Aqua Funded: Open loss past 2% of starting balance closes the account

On Instant Funding and AquaMan accounts the account is permanently closed if combined floating loss drops below 2% of starting balance. On $300k and $400k accounts the limit is 1%.

Aqua Funded: Wave Stop cuts your split to 50% then breaches the account

On funded accounts other than instant funding, open trades hitting a 2% loss are closed automatically. The first time your profit split drops to 50% and the second time the account is breached.

Aqua Funded: Using over 80% of margin on one position loses the profit

A single trade or position may not use more than 80% of available margin. Profit from a trade that breaks this is deducted and repeat cases can lead to a reset or breach.

Aqua Funded: Trades under 2 minutes can have profit removed

Trades held for less than 2 minutes may be classed as tick scalping. On funded accounts the profit from them can be removed.

Aqua Funded: No trade for 30 days breaches the account

You must place at least one trade every 30 days counted from your first trade. Otherwise the account becomes inactive and is breached.

Aqua Funded: First two payouts on $100k+ accounts capped at $10,000

On accounts of $100K or more each of the first two reward requests can withdraw at most $10,000. The cap is lifted after the second withdrawal.

Aqua Funded review, rules, payouts and costs

Category	Weight	Active today	Effective weight today	This firm
Rule transparency	20%	Yes	20%	17 of 20
Payout terms and reliability	18%	Yes	18%	14 of 18
Trader reputation	16%	Yes	16%	13 of 16
Challenge value	12%	Yes	12%	9 of 12
Drawdown terms	10%	Yes	10%	6 of 10
Trading flexibility	8%	Yes	8%	5 of 8
Operating history	6%	Yes	6%	No data, 0 points
Country access	4%	Yes	4%	2 of 4
Platform choice	3%	Yes	3%	3 of 3
Account scale	3%	Yes	3%	1 of 3
Total	100%		100%

Routes to funding

27 ways to get an account with Aqua Funded. 19 of them measure loss on a trailing basis.

