REVIEW
The 5%ers
“The5%ers: Comprehensive Review and Analysis of Trading Program”
The5%ers: Funding Traders & Growth Program | Providing Higher Capital to Full-Time Traders | Established 2016 | Registered UK Company | London Headquarters | Passionate and Dedicated Professionals
Established in 2016, The 5%ers Funding Traders & Growth Program was conceived to grant full-time traders access to a superior level of capital compared to prevailing standards. Recognized for its profound dedication to the trading profession, the organization, headquartered in London, UK, also maintains a prominent presence in Israel.
At its core, The 5%ers is driven by a steadfast mission to provide traders globally with a secure, equitable, and transparent trading infrastructure that fosters personal development and aligns with life’s objectives. The organization, employing a high-growth strategy, offers distinctive career advancement prospects to clients, aiming to elevate capital levels and attain substantial profits.
The ethos of The 5%ers revolves around empowering traders to achieve financial independence, irrespective of their background. Traders can realize substantial returns by managing account sizes of up to $4,000,000 and engaging in up to three concurrent accounts. Furthermore, depending on the selected funding program, traders can access profit-sharing arrangements ranging from 50% to 100%. This is achievable through trading various instruments, including forex pairs, commodities, and indices.
Who are them?
The5%ers, based in London, UK, is a proprietary firm offering diverse instant funding account models with varying risk profiles, spanning from low-risk to aggressive choices. These account models provide flexibility in initial funding, ranging from $5,000 to $20,000, extendable to a substantial $4,000,000. The company also presents a comprehensive two-step evaluation program for those seeking higher-stakes opportunities. Additionally, The 5%ers offers the Bootcamp challenge model, with options at $100K or $250K, potentially growing to $4,000,000. Traders utilize MetaTrader 5 for their activities, while the firm employs a third-party program as its brokerage platform.
Registered in the United Kingdom under FIVE PERCENT ONLINE LTD, the company was established on April 9, 2020, led by Gil Ben Hur. The headquarters are located at 14 Haroshet St, Raanana, Israel. As the CEO, Gil Ben Hur, a respected figure in the forex trading industry with over a decade-long career, is renowned for his expertise in order flow and price-action methodologies. In addition to his role as a trader, he serves as a trading coach and previously worked as a portfolio manager. The launch of The 5%ers in 2016 marked a significant stride in the proprietary trading firm sector, offering individual forex traders global access to substantial capital and an exceptional career growth pathway, often lauded as an outstanding scaling plan.
Funding Option
The5%ers offers its traders three different programs to choose from:
- Instant funding program accounts
- High-stake challenge
- Bootcamp program account
Instant Funding program account
The Instant Funding Program by The5%ers enables traders to bypass the evaluation phase and commence profit-making immediately. It is imperative to underscore adherence to the 3% daily pause rule and the 6% maximum loss limit for regulatory compliance. Note that fulfilling a 12-month minimum trading day prerequisite is essential for Level 1 completion. Traders can secure profit shares ranging from 50% to 100%, contingent on trading profitability, with a 1:30 leverage ratio.
This program encompasses an account scaling plan elucidated in the provided spreadsheet. To qualify for account scaling, reaching a profit target corresponding to the chosen instant funding level is sufficient. A noteworthy advantage is that withdrawals do not impede the account’s scalability. Once the account’s total profits reach the 10% profit target, it becomes eligible for scaling.
Example:
Profit target for this account type: 10%.
First 14 calendar day period: Gain 4%, withdraw 50% of profits.
Second 14 calendar day period: Gain 7%, withdraw 50% of profits.
Total profits reach 11%, qualifying for scaling due to meeting the 10% profit target.
The eligible trading instruments for the instant funding program account are forex pairs, metals, and indices.
Instant Funding Program Rules
Profit target: A predetermined percentage of profit necessary to conclude an evaluation phase, withdraw profits, or expand the account. The profit target remains fixed at 10% across all scaling levels.
Maximum loss: The upper limit of overall loss before an account is considered in violation is 6%, uniformly applied to all traders, regardless of account size.
Daily pause: A loss protection mechanism implemented at a 3% daily pause threshold, closing all open trades until the next trading day for accounts of all sizes.
