The 5%ers Review ?

When planning a trader’s career, choosing a reliable platform is the number one challenge to solve. Traders trying to become profitable in the long run and enhance their market accuracy, need a platform that acts as their ally. In this comprehensive review of The 5%ers, we delve into what the firm offers, exploring their safety, assets, funding options, support, platforms, and more.

Whether you are a novice or a seasoned trader, this evaluation aims to equip you with the necessary knowledge to make informed decisions. The 5%ers is a prop firm offering traders funded challenge accounts ranging from 5k to 100k USD on various funded account types. The firm offers stock trading as well and has free trial accounts. Let’s overview The 5%ers and define if they are trustworthy below.

?️Safety & Security of The 5%ers

Safety is the most important factor when selecting a prop trading firm. The firm might be offering amazing conditions but if it’s unreliable and does not allow withdrawals or manipulate prices, all other conditions get thrown out of the window.

The 5%ers is the prop firm launched in 2016 and is based in Raanana, Israel. The firm also owns Trade the Pool company which is based in London and exclusively offers funded accounts for stock trading.

The 5%ers is not associated or partners with any regulated brokers and offers the MT5 platform. This is a red flag as it is always important for prop firms to offer trading services backed by regulated brokers. As for the trader reviews, The 5%ers reviews are lacking on the FPA platform which is always a bad sign, indicating there are not enough trader reviews to define how reliable trading is with this firm. Overall, The 5%ers only have some experience in the industry and lack safety in all other sections such as trader reviews and regulated partner brokers.

? Available Assets on The 5%ers

Asset diversity is an important factor when selecting reliable prop firms. The 5%ers is mostly focused on stocks but it recently updated its approach and is now offering diverse assets such as Forex, commodities, and indices. The firm offers stock trading via another firm that it owns and controls.

The major indices offered by The 5%ers include the likes of:

• The S&P 500 and its constituents
• The Nasdaq-100 and its constituents
• The Nikkei 225 and its constituents
• The Dow Jones and its constituents
• The FTSE 100 and its constituents, and more

The minimum lot size for FX, commodities, and indexes is 0.01 lots.

?️ The 5%ers Account Types

The 5%ers offers several funded account challenge types including Bootcamp Program, Hyper Growth, High Stakes, and Stock Trading options.

? The 5%ers Bootcamp Program allows traders to prove their trading skills first and pay the rest upon successfully passing the evaluation phase. This account allows traders to scale it to every 5% profit target. However, there is a profit-sharing of up to 100% which is a red flag. There is a bonus after the first step, unlimited time is given to pass, and traders can pay the rest of the fee upon success. This account is a 3-step account, meaning traders need to pass three different phases before they can get funded which might be very frustrating for many traders.

The 5%ers Bootcamp Program offers the following funded options, 5k, 10k, 15k, 20k, 25k, 50k, 75k, 100k, 150k, 200k, and 250k USD amounts. During the evaluation, there are no daily loss limits, but upon getting funded the daily risk limit is set to 3% which is very strict. The profit target is 6% and the maximum drawdown is 5%. After getting funded, the maximum drawdown is lowered to 4% and there is a 5% profit target. The maximum leverage is limited to 1:10.

The only advantage of this account is that it is free which explains why the rules are so super strict. Only traders with very well-tested strategies that fit into these rules should try The 5%ers Bootcamp program.

? The 5%ers Hyper Growth funded account is paid but the rules are still very strict just like the bootcamp program. This is a 1-step account allowing traders to get funded after they hit the profit target of 10%. The funded options include 10k, 20k, and 40k USD amounts which are limited. The daily risk limit is 3% and the maximum drawdown is 6%. The profit split is also up to 100% which is a red flag for this account as well. Prop firms should be splitting the profits between them and traders and if they have 100% it means they rely on the majority of traders failing in the evaluation. This creates conflicts of interest and the firm gets motivated to introduce hidden rules and other means that ensure the majority of traders fail in the evaluation. The leverage of The 5%ers Hyper Growth funded account is 1:30.

