Fee Refundable
Whether the challenge fee is refunded on the trader's first payout — a feature that meaningfully changes the effective cost of the challenge.
Definition
Fee refundable is a firm policy that returns the original challenge fee to the trader as part of their first payout from the funded account. Not all firms offer it; those that do usually bundle the refund with the first withdrawal rather than refunding it separately. The refund is only available to traders who reach the funded stage and make a successful payout — a trader who fails the evaluation does not get the fee back. The refund is often marketed as a risk-reducer but only applies to the minority of traders who pass.
Example
Why It Matters
Fee refundable meaningfully changes the effective economics for traders who pass on the first attempt, but it does nothing for traders who fail the challenge — they lose the full fee regardless of policy. The feature is best understood as a risk-reduction for confident traders, not a safety net. FTMO, E8 Funding, and Funded Next are notable firms offering fee refunds on first payout.