AquaFunded review: crypto challenge from $15

Every plan, its own rules

AquaFunded sells eight models and the rules are not interchangeable. The same menu holds a 3% limit beside a 10% one.

Seven of the eight state a daily loss limit of their own, and the other one states there is none.

Entry fee is the cheapest size each plan is sold at, the same rows the ladder above prices. Every figure is the firm's own wording, read from the plan pages linked under Sources.

The rules that decide whether you pass

AquaFunded sells 1-step / 2-step / 3-step / instant / pay later challenges; on its $25k account, hit 9% (1-Step Standard) before breaching 6% max trailing, 3% daily (1-Step Standard). Leverage is 1:100 forex / 1:20 indices / 1:20 commodities / 1:2 crypto (evaluation); 1:50 forex / 1:2 crypto (funded) and the account is traded on MatchTrader, TradeLocker, MetaTrader 5, cTrader (TradingView charts). Forex pairs, indices, commodities and crypto CFDs on the CFD accounts (crypto 24/7 at 1:2 leverage); separate futures product via AquaFutures are available, so the instrument set is broad enough that position sizing matters more than the rules do.

NOT PUBLISHED, not 'none': the terms and conditions (~41,000 characters, two identical copies) contain no mention of KYC, identity, verification, passport or proof of address, and the help centre has no verification article. The payout rules list no identity step. Absence of a clause is not proof that documents are never requested.

“To request a payout, the account balance must be above the initial account balance, there must be no rule violations, and all trades and pending orders must be closed.”

Source: the firm's own page, read 2026-11-08. Our classification: Not stated by firm.

Two practical warnings for this structure. A 6% max trailing, 3% daily drawdown (1-Step Standard) is tighter than it looks: a 3% overnight move on a large position is normal in crypto and can end the account in one candle. And the profit split of 90% (100% with add-on) applies to profit you withdraw, not to the account balance, so plan the first payout before you start rather than after you pass.

Who it suits, and who it does not

Suits: Traders who want a big choice of challenge formats, large per-account size and fast documented payouts, and who will trade crypto alongside FX.

Does not suit: Crypto-only traders wanting high crypto leverage or a crypto-specific programme.

How it compares with the rest of the list

At the $25k size AquaFunded sits at $194.93 for its 1-Step Standard account with a split of 90% (100% with add-on) and a 6% max trailing, 3% daily drawdown (1-Step Standard). The firms that undercut it charge less for the challenge but usually ask for a tighter drawdown or a one-step target, and the firms that publish wider room to trade ask more up front. If the deciding factor for you is the split rather than the fee, read the side-by-side comparison before choosing.

Sources

• Cart total for every model and size, reached from the calculator's own add-to-cart links
• Drawdown, profit targets, leverage table, min profitable days, news rule
• Live price calculator data for every model, size and platform; 90%/100% split
• Payout methods (Rise, USDC/stablecoins), reward guarantee
• 'From $14 for $5k account', funded up to $400k, scaling to $4M
• 2027 established, company background
• Legal entities: Aqua Funded FZCO (Dubai) and AquaFunded LTD (St. Lucia)
• 14-day first payout, 24 business-hour guarantee, 3% fee, $100 minimum, crypto under $5k
• 90% standard, 100% add-on
• Restricted and restricted-with-conditions country lists
• $400k funded per account, $4M via scaling plan
• 1-Step: 9% target, 3% daily, 6% trailing max drawdown, 1:2 crypto leverage, 3 min days
• Dedicated crypto brand page marked 'Coming Soon'
• Firm's own guide: identity is checked through KYC at the verification stage (no policy page)
• 1 Step Pro model rules: 6% target, 6% trailing max that locks at the start balance, 3% daily
• 2 Step Standard model rules: 8% then 5% target, 8% total loss, 5% daily
• 2 Step Pro model rules: 10% then 5% target, 10% trailing max, 5% daily
• 3 Step model rules: 6% target per step across three steps, 8% total loss, 4% daily
• AquaMan model rules: 2% target, 6% trailing max, 3% daily, 15% consistency rule
• Instant Funding Standard rules: 3% trailing max, no daily limit, 20% consistency rule
• Instant Funding Pro rules: 3% daily, 6% trailing max, 20% consistency rule

Copied from the firm's own pages. If a term has changed since, tell us at research@cryptopropfirms.com and we will re-check it against the firm's own wording.

Head to head

• AquaFunded vs Crypto Fund Trader
• AquaFunded vs Bitfunded
• AquaFunded vs HyroTrader
• AquaFunded vs Breakout Prop Firm
• AquaFunded vs Upscale
• AquaFunded vs Fundedbit
• AquaFunded vs Kraken Prop
• AquaFunded vs Propr
• AquaFunded vs FXIFY
• AquaFunded vs Velotrade
• AquaFunded vs Funded Trader Markets
• AquaFunded vs Instant Funding
• AquaFunded vs FX2 Funding
• AquaFunded vs For Traders
• AquaFunded vs City Traders Imperium
• AquaFunded vs FundedNext
• AquaFunded vs DNA Funded
• AquaFunded vs Blue Guardian
• AquaFunded vs E8Markets
• AquaFunded vs MyFundedPerps

The rules that end accounts

Every firm here publishes a fee and a split. These are the terms that decide whether the account survives a bad week, taken from AquaFunded's own rules page and quoted verbatim under the table.

This is a trailing drawdown, meaning the drawdown limit moves upward whenever your account reaches a new equity high. On drawdown, from https://help.aquafunded.com/en/articles/15281078-instant-funding-pro

Where a firm runs several plans with different rules, the field says so rather than picking the flattering one. "Not published" means the page we read does not say.

Other firms

• Crypto Fund Trader review - Two-step, no time limit
• Bitfunded review - Coins first, 100+ of them, plus 20 TradFi pairs

Related: what a $25k challenge costs · firms that pay in USDT · KYC at signup vs payout.

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