Instant Funding Standard
No evaluation$2.5K to $200K
No profit target · 5% max loss · 90% split
Profit target
No profit target
Daily loss
3%
Max loss
5% trailing
Your split
90%
Min profitable days
5
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your balance. The limit follows each closed trade up and does not come back downConsistency rule: Yes, 15%
Instant Funding Pro
No evaluation$2.5K to $400K
No profit target · 6% max loss · 90% split
Profit target
No profit target
Daily loss
3%
Max loss
6% trailing
Your split
90%
Min profitable days
5
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: Yes, 20%
Dolphin Challenge (1-phase)
1 phase$50K
9% · 6% max loss · 90% split
Profit target
9%
Daily loss
3%
Max loss
6% trailing
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back down
Ray Challenge (1-phase)
1 phase$25K
9% · 8% max loss · 90% split
Profit target
9%
Daily loss
3%
Max loss
8% trailing
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back down
Ray Challenge (2-phase)
2 phases$25K
8% then 5% · 8% max loss · 90% split
Profit target
8% then 5%
Daily loss
5%
Max loss
8% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Dolphin Challenge Pro
2 phases$50K
10% then 5% · 10% max loss · 90% split
Profit target
10% then 5%
Daily loss
5%
Max loss
10% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: - 25%
Ray Challenge Pro
2 phases$25K
10% then 5% · 10% max loss · 90% split
Profit target
10% then 5%
Daily loss
5%
Max loss
10% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: - 25%
Dolphin Challenge (2-phase)
2 phases$50K
8% then 5% · 8% max loss · 90% split
Profit target
8% then 5%
Daily loss
5%
Max loss
8% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Sea Horse Challenge (1-phase)
1 phase$5K
9% · 6% max loss · 90% split
Profit target
9%
Daily loss
3%
Max loss
6% trailing
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back down
Fish Challenge (1-phase)
1 phase$10K
9% · 6% max loss · 90% split
Profit target
9%
Daily loss
3%
Max loss
6% trailing
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back down
Shark Challenge (1-phase)
1 phase$100K
9% · 6% max loss · 90% split
Profit target
9%
Daily loss
3%
Max loss
6% trailing
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back down
Fish Challenge (2-phase)
2 phases$10K
8% then 5% · 8% max loss · 90% split
Profit target
8% then 5%
Daily loss
5%
Max loss
8% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Sea Horse Challenge (2-phase)
2 phases$5K
8% then 5% · 8% max loss · 90% split
Profit target
8% then 5%
Daily loss
5%
Max loss
8% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Fish Challenge Pro
2 phases$10K
10% then 5% · 10% max loss · 90% split
Profit target
10% then 5%
Daily loss
5%
Max loss
10% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: - 25%
Whale Challenge Pro
2 phases$200K
10% then 5% · 10% max loss · 90% split
Profit target
10% then 5%
Daily loss
5%
Max loss
10% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: - 25%
Shark Challenge Pro
2 phases$100K
10% then 5% · 10% max loss · 90% split
Profit target
10% then 5%
Daily loss
5%
Max loss
10% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: - 25%
Shark Challenge (2-phase)
2 phases$100K
8% then 5% · 8% max loss · 90% split
Profit target
8% then 5%
Daily loss
5%
Max loss
8% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Whale Challenge (1-phase)
1 phase$200K
9% · 6% max loss · 90% split
Profit target
9%
Daily loss
3%
Max loss
6% trailing
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back down
Whale Challenge (2-phase)
2 phases$200K
8% then 5% · 8% max loss · 90% split
Profit target
8% then 5%
Daily loss
5%
Max loss
8% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Sea Horse Challenge Pro
2 phases$5K
10% then 5% · 10% max loss · 90% split
Profit target
10% then 5%
Daily loss
5%
Max loss
10% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your equity. The limit follows your open profit up and does not come back downConsistency rule: - 25%
Pay Later
1 phase$2.5K to $400K
3% · 5% max loss · 90% split
Profit target
3%
Daily loss
3%
Max loss
5% trailing
Your split
90%
Min profitable days
—
Leverage
—
Time limit
—
Payouts
Every 14 days
Trailing drawdown on your balance. The limit follows each closed trade up and does not come back downConsistency rule: Evaluation: None | Funded: 15%
Elite
2 phases$5K to $100K
8% then 5% · 10% max loss · 90% split
Profit target
8% then 5%
Daily loss
4%
Max loss
10% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Flex (forex)
1 phase$5K to $100K
10% · 12% max loss · 90% split
Profit target
10%
Daily loss
3%
Max loss
12% static
Your split
90%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 14 days
Beginner Evaluation
1 phase$25K to $150K
6% · 4% max loss · 100% split
Profit target
6%
Daily loss
2.5%
Max loss
4% trailing
Your split
100%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 7 days
End of day trailing drawdown. The limit follows your closing balance, not your equity during the session, and stops moving once the account clears the trailConsistency rule: No single trading day may account for 40% or more of the total profits (Funded and Evaluation)
Standard Evaluation
1 phase$25K to $150K
5% to 6% · 4% max loss · 90% split
Profit target
5% to 6%
Daily loss
—
Max loss
4% trailing
Your split
90%
Min profitable days
1
Leverage
—
Time limit
—
Payouts
Every 5 days
End of day trailing drawdown. The limit follows your closing balance, not your equity during the session, and stops moving once the account clears the trailConsistency rule: No single trading day may account for 40% or more of the total profits (Funded)
Instant Standard
No evaluation$50K to $100K
No profit target · 4% max loss · 100% split
Profit target
No profit target
Daily loss
2.5%
Max loss
4% trailing
Your split
100%
Min profitable days
7
Leverage
—
Time limit
—
Payouts
Every 7 days
End of day trailing drawdown. The limit follows your closing balance, not your equity during the session, and stops moving once the account clears the trailConsistency rule: Your largest profitable day must not exceed 20% of your total profits for the cycle.
Flex (futures)
1 phase$50K to $150K
4.67% to 5% · 12% max loss · 80% split
Profit target
4.67% to 5%
Daily loss
—
Max loss
12% trailing
Your split
80%
Min profitable days
3
Leverage
—
Time limit
—
Payouts
Every 5 days
End of day trailing drawdown. The limit follows your closing balance, not your equity during the session, and stops moving once the account clears the trailConsistency rule: 40% for challenge accounts

Collected from a public prop-firm directory and not yet checked by us. Treat it as a starting point, not as a figure we stand behind. Confirm anything that would decide a purchase against Aqua Funded’s own rulebook. Prices vary by account size and are left blank until each one is verified.

Rule Check answers

What Rule Check reads when it calls this firm compatible or a conflict. Open one to read the rule in the firm’s own words.

Can you trade the news?Restricted

Accounts opened after 27 April 2026: trades opened or closed within 5 minutes before or after red folder (high-impact) news or FOMC events are allowed, but profit from them is capped at 0.5% of starting balance per payout cycle; profit above the cap is removed with no breach. Accounts bought before 27 April 2026: news trading on funded accounts is not allowed and profit from those trades is removed without a violation.

“profits generated specifically during these periods are capped at a fixed percentage of your account balance per payout cycle.”

