The 5%ers Prop Trading Firm - Funded Account challenge
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3.9 / 5

Rating breakdown

Challenge Assessment
70%
3.5/5
Support
70%
3.5/5
Trading Fees
90%
4.5/5
Payout Scheme
80%
4.0/5

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Is The5ers a scam or legit? Is The5ers considered a trustworthy and safe company? Yes The5ers is a safe and secure Proprietary Trading Firm. However, No Proprietary Trading Firm is perfect, and The5ers is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to The5ers. So which Firms are better than The5ers? Want to jump straight to the answer?

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The5ers Trading Features

The5ers Trading Features. This summary is updated; however, rules frequently change. Always confirm rules with your prop firm.
Trading Feature Value
💰 Fees:  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:  The 5%ers will pay out 50%
✔️ Evaluation:  The 5%ers version for forex traders includes a three-stage evaluation with a demo account
🎯 Profit Target:  6%-7% (Low Risk Mode). 12% (Aggressive Mode).
⚓ Maximum drawdown (MDD)​​:  6% of the balance at LV1 and LV2 of the scaling plan. 4% at higher levels.
⌛ Trading Period​​:  The 5%ers Challenge duration is 365 calendar days (1 year).
⚖️ Leverage:  The low risk programs offer a margin of 1:6 while with the aggressive programs, the leverage is 1:30.
🔧 Instruments:  Forex, Metals and Indices.
📰 Allow Trade News:  Yes (except indices)
🔄 Weekend Position:  Yes
Read to find out about The 5%ers Forex Prop Trading Firm, what is The 5%ers Funded Account, How to Pass The 5%ers Challenge, and Much More

the5ers Review and Analysis

Overview

The 5%ers Proprietary Trading Firm

If you haven’t yet heard of proprietary trading firms, then pull up your trading socks and get ready. These innovative platforms put traders to the test through an in-house “challenge.” The successful few can then join the firm and begin trading with leverage of up to $2 million. The profits are shared between trader and firm, while the latter assumes all losses. Not a bad deal! That said, the challenge comes at a cost (a one-off fee), and each firm differs in the deals they cut and the platforms they offer.

The 5%ers is a prop trading firm founded by Gil Ben Hur and Snir Chiel. Both former forex day traders, Gil and Snier, experienced first-hand the frustrations that lack of capital bring to experienced traders ready to play the markets. Hence, the 5%ers Funding Program was born: a platform to reward worthy traders with significant capital, with profits shared in a win-win outcome.

The story of the 5%ers is rooted in real-life experiences by former and current forex traders. The team aspires to provide a fair framework to launch full-time traders into the markets with instant capital. The 5%ers breaks their program down into two stages: the first has greater oversight and risk management requirements. Traders who pass the first challenge can begin trading with greater leverage and less management. Significantly (where the 5%ers stand apart), both levels are funded with real money.

Funded Accounts

What are funded accounts?The 5%ers Funded Account

Funded accounts are just this: platforms that deposit their own money into traders’ accounts, essentially “funding” their trading. In return, traders share any potential profits (percentage ratios differ across the board).

Also known as “scouting firms,” prop firms like the 5%ers are not confused with traditional proprietary firms or depositary prop firms (aka broker-dealers). The latter two platforms operate on a more formal employer/employee basis with their traders. In the case of traditional prop firms, traders may work in-situ and receive a base salary in return for their hours. Broker-dealers charge traders for training and access to the markets and do not take responsibility for losses. In return for the risk, however, the traders receive high payouts.

The 5%ers are an innovative prop firm in the line of competitors like FTMO and TopStep Forex. These firms are increasing in popularity among traders, who can access millions in leverage in return for a relatively small sign-up fee. The catch is the challenge – only a lucky few will get through and have the opportunity of trading with such high margins.

Most trading prop firms work on a two-step basis. The first stage is the challenge of a demo account with virtual money. If you pass the test, you can begin trading with real money – and real profits.

The 5%ers stand apart from their competitors for one primary reason: you begin trading with real money immediately. There is no trial process or demo account – the 5%ers cut straight to the chase with instant funding. Traders start using live accounts, and the profits earned during the initial period are forwarded to your following account for those applicants who make it to the second stage. Now we understand the primary offering of the 5%ers, let’s delve into the nitty-gritty and assess the pros and cons of this prop firm.

Challenge Overview

The 5%ers Challenge reviewHow to Pass the The 5%ers Challenge

The 5%ers have a reasonably loose rein when it comes to their challenge. Traders have a whole six months to complete the low-risk challenge (and even then, there is leeway for extensions). HyperGrowth is a scaling feature of the challenge whereby your account balance is doubled for every goal you achieve!

Pros and Cons

Let’s talk about the good stuff…

    As we’ve seen, FTMO puts a generous package down on the table. Traders are offered instant funding in live markets. There is a catch (there’s always a catch!), but we’ll cover the downsides below. First off, here is what to love about the 5%ers:
  • Funding: The 5%ers let you trade live from the get-go, and your first profit is money in the pocket. They are likely to make their money back with the sign-up fee. The 5%er one-time participation fee will set you back €235.
  • Low risk: There are several account options on the 5%er platform. First-time users will be limited to low-risk funding. This comes with lower leverage, and traders have 180 days to pass this challenge.
  • Leverage: With the higher risk account, the 5%ers will let you trade with leverage of up to 1:30 (versus 1:6 above). There is also more significant pressure to hit higher profit targets with the increased leverage. The high-risk account requires a 25% return to roll forward to the next level.
  • Challenge: The 5%ers have a reasonably loose rein when it comes to their challenge. Traders have a whole six months to complete the low-risk challenge (and even then, there is leeway for extensions). HyperGrowth is a scaling feature of the challenge whereby your account balance is doubled for every goal you achieve!
  • Trading: Again, the 5%ers have laid a generous offering on the table. Unlike many prop firms, traders can hold their positions over the weekend, and there are no drawdown limits. Any trading has the green light, and there is no restriction on news trading.
...and the bad

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.

