“The5%ers: Comprehensive Review and Analysis of Trading Program”

The 5%ers offers distinctive career development opportunities to its clientele, encompassing a hyper-growth strategy aimed at augmenting capital levels and attaining substantial profits. Their ethos revolves around empowering traders to achieve financial independence, regardless of their background or origin. Through managing account sizes of up to $4,000,000 and participating in up to three concurrent accounts, traders have the potential to generate significant returns. Furthermore, based on the chosen funding program, traders can avail themselves of profit splits ranging from 50% to 100%. This can be accomplished through trading various instruments such as forex pairs, commodities, and indices.

Instant funding program accounts:

The Instant Funding Program offers accounts with a scaling plan, as depicted in the provided spreadsheet. To qualify for scaling your account, the sole requirement is to achieve a profit target corresponding to your designated instant funding level. An additional advantage to note is that withdrawals do not impede the account’s ability to scale up. Once the total profits of your account reach the 10% profit target, it becomes eligible for scaling.

Example:

The profit target for this account type is 10%.

First 14 calendar day period: You gain 4% and withdraw 50% of your profits.

Second 14 calendar day period: You gain 7% and withdraw 50% of your profits.

Your total profits have reached 11%, which makes you eligible for a scale-up since you have reached the 10% profit target.

Trading instruments for the two-step Stellar challenge model accounts are forex pairs, commodities, and indices.

Instant funding program account rules:

• • The profit target represents a predetermined percentage of profit that traders must achieve before they can successfully conclude an evaluation phase, withdraw profits, or expand the scope of their account. Across all scaling levels, the profit target remains fixed at 10%.
  • The maximum loss denotes the upper limit of overall loss that traders can incur before their account is deemed in violation. Regardless of account size, all traders are subject to a uniform maximum loss threshold of 6%.
  • The concept of daily pause serves as a loss protection mechanism designed to safeguard traders from significant losses. When the daily pause level is triggered, all open trades are automatically closed, and the account remains inactive until the commencement of the next trading day. For all account sizes, a daily pause threshold of 3% is implemented.
  • Maximum trading days signify the maximum duration within which traders must achieve a specific profit target or withdrawal objective. The maximum trading period for level 1 stands at 12 months.
  • Third-party copy-trading risk refers to the potential consequences associated with utilizing copy-trading services provided by external entities. It is important to recognize that by engaging in third-party copy trading, there is a possibility of adopting the exact trading strategies used by other traders who employ the same service. Consequently, utilizing third-party copy trading services carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded
  • Third-party EA risk pertains to the potential risks involved in using third-party expert advisors (EAs). It is essential to acknowledge that by utilizing a third-party EA, there is a chance that other traders may already be utilizing the same trading strategy. As a result, employing a third-party EA carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.

High-stake challenge:

The5%ers high-stake challenge aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Evaluation Phase 1 necessitates traders to achieve an 8% profit target while adhering to the maximum daily loss and maximum loss restrictions of 5% and 10% respectively. The timeframe for achieving the profit target in the Phase 1 evaluation account is unrestricted. However, a minimum of three profitable days is required to advance to Phase 2.

In Evaluation Phase 2, traders are required to attain a profit target of 5% while observing the 5% maximum daily loss and 10% maximum loss guidelines. Similar to Phase 1, there is no specific time limit for reaching the profit target in the Phase 2 evaluation account. However, a minimum of three profitable days is essential to qualify for a funded account. It’s worth noting that upon successful completion of the Phase 2 evaluation, traders will be refunded their account payment.

Successful completion of both evaluation phases grants traders a funded account, wherein the minimum withdrawal policy of $150 should be considered. The minimum of three profitable days rule from the evaluation stages remains applicable. Moreover, traders must adhere to the 5% maximum daily loss and 10% maximum loss regulations. The first payout is scheduled 14 calendar days after the initial position is taken in the funded account. Subsequent payouts will be issued bi-weekly thereafter. Traders receive an 80% profit split based on their performance in the funded account, which can potentially be increased up to 100% along with an additional monthly salary if they meet specific scaling criteria.

