The5ers was founded in 2016 by Gil Ben Hur and Snir Achiel in Israel. The company operates as a proprietary trading firm, providing capital to forex traders. Their main focus is on forex but they also offer instruments like commodities, indexes, cryptocurrencies, and energy commodities. The5ers offers several types of accounts including their Hyper Growth, Bootcamp, and High Stakes programs, each designed for traders at different experience levels.
Trading Funder have found that Trustpilot score for The5ers is 4.9/5 based on over 7,500 reviews. Positive feedback highlights their great customer service, smooth payout process, and excellent trading conditions like tight spreads and fast order execution. The scaling plan and flexibility in trading strategies also receive praise. On the negative side, some traders reported issues with daily drawdown limits and KYC verification delays, though these problems were resolved by support.
Key advantages of The5ers include flexible trading conditions, fast payouts, and a solid scaling plan that allows traders to grow their accounts quickly. The low spreads and transparency in trading rules are also well-regarded. On the downside, some traders face issues with daily drawdown limits, strict rules around KYC verification, and occasional delays in customer service responses.
The5ers offers account types like Hyper Growth, Bootcamp, and High Stakes. Prices range from around $39 for entry-level accounts to $260 for higher-stakes options. Traders access these accounts using the MetaTrader 5 (MT5) platform, available on desktop, web, and mobile.
The5ers has several key trading rules. Daily loss limit is 3-5%, and maximum drawdown ranges from 6-10%, depending on the program. Leverage is limited to 1:10 or 1:30 for most programs, but can go up to 1:100 for the High Stakes program. Holding over weekends and during news events is generally allowed, but some restrictions apply during high-impact news. Hedging is allowed, and Expert Advisors (EAs) can be used, though arbitrage or copy trading is prohibited. There are no strict restrictions on trading style, but copy trading and certain aggressive tactics are banned. The scaling plan allows for account growth up to $4M.
In this article, Trading Funder offers an in-depth review of The5ers, covering its key features, account types, and trading rules to help guide your experience with this prop trading firm.
What is The5ers?
The5ers, founded in 2016 by Gil Ben Hur and Snir Achiel in Israel, is a proprietary trading firm. They specialize primarily in forex, but also offer commodities, indices, and cryptocurrencies. Traders must demonstrate consistent performance to gain access to larger amounts of trading capital. A forex prop trading firm like The5ers provides traders with the firm’s capital to trade, allowing them to scale their accounts based on success, while minimizing personal financial risk .
who is The5ers‘s founder?
The5ers was founded by Gil Ben Hur and Snir Achiel. Gil Ben Hur has been a forex day trader since 2007, and he previously co-owned an educational trading community. Snir Achiel has been trading forex and stocks since 2009 and has experience as a trading coach. Both have a background in managing capital and training other traders before starting The5ers in 2016.
What makes The5ers Legit?
The5ers is considered legit due to its strong reputation and transparency. On Trustpilot, it has a 4.9/5 rating from over 7,500 traders. Most traders appreciate the reliable payout process, helpful customer service, and favorable trading conditions, like low spreads and straightforward rules. The scaling plan is another highlight, helping traders grow their accounts as they hit profit targets. Some negatives include strict daily drawdown limits and delays during KYC verification for a few traders.
Does Makes The5ers send payouts to its traders?
Yes, The5ers does send payouts to its traders. Once a trader becomes fully funded, payouts can be requested every two weeks through their dashboard. The payout methods include bank transfers, cryptocurrencies, and The5ers Visa card. The minimum withdrawal amount is $150. Traders can also choose to leave profits in their account to increase their maximum drawdown limit. Profit splits range from 50% to 100% depending on the program, and payouts do not interfere with the scaling of the account, meaning traders can continue growing their capital while getting paid regularly
Does The5ers have good User Reviews and Testimonials?
The5ers has a Trustpilot score of 4.9/5 from over 7,500 reviews, showing that most traders are satisfied with the service. Positive reviews often mention smooth payouts, responsive customer support, and favorable trading conditions, including low spreads and good execution. On the downside, some users have reported strict daily drawdown rules and occasional delays with KYC verification, though most issues are resolved by support.
Does The5ers have good Customer Support?
The5ers is known for having good customer support, as reflected in its 4.9/5 Trustpilot score from over 7,500 reviews. Traders consistently highlight fast responses from the support team, especially through the live chat feature, which is praised for resolving issues quickly. Email and phone support are also available, ensuring that traders can get help through multiple channels. However, there are occasional complaints about delays during peak times or slow KYC verification, but these issues are typically resolved
What are The5ers’s advantages?
Here are the key advantages of The5ers:
- Profit Splits: Offers up to 100% profit splits depending on the program.
- Flexible Trading Conditions: Allows traders to hold trades overnight and during weekends, and permits trading during news events.
- Scaling Plan: Account size grows as traders meet profit targets, allowing capital management up to $4M.
- Multiple Programs: The firm has diverse funding programs, including Bootcamp, Hyper Growth, and High Stakes, catering to traders at different experience levels.
