After passing the The5ers evaluation, traders receive a funded account. They withdraw a portion of their profits based on the payout and withdrawal policy, which includes bi-weekly withdrawal options through various methods like bank transfer, The5ers Visa Card, and cryptocurrencies. The Trading Funder team has done thorough research on payout and withdrawal processes to help traders understand these steps clearly. This ensures a smooth experience when accessing their earnings.
The5ers traders can withdraw profits every 14 days, with a minimum withdrawal amount of $150. The profit split starts at 50% and can go up to 100%, depending on the program and performance. If the account is terminated, any remaining profits or balance are forfeited.
The5ers traders can withdraw profits every 14 days once fully funded, with a minimum withdrawal of $150. Options include Rise, The5ers Visa Card (virtual or physical), bank transfer, and cryptocurrencies. For the first withdrawal, traders must complete KYC verification. There’s no mention of tax forms, but KYC is mandatory. Fees for the Visa card include €3 for ATM withdrawals, 3% for non-Euro/GBP currency exchanges, and other minor card-related charges.
This article delves into the details of The5ers’ withdrawal and payout policies, highlighting key factors such as payment methods, processing timelines, fees, and tax considerations—all of which are essential for making informed decisions, a mission that Trading Funder is dedicated to supporting.
What is the The5ers payout policy?
After passing the The5ers evaluation, traders receive a funded account. They withdraw their shares of profits based on the payout and withdrawal policy. The5ers’ payout rules vary by program, and here are the key details:
- Profit Split:
- High Stakes: Profit split starts at 50% and can reach 100% based on performance.
- Bootcamp: Funded traders can receive up to 100% profit split.
- Hyper Growth: Profit split begins at 50%, scaling to 100% as the account grows.
- Payout Schedule: Payouts are processed every 14 days once a trader is funded. The payout cycle resets each time the account is scaled.
- Minimum Trading Days: There are no minimum trading days required to request a payout.
- Payout Minimums: The minimum withdrawal amount is $150.
- Account Balance: Traders can leave profits in their account, which increases their maximum drawdown buffer.
- Withdrawal Requirements: Traders must complete KYC verification before their first withdrawal.
- Payout Options: Withdrawals can be made via Rise, The5ers Visa Card, bank transfer, or cryptocurrencies.
What’s the minimum withdrawal amount at The5ers?
The minimum withdrawal amount at The5ers is $150. This applies to all programs, and traders can request payouts every 14 days once they are fully funded.
What’s the maximum withdrawal amount at The5ers?
There is no specific maximum withdrawal amount mentioned at The5ers. Traders can withdraw profits based on their earnings, and withdrawals don’t affect the scaling of their accounts.
What’s The5ers’s Minimum Balance For Withdrawals?
The5ers doesn’t specify a set minimum balance to keep in the account after withdrawals. However, withdrawing profits reduces your account balance, which lowers the maximum drawdown available for trading. This means that while you can withdraw freely, keeping some profits in the account helps maintain a larger buffer for risk.
What are The5ers‘s withdrawal methods?
The5ers offers several withdrawal methods. Traders can withdraw profits via Rise, The5ers Visa Card (both virtual and physical), bank transfer, and cryptocurrencies. For crypto, withdrawals over $1500 are processed through Rise, while smaller amounts are paid directly in crypto.
When traders can withdraw from The5ers?
Traders at The5ers can withdraw profits every 14 days once they are fully funded. The first withdrawal is available 14 days after receiving the funded account. If the account is scaled (when a profit milestone is hit and the account size increases), the 14-day payout cycle resets, meaning traders will need to wait 14 days from that scaling event for the next withdrawal.
How fast is The5ers‘s payout process?
After traders request a withdrawal from The5ers, they will receive the payout within 7 business days.
How does the payout process work at The5ers?
Here’s a detailed step-by-step guide to the payout process at The5ers:
- Meet Withdrawal Conditions: Before requesting a payout, traders must complete the evaluation phase and become fully funded. For the first withdrawal, KYC verification is required.
- Payout Request: Once funded, traders can request a payout every 14 days. The request is made through the trader’s dashboard by using the ‘request payout’ button.
- Payout Minimum: The minimum withdrawal amount is $150. Requests below this threshold cannot be processed.
- Select Withdrawal Method: Traders can choose from multiple withdrawal options:
- Rise
- The5ers Visa Card
- Bank transfer
- Cryptocurrencies (for amounts below $1500, direct crypto payments are made; larger amounts go through Rise) .
