The 5%ers Review [2024] - Safe Prop Firms (2024)

The 5%ers Overview

The 5%ers, a proprietary trading firm, offers traders an opportunity to access significant trading capital, potentially up to $4 million. Known for its unique funding model, The 5%ers provide a platform for skilled traders to showcase their talent and benefit from generous profit-sharing schemes, educational resources, and various funding programs. This review delves into the specifics of what The 5%ers offer, their educational resources, and the steps to getting started with them.

How to Start Trading with The 5%ers

1. Sign Up: Visit The 5%ers’ website and create an account.
2. Choose a Program: Select from their funding programs – Hyper Growth, High Stakes, or Bootcamp.
3. Undergo the Evaluation: Depending on the chosen program, fulfill the requirements of the evaluation phase, which might involve achieving certain profit targets and adhering to risk management rules.
4. Get Funded: Upon successful completion of the evaluation, access the trading capital as per the program’s specifications.
5. Start Trading: Utilize the educational resources and trading capital to start trading and earning profits.

Types of Funding Programs Offered by The 5%ers

The 5%ers Accounts Evaluation Programs

The 5%ers offers a multifaceted assessment program for traders. The low-risk assessment is designed for cautious traders, requiring them to maintain a 6% net margin while avoiding a 4% drawdown. For more seasoned traders, the deep risk assessment program offers substantial benefits but demands a higher net return of 8%.

Upon successfully meeting the evaluation criteria, traders are eligible for a fund account, allowing them to trade The5ers’ capital risk-free. This includes 100% access to the funds in the account, a 50% profit share with a 10% growth target, and zero risk to their own capital.

About The 5%ers’ Financing Program

The funded account program is hosted on the Metatrader5 platform, offering traders real money and funded trading accounts for live market action. This program enables traders to generate real profits and demonstrate responsible fund management. The Capital Funding team provides the initial funds for the Level 1 process, focusing on protecting funds and accounts from potential losses.

Targets and Payouts

When traders achieve their profit targets, their account is closed and profits are automatically disbursed at the end of the subsequent month. Successful traders are then appointed as Portfolio Manager Partners and given a new Forex account with higher capital, mirroring their previous Level 1 program choice.

Payment Procedure

Profits are paid out in the next payment cycle once the target is reached. If there are open positions when the deadline expires, the account is closed immediately. Traders receive their earnings post-closure if the account balance is positive.

Account Closure Policy

The5ers evaluates traders thoroughly and closes Level 1 accounts that exceed the maximum stop rate. Profitable traders are compensated in the following payment cycle.

The 5%ers’ Account Options

The account types at The 5%ers vary in capital and risk. After completing the first level, a trader’s capital is quadrupled, and with each successive level, it doubles. The risk structures cater to different investor strategies:

• Risk Manager Program: Ideal for disciplined traders who prefer a relaxed challenge, requiring a 6% net profit gain, a 4% maximum loss limit, mandatory stop loss, and up to 6:1 leverage. The account doubles at a 10% net gain.
• Aggressive Trader Program: Suited for freestyle traders, offering high leverage up to 30:1 without mandatory stop loss. Level 1 funded accounts need a 12% net profit, and higher levels require a 25% net profit to double the account.

Growth Schedule

The three levels of funded capital accounts are available in both low-risk and aggressive programs:

• Low Risk Program: Offers different initial balances, milestone targets, maximum losses, leverage, and maximum stop loss amounts, starting from a Funded Trader LV 1 account with a $20,000 initial balance to a Funded Trader LV 6 account with a $1,280,000 balance.
• Aggressive Program: Similar structure as the low-risk program but with different milestone targets and no required maximum stop loss.

Profits and Withdrawals

Traders receive a 50% share of all profits. After the first phase, their share is transferred to a new account. Withdrawals can be requested anytime post the second phase. Payments up to $1,000 are made via PayPal, and higher amounts through bank transfer via TransferWise. One fee-free payment is allowed per month, with a minimum fee of $15 or 3% for additional withdrawals.

