At A Glance: | |
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Capital Access: | Offers traders up to $4 million in trading capital. |
Profit Sharing: | Ranges from 50% to 100%, which includes potential bonuses and even a monthly salary for top performers. |
Trading Instruments: | Includes Forex, indices, and precious metals. |
Educational Resources: | Comprehensive access to webinars, psychology workshops, prop trading courses, and more. |
Funding Flexibility: | Diverse funding programs like Hyper Growth, High Stakes, and Bootcamp. |
- Exceptionally high capital access, allowing traders to manage substantial funds.
- Attractive profit sharing with the possibility of additional bonuses and salaries.
- A broad range of educational resources, catering to various aspects of trading.
- Diverse funding programs to suit different trading styles and goals.
- The initial selection process can be challenging and competitive.
- Some funding programs may have strict trading rules and targets.
- The variety of programs might be overwhelming for new traders.
The 5ers Overview
The 5ers, a proprietary trading firm, offers traders the opportunity to access significant trading capital, potentially up to $4 million. Renowned for its unique funding model, The 5ers provides a platform where skilled traders can showcase their talent and benefit from generous profit-sharing schemes. Additionally, the firm supports traders with educational resources and various funding programs. This review explores in detail what The 5ers offer, including their educational tools and the steps to get started with them.
How to Start Trading with The 5ers
- Sign Up: Visit The 5ers’ website and create an account.
- Choose a Program: Select from their funding programs – Hyper Growth, High Stakes, or Bootcamp.
- Undergo the Evaluation: Depending on the chosen program, fulfill the requirements of the evaluation phase, which might involve achieving certain profit targets and adhering to risk management rules.
- Get Funded: Upon successful completion of the evaluation, access the trading capital as per the program’s specifications.
- Start Trading: Utilize the educational resources and trading capital to start trading and earning profits.
Types of Funding Programs Offered by The 5ers
The 5ers Accounts Evaluation Programs
The 5ers offers a multifaceted assessment program tailored to traders of different experience levels. Firstly, the low-risk assessment caters to cautious traders, requiring them to maintain a 6% net margin while avoiding a 4% drawdown. Conversely, for more seasoned traders, the deep risk assessment program presents substantial benefits but demands a higher net return of 8%.
Upon successfully meeting the evaluation criteria, traders become eligible for a funded account. This allows them to trade The5ers’ capital risk-free. Importantly, it includes 100% access to the funds in the account, a 50% profit share with a 10% growth target, and zero risk to their own capital. This setup provides an excellent opportunity for traders to leverage their skills without financial risk.
About The 5ers’ Financing Program
The funded account program is hosted on the Metatrader5 platform, offering traders real money and funded trading accounts for live market action. This program enables traders to generate real profits and demonstrate responsible fund management. The Capital Funding team provides the initial funds for the Level 1 process, focusing on protecting funds and accounts from potential losses.
Targets and Payouts
When traders achieve their profit targets, their account is closed and profits are automatically disbursed at the end of the subsequent month. Therefore, successful traders are then appointed as Portfolio Manager Partners and given a new Forex account with higher capital, mirroring their previous Level 1 program choice.
Payment Procedure
Profits are paid out in the next payment cycle once the target is reached. If there are open positions when the deadline expires, the account is closed immediately. Traders receive their earnings post-closure if the account balance is positive.
Account Closure Policy
Th e5ers evaluates traders thoroughly and closes Level 1 accounts that exceed the maximum stop rate. Profitable traders are compensated in the following payment cycle.
The 5ers’ Account Options
The account types at The 5ers vary in capital and risk. After completing the first level, a trader’s capital is quadrupled, and with each successive level, it doubles. The risk structures cater to different investor strategies:
- Risk Manager Program: Ideal for disciplined traders who prefer a relaxed challenge, requiring a 6% net profit gain, a 4% maximum loss limit, mandatory stop loss, and up to 6:1 leverage. The account doubles at a 10% net gain.
- Aggressive Trader Program: Suited for freestyle traders, offering high leverage up to 30:1 without mandatory stop loss. Level 1 funded accounts need a 12% net profit, and higher levels require a 25% net profit to double the account.
