Pipster at London Prop Trading Expo23–24 Oct

Pipster Research · DB/06

Evaluation Cost Database

List prices by account size, before promo codes, in the currency each firm lists. We do not convert currencies, so compare like with like.

Firms
13
Programmes
37
Values verified
71 of 74
Last verified
28 Sep 2026

Key findings · as of 28 September 2026

  • The median list price of a 100K 2-step evaluation priced in USD is $538 (10 programmes).
  • The median list price of a 100K 1-step evaluation priced in USD is $509 (10 programmes).
  • 15 of 34 programmes refund all or part of the evaluation fee to funded traders, usually alongside a payout; the note on each explains when.

Computed from the table below. Counts include only programmes with a verified value for that rule.

DB/06

The data

Each value links to the firm's own page, with the date we last checked it there. “Not yet verified” means we could not confirm the value from a first-party page, not that the rule does not exist. Select a firm for every rule, note and quoted source excerpt.

37 programmes

Evaluation Cost Database: List prices by account size, before promo codes, in the currency each firm lists. We do not convert currencies, so compare like with like.
Firm · Programme5K10K25K50K100K200KFee refund
Alpha Capital Group
Alpha Pro 8%
2-Step
$37 to $997

On-Demand list prices, the default at checkout. The Bi-Weekly option is listed at $40 to $1,097.

Alpha Capital: Prop Firm Evaluations (plan selector)Verified

$37
$57
$177
$297
$527
$997
Not refunded

Alpha Capital Refund & Return PolicyVerified

Alpha Capital Group
Alpha One 10%
1-Step
$47 to $947

Alpha One is sold with On-Demand payouts only.

Alpha Capital: Prop Firm Evaluations (plan selector)Verified

$47
$87
$187
$277
$477
$947
Not refunded

Alpha Capital Refund & Return PolicyVerified

Alpha Capital Group
Alpha Direct
Instant
$30 to $897

Alpha Capital: Prop Firm Evaluations (plan selector)Verified

$67
$97
$197
$257
$457
$897
Not refunded

Alpha Capital Refund & Return PolicyVerified

Blue Guardian
2 Step Standard
2-Step
$32 to $930

List prices before the site-wide 25% code (BG25), which the widget shows next to each price.

Blue Guardian: Forex Funding (plans and pricing)Verified

$32
$75
$154
$232
$463
$930
Refunded after the fourth payout

Not refunded if the account is hard-breached before the fourth payout. Applies to accounts bought from 21 January 2026.

Blue Guardian Help Centre: General Information rulesVerified

Blue Guardian
1 Step Standard
1-Step
$40 to $736

List prices before the site-wide 25% code (BG25), which the widget shows next to each price.

Blue Guardian: Forex Funding (plans and pricing)Verified

$40
$66
$134
$200
$398
$736
Refunded after the fourth payout

Not refunded if the account is hard-breached before the fourth payout. Applies to accounts bought from 21 January 2026.

Blue Guardian Help Centre: General Information rulesVerified

Blue Guardian
Instant Standard
Instant
$72 to $2,200

List prices before the site-wide 25% code (BG25), which the widget shows next to each price.

Blue Guardian: Forex Funding (plans and pricing)Verified

$72
$100
$208
$324
$623
$954
Not yet verified
BrightFunded
2-Step Bright Challenge
2-Step
€47 to €947

List prices in euros. A 30% discount code was advertised on the site on the check date.

BrightFunded 2-Step Bright ChallengeVerified

€47
€87
€187
€277
€477
€947
Only with the refund add-on

With the add-on, the fee is returned in the first funded payout.

BrightFunded Terms and ConditionsVerified

BrightFunded
1-Step Challenge
1-Step
€49 to €997

List prices in euros. A 30% discount code was advertised on the site on the check date.

BrightFunded 1-Step ChallengeVerified

€49
€97
€197
€297
€497
€997
Only with the refund add-on

With the add-on, the fee is returned in the first funded payout.

BrightFunded Terms and ConditionsVerified

E8 Markets
E8 One
1-Step
$48 to $1,998

List prices for the default setup (6% drawdown, 80% payout). The price changes with the drawdown and payout share chosen, for example $398 for $100K at 4% drawdown.

E8 Markets: Compare Funded Accounts (account configurator)Verified

$48
$88
$188
$288
$488
$798
Not refunded

The fee can be refunded within 30 days of purchase if no trade has been placed, except for crypto payments.

