Firstly, we need to know that you are taking the Evaluation Challenge seriously, and not just taking random, risky trades in the hope they pay off, with no consequence if they don’t.
Secondly, and more importantly, we always see a drop-off in trading performance when a trader moves from simulated trading to live trading. This is because of the psychological challenges of trading with fake money vs real money.
This represents a challenge for us.
In order to try to create a simulated experience as close as possible to a live experience, we have the reset fee to encourage you to trade with 'consequence' You are going to be far more cautious with your decision-making (like you would in live trading) if you know you will have to pay a reset fee if you break the rules in the evaluation.
We believe the extra caution that comes with the risk of having to pay a reset fee moves you closer to the experience of trading live, it will encourage you to approach trading on the simulator the same way as you will approach trading a live account, and will therefore reduce the impact of the sim-to-live drop off in performance a lot of traders face.
The reset fee is $99.
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