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Updated 2026-03-08
AquaFunded vs Leveraged: Which Prop Firm Is Better?
Traders choosing between AquaFunded and Leveraged face a decision between a feature-rich multi-phase program versus a streamlined single-phase approach. The most significant difference lies in evaluation structure—AquaFunded requires a two-phase challenge with a 5% Phase 2 profit target, while Leveraged eliminates this entirely with their single-phase system. AquaFunded also offers superior platform diversity and bi-weekly payouts, contrasting with Leveraged's focus on removing daily loss limits entirely. This comparison examines how each firm's structure impacts different trading styles and risk management preferences.
A
AquaFunded
Est. 2023 · N/A
4.3
200 reviews
VS
6 wins
5 ties
2 wins
L
Leveraged
Est. 2023 · N/A
4
100 reviews
Feature
AquaFunded
Leveraged
Challenge Price ($100K)
$283
N/A
Phase 1 Profit Target
10%
N/A
Phase 2 Profit Target
5%
None (single-phase)✓ Single-phase evaluation
Max Daily Loss
5%
No limit✓ No daily loss limit
Max Total Loss
10%
N/A
Time Limit (Phase 1)
No limit
No limit
Payout Split
90% (up to 100%)
N/A
Payout Frequency
bi-weekly✓ Faster payouts
N/A
AquaFunded
Pros
+Instant funding option available to skip evaluation challenges
+Up to 100% profit split with payout on demand
+No time limits on challenges — trade at your own pace
+Reward guarantee with 24-hour payout or $1000 compensation
Cons
−Relatively new firm (founded 2023) with limited track record
−Lower Trustpilot review count compared to established competitors
−Some account sizes show higher daily loss limits (5%) vs 3% standard
−Instant funding requires higher fees than challenge models
Leveraged
Our Verdict
Which Should You Choose?
AquaFunded suits traders who value platform flexibility, consistent payouts, and news trading opportunities, despite accepting stricter daily loss limits and an additional evaluation phase. With MT5, MatchTrade, TradeLocker, and cTrader support plus bi-weekly payouts, it serves traders who want comprehensive features and regular income streams. The 4.3/5 Trustpilot rating from 200 reviews also suggests stronger community trust.
Leveraged appeals to aggressive traders who prioritize unlimited daily drawdown and want to skip Phase 2 profit targets entirely. However, the lack of detailed information about their platform options, payout frequency, and trading rules makes it difficult to recommend for most traders. For the majority of prop traders seeking a well-rounded program with transparent terms, AquaFunded provides better value despite the additional evaluation requirements.
Choose AquaFunded if:
→Instant funding option available to skip evaluation challenges
→Up to 100% profit split with payout on demand
→No time limits on challenges — trade at your own pace
Disclaimer:This comparison is for informational purposes only. Prop firm rules change regularly — always verify current terms on each firm's official website before purchasing a challenge. This is not financial advice. Updated 2026-03-08.