If you are unsuccessful in completing a Challenge on your initial try, you will be eligible for a 20% discount to make a subsequent attempt on the same challenge.
For example: trader A buys a $1,200 Challenge and fails to pass. If they apply the 20% discount code when purchasing a new challenge, a $240 discount applies to their challenge fee.
The discount is not cumulative and remains at 20% regardless of the number of times a challenge hasn’t been passed.
So, if trader B fails a $699 challenge the first time, his second purchase of a $699 Challenge would cost him $560. If they don’t pass the second time and decide to buy a third $699 challenge, it will cost them another $560.
The discount applies however far through the Challenge the trader gets, whether they fail during phase 1 or phase 2 or after gaining access to the OANDA Prop Trader account.