If we gave you $200k instant funded today
What's the first trade you're taking?
AquaFunded
Dubai-based prop firm offering instant simulated funding, multi-step challenges, and up to a 100% profit split
4.1/ 5
Our score
Very good
Evaluation
1-step2-step3-stepInstant funding
Challenge fee
$283 for 100k account
Profit split
90% - 100%
Payout frequency
Bi-weekly, on-demand upgrade available
Markets
CryptoForexIndicesCommodities
What is AquaFunded?
AquaFunded is a proprietary trading firm offering access to simulated capital accounts ranging from $2,500 to $400,000. Traders can choose between evaluation challenges and instant funding, trading simulated pairs across crypto, forex, indices, and commodities while receiving up to a 100% split on gains.
Company and leadership
Founded in December 2023, AquaFunded operates under Aqua Funded FZCO, headquartered at the IFZA Business Park in Dubai Silicon Oasis, UAE, alongside an entity registered in Saint Lucia as AquaFunded LTD. The firm is owned by parent entity AquaFunds and is led by co-founder and CEO Jason Blax, who has a background in direct-to-consumer branding. Co-founder Sean Bainton serves in an advisory management capacity and is also the CEO of prop trading firm Blue Guardian. Operational support is managed by a team of 37 employees.
Funding models and trading conditions
Traders can select one-step, two-step, or three-step evaluation models, as well as an Instant Funding track that bypasses testing phases. Account sizes scale up to $4,000,000 through the platform's scaling plan. AquaFunded supports trading on MetaTrader 5, cTrader, TradeLocker, and MatchTrader. Maximum leverage varies by asset class: forex provides up to 1:100 during evaluation phases and 1:50 on funded stages, indices and commodities offer up to 1:20, and cryptocurrency positions are capped at 1:2 leverage. News trading and weekend holding are permitted across models without automated stop-loss requirements.
Fees and payout structure
Evaluation fees depend on account size, such as a refundable $283 fee for a $100,000 challenge account, with no separate activation fee. AquaFunded also provides an entry trial account called Try Aqua, giving $1,000 in simulated balance for a $1 fee. Standard funded accounts pay out bi-weekly with a 90% split on gains, though traders can purchase add-ons at checkout to upgrade to a 100% split or unlock on-demand reward withdrawals. Payouts require identity verification and are processed via Riseworks.io for bank transfers and crypto, with stablecoin payouts supported in USDC.
Eligibility and operational track record
AquaFunded serves international users but restricts traders located in Vietnam, Pakistan, Thailand, Cuba, Iran, North Korea, Syria, Myanmar, and Kenya. As of October 2026, the company reports over 330,000 registered traders and more than $8,500,000 disbursed in cumulative trader rewards.
Trade-offs and key risks
Trading takes place on simulated demo environments rather than live liquidity pools. Cryptocurrency leverage is capped at 1:2.
Founders
Jason BlaxCo-Founder and CEO
Direct-to-consumer branding background.
Sean BaintonCo-Founder
CEO of Blue Guardian prop firm.
Best for:CFD traders wanting instant capitalSwing traders holding over weekendsTraders targeting 100% profit splits
Pros and cons
Pros
- Instant funding bypasses multi-step challenge evaluations entirely
- Profit splits reach up to 100% with paid add-ons
- No restrictions on holding trades over weekends or during news releases
- Refundable entry fees on evaluation challenge accounts
- Low-cost $1 trial offering $1,000 in simulated demo capital
Cons
- Crypto trading leverage is restricted to 1:2
- Trades execute in simulated environments rather than live market liquidity
- Identity verification is mandatory prior to receiving profit rewards
- Prohibits users from Vietnam, Pakistan, Kenya, and several other jurisdictions
Our review
4.1/5
Very good
AquaFunded offers bi-weekly payouts and profit splits up to 100%, but cryptocurrency leverage is capped at 1:2 on simulated trading accounts.
AquaFunded is a Dubai-based proprietary trading firm established in December 2023 by CEO Jason Blax alongside Blue Guardian founder Sean Bainton. Operating legally as Aqua Funded FZCO in the United Arab Emirates and AquaFunded LTD in Saint Lucia, the firm serves over 330,000 registered traders across simulated markets. Traders can choose between standard one-step, two-step, or three-step evaluations or pay a premium to bypass evaluation through instant funding accounts. Capital allocations range from $2,500 up to $400,000, with scaling plans reaching $4,000,000.
