The5ers Review for 2024
Some of the links on this page may link to our affiliates. Learn more about our affiliate policies.
Last Updated: January 5, 2023
Cost:
€85.00 - €745.00
Instruments:
All Forex combinations of the major currencies, Gold (XAUUSD), Silver (XAGUSD), and Indices
Leverage:
1:6 for low risk programs and 1:30 for more aggressive ones
Days to Funding:
No minimum
Package:
MetaTrader 5
Highlights:
Can trade news, Holding positions overnight and over the weekend are allowed
Discounts: Claim 10% OFF automatically added at the checkout
The5ers Prop Trading Firm Overview
Forex is the largest market worldwide and is often the first step for many traders. Although you don't require a lot of capital to make money for forex trading, it is easier to use more advanced strategies and trade at scale. Even if your initial capital is small, forex trading can be lucrative, and you can trade large.
With The5ers program you can trade up to 3 accounts and may receive financing for up to $3.84 million to help you start your forex trading career. What's the catch? Let's look at the offer to find out everything before we start.
This prop trading company offers three types of programs: Bootcamp, Freestyle and Instant Funding.
What makes The5ers different from other programs, you might ask? Here are just a few things that stand out right away:
- Daily live trading room 4 times a week
- TRADING PERFORMANCE STATISTICS
- FREE WEBINARS
- Real-Time Trading Notifications
- RISK MANAGEMENT AND TRADING PLAN
- Free 1 On 1 Performance Coaching
- A high-quality blog
- A special collaboration with Dr.Gary Dayton, the author of the best seller book" trade mindfully."
- Prop firm course
- Trading ideas page
- Forex scalping workshop
- Forex supply and demand workshop
- The5ers classes and trading strategies
Now let's dive into the nitty-gritty about The5ers Funded Trading programs and their intricacies.
Three Types of Programs Offered By The5ers
The5ers Instant Funding Program
The5ers invented the first instant funding program, which is being copied by everyone today. They have two Instant Funding routes that you can take as a trader that's looking for instant funding: Risk Management Route and Aggressive Trader Program. Please refer to the table below to see how these two Instant Funding programs compare:
| Low Risk $24K | Aggressive $24K | Low Risk $40K | Aggressive $40K | Low Risk $80K | Aggressive $80K | |
|---|---|---|---|---|---|---|
| Starter Funding Capital | $6,000 | $6,000 | $10,000 | $10,000 | $20,000 | $20,000 |
| Profit Target | $375 / 6% | $720 / 12% | $600 / 6% | $1,200 / 12% | $1,400 / 7% | $2,400 / 12% |
| Stopout | $5,750 / $-250 | $5,750 / $-250 | $9,600 / $-400 | $9,600 / $-400 | $19,200 / $-800 | $19,200 / $-800 |
| Account Leverage | 1:10 | 1:30 | 1:10 | 1:30 | 1:10 | 1:30 |
| Stoploss Required | 1.5% | No | 1.5% | No | 1.5% | No |
| Maximum Time | 180 Days | 60 Days | 180 Days | 60 Days | 180 Days | 60 Days |
| Next Funding Level | $24,000 / X4 | $24,000 / X4 | $40,000 / X4 | $40,000 / X4 | $80,000 / X4 | $80,000 / X4 |
| Payout Split | 50% | 50% | 50% | 50% | 50% | 50% |
| Guaranteed Funding | 4 Million | 4 Million | 4 Million | 4 Million | 4 Million | 4 Million |
| Participation Fee | €235 | €235 | €385 | €385 | €745 | €745 |
| Profit Target | 10% | 25% | 10% | 25% | 10% | 25% |
The Metatrader5 platform hosts The5ers funded account program. This program allows you to trade with funds using real money or live-funded trading accounts. You will be able to generate real profits throughout the entire process and demonstrate financial responsibility through disciplined funding management. The Capital Funding team will provide the funds for your Level 1 process. However, most of your financial contribution will be used to protect your account and funds from loss.
TARGETS OBJECTIVES Your account will be closed once you reach your profit goal & objectives. The month's end will see your profit. After that, you will be made a Portfolio Manager Partner, and a Funded Forex account with higher capital will be opened in your name. The new account is created according to your Level 1 Program.
OFFERED TRADING SECURITIES:
- All Forex Majors and Crossings.
- Currencies: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF.
- Metals: Silver and Gold.
- Indices: SnP500, DAX30, NAS100, US30, UK100, JPN225.
PROCESS FOR-PROFIT PAYMENT: Your profits are paid when you reach your target. Your Level 1 account will be closed immediately if it has any open positions after the time limit expires. You will still receive your profit if your account has a positive balance.
TERMINATION OF ACCOUNT: The5ers traders are evaluated carefully and fairly. Accounts at Level 1 that exceed the maximum Stop out Rate will be closed. The trader will be paid in the next payment cycle if there are any remaining profits.
Trade live starting on day 1 and ending at $4M while getting to choose the best-suited funded trading account.
The5ers Freestyle Program
EVALUATION PHASE ON A $25K/$50K Demo Account
- Cost: EUR285/EUR550
- There is no maximum drawdown
- There is no balance target
- No time limit
- MT5 Networking
- Account
- Checkpoint: 100 positions.
