Review
The5%ers
"The5%ers: Comprehensive Review and Analysis of Trading Program"
The5%ers: Funding Traders & Growth Program | Providing Higher Capital to Full-Time Traders | Established 2016 | Registered UK Company | London Headquarters | Passionate and Dedicated Professionals
Founded in 2016, The 5%ers Funding Traders & Growth Program was created to provide full-time traders with access to a higher level of capital than what is typically available. This organization is well-known for its deep commitment and enthusiasm for the trading profession. Located in London, UK, The5%ers is also prominently established in Israel.
At the heart of their activities is a resolute mission to supply traders worldwide with a secure, fair, and transparent trading infrastructure that empowers personal development and aids in the pursuit of life’s goals. The 5%ers offers unique career advancement opportunities to its clients, focusing on a high-growth strategy to increase capital levels and achieve substantial profits.
Their philosophy centers on enabling traders to attain financial independence, regardless of their background or origin. Traders have the potential to generate significant returns by managing account sizes of up to $4,000,000 and participating in up to three concurrent accounts. Moreover, depending on the chosen funding program, traders can access profit-sharing arrangements ranging from 50% to 100%. This can be achieved by trading various instruments, including forex pairs, commodities, and indices.
Who are The5%ers
The 5%ers is a London-based proprietary firm situated in the United Kingdom. They provide a variety of instant funding account models with different risk profiles, ranging from low-risk to aggressive-risk choices. These account models offer flexibility in terms of initial funding, with options available at $5,000, $10,000, and $20,000, which can subsequently be increased to a substantial amount of up to $4,000,000. Additionally, The 5%ers offers a comprehensive two-step evaluation program tailored for individuals seeking higher-stakes opportunities. Furthermore, they present the Bootcamp challenge model, with options available at $100K or $250K, which can potentially grow to a significant size of $4,000,000. Traders are given the opportunity to use MetaTrader 5 for their trading activities, while the firm utilizes a third-party program as its brokerage platform.
The company is officially registered in the United Kingdom, and you can verify their registration on Companies’ House records. FIVE PERCENT ONLINE LTD is the parent company. They were established on April 9, 2020, under the leadership of Gil Ben Hur. The company’s headquarters are situated at 14 Haroshet St, Raanana, Israel.
As for the CEO of The 5%ers, Gil Ben Hur, the founder and CEO of The 5%ers’ funding and growth program, is a highly respected figure in the forex trading industry. With a career spanning more than a decade, he has established himself as a dedicated full-time forex trader since 2007, specializing in order flow and price-action methodologies. In addition to his role as a trader, Gil Ben Hur is renowned for his expertise as a trading coach and his previous experience as a portfolio manager for private investors. In 2016, he ventured into the proprietary trading firm sector by launching The 5%ers, a venture that achieved considerable success. This innovative trading platform transformed the landscape by offering individual forex traders worldwide the opportunity to access substantial trading capital and benefit from an exceptional career growth pathway, often referred to as an outstanding scaling plan.
Funding Options
The5%ers offers its traders three different programs to choose from:
- Instant funding program accounts
- High-stake challenge
- Bootcamp program account
Instant funding program account
The Instant Funding Program from The5%ers allows traders to skip the evaluation phase and start making profits immediately. It’s essential to emphasize following the 3% daily pause rule and the 6% maximum loss limit for compliance. Keep in mind that meeting a 12-month minimum trading day requirement is necessary to successfully complete Level 1. Traders can earn profit shares ranging from 50% to 100%, depending on their trading profitability with a 1:30 leverage ratio.
The Instant Funding Program includes an account scaling plan, which is illustrated in the provided spreadsheet. To qualify for scaling your account, you only need to reach a profit target corresponding to your chosen instant funding level. An additional advantage to highlight is that making withdrawals won’t hinder your account’s ability to scale up. Once your account’s total profits 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 instant funding program account are forex pairs, metals, 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
The high-stakes challenge by The5%ers aims to identify and reward skilled traders who consistently perform well during a two-phase evaluation period. During this evaluation, traders can trade with a 1:100 leverage.
In Phase 1 of the evaluation, traders are required to reach an 8% profit target while ensuring that their daily losses do not exceed 5%, and their overall losses stay within 10%. There is no specific time limit to achieve this profit target in the Phase 1 evaluation account, but they must have a minimum of three profitable days to advance to Phase 2.
Moving on to Evaluation Phase 2, traders need to achieve a 5% profit target while keeping their daily losses at or below 5% and overall losses within 10%. As in Phase 1, there’s no strict timeframe for reaching this profit target in the Phase 2 evaluation account, but again, a minimum of three profitable days is necessary to qualify for a funded account. It’s important to note that upon successfully completing the Phase 2 evaluation, traders will receive a refund of their account payment.
Upon successful completion of both evaluation phases, traders will be granted a funded account. This funded account has a minimum withdrawal policy of $150. The rule of having at least three profitable days from the evaluation stages still applies. Additionally, traders must adhere to the 5% maximum daily loss and 10% maximum loss regulations. The first payout is scheduled 14 calendar days after traders open their initial positions in the funded account, with subsequent payouts issued bi-weekly. Traders receive an 80% profit split based on their performance in the funded account, with the potential for it to increase up to 100% and an added monthly salary if they meet specific scaling criteria.
