AquaFunded Singapore Review
Pros (What we like)
- Excellent raw spread feeds with low slippage
- Automatic balance payouts with zero friction
- Very active community support channels
Cons (Drawbacks)
- Relatively short track record of payouts
- No local SGD bank cards
Overview: Peter's Honest Audit
AquaFunded is a UAE-based prop firm founded in 2023 that has gained popularity for its ultra-low spreads and fast payouts. They focus on providing high-quality execution feeds, utilizing institutional liquidity providers to ensure minimal slippage for day traders and scalpers in Singapore.
Their challenge fees are highly competitive, starting at just $58 for a $5,000 challenge account. The payout splits start at 80% and scale up to 90% as you demonstrate consistency.
Let's break down their drawdown rules, platforms, and Singapore tax guidelines.
AquaFunded Drawdown Limits and Rules
AquaFunded offers a 2-stage evaluation. The profit targets are 8% for Phase 1 and 5% for Phase 2. The daily drawdown is capped at 5%, and the maximum overall loss is 10%. Daily drawdown is calculated based on balance, which is much safer than trailing equity models.
Trading Feeds, cTrader and Slippage
Traders can choose MT4, MT5, or cTrader. The raw spread feeds on cTrader are excellent, with typical EURUSD spreads holding at 0.0 to 0.1 pips. Execution latency is low, averaging 130ms from Singapore, which is ideal for high-frequency scalping.
IRAS Tax Rules on AquaFunded Payouts
Any payouts you receive from AquaFunded are treated as service contractor fees and are subject to Singapore income tax. Since they are an offshore firm, no CPF contributions are made, so you must budget for your tax payments and CPF Medisave contributions manually.
Frequently Asked Questions
Does AquaFunded allow news trading?
Yes, news trading is allowed on all AquaFunded evaluation and funded accounts without any lot size restrictions.
How long do payouts take?
Payouts are processed within 24 to 48 hours of request and can be received via bank wire (using Rise) or crypto (USDT).
What is the maximum scaling limit?
You can scale your total funding up to $400,000 by hitting consistent profit targets over consecutive payout cycles.
High-Risk Alert (YMYL Compliance)
Binary options trading is highly speculative and carries a substantial risk of loss. The Monetary Authority of Singapore (MAS) has issued multiple advisories warning that retail investors dealing with unregulated offshore binary options platforms are highly likely to lose their entire capital. Up to 90% of retail retail traders blow their accounts here.
Editorial Transparency & Bias Check
Our team tests brokers using real money accounts to measure actual spreads, transaction friction, and deposit speeds. Broker ratings are calculated algorithmically based on spreads, regulation, customer service, and ease of withdrawals. We refuse payment in exchange for positive reviews. Unregulated brokers are marked clearly with risk warnings.
Written by PeterVERIFIED TRADER
Professional Retail Trader & Editor
Trading Forex, Gold (XAUUSD), and indices since 2012. Survived three margin calls and spread widenings so you don't have to. Peter reviews platforms based on actual deposit testing, spreads audit, and latency check.