Can you run an EA or a bot?Yes

Must be your own personal strategy and follow all rules; tick scalping, HFT, arbitrage and bot emulators are prohibited strategies.

“Yes, EAs are allowed, provided they are used as part of your own personal trading strategy.”

Can you copy trades?Restricted

Allowed between AquaFunded accounts, between funded and evaluation accounts and from external accounts, but only from personal accounts legally bound to the account holder. Copying someone else's account is not permitted by this wording.

“only from personal accounts that are legally bound to the account holder.”

Can you hold positions overnight?Yes

“Yes, you can hold trades overnight and over the weekend.”

Can you hold over the weekend?Yes

“Yes, you can hold trades overnight and over the weekend. There are no restrictions on holding positions outside of regular market hours.”

Is there a consistency rule?Yes

Payouts only. Instant Funding Standard 20%, Instant Funding Pro and AquaMan 15%, One Step Pro and Two Step Pro funded stage 25%: the best day must fall below that share of total profit before a payout. Breaking it does not end the account, you keep trading until the ratio is met.

“On instant funded challenges a consistency rule of 20% applies, that means that one trading day can not equal or be greater than 20% of the total profits made.”

Minimum trading days3 days

2 Step Standard accounts (also 1 Step Standard, 2 Step Elite and the funded stage of 1 Step Flex and 2 Step Pro). None on 3 Step, 1 Step Flex, 2 Step Pro, AquaMan or Pay Later evaluations. 5 on Instant Funding, 1 Step Pro and AquaMan and Pay Later funded stages. A qualifying day needs at least 0.5% profit.

“1 Step Flex Funded Stage, 1 Step Standard Accounts, 2 Step Pro Funded Stage, 2 Step Standard Accounts, 2 Step Elite Accounts”

How often you can be paidBi-weekly

First payout 14 days after the first funded trade (7 days with the Faster Initial Payout add-on; on-demand first payout add-on on instant funding models). Each later payout opens 14 days after the first trade placed after the previous withdrawal. Amount is chosen by the trader.

“After a payout is approved, the next payout becomes available 14 days after the first trade placed after that withdrawal.”

6 hidden rules you should know before you buy

Terms that can cost you an account or a payout after you have already paid. Hidden means easy to miss, not concealed. The firm publishes every one of these, usually in its terms or FAQ rather than on its pricing page. Tap a rule to read it, with the page we read it on and the date.

3 close the account2 void profit1 blocks the payout

Payout restrictions1

01First two payouts on $100k+ accounts capped at $10,000Blocks the payout
On accounts of $100K or more each of the first two reward requests can withdraw at most $10,000. The cap is lifted after the second withdrawal.
Why it matters
Break it and the payout is refused or pushed back.
Who it affects
Anyone requesting a payout, on funded accounts
Source
help.aquafunded.com

Drawdown1

02Wave Stop cuts your split to 50% then breaches the accountCloses the account
On funded accounts other than instant funding, open trades hitting a 2% loss are closed automatically. The first time your profit split drops to 50% and the second time the account is breached.
Why it matters
Break it once and the account is closed, whatever the balance.
Who it affects
Every account on the programme, on funded accounts
Source
help.aquafunded.com

Risk per trade1

03Open loss past 2% of starting balance closes the accountCloses the account
On Instant Funding and AquaMan accounts the account is permanently closed if combined floating loss drops below 2% of starting balance. On $300k and $400k accounts the limit is 1%.
Why it matters
Break it once and the account is closed, whatever the balance.
Who it affects
Anyone putting size on a single idea, on challenge and funded accounts
Source
help.aquafunded.com

Position size and exposure1

04Using over 80% of margin on one position loses the profitVoids profit
A single trade or position may not use more than 80% of available margin. Profit from a trade that breaks this is deducted and repeat cases can lead to a reset or breach.
Why it matters
Break it and the profit from those trades is taken off before you are paid.
Who it affects
Traders holding large or many positions, on challenge and funded accounts
Source
help.aquafunded.com

Prohibited strategies1

05Trades under 2 minutes can have profit removedVoids profit
Trades held for less than 2 minutes may be classed as tick scalping. On funded accounts the profit from them can be removed.
Why it matters
Break it and the profit from those trades is taken off before you are paid.
Who it affects
Hedging, martingale, arbitrage and HFT, on funded accounts
Source
help.aquafunded.com

Inactivity1

06No trade for 30 days breaches the accountCloses the account
You must place at least one trade every 30 days counted from your first trade. Otherwise the account becomes inactive and is breached.
Why it matters
Break it once and the account is closed, whatever the balance.
Who it affects
Accounts left untraded, on challenge and funded accounts
Source
help.aquafunded.com

