The 5%ers Review

When it comes to Forex funding programs, you will be hard-pressed to find a more trader-friendly scenario to work with than what The5ers will offer you. The name comes from the idea of “working with the top 5%” of all traders, as they are the profitable ones. The firm is based out of Israel and has worked with thousands of traders around the world. In fact, it seems as if The 5%ers has led to several copycat firms around the world, as this model has been catching on for a while.

3.8/5
The 5%ers Review

Advantages

Disadvantages

How does This prop Firm Work?

The 5%ers has some of the easiest trading rules to follow. To begin with, any indicator or expert advisor that you choose to use is fine, as long as it works with the Metatrader ecosystem. There are no minimum trades or trading days required to pass the evaluation phase, you simply need to hit the overall trading objective of 6%. Traders cannot lose more than 4%, as it would be a violation of the rules.

It should be noted that there are two programs available, the so-called “Low Risk” program and the “Aggressive” program. The Low-Risk program features the parameters mentioned above, while the Aggressive program has a target of 12%, but offers 1:30 leverage as opposed to the standard 1:6 leverage offered on the Low-Risk program. It should also be known that the Aggressive program has a 2-month time limit.

Both programs start with live accounts that multiply by four times once the evaluation has been passed. Profit share is 50% for not only funded accounts but also for the evaluation phase. After that, accounts double in size for every 10% gain, up to $1.28 million. Further working in the trader’s favor is the fact that taking profits out of the account is not count against your total profit as far as scaling is concerned.

How much Capital do they provide and what are their prices?

Are They legit?

Without a doubt, one of the more reputable firms to work with is The 5ers. The company has a plethora of videos on YouTube that show profitable traders giving interviews as to their profits, and the strategies that they have used. The experience is filmed roughly once a week with a new trader, as The 5%ers have such a large stable of applicants. Furthermore, the company offers live accounts from the start, gradually increasing position size as you pass the evaluation and scale up down the road.

There is a traders community and furthermore, there are plenty of trading resources. It is a simple one-time fee, and there is no time pressure when it comes to getting past the evaluation, as you have up to six months. In other words, if you can average 1% a month, the target is very reachable.

What platform do they use?

The platform that the firm uses is the well-known Metatrader5 version, as they have migrated away from Metatrader4. That being said there are plenty of indicators and expert advisors that make the platform function how you need it to, and of course, there is the mobile version that is available in both Android and iOS.

What markets can be traded?

At The 5%ers, traders are allowed to trade the traditional currency markets, with any combination of the following currencies: USD, NZD, AUD, CHF, JPY, GBP, and EUR. Currently, they do not offer any other markets but have been discussing gold and some indices in the future.

Do They Trade Crypto?

At The 5%ers, commissions are calculated based upon the liquidity provider, at $4.00 per standard lot. This can vary depending on the contract, but all majors fall in this price range. Swap is calculated at the end of the day, as you would expect with any Forex environment.

How much does the company charge as commission and spread?​

The 5%ers do not currently offer Cryptocurrency as an available trading instrument.

What are Their Withdrawal Options?

Recently The 5%ers have switched to a platform called Deel, which allows for traders to get paid in a multitude of currencies, and even cryptocurrencies. They used to use PayPal, but as costs continue to increase using that platform, the industry itself seems to be sliding towards Deel. This allows the trader to either get paid directly into a bank account using multiple currencies or even get paid in cryptocurrency through a participating broker. The 5%ers split the profits 50-50 with traders and will pay as soon as the trader asked. Typically, the turnover time from invoice to payment is within three days.

Do they provide education and training?

At The 5%ers, traders are allowed to trade the traditional currency markets, with any combination of the following currencies: USD, NZD, AUD, CHF, JPY, GBP, and EUR. Currently, they do not offer any other markets but have been discussing gold and some indices in the future.

Do they have Support and Contact options?

The 5%ers both email and phone support available for traders. The email support information is found under the “contact us” section of the website. This is also where you find the phone numbers for both the United Kingdom in the United States, as well as mailing addresses. They have an office in Raanaa, Israel and London.

What makes them unique?