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Updated 2026-03-08
AquaFunded vs Sway Funded: Which Prop Firm Is Better?
Traders choosing between AquaFunded and Sway Funded face a decision between a comprehensive, established offering and a more limited competitor. AquaFunded provides multiple trading platforms (MT5, MatchTrade, TradeLocker, cTrader) and clear payout structures, while Sway Funded offers a single-phase evaluation without daily loss limits. This comparison examines the key differences in evaluation requirements, trading conditions, and support systems to help you determine which firm aligns with your trading strategy and risk management approach.
A
AquaFunded
Est. 2023 · N/A
4.3
200 reviews
VS
6 wins
5 ties
2 wins
SF
Sway Funded
Est. 2023 · N/A
4
200 reviews
Feature
AquaFunded
Sway Funded
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
Sway Funded
Pros
+Rapid expansion with acquisitions of MyFlashFunding, Glow Node, and Karma Prop
+Growing community of over 70,000 traders
+Awarded large trader payout of $165,000
+Focus on trader experiences as core mission
Cons
−Relatively new firm founded in 2024
−Limited detailed information available on trading rules and conditions
−No specific account sizes or pricing information provided
Our Verdict
Which Should You Choose?
AquaFunded is the clear choice for most traders, particularly those who value platform flexibility, consistent payouts, and transparent trading conditions. With bi-weekly payouts, multiple platform options, and allowing news trading and EAs, it caters to diverse trading styles from scalpers to automated traders. The firm's 4.3/5 Trustpilot rating from 200 reviews and comprehensive rule structure provide confidence for serious traders.
Sway Funded's single-phase evaluation and lack of daily loss limits might seem appealing, but the absence of clear information about platforms, payouts, and trading conditions raises significant concerns. Without transparent pricing, payout splits, or platform availability, traders cannot properly assess the firm's viability. Choose AquaFunded unless you specifically need the flexibility of no daily loss limits and are comfortable with limited transparency from your prop firm.
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.