How they pay

Forex and CFD

All Funded Accounts:

14 days payout frequency with minimum withdrawal of $100.
Meet consistency requirements where required (Instant Funding Standard, Instant Funding Pro, 2 Step Pro, Pay Later Funded Accounts)

For traders with $100K accounts or larger, the first two reward requests are capped at a maximum withdrawal of $10,000 each. After the first two rewards, this restriction is removed, and there are no further withdrawal limits

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SCALING PLAN

See details: https://help.aquafunded.com/en/articles/9251044-do-we-have-a-scaling-plan

Futures

Profit Split

Beginner and Instant Standard:

100% on first $15,000 lifetime withdrawals, then 90% thereafter.
The $15,000 lifetime threshold is tracked per user across all accounts and profiles, not per individual account.

Standard: Standard accounts have a fixed 90% profit split.

Flex: Flex accounts have a fixed 80% profit split.

---

Beginner Accounts

Payout frequency: Every 7 days

Profit requirement:
1st Payout: 7%
2nd Payout: 6%
3rd Payout onward: 5%

Requirements:
25K — 5 winning days of $120 or more
50K — 5 winning days of $200 or more
100K — 5 winning days of $360 or more
150K — 5 winning days of $580 or more
Resets after each successful withdrawal.

40% consistency rule, and biggest single trade loss must not exceed biggest single trade win

Payout cap per request:
$25,000 Account: $750
$50,000 Account: $1,500
$100,000 Account: $3,000
$150,000 Account: $4,500

Target Balance (Must reach this target before being eligible for a payout):
$25K: $26,500
$50K: $53,500
$100K: $107,000
$150K: $110,500

Minimum payout: $250

---

Standard Accounts

Payout frequency:
25K — 5 winning days of $120 or more
50K — 5 winning days of $200 or more
100K — 5 winning days of $360 or more
150K — 5 winning days of $580 or more
Resets after each successful withdrawal.

Other Requirements: 40% consistency rule on Instant and biggest single trade loss must not exceed biggest single trade win

Buffer zone
25K - $26,100
50K - $52,100
100K - $103,100
150K - $154,600
Cannot withdraw from buffer

Payout cap per request
25K - $850
50K - $1,500
100K - $2,000
150K - $3,000

Minimum payout: $500

---

Instant Standard Accounts

1st Payout: 6% | 2nd Payout: 5% | 3rd Payout onward: 4%

Payout frequency:
50K — 7 winning days of $100 or more
100K — 7 winning days of $200 or more

Other Requirements:
20% consistency rule on Instant Standard and biggest single trade loss must not exceed biggest single trade win

Payout cap per request:
$50,000 Account: $1,500
$100,000 Account: $3,000

Minimum payout: $250

---

Flex Accounts

Payout frequency

50K — 5 winning days of $150 or more
100K — 5 winning days of $300 or more
150K — 5 winning days of $500 or more

Max Reward per Request:

50% profits up to

$50K: $1,500
$100K: $2,500
$150K: $3,500

Minimum Payout:

$500

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Drawdown Lock on First Withdrawal on All Plans

Upon requesting the first reward, the max drawdown adjusts to starting balance + $100. For Standard accounts, withdrawing below the buffer zone also triggers this adjustment, after which the drawdown no longer trails.

Reward Processing

Processed within 24 business hours (Mon–Fri, 8 AM–4 PM CT) via Riseworks
Crypto payments available for amounts under $1,000 (case-by-case basis)
Flat $35 processing fee on first reward each month

Withdrawal Guarantee

$500 added to payment if not processed within 24 business hours (excludes delays outside their control)

Contract Scaling Explained

https://help.aquafutures.io/en/articles/10080189-scaling-plan

Aqua Funded

Best for

Watch out for

Routes to funding

Instant Funding Standard

Instant Funding Pro

Dolphin Challenge (1-phase)

Ray Challenge (1-phase)

Ray Challenge (2-phase)

Dolphin Challenge Pro

Ray Challenge Pro

Dolphin Challenge (2-phase)

Sea Horse Challenge (1-phase)

Fish Challenge (1-phase)

Shark Challenge (1-phase)

Fish Challenge (2-phase)

Sea Horse Challenge (2-phase)

Fish Challenge Pro

Whale Challenge Pro

Shark Challenge Pro

Shark Challenge (2-phase)

Whale Challenge (1-phase)

Whale Challenge (2-phase)

Sea Horse Challenge Pro

Pay Later

Elite

Flex (forex)

Beginner Evaluation

Standard Evaluation

Instant Standard

Flex (futures)