NEOMAAA Funded Refund Policy: How Their 100% Fee Refund Works (2026)

Active trader, honest take: I'm currently trading with NEOMAAA Funded alongside my Lucid Trading, TakeProfitTrader, and e8 Markets accounts. Haven't reached my first payout yet, so this assessment combines my own onboarding experience with verified community data and payout evidence from PayoutJunction.

No prop firm is perfect. NEOMAAA Funded has strengths and limitations I've documented alongside the positives. For the full breakdown of their account types, pricing, rules, and how they compare to other prop firms, read my complete NEOMAAA Funded review. For the absolute latest, check NEOMAAA Funded's website or their help center.

NEOMAAA Funded refunds 100% of your evaluation fee once you reach your second withdrawal as a funded trader. That means the entire amount you paid for the challenge gets returned to you alongside your second profit payout.

I've been tracking prop firm refund policies across 50+ firms. Most don't refund anything. A handful refund at the first payout. NEOMAAA doing it at the second payout sits somewhere in the middle. Not the fastest, but the full 100% makes it count.

This article breaks down exactly how the refund works, what it covers, when you get it, and how it changes the true cost of trading with NEOMAAA Funded. I'll run the real numbers so you can see what your effective cost looks like after the refund hits your account.

How Does NEOMAAA Funded's 100% Refund Work?

As of March 2026, NEOMAAA Funded's refund policy works like this: you pay for an evaluation challenge, pass it, get funded, trade profitably, request your first payout, and then when you successfully request and receive your second payout, your original evaluation fee is refunded in full.

The refund is 100% of the base evaluation fee. So if you bought a $100K 2-Step Origin account for $485, you get $485 back at your second withdrawal.

The timing is specific. First payout goes out normally. Second payout includes your regular profit split plus the full evaluation fee refund. After that, every subsequent payout is just your profit split.

One thing to note: the refund is tied to the second withdrawal, not the second month of being funded. If you take your first payout at 30 days, then your second at 60 days, that's when the refund hits. But if you wait 90 days for your first payout and 120 for the second, same deal. It's withdrawal count, not time elapsed.

What Does the Refund Cover?

The refund covers your base evaluation fee. That's the price you paid for the challenge itself.

For the $100K accounts on MT5, those base prices break down like this:

If you used a discount code like W35 (35% off), you get back what you actually paid, not the full retail price. Paid $315 for a 2-Step Origin with the promo? Your refund is $315.

Does the refund include add-ons? That depends on what NEOMAAA classifies as part of the evaluation purchase versus separate add-on purchases. The safe assumption: your refund covers the checkout total for the challenge itself. If you purchased a reset separately (NEOMAAA offers resets at a 15% discount), that reset fee is a separate transaction and wouldn't fall under the evaluation refund.

How Does This Affect the True Cost of Trading?

This is where the refund policy gets interesting from a cost-analysis perspective. If you pass the challenge and make it to your second payout, your net cost for the evaluation drops to zero.

Let me walk through a real scenario with the $100K 2-Step Origin at $485.

You buy the challenge for $485. You pass both phases. You get funded with a 70% profit split (starting split for Origin accounts). You trade profitably and request your first payout. Let's say you made $3,000 in profit. At 70%, you receive $2,100.

Now you keep trading. You hit your second payout with another $3,000 in profit. At your second withdrawal, you receive $2,100 in profit split plus $485 in evaluation refund. Total second payout: $2,585.

Your total income after two payouts: $4,685. Your total cost: $485 (evaluation fee). Net gain: $4,200 after factoring in the refund.

But here's the thing. Without the refund, your net gain would be $3,715. The refund adds $485 back into your pocket. That's a 13% boost to your total return over those two payouts.

With the W35 promo at ~$315, the math shifts even more in your favor. Lower upfront cost, same refund structure, better effective ROI.

When Does the Refund Hit Your Account?

NEOMAAA Funded's payout schedule determines your refund timeline. Origin accounts have a 30-day payout cycle. Prime accounts have a 14-day cycle.

Fastest possible refund timeline on a Prime account: get funded, trade for 14 days, first payout. Trade another 14 days, second payout with refund. That's roughly 28 days from your first funded trade to getting your evaluation fee back. In practice, account for processing time. Payouts don't always process on the exact day.

On an Origin account, you're looking at about 60 days minimum from your first funded trade to refund eligibility.

