The 5ers rules on its Bootcamp, Hyper Growth, and High Stakes programs (such as an 8% profit target and 5% maximum daily loss on 2-step challenges) ensure that only talented and dedicated traders can pass them.
The 5ers terms highlight that challenge rules are outlined in the “Funding Programs” section, while general trading conditions are set in the broker’s official “Terms & Conditions”.
Some strategies are strictly prohibited, including high-frequency trading, news trading, one-sided bets, and arbitrage strategy, ensuring a fair and transparent environment for all traders.
Overview of The 5ers Rules
The 5ers prop firm has set various policies to encourage traders to conduct safe and consistent trades. To better understand these, we have divided the 5ers terms into 4 categories. The 5ers rules:
- Challenge terms and conditions
- Holding trades over the weekend
- EA usage conditions
- IP rules
- Incavtivity
- Payout terms and conditions
- Restricted trading strategies
The 5ers Challenge Rules
The 5ers has 3 different challenges to cater to traders with various preferences. The 5ers' challenge rules:
Challenge Type | Bootcamp Challenge | Hyper Growth | High Stakes |
Profit Target Phase 1 | 6% | 10% | 8% |
Profit Target Phase 2 | 6% | - | 5% |
Profit Target Phase 3 | 6% | - | - |
Maximum Daily Drawdown | - | 3% | 5% |
Maximum Overall Drawdown | 5% | 6% | 10% |
It’s worth noting that the 100% profit share will only become available when traders complete all 3 stages.
Can I Hold Trades Over the Weekend in The 5ers?
The 5ers allows traders to hold positions both overnight and over the weekend, offering flexibility for various trading styles and strategies. However, traders are fully responsible for managing the risks associated with rollover swaps, market volatility, liquidity changes, and wider spreads that may occur during periods of low activity.
It’s important to note that swap fees on Crude Oil are -$20 and increase tenfold over the weekend. Traders should account for this when holding positions toward the end of the week. Full asset specifications and swap details are available on The 5ers’ official asset specifications page.
Expert Advisor Usage
The 5ers permits the use of Expert Advisors, but only under conditions that ensure fair and transparent trading. Automated systems designed to exploit price feeds or liquidity inefficiencies are not allowed. For instance, EAs that scalp during the rollover period to take advantage of temporary price discrepancies between bid and ask prices are strictly prohibited.
Using third-party EAs that generate identical trades across multiple users is also not permitted, as this constitutes copy trading and can create unfair market saturation.
Additionally, traders must only use EAs for which they have full ownership and access to the source code. Deploying pre-built EAs without understanding or controlling their internal logic is considered a violation of The 5ers’ trading standards.
The 5ers IP Address Rules
The 5ers allows traders to log in from multiple devices and IP addresses, provided they are used within the same physical location. However, executing trades simultaneously from two different IP addresses is strictly prohibited, as it may indicate account sharing or unauthorized access.
Inactivity Rules
At The 5ers, accounts that remain inactive, with no new orders placed, for more than 30 consecutive calendar days will automatically expire and become unavailable for further trading.
The 5ers Payout Terms and Conditions
The 5ers pay traders through 3 payment methods. The 5ers payout methods:
- Rise
- The 5ers Visa Card
- Cryptocurrencies
Traders can receive their first payout after completing the challenges and entering the funded stage. From there, they can send payout requests and receive their profits bi-weekly.
The 5ers Prohibited Trading Strategies
The prop firm has clear policies regarding trading forbidden strategies. The 5ers doesn’t allow trading practices that abuse its systems or violate its terms and conditions. The 5ers' forbidden trading strategies:
- High-frequency trading
- News trading
- One sided-bets
- Trade coordination
- copy trading
- Tick scalping
- Hedging
- Arbitrage
The 5ers will terminate the accounts that use these strategies to gain profits.
The 5ers Restricted Countries
Based on the data we found for this The 5ers tutorial, while the prop firm is available worldwide, traders from certain countries are unable to use the platform's services. The 5ers restricted countries:
- USA
- Cuba
- Yemen
- North Korea
- Israel
- Iraq
- Iran
- Congo
- Libya
- Sudan
- Myanmar
- Liberia
The 5ers Rules Comparison Table
Refer to the table below for a clearer understanding of how The 5ers compares to other renowned prop firms in terms of rules and guidelines.
Prop Firm | The 5ers Prop Firm | |||
VPN/VPS Usage | Prohibited | Allowed | Allowed | Allowed |
EA Usage | Allowed | Allowed | Allowed | Allowed |
News Trading | Prohibited | Allowed | Allowed | Allowed |
Group Trading | Not Specified | Prohibited | Allowed | Prohibited |
All-or-nothing Trading | Prohibited | Prohibited | Prohibited | Prohibited |
TF Expert Suggestion
Adhering to The 5ers rules (including the 6% profit target and 5% maximum drawdown in the Bootcamp program), allow traders to safely move to the funded stage and receive accounts with up to $4 million trading capital through the scaling plan.
Now that you know all about the trading conditions in this prop firm, you can open an account in 3 simple steps by following The 5ers registration guide.
