AQRE FX is a proprietary trading firm that offers traders opportunities to manage substantial trading accounts through its challenge-based model. The firm provides both one-stage and two-stage trading challenges, with a focus on quick access to live trading accounts.
Features & Benefits
- Evaluation Process: Simplified 1 and 2-stage evaluation processes are designed to fast-track access to live trading accounts.
- Profit Split: Starts with an 80/20 profit split, with the potential to scale up to 95/5, rewarding traders significantly for their efforts.
- Trading Platforms and Styles:
- Trading Bots: Supports the use of trading bots as long as they meet the firm’s conditions, offering flexibility in trading approaches.
- Cryptocurrency Trading: Enables trading across a broad spectrum of high and low-cap coins and crypto indices.
- Stocks & Indices: Open to major stock exchanges and indices like the Dow Jones, NASDAQ, and others.
Challenge Objectives
- Profit Targets: AQRE FX sets competitive profit targets at 8%, aiming for swift progression to funded trading.
- Account Scaling: Traders can scale their accounts up to $8,750,000, increasing their capital every time they earn 15% on their funded accounts.
- Drawdown Limits: Starts at 10% and can scale up to 16%, offering a generous drawdown capacity.
- Trading Days: No maximum trading days, providing flexibility for traders to meet challenge requirements.
- Refundable Fee: Challenge fees are fully refundable after the first payout request, enhancing the accessibility of the platform.
Trading Conditions
- Leverage: Standard leverage of 1:50 with an option to extend up to 1:100.
- Low Profit Target: The firm sets a relatively low profit target of 8% for its evaluations, facilitating quicker transitions to funded accounts.
Encore Account Rules at AQRE FX
AQRE FX has updated its account rules for the Encore Account, aiming to clarify and adjust trading conditions for their participants. These rules apply to both their new one-stage and two-stage evaluation accounts.
Evaluation Account Rules
- Profit Targets: For one-stage accounts, participants must achieve an 8% profit target. For two-stage accounts, the targets are 8% in the first phase and 5% in the second phase.
- Drawdown Limits: A daily trailing drawdown limit is set at 5%, and an overall static drawdown limit is capped at 10%.
- Trading Flexibility: There are no specified minimum trading days, and there is no maximum time limit for completing the evaluation.
- Consistency Requirements: Removed to provide flexibility in trading strategy development.
- Profit Splits: There are no profit splits on evaluation accounts, as these accounts do not engage in live market trading.
Funded Account Rules
- Profit Targets: Funded accounts do not have predefined profit targets, allowing traders to focus on developing long-term trading strategies.
- Drawdown Limits: The initial drawdown limit starts at 10% and can increase up to 16% after consecutive payouts.
- Profit Splits: Profit splits start at an 80/20 ratio and can potentially increase to 95/5 based on performance.
- Account Scaling: Participants can scale their accounts up to $8,750,000 following successful trading evaluations.
- Trading Practices: No retries are permitted on funded accounts, underscoring the importance of risk management.
Additional Trading Conditions
- Lot Limits: There are maximum lot limits which are specified according to the account balance. These limits are subject to review and removal after 90 days or three withdrawals.
- Trading Behavior: Daily and overall profit limits are enforced to manage risk. Exceeding these limits leads to automatic trade closures and potential account forfeiture after multiple infractions.
- Instrument Access: Provides leverage options across a variety of trading instruments, including indices, cryptocurrencies, forex, and commodities.
- Trading Robots: Usage of personal automated trading systems is allowed, but third-party systems are prohibited.
- Hedging: Permitted within the same account as part of risk management strategies; however, hedging across multiple accounts is strictly forbidden.
These rules are set to manage risk effectively while offering traders flexibility in how they approach their trading strategies within the framework of AQRE FX’s policies.
Beat The Bot Competition at AQRE FX
AQRE FX hosts the Beat The Bot competition, an event where participants compete against an in-house automated trading system (bot) to demonstrate their trading prowess.
Overview of the Bot
- Bot Origin: The bot was developed by AQRE’s Founder and CEO, Ronice Harrison, originally for corporate trading use. It was created to test its effectiveness in real market conditions before live account deployment.
- Bot Functionality: This bot operates based on predefined algorithms and market analysis strategies, with minimal human intervention.
Competition Rules
- Platform: The competition is conducted on the MetaTrader 5 (MT5) platform.
- Entry Fee: There is no fee to enter the competition.
- Competition Duration: It starts on May 15th, 2023, at 8:00 AM and ends on June 15th, 2023, at 5:00 PM.
- Drawdown Limits: Participants are restricted to a 5% maximum daily drawdown and a 10% maximum total drawdown.
- Trading Days: A minimum of 5 trading days is required.