The high-stake challenge also offers a scaling plan. To qualify for scaling the account to the next level, traders must achieve a 10% profit target. Scaling can be done once per pay period, and withdrawals do not affect the account’s ability to scale up. Eligibility for account scaling is dependent on 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.
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 offers an accessible opportunity for traders to showcase their trading abilities without a significant upfront investment. Participants contribute a portion of the total fee as their entry cost, with the remainder due upon completing the demo stages.
To enter the demo stages, you can choose between two options: 95€ for the $100k account or 225€ for the $250k Bootcamp account. During these demo stages, traders are provided with a leverage of 1:10, and there are no requirements for a minimum number of trading days or trades. The goal for each of the three demo stages is to achieve a 6% profit, with a maximum allowable loss of 5%. It’s worth noting that the demo stages must be completed within 12 months. However, there’s also an account expiration policy, which activates after 21 days of inactivity.
Additionally, traders must adhere to the rule 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 closed. Successful completion of all three demo stages qualifies traders to advance to the live trading stages, where they can grow their accounts and generate profits.
To enter the live trading stages, there is a one-time payment of 205€ for the $100k Bootcamp account or 350€ for the $250k Bootcamp account after successfully completing the three demo stages. During the live trading stages, traders are given a 1:10 leverage ratio and can increase their account size upon reaching a 5% profit target. 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 rules and guidelines governing the $100k Bootcamp program account, you can refer to the account specifications.
The account scaling plan within the boot camp program requires achieving a 6% profit target 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 involves achieving a 5% profit target while ensuring that the maximum loss does not exceed 4% at each level. Once the profit target is met, traders can increase the size of their accounts. Furthermore, each time the profit target is reached, 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 The5%ers different
The 5%ers stands out from other prominent firms in the industry due to its unique array of three distinct funding programs: Instant Funding, High-Stakes Two-Step Evaluation, and the Bootcamp Challenge. Additionally, The5%ers sets itself apart by refraining from imposing any minimum trading day requirements, allowing traders the freedom to maintain positions over weekends, during overnight periods, and even during news releases. This freedom extends to their use of indicators and Expert Advisors (EAs) in their trading strategies.
Compared to other proprietary firms, The5%ers introduces the Instant Funding program, which enables traders to quickly access funded accounts. For level 1 Instant Funding accounts, the profit target is set at 10%, alongside specific rules, such as a 3% daily pause and a maximum loss limit of 6%. Importantly, traders have a generous 12-month timeframe to meet the level 1 requirements. Furthermore, the Instant Funding program features a scaling plan, providing traders with the opportunity to grow their accounts. The absence of a minimum trading day requirement and the flexibility to progress within a maximum 12-month trading period make The5%ers distinctly different from other leading proprietary firms.
On the other hand, The 5%ers’ High-Stakes Challenge consists of a two-phase evaluation program, both of which must be successfully completed to be eligible for payouts. Phase one involves achieving an 8% profit target, while phase two sets a profit target of 5%. The program introduces additional regulations, including a maximum daily loss limit of 5% and an overall loss limit of 10%. Additionally, traders need to generate at least three profitable days within each phase to be considered for funding. Similar to the Instant Funding program, the High-Stakes Challenge includes 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 offers traders an opportunity to showcase their trading skills 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 6% profit target while adhering to a maximum loss limit of 5%. Traders have a maximum trading period of 12 months to meet this challenge, during which they must employ 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 progress to the live trading stages, which enable 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 goal of the live trading stages is to reach a 5% profit target, which facilitates account scaling while maintaining a maximum loss limit of 4%.
What distinguishes The5%ers from other leading proprietary firms is its unique offering of three distinct funding programs. Importantly, there are no mandatory minimum trading day requirements. Traders can also keep their trades active over weekends and overnight, participate in trading during news releases, and leverage indicators and Expert Advisors (EAs). These exceptional features make The5%ers an excellent choice for consistent traders seeking a long-term funding opportunity.
In summary, The5%ers stands out in the industry by providing three distinct funding programs that offer flexibility and a range of trading advantages.
Is getting capital realistic
When evaluating proprietary trading firms that match your forex trading style, it’s essential to assess the feasibility of meeting their trading requirements. For instance, while a company may present an attractive profit sharing percentage for well-funded accounts, if they expect unreasonably high monthly gains along with strict maximum drawdown limits, your likelihood of achieving success would be significantly diminished.
Securing capital through immediate funding programs offers a practical opportunity because these direct funding initiatives allow you to start earning right from the beginning. The initial stage of these programs involves a 10% profit target, effectively doubling your initial capital. Furthermore, the maximum loss rules associated with these programs are reasonable, with traders subject to a 3% daily pause and a 6% maximum loss threshold.
