Alpha Capital vs Aqua Funded
Every figure below is computed from the same normalised dataset, so the two firms are measured on identical terms.
Alpha Capital vs Aqua Funded — the short answer
Alpha Capital is the cheaper route to a $100,000 funded account at $397 against $429 for Aqua Funded — a difference of $32. Aqua Funded advertises the higher profit split at 100% against 90%. Across 13 directly comparable measures, Alpha Capital leads on 7 and Aqua Funded on 1.
Where Alpha Capital wins
- Evaluation cost to a $100,000 account: $397
- Cheapest evaluation cost per $1,000 funded: $3.23
- Cheapest evaluation entry price: $27
- Instant funding to $100,000: $457
- Maximum drawdown limit: 4%
- Community rating: 4.0/5 (4)
- Founded: 2021
Where Aqua Funded wins
- Maximum advertised profit split: 100%
4.05
(4 reviews)
3.95
(9 reviews)
Cost
Evaluation cost to a $100,000 account
The fairest like-for-like price: entry prices are not comparable when the smallest account differs.
$397
$429
Cheapest evaluation cost per $1,000 funded
$3.23
$4.11
Cheapest evaluation entry price
The smallest account each firm sells — useful for a first attempt, not for comparing value.
$27
$29
Instant funding to $100,000
Priced on a different basis to an evaluation — there is no challenge to pass.
$457
$750
Programme
Evaluation types offered
1-step, 2-step, instant
instant, 1-step, 2-step
Maximum advertised profit split
Usually requires a scaling plan or a paid add-on rather than being the default.
90%
100%
Phase 1 profit target
5%
5%
Account sizes sold
$2,500, $5,000, $10,000, $25,000, $50,000 +2 more
$500, $2,500, $5,000, $10,000, $25,000 +7 more
Risk rules
Daily drawdown limit
A larger limit is more room to trade, not a better product.
3%
3%
Maximum drawdown limit
4%
3%
Maximum drawdown style
Static is fixed from your starting balance. Trailing follows your peak and is harder to trade.
Trailing
Trailing
Drawdown measured on
Equity counts open positions in real time. Balance counts only closed trades.
Equity
Equity
Payouts
Payout frequency
Not published
Payout on demand
Payout methods
Not published
Riseworks, Crypto
Payment methods accepted
Credit/Debit Card, Google Pay, Apple Pay, Cryptocurrency +1 more
Apple Pay, Credit Card, Debit Card, Crypto +1 more
Platforms & markets
Trading platforms
MT5, cTrader, DXtrade, Trade Locker +1 more
cTrader, MatchTrader, Trade Locker, MT5
Instruments
Forex, Metals, Energies, Indices
Forex, Metals, Indices, Crypto +1 more
Maximum forex leverage
More leverage is more flexibility and more risk — neither firm is better here by default.
1:100
1:100
Track record
Community rating
4.0/5 (4)
4.0/5 (9)
Founded
Longer in market is more track record, all else equal.
2021
2023
Company location
United Kingdom
United Arab Emirates
Prop Firm Pal verification
Verified
Verified
A highlighted cell means that value is more favourable to the trader on a measure with a defensible direction — cheaper, more drawdown room, a lower target. Rows where the better choice depends on how you trade, such as leverage or platform support, are shown without a highlight. Prop Firm Pal earns affiliate commission from some listed firms; this never affects the figures above.
Frequently asked questions
Alpha Capital and Aqua Funded, answered from the data above
Is Alpha Capital or Aqua Funded cheaper?
Alpha Capital is cheaper for an evaluation to a $100,000 funded account at $397, against $429 for Aqua Funded. Entry prices differ too — Alpha Capital starts at $27 and Aqua Funded at $29 — but those are for different account sizes, so they are not a like-for-like comparison.
Which has the better profit split, Alpha Capital or Aqua Funded?
Aqua Funded advertises the higher maximum at 100%, against 90% at Alpha Capital. Note that the advertised maximum usually requires a scaling plan or a paid add-on rather than applying to a first account.
What is the difference in drawdown rules between Alpha Capital and Aqua Funded?
Daily drawdown is 3% at Alpha Capital and 3% at Aqua Funded. Maximum drawdown is 4% and 3% respectively. Both use a trailing maximum drawdown.
What platforms do Alpha Capital and Aqua Funded support?
Alpha Capital supports MT5, cTrader, DXtrade, Trade Locker, Alpha Trader. Aqua Funded supports cTrader, MatchTrader, Trade Locker, MT5.
Which is rated higher by traders, Alpha Capital or Aqua Funded?
Alpha Capital scores 4.0/5 from 4 reviews and Aqua Funded scores 4.0/5 from 9 reviews on Prop Firm Pal. Review scores are trader-submitted and are independent of any commercial relationship.
Should I choose Alpha Capital or Aqua Funded?
On the 13 directly comparable measures on this page, Alpha Capital leads on 7 and Aqua Funded on 1, with 5 tied. Which of those measures matters depends on how you trade: cost matters most if you expect to need several attempts, drawdown style matters most if you hold positions overnight, and payout terms matter most once you are funded. Prop Firm Pal does not recommend one firm over another, and earns affiliate commission from some listed firms.