The refund is processed as part of the payout itself. It's not a separate transaction you have to request. When your second withdrawal processes, the fee refund is included automatically.

NEOMAAA pays out via USDT (TRC20 and ERC20), PayPal, and Rise Pay. The refund comes through whichever payout method you select for that withdrawal.

How Does NEOMAAA's Refund Compare to Other Prop Firms?

Most prop firms don't offer evaluation fee refunds at all. You pay the fee, pass the challenge, and the fee is gone. Period.

Among the firms that do offer refunds, the timing varies:

TakeProfitTrader refunds at the first payout, which is faster. That's one cycle earlier than NEOMAAA. If speed of refund matters to you, that's worth considering.

But the fact that NEOMAAA offers the refund at all puts them in the top tier. Most firms treat evaluation fees as pure revenue. NEOMAAA's policy signals they're confident enough in their business model to return the fee once you prove you're profitable.

How Does the Refund Change Long-Term Cost Analysis?

If you're running multiple prop firm accounts (which you should be), the refund policy changes your cost math significantly.

Let's say you buy three NEOMAAA Funded accounts using the W35 promo code. Two 2-Step Origin at ~$315 each and one NOVA at ~$195. Total upfront: $825.

If you pass all three and reach two payouts on each, your total refund is $825. Every dollar comes back. Your effective evaluation cost across all three accounts drops to zero.

Compare that to a firm with no refund policy where those fees are just gone. Over 12 months of buying challenges, the refund difference compounds.

The real cost of prop trading isn't just the evaluation fee. It's the evaluation fee multiplied by your pass rate. If you pass 1 in 3 challenges, your effective cost per funded account is 3x the fee. With a refund policy, you still lose the fees on the two failed challenges, but you recover the fee on the one you passed and held through two payouts.

That recovery matters. Especially if you're scaling up and buying multiple challenges at different firms.

What Happens If You Fail Before the Second Payout?

If you pass the evaluation, get funded, take your first payout, and then blow the funded account before reaching your second payout, you don't get the refund. The refund is specifically tied to receiving the second withdrawal.

This isn't unusual. Every firm that offers refunds has a trigger point, and you have to reach it. The trigger here is your second payout.

If you breach during the evaluation phase, there's no refund. Standard across the industry. You paid for a challenge, you didn't pass it.

NEOMAAA does offer a reset option at a 15% discount if you breach during the evaluation. But the reset fee is a separate cost. It doesn't factor into the refund calculation for the original challenge.

Does the W35 Promo Code Affect the Refund?

Yes, but only in terms of the amount refunded. If you use promo code W35 for 35% off plus a buy-one-get-one deal, you get refunded what you actually paid.

Here's how it breaks down. W35 gives you 35% off your purchase plus a free second account. So you pay roughly $315 for a $100K 2-Step Origin and get a second account free.

For the account you paid for: your refund at the second payout would be ~$315, not the full retail $485.

For the free BOGO account: this is where it gets interesting. A free account has a $0 cost basis. If the refund policy is "100% of what you paid," and you paid $0 for the second account, the refund on that account would logically be $0. That said, I'd recommend checking NEOMAAA's specific terms on how BOGO accounts interact with the refund, because policies can have nuances here.

The W35 promo is still a solid deal even without factoring in refund specifics on the free account. You're getting two accounts for the price of 0.65 of one.

Why Does the Refund Policy Matter for Your Decision?

The refund policy tells you something about the firm's confidence and business model.

Firms that refund evaluation fees are betting that they'll make money from the spread between trader losses and the capital they allocate. They don't need to keep your fee as profit because their business model works without it.

Firms that don't refund are either less confident in their model or they rely more heavily on evaluation fees as a revenue stream. Neither is inherently bad, but it's a data point.

For you as a trader, the refund lowers your break-even point. Without a refund, you need to earn enough from your profit split to cover the evaluation fee before you're in the green. With NEOMAAA's refund, you're net positive faster because the fee comes back.

On a $100K Origin account with a 70% split, you'd need about $693 in gross profit to cover the $485 fee from your split alone ($485 / 0.70). With the refund, that $485 comes back at your second payout regardless. So every dollar of profit split from day one is net positive once you hit that second withdrawal milestone.

