| Year Established | 2016 |
| Headquarters | Israel |
| Mission | Identify and support the top 5% of forex traders worldwide |
| Funding Programs | Bootcamp, Hyper Growth, High Stakes |
| Account Sizes | Up to $250,000 |
| Profit Splits | Up to 100% |
| Leverage | 1:6 to 1:30 |
| Trading Instruments | Forex, Commodities, Indices, Cryptocurrencies |
| Trading Fees | Spreads, Commissions, Swaps |
| Payout Frequency | Every two weeks |
| Payout Methods | Bank Transfers, Cryptocurrencies, Wise |
| Support Channels | Email, Chat, Phone |
| Educational Resources | Webinars, Articles, Mentorship Programs |
| Trading Platforms | MetaTrader 5 (MT5) |
| Accepted Currencies | USD |
| Brokers | ECN Brokers |
| Rules | Mandatory stop-loss, specific drawdown limits, scaling plans |
| Withdrawal Methods | Bank Transfers, Cryptocurrencies, Wise |
| Payment Methods | Direct transfer, Credit cards, Cryptocurrencies |
| Note | Traders paying via Confimo/Coingate (Cryptocurrency) should account for extra fees for network transactions. If payment is underpaid due to fees, the order will not complete, and the account will not open. |
| Restricted Countries | United States, Afghanistan, Burundi, Central African Republic, Cuba, Congo Republic, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iraq, Iran, Israel, Laos, Liberia, Libya, Myanmar, North Korea, Palestinian Territory, Papua New Guinea, South Sudan, Sudan, Somalia, Syria, Vanuatu, Venezuela, Yemen |
| Pros | High profit splits, No minimum trading days, Diverse funding programs |
| Cons | Lower leverage in some programs, Mandatory stop-loss requirements |
Introduction
The5ers is a proprietary trading firm that offers traders a selection of three account types, a three-step evaluation, an instant funding program, and a two-step evaluation. The5ers is partnered with a top-tier liquidity provider to ensure direct market access and trading on the MetaTrader 5 platform.
In this review, we’ll get into the company’s background, examine the various funding programs they offer, and explore the trading conditions and requirements. We’ll also cover profit splits and payout processes, weigh the pros and cons, analyze broker partnerships and the trading environment, and review the support and resources available to traders. Furthermore, we’ll highlight user experiences and testimonials, provide expert opinion, and conclude with final thoughts and recommendations.
The5ers Company Overview
The5ers, legally known as Five Percent Online Ltd, was incorporated on April 9, 2020, and is headquartered in Raanana, Israel, with an additional location in London, UK. The firm is led by founder and CEO Gil Ben Hur, who has been a full-time individual forex trader since 2007 and is a specialist in order flow and price-action methodologies. As a reputable trading coach and former private investor portfolio manager, Gil launched The5ers in 2016 to provide individual forex traders worldwide with the opportunity to trade larger amounts of capital and benefit from an excellent scaling plan.
The5ers has become a leader in the forex industry, built by traders who have faced and overcome the same challenges as their clients. The firm’s mission goes beyond just financial gains; it aims to ensure that traders do not burn out and lose their financial stability while pursuing their dreams. The5ers focuses on providing the right tools and methods for education, bringing awareness to psychological challenges, and identifying the right opportunities for traders to walk away if necessary.
The vision of The5ers is to find the right people with the proper temperament who are in it for the long game, providing them with funding so that both the traders and the firm can profit together.
Key Highlights
- Headquarters: Raanana, Israel, and London, UK
- Year Established: 2020
- Mission: To ensure traders do not burn out while pursuing their dreams by providing the right tools, education, and psychological support.
- Vision: To find and fund traders with the right temperament for long-term success, allowing both the traders and the firm to profit together.
The5ers Funding Programs
The5ers offers a variety of funding programs tailored to meet the diverse needs of forex traders. These programs are designed to provide traders with the opportunity to access significant trading capital and scale their accounts based on performance.
- Bootcamp Program
- Hyper Growth Program
- High Stakes Program
Each program is structured to provide traders with a clear path to increase their trading capital while maintaining manageable risk levels. The flexibility and scalability of these programs make The5ers an attractive option for traders aiming to grow their accounts and achieve long-term success in the forex market.
Bootcamp Program
- Description: The Bootcamp Program is perfect for traders starting with a lower initial investment. It features a three-step evaluation process, where traders need to achieve a 6% profit target in each phase. Successfully completing these phases makes traders eligible to manage a funded account with profit splits ranging from 50% to 100%. There are no minimum trading day requirements, allowing traders to progress at their own pace. Additionally, the program includes a scaling plan, which offers opportunities to increase the initial account balance as traders demonstrate consistent performance.
