The5%ers, founded in 2016 and headquartered in Israel with a UK branch, offers unique funded trading accounts for forex traders who meet specific criteria. As analyzed by Trading Funder, The5%ers stands out by providing instant funding at the program’s first level, contingent on alignment with their trading strategy and risk management guidelines. The program offers several account packages, starting at $24,000 with a 25% initial fund release, which can grow based on trading performance.
Traders can select between low-risk and aggressive trading options, influencing profit targets and account leverage. The initial level emphasizes performance evaluation, with opportunities for account growth tied to successful risk management and consistent profitability. Account fees range from $275 to $875, with potential discounts available. Once traders qualify for full account access, they receive 50% of the profits. The5%ers prioritizes flexibility in trading styles and provides ongoing professional support, utilizing the MetaTrader 5 platform with advanced tools and indicators to enhance trading capabilities.
WHAT IS THE5%ERS?
The5%ers is a funding and growing trading company that allows traders to access a funded account to trade the forex market. The company was established in 2016 and is based in Israel, with a branch office in the United Kingdom. The5%ers make fully-funded forex trading accounts available to traders as long as they meet the trading requirements for the funded trading program. Once a trader becomes eligible for a funded account and starts trading, they have access to monthly profit payout plans along with profitable growth scenarios.
Multi-tools
There are trading insights, educational articles, and analyses to help traders compete in the forex market and succeed. This way, the selected traders have an enhanced trading career, giving them a chance to earn higher profits consistently.
Why is THE5ERS unique?
The5ers funded program is unique and different from other proprietary firms because traders can get instant funding at the program’s first level even though it is limited. The idea at the first level is to observe the traders and see their level of success in trading while using their trading strategy and staying in line with the risk management requirements of the program.
Great Support
The company also has reliable customer support available daily and weekly. From Sundays to Thursdays, availability is for 10 hours, while they are available for 5 hours on Fridays. There is a constant emphasis on transparency and accessibility while providing traders with an adequate supporting framework. Also, anyone from around the world can apply for the funded program as long as they are over 18 years old. The company has no ethnic or cultural discrimination as they welcome diversity and are open to all nationalities.
WHAT ARE THE5ERS OFFERS FOR FOREX? TRADERS?
Forex is the biggest market in the world, and it is the market where a lot of beginner traders tend to take their first step in the trading journey. While traders do not need a large amount of capital to be profitable when trading forex, having sufficient funds to utilize sophisticated trading strategies increases the trader’s chances of making increased profits. And this is where a proprietary firm like The5%ers comes in. Since this is a company focused on forex traders, this gives such individuals a chance to get a head-start on their trading career at reasonable prices and adequate support from seasoned professionals.
What are THE5%ERS offers and prices?
To get started, the company makes four different Level 1 packages available to traders, which are divided based on the account size and the immediate funding that the traders can access.
| Account size | Instant funding | Participation Fee |
|---|---|---|
| $24,000 | $6,000 | $275 |
| $40,000 | $10,000 | $450 |
| $52,000 | $13,000 | $565 |
| $80,000 | $20,000 | $875 |
P.S: In the first funded account, you will be founded with only 25% of the actual account size. When you reach the trading objectives, you will then be able to trade with 100% of the account size
what are the differences between low-risk and Aggressive accounts?
You will have to choose the option you want to participate in since each package account has an aggressive and low-risk option, which determines the profit target a trader has to aim for. Generally, the aggressive program option has a profit target of 12%, while the low-risk program has a 6-7% profit target. But there are some other differences.
Here are all the differences between the Low-Risk program and the Aggressive program:
| Low Risk | Aggressive | |
|---|---|---|
| Profit Target | 6 to 7% | 12% |
| Account Leverage | 1:6 | 1:30 |
| Stoploss Required | Yes: 1.5% | No |
| Maximum Time | 180 days | 60 days |
what happens after we finish Level 1 at The5ers?
Once traders sign up, they are given a Level 1 funded account, which allows the company to evaluate the general performance of the traders in terms of their trading style, profit target, and risk management. Traders that end up reaching or exceeding the maximum stop-out rate for a selected account package will have their accounts terminated because it shows they are not good at money and risk management. This is why Level 1 account holders aim to show that they can make consistent profits while minimizing risks. They must endeavor to meet their profit target, avoid breaching the max loss limit rules, and be logical when utilizing leverage. Once traders manage the level 1 funded account well, they receive their first payout and are given an official trading account.
how much does an account at The5ers cost?
The trader needs to pay a one-time fee to sign up. As mentioned earlier, the amount of the cost ranges from $275 to $875 depending on the package option selected by the traders. But you can get 5% off for all offers. The company provides the funding for the program, thus making it suitable for beginner traders with little or no capital.
what is the profit split at The5ers?
Once the trader receives an official trading contract and starts making money, the company retains 50% of the profits accrued by the trader, which is quite steep compared to other firms offering this kind of service. One free payout is available every month, but if traders wish to withdraw more than once, they will be charged at least $15 or a 3% handling fee.
Are there professional guidance and tools available at The5ers?
Yes, there is professional guidance from The5%ers team, which provides traders with valuable trading insights, educational tools, and risk management tips that are all useful for navigating the forex market. The program offered by The5ers is designed so that traders gain extra skills and knowledge due to the wealth of free resources made available by the company.
The program is suitable for just about any kind of trader, irrespective of experience, as long as traders can show success and consistency in trading along with a clear strategy and willingness to learn quickly.
WHAT ARE THE RULES AND CHARACTERISTICS OF THE5%ERS
The5%ers are highly interested in traders and their trading experience, which is why detailed insights about their trading platform are provided so that traders can have an efficient experience. Below are some of the rules and characteristics that traders can expect to come across:
What are the5ers general trading objectives?