- Processing Time: After submitting the request, payouts are processed within 7 business days.
- Payout Cycle Reset: If the trader’s account is scaled (after hitting a profit milestone), the 14-day payout cycle resets, meaning the next withdrawal can be requested 14 days after the account scaling.
Following these steps ensures a smooth payout process.
What are The5ers’s payout restrictions?
The5ers’ payout restrictions include the following:
- Account Type: Payouts can only be requested after a trader is fully funded. No payouts are available during the evaluation phase.
- Profit Sharing: The profit split depends on the program and performance. In some programs, it starts at 50% and can increase to 100%. Payouts are based on this profit-sharing model, and any changes to the split happen when scaling up.
- KYC Verification: For the first withdrawal, traders must complete KYC verification, which is mandatory for regulatory compliance.
- Prohibited Countries: Traders from certain countries are restricted from joining The5ers, and this may affect payout eligibility. These countries include the United States, North Korea, Iran, Venezuela, and others.
- Withdrawal Methods Availability: Some withdrawal options, like Rise and bank transfers, may not be available in certain regions, depending on the service’s availability.
These restrictions ensure compliance with global regulations and maintain the integrity of The5ers’ payout process.
What is the The5ers profit share?
The5ers’ profit share, or profit split, varies by program:
- High Stakes Program: The profit split starts at 50% and can scale up to 100% based on performance and account scaling.
- Bootcamp Program: Funded traders can earn up to 100% profit split, depending on their performance.
- Hyper Growth Program: The profit split begins at 50%, and like other programs, it can reach 100% as the trader meets milestones and scales the account.
Profit share increases as traders hit performance targets and scale their accounts across all programs.
What to know about taxes on The5ers payouts?
The5ers doesn’t provide specific tax advice, but traders are responsible for managing their own taxes on payouts. The5ers requires KYC (Know Your Customer) verification, which involves submitting documentation like proof of identity and address, and this could be used for tax reporting purposes, depending on a trader’s local tax laws. The firm doesn’t automatically withhold taxes, so traders need to report earnings as income to their local tax authorities.
does The5ers apply withdrawal fees?
The5ers applies withdrawal fees depending on the payout method chosen:
- The5ers Visa Card:
- Physical Card Issuance: €14.75
- Virtual Card Issuance: €2.75
- ATM Withdrawals: €3.00 per transaction within the Euro area, and 3.25% for international withdrawals outside the EEA.
- Foreign Exchange Fee: 3% for non-Euro/GBP currencies.
- Cryptocurrency Withdrawals:
- Crypto transactions have no specific fee mentioned, but withdrawals over $1500 are processed through Rise.
Other methods, such as bank transfers, do not list specific fees.
Does The5ers Pay Out?
Yes, The5ers does pay out. Traders consistently report receiving their payouts on time. Reviews show that once traders pass the evaluation and become fully funded, they have a smooth payout experience. Many traders highlight fast payout processing and great customer support.
The5ers has a high Trustpilot score of 4.9/5, based on thousands of reviews, where traders confirm reliable payout processes and timely support. However, like any firm, a few traders report issues, but these are generally linked to KYC verification problems.
Will withdrawals affect The5ers’s trading rules?
Withdrawals at The5ers do not affect their trading rules. Traders can request payouts without influencing their account’s scaling or trading parameters. After withdrawals, the account continues functioning as normal, and the only impact is on the available drawdown buffer, which decreases if profits are withdrawn from the account balance.
Conclusion on The5ers Withdrawal and Payout policy
The5ers’ withdrawal and payout policy stands out for its simplicity and reliability. Key advantages identified by the Trading Funder team include the biweekly payout schedule, the flexibility to withdraw profits without hindering account scaling, and a variety of withdrawal methods, such as Rise, Visa card, bank transfer, and cryptocurrencies. The $150 minimum withdrawal is reasonable, and the process typically wraps up within 7 business days.
On the downside, some fees—particularly for Visa card issuance and ATM withdrawals—can be on the higher side. Traders should also be mindful that withdrawing profits decreases their drawdown buffer, something Trading Funder advises clients to consider when planning withdrawals. Overall, The5ers offers a solid payout system, but careful management of withdrawals is essential for maintaining a healthy account balance, a point we often emphasize in our consulting services.
