I will be covering Prop Firms Refunding Fees After First Payout in this article. This trader-friendly policy contains lower initial costs and encourages profitability. Leading firms in this area, such as FTMO, FundedNext, The5ers, E8 Markets, TradersYard, Funded Trading Plus, Apex Trader Funding, Funding Pips, Goat Funded Trader, and MyFundedFX, are known to provide this policy.
These firms refund evaluation fees when traders complete their first successful payout. Doing so builds trust among traders, encourages traders to be more consistent, and improves accessibility and fairness to prop trading for those with less experience and those who are more experienced.
Why It Is Prop Firms Refunding Fees After First Payout Matter
Less Financial Loss – The evaluation fees are no longer a sunk cost for the trader as the refunds are incentive-based.
Rewards Discipline – The refunds will encourage the traders to reach payout thresholds with discipline.
Strengthens Reputation – Prop firms are more likely to be perceived as credible and trustworthy with partial refunds.
More Inclusive Trading – Trading becomes more accessible to the risk-averse as a sunk cost is gone.
Affirmative Payment Structure – Refunds are a paid incentive to showcase that firms appreciate profitable traders.
Key Point & Prop Firms Refunding Fees After First Payout
| Prop Firm | Key Point |
|---|---|
| FTMO | Refunds evaluation fees after first payout; strong reputation and global reach. |
| FundedNext | Offers instant funding models; refunds fees upon successful payout. |
| The5ers | Focuses on long-term growth; refunds fees after payout milestone. |
| E8 Markets | Flexible scaling plans; refunds evaluation fees after first withdrawal. |
| TradersYard | Community-driven platform; refunds fees once traders prove consistency. |
| Funded Trading Plus | Simple rules and fast payouts; refunds evaluation fees after first success. |
| Apex Trader Funding | Popular for futures trading; refunds fees after initial payout. |
| Funding Pips | Low-cost entry; refunds evaluation fees after first profit withdrawal. |
| Goat Funded Trader | New but growing; refunds fees after first payout to attract traders. |
| MyFundedFX | Flexible account sizes; refunds evaluation fees after first payout. |
1. FTMO
Established in 2015 in Prague, FTMO is a top prop firm. Their fees for traders are between $79 to $1,080 based on account size, and they cover funding of up to $2M. FTMO has a profit split of 80-90%.
FTMO has a static drawdown limit of 5% for daily drawdown and 10% for total drawdown, but they value consistency and discipline of traders, and so, they give scaling perks. FTMO is also one of the Prop Firms Refunding Fees After First Payout, meaning that traders will return the initial evaluation fees once they are profitable.
FTMO Features
- 2015, Prague
- First Buy-in: $79–$1,080
- Funded up to $2M with Scaling
- 80–90% Profit share
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Established in 2015, strong reputation | Higher fees compared to newer firms |
| Max funding up to $2M | Strict daily drawdown (5%) |
| Profit split 80–90% | Evaluation process can be lengthy |
| Transparent rules and scaling | Limited instant funding options |
| Refunds fees after first payout | Refund only after successful withdrawal |
2. FundedNext
Founded in 2022, FundedNext has bases in the UAE and Bangladesh offering their traders affordable entry fees starting from $32, and going up to $1,099. Traders can be funded up to $4M, with profit split percentages of 80-95%.
They have static drawdown rules of 5% daily, and 10% overall. This gives traders parameters to work within. FundedNext is famous for their instant funding and quick payout models. FundedNext is a member of the Prop Firms Refunding Fees After First Payout. This means that once traders have made their first payout, FundedNext refunds the fees for the evaluation.
FundedNext Features
- 2022, UAE/Bangladesh
- First Buy-In: $32–$1,099
- Funded up to $4M
- 80–95% Profit split
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2022, affordable entry fees | Newer firm, shorter track record |
| Max funding up to $4M | Static drawdown can be restrictive |
| Profit split 80–95% | Limited platform diversity |
| Instant funding models available | Scaling less proven than FTMO |
| Refunds fees after first payout | Refund tied to payout cycle |
3. The5ers
The5ers works from Israel, and has been aiming for sustainable growth with their programs since 2016. Their fee range is $22 to $1,000+ depending on the size of the account with maximum funding of $4 million and profit splits of 50 to 100 percent.
Static drawdown limits at 5% and 10% apply. The5ers focuses on scaling funding gradually to develop their customers as traders. They also refund evaluation fees after the trader has completed their first payout and has reached their milestones. They are among the Prop Firms Refunding Fees After First Payout.
