Introduction
Welcome to our review of The5ers. I have been trading with The5ers and looking into every aspect of the service they offer to traders so that I can provide the information you need to decide if they are the right prop firm for you.
Overview
Founded by Gil Ben Hur, The5ers is a private equity fund that has been operating since 2016 with a vision to provide traders with the tools, and the funding, to build a career in trading.
CEO Saul Lokier oversees the day-to-day running of The5ers, and in the last couple of years, they’ve established themselves as one of the leading firms in the industry with a great reputation amongst traders and industry professionals.
Funding Programs
There are three funding programs available at The5ers: Hyper Growth, High Stakes, and Bootcamp.
Hyper Growth
- The Hyper Growth program is The5ers flagship 1-step evaluation, which is designed with experienced traders in mind.
- There are three account sizes available on the Hyper Growth program: $10K ($260), $20K ($450), and $40K ($850).
- To pass the evaluation the trader must make 10% profit with a maximum drawdown limit of 6% and a daily loss limit of 3%, which if reached, pauses the account until the following day.
- Payouts on the Hyper Growth accounts can be requested every 14 days from the day the live account is activated, and there is a 50% profit split from the evaluation phase, with subsequent profit splits being 75% until the account is scaled to $640K when the profit split increases to 80%.
- What really makes the Hyper Growth program shine is the scaling plan: The Hyper Growth accounts are scaled up by doubling the account size every time the trader reaches 10% profit, and once the account reaches $1.28M the trader is given a personalized contract with a profit split up to 100%. The Hyper Growth accounts will continue to scale up to $4M.
- Leverage on the Hyper Growth accounts is up to 1:30, there’s no time limit to pass the evaluation, and news trading is allowed.
High Stakes
- The High Stakes program is The5ers take on the ever popular 2-step evaluation.
- There are four account sizes available on the High Stakes program: $5K ($39), $20K ($165), $60K ($300), and $100K ($495).
- When the trader passes phase one they are offered a profit share, which is a bonus that is paid as a hub credit. The hub credit can be used to pay towards new evaluations with The5ers, and the profit share ranges from $5 on the $5K account to $40 on the $100K account. If the trader accepts the bonus after passing phase one the bonus amount is taken off the evaluation fee refund if the trader passes phase two.
- Once the trader has passed the evaluation the evaluation fee (minus the profit share if taken) is refunded to the live account balance and can be withdrawn after 14 days.
- To pass phase one the trader must make 8% profit and to pass phase two the trader must make 5% profit. In both phases the trader is required to complete a minimum of 3 profitable days.
- Once the trader has passed the evaluation they are given a live funded account with an 80% profit split which can be requested 14 days after receiving the live account, and every 14 days thereafter.
- The account is scaled up every time the trader reaches 10% profit + 3 profitable days, and once the account reaches $350K the trader is offered a personalised contract with a 100% profit split and a fixed monthly payout. The High Stakes accounts can scale to $500K.
- There are news trading restrictions on the High Stakes program, the trader cannot trade within 2 minutes of a high impact news event, but trades opened more than 2 minutes before a news event can remain open and are allowed to hit stop loss or take profit during the news window.
- Leverage on the High Stakes accounts is up to 1:100, and there is no time limit to pass the evaluations.
Bootcamp
- The Bootcamp program is a 3-step evaluation, where the trader only pays the majority of the evaluation fee once they have passed. This makes it a great option for beginner traders.
- There are two account sizes available: $100K and $250K.
- For the $100K account the initial evaluation fee is $95, and once the evaluation is passed the trader must pay an additional $205 for the live funded account.
- For the $250K account the initial evaluation fee is $225, and once the evaluation is passed the trader must pay an additional $350 for the live funded account.
- There is also a $20K Bootcamp account, which is only available during certain promotions.
- The trader must make 6% profit to pass each evaluation phase, with a maximum loss limit of 5% and no daily loss limit during the evaluation.
- Once the trader has a live funded account the maximum loss limit is 4% and if the trader loses 3% in a day the account will pause until the following day.
- The initial profit split is 50%, and this increases to 75% after the first scale up which happens when the trader reaches 5% profit on the live account. Payouts can be requested from the live account every 14 days.
- The live account scales up every time the trader makes 5% profit, until the account reaches $4M.
- Leverage on the Bootcamp accounts is up to 1:10, news trading is allowed, and there is no time limit to pass the evaluations.
Trading Platform
At The5ers traders have only one platform to choose, and that is MT5. This is a good thing, The5ers have their own MetaQuotes licence, and MT5 is a great trading platform.
There is a desktop application, a mobile app, and a web version of MT5 available, so no matter the device you use you will be able to trade with The5ers.
Account Dashboard
The5ers has a well designed dashboard, which contains all of the information a trader needs to know in a clear and simple layout.
Trading Conditions
At The5ers traders have a great selection of symbols to trade. They’ve got the major Forex pairs and crosses, plus a good selection of stock indices, Gold, Silver, Bitcoin, Ethereum, UK Oil, and US Oil.
Commissions are competitive at $4 per lot round trip on Forex and metals, indices are $2 per lot round trip, other than the JPN225 which is $0.10 per lot round trip, and there is no commission on crypto or oil.
The5ers have some of the best trading conditions in the industry, with very tight spreads and great execution with very little slippage during normal market conditions.
Payouts
Payouts are available via Rise, crypto, or The5ers Visa card.
Customer Support
Customer support at The5ers is available via live chat or email, and via both channels the response times are very fast and accurate. I’ve dealt with The5ers support on multiple occasions and have always been greeted quickly by a knowledgeable agent.
Education & Social Media
I think it’s important that prop firms take trader education seriously. A firm that is making an effort to improve its traders is a firm that is setting itself up for long term success, and I think The5ers are leading the way here.
On the Trader Dashboard there is a Video on Demand section, which contains hundreds of hours of well organised educational videos. They also have a trading plan template that can be downloaded from the dashboard.
Head over to The5ers YouTube channel and you will find hundreds of videos covering topics ranging from how The5ers started and how they operate, to trader interviews, and daily live streams that talk in detail about all aspects of what it takes to be a profitable trader. The5ers YouTube channel really is a treasure chest of useful information for traders.
The5ers are also active on X and have a great Discord server for their traders where they foster a real community spirit with great support and regular calls where they discuss trading related topics.
For me this is where The5ers really stand out from the crowd, their educational content is second to none in this industry.
Conclusion
Of the firms I’ve traded with and reviewed so far, I have to say that The5ers are my favourite and I highly recommend them.
The5ers are one of the longest running online prop firms, having been in business since 2016, and they have an excellent reputation. They have industry leading trading conditions, the best scaling plans in the industry, competitive prices, and as far I’ve seen so far, they also have the best educational content in the industry.
Actions speak louder than words, and whilst every firm says they want their traders to succeed, unfortunately their actions can sometimes suggest otherwise. This is not the case at The5ers, where their actions give their intentions away quite clearly – The service that The5ers provide to their traders is geared towards trader success in every area, from the trading conditions to the scaling plan and their huge collection of educational resources, The5ers have created a platform that supports their traders.