$100K Bootcamp – New Trading Program

The5ers introduces a low-entry-cost challenge, where traders demonstrate their skills and pay for subsequent phases only after passing. The challenge includes three demo trading stages, with varying initial balances, loss limits, and profit targets. Successful completion of these stages leads to live trading phases, offering up to 80%/20% profit split, 1:10 leverage, and the ability to manage multiple accounts at different funded levels.

Becoming a 100k Trader

To reach this level, traders should limit risk per trade, be patient, focus on a series of trades, avoid over-trading, and monitor their thoughts and emotions.

Training and Support Plan

The5ers offers professional advice, trading insights, risk management tips, educational articles, and a community of Forex traders. The website features a comprehensive blog, free trading courses, webinars, live events, and workshops to educate and network traders globally.

Hyper Growth Program

The Hyper Growth Program is The5%ers’ standout offering, designed for traders who wish to dive straight into live trading with instant funding. This program is particularly appealing for its straightforward approach and the lucrative profit-sharing model.

• Program Structure: Traders begin with 50% of their chosen account size, starting as low as $10k and going up to $40k. The program’s flexibility is seen in its upgrade system, where traders can escalate to higher account levels upon securing a 10% profit.
• Leverage and Limits: The leverage offered is up to 1:30. Traders need to be mindful of a 3% daily pause limit and an overall stop-loss level of 6%, which safeguards both the trader and The5%ers from excessive losses.
• Profit Sharing and Growth: The program boasts a varying profit share, starting from a 50/50 split and potentially reaching up to 100% for the trader. This lucrative aspect is balanced by the challenges of trading within the set risk parameters. The account can grow up to $4M, with opportunities to trade news and carry positions over the weekend.

High-Stakes Challenge

The High-Stakes Challenge caters to traders who prefer working under higher leverage and are confident in their trading abilities to meet stricter profit targets. This two-step program requires traders to clear a set of objectives before accessing funded accounts.

• Evaluation Process: The initial step demands an 8% profit achievement, after which traders progress to Step 2. The second step lowers the profit target to 5%, but includes stringent loss limits to test the trader’s risk management skills.
• Profit Share and Account Upgrades: Once successful, traders enjoy a refund of their initial fee and enter into a profit-sharing arrangement favoring the trader, with shares ranging from 80% to 100%. Each 10% profit milestone achieved results in the account size doubling, offering exponential growth potential.
• Flexibility and Rewards: The High-Stakes Challenge is notable for its blend of high reward and high risk, making it ideal for traders who thrive under pressure and are skilled in leveraging their trades.

Bootcamp Program

The Bootcamp Program is designed as a low-cost entry point for traders to demonstrate their skills over three challenge phases. This program focuses on building consistency and discipline, essential traits for successful trading.

• Three-Phase Challenge: Starting with a $100K demo account, traders progress through three phases, each with increased account balances and profit targets. The program emphasizes steady growth and consistent performance.
• Transition to Funded Trading: Successful completion of the three phases leads to a real funded trading account. Although there’s no profit split during the challenge phases, the final funded account offers up to 100% profit share, rewarding the trader’s perseverance and skill.
• Cost and Time Flexibility: The Bootcamp Program’s costs are staggered, with an initial fee for the demo challenges and a final payment upon qualification for the funded account. Traders have unlimited time to complete the stages, though inactivity beyond 14 days leads to account expiry.

Cost and Investment Structure of The5%ers Programs

Each funding program at The5%ers has a distinct cost structure, reflecting the level of access and potential rewards they offer.

