The5%ers is a standout name among prop trading firms, providing opportunities for traders to access significant capital without risking their own funds. This firm is known for its trader-friendly conditions, versatile funding models, and supportive community.
But what exactly does The5%ers offer, and is it the right choice for your trading journey?
This article takes a detailed look at The5%ers, covering their funding programs, rules, unique features, and how they measure up to other prop firms in the industry. Let’s dive in!
What Is The5%ers?
The5%ers is a global prop trading firm established to provide capital to forex traders who demonstrate strong trading skills.
Their mission is to nurture talent by offering a range of resources and opportunities to help traders grow.
The firm’s unique model has made it popular with traders who seek a steady, scalable trading career.
Why The5%ers?
The5%ers sets itself apart by offering some of the most flexible trading conditions in the prop firm industry.
They provide competitive profit splits, straightforward risk management, and instant funding options, making it an attractive choice for traders at all levels.
Key Features of The5%ers
To help you understand what makes The5%ers unique, let's explore its main features.
- Flexible Risk Parameters: The firm has manageable drawdown limits and customizable leverage, which benefits different trading styles.
- Multiple Trading Programs: From low-risk to high-risk funding options, there’s something for every type of trader.
- Growth Plan: Traders who perform well can progressively scale up their accounts.
Funding Programs
The5%ers offer a range of funding options tailored to traders at all levels, from beginners to experienced professionals. Here’s a breakdown of the three programs available:
- Hyper Growth Program: For an entry fee of $260, traders can immediately start live trading and begin earning profits after reaching their initial target.
- High-Stakes Challenge: Designed for those seeking high risk and high reward, this program starts at just $39, appealing to traders ready for a bolder approach.
- Bootcamp Program: Aimed at those looking to progress through a structured path, this three-phase challenge leads to a six-figure funded account, beginning with an entry fee of
Profit Sharing and Scaling
For the Bootcamp and Hyper-Growth programs, traders start with a 50% profit split, but they can quickly grow that to 75% already by the next stage in the scale-up plan.
Traders can scale up the profit split to 100%, meaning you’ll take home 100% of the profits you earn!
High Stakes program, traders start with an 80% profit split and can also scale that up to 100%.
Drawdown and Risk Management
The equity stop-out level or drawdown defines the minimum equity for an account, triggering all trades to close and trading access to disable if crossed.
As profits grow, so does the maximum drawdown allowance, which traders can raise by keeping profits in the account.
Any payouts reduce the account balance and thus lower the maximum drawdown.
Examples:
- Hyper-Growth: Starting with $10,000 and a 6% drawdown ($600), the account closes below $9,400. With a balance increase to $10,300, the drawdown grows to $900.
- High Stakes: Starting at $5,000 with a 10% drawdown ($500), the account closes below $4,500. If it grows to $5,300, the drawdown increases to $800.
- Bootcamp: Starting with $10,000 and a 5% drawdown ($500), the account closes below $9,500. With a rise to $10,300, the drawdown grows to $800.
This structure adapts the drawdown limit with account growth, offering flexible risk management.
Trading Conditions with The5%ers
Supported Trading Styles
The5%ers encourage a wide range of trading styles.
Whether you’re a scalper, day trader, or swing trader, you’ll find supportive trading conditions that accommodate your approach.
However, certain high-risk strategies, like grid trading and hedging, may be limited to specific programs.
Leverage Options
In the Bootcamp program, the leverage is set to 1:10.
Each asset group has a different margin requirement affecting the leverage as follows:
Forex pairs- 1:10
Metals- 1:3.3
Indices- 1:2.5
Commodities- 1:3.3
Crypto- 1:0.20
In the Hyper Growth program, the leverage is set to 1:30.
Each asset group has a different margin requirement affecting the leverage as follows:
Forex pairs- 1:30
Metals- 1:10
Indices- 1:7.5
Commodities- 1: 10
Crypto- 1:0.60
In the High Stakes program, the leverage is set to 1:100.
Each asset group has a different margin requirement affecting the leverage as follows:
Forex pairs- 1:100
Metals- 1:33
Indices- 1:25
Commodities- 1:33
Crypto- 1:2
Trading Assets
Traders have access to a variety of assets, including forex pairs, indices, and commodities, which allows them to diversify their strategies effectively.
Spreads and Commissions
During periods of standard market fluctuations, major currency pairs like EUR/USD, GBP/USD, USD/JPY sell from 0.2 pips to 0.9 pips, and the commission rate is set at $4 per Standard Lot, round trip.
Overnight swap fees are collected and/or paid nightly.
Platform Options and User Experience
Trading Platforms
The5%ers support popular trading platforms such as MetaTrader 5.
MT5 offers many more advantages over MT4 and is much more beneficial for your trading results.
Ease of Application
Joining The5%ers is a straightforward process.
Traders can sign up for their desired funding program, and instant funding allows traders to skip the application queue and start trading immediately.
Community and Support
Educational Resources
The5%ers provides a variety of educational resources, including webinars, trading guides, and market analysis sessions. These resources are useful for traders looking to enhance their skills and remain updated on market trends.
Trader Support and Communication
Responsive support is crucial for any trading firm. The5%ers offer customer support via email and live chat, providing traders with quick assistance when needed. Additionally, they host a community forum, allowing traders to connect and share strategies.
Pricing
Bootcamp Program (3-Step Evaluation)
- $100,000 Account: Initial entry fee of $95, with an additional $205 payable upon completing all challenge stages.
- $250,000 Account: Initial entry fee of $225, with an added $350 after successful challenge completion.
High Stakes Program (2-Step Evaluation)
- $5,000 Account: Entry fee of $39.
- $20,000 Account: Entry fee of $165.
- $60,000 Account: Entry fee of $300.
- $100,000 Account: Entry fee of $495.
Hyper Growth Program (Instant Funding & Profit Share)
- $10,000 Account: Entry fee of $260.
- $20,000 Account: Entry fee of $450.
- $40,000 Account: Entry fee of $850.
Comparing The5%ers with Other Prop Firms
Unique Advantages
Compared to other prop firms, The5%ers offer a blend of flexibility, scalability, and competitive profit-sharing terms. Unlike many firms, they also allow instant funding, which is an attractive option for traders eager to get started.
Areas for Improvement
While The5%ers offer an impressive suite of services, some traders may prefer higher leverage or a wider range of assets. As with any firm, it’s essential to weigh these factors based on your trading preferences.
Final Thoughts: Is The5%ers Right for You?
The5%ers is an excellent choice for traders who want a straightforward path to funding, diverse trading options, and a supportive community. Their various programs and transparent terms make them accessible to both new and experienced traders. If you're looking for a firm that offers long-term growth and values your trading potential, The5%ers might just be the ideal fit.
FAQs
Can beginners join The5%ers?
Yes, The5%ers offers programs that are accessible for beginners, and their educational resources can help new traders improve.
How much does it cost to join The5%ers?
The cost varies depending on the program. The Evaluation Program has a one-time fee, while instant funding is generally more expensive.
How quickly can I withdraw my profits?
The5%ers allows withdrawals after meeting profit requirements, and they offer multiple payout methods for convenience.
Is there a limit to the funding I can receive?
With the Hyper Growth Program, you can with no time pressure, and grow your account up to $4,000,000
What is the profit split at The5%ers?
Traders can scale up the profit split to 100%, meaning you’ll take home 100% of the profits you earn!