Glossary · Evaluations
Challenge fee
- Also called
- evaluation fee
- refundable fee
- challenge price
- registration fee
What it means
In a prop firm, the challenge fee is the main revenue line. It is priced by account size and program type, and it is usually non-refundable once trading starts, subject to the firm's refund policy and local consumer law.
A refundable fee is returned to the trader, typically with the first or a later payout from the simulated funded account. It is a strong conversion lever because it reframes the fee as a deposit for good traders, but it is a real cost: the refund is paid only to traders who already cost you a payout.
Add-ons change the effective fee: higher profit split, no time limit, bi-weekly payouts, or a news trading allowance, each for a surcharge. Discount codes and affiliate commissions reduce what the firm actually keeps, so net fee, not list price, is the number to model.
Related terms
Read these next.
Pricing table
Pass rate
Payout ratio
Chargeback
Account reset
On your website
Where this shows up on a prop firm site.
Challenge pricing table
Rules pages
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