- Performance Criteria:
- >0 &2 - Reset (on your first account, you can reset even after drawdown).
- >= 2 - Funded.
- >= 3 – Funded + 120% refund
- Consistency Rule - Positions greater than x2.5 are subject to the performance factor.
- Winning factor: Minimum of 30 positions must be winning ones.
FREESTYLE LIVE FUNDED ACCOUNT
- Absolute Stop level: 10%
- Initial account balance: $25/$50K
- Withdrawal after the first 50 positions
- Option for growth after 100 positions
- 100% profit is yours
- >= 2 = Growth.
- Performance Factor:
- Termination on funded accounts will only happen when max drawdown is reached or three months of inactivity.
This program is brand new. After receiving feedback and data from traders, The5ers may change the program to improve its performance.
There is no need to feel pressured by time limits or unrealistic profit targets. Instead, trade your strategy for over 100 positions, and you will receive funding.
What would The5ers like to see? How much risk are you willing to take to make a profit. The gains that you get from consistent trading rather than lucky trades. They want you to be who you are.
This program is not to make a profit. It's meant to show the prop firm that you can make more than you take on.
The5ers will examine your trading of over 100 positions. As you progress, they will divide your net profit by your maximum relative drawdown (AKA Performance Factor). In addition, your Winning Factor, the number of winning trades you have made in a given period, will be considered.
To end 100 positions with a Performance factor greater than 2, you must focus on consistency and risk management.
The Bootcamp
This is the first low-cost challenge where you can demonstrate your trading skills. Once you pass, you will be charged the remaining amount. You pay 300 euros for the challenge and get a $100,000 funded account.
While a low price point might signal to some that the program is easy, it is, in fact, designed for testing of consistency and discipline purposes. This program is definitely not for everyone. For you to finish this program you will have to pass 3 challenges on a demo account which aim to measure your trading consistency and profitability.
Only after these three challenges are completed, the trader will be able to trade with a live funded account and qualify for a profit split.
The Three Challenges Stages
The entry cost for the demo trading account is 84 Euros and there is no minimum days or trades requirement in place. The leverage is 1:10 and your maximum time for completion for all of the 3 stages is 12 months.
| Starting Balance | Maximum Loss (5%) | Profit Target (6%) | |
|---|---|---|---|
| Challenge 1 | $25K | $1,250 | $1,500 |
| Challenge 2 | $50K | $2,500 | $3,000 |
| Challenge 3 | $75K | $2,750 | $4,500 |
Live Trading Stages Overview
Starting account balance after passing the 3 challenge stages is $100K. You will need to pay a fee of 215 more Euros, but only if you have passed the previous 3 demo challenge stages. You will be able to step up every 5% gain and receive a profit split of 80/20. Max number of accounts per trade is 3 and the leverage stays at 1:10.
| Funded Level | Account Balance | Maximum Loss (4%) | Profit Target (5%) | Payout Ratio |
|---|---|---|---|---|
| Pro PM1 | $100k | $4,000 | $5,000 | 50/50 |
| Pro PM2 | $125k | $5,000 | $6,250 | 50/50 |
| Pro PM3 | $150k | $6,000 | $7,500 | 50/50 |
| Pro PM4 | $175K | $7,000 | $8,750 | 50/50 |
| Pro PM5 | $200K | $8,000 | $10,000 | 50/50 |
| Pro PM6 | $250K | $10,000 | $12,500 | 50/50 |
| Pro PM7 | $300K | $12,000 | $15,000 | 60/40 |
| Pro PM8 | $400K | $16,000 | $20,000 | 60/40 |
| Pro PM9 | $500K | $20,000 | $25,000 | 60/40 |
| Pro PM10 | $750K | $30,000 | $37,500 | 60/40 |
| Pro PM11 | $1M | $40,000 | $50,000 | 60/40 |
| Pro PM12 | $1.5M | $60,000 | $75,000 | 70/30 |
| Pro PM13 | $2M | $80,000 | $100,000 | 70/30 |
| Pro PM14 | $2.5M | $100,000 | $125,000 | 70/30 |
| Pro PM15 | $3M | $120,000 | $150,000 | 80/20 |
| Pro PM16 | $3.5M | $140,000 | $175,000 | 80/20 |
| Pro PM17 | $4M | $160,000 | $200,000 | 80/20 |
SPECIFICATIONS
- All positions and orders require a Stop-loss.
- No Stop-loss position can be taken that is more than 1% of your account balance.
- Opening a new position without a Stop Loss Order or putting more than 1% on the account balance in a single transaction will be considered violations.
- Accounts with more than three violations will be terminated.
- Leverage on all accounts - 1/10
- News trading is allowed.
- Each level of the Challenge stages will be available for 48 hours after completion.
- Open trades are allowed over the weekend and overnight.
- Accounts that have not been active for 21 days or more will be closed.
- The maximum number of accounts per trader is 3. Each account must use a different trading strategy.
- For the terms and conditions of this program, click here.
Who is The5ers (The5%ers)?