Maximum trading days: The maximum duration for achieving a specific profit target or withdrawal objective is 12 months for Level 1.
Third-party copy-trading risk: Potential consequences associated with using external copy-trading services, carrying the risk of denial of a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Third-party EA risk: Risks involved in using third-party expert advisors, posing the risk of denial of a funded account or withdrawal if the maximum capital allocation rule is surpassed.
High stake Challenge
The High-Stake Challenge by The5%ers aims to identify and reward skilled traders through a two-phase evaluation period, allowing trading with a 1:100 leverage.
In Phase 1, traders must reach an 8% profit target, with daily losses not exceeding 5% and overall losses within 10%. No strict time limit is imposed, but a minimum of three profitable days is required to advance to Phase 2.
In Phase 2, a 5% profit target, daily losses at or below 5%, and overall losses within 10% must be achieved. A minimum of three profitable days is necessary to qualify for a funded account. Successful completion of Phase 2 results in a refund of the account payment.
Upon completing both phases, traders receive a funded account with a minimum withdrawal policy of $150. The account adheres to 5% maximum daily loss and 10% maximum loss regulations. Payouts occur 14 calendar days after opening initial positions, with subsequent bi-weekly payouts based on an 80% profit split, potentially increasing to 100%, along with a monthly salary if scaling criteria are met.
The High-Stake Challenge also features a scaling plan. To scale the account to the next level, traders must achieve a 10% profit target, with scaling possible once per pay period. Withdrawals do not affect the account’s ability to scale up.
Example:
Profit target for this account type: 10%.
First 14 calendar day period: Gain 4%, withdraw 80% of profits.
Second 14 calendar day period: Gain 7%, withdraw 80% of profits.
Total profits reach 11%, making the account eligible for scaling due to meeting the 10% profit target.
Eligible trading instruments for the High-Stakes Challenge: forex pairs, metals, and indices.
High-Stake Challenge Rules
Profit target: Phase 1 requires an 8% profit target, Phase 2 mandates a 5% profit target. Funded accounts enforce compliance with the minimum withdrawal policy.
Maximum daily loss: A uniform 5% maximum daily loss limit for all account sizes.
Maximum loss: A 10% maximum loss threshold for overall losses, applicable to all account sizes.
Profitable trading day: Characterized by closed positions yielding a positive profit of at least 0.5% of the initial balance.
No news trading: Prohibits trading during high-impact news releases, with a 2-minute restriction before and after the news event.
Third-party copy-trading risk: Hazards associated with using external copy-trading services, potentially resulting in denial of a funded account or withdrawal if exceeding the maximum capital allocation rule.
Third-party EA risk: Risks involved in using third-party Expert Advisors (EAs), potentially leading to denial of a funded account or withdrawal if exceeding the maximum capital allocation rule.
Bootcamp program account
The 5%ers Bootcamp program provides an accessible opportunity for traders to showcase their abilities without a significant upfront investment. Participants contribute a portion of the total fee as an entry cost, with the remainder due upon completing the demo stages.
Entering the demo stages requires choosing between two options: 95€ for the $100k account or 225€ for the $250k Bootcamp account. Traders are provided with a 1:10 leverage during the demo stages, with no requirements for a minimum number of trading days or trades. The goal for each of the three demo stages is to achieve a 6% profit, with a maximum allowable loss of 5%, to be completed within 12 months. An account expiration policy activates after 21 days of inactivity.
Traders must adhere to implementing stop-loss orders for all positions, ensuring that the risk does not exceed 2% of the initial account balance. Accounts violating this rule more than three times will be closed. Successful completion of all three demo stages qualifies traders for live trading stages.
Entering the live trading stages requires a one-time payment of 205€ for the $100k Bootcamp account or 350€ for the $250k Bootcamp account after completing the demo stages. Traders are given a 1:10 leverage ratio during live trading and can increase account size upon reaching a 5% profit target, with profit splits ranging from 50% to 100%.
The account scaling plan within the Bootcamp program requires achieving a 6% profit target in each demo stage, with a maximum loss not exceeding 5% at each level. Completion of all three demo stages grants access to the live trading stages.
