawal seriously and processed it without a single hoop.

K
kwame k. Jul 18, 2026
3.6

middle of the road

Signed up mostly to test their platform before committing real focus. support solved my issue in the end but the first two answers were copy paste. minimum trading days felt forced at first but i get it now, it protects both sides. fees crept up since i joined and the retake discount quietly got smaller. i can live with the spreads … the overnight financing is what surprises people. they answered my kyc question but pointed me to a help doc that was outdated. the rules are okay once you actually understand them, which takes a while.

C
camila o. Jul 17, 2026
3.5
Funded

Payouts Fine, Spreads Wide

third firm i tested this quarter so here is where they landed. the dashboard looks clean but half the stats i actually want arent on it. good spreads on forex … indices are wider than i expected. my first payout was smooth … the second one needed a support ticket to shake loose. they cap the max lot size which annoyed me at first but it protects you. drawdown is calculated on balance not equity which is fine once you adjust but nobody tells you upfront.

K
kareem b. Jul 16, 2026
3.6

great firm slow support

A youtuber i actually trust reviewed them so i pulled teh trigger. fees are mid range, not the cheapest and not the worst. payout came in crypto fine but the fiat option had extra steps. the funded rules are stricter than the eval which caught me off guard. tbh commission per lot is average, nothing that runis a strategy but you notice it. i had no payout issues but i kept screenshots of everything just in case. average all around, you will not love it or hate it.

T
trader dave Jul 16, 2026
4.6
Funded Paid Out

cleared my withdrawal fast

Started here as a complete beginner, here is how that went. the minimum trading days is low so you can get funded fast if youre actually profitable. the buffer between daily loss and max loss gives you breathing room on a bad day. i compared them against three others and they had the best balance of price and rules. i like that the daily loss limit resets at a sane hour for my timezone. a year of payouts later and i still have nothing bad to say.

I
isabella l. Jul 15, 2026
4.3

in it for the long haul

Picked this firm because they supported my exact strategy. teh platform let me set custom alerts which actually helped me stick to my risk plan. i had a margin scare during cpi and the platform held up without freezing. dude thier server uptime during the last nfp was flawless from where i sat. the rules are written in plain english so i actually knew what id get banned for before i started. would i recommend? yeah, as long as you can follow rules.

P
pavel c. Jul 11, 2026
4.1

no complaints really

Chose them after reading through a comparison thread. the consistency rule is generous enough that one good day doesnt disqualify your whole payout. the profit target on phase one is ambitious but not insane. i tested the live account against the demo with the same setups and it matched. they sent me a little congrats email with my payout confirmation which was a nice touch. repeat customer here so take that for what it is worth.

No active offers for Aqua Funded at the moment.

Check back soon — firms refresh their promos regularly.

No payout data available for Aqua Funded yet.

Frequently Asked Questions

What is GOAT Funded Trader and how does it work?
GOAT Funded Trader is a prop firm offering 1-Step, 2-Step, 3-Step and Instant Funding challenges. You pass the evaluation, get funded, and trade their capital for a profit split. The process looks straightforward on paper. The rules that apply once you're funded are where things get more interesting.
What is the GOAT Guard and should I be worried about it?
The GOAT Guard automatically closes all your trades if your floating loss hits -2%. First trigger — your profit split drops to 50%. Second trigger — account terminated. It's marketed as a safety feature. It functions more like a two-strike system where the second strike costs you everything.
Does GOAT Funded Trader allow news trading?
Technically yes. Practically, any profits from trades opened or closed within 5 minutes of high-impact news are capped at 1% of your initial account balance. Anything above that is removed automatically, with no warning. You can trade the news — you just can't profit too much from it.
Is there a daily profit limit on funded accounts?
Yes — $3,000 per day on funded accounts. Anything above that simply doesn't count. If you're having an exceptional trading day, pace yourself, because the ceiling doesn't move regardless of your account size or performance.
Are Expert Advisors allowed at GOAT Funded Trader?
Custom EAs are allowed if they don't violate the prohibited trading rules. Third-party EAs, HFT systems and gold arbitrage EAs are not allowed. Switching from EA to manual trading between the challenge and funded stage is also prohibited. The list of what's not allowed is longer than the list of what is.
Is GOAT Funded Trader safe and does it pay traders?
GOAT Funded Trader has a Trustpilot Warning active for suspected fake reviews, with 31% one-star reviews. Community feedback includes reports of payout delays, unresolved support tickets and credentials not delivered after payment. The rules exist — the question is how consistently they're applied. There are better-documented options on PropTradingArea if reliability is your priority.
Always do your own research. Never risk more than you can afford to lose. Last updated: