The5ers Review

What are The5ers?

The5%ers is a privately owned company based in London, UK that provides funding account models with options for low-risk or high-risk characteristics. Traders have the option to select from three different account sizes for fast funding: $5,000, $10,000, and $20,000. There is also the possibility to increase the account size up to $4,000,000.

Furthermore, traders are allowed to partake in the high-stakes two-step evaluation program. The company also offers a Bootcamp challenge model with two options: one with a prize of $100,000 and another with a prize of $250,000. This model has the potential to grow up to $4,000,000. Traders can utilize MetaTrader 5 with a third-party program acting as their broker.

The5%ers is a UK company that is formally registered and headquartered in London. It is owned by Five Percent Online LTD, which was founded on April 9, 2020, by Gil Ben Hur. According to the company’s official records, the headquarters is situated at 14 Haroshet St, Raanana, Israel.

The 5%ers distinguishes itself by providing exceptional professional advancement prospects, such as a hyper-growth strategy designed to increase capital levels and attain significant profits. Traders of all backgrounds and origins are encouraged to strive for financial independence. 

By effectively handling account sizes of up to $4,000,000, they have the potential to generate substantial earnings. Additionally, they have the option to register for three accounts concurrently.

Traders receive profit splits ranging from 50% to 100%, according to the selected funding scheme. This very profitable potential encompasses the trading of FX pairs, and commodities, including indices.

Gil Ben Hur (Chief Executive Officer) at The5ers

Gil Ben Hur is the founder & CEO of The5ers’ pioneering fundraising and growth program, which introduces a unique approach in the proprietary trading firm market. Having extensive experience in forex trading since 2007, he has been a committed full-time individual forex trader. He specializes in analyzing order flow and utilizing price-action approaches.

In addition to his function as a trader, Gil Ben Hur has gained a strong reputation as a trading coach and has previously worked as a portfolio manager for private investors. In 2016, he entered the proprietary trading business industry by establishing The5ers, which was a notable achievement. 

This distinctive trading platform has enabled individual forex traders worldwide, granting them the chance to participate in trading with larger capital. Furthermore, it provides an exceptional opportunity for job advancement, commonly known as an outstanding scaling strategy.

The5ers Funding Programs and Challenges: Rules and Requirements 

The5%ers provides traders with a selection of three distinct programs to select from:

• Instant funding program accounts
• High-stake challenge
• Bootcamp program account

1. Instant Funding Program Accounts

The Instant Funding Program offered by The5ers allows traders to bypass the evaluation process entirely and commence generating profits right now. It is advisable to concentrate solely on adhering to the 3% daily pause & 6% maximum loss regulations. It is important to be aware that there are no specific trading day limits for completing level 1. Anyone will receive profit splits ranging from 50% to 100% depending on the profit they generate through trading with a leverage ratio of 1:30.

Instant Funding Program Account Scaling Plan

As shown in the attached spreadsheet, the Instant Funding Program accounts offer a framework that can be expanded. To be able to increase the size of their account, all they have to do is meet the sales goal set for their current level of instant financing. 

The fact that taking dollars doesn’t stop the account from growing is another good thing to think about. The account can be scaled once the total amount of money made by all users reaches 10%.

As an example:

The designated objective for profit in this account category is established at 10%.

Within the first 14 days, anyone can experience a 4% increase in their earnings and decide to withdraw 50% of their income.

During the following 14-day period, anyone achieves a 7% increase in their earnings and once again withdraws 50% of the income.

By achieving a cumulative profit of 11%, they have not only met but also surpassed the profit target of 10%, making their account eligible for scaling up.

Instant Funding Program Account Rules

• Profit Target: Each trader is required to attain a predetermined percentage of profit before concluding an evaluation phase, initiating profit withdrawals, or expanding their account. The profit target remains consistent at 10% for all scaling levels.

• The Maximum Loss: The permissible overall loss for a trader, irrespective of the account size, is limited to 6% before the account is considered in violation.

• Daily Pause: The daily pause feature functions as a safeguard against significant losses, allowing traders to minimize their potential financial setbacks. Once the daily pause level is met, any ongoing trades are immediately terminated, and the account remains dormant until the start of the next trading day. Every account, regardless of its size, has a uniform daily pause restriction of 3%.

• Risk of Third-Party Copy Trading: Engaging in copy trading services risks replicating the precise trading technique adopted by other traders who are already utilizing the same third-party service. Exceeding the maximum capital allocation regulation increases the likelihood of a funded account or withdrawal request being refused.

• Third-Party EA Risk: Utilizing a third-party EA can potentially subject the users to the danger of adopting the exact trading technique as other users of the same EA, similar to third-party copy trading. Exceeding the maximum capital allocation regulation may lead to the rejection of a funded account or withdrawal.

2. High-stake Challenge

The main goal of The5ers high-stake challenge is to identify traders who demonstrate exceptional expertise and commitment. The traders are rewarded based on their steady performance during the two-phase evaluation process. The evaluation program account provides the users with the opportunity to participate in trading with a leverage ratio of 1:100.

During Evaluation Phase One, traders must attain an 8% profit objective while strictly following the 5% limit on daily losses and the 10% cap on overall losses. There is no specified timeframe for achieving the profit target in the phase one evaluation account, but, traders must demonstrate at least three consecutive profitable days before progressing to phase two.

During Evaluation Phase Two, traders are required to achieve a profit target of 5% while adhering to the regulations of a maximum daily loss of 5% and a maximum loss of 10%. Similar to phase one, there is no prescribed timeframe for achieving the profit objective in the phase two assessment account. 

Nevertheless, traders are required to achieve a minimum of three days with positive returns to advance to a funded account. Traders will receive a refund on their account payment if they complete the phase two review.

Upon completing both evaluation rounds, traders are granted access to a funded account, which has a minimum withdrawal policy of $150. The condition of having at least three days of profit is applicable in both evaluation stages, in addition to following the rules of not exceeding a 5% loss each day and a 10% maximum loss. The initial payout is made 14 calendar days after the initial position is placed in the funded account, followed by payouts every two weeks. 

The profit distribution is determined by an 80% allocation based on the profits created in the funded account. There is a possibility of an increase of up to 100% in the profit split, along with an additional monthly salary for individuals who meet particular scaling level requirements.

High-stake Challenge Scaling Plan

To go to the next account level, participants in the high-stakes challenge must meet a 10% profit target, a prerequisite for qualifying. This challenge also includes a scaling strategy. Traders are allowed to scale their accounts once per pay period, which allows them to increase the size of their accounts periodically. 

Another advantageous factor to consider is that withdrawals do not hinder the scalability of the account. Scaling eligibility is achieved after accumulated profits surpass the 10% profit threshold.

High-stake Challenge Rules

• Profit Target: A predetermined percentage of profit that traders must attain before concluding an evaluation phase, withdrawing earnings, or expanding their accounts. Phase 1 entails setting a profit target of 8%, whereas Phase 2 necessitates achieving a profit target of 5%. Having a funded account requires strict compliance with the minimal withdrawal policy.

• Maximum Daily Loss: It refers to the amount of money that a trader can lose in a single day before their account is considered to be in violation. Every account, regardless of its size, has a uniform maximum daily loss restriction of 5%.

• Maximum Loss: This term denotes the highest possible amount of money that a trader can lose before their account is deemed to be in breach of regulations. The maximum allowable loss for all account sizes is limited to 10%.

• Profitable trading day: It is defined as a day in which a trader earns a profit of at least 0.5% of their initial balance. Profit is calculated by comparing the Midnight Balance and Midnight Equity with the Previous Day Balance, and selecting the lower value between the two.

• Prohibition of News Trading: Traders are prohibited from initiating or terminating any deals for 2 minutes before and following the announcement of high-impact news. The purpose of this measure is to mitigate the risk of traders’ incurring unforeseen losses as a result of abrupt fluctuations in the market.

• Risk of Third-Party Copy Trading: When utilizing copy trading services, it is important to acknowledge the possibility of others adopting the same technique as they use. Exceeding the maximum capital allocation regulation can potentially result in the refusal of a funded account or withdrawal.

• Risk of Third-Party EA: Exercise caution while utilizing a third-party EA, as there is a possibility that others may be employing the same method as they adapt. Exceeding the maximum capital allocation regulation may lead to the refusal of a funded account or withdrawal.

3. Bootcamp Program Account

The Bootcamp program offered by The5ers is a cost-effective opportunity for traders to demonstrate their trading abilities. Upon entering, users are required to pay a portion of the whole sum as an initial payment, with the remaining amount to be paid upon completion of the demo stages.

The aforementioned demo stages necessitate a fee of 95€ for the $100k account or 225€ for the $250k Bootcamp account. Traders can utilize a leverage ratio of 1:10 without being subject to any minimum trading day or trade prerequisites.

The profit objective for each of the three demonstration phases is established at 6%, along with a maximum threshold for losses of 5%. There are no limitations on the maximum number of trading days during the demo phases. Nevertheless, an account will expire after 21 days of inactivity.

Compliance with stop-loss rules is obligatory for all positions, and traders must not exceed a risk threshold of 2% of their starting account value. Any account that breaches this regulation on more than three occasions will be liable to be terminated.

After completing all three demonstration levels, traders are qualified to progress to the live trading stages. This sequence enables the expansion of accounts and the potential to generate income.

Bootcamp Program Account Scaling Plan

Bootcamp Program Account Rules

• Profit Target: A predetermined proportion of profit that must be achieved before concluding an evaluation phase, withdrawing gains, or expanding the size of an account. Require a profit objective of 6% for overall demand, however obtaining a profit target of 5% is necessary during live trading stages.

• Daily Pause: A safeguard against significant financial losses. All active trades are terminated once the daily pause level is met, and the account stays inactive until the following trading day. Every account, regardless of its size, has a uniform daily pause restriction of 3%.

• Maximum Loss: The highest allowable decrease in value that can occur before the account is considered to be in violation. The setting is adjusted to 5%, whereas the live trading phase imposes a maximum loss threshold of 4%.

• Stop-loss required: Traders are obligated to establish a stop-loss for each position before initiating a transaction.

• Stop-Loss Risk Per Position: A predetermined percentage-based requirement to limit potential losses for each position before entering a transaction. Traders are required to enforce a 2% stop-loss risk for every position.

The 5ers Broker: Do They Use a Reliable Platform? 

The 5 %ers do not engage in trading with conventional broker brands. They engage in direct trading with a commercial Liquidity Provider, which grants them unrestricted access to the market. 

The trading activities of The5ers are carried out using the Straight Through Processing (STP) Market Execution method through their broker. The platform now has an ECN broker fee structure.

The commission amounts to $4 for each round trip of a lot, equivalent to 0.4 pips. The spread for EUR/USD varies between 0.1 and 0.5 pips.

Trading systems, such as MetaTrader 5, enable individuals to engage in trading activities. The 5 %ers offers educational content on their website within the Trading Resources section. Individuals get access to a wide range of resources, including trading ideas, trading rooms, educational films, forex pivot points, trading courses, and important recommendations to achieve success in their funded trader program. Users can access the site through the official platform, namely MetaTrader5.

Additionally, a discussion regarding The5ers can be found on ForexFactory. By perusing the thread, one can access a plethora of information and engage in debates about the firm. In addition, you have the option to peruse testimonials from their clientele.

The5ers Fees: How Much Do They Charge? 

Trading Commission:

The5ers Proof of Payment:

Traders affiliated with the The5ers platform have the freedom to seek withdrawals for their profit splits without any limitations on frequency, as there are no minimum or maximum thresholds in effect. The 5 %ers was established on April 9, 2020. Traders can commence the withdrawal procedure by conveniently selecting the “Profit Payout” button on their dashboard. 

The 5%ers provides a transparent display of payment reliability on its YouTube channel, catering to individuals who desire assurance & verification of such reliability. The channel showcases a multitude of movies in which traders are questioned, and concrete evidence of payments is presented. 

These films provide valuable insights into the payment process and offer firsthand perspectives and visual evidence of the withdrawal procedure. These particular films can be readily located on The5%ers’ YouTube account by anybody interested.

The 5%ers Customer Support: 

The 5 %ers acknowledge the significance of accessibility and involvement in the trading industry, and this principle is seen in its significant presence on many social media channels.

Below are the different channels where you may locate and engage with The5%ers.

Twitter Account: 

The 5 %ers have cultivated a community of 19.8K followers on Twitter. This platform functions as a dynamic environment for instantaneous updates, news, and engagements with the trading industry. Traders can acquire up-to-date information and participate in conversations with persons who share similar interests by subscribing to their Twitter profiles.

Pinterest:

The 5%ers have cultivated a community of 5.3K followers and 813 accounts that they follow on Twitter. This platform functions as dynamic updates, news, and engagement with the trading community.

YouTube:

The YouTube channel of The5%ers is renowned for its instructive and captivating content, attracting a substantial subscriber base of 22,000 individuals. This channel contains seven published videos, making it a highly beneficial resource for traders at any skill level. The YouTube channel enhances The5%ers’s offerings by providing visual instructional content and insights into the trading market.

Other FAQs and Support: 

The The5ers offer a Frequently Asked Questions (FAQ) website which has the information you are looking for.

To contact the support team, you have the option of reaching out through their social media channels or directly via email at [email protected].  

Their office hours extend from Sunday to Thursday, commencing at 7:00 and concluding at 17:00 GMT. Their office hours on Fridays are from 7:00 to 12:00 GMT.

If anyone needs further information, they may call The5ers at the following phone numbers: +1 (929) 955 5595 or +44 (20) 8068 0793.

What Makes The5ers Unique? 

The5ers is a distinctive proprietary trading organization that distinguishes itself from other companies in the sector by offering exclusive funding solutions. The options available include Instant Funding, High-Stakes Two-Step Evaluation, & the Bootcamp Challenge. 

An outstanding feature of The5ers is its lack of minimum trading day constraints, enabling traders to maintain holdings over weekends, nights, and during news releases. In addition, traders are allowed to utilize indicators and Expert Advisors (EAs).

The Instant Funding program is accessible to level 1 customers and has a profit objective established at 10%. Traders are required to strictly follow a 3% daily pause plus a 6% maximum loss regulation, and they are given a time frame of 12 months to achieve level 1. 

The Instant Funding program offered by The5ers distinguishes itself from other organizations in the industry by using a scaling plan that does not impose any limit or minimum trading day criteria.

The evaluation procedure at The5ers is a unique two-phase challenge with high stakes. To be eligible for payments, traders need to complete both phases. The initial stage necessitates achieving a profit goal of 8%, whilst the subsequent stage mandates a profit objective of 5%, in addition to adhering to a maximum daily loss limit of 5% and a maximum loss limit of 10%. 

To obtain funding, traders must successfully achieve a minimum of three consecutive days with positive financial gains in each phase. The High-Stakes Challenge includes a scaling plan, where The5ers sets profit targets that are somewhat modest compared to other leading proprietary enterprises in the industry.

The5ers Reviews: What Do Their Customers Say?

The5ers has received a rating of 4.8 out of 5 stars on Trustpilot, based on reviews from 2,053 consumers. They have obtained verification as a company on Trustpilot. The 5 %ers are thriving on this site.

#1. As per the client, Muhammad Usman Tayyab Butt, the customer care is exceptional. The cost is excellent. He recently purchased a 5k challenge. Thus far, the pricing and customer assistance have been exceptional. He appreciated the fact that, in contrast to other companies, it prioritizes creating an environment where traders can thrive in the long run, rather than solely focusing on the issues that cause traders to fail. 

The5ers seems to have a business model that is not solely reliant on generating revenue through difficulties. He is hopeful he will receive funding shortly and intends to return to assess the account once he has secured the funding.

#2. Iqbal said that he completed the two stages of evaluations. Currently engaged in trading as a trader who has received financial backing. The prop firm stands out due to its distinctive features, such as a 1:100 leverage, biweekly reward, straightforward trading rules, and fast dashboard updates. 

Two superfluous regulations prevent him from considering the account as his own: a requirement of at least three consecutive profitable days and a restriction of 4 minutes during periods of significant news events. If it rescinds these two regulations, he will award it a five-star rating.

#3. JVSEN claimed to have completed the challenge 14 days before the account’s withdrawal date. It is disheartening that we were not given the choice to either use our gains as a cushion for the following level or simply maintain the default balance at each level. It is simply lamentable. 

A duration of 14 days per account can feel too long if individuals complete the level quickly. It appears that they mistakenly authorized the withdrawal of funds from their account before realizing the error. LOL!! Depressed!!

Conclusion

The5ers is a well-regarded proprietary trading firm that offers traders three different funding programs: Instant Funding, the High-Stake Challenge, and the Bootcamp Challenge.

Traders participating in the Instant Funding program strive to achieve a profit target of 10% while strictly following a maximum loss limit of 6% and a daily pause rule of 3% to avoid excessive trading. Achieving profit targets successfully leads to a twofold increase in the trader’s account balance, allowing them to progressively increase their investments each time they accomplish a 10% profit target. 

This presents the possibility of reaching a maximum balance of $4,000,000. It is important to note that there are no specific trading day limits, either minimum or maximum, for Level 1 or any future levels once the qualification for scaling is achieved.

Traders must complete three demo stages as part of the Bootcamp Funding program before they can progress to the live trading stages. Once traders achieve a profit target of 5%, they have the option to withdraw their earnings and increase the amount of their accounts up to a maximum of $4,000,000. 

The 5ers is a reputable choice for persons looking for a prop firm with explicit and uncomplicated regulations. It accommodates a wide variety of individuals with distinct trading approaches. In terms of its extensive range of services, The5ers stands out as one of the top proprietary trading organizations in the marketplace.