It is important to take note of Aquafunded supported and restricted countries, especially for traders who wish to join the prop firm. Sean Bainton, Jason Blax, and Franco Crean established AquaFunded, a proprietary trading company (prop firm) registered in Dubai with the formal name Aqua Funded FZCO, in December 2023. CEO Jason Blax is in charge. Forex, cryptocurrency, commodities, indices, and metals are just a few of the financial products that traders can trade on AquaFunded. Traders can expand their funding up to $2 million with their scaling strategy. However, AquaFunded has certain limitations about the nations from which it admits traders, just like a lot of prop firms. Aquafunded supported and restricted countries will be examined in this article.
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Aquafunded Supported Countries
It identifies the nations from which it does not accept traders, but it does not specifically name all of the nations it supports. Any nation that is not on the restricted list is most likely supported.Ā
Aquafunded Restricted Countries
AquaFunded restricted countries includes the following;
- Cuba
- Iran
- Syria
- Pakistan
- Vietnam
- Thailand
- Kenya
- Myanmar
- Albania
- Algeria
- Brazil
- Bulgaria
- Japan
- Jordan
- North Korea
- Senegal
- Singapore
- Malaysia
- Indonesia
- Philippines
Justifications for Restrictions
Regulatory and compliance concerns are probably the cause of these limitations. International laws pertaining to anti-money laundering (AML) and counter-terrorism funding (CTF) must be followed by financial institutions and business enterprises. To reduce risk, nations with lax financial regulations or those subject to international sanctions are frequently added to restricted lists.
Effect on Traders
Due to the restrictions, traders who live in the countries on the list are unable to access AquaFundedās funding or rewards. For traders in certain areas, this restriction can be a major barrier because it limits their access to international trading opportunities. It is imperative that traders remain aware of these limitations and any upcoming modifications.
AquaFunded Company Information
- Legal Name: Aqua Funded FZCO
- Registration No.: 35582
- CEO: Jason Blax
- Address: Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates
AquaFunded Challenge Details
It offers multiple challenge types, including One Phase, Two Phase Standard, Two Phase Pro, Three Phase Challenge, Instant Standard, and Instant Pro.
One Step Challenge Details
- Prices:
- $5,000: $67
- $10,000: $113
- $25,000: $227
- $50,000: $327
- $100,000: $527
- $200,000: $1017
- Rules:
- Profit Target: 9%
- Total Loss: 6%
- Daily Loss: 3%
- Profit Share: 90%
- Drawdown Type: Trailing Drawdown
- Time Limit: Unlimited
- Leverage:1:100 on Forex
- Leverage (Funded Phase):1:50 on Forex
- Max Lot Size: No limit
- Payout Frequency: 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 3 Days
Trading Platforms and Instruments
AquaFunded supports trading on MatchTrader and Trade Locker. The available trading instruments include Forex, Crypto, Commodities, Indices, and Metals.
Additional Information
- AquaFundedās broker is ThinkMarkets.
- The maximum account allocation is $200,000.
- The scaling potential reaches up to $2,000,000.
- AquaFunded does not organize trading competitions or offer free trials.
- Withdrawals are facilitated through Crypto and Rise.
- AquaFunded accounts are demo accounts with virtual funds operating in a simulated environment using real market quotes.
Conclusion
AquaFunded is a prop firm based in Dubai that offers traders the opportunity to access capital and trade various financial instruments. However, itās essential to note the firmās restrictions, including Aquafunded supported and restricted countries. These restrictions are based on international regulations and compliance requirements. Traders should verify their eligibility and ensure they comply with all the firmās rules and policies.
Frequently Asked Questions
Why Does Aquafunded Restrict Certain Countries?
- Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.
How Can I Verify If My Country Is Supported By Aquafunded?
- You can check your eligibility by visiting Aquafunded official website or reviewing their terms of service for the most current list of supported and restricted countries.
What Should I Do If My Country Is Restricted?
- If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.