• Costs for the Bootcamp Program: This program requires a modest initial fee for the demo account challenges. Upon successfully completing these, a final payment secures the trader’s spot in the fully funded program.
• High Stakes Program Fees: The fees for the High-Stakes Challenge vary based on the chosen account size, starting from the lower end for smaller accounts and increasing for larger ones. This one-time fee covers both evaluation steps.
• Hyper Growth Program Investment: The instant funding option of the Hyper Growth Program commands a higher fee, justified by the immediate access to live trading and attractive profit-sharing terms. This fee is a one-time investment, with no monthly charges.

Each of these programs is tailored to different trader profiles, from those seeking immediate live trading opportunities to those who prefer a more gradual, challenge-based approach. The5%ers’ unique structure allows traders to select a program that best suits their trading style and risk tolerance, providing a platform for growth and substantial earnings in the forex market.

Trading Instruments and Platforms

The 5%ers provide access to a wide range of trading instruments including Forex pairs, various global indices, and precious metals. The firm supports trading on popular platforms like MetaTrader 4 and 5, known for their robustness and array of trading tools.

Educational Offerings and Resources

Education is a strong suit of The 5%ers. They offer:

• Webinars and Workshops: Covering various trading strategies, market analysis, and trading psychology.
• Proprietary Trading Courses: Designed to enhance trading skills and knowledge.
• Personal Coaching: For individualized learning and strategy development.

Is The5%ers Legit?

The legitimacy of The5%ers as a prop trading firm can be established by considering various factors that contribute to its credibility. First and foremost, The5%ers have built a reputation for being a reliable platform for traders looking for funded accounts. This reputation is underpinned by a track record of clear operational models and transparent terms, which is essential in the trading community. While they may not heavily publicize their regulatory compliance details, their adherence to standard financial practices and professional interactions with traders suggest a strong commitment to following industry norms and regulations.

What Do We Think About The5%ers?

In evaluating The5%ers, there are several aspects that stand out positively. The platform’s trader-centric approach is particularly noteworthy. It places a strong emphasis on nurturing traders’ skills and discipline, which aligns well with the professional ethos of trading. This approach is beneficial not just for the platform but also for the traders who are looking to develop their careers sustainably.

Greater transparency in regulatory matters and a more diverse range of asset classes would enhance its appeal and trustworthiness. But overall, The5%ers is a reputable and reliable prop trading firm, offering a balanced and practical platform for both emerging and experienced traders seeking funded opportunities in the trading world.

Our Rating: 4.5/5

Closing Remarks

The 5%ers present an appealing proposition for traders who are confident in their skills and are looking for high capital access with beneficial profit sharing. The firm’s commitment to trader education and development, combined with a variety of funding programs, makes it an attractive choice for both new and experienced traders. However, the challenge lies in navigating through the competitive selection process and understanding the specific requirements of each funding program.

With The 5%ers, traders have the opportunity to leverage their skills to manage substantial funds, benefit from comprehensive educational resources, and potentially earn a significant income through trading. It’s an exciting prospect for those committed to mastering the art of trading and willing to adhere to the firm’s rigorous standards and expectations.

FAQs

1. What is the initial process to start trading with The 5%ers?

• To start trading with The 5%ers, you first need to sign up on their website, choose from their funding programs (Hyper Growth, High Stakes, or Bootcamp), and then complete the evaluation phase, which involves meeting certain profit targets and risk management rules.

2. What types of funding programs does The 5%ers offer?

• The 5%ers offer various funding programs including low-risk and deep risk assessment programs. Successful completion of these programs leads to eligibility for a funded account with benefits like 100% access to funds, a 50% profit share, and zero risk to personal capital.

3. How does The 5%ers’ profit sharing and payout work?

• Once traders achieve their profit targets, their account is closed, and profits are disbursed at the end of the following month. Successful traders are then appointed as Portfolio Manager Partners and given a new Forex account with higher capital.

4. What educational resources does The 5%ers provide?

• The 5%ers offer a range of educational resources including webinars, workshops, proprietary trading courses, personal coaching, and a comprehensive blog. These resources cover various aspects of trading and are designed to support traders at different skill levels.