As everyone is aware, we have recently listed a new Prop Firm, AquaFunded. So, as per the tradition, we will discuss their evaluation programs. AquaFunded is a proprietary trading firm that was incorporated on the 9th of October, 2023. AquaFunded also provides traders with the opportunity to choose between two account types: a two-step evaluation and a one-step evaluation. Today, we will talk about AquaFunded Two-Step Evaluation to make it easier for traders who are looking to start their prop trading journey.
AquaFunded Two-Step Evaluation Program
Here are the essential details about the program which will make the decision-making process easier for traders:
- AquaFunded’s Two-phase Evaluation provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-phase Evaluation allows you to trade with up to 1:100 leverage.
- Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to phase two, you are only required to reach the 8% profit target without breaching the maximum daily or maximum loss limit rules.
- Evaluation phase two requires a trader to reach a profit target of 4% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. To proceed to funded status, you are only required to reach the 4% profit target without breaching the maximum daily or maximum loss limit rules.
- By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 8% maximum loss rules.
If this is something you are looking for, then don’t wait anymore. End 2023 by starting your trading journey. And don’t forget to use our Discount Code (FOREXPROPREVIEWS) for a 20% Discount or read the Review.