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| Field | Value |
|---|---|
| Legal Name | FIVE PERCENT ONLINE LTD |
| Corporation Number | 515864007 |
| Country | Israel |
| Field | Value |
|---|---|
| Legal Name | FIVE PERCENT ONLINE LTD |
| Company Number | 12553363 |
| Country | United Kingdom |
The 5%ers is a prop firm based in Israel. It was established on April 9, 2023, and can be contacted through their official email address at [email protected]. The firm offers traders the opportunity to participate in the Two Phase Challenge. Traders can use the MT5 trading platform and have the option to make payments using cryptocurrencies, Paypal, or Paysera. Withdrawals can be made through Deel, crypto, or bank transfer. The 5%ers works with the broker Eightcap.
The Two Phase Challenge consists of Phase 1 and Phase 2, each with specific rules and targets. In Phase 1, traders start with a funded account of $25,000 and must achieve a 10% profit target within 30 days. The maximum drawdown allowed is 20%, and the maximum leverage for traders is 1:100. There are no monthly fees for the funded account in Phase 1.
If traders successfully complete Phase 1, they qualify for Phase 2. In Phase 2, traders start with a funded account of $25,000 and have 60 days to reach a 20% profit objective. The permitted drawdown can go as high as 30%, and the maximum leverage remains at 1:100. However, the funded account in Phase 2 has a monthly charge of $100. Failing to complete Phase 1 disqualifies traders from participating in Phase 2.
The trading times for the challenge are from Sunday at 5 p.m. (EST) until Friday at 5 p.m. (EST). Traders have access to major currency pairs, certain smaller currency pairs, and commodities for trading. Risk management is emphasized, with traders required to keep their overall risk per trade to no more than 2% of their account balance. Traders are allowed to use any trading technique that adheres to the challenge’s criteria.
The 5%ers provides scaling opportunities for traders who meet certain criteria. To be eligible for increased trading capital, traders must maintain a profit factor of at least 1.5 and not exceed a maximum drawdown of 20%. They must also trade at least 100 times per month. Scaling amounts depend on traders’ performance, with successful traders potentially being scaled up to a $250,000 account or higher.
High-Frequency Trading (HFT), copy trading, hedging, and the use of Expert Advisors (EA) are not allowed at The 5%ers. Customer support is available through Live Chat and Twitter. The firm does not offer free trials, organizes competitions, or provide free retries. Traders from Russia are banned from participating in The 5%ers’ programs.
