In this review, we'll explore The 5%ers, a prop trading firm that offers funding opportunities to futures traders. The 5%ers aims to provide real capital to successful traders, allowing them to profit while growing their trading careers. With a focus on daily withdrawals and no minimum trade days, The 5%ers stands out in the competitive prop trading landscape.
About The 5%ers
The 5%Ers is an Israeli-based forex prop trading firm founded in 2016 by Gil Ben Our and Snir Achiel, two successful forex traders who recognized the need for traders to scale their accounts. The company stands out from its competitors by operating with complete transparency, allowing traders to track their progress throughout the funding challenge. The 5%Ers offers funding of up to $20 million to traders who can demonstrate consistent profitability in the markets.
The 5%ers offer 3 different challenges, Bootcamp, High-Stakes and Hyper Growth and we suggest taking a look at their website to find out which program would most suit you.
What's Unique about The 5%ers?
What Makes The 5%Ers Unique?
Funding Opportunities: With capital allocation up to $20 million, The 5%Ers stands as one of the largest funding providers in the forex industry. This significant funding potential allows traders to enhance their exposure in the markets and potentially earn higher profits.
Transparent and Risk-Free Funding: The 5%Ers sets itself apart by offering full transparency throughout the funding process. Traders have access to the company's journey and growth on their website. Moreover, once funded, traders face no personal risk as they retain up to 100% of the profits.
Account Doubling: The 5%Ers implements a unique account scaling approach called Hyper Growth. For every milestone achieved, the company doubles the trader's account balance, facilitating faster account growth and the potential to reach the $4 million funding goal.
Pros and Cons of The 5%ers
Pros:
Access to substantial funding up to $20 million.
No personal risk once funded, allowing traders to focus on profitability.
Account funding doubles at each milestone, accelerating account growth.
The company maintains an excellent reputation and operates with transparency.
Traders have the flexibility to withdraw funds whenever they choose.
Cons:
The funding process requires passing a performance-based challenge, which may not be suitable for all traders.
The MetaTrader 4 platform, while functional, is outdated for chart analysis. TradingView can be used for enhanced charting capabilities.
Traders who prefer lower risk may find the higher risk option less suitable due to the higher return targets.
The Final Score
In conclusion, The 5%ers offers a range of programs tailored to traders with different risk appetites and goals. The Bootcamp program serves as a reasonable starting point, with a relatively low cost and straightforward challenge structure. While the profit split may remain on the lower end until reaching $2 million, it provides a stepping stone for traders to prove themselves.
For those seeking faster account growth, the Hyper Growth Program presents an enticing option. Although it requires a larger upfront cost, the account doubles with every 10% profit achieved. Moreover, the profit split structure becomes more attractive, transitioning to 100% profits at a lower account size compared to the Bootcamp program. This program could be particularly appealing to traders confident in consistently achieving high profit targets.
The High Stakes Program offers unique advantages but comes with a more complex challenge. Starting with an 80% profit split, it transitions to 100% profits quicker than the Bootcamp program. Additionally, the program includes an additional monthly salary as a unique incentive. However, it's worth noting that the potential for account growth is capped, which may be seen as a drawback. Nonetheless, compared to other platforms like FTMO, The 5%ers still outperforms in terms of account growth speed.
While each program has its strengths and weaknesses, The 5%ers stands as a reputable prop trading firm with opportunities for traders to prove their skills and achieve substantial profits. The different programs cater to various trading styles and ambitions, ensuring there is an option suitable for each trader's preferences.
Overall, The 5%ers' comprehensive offerings, coupled with its focus on trader development and growth, make it a compelling choice for experienced traders seeking access to capital and a supportive trading environment.
Getting Started
To get started with The 5%ers, follow these steps:
Click here to visit The 5%ers Website and automatically claim your Prop Up Trading Discount
Explore the features and benefits and program types.
Sign up for a Tier 1 account by paying a one-time fee. This account will assess your trading personality and skills.
Choose between the low-risk or aggressive program based on your trading preferences and experience.
Meet the profit goals and account rules set in Level 1 to qualify for a fully funded account and increase your trading capital.
Receive your first payment and trade contract upon successfully reaching Level 1 goals, becoming an official Funded Trader partner.
Remember to refer to the official website and terms provided by The 5ers for detailed information and updates.
Disclaimer: Trading and investments involve significant financial risks, and it is important to do thorough research and seek professional advice before engaging in any trading activities. The step-by-step guide provided here is for informational purposes only and should not be considered as financial advice.
