Overview of The 5ers Prop Firm

The5ers is a top prop trading firm that gives traders a chance to grow their skills and capital in a supportive environment. Founded in 2016, The5ers offers different challenges for traders of all levels. With great funding options and trader-friendly policies, The5ers is changing the way people trade in the financial markets.

Company Name and Legal Details

The5ers operates as FIVE PERCENT ONLINE LTD. It’s registered in Israel with the number 515864007 and in the United Kingdom with the number 12553363. This global setup allows The5ers to work with traders from around the world. The5ers is operated by Saul Lokier, who is also the CEO. Under his guidance, the company has become well-known in the trading world for its unique funding models and focus on helping traders succeed.The5ers is based in Ra'anana, HaMerkaz, Israel, but it serves traders globally, offering various trading programs and funding opportunities.

The5ers Trading Challenges

The5ers offers three main trading challenges to help traders improve their skills and get funded. These challenges—Bootcamp, HyperGrowth, and High-Stakes—each have their own rules and targets, making them suitable for different trading styles and risk levels.

Bootcamp Challenge :-

The Bootcamp Challenge is perfect for traders who want a low-cost way to start prop trading. The goal is to reach a 6% profit target while keeping losses under 5%. This challenge is great for those looking to build their trading skills without taking on too much risk.

Profit and Risk Limits

In the Bootcamp Challenge, you need to reach a 6% profit target, and your losses can’t exceed 5%. There’s no daily trading limit, so you can trade as much as you need to meet your goals.

Account Sizes and Leverage

The Bootcamp Challenge offers accounts of $20,000, $100,000, and $250,000 with a leverage of 1:10. This means you can control a larger amount of money than what’s in your account, giving you more opportunities to grow your profits.

How It Works

This challenge has three phases, with the same profit targets and risk limits in each phase. As you progress, you gain more confidence and skill in trading.

Hyper Growth Challenge :-

The Hyper Growth Challenge is designed for traders who like to move fast and take advantage of high leverage. With a 10% profit target and leverage of 1:30, this challenge is for those who want to see big returns quickly.

Profit and Risk Limits

To succeed in the Hyper Growth Challenge, you need to reach a 10% profit target while avoiding a 6% loss. There’s also a 3% daily trading pause to help manage risk, and there’s no time limit, so you can trade at your own pace.

Account Sizes and Leverage

The Hyper Growth Challenge offers account sizes of $10,000, $20,000, and $40,000 with a leverage of 1:30. This high leverage lets you trade with much more money than you have in your account, which can lead to higher profits.

Special Features

One of the best parts of the Hyper Growth Challenge is that you can keep up to 100% of the profits you make. This makes it a great choice for skilled traders looking to maximize their earnings.

High-Stakes Challenge :-

The High-Stakes Challenge is for traders who are confident in their strategies and ready to take on bigger risks for bigger rewards. With no time limit and specific profit targets, this challenge is meant for experienced traders.

Profit and Risk Limits

To pass the High-Stakes Challenge, you need to reach an 8% profit target in Phase 1 and a 5% target in Phase 2. The maximum daily loss allowed is 5%, and the overall loss limit is 10%.

Account Sizes and Leverage

The High-Stakes Challenge offers accounts of $5,000, $20,000, $60,000, and $100,000 with a leverage of 1:30. This gives you plenty of room to grow your account.

Special Features

The High-Stakes Challenge offers an unlimited trading period, so there’s no rush to meet your targets. You also need to have at least three profitable days to pass, which helps ensure consistency in your trading.

Key Benefits of Trading with The5ers

The5ers offers several benefits that make it a top choice for traders. These include better funding options, flexible trading rules, and a unique system that rewards you for your success.

Better Funding Options

With The5ers, you can trade with up to $4,000,000 in capital, giving you the chance to earn much more than you could on your own.

Flexible Trading Rules

The5ers lets you trade overnight and on weekends for forex and metals, and you can also use automated trading systems (algos) and trade around news events. This flexibility means you can trade the way that works best for you.

Earning and Growth Opportunities

One of the best things about The5ers is that you can double your funded account size at each milestone. Plus, profit payouts don’t reduce your account balance, so you can keep growing while earning money.

What Assets You Can Trade

The5ers allows you to trade a wide range of assets, including forex, metals, indices, commodities, and cryptocurrencies. This variety helps you diversify your trades and find the best opportunities in different markets.

Trading Platform and Tools

MT5 Trading Platform

The5ers uses the MetaTrader 5 (MT5) platform, which is popular among traders for its advanced features and easy-to-use interface. MT5 offers fast market execution, low spreads, and many tools to help you trade effectively.

Execution and Spreads

With The5ers, you get some of the best spreads in the industry, starting as low as 0.2 pips on major currency pairs. The commission is $4 per standard lot, which makes trading cost-effective, especially for those who trade in high volumes.

Risk Management Tools

The5ers offers a variety of tools to help you manage your risk, including real-time trading notifications, risk management education, and personal coaching. These resources help you stay disciplined and protect your capital.

Learning Resources and Support

Prop Trading Course

The5ers provides a Prop Trading Course that helps you create a solid trading plan, adapt your strategies to their rules, and improve your trading mindset. This course is free for all traders who join The5ers and is designed to take your trading to the next level.

Webinars and Live Trading Events

The5ers hosts regular webinars and live trading events on topics like supply and demand, scalping, swing trading, and risk management. These events are a great way to learn from experts and connect with other traders.

Daily Trading Room

The5ers offers a daily live trading room where traders can join four times a week to analyze markets, share ideas, and get feedback from other traders and mentors.

Community and Networking Opportunities

The5ers has a strong trader community where you can connect with others, share insights, and learn together. You also get access to exclusive resources like a private Discord channel and community trading ideas.

Managing Risks and Trading Practices

Allowed and Not Allowed Trading Practices

The5ers has clear guidelines on what trading practices are allowed and which are not. While they support a wide range of strategies, practices like arbitrage trading, tick scalping, and account sharing are not allowed. Following these rules is important to maintain your account.

Risk Management Guidelines

Traders with The5ers are expected to follow certain risk management guidelines, including limits on leverage and position sizes. These rules help ensure that you can trade safely and aim for long-term success.

Payment and Payout Methods

The5ers offers several payment methods, including direct transfers, credit cards, and cryptocurrencies. Payouts can be made through virtual debit cards or crypto withdrawals, giving you flexibility no matter where you are.

Conclusion

The5ers is a leading prop trading firm that offers traders a chance to grow their skills and capital in a supportive environment. With various challenges, plenty of resources, and a strong community, The5ers is a great place for traders of all levels. Whether you’re just starting out or have years of experience, The5ers has something to help you succeed.