AquaFunded, the newest addition to the world of proprietary trading firms, offers a unique path for traders aiming to kickstart their prop trading careers. Incorporated on October 9, 2023, AquaFunded provides a choice between a two-step and a one-step evaluation program. Today, we delve into the details of the AquaFunded Two-Step Evaluation, designed to facilitate a smoother entry for aspiring traders.
A Comprehensive Guide to AquaFunded Two-Step Evaluation
The AquaFunded Two-Step Evaluation program is meticulously crafted to identify and nurture profitable traders capable of adept risk management across two distinct phases, with account sizes ranging from $10,000 to $200,000.
Phase One: The First Challenge
- Objective: Achieve an 8% profit target without exceeding a 5% maximum daily loss or an 8% overall loss limit.
- Leverage: Up to 1:100, providing substantial flexibility in your trading approach.
- Timeframe: Trade at your own pace with no minimum or maximum trading day requirements, focusing solely on meeting the profit target without violating loss limits.
Phase Two: The Final Step
- Objective: Reach a 4% profit target while adhering to the same daily and overall loss restrictions as in Phase One.
- Timeframe: Continue trading with no time constraints, ensuring that you hit the profit goal without breaching the loss parameters.
Successful completion of both phases secures a funded account, offering the freedom to trade without minimum withdrawal constraints but maintaining adherence to the 5% maximum daily loss and 8% overall loss rules.
AquaFunded’s Two-Step Evaluation Program represents a golden opportunity for traders to prove their skill and discipline, setting the stage for a successful and rewarding prop trading career.