- The level 1 objective in terms of profit target is 6% for the low-risk option and 12% for the aggressive option.
- The time limit is six months for the low-risk option, while it is two months for the aggressive option
- The stop-out level is 4% for both package options.
- The delegated leverage for the low-risk option is 1:6, while it is 1:30 for the aggressive option.
What is drawdown, and how can it be calculated?
While The5%ers no longer apply drawdown as part of their program but instead use a stop-out bar, it is still important for traders to know what drawdown is because it shows the potential risk within a trading strategy.
The drawdown can be determined by a specific calculation, which will be explained:
The P&L money difference between the highest balance (closed positions P&L) and the lowest equity (closed + open positions), which usually comes afterward. P&L represents profit and loss.
For example, the highest balance on 5th January at 11:00 am is $12,550;
The lowest equity hours after 11:00 am on 5th January is $12,120;
The drawdown is thus calculated as $12,550 – $12,120 = $430.
Are traders allowed to hold positions overnight and over the weekend and trade the news?
Traders can hold positions overnight and over the weekend, too, but the company emphasizes the need for traders to note the implications of volatility, rollover swap conditions, spreads conditions, and liquidity. The program of The5%ers is designed to be flexible and accommodate diverse trading styles and personalities, thus allowing traders to trade the news.
How do the5ers traders make profit payout requests?
Traders on level 2 funded accounts are eligible to withdraw from their profit-share anytime with any level of frequency that suits them without any minimum or maximum withdrawal limit. Such traders only need to push the “Profit Payout” button on their accounts’ dashboard.
Is there a requirement for minimum trading days or minimum positions?
No minimum trade positions nor minimum trading days exist for completing level 1. Once traders reach the profit target, Level 1 is completed, and traders can have access to a more extensive account and keep growing from there.
What is the time expiration at The5ers?
A predetermined maximum duration is allowed for traders to complete Level 1 of the program. Within the duration, traders are expected to complete all the trading goals and objectives, but there is room for flexibility for traders who were not able to finish all the trading objectives but were still able to end on a positive note. Depending on the package option, such traders may be given extra time to complete the objectives.
How to ask The5ers for an extension?
For traders with the low-risk program option who are unable to complete the trading goals within the required duration but can show a net profit of 2.5% or more, they can request a 30-day extension. The request for an extension can only be granted when the trader asks for it via email or chat, and the extension can only be given twice.
The approach for the aggressive program option is slightly different as the trader does not receive a time extension but rather a free restart for ending with a positive P&L and not meeting the profit target.
Why is there a participation fee at The5ers?
The period of participation in the level 1 phase of the program is very important for the traders and the company since a lot of time and effort are invested in the traders and their careers. Since traders will be evaluated through the use of real, live accounts, the participation fee serves as the only monetary contribution and maximum payment that the trader has to make. The company is looking for traders with a sense of responsibility, a modicum of patience, and robust risk management skills. Such traders should also have the ability to make substantial profits, which gives them a chance to make up for the participation fee through their gains.
What will traders receive when paying the participation fee?
Traders will receive the following:
- A trading account that is fully funded instead of a demo account.
- Trading resources
- A sophisticated Dashboard
- Trading losses waiver
- Payouts from the profit share
- A Reliable support
- Unrestricted access to The5%ers live trading room
How many programs can traders simultaneously sign up to?
Traders are allowed to register for up to three different programs, which increases the chances of traders getting more funds to trade with, up to almost $4 million. However, traders are not allowed to merge the different accounts.
Which trading platform does The5%ers use?
The5%ers use the MetaTrader 5 (MT5) platform because it is currently the most sophisticated platform for forex brokers and traders globally. MT5 provides many benefits when compared to the legendary MT4, which is older and does not align with the standards that The5%ers intend to make available to traders. Since the goal is to ensure traders have a seamless development and trading experience, MT5 seems like the logical platform to utilize.
Can The5ers traders use their indicators and expert advisors when trading?
Totally! The company gives the traders enough room to maneuver, which is why traders are allowed to use the strategies that suit them. Once traders complete the level 1 program and are offered an official trading contract, they are free to use their various trading techniques and tools, like indicators and expert advisors, without any restrictions.
PROS AND CONS OF THE5%ERS FUNDED TRADING PROGRAM
What are the Advantages of THE5%ERS?
- It is favorable for beginner traders as access to educational tools and support from professional traders will help build their trading skills and expertise.
- There is an opportunity to access funding of up to almost $4 million.
- The company espouses full transparency and has an excellent reputation, as there are no hidden charges.
- With every milestone that a trader achieves, the account funding doubles.
- Trading conditions are less strict, and any type of trading is allowed.
- Traders can hold overnight positions and over the weekend as well.
- Traders can work with a funded account immediately after the participation fee is paid.
- Traders have increased the time required to complete challenges and meet trading targets.
What are the Disadvantages of THE5%ERS?
- Traders only get 50% of the profit made, which is low compared to the sharing percentage of similar firms.
- The amount of the participation fee can put off some traders who might have held an initial interest in the program.
- Using the MetaTrader5 platform might not necessarily make chart reading so smooth.
Conclusion on The5ers
The5%ers is a strong choice for forex traders seeking instant funding and flexibility in their trading style. With various account options, including low-risk and aggressive settings, traders can select a package that suits their strategy and risk tolerance. While the profit split of 50% may seem low compared to other firms, the opportunity for substantial account growth and support from seasoned professionals helps mitigate this. The Trading Funder team believes that with its focus on trader development and access to advanced tools via MetaTrader 5, The5%ers can be a good fit for both new and experienced traders looking to advance their careers responsibly.
