Welcome to our review of The5%ers, a participant in proprietary trading with unique features and opportunities. In this review, we will explore the distinguishing characteristics of The5%ers among other proprietary firms, the benefits of becoming a part of their community, their funding programs, trading platform, available trading instruments, and customer support options. Whether you are an experienced trader or a beginner, The5%ers may provide valuable opportunities for you.
The5%ers Review
The5%ers Trading Fund specializes in currency trading and operates with offices in both London and Israel. It is distinct from conventional retail brokers, functioning as a community of Forex traders. The company offers a Level 1 assessment program, where traders pay a one-time fee to participate and receive an account funded with company capital. Meeting the profit milestones in Level 1 leads to a fully funded account, enabling potential capital growth. Notably, The5%ers allows traders to hold positions over weekends and during overnight periods without imposing minimum trading day restrictions. Traders can also engage in trading activities during news releases and utilize indicators and expert advisors (EAs) to enhance their strategies. The5%ers' funding programs, trading requirements, and scaling plans might make it worth considering among proprietary trading firms.
How The5%ers Differs from Other Proprietary Firms?
The5%ers differs from other proprietary trading firms in several specific ways:
- Weekend Holding of Trades: The5%ers allows traders to hold positions over weekends, catering to various trading styles that involve daily, weekly, and monthly charts. This flexibility is beneficial for swing traders and day traders who prefer extended holding periods.
- Extended Time Durations for Challenges: The5%ers provides traders with generous timeframes to pass the Level 1 challenge. Low-risk accounts offer a 180-day duration, while aggressive traders have 60 days. The5%ers may consider small extensions upon direct request, simplifying the funding process.
- Account Scaling Opportunities: The5%ers offers a feature called "Hyper Growth," which doubles the account balance with each milestone achieved. This accelerates account growth, potentially reaching over $4,000,000 in funding. It is particularly beneficial for traders with lower trading frequency, such as swing traders.
- On-Demand Pay-outs: The5%ers allows traders to request pay-outs at their convenience, eliminating the need to wait for specific withdrawal dates. Traders can initiate pay-outs through a simple process on the trader dashboard.
- Resources: The5%ers provides an extensive range of high-quality resources, surpassing most competitors in the industry. Their commitment to traders' success is evident through real trading accounts and a comprehensive offering of resources, including webinars, psychology workshops, prop trading courses, blogs, live trading events, and more.
What Are the Advantages of Joining The5%ers?
Now, let's delve into some of the advantages of joining The5%ers.
- Profit-Sharing Range of 50-100%: The 5%ers offers a flexible profit-sharing range of 50% to 100%, with the opportunity to reach a 100% profit split through consistent profitability and trading skill demonstration. Additional income opportunities, including bonuses from Phase 1 and a regular salary, are also available.
- Trading Room: Financial experts regularly publish weekly market analyses in this section of the blog, offering up-to-date insights on various financial instruments.
- No Minimum Deposit: The5%ers does not require a minimum deposit.
- No Hidden Fees: The fee structure is transparent, with no trading fees or extra charges. Bonuses serve as an additional reward for your performance, and the platform deducts only 50% of the trader's profit derived from these bonuses.
- Varied Programs: The5%ers offers diverse programs, including an education initiative allowing traders to start with a demo account and progress to receive up to $100,000 in a live account.
Broker Partnership
The5%ers utilizes a direct trading approach with commercial liquidity providers, bypassing intermediaries. This approach aims to prioritize efficiency and transparency in the trading environment. The firm does not publicly disclose the identities of its liquidity providers.
Trading Platform
The5%ers exclusively employs the MT5 (MetaTrader 5) trading platform, a versatile tool available on multiple operating systems, including Windows, MAC, and Linux. A browser extension provides users with access to MT5 without the need for a dedicated application.
Trading Instruments
The5%ers offers access to a diverse selection of over 3,000 financial instruments, encompassing various securities. Traders can use these assets to diversify their portfolios and explore different trading strategies.
Trading Leverage
Traders at The5%ers have access to a leverage ratio of 1:30. This level of leverage allows for potential position amplification in the financial markets, along with increased opportunities and risks. Traders are encouraged to exercise responsible risk management while utilizing this leverage to optimize their trading outcomes.
Types of Programs
The funding opportunities offered by The5%ers cater to traders of varying experience levels, including newcomers and seasoned experts. There are three available plans:
- Hyper Growth Program: Traders can start live trading immediately for an initial fee of $260 and begin earning once they achieve their first target.
- High-Stakes Challenge: This program, characterized by its high-risk, high-reward nature, starts at a price of $39 and is suitable for daring traders.
- Bootcamp Program: This program consists of a three-phase challenge leading to a six-figure funded account, and it can be initiated with an entry cost of $95.
Pricing
Bootcamp Program (3-Step Evaluation):
- $100,000 Account: Entry Fee of $95, plus $205 once you successfully pass the challenge stages.
- $250,000 Account: Entry Fee of $225, plus $350 upon successful completion of the challenge stages.
High Stakes Program (2-Step Evaluation):
- $5,000 Account: Entry Fee of $39.
- $20,000 Account: Entry Fee of $165.
- $60,000 Account: Entry Fee of $300.
- $100,000 Account: Entry Fee of $495.
Hyper Growth Program (Instant Funding & Profit Share):
- $10,000 Account: Entry Fee of $260.
- $20,000 Account: Entry Fee of $450.
- $40,000 Account: Entry Fee of $850.
Trading Assets
The range of tradable securities provided by The 5%ers encompasses:
- Major Forex Pairs: This category includes well-known currency pairs like EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, and USD/CHF.
- Forex Cross Pairs: The offering extends to a diverse array of cross-currency pairs, such as AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, and NZD/JPY.
Customer Support
The5%ers provides a range of avenues for customers to connect with their customer support team, regardless of their geographical location. Here are the various ways you can reach out for assistance:
- Phone Support: For customers residing in the United States, you can reach The5%ers' customer service team by dialing (929) 955-5595. While their customer service is accessible internationally, it's worth noting that time zone differences may pose challenges for some customers. Phone support is available between the hours of 2 a.m. and 12 p.m. EST, accommodating a broad spectrum of time zones.
- Email Correspondence: If the phone is not a convenient option due to time zone differences or personal preference, you can contact The5%ers' customer service via email. Simply send your inquiry to help@The5%ers.com, and their team will respond to address your concerns.
- Live Chat Assistance: The5%ers also offers a real-time chat function on their website, which is operational 24/7. This means you can initiate a chat at any time, day or night, to receive immediate assistance and answers to your queries.
Summary
The5%ers Trading Fund presents a distinctive option for traders interested in proprietary trading. Features such as weekend position holding, generous challenge durations, and potential accelerated account growth with "Hyper Growth" are notable. The MT5 trading platform, diverse trading instruments, and responsible leverage options provide a strong foundation. The5%ers offers programs for varying experience levels and multiple customer support channels, making it a comprehensive option for traders seeking an alternative trading approach. If you're looking to explore a different path in your trading journey, you may want to consider The5%ers as a potential choice.
