The most you can lose

Why can't a loss turn into a debt?

Because no real money is traded on the account. Every Eiger Funded account is a Simulated Demo Trading Account: prices come from the live market, but orders never reach a real exchange. A loss on the account is a loss on a simulated balance, and there is nothing behind it for anyone to recover from you.

Eiger Funded is not a broker. It takes no client deposits, holds no client money and places no real orders, so there is no trading balance of yours that a loss could eat into. The fee you pay is not a deposit or an investment; it pays for the account, the eTrader platform and the software that checks your trades against the rules.

The account can fail. It cannot send you a bill.

What is at stake, program by program

This is the full amount you pay up front on each program. On the 2-Step and 1-Step Challenges it is also the most you can lose on that account.

Pay After You Pass changes shape once you pass. You then pay the rest of the 1-Step fee, with no deadline to do it, and the funded account opens on the day you pay. From that point you have paid the full fee, the same as a 1-Step buyer. Fees by size are compared in every fee on one page.

A worked example on a €100,000 account

Two traders buy a €100,000 evaluation. One takes the 1-Step Challenge for €735. The other takes Pay After You Pass and pays €147 at checkout.

While they evaluate, both have the same limits: 5% daily loss (€5,000) and 12% overall drawdown (€12,000), trailed from peak equity. Say both accounts fall €12,000. Both fail. Neither owes anything on the €12,000; it was a simulated loss.

What each has lost is what each has paid. The 1-Step trader has lost €735. The Pay After You Pass trader has lost €147, and the €588 that would have been due after passing is never owed.

Now say the 1-Step trader wants to try again on the same account. A first step that ends, by a breach or by inactivity, can be restarted once, at half the full fee for the size: €367.50 here. That is a second payment, and it is at stake in the same way as the first. The Pay After You Pass trader can restart too, at the same price, because it is half the full 1-Step fee: €367.50 on the 100K, not half of the €147 paid at checkout. The €588 rest of the fee is still due if that trader then passes. The details are in the half-price restart.

The account itself is also at stake

The site words the maximum loss carefully: the fee already paid, plus the account itself if a rule is breached. On a funded account, "the account itself" includes any simulated profit not yet paid out. Under the Terms & Conditions, a breached account loses access to the platform and any unpaid simulated profit.

So a funded trader with profit on the account who breaches a rule before requesting a payout loses the chance of a reward on that profit. It is not money they had, and nothing is taken from them, but it is the one loss that can be larger than the fee on paper.

Every rule that can fail an account is on the trading rules page. A breach fails the account at once, with no warnings.

Is the fee refundable if things go badly?

No. The Refund Policy says all purchases are final, because the account is delivered in full at checkout, and lists breached accounts and dissatisfaction with results among the cases where no refund is given. The only exceptions are technical billing errors, such as a duplicate charge.

Opening a chargeback while an account is active is a material breach of the Terms and ends all your accounts. Treat the fee as spent the moment you pay it; that is the honest way to size it.

Trading carries a high level of risk, most traders do not make a profit, and the Risk Disclosure says plainly that you can lose the entirety of any fee paid.

Frequently asked questions