Looking into AquaFunded challenge and funding programs? Get started here with a detailed guide on this topic.

AquaFunded is quite a popular forex prop firm and offers a large selection of trading instruments to its traders.

AquaFunded Challenge: Rules and Requirements 

AquaFunded offers traders two distinct funding scheme choices.

  1. Two-phase Evaluation 
  2. One-phase Evaluation 

Two-phase Evaluation 

Step 1(Challenge)Step 2(Verification)Step 3(AquaTrader)
Trading Period Unlimited Unlimited 
Minimum Trading Days 0 days 0 days 
Maximum Daily Loss$5,000(5%)$5,000(5%)$5,000(5%)
Maximum Loss $8,000(8%)$8,000(8%)$8,000(8%)
Profit Target $8,000(8%)$4,000(4%)
Refundable Fee $373

AquaFunded offers traders the chance to take part in its Two-phase Evaluation, enabling them to oversee account amounts from $10,000 to $200,000. This examination aims to identify proficient traders capable of generating profits while efficiently managing risk throughout the assessment period.

Account SizePrice

Traders can utilize leverage up to 1:100 during the Two-phase Evaluation. During the initial phase, traders aim to reach an 8% profit goal while ensuring they do not surpass the 5% daily loss limit or the 8% maximum loss limit. There are no set requirements for the minimum or maximum number of trading days during this phase. Advancing to phase two necessitates achieving an 8% profit goal while adhering to the maximum daily and maximum loss restrictions.

Phase two aims to achieve a 4% profit goal while maintaining the same maximum daily loss and maximum loss limits. Similar to Phase One, there are no limitations on the minimum or maximum number of trading days during Phase Two. After passing both evaluation processes, traders are granted a funded account without any mandatory withdrawal requirements. They must only follow the 5% maximum daily loss or 8% maximum loss regulations.

The initial payout is made 14 days after the first position is placed on the funded account, followed by withdrawals every two weeks. Traders are entitled to a 90% profit share based on their success on the funded account.

You can get funded with AquaFunded today! Learn more here.

One-phase Evaluation of AquaFunded Challenge

Step 1(Challenge)Step 2(AquaTarder)
Trading Period Unlimited 
Minimum Trading Days 0 days 
Maximum Daily Loss$3,000(3%)$3,000(3%)
Maximum Loss $6,000(6%)$6,000(6%)
Profit Target $9,000(9%)
Refundable Fee $397

AquaFunded offers traders the chance to take part in its One-phase Evaluation program, where they can oversee accounts with values between $10,000 and $200,000. The program’s goal is to pinpoint proficient traders capable of producing profits while adeptly handling hazards throughout a specific assessment time.

Account SizePrice

Traders can utilize leverage up to 1:100 during the One-phase Evaluation. They must meet a 9% profit target while staying below the 3% maximum daily loss and 6% maximum trailing loss limits. There are no set minimum or maximum trading day criteria in this phase. Traders need to achieve a 9% profit target while adhering to the maximum daily and maximum loss limits to secure funding status.

Traders who pass the evaluation process receive a funded account without any minimum withdrawal requirements. They must closely follow the regulations of a maximum daily loss of 3% and a maximum loss of 6%. The first payment is made 14 days after opening the funded account, with future withdrawals possible every two weeks. Traders are entitled to a 90% profit share based on their success on the funded account.

AquaFunded challenge

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific time.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria aims, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

– Profit targets: A predetermined proportion of the account balance that traders must meet.

– Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.

– Minimum trading days: The number of active trading days required throughout the challenge period.

– Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

AquaFunded has emerged as a proprietary trading firm committed to providing traders an exceptional environment for growth and learning. AquaFunded, a name synonymous with cutting-edge solutions in the financial sector, has set its sights on transforming how traders access funding.

AquaFunded challenge 2

Tips for Winning the AquaFunded Challenge:

Below are some precise bullet-points to help you win the AquaFunded challenge and rake in huge profits:

  • Understand Prop Firm Rules and Objectives:
  • Know profit targets, maximum drawdown limits, and any trading constraints (e.g., minimum trading days).
  • Develop a Trading Plan:
  • Aim for profit targets while incorporating strict risk management to avoid drawdown limits.
  • Focus on familiar currency pairs for better market movement predictions.
  • Trade around major market events to capitalize on currency volatility.
  • Strict Risk Management:
  • Use consistent techniques like setting stop-loss orders on every trade.
  • Manage position sizes carefully and risk only a small percentage of the account on a single trade.
  • Psychological Preparedness:
  • Maintain discipline and emotional control, especially during market volatility or after losses.
  • Avoid overtrading or chasing losses.
  • Continuous Learning:
  • Use the challenge as a learning opportunity, reflecting on trading decisions and risk management.
  • Engage with trader communities for insights and support.
  • Adjust strategies based on experience and analysis.

By focusing on these key areas, traders can enhance their chances of successfully completing forex prop challenges and advancing their trading careers.

AquaFunded Challenge Conclusion

AquaFunded is a relatively new prop firm but its challenge is quite unique. It offers a great way for traders to enhance their profits and get rewarded for their expertise.

What are your thoughts on the AquaFunded challenge? Let us know in the comments below!

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