E8 Markets Help Center: Refund PolicyVerified

FTMO
FTMO Challenge: 2-Step
2-Step
€89 to €1,080

Prices are listed in EUR for USD accounts of $10,000 to $200,000 (Standard account type). The $100,000 size showed a promotional price of €439 on the verification date.

FTMO: Choose Your FTMO Challenge (pricing table)Verified

Not listed
€89
€250
€345
€540
€1,080
Refunded with the first Reward

FTMO FAQ: Is the entry fee refunded?Verified

FTMO
FTMO Challenge: 1-Step
1-Step
€79 to €999

Prices are listed in EUR for USD accounts of $10,000 to $200,000 (Standard account type). The $100,000 size showed a promotional price of €399 on the verification date.

FTMO: Choose Your FTMO Challenge (pricing table)Verified

Not listed
€79
€199
€319
€499
€999
Not refunded

FTMO FAQ: Is the entry fee refunded?Verified

Funded Trading Plus
2-Step Classic
2-Step
$89 to $549

List prices, which the site states include VAT. A 30% discount code was advertised on the check date.

Funded Trading Plus 2-Step Classic ChallengeVerified

Not listed
$89
$169
$319
$549
Not listed
Funded Trading Plus
1-Step Express
1-Step
$99 to $999

List prices, which the site states include VAT. A 30% discount code was advertised on the check date.

Funded Trading Plus 1-Step Express ChallengeVerified

Not listed
$99
$199
$349
$549
$999
Funded Trading Plus
Instant Funding
Instant
$249 to $4,499

List prices, which the site states include VAT. A 30% discount code was advertised on the check date.

Funded Trading Plus Instant FundingVerified

$249
$429
$1,099
$2,199
$4,499
Not listedNot yet verified
FundedNext
Stellar 2-Step
2-Step
$59.99 to $1,099.99

On the check date the $6K list price was shown struck through beside a $29.99 promo-code price. Add-ons such as swap-free (+10%) cost extra.

FundedNext Stellar 2-StepVerified

Not listedNot listed
$199.99
$299.99
$549.99
$1,099.99
Refunded with the first reward

One help-centre article on funded-stage rules says the fee can be claimed by the third reward; the product page and the refund article say the first.

FundedNext Help: When Do I Get the Refundable Fee in the Stellar 2-Step Model?Verified

FundedNext
Stellar 1-Step
1-Step
$65.99 to $1,099.99

On the check date the $6K list price was shown struck through beside a $39.99 promo-code price. Add-ons such as swap-free (+10%) cost extra.

FundedNext Stellar 1-StepVerified

Not listedNot listed
$219.99
$329.99
$569.99
$1,099.99
Refunded with the third reward

Applies to accounts bought or reset on or after 12 January 2026; earlier purchases were refunded with the first reward.

FundedNext Help: When do I get the Refundable Fee in the Stellar 1-Step Model?Verified

FundedNext
Stellar Instant
Instant
$59.99 to $599.99

On the check date the product page showed these list prices struck through beside 30% promo-code prices. Swap-free accounts cost 10% more.

FundedNext Help: How Much Does Each Stellar Instant Account Cost?Verified

$149.99
$299.99
Not listedNot listedNot listedNot listed
FundingPips
2 Step Standard
2-Step
$44 to $652

Prices for the default 5% daily loss configuration; the 3% configuration was listed at $36 to $544. A 10% new-user promo code was advertised on the check date.

FundingPips 2 Step StandardVerified

$44
$80
$216
$349
$652
Not listed
Refunded with the fourth reward

FundingPips Help: Get StartedVerified

FundingPips
1 Step Flex
1-Step
$74 to $666

Prices for the default 3% daily loss configuration; the 2% configuration was $529 at $100K. A 10% new-user promo code was advertised on the check date.

FundingPips 1 Step FlexVerified

$74
$111
$255
$353
$666
Not listed
Not refunded

FundingPips Help: Get StartedVerified

FundingPips
FundingPips Zero
Instant
$60 to $888

A 10% new-user promo code was advertised on the check date.

FundingPips: Choose your challenge (homepage pricing)Verified

$60
$88
$188
$244
$444
$888
Not refunded

FundingPips Help: Get StartedVerified

FXIFY
Two Phase (Standard)
2-Step
$59 to $2,950

List prices from the program page's pricing table, before promo codes. Add-ons such as the 90% split cost extra.

FXIFY Two Phase ProgramVerified

$59
$89
$199
$379
$549
$1,049
Refunded with the first payout

No refund is paid if the account breaches before a profitable first withdrawal.