- Low Costs: Initial fees are affordable, especially in Bootcamp and High Stakes programs.
- No Time Limits: Traders aren’t pressured by time limits, which gives them flexibility to trade at their own pace.
- Fast Payouts: Payouts can be requested every two weeks.
- Educational Support: Access to webinars, workshops, 1-on-1 coaching, and other educational resources .
- Wide Instrument Range: The5ers supports trading in forex, commodities, indices, cryptocurrencies, and energy markets .
What are The5ers’s disadvantages?
Here are the key disadvantages of The5ers:
- Account Suspension Issues: There have been reports of account suspensions due to accusations like copy trading, often without clear evidence or detailed explanations from the firm.
- Strict Daily Loss Limits: The firm enforces tight daily drawdown limits (typically 5%), which some traders feel are too restrictive and can lead to account closures even with minor fluctuations.
- Issues with KYC Verification: Some traders have experienced repeated issues with KYC verification, even after providing adequate documentation, leading to delays or denials of funded accounts.
- Lack of Refunds: Refunds are often denied once trading starts, even if technical or account issues arise.
- Spread and Slippage Complaints: A few users reported instances of spreads widening or slippage, especially during volatile events, impacting their trades negatively.
- High Swap Fees on Certain Assets: Traders have highlighted that holding positions overnight, especially in assets like Crude Oil, incurs high swap fees.
What is The5ers’s Pricing?
Here is a table outlining The5ers‘ pricing for each program:
| Account Type | Account Size | One-Time Fees |
|---|---|---|
| Bootcamp | $100K | $95 entry + $205 = $300 total |
| $250K | $225 entry + $350 = $575 total | |
| Hyper Growth | $10K | $260 |
| $20K | $450 | |
| $40K | $850 | |
| High Stakes | $5K | $39 |
| $20K | $165 | |
| $60K | $300 | |
| $100K | $495 |
These fees are one-time, with no recurring monthly costs.
Does The5ers offer price discounts?
Yes, The5ers grants discounts on its prices, ranging from 5% to 20%, including a 10% sale option. To receive these discounts, traders should use this The5ers discount link. The5ers don’t offer coupon codes, but the promo link automatically reflects the most recent discount available upon use. The5ers applied the discount instantly upon purchasing the evaluation.
Does The5ers allow multiple accounts?
Yes, The5ers allows traders to hold multiple accounts. Specifically, traders can have up to 3 High Stakes accounts, up to 4 Hyper Growth accounts (or the equivalent of a $40K account), and up to 3 Bootcamp accounts. This means a trader can combine different accounts across all programs but must stay within the maximum allowed for each type.
Does The5ers offer Free Trial?
No, The5ers does not offer a free trial. To access their trading accounts, traders must join one of their paid programs like Bootcamp, Hyper Growth, or High Stakes, which have one-time fees.
Does The5ers offer a swing trading account?
Yes, The5ers offers a swing trading account. Traders are allowed to hold positions overnight and over weekends, which is crucial for swing trading strategies. The account also allows trading during major news events, making it flexible for different trading styles. You can access these benefits through their Bootcamp, Hyper Growth, or High Stakes programs, each offering options suitable for swing traders.
How does The5ers work?
Here’s a step-by-step guide to how The5ers works:
- Access the Website: Visit The5ers.com and choose from various funding programs such as Bootcamp, Hyper Growth, or High Stakes.
- Select a Plan: Each plan has different fees and requirements. For example, Bootcamp starts at $95. Sign up for the program that suits your trading style and capital needs.
- Evaluation Phase: Traders start with an evaluation phase where they trade on demo accounts under real market conditions. Your goal is to meet profit targets while managing risk without breaching drawdown limits.
- Get Funded: Upon completing the evaluation successfully, traders receive a live funded account. The account size can scale up to $4 million, depending on performance.
- Trading Rules: The5ers allow flexible trading, including holding positions overnight, during weekends, and news events. Leverage typically ranges between 1:10 to 1:30.
- Scaling Up: As traders hit profit milestones, their accounts are scaled up incrementally. They also keep a percentage of the profits, starting at 50% and going up to 100%, depending on the plan.
- Requesting Payouts: Payouts are available bi-weekly once you’re funded. You can withdraw via bank transfers, cryptocurrencies, or The5ers Visa card, which can be either virtual or physical .
This process offers flexibility while allowing traders to access growing amounts of capital.
What are The5ers’s Rules and Objectives?
Here are The5ers’ key rules and objectives:
- Daily Loss Limit: Capped at 5% of starting equity or balance for most programs.
- Maximum Drawdown: Set at 10% of the initial account balance.
- Leverage Limit: Ranges from 1:10 to 1:30 depending on the program.
- Consistency Rule: Traders need to show steady profitability and follow risk management guidelines.
- Holding Over Weekends: Allowed for forex and metals, but high swaps apply for indices.