Challenge fees are fully refundable, and standard profit splits begin at 90%, with an optional add-on to secure a 100% split. Payouts process bi-weekly through Rise or directly in crypto using stablecoins like USDC, backed by an explicit 24-hour turnaround payout guarantee. The firm permits news trading and weekend holding without mandatory stop-loss constraints, and offers multiple trading platforms including MetaTrader 5, cTrader, TradeLocker, and MatchTrader.
Cryptocurrency trading leverage is capped at 1:2, compared with forex leverage of up to 1:100 during evaluation stages and 1:50 on funded accounts. Payouts require identity verification via Rise or crypto settlement rails, and traders from several jurisdictions, including Vietnam, Pakistan, Kenya, and Cuba, are barred from registering.
Specs
| Evaluation | 1-step, 2-step, 3-step, Instant funding · unverified |
|---|---|
| Account sizes | $2.5K - $400K · unverified |
| Challenge fee | $283 for 100k account · unverified |
| Profit split | 90% - 100% · unverified |
| Payout frequency | Bi-weekly, on-demand upgrade available · unverified |
| Payout methods | Rise, Bank transfer, USDC, Crypto · unverified |
| Crypto leverage | 1:2 · unverified |
| Trading platforms | MetaTrader 5, cTrader, TradeLocker, MatchTrader · unverified |
| Markets | Crypto, Forex, Indices, Commodities · unverified |
| KYC required ⓘ | Yes · unverified |
| Restricted countries | Vietnam, Pakistan, Thailand, Cuba, Iran, North Korea, Syria, Myanmar, Kenya · unverified |
Not disclosed by the provider: Daily drawdown limit, Maximum drawdown.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Instant funding option
Bypasses challenge phases to provide immediate simulated trading capital up to $400,000.
Evaluation challenges
Features 1-step, 2-step, and 3-step evaluation structures with refundable challenge entry fees.
Upgraded profit splits
Standard contracts deliver a 90% profit split, upgradeable to 100% via an optional checkout add-on.
Diverse platform support
Executes simulated trades across MetaTrader 5, cTrader, MatchTrader, and TradeLocker.
Flexible trading rules
Permits holding positions over weekends and executing strategies during news events without mandatory stop-loss rules.
Crypto and fiat rewards
Disburses rewards via Riseworks.io with support for bank wires and USDC stablecoins.
Inside AquaFunded
One Step
A single-phase evaluation model allowing traders to secure a funded account after passing one set of profit targets.
Two Step
A traditional two-phase evaluation challenge designed to assess risk management and trading consistency before allocating funded simulated capital.
Instant
A direct funding account option that skips evaluation phases entirely and grants access to simulated capital allocations up to $400,000.
Flex
A model designed without consistency rules that supports up to three payout cycles per account before closing.
Try Aqua
A $1 entry-level trial account that supplies traders with $1,000 in simulated capital to test conditions without risking significant capital.
AquaFunded screenshots
What users say about AquaFunded
User feedback for AquaFunded is currently insufficient to determine overall sentiment or identify key strengths and weaknesses.
Based on 1 Reddit posts and comments from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used AquaFunded? Share your experience below.
FAQ
Who founded AquaFunded?
AquaFunded was co-founded in December 2023 by CEO Jason Blax alongside Sean Bainton, who also serves as CEO of Blue Guardian.
What profit split does AquaFunded provide?
AquaFunded offers a baseline 90% split on gains on funded simulated accounts. Traders can increase this to a 100% split by purchasing an optional checkout add-on.
What leverage does AquaFunded offer for crypto trading?
Cryptocurrency trades are restricted to 1:2 leverage. Forex pairs offer up to 1:100 leverage during evaluation stages and 1:50 on funded stages.
Which countries are restricted from using AquaFunded?
Traders residing in Vietnam, Pakistan, Thailand, Cuba, Iran, North Korea, Syria, Myanmar, and Kenya cannot purchase accounts or receive payouts.
How does AquaFunded process trader payouts?
Payouts occur on a bi-weekly cycle with a $100 minimum withdrawal, processed via bank transfer or crypto through Riseworks.io, or in USDC for amounts under $1,000.
Latest from AquaFunded on X
We are rated 9.4/10 across review sites.
