What is Reset Fee?
A discounted fee — typically 50-70% of the original challenge price — paid to immediately retry a failed prop firm evaluation without buying a brand-new account.
A reset fee is the discounted price a prop firm charges to restart a failed challenge. Instead of paying full price for a new evaluation account, the trader pays 50% to 70% of the original fee — typically $40 to $300 depending on account size — and the same account is reset to its starting balance with the same rules.
The reset is available immediately after a breach, but most experienced traders intentionally wait 7 to 14 days. The cool-down lets the emotional state reset, allows time for a written post-mortem, and prevents the most common pattern of failure: paying for a reset within 24 hours of a fail, hitting the same rule, and burning the fee again.
A few firms (FundingPips, The5ers' Bootcamp, FundedNext during specific promo cycles) offer a free reset under specific conditions — usually if Phase 1 was cleared but Phase 2 was failed. Always log into the firm's dashboard after a breach to check whether a free reset voucher is available before paying.