FTMO Challenge Vs AquaFunded Challenge

Trading can be a wild ride. It's full of moments that make you feel like a genius—until the market reminds you otherwise. If you’ve been trying to crack the code with funded trading accounts, you know how tough it is to find the right fit. Prop Firm challenges, like the FTMO challenge, can be game changers. This guide will show you how to navigate these challenges smoothly, giving you the best shot at success.

Speaking of smooth sailing, AquaFunded's funded trading program might be the tool you need to trade efficiently with a funded account. Let’s get into it.

What Is the FTMO Challenge?

The FTMO Challenge is a structured evaluation that equips traders with the expertise needed for success in financial markets. It unfolds in stages, focusing on risk management, trading psychology, technical analysis, and more. FTMO offers up to $200K in capital, low entry fees, and a chance at a lucrative trading contract. This opportunity benefits new traders and seasoned pros, providing insights and strategies for navigating today’s dynamic markets.

FTMO Challenge Fees and Rules

Fees for the Challenge are straightforward. You pay $155 for a $10,000 account with an average risk level. The aggressive risk level starts at $250 for the same account size. The rules are clear: hit a profit target of 10% for the Challenge and 5% for Verification. You must also keep your maximum daily loss under 5% and total losses under 10%. Consistency is vital—trade a set minimum number of days to show you can maintain performance.

Stages of FTMO Challenge

FTMO Challenge: Step 1

The FTMO Challenge is your first step toward becoming a funded trader. You have 30 days to meet the profit target, but if you hit it sooner, you’ll move on to the next stage. You must trade for at least ten days even if you reach your goals early. You must make trades in five more days if you achieve your target in five days. These can be low-risk trades that meet the requirement.

Entering the challenge requires a one-time fee, which varies based on your account size. The good news? Once you become a funded trader, that fee will be returned to you after your first profit split.

Verification: Step 2

Verification is the second stage, doubling your time to reach your profit target to 60 days. This stage is accessible after completing the FTMO Challenge. You still need to trade for at least 10 days during this period. Once you meet the target, you’ll receive an offer from FTMO.

FTMO Trader: Step 3

By completing the FTMO Challenge and Verification, you’ve shown your worth to the firm. Now, you can manage a live account with the company. Profit splits are generally 80:20, with most of the profits ready for withdrawal. FTMO’s scaling plan might let you improve this ratio to 90:10.

Exploring a funded trading program like AquaFunded could boost your trading career. AquaFunded is a Dubai-based firm offering up to 95% profit splits and fast payouts. Get started today!

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FTMO Challenge Vs. AquaFunded Challenge

Funding Structure

AquaFunded shakes up the game with its multiple challenge types. Traders can opt for a 1-step, 2-step, 2-step pro, or 3-step challenge. You must hit specific profit targets to score funding while playing by their rules. They lean into flexible trading styles and solid leverage options.

FTMO? They've got a classic two-step process: the FTMO Challenge and Verification phase. Crush both, and you're in. You’ll trade on an FTMO account and can keep up to 90% of what you make. Simple, transparent, and efficient.

Profit Targets

AquaFunded sets moderate profit targets but differs with the account size and challenge you pick. For the 1-step challenge, you’re looking at a 9% target. The 2-step challenge? You’re aiming for 8% in Phase 1 and 5% in Phase 2. These aren’t just numbers; they’re milestones for your trading journey.

FTMO’s targets are straightforward. You have a 10% goal for the FTMO Challenge (8% if you’re going Aggressive) and a 5% target for Verification (4% for Aggressive accounts). You’ve got 30 days for the Challenge and 60 for Verification. It's time to make those trades count.

Drawdown Rules

AquaFunded puts limits on the table that every trader should note. You’ll have daily and overall drawdown restrictions, with total drawdowns ranging from 6% to 8%. Keeping within these boundaries is critical to staying in the game.

FTMO’s rules are a little more rigid. You’ve got a max daily drawdown cap of 5% and an overall limit of 10%. Step outside these lines, and you’re looking at a failed challenge. It’s about precision and control here.

Leverage Options

AquaFunded is all about flexibility in leverage. You’re looking at a maximum of 1:100 across all evaluations and funded accounts. It’s a solid setup for traders looking to make moves without too much restriction.

FTMO matches up with a similar offering. You’ve got leverage up to 1:100 for Forex and major asset classes. Whether going traditional or exploring new markets, this gives you room to maneuver.

Challenge Fees

With AquaFunded, fees scale with your ambition. A 1-step challenge starts at $50 for a $5K account and can hit $762 for a $200K account. The 2-step challenges? You’re starting at $42 and can go up to $920. It’s about finding the right fit for your trading goals.

FTMO’s fees are tied to your account size. Think €155 for a €10,000 account and €610 for a €100,000 account. But here’s the kicker: pass both phases and get that fee back. It’s a nice incentive to keep your eye on the prize.

