AquaFutures
We would not take itFive products sold from one configurator: Beginner, Standard Evaluation, Instant Pro, Instant Standard, and Flex. The binding contract contains zero trading parameters, while marketing promises on-demand payouts and instant refunds that the fine print restricts with weekly cycles, winning-day hurdles, and a refund delayed until the fourth payout.
Drawdown rules →Payout rules →
Its legal identity resolves to two offshore entities: Aqua Funded FZCO in Dubai and AquaFunded LTD in Saint Lucia. All plans tighten on the very first withdrawal, where the trailing drawdown permanently locks at starting balance plus $100. Payouts require that the largest losing trade does not exceed the largest winning trade, plus five or seven winning trading days with daily profit floors, and a 3% processing fee is deducted from every disbursement. Marketing promises an extra $1,000 if payouts take more than 24 hours, while the contract waives all liability for delays.
Your account’s floor
The balance below which the firm closes the account. Each item with the firm’s own sentence. Read on the challenge: Beginner Account.
- Maximum total loss · funded accountstated
- 4%
“On a $25,000 Account : Starting Balance: $25,000 Maximum Drawdown: $1,000 Your account may not fall below: $24,000 If it does, the account will be breached. ”
read on 2026-09-11 · intercom.help · saved copy - Maximum loss in one day · funded accountstated
- 2.5% · with your live balance
“On a $100,000 Account : Daily Loss Limit: $2,500 Starting Balance: $100,000 If your equity falls below $97,500 during the trading day, the account will violate the rule.”
read on 2026-09-11 · intercom.help · saved copy - When the floor moves · funded accountstated
- with each day’s close
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”
read on 2026-09-11 · intercom.help · saved copy - When it stops movingstated
- stops just above your starting balance
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”
read on 2026-09-11 · intercom.help · saved copy - What a payout does to itstated
- it tightens
“When a trader receives their first withdrawal, the account’s maximum drawdown adjusts to the starting balance plus $100.”
read on 2026-09-11 · intercom.help · saved copy
Its challenges
Judged, clean of all seven hard bars, and the scorecard still came in under the bar. Nothing here is an accusation — it is a firm we would not open an account with, and the card says on which axes it fell short.
Scorecard
8Trails on daily closes only, then freezes at your starting balance
A named company, but no financial regulator anywhere — or a light-touch one only
A lifetime ceiling, or a rule that can block payment
The risk rule changes after you have paid
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
2/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
2/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
2/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.52.40/8
“If you purchase a $50,000 Beginner Account , your target is:
$50,000 + $3,000 = $53,000”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“No time limits”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“AquaFutures does not require a minimum amount of trading days on evaluation phases of each plan.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“When you feel ready, you can always try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target6%—
“If you purchase a $50,000 Beginner Account , your target is:
$50,000 + $3,000 = $53,000”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceno change1.65/3
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno change1/2
“If the account balance or equity drops below this level, the account will be breached.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitit tightens, down to a fixed point just above it0/2
“When a trader receives their first withdrawal, the account’s maximum drawdown adjusts to the starting balance plus $100.”Taking your money out should not leave you closer to losing the account.
Daily limit2.5%, measured on live equity, open trades includedno change0.30/2
“On a $100,000 Account :
Daily Loss Limit: $2,500
Starting Balance: $100,000
If your equity falls below $97,500 during the trading day, the account will violate the rule.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%no change0.25/1
“On a $25,000 Account :
Starting Balance: $25,000
Maximum Drawdown: $1,000
Your account may not fall below:
$24,000
If it does, the account will be breached.”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over · the profit you must make starts over · the share you are paid falls0.75/3
“Do I need to complete the minimum trading days for every withdrawal?
Yes.
The minimum trading day requirement must be satisfied during each withdrawal cycle.”“Profit Target Requirements
Withdrawal Cycle
Required Profit Target
First Withdrawal
7%
Second Withdrawal
6%
Third Withdrawal & Beyond
5%”“Once a trader exceeds $15,000 in lifetime withdrawals, all future withdrawals are paid at a 90% profit split.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutno change2.10/3
“What happens if I break the consistency rule?
