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Info
Popularity & Trust
Trust Pilot Reviews: 651
Trust Pilot Rating: 4.4
Last Update: October 18, 2024
Exist: 11 Months
Trust Score: 7.2 / 10*
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $117
25K Fee: $222
50K Fee: $312
100K Fee: $485
Price Score: 107*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 10%
P2 Target: 5%
Max Drawdown: 10%
Max Daily DD: 10%
Difficulty Score: 1.5*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 4.7 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
VALUE NOTES
We analyzed the 2-Step Pro challenge. Keep in mind, the other challenges have lower targets, but you also have lower margin when you get funded. Some even have trailing margins. Very sneaky by this firm.
Rules & Restrictions
Leverage: 50:1
Daily Drawdown Type: 🙁 Equity / Balance
Challenge Time Limit: 😀 No Time Limit
News Trading: ❌ No (Auto Close)
Hold Weekends: ✅ Yes
EA's : ✅ Some Allowed
NEWS TRADING
Trades executed on your FUNDED ACCOUNT, please refrain from Opening/Closing trades 5 minutes before and 5 minutes after red folder (high-impact) news events. Any profits earned during this time will be subject to removal, without any account violation. More info: https://help.aquafunded.com/en/articles/9250988-is-news-trading-allowed
EXPERT ADVISORS
Most EAs are allowed, including trade copiers, but not HFT or Martingale. More info: https://help.aquafunded.com/en/articles/9250991-are-eas-trade-copiers-allowed
*Please visit the firms website for updated terms & conditions
Trade Cost
FOREX SPREAD
FX Commission: $5
EU Spread: 2
UJ Spread: 6
UF Spread: 6
FX Spread Score: 9.7
INDEX SPREAD
Index Commission: $0
NAS Spread: 110
S&P Spread: 50
DOW Spread: 230
Index Spread Score: 13
SWAP FEES
Swap Score -50
Payouts & Scaling
Fee Refund: 100%
Simulated Share: None
Profit Share: 90%
Scaling: ✅ Yes*
Merging: 😃 Yes
Max Combined Accounts: $400000
REFUNDS & BONUSSES
Refund on first payout.
SCALING
In order to scale your capital and grow, you must make 12% within a 3 month period. If you achieve this, we will increase your account size by 25% of your initial balance. More info: https://help.aquafunded.com/en/articles/9251044-do-we-have-a-scaling-plan
MERGING
Accounts must be on initial balance. Up to $400k
PAYOUTS
Minimum withdrawal $100
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ MetaTrader Support ✅ Hold Weekends Allowed ✅ No Challenge Time Limit ✅ Some EA’s Allowed* ✅ Challenge Fee Refund: 100% ✅ High Profit Share: 90% ✅ Merging Allowed* ✅ Bi-Weekly Payouts
❌ CON’S
❌ Slightly High Index Spread ❌ Low Challenge Value ❌ Daily DD Highest Equity/Balance ❌ News Trading Not Allowed (Auto Close)
Summary & Rating
THE UPSIDE
The main positive for this firm is MetaTrader support and the 90% profit share. You can also merge accounts up to $400K
THE DOWNSIDE
There are some major downsides to this firm. Firstly, the Max Loss for this firm is reduced, making the challenge phase harder. But what they don’t make clear is they also decrease your margin by the same amount. So normally on a 100K account you will have 10% margin, but with this firm it is 8%, so essentially you are getting the same value as a $80K account. The firm has a low Trust Ranking to go with it and the trading costs aren't even any good.
IN SUMMARY
I use to love this firm, then they changed the challenge requirements and funded margin and increased the challenge costs. Until they address those variables this firm is absolute junk and I have to rate it as Tier 5
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