Growth Schedule
The three levels of funded capital accounts are available in both low-risk and aggressive programs:
- Low Risk Program: Offers different initial balances, milestone targets, maximum losses, leverage, and maximum stop loss amounts, starting from a Funded Trader LV 1 account with a $20,000 initial balance to a Funded Trader LV 6 account with a $1,280,000 balance.
- Aggressive Program: Similar structure as the low-risk program but with different milestone targets and no required maximum stop loss.
Profits and Withdrawals
Traders receive a 50% share of all profits. After the first phase, their share is transferred to a new account. Withdrawals can be requested anytime post the second phase. Payments up to $1,000 are made via PayPal, and higher amounts through bank transfer via TransferWise. One fee-free payment is allowed per month, with a minimum fee of $15 or 3% for additional withdrawals.
$100K Bootcamp – New Trading Program
The 5ers introduces a low-entry-cost challenge, where traders demonstrate their skills and pay for subsequent phases only after passing. The challenge includes three demo trading stages, with varying initial balances, loss limits, and profit targets. Successful completion of these stages leads to live trading phases, offering up to 80%/20% profit split, 1:10 leverage, and the ability to manage multiple accounts at different funded levels.
Becoming a 100k Trader
To reach this level, traders should limit risk per trade, be patient, focus on a series of trades, avoid over-trading, and monitor their thoughts and emotions.
Training and Support Plan
The5ers offers professional advice, trading insights, risk management tips, educational articles, and a community of Forex traders. The website features a comprehensive blog, free trading courses, webinars, live events, and workshops to educate and network traders globally.
Hyper Growth Program
The Hyper Growth Program is The5ers’ standout offering, designed for traders eager to dive straight into live trading with instant funding. This program is especially appealing for its straightforward approach and lucrative profit-sharing model.
- Program Structure: Traders start with 50% of their chosen account size, which ranges from $10k to $40k. The program’s flexibility is evident in its upgrade system, where traders can escalate to higher account levels by securing a 10% profit.
- Leverage and Limits: The offered leverage is up to 1:30. Traders must adhere to a 3% daily pause limit and an overall 6% stop-loss level, which protects both the trader and The5ers from excessive losses.
- Profit Sharing and Growth: The program offers a variable profit share, starting from a 50/50 split and potentially reaching up to 100% for the trader. Additionally, the account can grow up to $4M, providing opportunities to trade news and carry positions over the weekend.
High-Stakes Challenge
The High-Stakes Challenge is tailored for traders who prefer higher leverage and are confident in their ability to meet stricter profit targets. This two-step program challenges traders to clear a set of objectives before accessing funded accounts.
- Evaluation Process: In the first step, traders must achieve an 8% profit. Afterward, they progress to Step 2, which lowers the profit target to 5% but imposes stringent loss limits to test the trader’s risk management skills.
- Profit Share and Account Upgrades: Upon successful completion, traders receive a refund of their initial fee and enter a profit-sharing arrangement that favors the trader, with shares ranging from 80% to 100%. Additionally, each 10% profit milestone doubles the account size, offering exponential growth potential.
- Flexibility and Rewards: The High-Stakes Challenge is notable for its blend of high rewards and risks. It is ideal for traders who thrive under pressure and are skilled at leveraging their trades.
Bootcamp Program
The Bootcamp Program is designed as a low-cost entry point for traders to demonstrate their skills over three challenge phases. This program focuses on building consistency and discipline, essential traits for successful trading.
- Three-Phase Challenge: Starting with a $100K demo account, traders progress through three phases, each with increased account balances and profit targets. The program emphasizes steady growth and consistent performance.
- Transition to Funded Trading: Successful completion of the three phases leads to a real funded trading account. Although there’s no profit split during the challenge phases, the final funded account offers up to 100% profit share, rewarding the trader’s perseverance and skill.
- Cost and Time Flexibility: The Bootcamp Program’s costs are staggered, with an initial fee for the demo challenges and a final payment upon qualification for the funded account. Traders have unlimited time to complete the stages, though inactivity beyond 14 days leads to account expiry.
