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 |
|---|---|
| Challenge difficulty | 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! |
| Customer support | 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. |
| Fee | 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. |
| Payout scheme | 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.
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