Trading Platforms and Instruments

AquaFunded runs with MetaTrader 5. It’s a robust platform with advanced features and multi-asset support, which makes it a good choice for traders who are into trading tech.

FTMO gives you options. Trade with MetaTrader 4, MetaTrader 5, or cTrader. And you’ve got various instruments: Forex, indices, commodities, stocks, and even crypto. There’s a lot to explore and trade here.

Profit Split

AquaFunded is pushing the envelope with a 95% profit split. That’s one of the best, making it a tempting option for traders looking to maximize their earnings.

FTMO isn’t far behind, offering up to 90%. It’s a generous split; pairing it with their structure and support is a strong trader offering.

5 Tips On How To Pass The FTMO Challenge

1. Use AquaFunded for a Boost

AquaFunded, a Dubai-based trading program, offers you the chance to trade with substantial capital and enjoy up to 95% profit splits. They stand out with an 8% profit target that's easy to hit, and they offer quick bi-weekly payouts, even letting you cash out in just 7 days initially. Whether you're a newbie or have some experience, AquaFunded allows you to trade with less risk using their funds instead of your own. This UAE-based firm is designed to help you scale profits in the crowded trading market. Consider starting with AquaFunded to get off on the right foot.

2. Money Management Mastery

Effective money management is your lifeline for passing the FTMO Challenge. Start with a risk-reward ratio of 1:3. Risk 1% of your account for a 3% gain per trade. For instance, with a $10,000 account, risk $100 to potentially gain $300. Set your take profit to be three times your stop loss. This limits your exposure while maximizing potential returns. Next, reinvest your earnings using the same 1:3 ratio but now risk 4% to target 12%. Again, with a $10,000 account, risk $400 to aim for $1,200. This method allows you to reinvest your gains while maintaining a consistent risk profile.

3. Stick to a Trading System

A trading system is your set of rules for entering and exiting trades. It’s your framework for making decisions based on market analysis. You can create one or buy one from a reputable source, but having a system is crucial for navigating the FTMO Challenge. It brings order to the chaos, helping you trade consistently and confidently.

4. Record Your Trades

Keeping a detailed record of your trades is a powerful tool for improvement. You can identify patterns, refine your strategy, and avoid repeating mistakes by tracking successes and failures. Use a trading journal or a spreadsheet to document entry and exit points, position sizes, and profit or loss outcomes. This practice is invaluable for developing your skills and optimizing your approach to the FTMO Challenge.

5. Maintain a Disciplined Approach

Trading can be an emotional rollercoaster. Staying disciplined is key to success. Greed and fear can cloud your judgment, leading to poor decisions. Stick to your trading plan and the FTMO Challenge rules. Avoid letting emotions dictate your trades. A disciplined approach will help you navigate the ups and downs with a clear head.

FTMO Challenge Pros and Cons

FTMO Challenge: Low Entry Costs and Familiar Platforms

1. Affordable Entry Fee  

The FTMO Challenge starts at a relatively low cost of €155. This makes it accessible for traders who want to test their skills without a significant financial commitment. With a price like this, it’s easier to take the first step.

2. Trusted Platforms  

FTMO supports classic trading platforms like MT4, MT5, and cTrader. Traders will likely be familiar with these, so you won't have to learn a new system. You can focus on what matters—your trading strategy.

3. Attractive Profit Sharing  

Kick-off with an 80% profit share. It means you can quickly start reaping the rewards of your hard work. This percentage is quite competitive in the funded trading accounts space, offering a sense of motivation.

4. Flexible Account Options  

Choose demo deposits ranging from $10,000 to $200,000. FTMO offers different tariff plans to select one that fits your trading style. Whether you prefer standard or aggressive trading, you have an option.

5. High Leverage  

With leverage up to 1:500, FTMO allows traders to maximize their potential. This can be a game-changer, especially for those managing risk effectively.

FTMO Challenge: Strict Test Conditions and Funding Transparency

1. Tight Test Requirements  

The FTMO Challenge has stringent rules. You must make a 10% profit while keeping your losses within a 10% limit of the deposit amount. This can be a tough hurdle, especially for those who have yet to get used to trading under pressure.

2. Lack of Funding Transparency  

There’s no information on how FTMO is funded. For some, this lack of transparency could raise questions about the sustainability and security of the program. It’s something to keep in mind when considering your options.

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Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.

AquaFunded, based in Dubai, offers a funded trading program where traders can access large capital accounts and earn up to 95% profit splits. The platform's unique funding model includes manageable 8% profit targets and fast bi-weekly payouts, with the option for a first payout in just seven days. AquaFunded serves traders of all levels, from beginners to those with some experience who want to trade with less risk by using the firm's capital. 

The company aims to stand out in the crowded prop trading market and provide a trustworthy platform for traders looking to increase their profits.

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