Key Features of 5ers
- Trading platform: MetaTrader 5
- Accounts: A standard or training account with funding, the amount of which is determined by the initial deposit
- Account currency: EUR, USD, GBP, JPY, CAD, AUD, NZD, CHF
- Replenishment / Withdrawal: Bank transfer, electronic payment system
- Minimum deposit: $39
- Leverage: Up to 1:100
- Instruments: Currency pairs, precious metals, indexes, securities, cryptocurrencies
- Trading features: All trades are funded
- Fees: The 5%ers Challenge an initial $6,000 balance costs €235; $10,000 balance for €385; $20,000 balance for €745 and a Scaling plan up to $4,000,000.
- Profit split: The 5%ers will pay out 50%
- Evaluation: The 5%ers version for forex traders includes a three-stage evaluation with a demo account
- Profit Target: 6%-7% (Low Risk Mode). 12% (Aggressive Mode).
- Maximum drawdown (MDD)​​: 6% of the balance at LV1 and LV2 of the scaling plan. 4% at higher levels.
- Trading Period​​: The 5%ers Challenge duration is 365 calendar days (1 year).
- Leverage: The low risk programs offer a margin of 1:6 while with the aggressive programs, the leverage is 1:30.
- Instruments: Forex, Metals and Indices.
- Allow Trade News: Yes (except indices)
- Weekend Position: Yes
Pros of The5ers Prop Firm Â
Instant Funding Options for TradersÂ
The5ers Prop Firm offers immediate funding options to traders. Instead of having a very long evaluation phase before starting, at The5ers, traders can immediately begin trading with real capital. Therefore, this offer would mean that traders will have faster access to the funded account and reduce the waiting time involved in working with prop firms to enable one to start work on growing the accounts from day one.
Various Funding Programs to Choose From
Traders open to different funding programs while operating with The5ers. Each of them is designed and structured to suit traders’ needs of varied styles and appetites for risk. Be it conservative-low-risk or aggressive-fast growth, the options provided by The5ers via various account types allow room for flexibility.
Innovative Features: Bonuses, Refunds, and Trader Salaries
The5ers differ by the novel approach to stimulating performance and commitment through bonuses, refunds, and even trader salaries. Refund policies enable traders to get a refund of fees related to participation-performance bonuses and salaries ensure very high convincing attractiveness for continuous profitable standing.
STP Market Execution with ECN Structure: No Markups or Spreads
The5ers uses STP market execution within an ECN structure. This means that prices are not marked up, nor does it add more spreads to the trades. This produces a very transparent trading environment for the traders to get the benefits of the real market conditions and, as a result, better price and quality of execution.
Participation Fee One-Time with No Recurring Costs
One of the major advantages of The5ers is that it has a very transparent fee structure. In fact, it involves one-time participation at the time of joining any funding program and no hidden or recurring costs afterward. What this means is that traders only need to invest once, and with their costs all sorted out at the very beginning, they can focus on just scaling their funded accounts.
Overnight and Weekend Trade Holding Allowed
The5ers is flexible for traders because one can hold positions overnight and over the weekend, whether he is a swing trader or following a longer-term approach. In general, this gives more flexibility to the trader, who otherwise would have to bear the tension of closing his positions before the day ends to further have freedom to follow market trends and news events over a longer period.
Algorithmic Trading Authorized
The5ers Prop Firm supports traders using algorithmic trading strategies. Be it through the use of expert advisors or custom-built algorithms, The5ers has made possible seamless integrations into an automated trading system. This flexibility will afford traders the opportunity to utilize their algorithms in meeting performance criteria set forth from the firm and scaling of accounts.
Cons of The5ers Prop Firm Â
Conservative 1:10 and 1:30 Leverage Options
The5ers offers conservative leverage options with the 1:10 and 1:30 ratios available to traders. In return, the leverage levels have been set to ensure responsible management of risk while still allowing traders to take control over larger positions with respect to the account size. The firm takes care of long-term growth and viability rather than high-risk, high-return strategies.
Strict 2% Stop-Loss Risk Limit
This may perhaps be one of the most important rules for traders and capital protection: The5ers enforces a strict 2% stop-loss risk limit. This rule will ensure that traders never experience extremely large drawdowns, and it ensures account growth is steady. It’s one of the safety nets that keep traders within the defined boundaries of risk.
Low-Risk and $100k Bootcamp Accounts
The5ers offers low-risk account options and a $100k Bootcamp for traders looking to scale up fast. Low-risk accounts are ideal for traders who want to expose themselves minimally, while the $100k Bootcamp aids in rapid advancement through predetermined profit targets and strict adherence to rules of risk management.
Frequently Asked Questions (FAQs)Â
Who or what are the 5ers?
The 5ers are one of several new proprietary trading firms or prop firms. The basic function of a prop firm is to be on the lookout for expert traders through the allure of offering vast leverage. Some firms provide funding up to $2 million! Prudent traders who have the expert knowledge and experience but do not have immediate capital can use prop firms. The only catch is that they usually need to go through a set of evaluations or challenges before funding is granted unto them. However, the 5ers are an exception because they are the only prop firm that gives funding instantly in actual markets unto new applicants. In return, any profit the winning traders get is divided by 50% between them and the 5ers.
Who pays for the accounts?
Commercial liquidity providers provide the capital for all funded accounts, and The5ers are the legal owners of all accounts. It means that the account is not in your name; rather, you trade The5ers’ capital, and they will pay you out the profits by the profit split method you agreed with.
What broker do the 5ers use?
Like many alternative prop firms, the 5ers use the MT5 (the MetaTrader5 Platform). Designed by Metaquotes, this platform is one of the most powerful tools for forex brokers.
Do the 5ers let you trade the news?
Yes, unlike rival firm FTMO, you can trade the news with the 5%ers. You can also keep positions open overnight and throughout the weekend.
What trading platform does the 5ers use?
The 5ers exclusively uses MT5 Hedge from Metaquotes at this time.
How does the 5ers work?
By onboarding with the 5ers, you will have to choose among Hyper Growth, High Stakes, and Bootcamp accounts. Once you have cleared the evaluation phase(s), you are allocated real capital. From then onwards, the lion’s share of any profits you make accrues to you while the losses reflect on the 5ers.
What types of accounts do the 5ers offer?
In general, the 5ers offers three account types to suit any experience level of trader. The Bootcamp is for the newbies, while for more seasoned traders, it would be the Hyper Growth account and the High Stakes Challenge.
The Bootcamp will have a three-stage evaluation program, the Hyper Growth is just one stage, and the High Stakes is also a typical two-stage program.