- Lot Size: A maximum of 5 lots across all positions; exceeding this will trigger a soft breach, closing all open trades.
- Account Restrictions: Each participant is limited to one account. The use of Expert Advisors (EAs) and exploiting unrealistic fills in the demo environment are prohibited.
Prizes
- 1st Place: $1,000 cash.
- 2nd to 10th Place: Free $10,000 challenge account and a 50% coupon for all account sizes.
- Performance Reward: Participants who outperform the bot but do not place in the top ten will receive a $25 AQRE Swag Credit and a 50% coupon for all account sizes.
The Beat The Bot competition is designed to provide traders with a platform to test their strategies against an automated system in a controlled and competitive environment, enhancing their trading skills and offering them opportunities to win significant prizes.
Pricing Structure for Challenge Accounts at AQRE FX
AQRE FX has established a pricing model for its one-stage and two-stage challenge accounts. These accounts allow participants to demonstrate their trading capabilities with the goal of managing a funded account.
One Stage Accounts
- Account Sizes and Pricing:
- $10,000 account: $135
- $25,000 account: $295
- $50,000 account: $495
- $100,000 account: $795
- $250,000 account: $1,995
- $500,000 account: $3,995
- $1,000,000 account: $7,995
- Rules for One Stage Accounts:
- Profit Target: 8%
- Daily Drawdown: 5%
- Overall Drawdown: 10% to 16%
- Leverage: 1:50 or 1:100
- Minimum Trading Days: None
- Profit Split: Initially 80/20, with potential adjustment up to 95/5
- Trading Period: No maximum limit
Two Stage Accounts
- Account Sizes and Pricing:
- $10,000 account: $85
- $25,000 account: $175
- $50,000 account: $295
- $100,000 account: $495
- $250,000 account: $1,295
- $500,000 account: $2,485
- $1,000,000 account: $4,995
- Rules for Two Stage Accounts:
- Profit Targets: 8% for the first stage and 5% for the second stage
- Daily Drawdown: 5%
- Overall Drawdown: 10% to 16%
- Leverage: 1:50 or 1:100
- Minimum Trading Days: None
- Profit Split: Initially 80/20, with potential adjustment up to 95/5
- Trading Period: Unlimited
Both account models are structured to accommodate various levels of trading experience and capital management preferences, with flexibility regarding the duration needed to complete the challenges.
Trustpilot Reviews for Aqre FX
Aqre FX currently holds an average rating of 3.5 out of 5 stars on Trustpilot, categorized as “Average” based on feedback from 718 customers. This rating reflects mixed customer experiences, with both positive feedback and areas of concern.
Positive Highlights:
- Customer Engagement: Aqre FX is active in responding to reviews, especially negative ones, with a response rate of 90% for such feedback. This indicates a willingness to address customer issues.
- Support Team Praise: Several reviews mention effective support from team members, highlighting their efforts to assist customers through various challenges and transactions.
Common Complaints:
- Payment Delays: A recurring theme among the negative reviews is the significant delay in payouts. Customers have reported waiting for months for their payouts, with some never receiving them. Complaints include partial payments or complete non-payment despite fulfilling all trading requirements.
- Lack of Communication: Many customers have expressed dissatisfaction with the communication from Aqre FX, particularly during times of financial discrepancy. The general sentiment is that the company does not provide timely or clear updates regarding the status of payments and account issues.
- Account Management Issues: Several users have highlighted problems with how their accounts are managed, especially during transitions or platform updates. There are mentions of accounts being inaccessible or trades not being executed as expected, which has led to financial losses without adequate support or rectification from Aqre FX.
- Customer Service Responses: While Aqre FX responds to many negative reviews, some customers feel that the resolutions offered are generic and do not adequately address or resolve the underlying issues. This has contributed to a feeling of frustration and mistrust among affected users.
Advice for Traders:
Given the substantial amount of critical feedback, especially regarding financial and communication practices, traders should exercise caution when considering Aqre FX. It is advisable to:
- Research Thoroughly: Look into all available reviews and feedback to get a comprehensive understanding of the firm’s practices and the experiences of other traders.
- Evaluate Communication: Consider how the company handles inquiries and complaints in public forums like Trustpilot. Effective communication is crucial, especially in resolving disputes or technical issues.
- Consider Alternative Options: Explore other trading platforms that have a stronger track record of reliability and customer satisfaction.
- Be Prepared for Delays: If you decide to proceed with Aqre FX, be prepared for potential delays and issues, and consider how these could impact your trading strategy and financial goals.
Prospective traders should weigh the negative aspects heavily, as they indicate potential risks involved with partnering with Aqre FX. Engaging with any financial service requires careful consideration of both the rewards and risks.
