Reset or Buy a New Prop Firm Challenge? 2026 Guide
A prop firm reset is not automatically cheaper than buying a new challenge. Compare the reset fee with the best available new-account discount, check whether a free retry is available, and account for any refundable fees or Performance Rewards. As of 2026, FundingPips publishes phase-based reset discounts, while FundedNext has program-specific reset pricing. Other firms may require a fresh purchase or have product-specific policies.
Before paying for another attempt: Prop firm challenge reset policy 2026: reset and retry rules compared
What is the difference between a prop firm reset, a retry and a new challenge?
A reset restarts an eligible account, usually for a fee. A free retry gives an eligible trader another attempt without paying for a new challenge. A new challenge is a separate purchase, often allowing a promotional code to be applied at checkout.
The terminology is not consistent across the industry. A firm may call an option a reset, retry, re-entry or restart, so check what actually happens to your account before paying.
| Option | What it means | Typical cost | Best for |
|---|---|---|---|
| Paid reset | Restarts an eligible account | Firm-specific fee | Traders whose original purchase is still eligible for a discounted restart |
| Free retry | Gives another evaluation attempt | $0 if eligible | Traders who meet the firm's retry conditions |
| New challenge | Buys a fresh evaluation | Current purchase price, less any valid code | Traders who can get a better checkout discount |
| Switch firms | Starts with another provider | Depends on the new program | Traders whose current firm's rules do not fit their strategy |
| Pause | Delays another purchase | $0 in new challenge fees | Traders who need to review their risk management |
The important point: compare the actual amount payable today, not just the advertised reset discount.
How do prop firm reset fees, refunds and free retries work?
Reset fees vary by firm, product and account stage. Some firms calculate a reset as a percentage discount from the original purchase price; others use program-specific fees or phase-based rules. A refund or reward condition can also change the effective cost.
FundedNext reset fees
FundedNext publishes different reset conditions for different products. For example, its Stellar CFD help-centre pricing lists a $25,000 Stellar 1-Step reset at $197.99 against an original listed price of $219.99, and a $25,000 Stellar 2-Step reset at $179.99 against an original listed price of $199.99. These are specific examples, not universal FundedNext prices.
The firm's help centre also distinguishes challenge resets from funded-account resets. Do not assume that a funded account can be restarted under the same conditions as an evaluation.
FundedNext Futures has a separate fee structure. Its published examples vary by model, and some reset fees can be higher than the displayed current challenge price. Check the exact Futures model and your account dashboard before comparing costs.
Commercial next step: If you are considering another FundedNext attempt, compare the dashboard reset quote with the current new-challenge checkout price before purchasing.
FundedNext coupon code from Prop Firms Insider
FundingPips reset discounts
FundingPips uses phase-based reset discounts. Its current One Page V1 help-centre information lists an 8% discount for Phase 1 and Phase 2 resets, and a 7% discount for Master Account resets. The reset must be requested within the stated seven-calendar-day window after breach. A reset at a later phase may restart the account from Phase 1.
FundingPips also has legacy rules with different discounts: the published legacy page lists 15% for Phase 1, 10% for Phase 2 and 7% for Master accounts, subject to the applicable terms and exclusions. This is why purchase date and program version matter.
Commercial next step: Before buying a new FundingPips challenge, check whether your existing account qualifies for a reset and compare the reset quote with any valid new-purchase promotion.
FundingPips coupon code from Prop Firms Insider
What about VEST, The5ers, E8 Perps, FTM and Propr?
Reset availability should be checked against the exact product, not assumed from a firm's name.
- ●VEST: Available third-party rule summaries report that a breached account cannot be reset and that a new purchase is required. Confirm this against the current VEST terms before publication or purchase.
- ●The5ers: Third-party program information reports no reset option for the reviewed CFD and Futures programs. Check the exact current program terms and dashboard before deciding to repurchase.
- ●E8 Perps: Do not assume that a reset or retry feature reported for another E8 product applies to E8 Perps. Confirm the Perps-specific rules and any retry offer directly with E8 before paying.
- ●FTM (Funded Trader Markets): Eligible evaluation accounts can be reset, while certain funded models, including Nitro/Nitro X and instant funding tiers, may offer a one-time paid breach reset. Full withdrawals can also reset the drawdown limit on eligible Instant Funding Standard/Plus accounts; 30 days of inactivity may result in account termination.
