About The5ers
The5ers is one of the oldest and most trusted prop firms in the whole prop firm space, The5ers was started in 2016. The5ers was founded by Gil Ben Hur who has been a day trader since 2007 and led by CEO Saul Lokier. The prop firms provide a total max capital funding of $615k in the start and overtime traders can scale their funding up to $4 million. The firm provides 3 types of challenge accounts, BootCamp, Hyper Growth and High-stakes. All three types of challenge accounts target different types of traders based on the trader’s skill. Not just that, The5ers also provides a scaling plans and educational resources like courses and live classes, which can help traders to learn and grow.
Company Information
Company Legal Name : FIVE PERCENT ONLINE LTD.
Company Registration Number : 12553363
Company Legal Address : 14 Haroshet st, Raanaa, Israel
Challenge Details:-
The5ers offers 3 types of Funding Program, BootCamp Program, Hyper-Growth Program and High-Stakes Program.
Bootcamp Program :
Prices :
$100,000 : $95
$250,000 : $225
Profit Target : 6%
Total Loss : 5%
Daily Loss : 0%
Profit Share : 50% and goes up to 100%
Drawdown Type : Static
Time Limit : Unlimited
Leverage : 1:10
Payout Frequency : 14 Days
Allows copy trading : Allowed
Min Trading Days : 0
Hyper Growth Program :
Prices :
$10,000 : $260
$20,000 : $450
$40,000 : $850
Profit Target : 10%
Total Loss : 6%
Daily Loss : 3%
Profit Share : 50% and goes up to 100%
Drawdown Type : Static
Time Limit : Unlimited
Leverage : 1:30
Payout Frequency : 14 Days
Allows copy trading : Allowed
Min Trading Days : 0
High Stakes Program :
Prices :
$5,000 : $39
$10,000 : $165
$20,000 : $300
$40,000 : $495
Profit Target(Phase 1) : 10%
Profit Target(Phase 2) : 5%
Total Loss : 10%
Daily Loss : 5%
Profit Share : 80% and goes up to 100%
Drawdown Type : Static
Time Limit : Unlimited
Leverage : 1:30
Payout Frequency : 14 Days
Allows copy trading : Allowed
Min Trading Days : 0
Scaling Plan :-
For Bootcamp Program : When Funded, Everytime trader makes 5% Profit , their account size will be increased by 5% on their initial balance and traders can keep scaling up their account until they reach the maximum capital of $2 million.
For Hyper Growth Program : After being funded, Everytime a trader makes 10% profit, their account size increases by double or 100% in funding and with this scaling plan, trader can grow their account to as big as $4 million.
For High Stakes Program : In High Stakes Program, Scaling plan works differently for each account size, When a trader is funded with $5000 and $20000 account, their account size will increase by 50% of the initial balance if they make at least 10% profit.
For $60000 account, the account size will be increased by $10000 everytime they make 10% profit.
For $100000 account, the account size will increase by 25% until the account balance reaches $200000 then the account size will increase by 25% of $200000. Reaching to the maximum of $500000. After reaching to $350000 account size, the traders will also get $4000 salary and at $500000, the traders will get $10000 in salary.
Spreads :
In major currencies, the spreads are from 0.2 Pips to 0.9 Pips.
News Trading Rules :
News trading is allowed in Bootcamp and Hyper Growth.
But in the High Stakes Program, Executing trades before and after 2 minutes of a high impact news is not allowed. Any profit that will be made in this 4 minute time window will be removed and any loss that has happened in this time will be the trader's responsibility.
Although, Holding a trade throughout a high impact news is not allowed.
Other Things to keep in mind:-
How is daily drawdown calculated :-
For Bootcamp Program : For Bootcamp program, there is no daily drawdown.
For Hyper Growth Program : For Hyper Growth Program, Daily Drawdown is calculated based on Static Drawdown which means that the loss limit will not change stay at 3% of the initial balance.
For Hyper Stakes Program : For Hyper Stakes Program, The Daily Drawdown is based on EOD balance or End-of-Day balance, The drawdown limit will recalculate based on equity or balance whichever is higher at the end of the day and make a new daily drawdown limit.
Countries Banned from Purchasing :-
There are few countries which are not allowed to purchase The5ers program due to regulations and these countries are United States, Afghanistan, Burundi, Central African Republic, Cuba, Congo Republic, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iraq, Iran, Israel, Laos, Liberia, Libya, Myanmar, North Korea, Palestinian Territory, Papua New Guinea, South Sudan, Sudan, Somalia, Syria, Vanuatu, Venezuela, Yemen.
Strategies that are not allowed :-
- Third-Party EA
- Tick Scalping
- Hedge Arbitrage Trading
- Reverse Arbitrage Trading
- Stealth Mode Stop-Loss
- Arbitrage Trading
- High-Frequency Trading
- Bracketing Strategy Around High-Impact News
- Copy Trading with Other Traders or Accounts
- One-Sided Bets
Payout Methods :-
The5ers provide 3 main Payout methods,
- Riseworks
- The5ers Visa Card
- Cryptocurrencies
Trading Commissions :-
Commissions are set to 4$ per lot.
IP Rules :-
The5ers allows having multiple IP address but those IP address must be in the same location and traders will have to keep in mind that traders are not allowed to open a trade at the same time from different IP address.
Max Allocation :-
Traders can purchase more than one challenge accounts but these accounts must be in the orders given below :
Traders are allowed to have 3 High-Stakes accounts, 4 Hyper Growth accounts, and 3 Bootcamp accounts.
For High Stakes Program : Traders are allowed to purchase 1X $5K account + 1X $20K account + any other account ($60K or $100K).
For Hyper Growth Program : Traders are allowed to have 1X $20K account + 1X $10K account + 2X $5K accounts.
For Bootcamp Program : Traders are allowed to buy 1X $250K account + 2X $100K accounts.
There is one extra thing that trader must keep in mind that both of these bootcamp accounts must have a different trading style.
