Challenges
Exceeding the max loss permanently closes your account. From there you have two options: buy a reset at the same price as your entry (unlimited resets, brand-new account) or walk away. Entry and reset fees are non-refundable once your account has been provisioned.
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The only trading-rule way to "fail" a challenge outright is to exceed the max loss — that permanently closes the account. (Falling short on winning days or the consistency rule doesn't close your account; it just delays your payout or eval pass. Separately, disqualification for violations of the governing terms also closes an account and forfeits payouts — see Prop Account, LLC's Client Terms and Policies.)
When your account hits the max loss:
- The account is dead. It cannot be reopened, repaired, or restored. Any progress — eval profit, winning days, milestone progress — is gone with it.
- You choose what's next:
- Buy a reset. Resets are unlimited and cost the same as your tier's entry fee (with any current promo code applied). Each reset is a brand-new account with a new account ID. Two-Phase resets always start back in the evaluation phase.
- Walk away. There's no obligation to continue. You can also start fresh later with a new entry, a different tier, or the other format.
- No refunds. Entry and reset fees are non-refundable once your trading account has been provisioned, which happens shortly after purchase — per our Terms of Service and Prop Account, LLC's Client Terms and Policies. Failing a challenge is not a refund event.
One useful note: if you hold multiple accounts, failing one has no effect on the others — each challenge account stands alone.
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Related articles
- Are challenges real money or simulated?Challenge accounts use simulated (virtual) funds against real-time market data — none of your capital is at risk beyond the fees you pay. The payouts, however, are real cash: you keep 90% of every payout, issued by Prop Account, LLC and disbursed via Rise, typically within 24–48 hours of request.
- Can I run multiple challenges at once?Yes — you can hold up to $1,000,000 in combined active simulated accounts at a time, in any mix of formats and tiers (roughly 20 × $50K accounts). Purchases above the limit wait on hold and activate when a slot opens. One user profile per person.
- Challenge payout amountsEvery challenge account pays out exactly 5 times, then closes. One-Phase pays $1,500–$3,000 per payout by tier with lifetime caps of $9,000–$19,000. Two-Phase milestones range from $500 to a $9,000 final cap with lifetime caps of $6,500–$20,500. You keep 90% of every payout.
- Challenge resets: how they workChallenge resets are unlimited and cost the same as your tier's entry fee. Each reset is a brand-new account with a new account ID — the old account stays closed. Two-Phase resets always start back in the evaluation phase.
- Challenge vs. Trade League: what's the difference?Challenges are individual funded-account products with no timer and published payout amounts — payouts 1–4 are fixed dollar amounts and the 5th pays up to a published cap. Trade League is a monthly ranked tournament where everyone trades an identical $50,000 account and the top 10% of paid entries share a revenue-share pool.