Get 40% OFF Your First Purchase With Code FIRST40

Prop trading, explained

A free funded account challenge:what is real and what it costs.

GFN does not sell a free funded account challenge. The cheapest evaluation is the $5,000 2 Step at $22, paid once, and if you fail it by breaching a hard rule, one retake is free. Offers elsewhere called free are usually a contest, a demo trial or a giveaway, each with its own conditions.

By the Get Funded Now teamPublished Last reviewed 3 min read

Is there such a thing as a free funded account challenge?

A prop firm's evaluation fee is how the firm is paid. The fee covers the evaluation, and the simulated profit share paid to traders who pass comes out of that revenue - see how prop firms make money. A firm that charged nothing at all would need another way to pay for the traders who pass.

That is why offers described as free usually turn out to be one of a few things:

  • A trading contest. Many entrants trade a demo account and a small number of winners receive a paid evaluation or funded account.
  • A free trial. A demo of the dashboard and rules that is not an evaluation and cannot lead to a payout.
  • A giveaway. A paid account awarded at random, usually for following or sharing.
  • A free retake. Not free entry, but a second attempt after a paid one fails. This is what GFN offers.

What is the cheapest way to a funded account at GFN?

Lowest one-time fee by GFN program
ProgramWhat you are buyingRetake if you fail
2 StepTwo-phase evaluation, 8% then 5% targetsOne free retake
1 StepOne-phase evaluation, 10% targetNone
InstantA simulated funded account from day one, no evaluationNone
The lowest fee on the site is $22, for the $5,000 2 Step. Every size and price: prop firm challenges and pricing.

A published code, FIRST40, currently gives 40% off your first purchase. Check the total at checkout - see the current discount code.

How does the free retake work?

If you fail the 2 Step by breaching a hard rule, you get one retake at no cost. The retake is not an identical copy of the first attempt: it runs tighter.

First attempt vs free retake on the 2 Step
RuleFirst attemptFree retake
Daily loss limit5%3%
Max drawdown (non-trailing)8%4%
Profit share once funded80%, or 90% with the add-on60%
On a $5,000 account, the retake's max drawdown is $200. Full terms: free retake rules.

What should you check before paying for any challenge?

  • The drawdown in dollars, not percent. It is the only number that ends an account. The drawdown calculator converts it.
  • Whether the drawdown trails. A trailing limit follows your highest balance up. See trailing vs non-trailing drawdown.
  • What stops a payout. Caps, buffers and consistency rules all apply after you pass. See payouts.
  • That the account is simulated. Funded accounts at GFN are simulated; payouts are a share of simulated profit, paid in real money to eligible traders.

Questions

No. Every GFN account has a one-time fee, from $22. The 2 Step includes one free retake if you fail by breaching a hard rule.

No. The retake runs on a 3% daily loss limit, a 4% non-trailing max drawdown and a 60% profit share once funded.

It depends on the firm's terms for the prize account. Ask whether it is a full evaluation or funded account, and what rules and profit share it carries, before relying on it.

Sources

This guide relies on no external sources. Every GFN figure in it is generated from the same published pricing and rules data the checkout uses.