Your account remains active
You cannot pass (evaluation) or withdraw (funded)
You must continue trading until compliance is met”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Aqua Funded reserves the right to terminate an account or agreement or deny a withdrawal request if it is deemed a customer has abused margin availability on an account or not applied an appropriate risk management strategy.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money7 days2/2
“First payout is available after just 7 days”How long your money is theirs.
Most one withdrawal can pay you3.0% of the account, at worst1/2
“Beginner Accounts, Instant Standard Accounts & Instant Pro Accounts
Account Size
Maximum Withdrawal Per Request
$25,000
$750
$50,000
$1,500
$100,000
$3,000
$150,000
$4,500”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request7%0.70/1
“Profit Target Requirements
Withdrawal Cycle
Required Profit Target
First Withdrawal
7%”How much you have to make before you can touch anything.
Fee charged to pay you$30.80/1
“All AquaFunded payouts are subject to a 3% processing fee. This fee is deducted from the requested payout amount during processing.”What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Order Restrictions: Do not open or hold any positions or pending orders (including limit orders) within two minutes before or after a Tier 1 data release. Additionally, trading is not permitted during any red folder news events as identified on ForexFactory.com .”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be held1 minutesno change—
“To maintain fair and sustainable trading conditions, AquaFutures requires that at least 50% of all closed trades remain open for longer than 1 minute.”Forced close before the weekendnothing may stay open over the weekendno change—
“All open trades will automatically close when the market closes.”LeverageNo such thing in this plan.no change—
“All AquaFutures' future instruments available on our platform, including contract specifications, commissions, and trading fees, can be found within our detailed guidelines.”Limit on position size1 · 3 · 6 · 9no change—
“Account Size
Maximum Contracts
$25,000
1
$50,000
3
$100,000
6
$150,000
9”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“Make 12% profit within 3-month period
If you do, we increase your account by 25%
of your starting balance.”How large it can get$4,000,000—
“You can scale your account all the way to $4,000,000”Where the path endsNo such thing in this plan.—
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.32.40/8
“For a $25,000 Standard Evaluation Account :
Starting Balance: $25,000
Profit Target: $1,250
To pass the evaluation, your account must reach:
$26,250”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“No time limits”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“AquaFutures does not require a minimum amount of trading days on evaluation phases of each plan.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“When you feel ready, you can always try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target5%—
“For a $25,000 Standard Evaluation Account :
Starting Balance: $25,000
Profit Target: $1,250
To pass the evaluation, your account must reach:
$26,250”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceno change1.65/3
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno change1/2
“If the account balance or equity drops below this level, the account will be breached.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitit tightens, down to a fixed point just above it0/2
“When a trader receives their first withdrawal, the account’s maximum drawdown adjusts to the starting balance plus $100.”Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.no change2/2
“The Standard Evaluation Account does not have a daily loss limit.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%no change0.25/1
“For a $50,000 Account :
Maximum Drawdown: $2,000
The account may not fall below:
$48,000
If the account balance or equity drops below this level, the account will be breached.”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over1.50/3
“Do I need to complete the minimum trading days for every withdrawal?
Yes.
The minimum trading day requirement must be satisfied during each withdrawal cycle.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.it delays the payout2.10/3
“There is no consistency requirement while completing the evaluation phase.”“After becoming funded, a 40% consistency rule applies.
Your largest profitable trading day cannot exceed 40% of your total profits.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Aqua Funded reserves the right to terminate an account or agreement or deny a withdrawal request if it is deemed a customer has abused margin availability on an account or not applied an appropriate risk management strategy.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money5 days2/2
“Standard Accounts require traders to complete:
5 Winning Trading Days
before becoming eligible for a withdrawal request.”How long your money is theirs.
Most one withdrawal can pay you2.0% of the account, at worst0.50/2
“Standard Accounts
Account Size
Maximum Withdrawal Per Request
$25,000
$850
$50,000
$1,500
$100,000
$2,000
$150,000
$3,000 ”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request3.1%1/1
“Profit Target Requirements
Account Size
Required Profit Target
$25,000
$1,100
$50,000
$2,100
$100,000
$3,100
$150,000
$4,600”How much you have to make before you can touch anything.
