Futures prop firm review
AquaFutures review
AquaFutures is a newer futures evaluation firm. Its main product uses an end-of-day drawdown, the drawdown line steps up only once the session closes, so unrealized intraday profit does not move your risk line. The firm runs a one-step evaluation and covers standard account sizes from $25K through $150K. Traders pick AquaFutures when they want predictable overnight drawdown behavior; they avoid it when they want the long payout history of an established firm.
AquaFutures
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At a glance
Best-fit trader
Session-focused intraday futures traders who prefer an end-of-day drawdown over an intraday trailing model and want a simple one-step evaluation.
Main rule to understand first
End-of-day drawdown looks friendly on paper but means the drawdown line does not step up until the session closes, sizing into a winner intraday still gives back every tick of risk room at the next session open.
Quick facts
| Firm | AquaFutures |
|---|---|
| Account sizes | $25,000 – $150,000 |
| Drawdown type End-of-day drawdown: the line only trails based on the session's closing balance, not intraday highs. The drawdown locks once the session-close equity reaches the initial balance plus the account's buffer. | End-of-day |
| Profit split | 90/10 |
| Payout cadence | bi-weekly |
| Min payout | $250 |
| Platforms | Tradovate, NinjaTrader, Rithmic, TradingView |
| News trading | Restricted, check firm rules |
| Copy trading | Allowed |
| Minimum trading days | 7 days |
| Country (HQ) | United States |
Pricing and PIP discount
Full-price evaluations, the PIP-adjusted price estimate, reset and activation fees, and the minimum out of pocket to reach a first payout.
| Account | Full price | With PIP | Reset | Activation | Min. out of pocket |
|---|---|---|---|---|---|
$25K Evaluation Target $1,500 · Max loss $1,500 · Daily loss $500 | $149 | $75 | $49 | $119 | $194 |
$50K Evaluation Target $3,000 · Max loss $2,000 · Daily loss $1,100 | $179 | $90 | $79 | $119 | $209 |
$100K Evaluation Target $6,000 · Max loss $3,000 · Daily loss $2,200 | $239 | $120 | $99 | $119 | $239 |
$150K Evaluation Target $9,000 · Max loss $4,500 · Daily loss $3,000 | $349 | $175 | $149 | $119 | $294 |
PIP price applied to the evaluation only. Reset and activation fees shown at full price. Minimum out of pocket assumes you pass on the first attempt. Always confirm at checkout, offers change.
Rule summary
Plain-English rules pulled from the firm's published policies. Always verify on the firm's site before purchase.
| Drawdown type End-of-day drawdown: the line only trails based on the session's closing balance, not intraday highs. The drawdown locks once the session-close equity reaches the initial balance plus the account's buffer. | End-of-day (EOD) drawdown |
|---|---|
| Profit target Targets and limits scale with the account tier, see pricing. | $1,500 on the $25K Evaluation |
| Max loss | $1,500 on the $25K Evaluation |
| Daily loss limit | $500 on the $25K Evaluation |
| Consistency rule At payout request, no single trading day may exceed 30% of lifetime profit. Verify against AquaFutures' current payout policy before withdrawal. | Yes, no single day may exceed 30% of total profit |
| News trading | Restricted, check firm rules |
| Copy trading | Allowed |
| Scalping | Allowed |
| Overnight holds | Not allowed |
| Minimum trading days | 7 days |
| Inactivity limit | 10 days |
| Max contracts (by account) |
|
| Daily loss limit | AquaFutures applies a separate daily loss limit on top of the max loss drawdown. Hitting the daily limit fails the day, not just the trade. |
| Session close timing | The EOD drawdown calculation is tied to the daily settlement window. Trades still open when the window closes are evaluated at the settlement price. |
Payouts
| First payout eligibility | After 14 trading days |
|---|---|
| Minimum payout | $250 |
| Maximum payout | Uncapped |
| Profit split | 90% trader / 10% firm |
| Payout cadence | bi-weekly |
| Payout methods | Bank wire, Crypto, Rise |
Conditions to satisfy on payout request
- Must satisfy the consistency rule at payout request.
- Minimum trading day count must be met on the funded account.
- Initial profit buffer must be cleared before the first payout on larger tiers.
Common reasons payouts are rejected
- Single winning day above the allowed share of lifetime profit.
- Requesting payout before meeting the minimum trading day count.
- Hitting the daily loss limit on the evaluation or funded account.
AquaFutures is a newer firm, payout history is shorter than the established futures firms. Re-check the current policy before funding a larger account.
Who it fits / who should avoid it
Who AquaFutures fits
- Session-focused intraday traders who want end-of-day drawdown behavior.
- Traders who prefer a simple one-step evaluation without scaling plans.
- Traders who want a daily loss limit to cap a bad session early.
Who should avoid AquaFutures
- You want a firm with a multi-year public payout record.
- Your edge relies on holding contracts overnight.
- You prefer trailing drawdown that steps up intraday with your equity.
FAQs
Does AquaFutures honor code PIP?
Is AquaFutures the same as AquaFunded?
What kind of drawdown does AquaFutures use?
Is there a daily loss limit?
Can I hold positions overnight on AquaFutures?
How long until the first payout?
Alternatives worth comparing
Not sure AquaFutures fits? Here are three other futures prop firms worth comparing on rules and cost.
Hybrid drawdown
MyFundedFutures
Code PIP
current offer
US futures prop firm offering three program tiers, Starter, Expert, and Milestone, with end-of-day drawdown on the Expert and Milestone tracks and a one-step evaluation.
- Split
- 90/10
- Min payout
- $1000
- Accounts
- 6
Platforms/Tradovate, NinjaTrader, Rithmic
Trailing drawdown
Apex
80%
off with code PIP
High-profile US futures prop firm known for frequent promo cycles, trailing-drawdown evaluations, and a large catalog of account sizes.
- Split
- 90/10
- Min payout
- $500
- Accounts
- 7
Platforms/Tradovate, NinjaTrader, Rithmic
End-of-day drawdown
Take Profit Trader
40%
off with code PIP
US futures prop firm running a one-step evaluation with end-of-day drawdown and a 90/10 profit split after the initial withdrawal threshold.
- Split
- 90/10
- Min payout
- $250
- Accounts
- 4
Platforms/TopstepX, Tradovate, NinjaTrader
Change log
- Apr 15, 2026Offer update
Confirmed PIP discount at 50% off eligible evaluation accounts.
- Mar 18, 2026Rule change
Verified end-of-day drawdown behavior unchanged after most recent policy update.
- Feb 1, 2026Payout update
Re-checked payout cadence, bi-weekly with a minimum trading day requirement on the funded account.
Sources
- Partner: https://pipback.com/best-futures-prop-firms/(checked Apr 15, 2026, confidence high)
- Firm terms: https://aquafutures.io/rules(checked Apr 10, 2026, confidence medium)
- Firm terms: https://aquafutures.io/accounts(checked Apr 10, 2026, confidence medium)