The high-stake challenge also offers a scaling plan. To be eligible for scaling the account to the next level, traders must achieve a 10% profit target. Scaling can be performed once per pay period, and withdrawals do not affect the account’s ability to scale up. Account scaling eligibility is contingent upon reaching the 10% profit target in total profits.

Example:

The profit target for this account type is 10%.

First 14 calendar day period: You gain 4% and withdraw 80% of your profits.

Second 14 calendar day period: You gain 7% and withdraw 80% of your profits.

Your total profits have reached 11%, which makes you eligible for a scale-up since you have reached the 10% profit target.

Note that the account balance and profit split will be increased according to the table below.

Trading instruments for the high-stakes challenge are forex pairs, metals, and indices.

High-stake challenge rules

• • The profit target denotes a specific percentage of profit that traders must achieve to successfully complete an evaluation phase, withdraw profits, or expand their trading account. Phase 1 necessitates an 8% profit target, while Phase 2 requires a 5% profit target. It should be noted that funded accounts enforce compliance with the minimum withdrawal policy.
  • The maximum daily loss signifies the uppermost allowable loss that traders can incur within a single day before their account is deemed to be in violation. Across all account sizes, there is a uniform maximum daily loss limit of 5%. Similarly, the maximum loss denotes the highest permissible overall loss that traders can experience before their account is considered in violation. For all account sizes, the maximum loss threshold is set at 10%.
  • A profitable trading day is characterized by closed positions that yield a positive profit of at least 0.5% of the initial balance. The positive profit is calculated as the minimum value between the midnight balance and midnight equity, subtracted from the previous day’s balance.
  • The policy of no news trading dictates that traders are prohibited from engaging in trades during periods of high-impact news releases. Specifically, opening and closing trades are restricted for 2 minutes before and after the news event.
  • Third-party copy-trading risk refers to the potential hazards associated with utilizing copy-trading services offered by external parties. Traders should be aware that such services may already have other traders employing the same trading strategy. Consequently, the use of third-party copy trading services may result in the denial of a funded account or withdrawal if it surpasses the maximum capital allocation rule
  • Third-party EA risk pertains to the potential risks involved in utilizing third-party Expert Advisors (EAs). Traders should be mindful that such EAs may already be utilized by other traders, thereby employing the same trading strategy. Consequently, the use of third-party EAs may lead to the denial of a funded account or withdrawal if it exceeds the maximum capital allocation rule 

Bootcamp program account

The 5%ers Bootcamp program account is a low-entry cost challenge where every trader can prove their trading skills. You pay part of the entire fee as an entry cost, while you pay the rest when you finish your demo stages.

The entry cost for the demo stages mentioned above is 95€ for the $100k account or 225€ for the $250k Bootcamp account. During the demo stages, traders are granted leverage of 1:10, and there are no minimum trading days or trade obligations. The profit target for each of the three demo stages is set at 6%, while the maximum loss limit is 5%. It is important to note that the demo stages have a maximum trading duration of 12 months for successful completion. However, an account expiration period is also in effect, which triggers after 21 days of inactivity.
Furthermore, it is mandatory to adhere to the requirement of implementing stop-loss orders for all positions, while ensuring that the risk does not exceed 2% of the initial account balance. Accounts that violate this rule more than three times will be terminated. Upon successful completion of all three demo stages, traders become eligible to participate in live trading stages, scale their accounts, and generate profits.

The live trading stages necessitate a single payment of 205€ for the $100k Bootcamp account or 350€ for the $250k Bootcamp account after successfully completing the three demo account stages. During these live trading stages, traders are granted a leverage ratio of 1:10 and become eligible for account growth upon reaching a profit target of 5%. The specific profit split awarded to traders varies depending on their respective live trading stages, ranging from 50% to 100%.

For a comprehensive understanding of the regulations and guidelines governing the $100k Bootcamp program account, you may refer to the account specifications.
For a comprehensive understanding of the regulations and guidelines governing the $100k Bootcamp program account, you may refer to the account specifications.

The account scaling plan within the boot camp program necessitates achieving a profit target of 6% in each of the demo stages while ensuring that the maximum loss does not exceed 5% at each level. Successful completion of all three demo stages grants access to the live trading stages.