Fee charged to pay you$30.80/1
“All AquaFunded payouts are subject to a 3% processing fee. This fee is deducted from the requested payout amount during processing.”What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Order Restrictions: Do not open or hold any positions or pending orders (including limit orders) within two minutes before or after a Tier 1 data release. Additionally, trading is not permitted during any red folder news events as identified on ForexFactory.com .”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be held1 minutesno change—
“To maintain fair and sustainable trading conditions, AquaFutures requires that at least 50% of all closed trades remain open for longer than 1 minute.”Forced close before the weekendnothing may stay open over the weekendno change—
“All open trades will automatically close when the market closes.”LeverageNo such thing in this plan.no change—
“All AquaFutures' future instruments available on our platform, including contract specifications, commissions, and trading fees, can be found within our detailed guidelines.”Limit on position size2 · 4 · 6 · 10no change—
“Account Size
Maximum Contracts
$25,000
2
$50,000
4
$100,000
6
$150,000
10”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“Make 12% profit within 3-month period
If you do, we increase your account by 25%
of your starting balance.”How large it can get$4,000,000—
“You can scale your account all the way to $4,000,000”Where the path endsNo such thing in this plan.—
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
A second attempt costsNo such thing in this plan.—
“There is:
✅ No evaluation phase
✅ No profit target
✅ No activation fee
✅ Weekly rewards
✅ 100% reward split”A free second attempt turns one bad week into a delay instead of another invoice.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive · Profit target · Days you have to finish · Trading days you must put in
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you trade0.75/3
“The Instant Pro Account uses an Intraday Drawdown model.
This means your drawdown is monitored continuously throughout the trading day based on real-time account equity.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“If and when your max drawdown level reaches $25,100, it will lock at this level for the lifetime of the account.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades included1/2
“The account may not fall below:
$47,500
If account equity drops below this level, the account will be breached.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitit tightens, down to a fixed point just above it0/2
“When a trader receives their first withdrawal, the account’s maximum drawdown adjusts to the starting balance plus $100.”Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.2/2
“The Instant Pro Account does not use a daily loss limit.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed5%0.25/1
“For a $50,000 Instant Pro Account :
Starting Balance: $50,000
Maximum Drawdown: $2,500
The account may not fall below:
$47,500
If account equity drops below this level, the account will be breached.”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over · the profit you must make starts over · the share you are paid falls0.75/3
“Do I need to complete the minimum trading days for every withdrawal?
Yes.
The minimum trading day requirement must be satisfied during each withdrawal cycle.”“Withdrawal Cycle
Required Profit Target
First Withdrawal
6%
Second Withdrawal
5%
Third Withdrawal & Beyond
4%”“Once a trader exceeds $15,000 in lifetime withdrawals, all future withdrawals are paid at a 90% profit split.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payout2.10/3
“The Instant Pro Account uses a 15% consistency rule.
Your largest profitable trading day may not exceed 15% of your total profits.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Aqua Funded reserves the right to terminate an account or agreement or deny a withdrawal request if it is deemed a customer has abused margin availability on an account or not applied an appropriate risk management strategy.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money7 days2/2
“First payout is available after just 7 days”How long your money is theirs.
Most one withdrawal can pay you3.0% of the account, at worst1/2
“Account Size
Reward Cap
$50,000
$1,500
$100,000
$3,000”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request6%0.70/1
“First Reward
6% ($3,000)”How much you have to make before you can touch anything.
