Prop Firm Calculators

Prop firm challenge cost calculator

A challenge fee is not the cost of getting funded: most attempts fail. Combine the fee with pass rates to see how many attempts it takes on average and what they cost.

Prop firm challenge cost calculator by PropSim

The formula

chance of funding per attempt = phase 1 pass rate × phase 2 pass rate
expected attempts             = 1 ÷ chance
expected cost                 = fee + (attempts − 1) × retry fee

If the firm refunds the fee with the first payout, the refunded fee is taken off once you are funded and paid.

Where the default pass rates come from

The defaults are from the PropSim Prop Trading Index, week of 2026-10-19: 14.1% of accounts cleared phase 1, and 34% of those that reached phase 2 cleared it, so about 4.8% of attempts ended funded. The figures describe accounts on firms using the PropSim platform, and they are averages: your own odds depend on how you trade. The weekly figures are free to download from the prop firm pass rates dataset.

Questions

What percentage of traders pass prop firm challenges?

In the PropSim Prop Trading Index for the week of 2026-10-19, 14.1% of accounts cleared phase 1 and 34% of those that reached phase 2 cleared it: about 4.8% of attempts ended funded. The figures describe firms on the PropSim platform.

Is a discounted retry worth it?

A retry discount lowers the cost of every attempt after the first. Enter it as a percentage to see how much it changes the expected cost of getting funded.

Does a fee refund make the challenge free?

It returns the fee of the attempt that passed, once you are funded and paid out. The fees of the attempts that failed are not refunded.

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<iframe src="https://propsim-enterprise.github.io/prop-firm-calculators/challenge-cost/?embed" width="100%" height="700" style="border:0" loading="lazy" title="Prop firm challenge cost calculator"></iframe>
<p><a href="https://propsim-enterprise.github.io/prop-firm-calculators/challenge-cost/">Prop firm challenge cost calculator</a> by <a href="https://propsim.markets">PropSim</a></p>

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