The 5%ers Prop Firm: A Comprehensive Overview

Explore The 5%ers, a prop firm offering innovative programs, flexible funding, and a supportive community for traders at all levels.

When it comes to proprietary trading, The 5%ers stands out as a firm with unique offerings that cater to both new and experienced traders. This comprehensive overview will delve into what makes The 5%ers a compelling choice for traders looking to access funding, grow their accounts, and leverage the firm’s diverse programs.

What is The 5%ers?

The 5%ers Prop Firm is a proprietary trading company that specializes in Forex trading. With offices in both London and Israel, The 5%ers is not just another prop trading firm; it’s a community that offers traders a chance to scale their trading careers by providing access to significant capital and unique opportunities.

Unlike conventional retail brokers, The 5%ers offers a range of programs that cater to different trading styles and risk appetites. Whether you’re a day trader, swing trader, or someone just starting, The 5%ers has tailored its services to meet a broad spectrum of trading needs.

Key Features of The 5%ers

1. Level 1 Assessment Program

The core of The 5%ers’ offering is its Level 1 assessment program. Traders start by paying a one-time fee to participate in this program. Once enrolled, traders receive an account funded with The 5%ers’ capital. The goal is to meet specific profit milestones within this account. Upon achieving these targets, traders gain access to a fully funded account, enabling further capital growth.

2. Weekend Holding of Trades

A standout feature of The 5%ers is the flexibility it offers in holding positions over weekends. This is particularly beneficial for swing traders and those who prefer longer trading periods, as it allows them to maintain their strategies without interruption.

3. Extended Time for Challenges

The 5%ers provides traders with extended durations to complete their trading challenges. For example, low-risk accounts have up to 180 days, while more aggressive accounts offer 60 days. This generous timeframe is advantageous for traders who require more time to meet their targets.

4. Hyper Growth Program

One of the most attractive features of The 5%ers is the “Hyper Growth” program. This initiative allows traders to double their account size upon reaching certain milestones. For traders who achieve consistent success, the potential to scale up to $4,000,000 in funding is a significant draw.

5. On-Demand Payouts

Unlike many prop firms that have specific payout dates, The 5%ers allows traders to request payouts whenever they choose. This flexibility can be a game-changer for traders who need quick access to their profits.

Funding Programs

The 5%ers offers several funding programs designed to accommodate different trading styles and levels of experience:

• Hyper Growth Program: Traders can start live trading immediately with an initial fee, earning profits as soon as they hit their first target.
• High-Stakes Challenge: A high-risk, high-reward program ideal for bold traders willing to take on more significant challenges.
• Bootcamp Program: A three-phase challenge that culminates in a six-figure funded account, starting with a modest entry fee.

Program Details

Hyper Growth Program

The Hyper Growth Program is designed to offer traders the ability to grow their accounts up to $4,000,000 with no time pressure. Here’s a detailed breakdown of the program:

Account Sizes and Fees

• Account Sizes: $10,000, $20,000, $40,000
• Evaluation Funding Capital: $5,000, $10,000, $20,000
• One-Time Fee: $260 (for $10,000 account), $450 (for $20,000 account), $850 (for $40,000 account)

Evaluation Criteria

• Evaluation Target: 10% for all account sizes.
• Stop Out Level: 6% of the initial account size.
• Daily Pause: 3% of the starting equity at the beginning of the trading day.

Profit Split and Leverage

• Profit Split: Up to 100%.
• Leverage: 1:30.

Program Highlights

• Account Growth: Double the funded account size at each profit target, up to a maximum of $4,000,000.
• Payout: First payout 14 days after receiving the funded account, then every 2 weeks.
• Trading Conditions: No minimum trades or days required for completing Level 1. Holding trades over weekends and during news events is allowed, with certain restrictions.

High Stakes Program

The High Stakes Challenge offers a rigorous yet rewarding path to becoming a funded trader. The journey begins with a two-step evaluation process, where traders must prove their skills on a demo account. Successful traders will then unlock access to real capital, with the potential to scale their accounts to impressive levels.

Evaluation Phases and Account Options

Account Sizes and Fees

• Account Sizes: $5,000, $20,000, $60,000, $100,000
• Cost: $39 (for $5,000 account), $165 (for $20,000 account), $300 (for $60,000 account), $495 (for $100,000 account) (one-time fee, refundable upon passing the evaluation)

Each trader must navigate through two critical stages to prove their trading prowess:

Step 1:

• Max Trading Period: Unlimited—take your time to reach the target without the pressure of a deadline.
• Minimum Profitable Days: 3—demonstrate consistency by having at least three profitable days.
• Maximum Daily Loss: 5%—maintain discipline, as exceeding this limit will terminate the account.
• Maximum Loss: 10%—ensure that total losses do not surpass 10% of the initial account balance.
• Profit Target: 8%—reach this target to advance to the next step.