Fee charged to pay you$30.80/1
“All AquaFunded payouts are subject to a 3% processing fee. This fee is deducted from the requested payout amount during processing.”What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through it—
“Order Restrictions: Do not open or hold any positions or pending orders (including limit orders) within two minutes before or after a Tier 1 data release. Additionally, trading is not permitted during any red folder news events as identified on ForexFactory.com .”Mandatory stop-lossThey do not say.—
we read the page that should answer this and it does not
Minimum time a trade must be held1 minutes—
“To maintain fair and sustainable trading conditions, AquaFutures requires that at least 50% of all closed trades remain open for longer than 1 minute.”Forced close before the weekendnothing may stay open over the weekend—
“All open trades will automatically close when the market closes.”LeverageNo such thing in this plan.—
“All AquaFutures' future instruments available on our platform, including contract specifications, commissions, and trading fees, can be found within our detailed guidelines.”Limit on position size3 · 6—
“Account Size
Maximum Contracts
$50,000
3
$100,000
6”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“Make 12% profit within 3-month period
If you do, we increase your account by 25%
of your starting balance.”How large it can get$4,000,000—
“You can scale your account all the way to $4,000,000”Where the path endsNo such thing in this plan.—
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
A second attempt costsNo such thing in this plan.—
“There is:
✅ No evaluation phase
✅ No activation fee
✅ Weekly rewards
✅ 100% reward split
✅ End-of-Day drawdown protection”A free second attempt turns one bad week into a delay instead of another invoice.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive · Profit target · Days you have to finish · Trading days you must put in
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balance1.65/3
“The Instant Standard Account uses an End-of-Day Drawdown model.
This means the drawdown threshold is calculated based on your account balance at the close of each trading day.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“If and when your max drawdown level reaches $25,100, it will lock at this level for the lifetime of the account.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades included1/2
“The account may not fall below:
$96,500
If account equity falls below this level, the account will be breached.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitit tightens, down to a fixed point just above it0/2
“When a trader receives their first withdrawal, the account’s maximum drawdown adjusts to the starting balance plus $100.”Taking your money out should not leave you closer to losing the account.
Daily limit2.5%, measured on live equity, open trades included0.30/2
“Daily Loss Limit
$50,000
$1,250
$100,000
$2,500
Example
A trader with a $50,000 account starts the day with an account balance of $50,000.
If account equity falls below:
$48,750
during that trading day, the account will be breached.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed3.5%0/1
“For a $100,000 Instant Standard Account :
Starting Balance: $100,000
Maximum Drawdown: $3,500
The account may not fall below:
$96,500
If account equity falls below this level, the account will be breached.”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over · the profit you must make starts over · the share you are paid falls0.75/3
“Do I need to complete the minimum trading days for every withdrawal?
Yes.
The minimum trading day requirement must be satisfied during each withdrawal cycle.”“Withdrawal Cycle
Required Profit Target
First Withdrawal
6%
Second Withdrawal
5%
Third Withdrawal & Beyond
4%”“Once a trader exceeds $15,000 in lifetime withdrawals, all future withdrawals are paid at a 90% profit split.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payout2.10/3
“The Instant Standard Account uses a 20% consistency rule.
Your largest profitable trading day cannot exceed 20% of your total profits.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Aqua Funded reserves the right to terminate an account or agreement or deny a withdrawal request if it is deemed a customer has abused margin availability on an account or not applied an appropriate risk management strategy.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money7 days2/2
“First payout is available after just 7 days”How long your money is theirs.
Most one withdrawal can pay you3.0% of the account, at worst1/2
“Account Size
Reward Cap
$50,000
$1,500
$100,000
$3,000”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request6%0.70/1
“First Reward
6% ($3,000)”How much you have to make before you can touch anything.
