|💰 Fees:||The FTMO Challenge with an initial capital EUR 10k balance costs €155; 25k balance for €250; 50k balance for €345; 100k balance for €540; 200k balance for €1080; Scaling plan up to $2 million.||The 5%ers Challenge an initial $6,000 balance costs €235; $10,000 balance for €385; $20,000 balance for €745 and a Scaling plan up to $4,000,000.|
|🚀 Profit split:||FTMO will pay out up to 90% profit share on a monthly basis. Periodically, the firm will allocate more balance into your FTMO Account if you consistently profit.||The 5%ers will pay out 50%|
|✔️ Evaluation:||“FTMO Challenge,” a two-step evaluation||The 5%ers version for forex traders includes a three-stage evaluation with a demo account|
|🎯 Profit Target:||10% for Step 1 and 2 in Normal Mode. 20% for Step 1 and 10% for Step 2 in Aggressive Mode.||6%-7% (Low Risk Mode). 12% (Aggressive Mode).|
|⚓ Maximum drawdown (MDD):||Normal Mode: 5% Maximum daily loss. 10% Maximum loss. Aggressive Mode: 10% Maximum daily loss. 20% Maximum loss.||6% of the balance at LV1 and LV2 of the scaling plan. 4% at higher levels.|
|⌛ Trading Period:||The FTMO Challenge has No time limits.||The 5%ers Challenge duration is 365 calendar days (1 year).|
|⚖️ Leverage:||The leverage offered is up to 1:100 (Forex) and can be lowered upon request. cannot be increased. The swing account type has leverage of 1:30 (Forex).||The low risk programs offer a margin of 1:6 while with the aggressive programs, the leverage is 1:30.|
|🔧 Instruments:||Forex, Indices, Commodities, Cryptocurrencies and Stocks.||Forex, Metals and Indices.|
|📰 Allow Trade News:||Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts).||Yes (except indices)|
|🔄 Weekend Position:||Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts).||Yes|
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Ftmo vs The5ers.
|Evaluation Metric||How they performed|
The FTMO Challenge is not a piece of cake but for a good reason. The idea behind prop firms is to headhunt expert traders. To get the most out of FTMO and begin trading with undreamed leverage, you need to be able to offer value to the company in return.
On the other hand The 5%ers Challenge is by no means the most difficult. The fact that you are instantly funded and have a whole 180 days to complete the initial challenge makes the 5%ers one of the more straightforward options. That said, the price you pay is with a meaner margin of profit shares. You may get your foot in the door quicker, but there will be less on the other side as a result!
This is a rather marmite issue. On the one hand, the in-depth reports and performance coaches offered to traders provide excellent support. However, there have been complaints of disgruntled users finding it hard to get a response from FTMO, so for this, we scored them at a 5.
On the other hand The 5%ers make up the slack when it comes to the rules of using their platform. There are no restrictions on trading style, news trading, or the holding of weekend positons. For this reason, we give them a generous mark.
The FTMO Challenge is neither free nor cheap; however, nor is it the most expensive of the prop firm challenges by a long way. Moreover, FTMO is one of the rarer scout trading sites that offers a refundable fee.
On the other hand The the 5%ers Challenge fee is on the higher end of the spectrum at $275 per attempt. That said, you access immediate funds from the first use, which does compensate the sign-up fee for those successful traders.
FTMO scores highly on this metric as their payout is generous compared to some rival prop trading sites.
On the other hand the 5%ers scores poorly on this metric as their payout is significantly lower than competitors such as TopStep and FTMO. That said, however, where the platform disappoints in the 50% share they make up for with the exponential growth option: your account balance doubles with every milestone you reach.
There’s no such thing as a perfect Proprietary Trading Firm, but some are going to be a better fit for you than others.
Objectively, Ftmo is more reliable based on our criteria above.
FTMO charges a one-time fee only
FTMO has generous conditions for its traders
5%ers Challenge fee is on the higher end of the spectrum
There are other holes in the 5%er offer
The 5%ers do a neat 50/50 profit split with successful traders. While this seems fair on paper, many of the rival prop firms offer much higher ratios. Therefore we’ve decided to view the payout scheme as the weakest point of an otherwise fairly good all-rounder.There are other holes in the 5%er offer too. The firm imposes restrictions on lot sizes [**this may no longer be true, have they removed the 0.65 lot limit?**] which doesn’t suit many trading styles.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Funded Trading Accounts based on your precise requirements here.