The 5%ers is one of the best proprietary firms established in 2016 by Gil Ben Hur, a forex day trader. The reason behind its name is exhibited by the motto "We Fund the Top 5% Traders" shown on their official website. If you are looking for a huge trading fund, you should read more about this broker since it can offer up to $4M for trading. In this in-depth review, we'll explore everything you need to know about The 5 ers prop firm, from their unique funding programs to their demo account and education program for traders.
The 5%ers: Company Information
The 5%ers isn't your typical prop trading firm. Here's what you need to know about the company:
- Founded in 2016 by Gil Ben Hur, an experienced trader in Forex
- Based in Israel, but open to traders worldwide
- Offers fully-funded trading accounts, not retail trading services
- Provides three main programs: Hyper Growth, Bootcamp, and High Stakes
- Emphasizes a supportive, community-driven approach to trader development
The 5%ers Prop Firm Specifications Summary
Let's break down the key specifications of The 5 ers prop firm:
Account Currency | EUR, USD, GBP, CAD, AUD, CHF, NZD, JPY |
Minimum Price | $39 |
maximum Leverage | Up to 1:100 |
maximum Profit Split | Up to 100% |
Instruments | Forex, Indices, metals, commodities, crypto |
Assets | Over 3000 |
Evaluation Steps | Depending on the program |
Withdrawal Methods | E-Wallets, bank transfer, credit/debit cards |
Maximum Fund Size | Up to $4M through the scaling plan |
First Profit Target | 5% (depending on the program) |
Max. Daily Loss | 5% (depending on the program) |
Challenge Time Limit | None |
News Trading | Yes |
Maximum Total Drawdown | 10% (depending on the program) |
Trading Platforms | Metatrader 5 |
Commission Per Round Lot | $4 |
Trustpilot Score | 4.9/5 |
Payout Frequency | Every 2 weeks |
Established Country | Israel |
Established Year | 2016 |
Benefits and Drawbacks
Like any prop firm, The 5%ers has its pros and cons. Let's take a look:
Benefits | Drawbacks |
Trade real capital from day one | Lower leverage compared to some other prop firms |
Excellent educational resources and community support | Limited selection of tradable assets (primarily forex) |
Potential to scale up to $4 million in funding | |
Trader-friendly rules and relaxed trading parameters |
Funding and Price Overview
The 5%ers offers several funding options to suit different trader preferences and risk appetites:
Bootcamp:
- Profit target starting from 5%
- Ideal for beginners or low-risk traders
- 1:10 leverage
Hyper Growth:
- Entry fees range from $260 (for $10,000 account) to $850 (for $40,000 account)
- Designed for intermediate to advanced traders
- 1:30 leverage
High Stakes:
- Entry fee: from $39 for $5,000 account
- For traders comfortable with higher risk
- 1:100 leverage
Registration and Verification Tutorial
Getting started with The 5%ers is a straightforward process:
- Choose your preferred program (Bootcamp, Hyper Growth, or High Stakes), or click on "Quick Start" at the website home page.
- Click on "Create Account", fill in the form with your name, country, and email and create a password. Alternatively, you can sign in with your Google account from this page.
- Confirm your email by checking your inbox, then login to the website.
After creating an account, you need to fill in your residence details, then upload the required documents for verification.
Evaluation Steps
The evaluation process at The 5%ers varies depending on the program you choose. We will discuss the steps for each program at the following list:
- Bootcamp: 3-step evaluation on a demo account, must meet 6% profit target with the maximum loss of 5%, no time limit
- Hyper Growth: One-step evaluation process, 10% evaluation target with the stop out level of 6%, with unlimited time
- High Stakes: 2-step evaluation process with 8% then 5% profit targets for each one, maximum loss of 10%, without any time limit
Bonuses and Discount Codes
The 5%ers offers several attractive bonuses and discounts for new trader:
- Different bonuses on accounts and programs based on the milestone target
- Discount on programs using promo codes available on third party websites or official resources
- Occasional seasonal promotions and special offers
Available Trading Platforms
The 5%ers utilizes the popular MetaTrader 5 (MT5) platform for all its trading programs. MT5 offers:
- Advanced charting capabilities
- Multiple timeframes
- A wide range of technical indicators
- Automated trading capabilities
- Mobile trading apps for iOS and Android
- Traders appreciate the platform's reliability, speed, and user-friendly interface.
