Free Retry is a feature offered by some prop firms that allows traders to restart an evaluation or challenge without paying an additional fee. This option is usually available if the trader meets specific conditions, such as ending the challenge in profit but not reaching the profit target, or following all rules without triggering a breach.
Free retries are designed to reward disciplined trading rather than aggressive risk taking. Not all prop firms offer this feature, and eligibility criteria vary by provider.
Why Free Retry Matters in Prop Trading
Free retries reduce the financial cost of repeated evaluations. Traders who trade responsibly but fall short of the target can continue without purchasing a new account. This encourages consistency and proper risk management instead of forcing traders to chase profits.
Understanding free retry conditions helps traders plan their approach during an evaluation. Some firms require traders to finish above a certain balance level or complete a minimum number of trading days. Traders who are aware of these rules can trade more confidently and avoid unnecessary resets.
Example of a Free Retry
A trader finishes a challenge with a 100000 account at a balance of 103000 but fails to reach the 10% profit target. Since no rules were breached and the account ended in profit, the firm grants a free retry. The trader restarts the evaluation without paying a new fee.