Challenge Comparison Tool

Select up to 3 firms to compare their challenges, rules, and pricing side by side.

Firm 1

Alpha Trader Firm

Firm 2 (optional)

Aqua Funded

Firm 3 (optional)

	Alpha Trader Firm 7.0 Get Started	Aqua Funded 5.8 Get Started
Overview
Asset Type	CFD	CFD
Country	United States	United Arab Emirates
Established	Jan 2022	Jan 2023
Technology	White-Label	White-Label
Platforms	Match Trader, MT5, TradeLocker	DXTrade, cTrader, Match Trader
Trading Rules
Profit Split	Up to 100% (1-Step/2-Step Standard); 90% Bi-Weekly / 70% On-Demand (Instant Funding) Best	Up to 100%
Daily Drawdown	3% (1-Step & Instant) / 5% (2-Step)	None (Instant No Daily Loss plan); 3% daily (1-step, Instant With Daily Loss); 4% daily (3-step); 5% daily (2-step)
Payout Frequency	Bi-weekly (14-day) Standard 30-day at 100% split; 7-day weekly add-on at 80%; on-demand at 70%; bi-weekly default for Instant Funding at 90%	On Demand
Direct Path to Funded	✗ No	✗ No
Reviews & Reputation
Review Count	0 reviews	0 reviews
Avg. Rating	No ratings yet	No ratings yet
Pros & Cons
Main Benefits	Up to $4M total allocation. Multiple challenge models (1-Step, 2-Step, 2-Step PRO, Instant, Instant PRO). Up to 100% profit split (Standard 30-day payout). Refundable fees on 1-Step/2-Step after first payout. No time limit. News trading and overnight holding allowed. FREE 10K Instant Funded Account included with any 100K+ Challenge.	Instant funding option (no challenge required); on-demand payouts; up to 100% profit split; 100% fee refundable; payout guarantee with no denials; multiple platforms (cTrader, MT5, TradeLocker, Match Trade)
Main Drawbacks	Trader Score limit (35% Standard, 20% Instant) restricts large single-day wins. Floating PnL cap (1% Instant, 3% Standard). Trading suspended during 5-day payout review. Simulated demo environment only (per legal disclosure). Instant Funding fees non-refundable.	TrustPilot profile suspended (3.1 stars, 1,419 reviews); B safety grade; newer firm (est. 2023)
Offers & Promo Codes
Active Offers	No offers	50% off all challenges + $100 bonus WELCOME 20% off all challenges AQUA

Challenge Details

Alpha Trader Firm Challenges

21 challenges

Price	Account Size	Step	Profit Target	Max Daily Loss	Max Drawdown	Profit Split	Activation Fee
$79	$10K	2 Steps	P1: $1,000 (10%) P2: $500 (5%)	P1: $500 (5%) 5% Daily Loss Limit P2: $500 (5%) 5% Daily Loss Limit	P1: $1,000 (10% Max Loss) P2: $1,000 (10% Max Loss)	Up to 100%	None
$119	$10K	1 Step	P1: $800 (8%)	P1: $300 (3%) 3% Daily Loss Limit	P1: $600 (6% Max Loss)	Up to 100%	None
$149	$10K	Instant	P1: -	P1: $300 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $500 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None
$249	$25K	2 Steps	P1: $2,500 (10%) P2: $1,250 (5%)	P1: $1,250 (5%) 5% Daily Loss Limit P2: $1,250 (5%) 5% Daily Loss Limit	P1: $2,500 (10% Max Loss) P2: $2,500 (10% Max Loss)	Up to 100%	None
$299	$25K	1 Step	P1: $2,000 (8%)	P1: $750 (3%) 3% Daily Loss Limit	P1: $1,500 (6% Max Loss)	Up to 100%	None
$299	$25K	Instant	P1: -	P1: $750 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $1,250 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None
$349	$50K	2 Steps	P1: $5,000 (10%) P2: $2,500 (5%)	P1: $2,500 (5%) 5% Daily Loss Limit P2: $2,500 (5%) 5% Daily Loss Limit	P1: $5,000 (10% Max Loss) P2: $5,000 (10% Max Loss)	Up to 100%	None
$399	$50K	1 Step	P1: $4,000 (8%)	P1: $1,500 (3%) 3% Daily Loss Limit	P1: $3,000 (6% Max Loss)	Up to 100%	None
$449	$50K	Instant	P1: -	P1: $1,500 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $2,500 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None
$700	$100K	2 Steps	P1: $10,000 (10%) P2: $5,000 (5%)	P1: $5,000 (5%) 5% Daily Loss Limit P2: $5,000 (5%) 5% Daily Loss Limit	P1: $10,000 (10% Max Loss) P2: $10,000 (10% Max Loss)	Up to 100%	None
$749	$100K	Instant	P1: -	P1: $3,000 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $5,000 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None
$800	$100K	1 Step	P1: $8,000 (8%)	P1: $3,000 (3%) 3% Daily Loss Limit	P1: $6,000 (6% Max Loss)	Up to 100%	None
$1200	$200K	2 Steps	P1: $20,000 (10%) P2: $10,000 (5%)	P1: $10,000 (5%) 5% Daily Loss Limit P2: $10,000 (5%) 5% Daily Loss Limit	P1: $20,000 (10% Max Loss) P2: $20,000 (10% Max Loss)	Up to 100%	None
$1300	$200K	1 Step	P1: $16,000 (8%)	P1: $6,000 (3%) 3% Daily Loss Limit	P1: $12,000 (6% Max Loss)	Up to 100%	None
$1700	$200K	Instant	P1: -	P1: $6,000 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $10,000 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None
$1900	$300K	2 Steps	P1: $30,000 (10%) P2: $15,000 (5%)	P1: $15,000 (5%) 5% Daily Loss Limit P2: $15,000 (5%) 5% Daily Loss Limit	P1: $30,000 (10% Max Loss) P2: $30,000 (10% Max Loss)	Up to 100%	None
$2100	$300K	1 Step	P1: $24,000 (8%)	P1: $9,000 (3%) 3% Daily Loss Limit	P1: $18,000 (6% Max Loss)	Up to 100%	None
$2400	$300K	Instant	P1: -	P1: $9,000 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $15,000 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None
$2400	$400K	2 Steps	P1: $40,000 (10%) P2: $20,000 (5%)	P1: $20,000 (5%) 5% Daily Loss Limit P2: $20,000 (5%) 5% Daily Loss Limit	P1: $40,000 (10% Max Loss) P2: $40,000 (10% Max Loss)	Up to 100%	None
$2600	$400K	1 Step	P1: $32,000 (8%)	P1: $12,000 (3%) 3% Daily Loss Limit	P1: $24,000 (6% Max Loss)	Up to 100%	None
$3600	$400K	Instant	P1: -	P1: $12,000 (3%) 3% Daily Loss Limit + 1% floating PnL cap	P1: $20,000 (5% Max Loss)	Bi-weekly 90% / On-demand 70%	None