- Account Sizes: Up to $100,000
- Profit Splits: Starting at 50%
Hyper Growth Program
- Description: The Hyper Growth Program is designed for traders seeking rapid account growth without undergoing an evaluation phase. Traders can start trading immediately with profit splits from 50% to 100%. The program requires an initial 10% profit target, with rules including a 3% daily pause and a 6% maximum loss. There are no minimum or maximum trading day requirements, providing traders with the flexibility to trade according to their schedules. The Hyper Growth Program also includes a scaling plan, enabling traders to increase their account balance as they achieve their profit targets.
- Account Sizes: Up to $200,000
- Profit Splits: Up to 100%
High Stakes Program
- Description: The High Stakes Program is intended for experienced traders needing substantial capital. This two-step evaluation requires traders to reach an 8% profit target in phase one and a 5% target in phase two. Upon successful completion, traders can earn profit splits from 80% to 100%. The program enforces a 5% maximum daily loss and a 10% maximum overall loss, promoting disciplined trading. There are no maximum trading day requirements, but traders must have at least three profitable trading days per phase. The High Stakes Program also features a scaling plan, allowing traders to grow their account balance as they demonstrate consistent profitability.
- Account Sizes: Up to $250,000
- Profit Splits: Up to 100%
The5ers Trading Conditions and Requirements
The5ers offers competitive trading conditions and clear requirements to ensure disciplined and effective trading. Here are the key details:
Leverage
- Leverage ranges from 1:6 to 1:30, depending on the program.
Specific Rules
- Mandatory Stop-Loss: Traders must set a stop-loss for every trade to manage risk.
- Drawdown Limits: Specific drawdown limits apply, including a daily loss limit and overall account drawdown.
- Trading Days: There are no minimum trading day requirements, allowing traders flexibility in managing their accounts.
- Scaling Plan: The5ers features a scaling plan that allows traders to increase their account size based on performance.
Evaluation Process
- Profit Targets: Vary by program, with realistic objectives that need to be met to progress.
- Risk Management: Strict rules are in place to ensure traders maintain disciplined trading practices.
The5ers Profit Splits and Payment Methods
Profit Splits
- Bootcamp Program: Profit splits range from 50% to 100%.
- Hyper Growth Program: Profit splits range from 50% to 100%.
- High Stakes Program: Profit splits range from 80% to 100%.
Payment Methods
- Deposits: Can be made using direct transfer, credit cards, and cryptocurrencies. Note that traders paying via Confimo/Coingate (cryptocurrency) should account for extra fees for network transactions. If payment is underpaid due to fees, the order will not complete, and the account will not open.
- Withdrawals: Available via bank transfers, cryptocurrencies, and Wise.
Payout Frequency
- Payouts are made every two weeks, ensuring regular access to earnings.
The5ers Pros and Cons
Pros
1. High Profit Splits:
- The5ers offers profit splits up to 100%, allowing traders to keep a significant portion of their earnings. This is particularly beneficial for successful traders who can maximize their profits without high commission fees.
2. Diverse Funding Programs:
- The firm provides a variety of funding programs tailored to different trading styles and experience levels. This ensures that both novice and experienced traders can find a program that suits their needs and goals.
3. No Minimum Trading Days:
- Unlike many other prop firms, The5ers does not impose a minimum trading day requirement. Traders have the flexibility to trade at their own pace, making it easier to manage their strategies and schedules.
4. Regular Payouts:
- Bi-weekly payouts ensure that traders can access their earnings regularly, which is crucial for those who rely on trading as their primary source of income.
5. Comprehensive Support and Resources:
- The5ers offers robust support through email, chat, and phone, along with a wealth of educational resources such as webinars, articles, and mentorship programs. This support helps traders improve their skills and stay informed about market trends.
Cons
1. Lower Leverage in Some Programs:
- Some of The5ers’ programs offer lower leverage compared to other prop firms. This can limit the potential for higher returns on trades, especially for those who prefer to use higher leverage in their strategies.
2. Mandatory Stop-Loss Requirements:
- The firm requires traders to set mandatory stop-losses on all trades. While this promotes disciplined trading and risk management, it may be restrictive for traders who prefer more flexible risk strategies.
3. Specific Drawdown Limits:
- Each program has defined drawdown limits that traders must adhere to. Exceeding these limits can result in account termination, which adds pressure on traders to manage their losses carefully.
The5ers Broker Partnerships and Trading Environment
The5ers collaborates with reputable ECN brokers to ensure a secure and efficient trading environment. These brokers provide tight spreads and fast execution speeds, crucial for effective trading.