- Holding Over Major News Events: Allowed, but certain bracket strategies are prohibited.
- Hedging: Permitted as long as it doesn’t violate risk management rules.
- Scaling Plan: Accounts are scaled up after every 10% profit milestone, with profit splits rising up to 100%.
- Use of Expert Advisors (EAs): Allowed, but EAs that engage in arbitrage or copy trading are prohibited.
- Trading Style Restrictions: No restrictions on trading style, but practices like latency arbitrage and high-frequency trading are banned.
- Copy Trading: Copying trades from other accounts is forbidden unless it’s your own across multiple accounts.
Here is a table summarizing the key rules and objectives across The5ers’ major programs:
| Rule / Objective | Bootcamp | High Stakes | Hyper Growth |
|---|---|---|---|
| Daily Loss Limit | 3% for funded accounts | 5% of equity | 3% daily pause |
| Maximum Drawdown | 5% during challenges | 10% max loss | 6% stop-out level |
| Leverage Limit | 1:10 | 1:100 for forex | 1:30 |
| Consistency Rule | Must follow risk management rules | 3 profitable days required | No minimum trades needed |
| Holding Over Weekends | Allowed (forex and metals) | Allowed (high swap on indices) | Allowed (high swap on indices) |
| Holding Over News | Allowed except for bracket strategies | Allowed except 2 mins before/after | Allowed except for bracket strategies |
| Hedging | Permitted | Permitted | Permitted |
| Scaling Plan | Step up every 5% gain | Step up every 10% gain | Account doubles every 10% profit |
| Expert Advisors (EAs) | Allowed but no arbitrage | Allowed but no arbitrage | Allowed |
| Trading Style Restrictions | No restriction but no HFT | No restriction but no HFT | No restriction but no bracket trading around news |
| Copy Trading | Not allowed unless self-copying across accounts | Not allowed | Not allowed |
This table provides a quick comparison of the trading rules across the Bootcamp, High Stakes, and Hyper Growth programs, ensuring clarity on key rules like loss limits, leverage, and restrictions.
How does The5ers’s Drawdown work?
The5ers uses a drawdown system that ensures traders manage risk responsibly. Drawdown refers to the maximum allowable loss on an account before trading is stopped. For instance, in the Hyper Growth program, if your account starts with $10,000 and the maximum drawdown is 6%, you can’t let the account drop below $9,400. If you make profits and the balance grows to $10,300, the maximum drawdown increases to $900, so the new stop-out level is at $9,400 .
How does The5ers’s consistency rule work?
The5ers’ consistency rule requires traders to demonstrate steady performance while adhering to risk management rules. For example, in the Bootcamp program, a trader is expected to maintain disciplined trading by keeping losses within the set 2% limit per trade. If a trader opens a position without a stop-loss or risks more than 2%, it results in a violation. After five violations, the account is terminated . This rule ensures traders avoid large fluctuations and show consistent, controlled progress.
How does The5ers’s scaling plan work?
The5ers’ scaling plan allows traders to grow their account as they hit profit targets. For example, in the Hyper Growth program, when a trader achieves a 10% profit, their account balance doubles, and the profit split increases from 50% up to 100% over time. If a trader starts with a $20,000 account and earns $2,000 (10% profit), their account would double to $40,000.
What is The5ers’s leverage?
The5ers offers different leverage depending on the program. For example, in the High Stakes program, traders can use up to 1:100 leverage on Forex pairs. This means that with a $10,000 account, you could control trades worth $1,000,000. Other assets like metals or indices have lower leverage, such as 1:33 and 1:25.
Which trading platforms does The5ers use?
The5ers mainly uses the MetaTrader 5 (MT5) platform, which is available in desktop, web, and mobile formats. Traders can download MT5 directly through their dashboard after registering for an account. The mobile app is free on both Android and iOS platforms, and there are versions for HD apps on tablets as well. This platform is chosen for its advanced features and broader functionality compared to MT4, which The5ers has shifted away from in favor of MT5.
What brokers does The5ers use?
The5ers doesn’t use typical retail brokers. Instead, they work directly with commercial liquidity providers through pooled accounts. These accounts are managed by their internal risk department to ensure better trading conditions. The identities of these liquidity providers are kept confidential.
Does The5ers allow trade copiers?
The5ers allows trade copiers only for copying your own trades across multiple accounts. However, if you are managing multiple Bootcamp accounts, they must each be traded with different strategies to avoid violations.
Conclusion about The5ers
The5ers is a solid prop firm with various funding options and flexible trading conditions. One of the key strengths our Trading Funder team found is the unlimited time given to complete challenges, which takes a lot of pressure off traders. They also offer strong scaling plans that help traders grow their accounts over time. On the downside, we’ve noticed that their asset selection is limited, mainly focusing on Forex, metals, and indices. While The5ers is known for transparent payouts and solid support, traders looking for a wider asset range or higher leverage might feel restricted. At Trading Funder, we guide traders to find the best fit for their needs and offer consulting to help them make smart choices.