The account scaling plan for the live trading stages involves achieving a 5% profit target while ensuring the maximum loss does not exceed 4% at each level. Traders receive payouts based on the profit split each time the profit target is reached, and the account is scaled.
Trading instruments for the $100k Bootcamp program account include forex pairs, gold, and silver.
Bootcamp Program Rules
Profit target: 6% required during demo stages, 5% during live trading stages to complete an evaluation phase, withdraw profits, or scale accounts.
Maximum loss: 5% during demo stages, reduced to 4% during live trading stages before an account is considered in violation.
What's makes it different from other prop firm?
The 5%ers distinguishes itself from other prominent firms in the industry through its unique trio of funding programs: Instant Funding, High-Stakes Two-Step Evaluation, and the Bootcamp Challenge. Notably, The5%ers stands out by eliminating minimum trading day requirements, granting traders the freedom to maintain positions over weekends, during overnight periods, and even amid news releases. This liberty extends to the use of indicators and Expert Advisors (EAs) in trading strategies.
In contrast to other proprietary firms, The5%ers introduces the Instant Funding program, allowing rapid access to funded accounts. For level 1 Instant Funding accounts, the profit target is 10%, with specific rules like a 3% daily pause and a maximum loss limit of 6%. Traders have a generous 12-month timeframe to meet the level 1 requirements. Furthermore, the Instant Funding program includes a scaling plan, offering traders an opportunity to grow their accounts. The absence of a mandatory minimum trading day requirement and the flexibility to progress within a 12-month trading period set The5%ers apart from other leading proprietary firms.
Conversely, The 5%ers’ High-Stakes Challenge involves a two-phase evaluation program, both of which must be successfully completed for payouts. Phase one targets an 8% profit, while phase two sets a 5% profit target, accompanied by additional regulations such as a 5% maximum daily loss limit and an overall 10% maximum loss limit. Traders must achieve at least three profitable days within each phase to be considered for funding. Similar to the Instant Funding program, the High-Stakes Challenge incorporates a scaling plan. The relatively modest profit targets distinguish The5%ers’ high-stakes evaluation program from those of other prominent proprietary firms.
The 5%ers’ Bootcamp program provides an opportunity for traders to showcase their skills at a reasonable cost. The entry fee is split into an initial cost and the remaining portion payable upon successfully completing the three demo stages. The demo stages require a 6% profit target and adherence to a 5% maximum loss limit. Traders have a maximum 12-month trading period to meet this challenge, employing stop-loss orders for all positions and ensuring risk does not exceed 2% of the initial account balance.
Upon completing the three demo stages, traders can advance to the live trading stages, aiming for a 5% profit target and maintaining a 4% maximum loss limit to facilitate account scaling.
The5%ers’ distinction lies in offering three unique funding programs without mandatory minimum trading day requirements, making it an attractive choice for consistent traders seeking long-term funding opportunities. In summary, The5%ers stands out by providing three distinct funding programs that offer flexibility and a range of trading advantages.
Is getting capital real?
When assessing proprietary trading firms aligned with your forex trading style, it is crucial to evaluate the feasibility of meeting their trading requirements. While a company may present an appealing profit-sharing percentage for well-funded accounts, unreasonable monthly gain expectations and strict maximum drawdown limits could significantly diminish your likelihood of success.
Immediate funding programs offer a practical opportunity to secure capital, allowing you to start earning from the outset. The initial stage involves a 10% profit target, effectively doubling your initial capital. Furthermore, these programs come with reasonable maximum loss rules, including a 3% daily pause and a 6% maximum loss threshold.
High-stakes challenges also provide a viable option, thanks to relatively modest profit targets (8% in phase one and 5% in phase two) and reasonable maximum loss regulations (5% maximum daily loss and 10% maximum loss). Participants enjoy an unlimited timeframe to complete both evaluation phases.
Acquiring capital through the Bootcamp funding program is another realistic option. Successful completion of three demonstration stages is required before gaining access to live trading stages. The live trading stages have achievable profit targets of 5% and impose a 4% maximum loss limit. Notably, upon completing a single live trading stage, you become eligible to withdraw your profits.
