Pricing
Pricing for Instant Funding accounts:
- $10,000 instant funding account: $260
- $20,000 instant funding account: $450
- $40,000 instant funding account: $850
Pricing for High Stakes Challenge accounts:
- $20,000 challenge account: $165
- $60,000 challenge account: $300
- $100,000 challenge account: $495
Bootcamp Challenge:
- $100,000 Bootcamp challenge: €95
- $250,000 Bootcamp challenge: €225
Platform:
MetaTrader 5
Type:
No evaluation, evaluation
Customer Service:
Live chat, phone, email
Pros:
- Offer instant funding
- Real live accounts
- Trade news, EAs, weekend, and overnight holdings allowed
- Good reputation
Cons:
- Low leverage
- No cryptocurrency trading
The 5%ers Review
With many account options, immediate funding, and educational resources like webinars and classes, The 5%ers is one of the best proprietary trading platforms out there.
About The 5%ers?
The 5%ers is a platform for funded traders that provides capital to the best Forex market players, therefore advancing the careers of the most talented traders from around the world and allowing them to make more than they could have by trading currencies on their own with less money.
In 2016, the 5%ers program was established to make funds available quickly to professional traders. Gil Ben Hur and Snir Ahiel are the original founders of the project. Even though they had plenty of trading expertise, they lacked the funds necessary to make a substantial profit. The 5%ers platform was developed in response to the need for a platform where seasoned traders may profit without putting their own funds at risk.
Who Should Use The 5%ers?
If you are a profitable forex trader who requires immediate access to more cash in order to optimize your profits, the 5%ers offer a funded trader program that does not need an evaluation. If you’d want a funded account, but can’t stand the thought of being evaluated for the next two months, this is a good option for you.
Furthermore, the 5%ers are a reliable prop firm if you want to be a funded trader with a company that won’t spring last-minute rule changes or tries to throw obstacles in your way.
The 5%ers Platform & Features
Tradable Assets
Securities available for trading from The 5%ers are as follows:
- Forex majors: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF.
- Forex crosses: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY.
- Metals: Silver and Gold.
- Indices: SnP500, DAX30, NAS100, US30, UK100, JPN225.
Spreads on popular currency pairings such as the EUR/USD, GBP/USD, and USD/JPY vary from 0.2 pips to 0.9 pips under regular market circumstances and the fee rate is $4.5. The fees associated with overnight swaps are collected and paid every night.
Scaling Plan
The 5%ers provide a profit share of “up to”. The potential for a large share of profits may encourage many investors to take part. However, the reality is that you would require at least one million dollars in cash to obtain their high-profit share of 70–80%. It may take some time until you achieve that number. Because the highest loss that may be sustained is only 4%, it will be rather tough for them to get an investment of $4 million. To scale, you’d need to reach a 10% profit target on the low-risk account and a 25% profit target on the aggressive account. Some folks may find it quite high. When it comes to instant funding, the profit split is typically 50/50.
Payment Methods
If you’d like to pay for your chosen Funded Account Program, you may do so using any major credit or debit card, a bank transfer, Stripe, or even USDC & USDT through Coingate.
Withdrawals
Payout requests can’t be processed at the level 1 stage. After a trader reaches Level 2, only then can payout payments be executed.
After completing the first level, you will receive the newly funded account along with half of the level one profit as credit.
Their partner, Deel, will provide you with the option to withdraw your earnings on a biweekly basis using a variety of payment options. PayPal, Payoneer, Coinbase, Revolut, Wire Transfer, and more options are all accepted.
Withdrawing profits will return your account to its starting value, but they won’t count against your X2 milestone goal. If you decide to maintain the profit in the account, the maximum drawdown amount will rise.
Trading Rules
The 5%ers’ Level 1 accounts serve as a stepping stone to the fully funded prop trading accounts that are available to those who prove themselves worthy. Traders can get access to this account for a one-time charge, and in exchange, The5ers will assess your trading character. Traders participating in the instant funding program must maintain a net profit rate of 6-7%, while those participating in the high stakes challenge program must do so at a rate of 12%. With a Level 1 solution, you can show The 5%ers that you can maintain profitability while limiting risk.
You may trade on weekends, at night, during news events, and with the help of expert advisors and indicators. However, it is the obligation of the trader to be aware of the ramifications of the conditions of rollover swaps, as well as volatility, liquidity, and spread conditions.
Evaluation Process
In order to finish the Low-Risk challenge, you have up to 180 days, while the High-Risk challenge gives you only 60 days.
There is a $100K Bootcamp challenge for The 5%ers, divided into three distinct phases. There are no minimum trading requirements or needed trading days when using the leverage of 10:1. In each of the three phases, you should aim to make a profit of 6%, and your loss should never exceed 5%. There’s a 12-month time limit on the challenge’s demo phases. Because of this, investors will be able to handle many markets and even adjust their trading tactics as they go. Overall, this challenge is beneficial for cautious traders who are hesitant to fork up the whole money upfront for fear of losing everything. The €85 price for this test will be charged only when you have successfully completed the test. You will have already secured funding at that point.
The 5%ers Pricing
There are two types of challenge accounts available to the 5%ers, each catering to a specific type of trader. For traders with self-control, they have Instant Funding. When compared to the High Stakes Challenge, which is tailored to traders who are comfortable taking greater risks in the markets, the rate at which your account doubles is far quicker.
Pricing for Instant Funding accounts:
$10,000 instant funding account $260
$20,000 instant funding account $450
$40,000 instant funding account $850
Pricing for High Stakes Challenge accounts:
$20,000 challenge account $165
$60,000 challenge account $300
$100,000 challenge account $495
In addition to that, they have a more recent model of their $100,000 Bootcamp challenge for €95 and $250,000 Bootcamp challenge for €225. You will be required to pay a fraction of the whole amount as an entrance fee, and the remaining balance will be due once you have successfully completed all of your demo stages. Leverage for 1:10, and no minimum days or trades requirements. This bootcamp challenge gives you maximum time to complete the 3 stages for 12 months.
How to Open An Account?
You may decide whether you want an Instant Funding account or a $100K Bootcamp account by going to their webpage and making your selection there. If you select Instant Funding as your funding method, you will be given the option to select either the Low Risk or the Aggressive account type. There, you will also be given the option to select the initial capital that you desire. After that, all that’s left to do is fill out the form and decide the type of payment to use.
Just remember that you receive a lot more leverage with aggressive accounts (1:30 as opposed to 1:6), but you have to meet a greater profit objective in a shorter amount of time. Even in low-risk accounts, stop-loss orders must be placed on all trades.
In Conclusion
Anyone, from complete novices to seasoned pros who lack the necessary capital, may benefit from the 5%ers funded trader program. The no-evaluation funded trader program that they provide would be beneficial to traders who seek funding and want to start trading with real accounts as soon as possible. Because they are assuming greater risk by providing you with instant funds without having to go through evaluation, instant funding programs often divide profits 50-50.