The5ers Features
- 2016, Israel
- First Buy-in: $22–$1,000+
- Funded up to $4M with Scaling
- Profit share 50–100%
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2016, long-term growth focus | Lower initial profit split (50%) |
| Max funding up to $4M | Higher fees for larger accounts |
| Profit split up to 100% | Slower scaling compared to peers |
| Transparent static drawdown rules | Refund only after milestone completion |
| Refunds fees after first payout | Evaluation can feel extended |
4. E8 Markets
E8 Markets began operating in Dallas in 2021. E8 Markets has anywhere from a $33 to $998 price range. The maximum funding is $1M, and profit splits range from 80% to 100%. The drawdown methods are very flexible, and highly customizable, as the trailing and static drawdown rules range from 3-14%.
E8 Markets has some of the best scaling plans, tapering payouts, and payout cycles of all the major prop trading firms. Unlike most of the other prop trading firms, E8 Markets refunds their evaluation fees once the traders pass the challenge and make their first withdrawal.
E8 Markets Features
- 2021, Dallas
- First Buy-in: $33–$998
- Funded up to $1M
- 80–100% Profit split
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2021, flexible scaling | Max funding capped at $1M |
| Fees $33–$998, affordable | Trailing drawdown can be strict |
| Profit split 80–100% | Newer compared to FTMO/The5ers |
| Transparent payout cycles | Limited global presence |
| Refunds fees after first payout | Refund after evaluation pass only |
5. TradersYard
Founded in 2024, TradersYard is the newest firm established in Austria. TradersYard offers a variety of fee packages ranging from $49 to $499. Traders can receive up to a maximum funding of $500,000, and profit splits are offered at 80%-95%.
TradersYard has progressive drawdown limits of 4%-6%. TradersYard is unique because of their community focus, and firm-wide collaboration.
TradersYard is also located on the PropFirms website because, like some other prop firms, they refund their fees after the trader has their first payout. Then they will have consistency and pay out their first funded payout.
TradersYard Features
- 2024, Austria
- First Buy-in: $49–$499
- Funded up to $500K
- 80–95% Profit split
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2024, community-driven | Very new, limited credibility |
| Fees $49–$499 | Max funding only $500K |
| Profit split 80–95% | Smaller scaling potential |
| Networking and collaboration focus | Limited payout history |
| Refunds fees after first payout | Refund only on higher tiers |
6. Funded Trading Plus
Funded Trading Plus originates from the UK and began operating in 2021. This firm uses 5 account types with eligible fees from $89 to $4499. Funded Trading Plus highest account size reaches a whopping $2.5M. Competitive traders appreciate the 80% to 100% profit split.
Funded Trading Plus uses static and trailing drawdown with a range of 4% to 6% drawdowns. Funded Trading Plus has a reputation for user friendly policies and fast profit withdrawals.
Fast withdrawals help traders maintain and increase their profit margins. Funded Trading Plus is one of the Prop Firms Refunding Fees After First Payout. Funded Trading Plus gives a full refund of the evaluation fee after the first profit withdrawal.
Funded Trading Plus Features
- 2021, UK
- First Buy-in: $89–$4,499
- Funded up to $2.5M
- 80–100% Profit split
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2021, UK-based | Higher fees for larger accounts |
| Max funding up to $2.5M | Drawdown rules vary by program |
| Profit split 80–100% | Less global recognition |
| Simple rules, fast payouts | Limited instant funding |
| Refunds fees after first payout | Refund tied to payout cycle |
7. Apex Trader Funding
Apex Trader Funding, based in the USA and established in 2021, offers futures trading. The firm provides funding of up to $300K across several accounts, with fees from $147 to $657. Payout distribution is 100% for the first $25K with a distribution of 90% beyond that threshold.
The firm has a trailing drawdown that is applicable both intraday and at the close of the trading day. Apex is appreciated for their paying traders. Apex is also one of the Prop Firms Refunding Fees After First Payout and refunds the evaluation fees after traders receive their first payout.