Trading Instruments
The5ers offers a diverse range of trading instruments:
- Forex: Major, minor, and exotic currency pairs
- Commodities: Gold, silver, oil, etc.
- Indices: Major global indices like the S&P 500, Dow Jones, NASDAQ
- Cryptocurrencies: Popular options such as Bitcoin, Ethereum, and more
Trading Fees
The5ers strives to maintain competitive trading costs:
- Spreads: Typically tight due to ECN broker usage
- Commissions: Low commissions per trade, varying by broker
- Swaps: Overnight financing fees may apply based on trading positions
The5ers Support and Resources for Traders
The5ers is committed to providing extensive support and resources to help traders succeed. Their comprehensive support system includes multiple channels and educational materials to enhance trading skills and knowledge.
Support Channels:
- Email: Traders can reach out for assistance or inquiries.
- Live Chat: Immediate support for real-time questions and issues.
- Phone: Direct communication for more detailed support needs.
Educational Resources:
- Webinars: Regular sessions covering various trading topics and strategies.
- Articles: In-depth articles on market trends, trading techniques, and risk management.
- Mentorship Programs: Personalized guidance from experienced traders to help improve trading performance.
Community Engagement:
- The5ers encourages a strong community of traders through forums and social media groups, promoting knowledge sharing and collaboration.
This robust support infrastructure and wealth of resources underscore The5ers’ commitment to trader development and success.
The5ers User Experiences and Testimonials
The5ers, a prominent prop trading firm, enjoys an impressive Trustpilot rating of 4.9 out of 5 stars based on 4,696 reviews, highlighting its reputation as an excellent platform for traders.
Positive Feedback
Customer Support: Many users appreciate the responsive and helpful customer support team. They find the support staff knowledgeable and quick to resolve issues, enhancing their overall experience.
Trading Conditions: Traders often commend the favorable trading conditions provided by The5ers, including low spreads and a user-friendly interface. These features are crucial for traders aiming for precision and efficiency.
Educational Resources: The5ers’ commitment to trader education is another recurring theme. Users value the extensive educational resources and tools provided, which help them improve their trading strategies and skills.
Evaluation Process: The evaluation process is frequently described as fair and transparent. Many traders appreciate the structured and clear guidelines that help them understand the steps needed to secure funding.
Negative Feedback
Response Time for Account Updates: A few users have expressed dissatisfaction with the time taken to update accounts, particularly over weekends. Delays in account updates can hinder trading activities and cause frustration.
Communication on Promotions: Some traders feel that the communication regarding promotions and changes in terms could be clearer. Better communication would help in setting accurate expectations and avoiding misunderstandings.
From an expert trader’s perspective, The5ers stands out for its excellent usability. The platform’s intuitive design and comprehensive support system make it accessible to both novice and experienced traders. The educational resources are particularly beneficial, offering valuable insights and strategies to enhance trading performance. Despite minor drawbacks in response times, the overall efficiency and support provided by The5ers significantly contribute to a positive trading experience.
In conclusion, The5ers’ high Trustpilot rating and extensive positive feedback reflect its commitment to providing a robust and supportive trading environment. Its strengths in customer support, trading conditions, and educational resources make it a top choice for prop traders.
The5ers Trading Dashboard
The5ers offers a user-friendly trading dashboard designed to enhance the trading experience. The dashboard provides real-time data, intuitive navigation, and comprehensive tools to manage trades effectively. Key features include:
- Real-Time Metrics: Track performance, equity, and drawdown.
- Trade Management: Place, modify, and monitor trades easily.
- Analytics and Reports: Access detailed reports and analytics to evaluate trading strategies.
- Easy Navigation: Simple interface for seamless account management.
Expert Opinion
As an experienced trader, I view The5ers as a standout in the prop trading industry. Their diverse funding programs cater to various trading styles, offering substantial growth potential with high profit splits and regular payouts. The comprehensive support and educational resources significantly enhance trader development. While the mandatory stop-loss requirements and specific drawdown limits might challenge some, these measures ensure disciplined trading. Additionally, The5ers provides realistic profit targets and flexible trading conditions, including no minimum trading days and scalable accounts, making it an excellent choice for traders seeking growth and support in their trading careers.
In conclusion, The5ers is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between three funding programs: the Bootcamp, Hyper Growth, and High Stakes. Each program is designed to meet different trading needs and offers profit splits up to 100%, no minimum trading day requirements (except High Stakes), affordable evaluation fees, and a comprehensive support system. Considering these features, The5ers is undoubtedly one of the industry-leading prop firms, ideal for traders of various styles and experience levels.