? The 5%ers High Stakes funded account is a 2-step evaluation challenge that requires traders to achieve an 8% profit target on the 1st step and 5% on the 2nd step to get funded. If traders want to scale their accounts they have to hit a 10% profit target. The profit share is 80-100% and traders are refunded upon passing this evaluation challenge.

? The 5%ers Stock Trading funded account is almost a different prop firm with several account types and various funded options. There are day trading and swing trading funded accounts with the same one-time fee structure and slightly different rules. Accounts are ordered by the amount of buying power they offer. The Day trading accounts are three, a mini buying power of 20,000 dollars, a super buying power of 80,000 dollars, and an extra buying power of 160k USD. The profit target is 9%, the maximum loss limit is 4.5% and the daily risk limit is set at 1.5% which is super strict. Profit split is different for each funded option such as 50% for 20k, 60% for 80k, and 70% for the 160k extra buying power funded accounts.

The 5%ers Stock Trading swing accounts offer three funded options of 3k USD buying power (mini buying power), 12k buying power (super), and the extra buying power of 24k USD. As we can see, these accounts offer very low trading power for stock trading and rules are super strict making it very difficult to actually trade on any of these accounts profitably. The profit target for swing stock accounts is 90% (2,700 USD) which is ridiculously high. The maximum loss rate is 30%, and there are no daily risk limits. With 30% max loss limits and a 90% profit target, this account is more like gambling than an actual stock trading account. The profit split for stock trading accounts differs depending on the funded amounts. For 3k buying power, the profit split is set at 50%, 12k has 60%, and the 24k account has a 70% profit split percentage.

Overall, the accounts are pretty diverse by the 5%ers but the firm has very strict rules, which makes it very difficult to achieve high-profit targets. This is probably why the firm allows up to 100% profit sharing.

? Pricing on The 5%ers

Funded challenge fees are important for traders to allow them access to funded challenges at acceptable prices. The pricing at The 5%ers is mediocre but the firm also offers The 5%ers a free trial account which is advantageous.

To make it easier to compare all accounts and their pricing let’s list all the corresponding fees for each funded account by The 5%ers.

? The 5%ers Hyper Growth funded account has the following fees:

• Funded amount: 10,000 USD – one-time fee: 260 USD
• 20k USD – 450 USD
• 40k USD – 850 USD

? The 5%ers High Stakes funded account has lower fees:

• Funded amount: 5,000 USD – one-time fee: 39 USD
• 20k USD – 165 USD
• 60k USD – 300 USD
• 100k USD – 495 USD

? The 5%ers Stock Trading Day Trading funded account has more expensive fees:

• Buying power: 20,000 USD – one-time fee: 97 USD
• 80k USD – 300 USD
• 10k USD – 475 USD

? The 5%ers Stock Trading Swing funded account has a bit higher fees than day trading accounts:

• Buying power: 3,000 USD – one-time fee: 110 USD
• 12k USD – 330 USD
• 24k USD – 490 USD

? Platforms and Mobile Trading on The 5%ers

The primary trading platform offered by The 5%ers is MetaTrader 5, which is the most popular platform among forex and futures traders. The stock trading platform is offered by Trade The Pool, which is the first fully-fledged stock prop trading firm.

The 5%ers allows mobile trading as it offers a mobile MT5 app. This app is available on all devices both desktop and mobile and allows traders to analyze and trade financial markets on the go.

? Education and research tools offered by The 5%ers

Education is one of the strongest suites of The 5%ers. The firm offers a wide selection of educational content for beginners and existing traders, such as:

• Trading tools for performance tracking, including indicators
• A free trading course for forex, stock, and commodity traders
• A comprehensive blog with dozens of interesting articles about trading
• The 5ers classes for complete beginners
• Psychology Coaching
• Webinars and other video content

So, the firm is very suitable for education and offers various trading courses which can be very useful for beginners.

? Customer Support on The 5%ers

The 5%ers customer support is provided via live chat and email channels. The hotline has a UK, as well as a U.S. telephone number. There are also offices in London. The website and support are only available in two languages which is not enough.

Frequently Asked Questions