Fee charged to pay you$30.80/1
“All AquaFunded payouts are subject to a 3% processing fee. This fee is deducted from the requested payout amount during processing.”What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through it—
“Order Restrictions: Do not open or hold any positions or pending orders (including limit orders) within two minutes before or after a Tier 1 data release. Additionally, trading is not permitted during any red folder news events as identified on ForexFactory.com .”Mandatory stop-lossThey do not say.—
we read the page that should answer this and it does not
Minimum time a trade must be held1 minutes—
“To maintain fair and sustainable trading conditions, AquaFutures requires that at least 50% of all closed trades remain open for longer than 1 minute.”Forced close before the weekendnothing may stay open over the weekend—
“All open trades will automatically close when the market closes.”LeverageNo such thing in this plan.—
“All AquaFutures' future instruments available on our platform, including contract specifications, commissions, and trading fees, can be found within our detailed guidelines.”Limit on position size3 · 6—
“Account Size
Maximum Contracts
$50,000
3
$100,000
6”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“Make 12% profit within 3-month period
If you do, we increase your account by 25%
of your starting balance.”How large it can get$4,000,000—
“You can scale your account all the way to $4,000,000”Where the path endsNo such thing in this plan.—
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.70.80/8
“If you purchase a $50,000 Flex Account , your target is:
$50,000 + $2,500 = $52,500”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“No time limits”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“AquaFutures does not require a minimum amount of trading days on evaluation phases of each plan.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“When you feel ready, you can always try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target5%—
“If you purchase a $50,000 Flex Account , your target is:
$50,000 + $2,500 = $52,500”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceno change1.65/3
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“The maximum drawdown limit will trail your highest end of day balance. This means your account's highest recorded end of day balance is the level that your maximum drawdown limit will be subtracted from. Once the level reaches starting balance + $100, it will lock at this level for the remainder of the account's lifetime.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno change1/2
“Your account may not fall below:
$48,500
If it does, the account will be breached.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitit tightens, down to a fixed point just above it0/2
“When a trader receives their first withdrawal, the account’s maximum drawdown adjusts to the starting balance plus $100.”Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.no change2/2
“Daily Loss Limit
None
None
None”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed3%no change0/1
“On a $50,000 Account :
Starting Balance: $50,000
Maximum Drawdown: $1,500
Your account may not fall below:
$48,500
If it does, the account will be breached.”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over1.50/3
“Do I need to complete the minimum trading days for every withdrawal?
Yes.
The minimum trading day requirement must be satisfied during each withdrawal cycle.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutThey state there is none.3/3
“A 40% consistency rule applies only on the evaluation phase.”“Consistency Rule
40% Only On Challenge Phase
40% Only On Challenge Phase
40% Only On Challenge Phase”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Aqua Funded reserves the right to terminate an account or agreement or deny a withdrawal request if it is deemed a customer has abused margin availability on an account or not applied an appropriate risk management strategy.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money5 days2/2
“Flex Accounts
To qualify for a withdrawal, traders must:
✅ Complete 5 winning trading days”How long your money is theirs.
Most one withdrawal can pay you2.3% of the account, at worst0.50/2
“Reward Cap Per Request
Each Flex Account has a maximum reward amount that can be requested during a payout cycle.
Account Size
Reward Cap
$50,000
50% of Profit
up to $1500
$100,000
50% of Profit
up to $2,500
$150,000
50% of Profit
up to $3500”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“On Flex Accounts there's no profit target required (Only the $500 minimum payout amount)”How much you have to make before you can touch anything.
Fee charged to pay you$30.80/1
“All AquaFunded payouts are subject to a 3% processing fee. This fee is deducted from the requested payout amount during processing.”What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Order Restrictions: Do not open or hold any positions or pending orders (including limit orders) within two minutes before or after a Tier 1 data release. Additionally, trading is not permitted during any red folder news events as identified on ForexFactory.com .”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be held1 minutesno change—
“To maintain fair and sustainable trading conditions, AquaFutures requires that at least 50% of all closed trades remain open for longer than 1 minute.”Forced close before the weekendnothing may stay open over the weekendno change—
“All open trades will automatically close when the market closes.”LeverageNo such thing in this plan.no change—
“All AquaFutures' future instruments available on our platform, including contract specifications, commissions, and trading fees, can be found within our detailed guidelines.”Limit on position size2 · 4 · 6no change—
