Find out the major disadvantages of The 5%ers Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased The 5%ers Alternatives reviews.
So which Proprietary Trading Firms are better than the5ers? Want to jump straight to the answer? FunderPro is the best alternative broker to the5ers for May 2023 .

Overview

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.

Things we didn't like:

 5%ers Challenge fee is on the higher end of the spectrum
 There are other holes in the 5%er offer

Why would you want an alternative to THE5ERS?

The 5%ers ticks some boxes – but not all of them. Traders looking for higher returns over a shorter time frame may be better choosing a rival prop firm. Both the trial account and the funded account are smaller than their rivals, and other firms such as FTMO and TopStep offer much more generous profit shares.

What to look for in a THE5ERS Alternative?

The 5%ers drop the ball with the payout ratio and the lack of extra features. If you are putting yourself under the pressure of trading with tens or hundreds of thousands worth of dollars, then the reward must be worth it. A decent split would be at least 80% if not 90% profits to the person who made those successful trades. Regarding the inbuilt educational resources, your best prop firm would be one that nurtures your growth. Look for informational guides, training resources, and even mentor schemes. Therefore even if you are not making consistent profits, you will be discovering where you went wrong and learning from your mistakes.

Flexibility is critical when it comes to scouting sites or prop firms. Do your research and find a firm that offers a long-time frame to complete the challenge, generous leverage margins for successful traders, and ample flexibility within the trading parameters. Swing traders need to be especially discerning and avoid options that ban weekend positions or certain trading styles. Compare account sizes and profit milestones; each prop firm will have slightly different requirements when it comes to the daily/weekly position loss limit.

Best THE5ERS alternatives – Proprietary Trading Firms like (or better than) THE5ERS

4.3 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
80%
4.0/5
Trading Fees
90%
4.5/5
Payout scheme
80%
4.0/5

Things we liked:

 10% Exclusive Discount Code (SBOCOUPON)
 Minimal rules & unlimited time for completion
 Two-part assessment leading to $200,000 in funding
 Scaling plan & fast-track funding opt

Things we didn't like:

 New player in the funded account offering
 An entry fee to sign up for the challenge.

#1
FunderPro Overview

Founded in Dubai in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.

3.6 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
50%
2.5/5
Trading Fees
60%
3.0/5
Payout scheme
90%
4.5/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
FTMO Overview

FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.

3.5 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
40%
2.0/5
Trading Fees
70%
3.5/5
Payout scheme
80%
4.0/5

Things we liked:

  it takes a low percentage cut on your profits

Things we didn't like:

 Not one-off payment
  Challenges perceived to be too hard or pointless

#3
Topstep Overview

Founded in 2012, Topstep has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.

the5ers Alternatives Frequently Asked Questions (FAQs):

Are there any sites like the5ers?
Yes, there are many sites offering similar services to the5ers. These include FunderPro, Toptier Trader, OspreyFX and many more. If you are looking for an alternative to the5ers,  FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Who are the5ers Top Competitors?
the5ers 's top competitors in May 2023 are: FunderPro, FTMO, Topstep and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Which is better the5ers or Topstep?
After assessing the two Proprietary Trading Firms the5ers vs Topstep on nearly 10 different variables, we would be able to get into an informed conclusion. Objectively, Topstep is more reliable based on our analysis.

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