TLDR:
Legacy Challenge resets are available anytime at a 10% discounted fee (e.g., $249 → $224.10).
Rapid Challenge resets cost the same as the original price.
If more than 7 days have passed since a breach, a new account will be issued instead of a reset.
At FundedNext Futures, traders have the flexibility to reset their challenges at any time. This allows traders to start fresh, even if they haven’t breached their account, and provides a cost-effective way to refine strategies. Reset fees differ depending on whether you’re in the Legacy Challenge or the Rapid Challenge.
What Happens When I Reset My Account?
When you reset your account, everything is restarted as if you are beginning fresh:
Your account balance returns to the initial amount.
Your trading metrics are cleared.
Your loss limit is refreshed.
Note: If more than 7 days have passed since a breach, you will receive a new account instead of a reset. A reset fee is still required.
Reset Fees for FundedNext Futures Challenge
Reset fees vary by account type and size.
How It Works:
Example: If your $50K Legacy Challenge originally cost $249, the reset fee is $224.10.
For Rapid Challenges, the reset fee is the same as the purchase fee. Example: A $50K Rapid Challenge costs $129, so the reset fee is also $129.
Daily and Maximum Loss Limit Breach: Reset Rules
Daily Loss Limit Breach
If breached and reset on the same day, trading is paused for the rest of that day.
Trading resumes the next day.
Example: If a trader breaches the Daily Loss Limit on May 1st and resets the account the same day, trading will remain paused for the rest of May 1st. The trader can start trading again on May 2nd.
Maximum Loss Limit Breach
If breached and reset, trading can resume immediately on the same day.
Example: If a trader breaches the Maximum Loss Limit and resets on May 1st, the trader can start trading immediately after the reset on May 1st.