Considering these factors, The5%ers stands out as an excellent choice for securing funding, offering three distinct programs with realistic trading objectives and conditions for eligibility for payouts.
which broker they use?
The 5%ers employ a unique trading strategy involving direct interaction with a commercial Liquidity Provider, deviating from traditional broker reliance. This setup provides them with Direct Market Access, enhancing the efficiency of their trading activities. Actual trading executions within The5%ers are carried out through STP Market Execution with their chosen broker. They have integrated an ECN-Broker-Fees-Structure into their platform to streamline operations.
Under this framework, a fee of $4 per lot is applied for a complete round trip, equivalent to 0.4 pips. The EUR/USD spread ranges from 0.1 to 0.5 pips.
The5%ers offers clients the opportunity to use the widely adopted MetaTrader 5 platform for trading. They enable trading across various assets, including major forex pairs, forex crosses, as well as gold, silver, and various indices.
Education and support fro traders
The 5%ers provide an extensive array of educational materials in their Trading Resources section on their website. These resources encompass trading ideas, trading rooms, a wide range of educational videos, forex pivot points, trading courses, and valuable tips to support success in their funded trader program.
ForexFactory hosts a dedicated discussion thread focused on The5%ers, offering abundant information and a platform for discussions about the company. This thread serves as a valuable resource for gaining insights into the company through shared comments and experiences from clients.
The 5%ers maintain a comprehensive Frequently Asked Questions (FAQ) page on their website, offering valuable information for users.
Their dedicated support team is accessible through various channels, including social media platforms, or direct communication via email at help@the5ers.com. During operational hours from Sunday to Thursday, starting at 7:00 AM and concluding at 17:00 GMT, and on Fridays from 7:00 AM to 12:00 PM GMT, prompt assistance can be expected. Further clarification or inquiries can be made via telephone at +1 (929) 955 5595 or +44 (20) 8068 0793.
Trader's comment about it
The 5%ers receive outstanding reviews and positive feedback from clients.
On Trustpilot, a community of engaged individuals contributes positive feedback, resulting in an impressive overall rating of 4.8 out of 5 based on 925 reviews. The platform’s reliable support team is readily accessible to handle inquiries and offer comprehensive assistance.
Client comments highlight the professionalism and helpfulness of The5%ers’ customer support. Additionally, clients find great value in the educational resources provided to enhance their trading experience.
Social media stats
The5%ers can also be found on social media.
They have a:
- Twitter account with 3,741 followers,
- Instagram page with 17k followers,
- Facebook page with 47,600 followers,
- Youtube channel with 12,6k subscribers with 375 uploaded videos,
- Pinterest page with 4,4k followers, and
- Linkedin page with 2,433 followers.
Conclusion
In summary, The5%ers is a reputable proprietary trading firm offering three distinct funding programs: Instant Funding, the High-Stake Challenge, and the Bootcamp Challenge.
In the Instant Funding program, traders aim to reach a 10% profit target while adhering to a maximum loss rule of 6%. The 3% daily pause rule prevents excessive trading. Achieving profit targets leads to a doubling of the trader’s account balance, with opportunities to scale up to a maximum balance cap of $4,000,000. Although there are no minimum trading day requirements, traders must complete level 1 within a 12-month trading period.
The High-Stake Challenge involves a two-phase evaluation aligned with industry standards. Traders must successfully complete both phases to become funded, meeting realistic profit targets of 8% in phase one and 5% in phase two. The challenge incorporates a 5% maximum daily loss and 10% maximum loss rules. Successful traders can earn profit splits ranging from 80% to 100%, along with a potential monthly salary based on their scaling level.
The Bootcamp Funding program requires completion of three demo stages before accessing live trading stages. Traders can withdraw profits upon achieving a 5% profit target, allowing account balance growth up to $4,000,000. Notably, there are no minimum trading day requirements for the Bootcamp program.
Given The5%ers’ straightforward rules and favorable conditions, I strongly recommend this proprietary firm to individuals seeking a reliable option. With its established presence in the proprietary trading industry and the provision of excellent opportunities for traders with diverse styles, The5%ers undoubtedly stands out as a leading firm in the field.