Cost and Investment Structure of The5ers Programs
Each funding program at The 5ers has a distinct cost structure, reflecting the level of access and potential rewards they offer.
- Costs for the Bootcamp Program: This program requires a modest initial fee for the demo account challenges. Upon successfully completing these, a final payment secures the trader’s spot in the fully funded program.
- High Stakes Program Fees: The fees for the High-Stakes Challenge vary based on the chosen account size, starting from the lower end for smaller accounts and increasing for larger ones. This one-time fee covers both evaluation steps.
- Hyper Growth Program Investment: The instant funding option of the Hyper Growth Program commands a higher fee, justified by the immediate access to live trading and attractive profit-sharing terms. This fee is a one-time investment, with no monthly charges.
Each of these programs is tailored to different trader profiles, from those seeking immediate live trading opportunities to those who prefer a more gradual, challenge-based approach. The5ers’ unique structure allows traders to select a program that best suits their trading style and risk tolerance, providing a platform for growth and substantial earnings in the forex market.
Trading Instruments and Platforms
The 5ers provide access to a wide range of trading instruments including Forex pairs, various global indices, and precious metals. Additionally, the firm supports trading on popular platforms like MetaTrader 4 and 5, known for their robustness and array of trading tools.
Educational Offerings and Resources
Education is a strong suit of The 5ers. They offer:
- Webinars and Workshops: Covering various trading strategies, market analysis, and trading psychology.
- Proprietary Trading Courses: Designed to enhance trading skills and knowledge.
- Personal Coaching: For individualized learning and strategy development.
Is The 5ers Legit?
The legitimacy of The 5ers as a prop trading firm is evident through various factors that boost its credibility. Firstly, The 5ers have earned a reputation as a reliable platform for traders seeking funded accounts. This reputation rests on a track record of clear operational models and transparent terms, vital in the trading community. Although they don’t heavily publicize their regulatory compliance, their adherence to standard financial practices and professional trader interactions indicate a strong commitment to industry norms.
What Do We Think About The 5ers?
In our review of The 5ers, several positive aspects stand out. The platform’s trader-centric approach is particularly noteworthy. It focuses strongly on nurturing traders’ skills and discipline, aligning well with the professional ethos of trading. This strategy benefits not only the platform but also traders aiming to develop their careers sustainably.
Greater transparency in regulatory matters and a broader range of asset classes would increase its appeal and trustworthiness. However, overall, The 5ers is a reputable and reliable prop trading firm, offering a balanced and practical platform for both novice and experienced traders seeking funded opportunities.
Our Rating: 4.5/5
Closing Remarks
The 5ers offers an attractive proposition for skilled traders seeking high capital access and beneficial profit sharing. Additionally, the firm’s dedication to trader education and development, along with its diverse funding programs, makes it an appealing choice. Nonetheless, a significant challenge remains in navigating the competitive selection process and understanding each funding program’s specific requirements.
Furthermore, with The 5ers, traders can leverage their skills to manage substantial funds, benefit from comprehensive educational resources, and potentially earn significant income. Indeed, it’s an exciting prospect for those committed to mastering the art of trading and adhering to the firm’s rigorous standards.
FAQs
1. What is the initial process to start trading with The 5ers?
- To start trading with The 5ers, you first need to sign up on their website, choose from their funding programs (Hyper Growth, High Stakes, or Bootcamp), and then complete the evaluation phase, which involves meeting certain profit targets and risk management rules.
2. What types of funding programs does The 5ers offer?
- The 5ers offer various funding programs including low-risk and deep risk assessment programs. Successful completion of these programs leads to eligibility for a funded account with benefits like 100% access to funds, a 50% profit share, and zero risk to personal capital.
3. How does The 5ers’ profit sharing and payout work?
- Once traders achieve their profit targets, their account is closed, and profits are disbursed at the end of the following month. As a result, Successful traders are then appointed as Portfolio Manager Partners and given a new Forex account with higher capital.
4. What educational resources does The 5ers provide?
- The 5ers offer a range of educational resources including webinars, workshops, proprietary trading courses, personal coaching, and a comprehensive blog. In other words, these resources cover various aspects of trading and are designed to support traders at different skill levels.