As an avid trader, I have always been on the lookout for opportunities that would both challenge my skills and reward my efforts. It was on this quest that I stumbled upon The5ers, an innovative trading platform offering unique trading programs. My experience with The5ers has been rewarding and insightful. Here’s an in-depth review based on my journey through their programs.

Overview

The5ers is a progressive prop trading firm that provides traders with a unique opportunity to showcase their trading prowess, starting with a low-cost entry and scaling up towards managing a $4M trading account. Their fundamental philosophy revolves around consistency, discipline, and profitability. The5ers provide three distinct trading programs – Bootcamp Program, Hyper Growth Program (formerly known as Instant Funding), and the High Stakes Challenge, each tailored to different types of traders.

Available Trading Programs

Bootcamp Program

The Bootcamp Program is an excellent opportunity for traders to demonstrate their trading skills in a low-entry-cost challenge. The program comprises three challenge stages to be completed on a demo account. As a participant, I started with partial entry costs of $95 for a $100k account and $225 for a $250k account.

Each challenge stage has a different starting balance, maximum loss limit (5% of starting balance), and profit target (6% of starting balance). I had up to 12 months to complete these stages, with no minimum days or trade requirements.

Upon completion, I transitioned to a live-funded account with profit-sharing opportunities. The profit-sharing ratio increases from 50/50 to 75/25 as your account grows and can reach 100/0 for account balances exceeding $2.5M.

Hyper Growth Program

The Hyper Growth Program is designed for traders seeking to grow their account without time pressure. I could choose an entry-level amount between $10,000 and $40,000, with a one-time fee ranging from $260 to $850.

The program allowed me to double my funded account every target, maintaining a consistent profit target, maximum loss, and daily pause across all stages. I also had the chance to earn bonuses and the leverage in this program is 1:30.

High Stakes Challenge

Designed for confident and aggressive traders, the High Stakes Challenge is a 2-step evaluation program with unlimited trading periods and a maximum loss of 10% at each step. The leverage is considerably higher here at 1:100.

One standout feature of this program is the profit share, which can be between 80% to 100% – a truly high-reward program for traders willing to embrace the associated risks.

Key Takeaways

Before signing up, remember that although these programs offer substantial growth potential, they also require careful risk management. The5ers value consistency and discipline over reckless trading. Also, inactivity can lead to account expiration, and while trading around news is allowed, bracket strategies around news are not permitted.

As for costs, the initial fees range from $95 for the Bootcamp program to $495 for the High Stakes Challenge, but the majority of the fees are paid only after passing the evaluation round. This reduces the upfront financial commitment and aligns the interests of the trader and The5ers.

The5ers’ profit sharing is generous, starting at a 50/50 split in the Bootcamp program and increasing to up to 100% in the High Stakes Challenge. This incentivizes good trading practices and long-term account growth.

Quick Thoughts

In my experience, The5ers offers an unparalleled platform for serious traders seeking to up their game. With its wide array of programs, you can choose the one that best suits your trading style and risk appetite. Although challenging, the reward potential is immense, not only in terms of profit but also in trading skill development and portfolio growth.

As with any trading program, it is essential to thoroughly understand the rules, requirements, and potential risks involved. Remember, successful trading is not just about hitting profit targets, but also about consistency, discipline, and smart risk management.

Quick Details of the Available Programs from The5ers

Program Name Program Costs Available Funding Profit Sharing Maximum Drawdown Evaluation Duration Profit Targets Other Trading Rules
Bootcamp Program Partial Entry: $95 for $100k, $225 for $250k; After passing Challenge: $205 for $100k, $350 for $250k From $25k to $250k, up to $4M From 50/50 to 100/0 5% (Challenge), 4% (Live Trading) Max 12 months 6% (Challenge), 5% (Live Trading) No minimum trades/days, account expires after 21 days of inactivity
Hyper Growth Program $260 for $10k, $450 for $20k, $850 for $40k From $10k to $40k, up to $4M Up to 100% 6% 12 months 10% News trading allowed, no minimum trades/days
High Stakes Challenge $495 From $5k to $100k, up to $500k 80% to 100% 10% Unlimited 8% (Step 1), 5% (Step 2), 10% for growth Account expires after 10 days of inactivity, news trading allowed, holding indices over weekend carries a high swap

This table summarizes the key aspects of each program offered by The5ers. It’s important to note that all programs emphasize consistency, discipline, and smart risk management. Always ensure you understand all the terms and conditions before starting any trading 

What are the Experiences of Other Traders?

Online feedback for The5ers on review sites like Trustpilot and social media sites like Reddit seems largely positive.

The general consensus indicates that traders appreciate the High Stakes Program for its favorable leverage and unlimited time limit for passing the evaluation, which allows traders to operate at a relaxed pace, mitigating stress and risk. This has been highlighted as a major advantage of The5ers, differentiating it from many other funded trader programs in the market.

The5ers also received a positive review on Daytradingz.com, stating that it is a suitable platform for a wide range of traders – from novices to experienced swing traders who are limited by lack of capital. This broad suitability could potentially be attributed to the varied programs offered by The5ers, each catering to different skill levels and risk appetites.

The5ers enjoys a high score of 4.8 on Trustpilot, based on 1098 reviews, which further testifies to the positive experiences of many users. This score is impressive and certainly adds credibility to the platform.

On the downside, some traders have pointed out that certain rules imposed by The5ers are overly strict, to the point of being unrealistic. However, these same traders also acknowledged that those who can navigate these strict rules stand to enjoy substantial payouts. This indicates that while the platform may pose a challenge, particularly for less disciplined traders, it could potentially offer significant rewards for those who can adhere to the rules.

Like all trading platforms, The5ers has its strengths and weaknesses. The restrictive rules could be viewed as a hurdle or as a rigorous test of a trader’s skill and discipline. It seems that the overall opinion leans toward the positive, with many users valuing the opportunities for low-risk trading and potential for high rewards. However, it’s always recommended for individual traders to conduct thorough research and consider their personal trading style and risk tolerance before joining such a program.

247trading Final Impressions on The5ers

The5ers presents a compelling proposition for traders seeking to leverage their skills with minimal capital. It offers three distinct trading programs, each catering to various skill levels and risk appetites. From the Bootcamp Program, which tests trading skill and discipline in a simulated environment, to the Hyper Growth Program, which offers the most relaxed trading conditions, and finally the High Stakes Challenge, designed for confident traders looking for high-risk, high-reward opportunities.

One of the standout features of The5ers is its focus on disciplined and consistent trading. This emphasis is evident in their challenging program rules, which, while strict, are designed to foster effective risk management skills, a cornerstone of successful trading. While some traders have expressed concerns about these rules being overly stringent, it is also acknowledged that adhering to these rules could lead to considerable payouts.

The5ers has an impressive reputation online, as evidenced by its high Trustpilot score of 4.8 out of 5, based on 1098 reviews. While there are a few negative comments, the majority of users appreciate the opportunities The5ers provides, particularly the High Stakes Program, which offers favorable leverage and an unlimited time limit to pass the evaluation.

When compared to other funded trader programs, The5ers seems to offer a well-rounded and flexible trading platform. They provide a pathway to funded trading for beginners who lack capital, as well as experienced traders seeking to scale their trading without risking their own funds. Also, they offer growth opportunities up to $4M, which is quite significant in comparison to other platforms.

In light of all these factors, I would recommend The5ers as a trading platform worth considering, especially for traders who are disciplined and consistent in their trading approach. Its range of programs, growth opportunities, and overall positive online reputation make it a compelling choice in the landscape of funded trader programs.