- ●Propr: Available third-party listings report that breached accounts cannot be reset. Confirm the policy for the exact Propr product before relying on it.
The5ers is worth comparing on more than reset fees alone. If you are choosing a fresh evaluation rather than restarting a failed one, compare its program structure, trading rules, scaling opportunities and payout conditions with the alternatives. A reset discount should not be the only factor in a long-term prop firm decision.
Check out The5ers review and why it is worth considering: The5ers review 2026: programs, rules, fees, payouts and profit split explained
You can also get a discount with The5ers from Prop Firms Insider's exclusive coupon code: "INSIDER"
Which option saves money? Use this break-even calculation
A new challenge is cheaper when its discount produces a lower checkout price than the reset fee. Use the same account size and program when comparing the two.
Formula:
- ●Reset price = original price × (1 − reset discount)
- ●New challenge price = original price × (1 − new-purchase discount)
Worked example: a hypothetical $200 challenge
| Scenario | Calculation | Cost |
|---|---|---|
| New challenge, no code | $200 | $200 |
| Reset at 10% off | $200 × 0.90 | $180 |
| Reset at 8% off | $200 × 0.92 | $184 |
| New challenge with 20% code | $200 × 0.80 | $160 |
Illustrative arithmetic only. These are not advertised prices or offers from the firms in this article.
In this example, the 20% new-purchase code beats both reset options. But if the new challenge has no discount, the 10% reset is cheaper.
Also consider the total cost of repeated attempts. Three separate $200 purchases add up to $600, before any payout or reward. A cheaper reset can still become expensive if you keep repeating the same mistake.
Reset versus new challenge: what should you compare?
| Cost factor | Reset | New challenge |
|---|---|---|
| Starting price | Firm's reset quote | Current checkout price |
| Promotional code | May not be accepted or stackable | Check eligible codes at checkout |
| Account conditions | May retain or change certain settings | Fresh account under current terms |
| Time limit | Some firms impose a reset window | Depends on purchase and activation terms |
| Refund or reward | Check whether reset fees qualify | Check the new-purchase terms |
| Best for | A lower reset quote and a fixable failure | A stronger new-purchase discount or no reset option |
Mid-article CTA: Ready to compare your next attempt? Check the latest offers and program rules before you pay.
Related Read: Prop firm challenge reset policy 2026: reset and retry rules compared
Which firm should you compare for your next attempt?
The cheapest route depends on your account, trading style and the terms attached to the product you want. Use this table as a shortlist, then confirm the live rules and price.
| Firm | What to investigate | Best for traders who… | Before purchasing |
|---|---|---|---|
| VEST | New-account price and current breach policy | Want to compare its available programs and entry cost | Verify whether any reset or retry is offered |
| The5ers | Program structure, scaling and payout terms | Want to assess a longer-term program rather than focus only on a reset | Compare the exact program rules and eligibility |
| E8 Perps | Perps-specific reset, retry and trading conditions | Specifically want a perpetual-futures evaluation | Confirm that the terms apply to E8 Perps |
| FundedNext | CFD or Futures model, reset quote and refund terms | Want to compare different evaluation models | Use the correct product's reset table |
| FTM | Nitro, Plus or Instant terms and reset eligibility | Want to compare its available account formats | Verify plan-specific reset and reward conditions |
| FundingPips | One Page V1 or legacy reset rules | Want to compare phase-based reset options | Check purchase date, program version and seven-day window |
| Propr | Product rules and new-account price | Want to assess its available trading programs | Confirm whether the exact product allows a reset |
How to use this table: shortlist two or three firms, compare the same account size where possible, then review the rules that could affect your trading. Do not choose a firm only because its reset fee looks low.
Why consider The5ers when comparing a new challenge?
A failed evaluation can make the next purchase feel like a race to recover the money. That is usually the wrong reason to choose a program. The better question is whether the firm's rules and structure suit the way you trade.
When comparing The5ers with VEST, E8 Perps, FundedNext, FTM, FundingPips and Propr, assess:
- ●The evaluation format and profit target.
- ●Daily and maximum drawdown calculations.
- ●Whether drawdown is static, trailing or balance-based.
- ●News, weekend and holding restrictions.