Aqua Funded Challenges

48 challenges

Price	Account Size	Step	Profit Target	Max Daily Loss	Max Drawdown	Profit Split	Activation Fee
$29	$5K	2 Steps	P1: 8	P1: 5	P1: 8	Up to 100%	None
$39	$5K	2 Steps	P1: 10	P1: 5	P1: 10	Up to 100%	None
$59	$5K	1 Step	P1: 9	P1: 3	P1: 6	Up to 100%	None
$60	$2.5K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$64	$2.5K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$67	$5K	1 Step	P1: 6	P1: 3	P1: 6	Up to 100%	None
$69	$10K	2 Steps	P1: 8	P1: 5	P1: 8	Up to 100%	None
$77	$10K	3 Steps	P1: 6	P1: 4	P1: 8	Up to 100%	None
$89	$10K	2 Steps	P1: 10	P1: 5	P1: 10	Up to 100%	None
$99	$10K	1 Step	P1: 9	P1: 3	P1: 6	Up to 100%	None
$113	$10K	1 Step	P1: 6	P1: 3	P1: 6	Up to 100%	None
$115	$5K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$117	$5K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$125	$25K	2 Steps	P1: 8	P1: 5	P1: 8	Up to 100%	None
$139	$25K	2 Steps	P1: 10	P1: 5	P1: 10	Up to 100%	None
$155	$10K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$157	$25K	3 Steps	P1: 6	P1: 4	P1: 8	Up to 100%	None
$158	$10K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$199	$25K	1 Step	P1: 9	P1: 3	P1: 6	Up to 100%	None
$227	$25K	1 Step	P1: 6	P1: 3	P1: 6	Up to 100%	None
$237	$50K	3 Steps	P1: 6	P1: 4	P1: 8	Up to 100%	None
$259	$50K	2 Steps	P1: 8	P1: 5	P1: 8	Up to 100%	None
$289	$50K	1 Step	P1: 9	P1: 3	P1: 6	Up to 100%	None
$299	$50K	2 Steps	P1: 10	P1: 5	P1: 10	Up to 100%	None
$310	$25K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$317	$25K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$327	$50K	1 Step	P1: 6	P1: 3	P1: 6	Up to 100%	None
$377	$100K	3 Steps	P1: 6	P1: 4	P1: 8	Up to 100%	None
$429	$100K	2 Steps	P1: 8	P1: 5	P1: 8	Up to 100%	None
$459	$100K	1 Step	P1: 9	P1: 3	P1: 6	Up to 100%	None
$465	$50K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$469	$100K	2 Steps	P1: 10	P1: 5	P1: 10	Up to 100%	None
$475	$50K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$527	$100K	1 Step	P1: 6	P1: 3	P1: 6	Up to 100%	None
$677	$200K	3 Steps	P1: 6	P1: 4	P1: 8	Up to 100%	None
$750	$100K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$767	$100K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$897	$200K	2 Steps	P1: 8	P1: 5	P1: 8	Up to 100%	None
$899	$200K	1 Step	P1: 9	P1: 3	P1: 6	Up to 100%	None
$947	$200K	2 Steps	P1: 10	P1: 5	P1: 10	Up to 100%	None
$980	$150K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$1017	$200K	1 Step	P1: 6	P1: 3	P1: 6	Up to 100%	None
$1250	$200K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$1265	$200K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$1540	$250K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$1560	$250K	Instant	P1: -	P1: 3	P1: 6	Up to 100%	None
$2099	$300K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None
$2699	$400K	Instant	P1: -	P1: -	P1: 3	Up to 100%	None

Alpha Trader Firm

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Aqua Funded

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