When evaluating proprietary trading firms, it’s crucial to consider their funding programs, evaluation processes, profit-sharing models, trading conditions, and overall flexibility. This comprehensive comparison between AquaFunded and The 5%ers highlights their key features, rules, and unique offerings to help traders make informed decisions.
1. Company Overview
- AquaFunded:
- Established in December 2023, AquaFunded is a Dubai-based proprietary trading firm offering traders access to significant capital through structured evaluation programs.
- The 5%ers:
- Founded in 2016, The 5%ers is an Israeli-based prop trading firm providing various funding programs, including instant funding and evaluation-based models, catering to a global audience.
2. Evaluation Programs and Funding Models
- AquaFunded:
- One-Step Challenge:
- Profit Target: 9%
- Maximum Daily Loss: 3%
- Maximum Overall Drawdown: 6% (trailing)
- No minimum trading days
- Account sizes range from $10,000 to $200,000
- Two-Step Challenge:
- Phase 1: 9% profit target
- Phase 2: 5% profit target
- Maximum Daily Loss: 3%
- Maximum Overall Drawdown: 6% (trailing)
- No minimum trading days
- Account sizes range from $10,000 to $200,000
- Scaling Plan: Traders can scale accounts up to $2,000,000 by achieving a 12% profit over three months.
- One-Step Challenge:
- The 5%ers:
- Bootcamp Program:
- Three-step evaluation with a 6% profit target per step
- Maximum Loss: 5%
- Leverage: 1:10
- Account sizes: $20,000 to $250,000
- Unlimited time to complete each step
- High Stakes Challenge:
- Two-step evaluation
- Phase 1: 8% profit target
- Phase 2: 5% profit target
- Maximum Daily Loss: 5%
- Maximum Loss: 10%
- Leverage: 1:100
- Account sizes: $5,000 to $100,000
- Unlimited time to complete each phase
- Hyper Growth Program:
- Instant funding without evaluation
- Account sizes: $10,000 to $40,000
- Profit Target: 10%
- Maximum Loss: 6%
- Leverage: 1:30
- Scaling up to $4,000,000 by doubling the account with each 10% profit target achieved
- Bootcamp Program:
3. Profit Sharing and Payouts
- AquaFunded:
- Profit Split: Starts at 80%, increasing to 90% for consistent performance
- Payout Frequency: Bi-weekly, with the first withdrawal available after seven trading days
- The 5%ers:
- Profit Split: Up to 100%, depending on the program and performance
- Payout Frequency: Flexible, with prompt processing times
4. Trading Conditions
- AquaFunded:
- Leverage: 1:100
- Instruments: Forex, commodities, indices, cryptocurrencies
- Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
- Allows news trading, scalping, and use of Expert Advisors (EAs)
- The 5%ers:
- Leverage: Varies by program (e.g., 1:10 for Bootcamp, 1:100 for High Stakes)
- Instruments: Forex, indices, commodities, cryptocurrencies, stocks
- Platforms: MetaTrader 5 (MT5), Match-Trader
- Permits various trading styles, with some restrictions based on the chosen program
5. Fees and Costs
- AquaFunded:
- Evaluation Fees: Range from $58 to $997, depending on account size and program
- No recurring monthly fees
- The 5%ers:
- Program Fees: Vary by program and account size, starting as low as $39
- No recurring monthly fees
6. Reputation and Transparency
- AquaFunded:
- Established in 2023, with limited public feedback due to its recent inception
- The 5%ers:
- Established in 2016, with a solid reputation and positive reviews for transparency and trader support
Conclusion
Both AquaFunded and The 5%ers offer unique advantages tailored to different trader preferences. AquaFunded provides high leverage, flexible trading conditions, and a straightforward scaling plan, appealing to traders seeking a dynamic environment. In contrast, The 5%ers offers a variety of funding programs, including instant funding and substantial scaling opportunities up to $4,000,000, catering to traders who prefer structured growth and a firm with an established track record.
Traders should assess their individual goals, risk tolerance, and preferred trading styles to choose the prop firm that aligns best with their objectives.
