What happens when I fail a prop firm challenge and what are my reset options?
When a trader breaches a rule or fails to hit the target within the time limit, the challenge is failed. Most firms offer a paid reset or a discounted retry. Some firms now offer free resets or partial refunds for rule-breach failures where the trader was close to passing.
What happens when I fail a prop firm challenge and what are my reset options?
When a trader breaches a rule or fails to hit the target within the time limit, the challenge is failed. Most firms offer a paid reset or a discounted retry. Some firms now offer free resets or partial refunds for rule-breach failures where the trader was close to passing.
Key Points
- Challenge failure triggers a paid reset or new purchase
- Reset fees are usually discounted from original price
- Free resets are offered by select firms (e.g. BrightFunded, FundingPips)
- Rule breaches (drawdown) fail the challenge immediately
- Some firms offer "second chance" discounts via email after failure
Firm Comparison
| Firm | Policy | Threshold | Consequence |
|---|---|---|---|
| FTMO | Challenge Reset | Available for a fee | Resets progress and drawdown |
| FundingPips | Challenge Reset | Not offered | Must repurchase |
| FXIFY | Challenge Reset | Not typically offered | Repurchase required |
| BrightFunded | Challenge Reset | Not offered | Repurchase required |
| The5ers | Challenge Reset | Not offered | Repurchase required |
| E8 Markets | Challenge Reset | Not offered | Repurchase required |
| Finotive Funding | Challenge Reset | Not offered | Repurchase required |
| Think Capital | Challenge Reset | Not offered | Repurchase required |
Frequently Asked Questions
What is a challenge reset?
It is an option some firms offer to reset your challenge account balance and drawdown metrics to starting conditions without repurchasing.
How much does a challenge reset cost?
At FTMO, resets are typically offered at a discounted fee compared to buying a new challenge.
Should I reset or repurchase after a breach?
Compare the reset fee vs. a new challenge price — sometimes repurchasing with a promo code is cheaper.
Does a challenge reset affect my trading history or statistics?
Yes — a reset clears your existing stats and starts fresh from the original account conditions.