How to Maximize the Value of NEOMAAA's Refund Policy

The refund creates a clear two-payout goal. Everything in your trading plan should orient around reaching that second payout consistently.

First, choose the right account type for your style. Prime accounts have 14-day payout cycles versus 30-day for Origin. If you want the refund faster, Prime gets you there in roughly half the time. But Prime has a tighter 3% daily drawdown versus 4% on Origin. Pick the account that matches your risk tolerance, not just the faster refund timeline.

Second, don't rush payouts. Some traders chase the minimum withdrawal just to trigger the refund faster. That's backwards. Trade your plan. The refund will come when it comes. Blowing your account trying to speed-run two payouts costs you the refund entirely.

Third, stack with the W35 promo. 35% off plus BOGO means your upfront cost is lower, and the refund covers what you paid. Lower entry, same return. Simple math.

The bottom line: NEOMAAA Funded's 100% evaluation fee refund at the second payout is a genuine cost advantage. It won't make or break your decision on its own. But combined with competitive pricing, the W35 promo code, and reasonable profit splits of 70-90%, it materially reduces the long-term cost of trading with them. If you're comparing firms and two options are otherwise equal, the one that gives your fee back wins. For traders who can't stomach the second-payout wait, TakeProfitTrader refunds at the first payout. For everyone else, NEOMAAA's refund policy is a strong trust signal that your money flows back if you perform.

Frequently Asked Questions

Does NEOMAAA Funded refund the evaluation fee?

Yes. NEOMAAA Funded refunds 100% of the evaluation fee at the trader's second withdrawal. The refund is automatic and included as part of the second payout alongside the regular profit split. No separate request is needed.

When does the NEOMAAA Funded refund get processed?

NEOMAAA Funded processes the evaluation fee refund with the second payout. On Origin accounts with 30-day payout cycles, the earliest refund timeline is roughly 60 days after the first funded trade. Prime accounts with 14-day cycles can receive the refund in approximately 28 days.

Does the refund include discounted prices from promo codes?

NEOMAAA Funded refunds the amount the trader actually paid. If a promo code like W35 reduced the price from $485 to approximately $315, the refund at the second payout would be the ~$315 that was charged, not the full retail price.

What happens to the refund if I breach my funded account after the first payout?

If a trader breaches their NEOMAAA Funded account after the first payout but before the second payout, the evaluation fee refund is forfeited. The refund is tied specifically to completing the second withdrawal. No second payout means no refund.

Is NEOMAAA Funded's refund policy better than other prop firms?

NEOMAAA Funded's 100% refund is competitive within the prop trading industry. Most prop firms offer no evaluation fee refund at all. Some firms like TakeProfitTrader refund at the first payout, which is one cycle faster. NEOMAAA Funded's second-payout timing is slightly slower but the full 100% return matches or exceeds most competitors.

Does the BOGO free account from W35 also qualify for a refund?

The W35 promo code at NEOMAAA Funded includes a buy-one-get-one offer. Since the second account is free (cost basis of $0), the refund mechanics for the free account depend on NEOMAAA Funded's specific terms regarding BOGO purchases. Traders should confirm directly with NEOMAAA Funded support for the exact policy on free promotional accounts.

Can I request the refund before my second payout?

No. NEOMAAA Funded's refund policy is structured so that the evaluation fee is returned automatically with the second withdrawal. There is no option to request an early refund before reaching that milestone. The refund is a reward for consistent profitability, not an on-demand feature.

Does the refund apply to all NEOMAAA Funded account types?

NEOMAAA Funded's 100% evaluation fee refund at the second withdrawal applies across their account types including Origin, Prime, NOVA, and Instant accounts. The refund amount equals whatever was paid for that specific account's evaluation, regardless of which account type the trader chose.

How does the refund affect the total cost of trading with NEOMAAA Funded?

NEOMAAA Funded's refund effectively reduces the long-term evaluation cost to zero for traders who reach their second payout. A $100K 2-Step Origin at $485 becomes a $0 net evaluation cost once the second withdrawal is processed. This means every dollar earned in profit split from the first payout onward represents pure net income after the refund is received.

Does the reset fee get refunded too?

No. NEOMAAA Funded's evaluation fee refund covers only the original challenge purchase price. Reset fees, which NEOMAAA Funded offers at a 15% discount off the original price, are separate transactions and are not included in the refund at the second withdrawal.