Costs & Pricing
Refundable Fee
Definition
A challenge fee that is returned to the trader after they pass the evaluation and receive their first payout.
How It Works
Many prop firms refund the challenge fee as part of your first profit payout. For example, if you paid a $500 challenge fee and earned $3,000 in profits, your first payout would be $3,000 + $500 = $3,500 (assuming 100% refund).
This effectively makes the challenge free for successful traders. However, not all firms offer refundable fees, and some only refund a portion.
Always verify the refund policy before purchasing a challenge — a refundable $500 fee is effectively cheaper than a non-refundable $300 fee if you pass.
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