Tradable Instruments and Symbols
This section of the 5 ers review is about instruments. This prop firm offers a focused selection of tradable instruments:
- Forex Majors and Crosses: EUR/USD, GBP/USD, USD/JPY, AUD/USD, and other major currency pairs and their crosses
5%ers offers Forex Majors, Minor and Exotic Pairs to Trade. - Indices: NAS100, US30, SP500, etc.
- Commodities: Gold, Silver, Crude Oil, Brent Oil, etc.
- Cryptocurrencies: Bitcoin, Ethereum, etc.
While the selection is more limited compared to some prop firms, it covers the most popular and liquid markets, allowing traders to focus on high-quality trading opportunities.
The 5%ers Payment Options and Methods
This prop firm offers several payment options for both entry fees and profit withdrawals:
- Credit/Debit Cards
- Bank Wire Transfer
- E-wallets (Skrill, Neteller)
Profit withdrawals are processed bi-weekly, allowing traders to access their earnings regularly. The firm prides itself on quick and efficient payment processing, with most withdrawals completed within 1-3 business days. Also, it does not charge a withdrawal fee, but commission might be taken by third-party services.
Fees Overview: Does The 5%ers Charge Any Additional Fees?
One of the most attractive aspects of The 5%ers is their transparent and straightforward fee structure:
- One-time entry fee for each challenge
- No hidden fees or other costs for trading
- No monthly subscriptions or recurring charges
- Traders can keep up to 100% of their profits (after reaching certain milestones)
The only deduction from profits is a 50% split on any profits earned on trading with bonuses. This transparent approach to fees sets The 5%ers apart from many competitors and allows traders to focus on their performance without worrying about unexpected costs.
Education Materials
The 5%ers goes above and beyond in providing comprehensive educational resources for their traders:
- Trading Academy: A structured course covering everything from basic forex concepts to advanced trading strategies.
- Webinars and Live Trading Sessions: Regular sessions hosted by experienced traders and analysts.
- Forex Scalping Workshop: Focused on guides and tutorials for scalp trading in Forex
- The5ers Classes: Live sessions showcasing the implementation of complex trading concepts
The 5%ers Has Trading Classes to Empower Traders. - Community Forums: A platform for traders to share insights, strategies, and support each other.
Also, there are other tools and pages such as "News Sentiment" and "Economic Forex Calendar" for helping traders have a better vision over the market.
Trust Scores
The 5%ers has built a high reputation in the prop trading community, with very good user scores and reviews:
- Trustpilot Score: 4.9 out of 5 (based on over about 5,000 reviews)
Traders frequently praise this prop firm for its:
- Responsive and helpful customer support
- timely payouts without any technical difficulties
- Low spreads and minimal slippage
- Opportunities for rapid account growth
Most users have mentioned the excellent support team as a strong aspect of the 5%ers.
How and When to Contact Support at The 5 ers Prop Firm
The 5%ers offers multiple channels for customer support:
- Email Support: for all inquiries through [help@the5ers.com]
- Live Chat: Available for quick questions through the official website
- Phone Support: For urgent issues or complex queries through [+1 929 955 5595] or [+44 20 8068 0793]
- FAQ Section: Comprehensive answers to common questions on the official website
The support team at this firm is available from Sunday to Thursday on 07:00 to 17:00 GMT (for Fridays from 07:00 to 12:00 GMT).
Social Media Channels
Stay connected with The 5%ers through its active social media presence. You can visit this firm's pages on these platforms:
- Facebook: Regular updates, trader success stories, and educational content
- Twitter: Quick tips, market insights, and company news
- Instagram: Behind-the-scenes looks and trader highlights
- YouTube: In-depth tutorials, webinar recordings, and market analysis
- LinkedIn: Professional networking and company updates
Following these channels can provide valuable insights, alert you to new opportunities, and help you stay connected with the broader trading community.
Trading Finder Expert Suggestions
The 5%ers is one of the well-known prop firms with 3 different programs for various traders. If you intend to trade a large capital of up to 4 million dollars, up to 100% profit split, and a monthly salary, and you have no problem with the maximum leverage of only 1:100 in The 5ers prop firm, you can consider this firm as one of the best options since this institution is regarded as one of the most reliable, with a score of 4.9 out of 5 on Trustpilot.