Evaluation Metrics

Overall metrics

    To truly evaluate what the 5%ers bring to the trading table, we scored each aspect of the 5%ers Challenge individually.
  • Challenge difficulty: 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!
  • Flexibility: 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 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: 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.

Meet the CEO

Meet The5ers.com CEO - Gil Ben Hur

Gil Ben Hur is the founder and CEO of The5ers.com Funding Traders & Growth Program which is an innovative transformation for the classic proprietary trading fund model. He has been a full-time individual Forex trader since 2007, specializing in Orderflow and Price-Action methodologies. Mr. Ben Hur is also a trading coach and a former private investors portfolio manager. In 2016, he launched The5ers.com, a unique trading-career-platform that caters worldwide forex traders, by providing significant trading capital and a fast-paced trading career growth.

Frequently Asked Questions (FAQs):

What are the 5%ers?
The 5%ers are one of several new proprietary trading firms or “prop firms.” Prop firms basically scout for expert traders through the allure of offering vast leverage. Some firms provide funding up to $2 million! Savvy traders who have the expert knowledge and experience but lack immediate capital can use prop firms. The only catch is that they must generally pass a series of tests or challenges before receiving funding. However, the 5%ers are the exception to this rule, being the only prop firm that offers instant funding in real markets to new applicants. In return, any profits made by the winning traders are shared in a 50% divide with the 5%ers.
Who is the CEO of The5ers.com
Gil Ben Hur is the founder and CEO of The5ers.com Funding Traders & Growth Program. Mr. Ben Hur is also a trading coach and a former private investors portfolio manager.
What broker do the 5%ers use?
Like many alternative prop firms, the 5%ers use the MT5 (the MetaTrader5 Platform). Designed by Metaquotes, this platform is one of the most powerful tools for forex brokers.
Do the 5%ers let you trade the news?
Yes, unlike rival firm FTMO, you can trade the news with the 5%ers. You can also keep positions open overnight and throughout the weekend.
How trusted is The5ers?
The trusted source of information on fintech matters SBO, gave The5ers a 3.88/ 5.00 rating based on analysing 20+ criteria and testing. The5ers is currently in 5th place in this ranking. FunderPro is currently rank as the number one.
What is the The5ers fee?
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.
What is the profit split for The5ers?
The 5%ers will pay out 50%
What is The5ers evaluation process?
The 5%ers version for forex traders includes a three-stage evaluation with a demo account
How do I become an The5ers Trader?
6%-7% (Low Risk Mode). 12% (Aggressive Mode).
What is an acceptable max drawdown for The5ers?
6% of the balance at LV1 and LV2 of the scaling plan. 4% at higher levels. Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is The5ers Trading Duration / Time restriction?
The 5%ers Challenge duration is 365 calendar days (1 year).
What is The5ers leverage?
The low risk programs offer a margin of 1:6 while with the aggressive programs, the leverage is 1:30.
What financial instruments can be traded at The5ers?
Forex, Metals and Indices.
Can I trade news at The5ers?
Yes (except indices)
Can I hold trades overnight or over the weekend?
Yes

THE5ERS Social proof

THE5ERS Social proof is the reviews, testimonials, and social shares that customers provide about THE5ERS that help lead others to make any purchase decisions. Last Updated Date: 22/05/2023
Channel The5ers Social proof
Instagram Account with 19.5k followers
Facebook Account with 47k followers
Twitter Account with 6.3k followers
Youtube Account with 15.3k subscribers and 457 uploaded videos
Telegram Does not have a Telegram channel
Discord Does not have a Discord channel

Traders comments and Reviews about THE5ERS

Sites like Trustpilot provide excellent third-party social proof. Please be aware that there is no guarantee whether or not fake reviews are or are not present. These can lead to bias and compromise the reliability of reviews.
TrustPilot The5ers TrustPilot Customer Reviews, Feedback and Complaints
Trustpilot On Trustpilot, The5ers has currently 987 number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.80/5.00. Reviewers embracing The5ers most frequently mention Most realistic and comparable requirements/rules, and Excellent customer service, and They are Precise in communications and punctual in payments. The5ers also has a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

The5ers firm's reply behavior to negative reviews is up to the standard having replied to 82% negative reviews with a response time to their negative reviews in less than 2 days.

The5ers  Read TrustPilot Customer Reviews, Feedback and Complaints

Real Benefits according to the Positive Users' Reviews

  • Most realistic and comparable requirements/rules.
  • Excellent customer service.
  • They are Precise in communications and punctual in payments.

Main Complains according to the Users' Reviews

  • Small amount of instuments.
By going through 2 levels, you will be able to get a good funded account. Keep in mind that you can use any advisor you have on your trading account, as long as the advisor sets an SL order in each position and does not use the martingale trading method.

TrustPilot Reviews' Key takeaway

Are you Satisfied with what They Offer?