In short. A reset fee is what a prop firm charges to restart a failed evaluation with a fresh balance and drawdown, instead of buying a new account. It is usually lower than the evaluation price on one-time plans and close to the monthly price on subscriptions. Some firms do not offer resets and sell a new account instead.
Resets are the hidden cost of evaluations. A trader who fails twice on a $150 monthly plan with a $100 reset has paid $350 before passing, not $150. The evaluation-cost calculator on this site adds a chosen number of resets to every account's price.
A reset keeps the plan's clock running: on a monthly plan the next renewal still comes on the same date. Check whether the reset restores the full drawdown or only the balance.
Questions traders ask
What is Reset fee?
A reset fee is what a prop firm charges to restart a failed evaluation with a fresh balance and drawdown, instead of buying a new account. It is usually lower than the evaluation price on one-time plans and close to the monthly price on subscriptions. Some firms do not offer resets and sell a new account instead.