FXIFY FAQ: When will I be reimbursed for my purchase?Verified

FXIFY
One Phase
1-Step
$59 to $2,950

List prices from the program page's pricing table, before promo codes. Add-ons such as the 90% split cost extra.

FXIFY One Phase ProgramVerified

$59
$89
$199
$379
$549
$1,049
Refunded with the first payout

No refund is paid if the account breaches before a profitable first withdrawal.

FXIFY FAQ: When will I be reimbursed for my purchase?Verified

FXIFY
Instant Funding (Standard)
Instant
$69 to $4,249

List prices from the program page's pricing table, before promo codes. The page's marketing copy mentions sizes up to $50K, while the pricing table lists sizes up to $100K.

FXIFY Instant FundingVerified

$229
$449
$899
$1,749
$4,249
Not listed
Goat Funded Trader
2-Step Standard
2-Step
$52 to $1,198

List prices before the site-wide 45% code (GFT45), which the configurator shows next to each price. The $5K size is shown at $17.

Goat Funded Trader homepage: Choose Your AccountVerified

$52
$90
$234
$358
$628
$1,198
Refunded with the fourth payout

Includes instant accounts. Not refunded if the account fails before the fourth payout.

Goat Funded Trader Help Centre: Is the Evaluation Fee refundable?Verified

Goat Funded Trader
1-Step Model
1-Step
$74 to $914

List prices before the site-wide 45% code (GFT45), which the configurator shows next to each price.

Goat Funded Trader homepage: Choose Your AccountVerified

$74
$114
$214
$314
$530
$914
Refunded with the fourth payout

Includes instant accounts. Not refunded if the account fails before the fourth payout.

Goat Funded Trader Help Centre: Is the Evaluation Fee refundable?Verified

Goat Funded Trader
Instant Funding GOAT Model
Instant
$108 to $2,998

List prices before the site-wide 45% code (GFT45), which the configurator shows next to each price.

Goat Funded Trader homepage: Choose Your AccountVerified

$108
$158
$318
$488
$815
$1,663
Refunded with the fourth payout

Includes instant accounts. Not refunded if the account fails before the fourth payout.

Goat Funded Trader Help Centre: Is the Evaluation Fee refundable?Verified

Maven Trading
Standard 2-Step
2-Step
$19 to $440

List prices before the coupon price the page displays beside them.

Maven Trading 2-Step ChallengeVerified

$22
$44
Not listed
$220
$440
Not listed
Refunded on the third withdrawal

Maven Trading FAQ: What is the withdrawal frequency?Verified

Maven Trading
Standard 1-Step
1-Step
$15 to $380

List prices before the coupon price the page displays beside them.

Maven Trading 1-Step ChallengeVerified

$19
$37
Not listed
$170
$380
Not listed
Refunded on the third withdrawal

Maven Trading FAQ: What is the withdrawal frequency?Verified

Maven Trading
Instant
Instant
$15 to $380

List prices before the coupon price the page displays beside them.

Maven Trading Instant FundingVerified

$19
$37
Not listed
$170
$380
Not listed
Refunded on the third withdrawal

Maven Trading Instant FundingVerified

Pipster
One Phase Challenge
1-Step
$8.88 to $479

Pipster Challenge Pricing & RulesVerified

$39
$79
$159
$279
$479
Not listed
Not refunded

A refund is available within 14 days of purchase only if no trades have been placed.

Pipster FAQVerified

Pipster
Two Phase Challenge
2-Step
$29 to $499

Pipster Challenge Pricing & RulesVerified

$49
$89
$179
$289
$499
Not listed
Not refunded

A refund is available within 14 days of purchase only if no trades have been placed.

Pipster FAQVerified

Pipster
Instant Funded Account
Instant
$44 to $2,799

Pipster Challenge Pricing & RulesVerified

$199
$429
$949
$1,899
$2,799
Not listed
Not refunded

A refund is available within 14 days of purchase only if no trades have been placed.

Pipster FAQVerified

Pipster
Pipster Entry
Pay after pass
$1.99 upfront, plus an activation fee after passing

The activation fee ($43.99 to $539.99 by size) is due within 30 days of passing. Nothing more is owed if you do not pass.

Pipster Challenge Pricing & RulesVerified

$1.99
+ $43.99 after passing
$1.99
+ $88.99 after passing
$1.99
+ $178.99 after passing
$1.99
+ $314.99 after passing
$1.99
+ $539.99 after passing
Not listed
Not refunded

A refund is available within 14 days of purchase only if no trades have been placed.