Acquiring capital through high-stakes challenges is also a viable option, mainly due to the relatively modest profit targets (8% in phase one and 5% in phase two) and the inclusion of reasonable maximum loss regulations (5% maximum daily loss and 10% maximum loss). Additionally, participants are provided with an unlimited timeframe to complete both evaluation phases.
Obtaining capital through the Bootcamp funding program is another realistic option. However, you must successfully complete three demonstration stages before gaining access to live trading stages. The live trading stages come with attainable profit targets of 5% and impose a 4% maximum loss limit. Notably, upon completing a single live trading stage, you become eligible to withdraw your profits.
Taking these factors into account, The5%ers stands out as an excellent choice for securing funding. They offer three distinct funding programs with realistic trading objectives and conditions for eligibility for payouts.
Payment Verification:
Concerning payment verification, The5%ers was established on April 9th, 2020. Traders have the flexibility to request withdrawals of their profit shares at any time, with no minimum or maximum thresholds. You can initiate this process by clicking the “Profit Payout” button on your traders’ dashboard. Additionally, you can find reliable payment proof on their YouTube channel in certain videos where they conduct interviews with their traders. For example, you can watch and listen to discussions about payments in the following two videos.
Which brokers does MyFundedFX use
The 5%ers utilize a unique trading strategy, which involves direct interaction with a commercial Liquidity Provider, rather than relying on traditional broker brands. This setup provides them with Direct Market Access, making their trading activities more efficient. The actual trading executions within The5%ers are conducted through STP Market Execution with their chosen broker. They have integrated an ECN-Broker-Fees-Structure into their platform to streamline their operations.
Under this framework, a fee of $4 per lot is imposed for a complete round trip, equivalent to 0.4 pips. The EUR/USD spread ranges from 0.1 to 0.5 pips.
Regarding trading platforms, The5%ers offers clients the opportunity to use the widely adopted MetaTrader 5 platform.
Trading Instruments: The 5%ers enable their clients to trade a wide range of assets, including major forex pairs, forex crosses, as well as gold, silver, and various indices.
Education and Support
The 5%ers offer an extensive array of educational materials in their Trading Resources section on their website. These resources include trading ideas, trading rooms, a wide range of educational videos, forex pivot points, trading courses, and invaluable tips to support success in their funded trader program. To visit their website, please click on the provided link.
In addition, ForexFactory hosts a dedicated discussion thread specifically about The5%ers, where you can find abundant information and engage in discussions about the company. This thread is a valuable resource for gaining insights into the company and reading comments and experiences shared by their clients.
The 5%ers also have a comprehensive Frequently Asked Questions (FAQ) page on their website, which is a valuable resource for finding the information you’re looking for.
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.
Clients review
The 5%ers receive outstanding reviews and positive feedback.
Trustpilot hosts a broad and varied community of engaged individuals who contribute positive feedback, resulting in an impressive overall rating of 4.8 out of 5 based on 925 reviews. Furthermore, the platform offers a reliable support team that is readily accessible to handle inquiries and offer comprehensive assistance.
Clients’ comments also highlight the professionalism and helpfulness of their customer support.
Additionally, their clients find great value in the educational resources provided to make their trading experience smoother.
Social media stats
The5%ers can also be found on social media.
They have a:
- Twitter account with 3,741 followers,
- Instagram page with 17k followers,
- Facebook page with 47,600 followers,
- Youtube channel with 12,6k subscribers with 375 uploaded videos,
- Pinterest page with 4,4k followers, and
- Linkedin page with 2,433 followers.
Conclusion
In summary, The5%ers is a reputable proprietary trading firm that provides traders with three distinct funding programs: Instant funding, the high-stake challenge, and the Bootcamp challenge.
Under the instant funding programs, traders are expected to achieve a profit target of 10% while adhering to the maximum loss rule of 6%. Additionally, traders should be mindful of the 3% daily pause rule, which serves to prevent excessive trading. Reaching the profit targets results in a doubling of the trader’s account balance. Subsequently, traders are permitted to scale their accounts each time they hit a 10% profit target, with a maximum balance cap of $4,000,000. There are no minimum trading day requirements, but traders must complete level 1 within a maximum trading period of 12 months.
The high-stake challenge consists of a two-phase evaluation process that aligns with industry standards. Traders must successfully complete both phases to become funded and qualify for profit splits. The 5 %ers set realistic profit targets of 8% in phase one and 5% in phase two, considering the 5% maximum daily loss and 10% maximum loss rules. Through the high-stake challenge, traders can earn profit splits ranging from 80% to 100%, accompanied by a potential monthly salary based on their scaling level.
The Bootcamp funding program necessitates the completion of three demo stages before gaining access to live trading stages, enabling traders to generate profit splits and further scale their accounts. Profits can be withdrawn each time a 5% profit target is achieved, resulting in account balance growth of up to $4,000,000. It is important to note that there are no minimum trading day requirements for the Bootcamp funding program.
Based on the straightforward rules and favorable conditions offered by The5%ers, I highly recommend this prop firm to individuals seeking a reliable option. With their established presence in the proprietary trading industry and the provision of excellent opportunities for traders with diverse styles, The5%ers undoubtedly stands out as one of the leading firms in the field.
