The 5ers Review 2024
Website: www.the5ers.com
Min. Deposit: US$ 39
Leverage: 1:100
Trading Platforms: MT5
Regulation: Israel
Headquarters: Israel
Founded: 2016
Regulatory Licenses:
- FIVE PERCENT ONLINE LTD — registered in Israel company id 894500CK24MUEFQG0E92
- FIVE PERCENT ONLINE LTD — registered in UK company number 12553363
Updated on January 25, 2024
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In order to provide an accurate and comprehensive review of forex brokers, our methodology involves a detailed analysis based on a set of criteria designed to evaluate the broker's performance, reliability, and overall user experience. This includes an in-depth examination of their trading platforms, account types, fee structures, customer service quality, regulatory compliance, and educational resources. We compare these features against industry standards and conduct comparative analysis with over 1000 brokers to ensure our reviews are both thorough and unbiased. Feedback from active users and our own experiences with the brokers also play a crucial role in our evaluation process. Our goal is to furnish traders with all the information they need to make informed decisions about which forex broker best suits their trading needs.
The 5ers is a unique forex funding and trading development program that offers traders the opportunity to access significant trading capital upon successfully passing their evaluation process. Unlike traditional brokers, The 5ers focuses on identifying talented traders and providing them with the financial backing to trade on global markets. The program is designed to support traders in their professional growth by offering a structured pathway, which includes risk management education, trading plan development, and performance analysis. By partnering with The 5ers, traders can potentially accelerate their careers without the need to risk their own capital.
Pros
Competitive profit sharing structure
No initial investment required from traders
Comprehensive educational resources and support
Transparent evaluation process
Cons
Limited to forex and CFD trading
Strict evaluation criteria and trading objectives
In today's competitive forex trading landscape, The 5ers stands out as a unique proposition for traders seeking to leverage their skills without risking their own capital. The 5ers is a funding and growth program designed to find talented forex traders and provide them with the capital they need to trade. By passing The 5ers' rigorous evaluation process, traders can secure a funded trading account, making it an attractive option for those looking to break into the forex market or expand their trading activities.
The Pros
A unique opportunity for traders to get funded without risking their own money
A rigorous evaluation process ensures only skilled traders are funded
Offers a clear growth path with increased funding levels based on performance
Cons
The evaluation process can be challenging and may not suit all trading styles
The 5ers Challenge is the gateway for traders to prove their expertise and earn a funded account. Participants must meet specific trading objectives within a set timeframe while adhering to strict risk management rules. This challenge is designed to mimic the pressures and opportunities of real-world trading, providing a comprehensive test of a trader's skill, discipline, and profitability.
Pros
Provides a realistic trading environment to test skills
Clear objectives and criteria for progression
Cons
The challenge can be demanding, with strict rules and objectives that may not align with all trading strategies.
Upon successfully completing the test or challenge, a trader’s Funded Account will be established, which usually takes a few business days to activate. It’s important to note that the account conditions and balance will mirror those of the test you qualified for. If you wish to upgrade to a higher-grade account, you will need to undergo the test again from the start for the specific Account Balance you aim to trade with.
Profit Split
At The 5ers a trader’s profit split will be 80% based on the profits made on their funded account. This percentage can increase up to 100%, if the trader qualifies for a certain scaling level.
The 5ers Hyper Growth Program
The 5ers’ instant funding program enables traders to bypass the evaluation process and begin earning immediately. The key focus for traders in this program is to adhere to the 3% daily pause and 6% maximum loss limits. There’s no requirement for maximum trading days to complete level 1. Traders can earn profit splits ranging from 50% to 100%, based on their trading profits, while utilizing a 1:30 leverage.
When evaluating Proprietary Trading Firms, we thoroughly examine their account conditions. This includes a review of the available account types, trading platforms, financial instruments, and associated trading costs. We also assess the leverage options and trading conditions they offer. It’s crucial to understand any restrictions on trading strategies or practices in funded accounts, as non-compliance can lead to account loss, necessitating a retest to regain access. The detailed breakdown below offers more insights:
Trading Instruments
The 5ers offers a wide range of financial instruments for trading, providing traders with the opportunity to diversify their strategies across different markets.
The 5ers Commission
In evaluating the commission or spread on trades, we found that the conditions at The 5ers are quite favorable. The firm charges a commission of $4 per lot for each instrument.
Leverage
The 5ers provides the option to use leverage in trading accounts for those who become funded traders. The leverage offered is up to 1:100, varying based on the funding program and the type of instrument being traded.
The 5ers App Platform
The 5ers offers a proprietary trading platform app that is easy to use and provides traders with all the necessary tools for successful trading. The app supports various trading styles and strategies, making it a versatile choice for traders.
Trading Conditions
Our research shows that The 5ers provides two types of account conditions: Swap Accounts, which are suitable for swing trading, and Swap-Free Accounts, available in all challenges. The latter is designed for traders who prefer to avoid overnight charges.
The 5ers allows popular trading approaches such as News Trading, Swing Trading, EA (Expert Advisor) Trading,, and Weekend Holding. Overall, this proprietary firm does not place any restrictions on trading strategies, which is a significant advantage for traders.
The 5ers Promotions
The 5ers frequently offers promotions and bonuses to both new and existing traders. These promotions are designed to provide traders with additional leverage or trading capital, enhancing their trading opportunities.
Withdrawal Method
Our research indicates that The 5ers offers a variety of deposit and withdrawal options, including Bank Wire, as well as credit/debit cards such as Visa, MasterCard, Maestro, and American Express.
For traders looking for alternatives to The 5ers, there are several other proprietary trading firms to consider. These firms offer different funding programs, trading conditions, and profit splits, providing traders with a range of options to suit their trading style and goals.