The5ers is one of the oldest and most reliable prop firms in the industry. It is a platform for funding forex traders and a growth program. It helps top forex talent make the transition to full-time trading. Their goal is to help the brightest and most successful traders worldwide and allow them to make higher profits trading currencies with less capital and on their own.
The story of the fund provider began in 2016 when Gil Ben Hur (professor forex trader) and Snir Ahiel (fund manager) launched the firm. Due to a common problem, the founders agreed on their opinions. Although they had the necessary skills, they lacked the capital to make significant profits. They realized that not only did they have the problem, but many other currency traders also struggled. So they launched a platform to help them build a career.
The company was founded in a small community and quickly grew to be one of the most prominent prop companies in the industry. It is now a highly sought-after business with a growing demand for its services and products. The company is headquartered in Israel but has a UK office.
The prop firm has continued to fund and develop professional and beginner traders, allowing them to earn profits while minimizing their capital risk. Users can trade real money on the platform from day one without being qualified or self-funding.
Funded account options for Forex traders offered by The5ers
The5ers offers a forex-funded account that allows anyone to get a jump start on their professional career. It is affordable and provides ongoing support by seasoned professionals.
Although it sounds too good to be true, this is not the case. Don't believe me? To help you discover the most important features of the fund traders program, let's take a look at them.
How can Forex traders start?
You will first need to decide which package is best for you. These options are broken down based on how large your account is and how much funding you can get immediately. These include:
- Option 1: $24,000-$6,000 Instant Funding ($275 Participation Fee)
- Option 2: $40,000-$10,000 instant funding (450 participation fee).
- Option 3: $52,000 Instant Funding ($13,000 Instant Funding) (with a participation fee of $565)
- Option 4: $80,000-$20,000 Instant Funding ($875 Participation Fee)
There are two options for aggressive and low-risk programs. This will determine the profit target that you should aim for. The low-risk evaluation program targets a 6-7% increase in net profit. However, aggressive traders aim for a 12% and 13% net profit rate.
After you sign up, you'll be assigned a Level-1 funded account. The5ers will evaluate your trading style and profile, profit target, performance, and other factors.
Accounts that exceed or reach the maximum stop-out rates for a particular funded account option will be closed.
Level 1 account holders aim to show that they can provide consistent returns and minimize risk. It is a test that you must pass to achieve your profit target. You should also not exceed the maximum loss rules and use leverage responsibly.
You will be awarded your first payment and a trading contract if you pass the test.
Capital Requirements
The company provides the funding, so even beginners can participate.
You only need to pay a once-off fee. The fee size varies depending on how large your account is, which can range from $275 to $875.
Let's see if you are curious about the catch. The company will keep 50% of your profits once you make money. This is a higher percentage than other funded trader programs we reviewed, like Earn2Trade.
Traders can also take advantage of a one-time fee paid each month. However, if you wish to withdraw more than one time, you will be charged either a $15 minimum or a 3% handling charge.
No trading skills or background required
The best part about the forex trading evaluation program is that anyone can participate, regardless of their experience.
Even more important, you will have access to the professional guidance of The5ers' staff. You will also find useful trading tips, risk management advice, and educational articles.
This shows that the risk management program is not just for making money. It can be used to learn and test currency trading without any risk.
Additional Benefits to the Low-Risk Evaluation Program
The program is hosted on Metatrader 5, the most widely used trading platform worldwide. As a result, even new account owners can access plenty of resources to help them make the most of the program. The program also teaches you skills that will help you transition to another service if you don't find The5ers' services valuable.
The extensive range of tradable assets is another significant advantage of the fund trading account. These include:
- Majors: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF;
- All Majors' Crossings: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY.
The Trading Resources section of the website should be mentioned as well. This section is full of valuable resources to help you no matter where you are in your journey. For example, there are articles on trading ideas, videos, a forex-dedicated blog, videos, a trading area, an economic forex calendar, risk-related workshops, etc.
Last but not least, let's not forget the importance of professional guidance. Trading is a difficult profession that requires dedication and time. You might feel like giving up at times. This is why it is important to have someone to turn to when you need help. The5ers offers full-time support for investors and traders alike with their financial markets journey.
The5ers Review Summary
The5ers' forex trader program, funded by The5ers, is a great option for anyone. You only need to prove that you can trade successfully, follow your trading plan and be consistent. You will progress up the ladder if you can achieve that.
The5ers' offering may seem too costly for sophisticated traders. The company maintains a 50% profit-sharing model. This might seem excessive for profitable traders and market participants who trade at scale.
It is worth looking into the funded forex program. Similar services include City Traders Imperium, Fidelcrest.
Frequently Asked Questions
- See more of The Best Funded Trader Programs for 2023
Risk Disclosure: This content is provided for informational purposes only. We strive to make the content accurate and current by updating it often. Sometimes, the actual data may differ from what is stated on our website. onlineproptrading.com operates independently. Although we are an independent platform, advertisements and sponsored products may compensate us. We also receive compensation for clicking on links on our website. Authors and contributors are not certified or registered financial advisors. Before making any financial decisions, you should consult a financial professional.