What you risk and what you do not
A prop firm challenge is a paid evaluation. Your only cost is the fee. The account balance is virtual: a losing day reduces the simulated balance, not your bank account. If you breach the daily or maximum loss, the account is closed and you can start a new challenge — nothing else is charged.
- No deposits: you never send trading capital.
- No negative balance: losses on the account are never billed to you.
- No monthly subscription: the fee is paid once per challenge.
- Refund: full refund within 14 days of purchase if you have not placed a trade.
How to keep the cost of learning low
Start with the free trial: a $100,000 account for 14 days with the same platform and rules, no card. When you buy, choose a size where 1% risk per trade feels comfortable rather than the biggest account. A failed challenge also gives you a retry discount.