Forex prop firm · review & rules
A Dubai firm with a large plan menu (1/2/3-step + instant, Standard & Pro), a 90% split (100% add-on) and a 24-business-hour payout guarantee. Hedging, martingale and no-stop-loss are all allowed, but two −2% open-loss rules (a per-trade kill switch and the Wave Stop) plus a tiered consistency rule and ±5-min news profit-stripping are the real constraints.
▶AquaFunded Floating Kill Switch: The Rule That Voids Accounts — 43s explainer, decoded by FundedWiki
A short explainer for each rule — tap one to watch and read the full breakdown.
Flexible on strategy (hedging, martingale, no-SL all allowed) with a high split and fast payout guarantee — but the −2% floating-loss kill switch and the escalating Wave Stop are easy to underestimate.
Pros
Watch out
Best for: Traders who want strategy freedom (hedging/martingale/no-SL) and a high split — and who keep single-position floating loss well under 2% to avoid the kill switch.
Bottom line: Generous split and lenient strategy rules, but the dual −2% open-loss rules and the consistency tiers are the traps to internalize.
| Account sizes | $2.5K – $400K |
| Profit split | 90% (100% add-on) |
| Max scaling | $400K base (elite scaling advertised higher) |
| Platforms | MatchTrader, TradeLocker, MT5, cTrader |
| Instruments | Forex, Indices, Metals, Crypto |
| Payouts | Bi-weekly (14 days); first at 14 days after first trade; $100 min |
| Plan | Type | Max DD | Daily | Targets | Min days |
|---|---|---|---|---|---|
| 1-Step Standard | 1-Step | 6% trailing | 3% | 9% | 3 |
| 2-Step Standard | 2-Step | 8% static | 5% | 8% → 5% | 3 |
| 3-Step | 3-Step | 8% static | 4% | 6% → 6% → 6% | 3 |
| Instant Standard | Instant | 5% trailing | 3% | — | 5 |
1-Step (Standard & Pro): 6% trailing the highest balance/equity. 2-Step & 3-Step: 8% static, fixed from the initial balance. Instant: 5% trailing (freezes at the last high, never ratchets back down). Breaching total drawdown is a hard breach — immediate permanent closure.
1-Step 3%, 2-Step 5%, 3-Step 4%, Instant 3%, set from the higher of balance or equity at the 00:00 UTC reset and calculated off the initial balance. Breaching it is a hard breach — immediate closure.
If floating PnL on a position drops below −2% of the starting balance, the account is permanently closed — even if you never hit the daily or total drawdown. The threshold tightens to −1% on $300k and $400k accounts.
Gotcha: This single-position open-loss cap can void you before any drawdown rule fires — and it's stricter on the biggest accounts.
On funded accounts (not instant), at −2% open loss the system auto-closes all positions (a soft breach you can resume from). But escalation bites: the 1st Wave Stop breach cuts your profit split to 50%, and the 2nd breaches the account.
Gotcha: Wave Stop (−2% closes trades) and the max-loss-per-trade rule (−2% permanently closes the account) sit at the same threshold on different account types — confusing and easy to trip.
Standard 1/2/3-step plans have NO consistency rule. 1-Step Pro & 2-Step Pro: 25%. Instant Standard: 20%. Instant Pro & Aqua Man: 15%. No single day may equal/exceed the cap % of total payout-period profit.
Gotcha: Breaching it denies the payout (it doesn't void) until your best day's share drops below the threshold — and it exists despite the public 'no consistency rule' claim.
Unrestricted during evaluation. On funded accounts you may not open or close trades within 5 minutes before/after high-impact (red-folder) news, and FOMC events are restricted. Profits from violating trades are removed without an account breach.
Gotcha: The penalty is silent profit-stripping — your funded gains in the window just disappear.
No restrictions on holding positions overnight or over the weekend.
EAs are allowed if part of your own personal strategy; trade copiers are allowed for managing your own AquaFunded accounts (and between your own personal accounts). Copying other people's strategies/signal services is not permitted, and HFT/latency arbitrage is prohibited.
Prohibited: tick scalping (trades under ~2 minutes may be classed as such), HFT, arbitrage (latency/reverse/hedge, plus emulators), and gambling defined as margin usage exceeding 80% in a single trade. Notably ALLOWED: hedging within the same account, martingale, and trading without a stop-loss.
Gotcha: AquaFunded is permissive (hedging/martingale/no-SL OK) but classes sub-2-minute trades as tick scalping and >80% single-trade margin as gambling.
1-Step Standard: 3 days, each requiring ≥0.5% profit. 1-Step Pro: 5 days. 2-Step Standard: 3 days (Pro 5). 3-Step: 3 days. Instant: 5 days.
Gotcha: The 1-Step's 3 days each need ≥0.5% profit — a flat or losing day doesn't count, which is stricter than most peers.
90% standard split, upgradable to 100% (paid add-on). Bi-weekly (every 14 days); first payout 14 days after your first funded trade (optional 7-day upgrade). $100 minimum; under $1,000 paid in crypto, $1,000+ via Riseworks (bank or crypto). A 24-business-hour payout guarantee credits $1,000 if missed. For $200k+ accounts, the first two payout requests are capped at $10,000 each.
Gotcha: Big accounts ($200k+) have their first two payouts capped at $10k each — and there's no time limit to pass, but payouts wait 14 days after the first funded trade.
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Informational and comparison content only — not financial advice and not affiliated with AquaFunded. Rules change often; verify against AquaFunded's official terms before relying on any detail. Last reviewed Jun 5, 2026.