The account scaling plan for the Bootcamp program’s live trading stages entails achieving a profit target of 5% while ensuring that the maximum loss does not exceed 4% in each level. Upon reaching the profit target, traders become eligible to scale their accounts. Furthermore, each time the profit target is achieved and the account is scaled, the trader will receive a payout based on the profit split.

The trading instruments available for the $100k Bootcamp program account include forex pairs, gold, and silver.

Here are the rules for the Bootcamp program account:

• Profit target: Traders must strive to achieve a specific percentage of profit before they can complete the evaluation phase, withdraw profits, or scale their accounts. During the demo stages, a profit target of 6% is required, while the live trading stages mandate a profit target of 5%.
• Maximum loss: Traders must ensure that their overall loss does not exceed a specified limit before the account is considered in violation. In the demo stages, the maximum loss allowed is 5%, while in the live trading stage, it is reduced to 4%
• Maximum trading days: This refers to the maximum duration within which traders must achieve a specific profit target or withdrawal target. In the three demo stages, the maximum trading period is set at 12 months.
• Stop-loss required: Traders are obligated to set a stop-loss on every position before initiating a trade.
• Stop-loss risk per position: Traders must establish a stop-loss based on a specific percentage for each position before entering a trade. A stop-loss risk of 2% is mandatory for every position

What makes The 5%ers different from other prop firms?

The 5%ers distinguishes itself from other prominent firms in the industry through its unique offering of three distinct funding programs: Instant Funding, High-Stakes Two-Step Evaluation, and the Bootcamp Challenge. Furthermore, The5%ers sets itself apart by not imposing any minimum trading day requirements, allowing traders to hold positions over weekends, overnight, and during news releases, while also granting them the freedom to utilize indicators and Expert Advisors (EAs) in their trading strategies.

In comparison to other proprietary firms, The5%ers provides the Instant Funding program, which enables traders to swiftly access funded accounts. For level 1 of the Instant Funding accounts, the profit target is set at 10%, accompanied by rules such as a 3% daily pause and a maximum loss limit of 6%. It is noteworthy that traders are allotted a 12-month timeframe to accomplish level 1 requirements. Moreover, the Instant Funding program incorporates a scaling plan, providing traders with the opportunity to expand their accounts. The absence of a minimum trading day requirement and the flexibility to progress at a comfortable pace within a maximum trading period of 12 months distinguish The5%ers from other leading proprietary firms.

On the other hand, The 5 %ers’ High-Stakes Challenge comprises a two-phase evaluation program that necessitates traders to successfully complete both phases to become eligible for payouts. Phase one entails achieving an 8% profit target, while phase two sets a profit target of 5%. The program imposes additional regulations, including a maximum daily loss limit of 5% and a maximum overall loss limit of 10%. Traders are also required to generate a minimum of three profitable days within each phase before being considered for funding. Similar to the Instant Funding program, the High-Stakes Challenge incorporates a scaling plan. The relatively modest profit targets set by The5%ers in comparison to other prominent proprietary firms serve as a distinguishing characteristic of their high-stakes evaluation program.

The 5%ers Bootcamp program account presents an opportunity for traders to showcase their trading expertise at an accessible cost. The entry fee is divided into two parts: an initial entry cost and the remaining portion payable upon successful completion of the three demo stages. The demo stages require achieving a profit target of 6% while adhering to a maximum loss limitation of 5%. Traders are allotted a maximum trading period of 12 months to fulfill the challenge, during which they must utilize stop-loss orders for all positions and ensure that the risk does not exceed 2% of the initial account balance.

Upon successfully passing the three demo stages, traders can advance to the live trading stages, enabling them to earn profit splits and expand their accounts. To initiate the live trading stages, the outstanding one-time fee must be settled. The primary objective of the live trading stages is to attain a profit target of 5%, facilitating account scaling while maintaining a maximum loss limitation of 4%.