“Account Size
Maximum Contracts
$50,000
2
$100,000
4
$150,000
6”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“Make 12% profit within 3-month period
If you do, we increase your account by 25%
of your starting balance.”How large it can get$4,000,000—
“You can scale your account all the way to $4,000,000”Where the path endsNo such thing in this plan.—
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin a help-centre article the contract never mentions1.20/4
“Company FAQ therein, as amended from time to time and which are incorporated by reference and made a part of these Terms. By agreeing to these Terms, you are agreeing to abide to all rules identified within the knowledge center and other sources within the website.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“Company AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE SITE AT ANY TIME WITHOUT PRIOR NOTICE.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedyes2/2
“Updated: March 26, 2025”Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
who stands behind the account · costs credibility
“All content published and distributed by Aqua Funded FZCO t/a AquaFunded(“AquaFunded”) located at IFZA Business Park, DDP, Premises No.- 35882 - 001 Dubai Silicon Oasis Dubai, United Arab Emirates and its affiliates (collectively the “Company”) is to be treated as general and for information purposes only.”“AquaFunded LTD, a Saint Lucia Corporation, located at The Sotheby Building, Ground Floor, Rodney Village, Rodney Bay, Gros-Islet, SW18 1TA, St. Lucia, with company number 2004-00597, provides the simulated trading services advertised on www.aquafunded.com .”the fees · costs money
“25% Off + 150% Refund*”“After you have successfully completed the Aqua Funded Evaluation and have entered into a written agreement with us in relation to the proprietary trading phase, you will receive a refund of the initial evaluation fee you paid when you purchased an Aqua Funded Evaluation via our website upon traders fourth successful profit split payment. The traders evaluation fee will not be refunded until trader has reached the fourth profit split.”the payout terms · costs money
“No set Rewards Schedule
Withdraw when ready”“To request a withdrawal, traders must satisfy all requirements applicable to their account type during the current withdrawal cycle.”the account size or the speed · costs money
“Traders are limited to one active account per challenge level, absent prior written approval by the Company.”“Traders are allowed to maintain up to 3 active funded accounts at a time. If you choose to pursue additional accounts beyond this limit, you will need to continue paying the monthly subscription fee for each additional evaluation account. This limit applies to Instant Funded accounts as well.”the payout terms · costs money
“Get Paid in 24 Hours or We Pay an extra $1,000.”“TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL COMPANY AND/OR ITS SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THE SITE, WITH THE DELAY OR INABILITY TO USE THE SITE OR RELATED SERVICES, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THE SITE, OR OTHERWISE ARISING OUT OF THE USE OF THE SITE, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF COMPANY OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withAqua Funded FZCOno change4/4
“All content published and distributed by Aqua Funded FZCO t/a AquaFunded(“AquaFunded”) located at IFZA Business Park, DDP, Premises No.- 35882 - 001 Dubai Silicon Oasis Dubai, United Arab Emirates and its affiliates (collectively the “Company”) is to be treated as general and for information purposes only.”With no named company there is nobody to sue.
Where it is registeredDubai, United Arab Emiratesno change1/2
“These Terms are governed by the laws of the United Arab Emirates, and you agree that any dispute, disagreement, arbitration, or mediation with Company or arising out of or in connection with these Terms, that is not resolved through arbitration as provided herein shall be resolved by the courts located in Dubai, United Arab Emirates .”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration number35882 - 001no change2/2
“All content published and distributed by Aqua Funded FZCO t/a AquaFunded(“AquaFunded”) located at IFZA Business Park, DDP, Premises No.- 35882 - 001 Dubai Silicon Oasis Dubai, United Arab Emirates and its affiliates (collectively the “Company”) is to be treated as general and for information purposes only.”What turns a name into something checkable in a public register.
That company owns the brandno — the brand sits elsewhere0.40/2
“AquaFunded is proudly owned by AquaFunds, a visionary holding company dedicated to building purposeful trading brands that not only elevate traders but also contribute to a better world.”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedThey do not say.0/2
we read the page that should answer this and it does not
Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”The question that separates a firm that earns when you lose from one that earns when you last.
Conditions to reach a real marketNo such thing in this plan.—
“The Company does not carryout any regulated activities; the Company’s exclusive activity is simulated trading as defined in the Terms of Use.”Promising a route to a real market without publishing the conditions is promising nothing.
Almost none names a broker or a clearing house either, and that follows from the account being a simulation rather than being a second, separate failing. Charging for both would count one fact twice.
We read the rules of every plan it sells and issued a verdict on each one.