Pipster FAQVerified

The5ers
High Stakes
2-Step
$19 to $405

Prices for the default New variant. The Classic variant lists $22 to $455.

The5ers High Stakes programme pageVerified

$35
$69
$176
$249
$405
Not listed
70% with the first payout

Passing phases 1 and 2 also adds 10% and 20% of the fee as Hub Credit, which cannot be withdrawn.

The5ers FAQ: Payout Policy and Hub Credit in the High Stakes ProgramVerified

The5ers
Hyper Growth
1-Step
$260
$450
Not listedNot listedNot listedNot listed
Not refunded

The5ers FAQ: How does the Hyper Growth Program work?Verified

The5ers
Pro Growth
1-Step
$52
$98
Not listed
$329
Not listedNot listedNot yet verified
The5ers
Bootcamp
3-Step
$22 to $225 upfront, plus a fee after passing

The remaining fee ($50 to $350 by size) is paid to receive the funded account, for totals of $72, $300 and $575.

The5ers FAQ: How Does the Bootcamp Program Payment structure Work?Verified

Not listedNot listedNot listedNot listed
$95
+ $205 after passing
Not listed
Not refunded

The5ers FAQ: How does the Bootcamp Program work?Verified

Q&A

Questions this data answers

Answers are generated from the verified values in the table, so they always match it. Each counts only programmes with that rule verified.

How much does a $100K prop firm challenge cost?

As of 28 September 2026, list prices before promo codes for a $100K account (or the firm's equivalent size), priced in USD, from lowest total cost: The5ers Bootcamp $95 upfront plus $205 after passing, Maven Trading Standard 1-Step $380, Maven Trading Instant $380, Blue Guardian 1 Step Standard $398, The5ers High Stakes $405, Maven Trading Standard 2-Step $440, FundingPips Zero $444, Alpha Capital Group Alpha Direct $457, Blue Guardian 2 Step Standard $463, Alpha Capital Group Alpha One 10% $477, Pipster One Phase Challenge $479, E8 Markets E8 One $488, Pipster Two Phase Challenge $499, Alpha Capital Group Alpha Pro 8% $527, Goat Funded Trader 1-Step Model $530, Pipster Entry $1.99 upfront plus $539.99 after passing, Funded Trading Plus 2-Step Classic $549, Funded Trading Plus 1-Step Express $549, FXIFY Two Phase (Standard) $549, FXIFY One Phase $549, FundedNext Stellar 2-Step $549.99, FundedNext Stellar 1-Step $569.99, Blue Guardian Instant Standard $623, Goat Funded Trader 2-Step Standard $628, FundingPips 2 Step Standard $652, FundingPips 1 Step Flex $666, Goat Funded Trader Instant Funding GOAT Model $815, Pipster Instant Funded Account $2,799, FXIFY Instant Funding (Standard) $4,249 and Funded Trading Plus Instant Funding $4,499; priced in EUR, from lowest total cost: BrightFunded 2-Step Bright Challenge €477, BrightFunded 1-Step Challenge €497, FTMO Challenge: 1-Step €499 and FTMO Challenge: 2-Step €540.

Which prop firms refund the challenge fee?

As of 28 September 2026, 15 of 34 programmes refund all or part of the fee: Blue Guardian 2 Step Standard, Blue Guardian 1 Step Standard, FTMO Challenge: 2-Step, FundedNext Stellar 2-Step, FundedNext Stellar 1-Step, FundingPips 2 Step Standard, FXIFY Two Phase (Standard), FXIFY One Phase, Goat Funded Trader 2-Step Standard, Goat Funded Trader 1-Step Model, Goat Funded Trader Instant Funding GOAT Model, Maven Trading Standard 2-Step, Maven Trading Standard 1-Step, Maven Trading Instant and The5ers High Stakes.

DEF

What each column means

Evaluation fee
List price by account size, before promo codes, in the currency the firm lists. We do not convert currencies.
Fee refund
Whether the evaluation fee is returned to the trader, for example with the first payout.

Who publishes this

Pipster is a prop firm. We include our own programmes and hold them to the same method: public first-party pages only, checked on the date shown. We do not rank firms, and no firm pays to be included or to change its data. Read the methodology.

Cite this

Pipster Research, "Evaluation Cost Database", verified 28 September 2026. https://www.pipster.io/research/evaluation-costs

Free to reuse under CC BY 4.0 with attribution.

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Spotted a change?

Firms change rules often. Email support@pipster.io with the value and a link to the firm's own page. We check it at the source before updating.