- ●Payout eligibility and timing.
- ●Scaling conditions and account-growth rules.
- ●The full purchase cost, including optional add-ons.
The5ers deserves a place in that comparison for traders who want to examine its program structure and potential scaling path, not simply because a reset is or is not available. Read the current rules before selecting a plan.
Pick the best program by The5ers: The5ers Bootcamp vs Hyper Growth vs Pro Growth vs High Stakes: which program fits your trading style in 2026
And, avail your discount code at checkout for The5ers with Prop Firms Insider only: The5ers review and discount
What rule changes and exceptions can affect your reset cost?
A reset quote is not necessarily the same for every account. Purchase date, product version, account stage and time since breach can all affect eligibility.
Recent rule details to check
| Firm | Published detail | What it means for your decision |
|---|---|---|
| FundingPips | One Page V1 lists 8% Phase 1/2 and 7% Master reset discounts | Check whether your account follows One Page V1 or legacy rules |
| FundingPips Legacy | Legacy rules list different phase discounts | Do not apply legacy percentages to a newer account |
| FundedNext Stellar CFD | Reset fees vary by model and account size | Check your exact Stellar product |
| FundedNext Futures | Separate model-specific reset fees | Do not use CFD prices for Futures |
| VEST, The5ers, E8 Perps, FTM and Propr | Product-specific policies require confirmation | Verify the current official terms before publishing or paying |
Can a promo code be used on a reset?
Not necessarily. Some firms treat a reset as a separate transaction with its own price, while promotional codes may be restricted to new purchases. Never assume that a coupon can be stacked with a reset discount.
Check the checkout page and the firm's current terms. If the discount does not appear in the final amount before payment, do not assume it will be applied later.
Are reset fees refundable?
Refund rules are product-specific. FundedNext's Stellar 1-Step terms describe a refundable fee linked to the third Performance Reward, with the calculation based on the reset fee for eligible purchases or resets from January 12, 2026. Check the official terms to confirm that your account qualifies.
A potential future reward should not be treated as an immediate discount. You may need to meet the firm's payout and eligibility conditions before receiving it.
How do you decide whether to reset, retry, buy new or switch?
Use this checklist before spending more money:
- ●Identify the exact product. Record the firm, plan, account size, platform and purchase date.
- ●Check free retry eligibility. If the firm offers a free retry and you qualify, compare that first.
- ●Get the reset quote. Use the dashboard or official support information rather than an old review.
- ●Check the new-purchase price. Apply only a valid code and compare the final checkout amount.
- ●Review refund terms. Confirm whether the reset fee or new purchase qualifies for a refund or reward.
- ●Review why the account failed. Identify whether the cause was position sizing, daily loss, total drawdown, overtrading or a rule misunderstanding.
- ●Set an attempt limit. Do not keep paying for resets without changing the behaviour that caused the failure.
A practical decision rule:
- ●Choose a free retry if you qualify and understand the conditions.
- ●Choose a reset if it is available and cheaper than a new challenge after discounts.
- ●Choose a new challenge if the final checkout price is lower or the firm does not offer a reset.
- ●Switch firms if the rules or drawdown structure repeatedly conflict with your strategy.
- ●Pause if you cannot explain what caused the failure or how you will avoid repeating it.
Key Takeaways
- ●A reset is not automatically cheaper than a new challenge. Compare final prices after discounts.
- ●Free retries can be the lowest-cost option, but eligibility varies by firm.
- ●FundingPips has different reset discounts for newer and legacy program versions.
- ●FundedNext reset prices vary between Stellar CFD and Futures models.
- ●VEST, The5ers, E8 Perps, FTM and Propr policies should be checked against the exact product and current official terms.
- ●Repeated attempts can add up quickly. Fix the cause of the failure before paying again.
Compare Your Next Prop Firm Challenge
Before purchasing another evaluation, compare the full cost, drawdown rules, payout conditions and scaling structure, not just the reset fee.
Explore the current programs and offers from VEST, The5ers, E8 Perps, FundedNext, FTM, FundingPips and Propr. Check the latest rules and final checkout price for your preferred account size before you commit.
See the current firm prices and discount codes on Prop Firms Insider
For more prop firm comparisons, scaling guides, and trader education, explore Prop Firm Insider.