The5ers Review
The5ers (incorporated on the 9th of April 2020) is a proprietary trading firm and growth program that offers distinctive career advancements to forex traders around the globe. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $250,000 and receive up to 100% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
- Automated trading (Expert Advisors) - YES
- Platform for trading - MetaTrader 5
- Leverage - up to 1:100
- Participation cost - from $32
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required -Yes
- No minimum trading days (excluding high
- Unlimited trading periods
- Account growth through a scaling plan
- Profit sharing from 80% to 100%
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Expert Advisors Suitable for this Prop Firm:
The5ers Funding Programs
The5ers provides its traders with three unique funding program options: Bootcamp, Hyper Growth, High Stakes, which are quite feasible rules. Now we will describe each of these programs in more detail:
Bootcamp The5ers Funding Program
Bootscamp rules:
- Profit Target – Traders must reach a specified profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target for all three evaluation phases is set at 6%. Funded accounts do not have any designated profit targets.
- Daily Pause – This is the maximum allowable loss a trader can incur in a single trading day before triggering a daily pause. When this limit is reached, all open trades are closed, and the account is disabled until the next trading day. Only funded accounts have a daily pause, set at 3%.
- Maximum Loss – This is the overall maximum loss a trader can incur without breaching the account. All account sizes have a maximum loss limit of 5%, which is reduced to 4% once the account is funded.
- Stop-loss Required – Traders must place a stop-loss on each position before initiating a trade.
- Stop-loss Risk Per Position – Traders must define a specific percentage-based stop-loss for each position before entering a trade. The maximum stop-loss is limited to 2% per position.
Cost Bootcamp of the The5ers program:
- $100,000 - $95
- $250,000 - $225
Evaluation Phase One
In the first evaluation phase, traders must achieve a 6% profit target without exceeding the 5% maximum loss limit. There are no minimum or maximum trading day requirements. To advance to phase two, simply reach the 6% profit target while adhering to the loss limit rule.
Evaluation Phase Two
The second evaluation phase also requires traders to reach a 6% profit target without breaching the 5% maximum loss rule. Similar to phase one, there are no time constraints regarding trading days. To move on to phase three, achieve the 6% profit target within the loss limit.
Evaluation Phase Three
In the final evaluation phase, traders must once again reach a 6% profit target while staying within the 5% maximum loss limit. There are no restrictions on the number of trading days. Successfully completing this phase by hitting the 6% profit target without violating the loss limit rule leads to earning a funded account.
The Bootcamp program includes a scaling plan that allows traders to increase their account size upon reaching a 5% profit target. If you achieve this target, you can scale your account to the next available size without forfeiting your profits.
Example:
For a $100,000 funded account, the profit target is 5%.
If the total profit generated over the last two weeks is 5.5%, the account qualifies for scaling as it surpasses the 5% profit target. Consequently, the account will be temporarily disabled, and the new account balance will be increased to $125,000. Additionally, you have the option to withdraw your profits even before reaching the 5% profit target on your Bootcamp account.
High Stakes The5ers Funding Program
High Stakes rules:
- Profit Target – Traders must reach a specified profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target for all three evaluation phases is set at 6%. Funded accounts do not have any designated profit targets.
- Daily Pause – This is the maximum allowable loss a trader can incur in a single trading day before triggering a daily pause. When this limit is reached, all open trades are closed, and the account is disabled until the next trading day. Only funded accounts have a daily pause, set at 3%.
- Maximum Loss – This is the overall maximum loss a trader can incur without breaching the account. All account sizes have a maximum loss limit of 5%, which is reduced to 4% once the account is funded.
- Stop-loss Required – Traders must place a stop-loss on each position before initiating a trade.
- Stop-loss Risk Per Position – Traders must define a specific percentage-based stop-loss for each position before entering a trade. The maximum stop-loss is limited to 2% per position.
Cost High Stakes of the The5ers program:
- $5,000 - $39
- $20,000 - $165
- $60,000 - $300
- $100,000 - $495
The5ers’ High Stakes program offers traders the opportunity to manage account sizes ranging from $5,000 to $100,000. This program aims to identify skilled traders who can generate profits while managing risk effectively throughout a two-step evaluation process. The High Stakes program provides leverage of up to 1:100.
Evaluation Phase One
In the first evaluation phase, traders must achieve a profit target of 8% without exceeding a 5% maximum daily loss and a 10% overall maximum loss. There are no maximum trading day requirements for this phase, but traders must have at least three profitable trading days to advance to phase two.
Evaluation Phase Two
In the second evaluation phase, traders need to reach a profit target of 5% while adhering to the same 5% maximum daily loss and 10% overall maximum loss rules. Similar to phase one, there are no maximum trading day requirements, but a minimum of three profitable trading days is necessary to qualify for a funded account.
