Advertising Disclosure
Updated:
Leverage: 1:100
Regulation: Israel
Min. Deposit: $39
HQ: Israel
Platforms: MT5
Found in: 2016
The 5ers Licenses:
The 5ers is a reputable proprietary trading firm established in 2016 and based in Israel. The firm is recognized for offering quick funding, rapid account scaling, excellent trader support, and educational resources to its traders. It operates as a Funded Trading Company and Growth Program, focusing on Forex trading. Read more about Prop Trading here
As a proprietary trading firm, The 5ers offers funded trading accounts to selected traders. The firm’s model is based on funding the elite top 5% of traders, providing investors with the opportunity to trade using these Funded Accounts. In return, the firm receives a fraction of the profits made by these traders. This approach allows traders to capitalize on the resources and opportunities provided by The 5ers, which can be a significant advantage in the fast-paced world of forex trading
| The 5ers Advantages | The 5ers Disadvantages |
|---|---|
| Lower Profit Target | No Strict Overseeing |
| Good Pricing | It is hard to become Funded Trader |
| Great variety of Balances with Low Registration Fees | Limited Instrument Range |
| Profit Share from Challenge | Only MT5 Platform |
| MT5 with EAs | |
| Refundable Fee once you become Funded Trader | |
| Good range of Programs | |
| Low-entry cost Bootcamp challenge |
The 5ers, headquartered in Israel and with a subsidiary in the UK, maintains a secure reputation, partly due to its operations within an EU nation known for precise financial management. This positioning contributes to The 5ers’ stability compared to other firms in the industry, supporting its legitimacy as a proprietary trading firm.
We reviewed the official information available on The 5ers’ website and found no evidence suggesting that the company is a scam. However, due to the generally low level of regulation for Proprietary Trading Firms by financial authorities, it’s challenging to definitively categorize the true nature of such a firm as either a scam or legitimate.
Our professional advice is to thoroughly understand Prop Trading and its associated risks before choosing a company. Opt for firms with a solid reputation and a longstanding operation, as this often indicates greater stability. Additionally, since involvement in Prop Trading typically involves paying subscription fees rather than investing large sums of money, the potential financial losses are generally lower compared to trading with your own funds. Read about Real Forex Trading
| Fees | The 5ers | E8 Funding | The Funded Trader |
|---|---|---|---|
| Minimum Account Size | $5,000 | $25,000 | $50,000 |
| Fee | $39 | $228 | $289 |
| Maximum Account Size | $100,000 | $250,000 | $400,000 |
| Fee | $495 | $988 | $1,869 |
| Reset or Test Retake | Yes | Yes | Yes |
| Is Fee Refundable? | Yes | Yes | Yes |
The maximum daily loss represents the highest loss a trader can incur in a single day before breaching the account’s terms, set at 5% for all account sizes. Similarly, the maximum loss is the total loss limit a trader can reach across their trading activity before the account is considered violated, with this threshold set at 10% for all account sizes.
The 5ers does not enforce a minimum trading period for completing its evaluation levels. Traders can complete Level 1 as soon as they reach the profit target, without any requirement for a specific number of trading days or a minimum trading period. This allows traders the flexibility to progress at their own pace, aligning with the firm’s emphasis on trader skill and strategy effectiveness rather than imposing time-based constraints.
See the detailed table with The 5ers Challenge conditions based on Account Size:
Upon successfully completing the test or challenge, a trader’s Funded Account will be established, which usually takes a few business days to activate. It’s important to note that the account conditions and balance will mirror those of the test you qualified for. If you wish to upgrade to a higher-grade account, you will need to undergo the test again from the start for the specific Account Balance you aim to trade with.
At The 5ers a trader’s profit split will be 80% based on the profits made on their funded account. This percentage can increase up to 100%, if the trader qualifies for a certain scaling level.
The 5ers’ instant funding program enables traders to bypass the evaluation process and begin earning immediately. The key focus for traders in this program is to adhere to the 3% daily pause and 6% maximum loss limits. There’s no requirement for maximum trading days to complete level 1. Traders can earn profit splits ranging from 50% to 100%, based on their trading profits, while utilizing a 1:30 leverage.
Our research indicates that The 5ers offers a variety of deposit and withdrawal options, including Bank Wire, as well as credit/debit cards such as Visa, MasterCard, Maestro, and American Express.
When evaluating Proprietary Trading Firms, we thoroughly examine their account conditions. This includes a review of the available account types, trading platforms, financial instruments, and associated trading costs. We also assess the leverage options and trading conditions they offer. It’s crucial to understand any restrictions on trading strategies or practices in funded accounts, as non-compliance can lead to account loss, necessitating a retest to regain access. The detailed breakdown below offers more insights:
In evaluating the commission or spread on trades, we found that the conditions at The 5ers are quite favorable. The firm charges a commission of $4 per lot for each instrument.
The 5ers provides the option to use leverage in trading accounts for those who become funded traders. The leverage offered is up to 1:100, varying based on the funding program and the type of instrument being traded.
Our research shows that The 5ers provides two types of account conditions: Swap Accounts, which are suitable for swing trading, and Swap-Free Accounts, available in all challenges. The latter is designed for traders who prefer to avoid overnight charges.
However, it’s always wise to compare and evaluate different proposals from various Prop Trading Firms. Popular ones might offer similar or more suitable conditions for certain traders, such as a a better choice of instruments or platforms other than MetaTrader. Additionally, The 5ers has its own distinct advantages. Below, you’ll find our selection of alternatives comparing The 5ers to other companies.
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