Step 2:

• Max Trading Period: Unlimited—continue trading at your own pace.
• Minimum Profitable Days: 3—consistency is key; repeat the same as in Step 1.
• Maximum Daily Loss: 5%—stick to the same risk management rules as in Step 1.
• Maximum Loss: 10%—the overall loss cap remains unchanged.
• Profit Target: 5%—a slightly lower target, but still a crucial milestone to hit.

Bootcamp Program

The Bootcamp Program is tailored for traders looking for a low-entry-cost challenge with the opportunity to scale up to a six-figure account. The fee structure is unique in that the majority of the fee is paid only upon success.

Account Sizes and Fees

• Account Sizes: $100,000, $250,000, $20,000
• Initial Fee: $95 (for Step 1 of $100,000 account)
• Remaining Fee: $205 (after passing the challenge for $100,000 account)

Bootcamp Stages

• Step 1:
  • Initial Balance: $25,000.
  • Profit Target: 6%.
  • Max Loss: 5%.
  • Leverage: 1:10.
• Step 2:
  • Initial Balance: $50,000.
  • Profit Target: 6%.
  • Max Loss: 5%.
  • Leverage: 1:10.
• Step 3:
  • Initial Balance: $75,000.
  • Profit Target: 6%.
  • Max Loss: 5%.
  • Leverage: 1:10.

Funded Trader Stage

• Account Size: Up to $100,000.
• Profit Target: 5%.
• Max Loss: 4%.
• Daily Pause: 3%.
• Profit Split: Up to 100%.
• Leverage: 1:10.

Scaling Plan

• Account Growth: Account size scales up every 5% gain.
• Profit Split:
  • Starts at 50/50 for initial stages.
  • Increases to 75/25 as account grows.
  • Reaches 80/20 at $2M.
  • Ultimately, 100/0 profit split at $4M.

Specifications for All Programs

• Trading Platform: MT5 Hedge, available on desktop, web, and mobile.
• Assets Available: FX, Metals, Indices, Crypto (with specific limitations during high-impact news).
• Holding Trades: Allowed over weekends and news (with conditions).
• Payout Frequency: Every 2 weeks, starting 14 days after funding.
• Maximum Accounts: Limits on the number of active accounts and maximum initial capital.

This detailed breakdown provides all the numbers and conditions associated with each program, helping traders choose the one that best fits their trading style and goals.

Trading Platform

The 5%ers exclusively uses the MetaTrader 5 (MT5) platform, renowned for its versatility and wide availability across different operating systems, including Windows, MAC, and Linux. MT5 also offers a browser extension, making it accessible without the need for a dedicated application.

Trading Instruments

Traders with The 5%ers have access to over 3,000 financial instruments, allowing for diversified trading strategies. The firm primarily focuses on Forex pairs but also offers other securities, providing ample opportunities for traders to expand their portfolios.

Trading Leverage

The 5%ers provides a leverage ratio of 1:30, which is sufficient for amplifying positions while encouraging responsible risk management. This leverage is designed to help traders maximize their potential without overexposing themselves to unnecessary risks.

Advantages of Joining The 5%ers

Joining The 5%ers comes with several notable advantages:

• Profit-Sharing Range: The firm offers a flexible profit-sharing range from 50% to 100%, with the possibility of earning bonuses and regular salary depending on performance.
• No Minimum Deposit: Traders are not required to make a minimum deposit, reducing the initial financial commitment.
• No Hidden Fees: The fee structure at The 5%ers is transparent, with no extra charges or hidden costs.
• Varied Programs: The 5%ers offers diverse programs, including educational initiatives that allow traders to start with a demo account before progressing to live trading.

Customer Support

The 5%ers offers multiple channels for customer support, ensuring traders can get help whenever they need it. Support options include:

• Phone Support: Available for U.S. customers, with specific hours to accommodate different time zones.
• Email Support: Traders can reach out via email for less urgent queries.
• Live Chat: A 24/7 live chat feature provides instant assistance at any time of day.

Conclusion

The 5%ers Prop Firm is a compelling option for traders seeking a combination of flexibility, extensive resources, and the potential for significant account growth. Its unique features, such as the Hyper Growth program and on-demand payouts, set it apart from other proprietary trading firms. Whether you’re a seasoned trader or just starting, The 5%ers offers a pathway to grow your trading career with substantial capital backing.