Funded Account
Upon completing both evaluation phases, traders receive a funded account with a minimum withdrawal amount of $150. The account must adhere to the 5% maximum daily loss and 10% overall maximum loss rules. The first payout is available 14 calendar days after placing the first trade on the funded account. Subsequent withdrawals can be requested bi-weekly. Profit splits range from 80% to 100%, depending on the profits made in the funded account.
The High Stakes program includes a scaling plan that allows traders to increase their account size upon reaching a 10% profit target. If you achieve this target, you can scale your account to the next available size without forfeiting your profits.
Example:
For a $100,000 funded account, the profit target is 10%.
- Week 1: Achieve a 4% profit.
- Week 2: Achieve a 7% profit.
With a combined profit of 11% over the two weeks, the account qualifies for scaling as it exceeds the 10% target. Consequently, the account will be temporarily disabled, and the new account balance will increase to $125,000. Note that you can also withdraw your profits before hitting the 10% target on your High Stakes account.
Hyper Growth The5ers Funding Program
Hyper Growth rules:
Profit Target - Traders must achieve a specified profit percentage to complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target is 8% for Phase 1 and 5% for Phase 2. Funded accounts have no set profit targets.
Maximum Daily Loss - The maximum daily loss represents the limit a trader can lose in a single trading day without breaching the account. This limit is set at 5% for all account sizes.
Maximum Loss - The overall maximum loss limit that a trader can incur without breaching the account is 10% for all account sizes.
Minimum Profitable Trading Days - To successfully complete an evaluation phase, traders must meet a minimum of three profitable trading days in both Phase 1 and Phase 2.
No News Trading - Trading is prohibited during high-impact news releases. This means that initiating new trades or closing existing trades on the specified instrument is not allowed within a 2-minute window before and after the announcement of certain news.
Cost "Hyper Growth" of the The5ers program:
- $5,000 - $260
- $10,000 - $450
- $20,000 - $850
The5ers’ Hyper Growth program offers traders the chance to manage account sizes ranging from $5,000 to $20,000, bypassing the evaluation phase to start earning immediately. This program provides leverage of up to 1:30.
Upon purchasing Hyper Growth, you receive a funded account with an initial profit target of 10% for stage 1. Traders must adhere to a 3% daily pause and a 6% maximum loss rule. The first payout occurs once you reach the 10% profit target, with subsequent withdrawals available on a bi-weekly basis. Profit splits range from 50% to 100%, depending on the profits made in the funded account.
Hyper Growth Scaling Plan
The Hyper Growth program also features a scaling plan. When a trader reaches a 10% profit target, they can scale up to the next account size without forfeiting any profits.
Example:
For a $40,000 funded account, the profit target is 10%.
- Week 1: Achieve a 4% profit.
- Week 2: Achieve a 7% profit.
With a combined profit of 11% over the two weeks, the account qualifies for scaling since it exceeds the 10% target. The account will be temporarily disabled, and the balance will increase to $80,000. Additionally, you have the option to withdraw your profits even before hitting the 10% target on your Hyper Growth account.
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Our opinion about The5ers Prop Firm
The5ers is a reputable and trustworthy proprietary trading firm offering traders three funding programs: Bootcamp, Hyper Growth, and High Stakes.
Bootcamp Program
The Bootcamp program is a three-step evaluation process where traders must complete three phases to become eligible for a funded account and earn profit splits ranging from 50% to 100%. Each evaluation phase requires reaching a 6% profit target while adhering to a 5% maximum loss rule. Once funded, traders must follow a 3% daily pause and a 4% maximum loss rule. There are no minimum or maximum trading day requirements, allowing traders to progress at their own pace. The Bootcamp also features a scaling plan, enabling traders to increase their initial account balance.
Hyper Growth Program
The Hyper Growth program offers direct funding, allowing traders to skip the evaluation phase and start earning profit splits of 50% to 100% immediately. Traders must achieve an initial 10% profit target for stage 1 while following a 3% daily pause and a 6% maximum loss rule. There are no minimum or maximum trading day requirements, providing flexibility for traders to trade at their preferred pace. The Hyper Growth program also includes a scaling plan for increasing the initial account balance.
High Stakes Program
The High Stakes program is a two-step evaluation process where traders must complete two phases to qualify for a funded account and earn profit splits of 80% to 100%. The first phase requires reaching an 8% profit target, and the second phase requires a 5% profit target, both with a 5% maximum daily loss and a 10% overall maximum loss rule. There are no maximum trading day requirements, but traders must have a minimum of three profitable trading days in each phase. The High Stakes program also includes a scaling plan for increasing the initial account balance.
Recommendation
I highly recommend The5ers to traders seeking a reputable proprietary trading firm with exceptional trading conditions tailored to diverse trading styles. The firm offers special features such as unlimited trading periods, no minimum trading day requirements (except for High Stakes), affordable evaluation fees (Bootcamp), direct funding without evaluation (Hyper Growth), first withdrawals after 14 calendar days (High Stakes & Bootcamp), bi-weekly withdrawals, and profit splits up to 100%. Considering all that The5ers provides, they undoubtedly stand out as one of the industry-leading prop firms.