Apex Trader Funding Features
- 2021, USA
- First Buy-in: $147–$657
- Funded up to $300K (multi‑accounts)
- 100% Profit for first $25K, then 90%
- Refund Policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2021, futures-focused | Limited to futures trading only |
| Fees $147–$657 | Max funding capped at $300K |
| Profit split 100% first $25K, then 90% | Trailing drawdown strict |
| Multi-account scaling possible | Higher learning curve for futures |
| Refunds fees after first payout | Refund after payout only |
8. Funding Pips
Funding Pips opened in 2022 in Dubai and provides a cheap entrance to traders starting from $19 to $579. They offer a maximum funding of $2M with a profit split of 80 to 100%. Their static drawdown confines (3–10%) make risk management easy.
They are known to be one of the cheapest options to trading with the fastest payout as well. They are a part of the Prop Firms Refunding Fees After First Payout, meaning that the firm will only refund evaluation fees after the traders make their first payout.
Funding Pips Features
- Established in 2022, Dubai
- Price range: $19–$579
- Max capital: $2M
- Profit split: 80–100%
- Refund policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2022, Dubai | Newer firm, less proven |
| Fees $19–$579, low entry | Max funding capped at $2M |
| Profit split 80–100% | Static drawdown strict |
| Affordable for beginners | Limited scaling compared to peers |
| Refunds fees after first payout | Refund after first withdrawal only |
9. Goat Funded Trader
Founded in 2022/2023 in Hong Kong and Spain, Goat Funded Trader has evaluations costing from $36 to $1,128 and up to $2M in funding with 80% – 100% profit splits. The firm applies static and trailing drawdowns of 4% – 10%.
Goat Funded Trader is an up and coming firm with competitive pricing and extensive platform support. They also refund evaluation fees after the first payout, which places them among the Prop Firms Refunding Fees After First Payout.
Goat Funded Trader Features
- Established in 2022/2023, Hong Kong/Spain
- Price range: $36–$1,128
- Max capital: $2M
- Profit split: 80–100%
- Refund policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2022/2023, growing fast | Very new, limited track record |
| Fees $36–$1,128 | Max funding capped at $2M |
| Profit split 80–100% | Drawdown rules vary |
| Aggressive pricing, wide support | Less global recognition |
| Refunds fees after first payout | Refund tied to payout cycle |
10. MyFundedFX
Founded in 2023, MyFundedFX is a USA based firm that charges fees from $59 up to $1499 for a maximum funding of $300K and a profit split of 80-90%. MyFundedFX offers static and trailing drawdown of 4-10%. MyFundedFX allows flexible account sizes and has rapid scaling.
As a Prop Firms Refunding Fees After First Payout, MyFundedFX refunds evaluation fees after a trader has made their first successful withdrawal. This makes MyFundedFX appealing to new traders entering the prop trading space.
MyFundedFX Features
- Established in 2023, USA
- Price range: $59–$1,499
- Max capital: $300K
- Profit split: 80–90%
- Refund policy: Prop Firms Refunding Fees After First Payout
| Pros | Cons |
|---|---|
| Founded 2023, USA | New entrant, limited credibility |
| Fees $59–$1,499 | Max funding capped at $300K |
| Profit split 80–90% | Smaller scaling potential |
| Flexible account sizes | Less payout history |
| Refunds fees after first payout | Refund after first withdrawal only |
Conclusion
The best proprietary trading firms make trading easier than it was before, thanks to companies like FTMO, FundedNext, The5ers, E8 Markets, TradersYard, Funded Trading Plus, Apex Trader Funding, Funding Pips, Goat Funded Trader, and MyFundedFX.
It takes several years to account for each company (and each company is unique), but one thing that they all have in common is Prop Firms Refunding Fees After First Payout. These companies have clear incentives to improve traders, which is beneficial for them but also a huge draw for those looking to get paid and provers that they are worth the investment.
FAQ\
What does fee refund mean?
It means the evaluation fee you paid to join a prop firm is reimbursed once you achieve your first successful payout, reducing upfront trading costs.
Which prop firms offer refunds?
Popular firms like FTMO, FundedNext, The5ers, E8 Markets, TradersYard, Funded Trading Plus, Apex Trader Funding, Funding Pips, Goat Funded Trader, and MyFundedFX all refund fees after the first payout.
When do traders get refunded?
Refunds are processed after your first profit withdrawal. Some firms refund immediately, while others wait until payout cycles are completed.
Does refund affect profit split?
No. Refunds are separate from profit sharing. Traders still receive their agreed profit split (80–100%) alongside the fee reimbursement.
Are refunds guaranteed?
Yes, provided you meet the firm’s payout conditions. Refunds are part of the contract and serve as a reward for proving profitability.