What sets The5%ers apart from other leading proprietary firms is its distinctiveness, offering three distinct funding programs. Notably, there is no requirement for a minimum number of trading days. Traders are also permitted to hold trades over weekends and overnight, engage in trading during news releases, and utilize indicators and Expert Advisors (EAs). The unique features of this program make it an excellent choice for consistent traders seeking a long-term funding opportunity.

In conclusion, The5%ers distinguishes itself in the industry by providing three distinct funding programs that offer flexibility and various trading advantages..

Is getting The 5%ers capital realistic?

When assessing proprietary trading firms that align with your forex trading style, it is crucial to evaluate the attainability of their trading requirements. For instance, while a company may offer an enticing profit split percentage on a well-capitalized account, if they expect unrealistically high monthly gains coupled with stringent maximum drawdown limitations, your chances of achieving success would be exceedingly low.

Obtaining capital through instant funding programs presents a realistic opportunity, as these direct funding initiatives allow you to commence earning right from the outset. The initial level of such programs entails a profit target of 10%, effectively doubling your capital. Furthermore, the maximum loss rules associated with these programs are also reasonable, as traders are subject to a 3% daily pause and adhere to a 6% maximum loss threshold.

Acquiring capital through high-stake challenges is also viable, mainly due to the relatively modest profit targets (8% in phase one and 5% in phase two) and the inclusion of average maximum loss regulations (5% maximum daily loss and 10% maximum loss). Additionally, participants are granted an unlimited timeframe within which to complete both evaluation phases.

Securing capital through the Bootcamp funding program is a realistic option, given that you must successfully complete three demonstration stages before gaining access to live trading stages. The live trading stages encompass achievable profit targets of 5% and impose a 4% maximum loss limit. Notably, each time you complete a single live trading stage, you are eligible to withdraw your profits.

Having considered these factors, The5%ers emerges as an excellent choice for obtaining funding, as they offer three distinct funding programs with realistic trading objectives and conditions for payout eligibility.

Payment proof

Regarding payment proof, The5%ers was incorporated on April 9th, 2020. Traders can request withdrawals of their profit splits at any time and with no minimum or maximum thresholds. This can be done by clicking the “Profit Payout” button on their traders’ dashboard.

You can also find reliable payment proof on their youtube channel in some of the videos where they interview their traders in. For example, you can watch and hear about payments in the following two videos.

Which brokers do The 5%ers use?

The 5 %ers employ a distinct trading approach by engaging directly with a commercial Liquidity Provider, thereby bypassing conventional broker brands. This arrangement grants them Direct Market Access, facilitating their trading activities. The execution of trades within The5%ers is facilitated through STP Market Execution via their chosen broker. They have implemented an ECN-Broker-Fees-Structure into their platform to optimize operations.

Within this structure, a commission of $4 is charged per lot for a complete round trip, equivalent to 0.4 pips. The spread for EUR/USD varies within the range of 0.1 to 0.5 pips.

In terms of trading platforms, The5%ers offers the opportunity to trade on the widely used MetaTrader 5 platform.

Trading instruments: 

The 5%ers allows its clients to trade all forex majors, forex majors crossings, gold & silver, and indices.

Trading fees

Education and support for traders

The 5 %ers offers a comprehensive range of educational resources on their website within the Trading Resources section. These resources encompass trading ideas, trading rooms, a wide array of educational videos, forex pivot points, trading courses, and indispensable tips aimed at facilitating success within their funded trader program.

Furthermore, ForexFactory hosts a dedicated thread regarding The5%ers, where abundant information and discussions about the firm can be found. This thread serves as a valuable resource for gaining insights into the company itself, along with the opportunity to read comments and experiences shared by their clients.

The 5%ers provides a comprehensive Frequently Asked Questions (FAQ) page on their website, which serves as a valuable resource for accessing the information you may be seeking.

In addition, their dedicated support team can be reached through various channels, including their social media platforms, or by direct communication via email at help@the5ers.com.

For inquiries during their operational hours, which are scheduled 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, you can expect prompt assistance.

Should you require further clarification or have any additional inquiries, The5%ers can also be contacted via telephone at the following numbers: +1 (929) 955 5595 or +44 (20) 8068 0793.