Rated by real traders, not us. https://t.co/y2logmLOir
Rated by real traders, not us. https://t.co/y2logmLOir
✔️ Valelisa made $2,981.40
✔️ Jackson made $2,708.20
✔️ Erick made $3,264.01
✔️ Upender made $2,424.56
This is discipline.
This is patience.
This is traders showing up and getting rewarded. 👏 https://t.co/eqlS7Jnjt3
✔️ Jackson made $2,708.20
✔️ Erick made $3,264.01
✔️ Upender made $2,424.56
This is discipline.
This is patience.
This is traders showing up and getting rewarded. 👏 https://t.co/eqlS7Jnjt3
330k+ traders. 8.5M+ paid out.
Join them at https://t.co/ZYgdaxLxTr https://t.co/fqBgvKzSLu
Join them at https://t.co/ZYgdaxLxTr https://t.co/fqBgvKzSLu
Another set of traders just proved what is possible 👏 https://t.co/Z0RP49oAcM
Recent public posts from @AquaFunded, shown as published. Not reviewed or endorsed by CryptoReview.
Latest from AquaFunded on Telegram
AquaFunded
Join
@aquafundedofficial · 13.6K subscribers
35% OFF all accounts - Our BIGGEST sale yet! 🎃
✔️ 35% OFF all accounts
✔️ 100% Profit Split and On-demand payouts available
✔️ 200% Refund on CFD accounts
Get funded now at 👉 https://aquafunded.com
✔️ 35% OFF all accounts
✔️ 100% Profit Split and On-demand payouts available
✔️ 200% Refund on CFD accounts
Get funded now at 👉 https://aquafunded.com
1.9K View on Telegram
2-Step Elite just got an upgrade!
Maximum loss goes from 10% to 12%, plus a new and improved strike system.
More room to trade, same Elite rules otherwise.
Get yours now at https://aquafunded.com/
Maximum loss goes from 10% to 12%, plus a new and improved strike system.
More room to trade, same Elite rules otherwise.
Get yours now at https://aquafunded.com/
2.6K View on Telegram
25% OFF all accounts for limited time only! 🎃
CFD:
✔️ 25% OFF all accounts
✔️ 100% Profit Split and On-demand payouts available
✔️ 150% Refund
Futures:
✔️ 4 New Models available
✔️ Payout Guarantee
✔️ No consistency and no DLL options available
Get funded now at 👉 aquafunded.com
CFD:
✔️ 25% OFF all accounts
✔️ 100% Profit Split and On-demand payouts available
✔️ 150% Refund
Futures:
✔️ 4 New Models available
✔️ Payout Guarantee
✔️ No consistency and no DLL options available
Get funded now at 👉 aquafunded.com
4.2K View on Telegram
25% OFF all accounts is here! 🍁
✅ 25% OFF all accounts
✅ 100% Profit Split and On-demand payouts available
✅ 150% Refund
Get funded now at 👉 https://aquafunded.com
✅ 25% OFF all accounts
✅ 100% Profit Split and On-demand payouts available
✅ 150% Refund
Get funded now at 👉 https://aquafunded.com
5.7K View on Telegram
Recent posts from the official Telegram channel @aquafundedofficial, shown as published. Not reviewed or endorsed by CryptoReview.
Alternatives to AquaFunded
Kraken-owned crypto prop firm offering single-phase evaluations and on-demand USDC payouts
KYC required1-stepCrypto · Indices +1$5,000 to $200,000
Prop trading firm founded in 2015 offering simulated accounts up to $200,000 and 90% reward ratios
KYC required1-step · 2-step +1Crypto · Forex +3Up to $200,000
Crypto and futures prop firm offering simulated funding with payouts via crypto and Rise
1-step · 2-step +2Crypto · Forex +2$5,000 to $400,000
Prop trading firm founded in 2016 offering multi-asset challenges scaling up to $4M
KYC required1-step · 2-step +2Crypto · Forex +3From $149
Crypto and multi-asset prop firm with static drawdown, instant funding, and a 48-hour payout guarantee
KYC required1-step · 2-step +1Crypto · Forex +2$3,000 to $300,000
Simulated proprietary trading firm offering challenges from $29 with profit splits up to 90%
KYC required1-step · 2-stepCrypto · Forex +3$5,000 to $200,000