The 5ers is a proprietary trading firm giving traders access to funding and tools to day trade stocks, forex, metals, and indices. If you prove you have skills, The 5ers will fund your account with up to $4 million to trade with. They make money by taking a percentage of the profits from the funded accounts.
For many new traders, The 5ers can be an attractive option. You get to trade with more money than you have, allowing for bigger gains. The 5ers also provide trading resources and education to help set you up for success. However, the 5ers aren’t for everyone.
They have strict profit targets and rules you must follow to keep your funding. The evaluation process to get funded can also be difficult to pass. The 5ers has built a solid reputation as a prop firm, funding over 1,000 traders worldwide.
If you think you have what it takes to trade profitably and consistently, The 5ers could be a great way to get started. But go in with realistic expectations; this isn’t an easy path to riches. With hard work and the right mindset, the potential rewards of trading with a firm like The 5ers are huge. On this note, here is a comprehensive 5ers review.
How do the 5ers work?
The 5ers allow anyone to start trading with a funded account right away. Unlike most prop firms, there’s no long evaluation process. Once you pay the one-time fee, you can begin trading immediately.
Using The 5ers platform is straightforward. First, choose an account based on your risk tolerance and capital. Then, download MetaTrader 5, which The 5ers uses. You can access it on your desktop or through mobile apps.
To get started, open a Level 1 account. For the low-risk program, gain 6-7% net profit. For aggressive, aim for 12%. Reach the target, stay above the max stop out level, and don’t exceed the max leverage.
If you meet these guidelines, The 5ers will fund your account. Depending on the program, you keep 70-80% of the profits. The 5ers takes the rest as payment. There are no hidden fees or commissions.
The 5ers allow traders to access the foreign exchange (forex) market with more buying power. You can trade with confidence knowing The 5ers assumes the risk. If you lose money, they cover the loss. You need to meet the profit targets to stay funded.
For new traders, The 5ers provides an easy way to access forex with minimal risk or cost. For experienced traders, it allows you to trade with more capital. The 5ers does the heavy lifting so that you can focus on profitable trading strategies. Overall, The 5ers delivers an innovative platform for anyone to become a forex trader.
What are Some of The 5ers’ Most Notable Features?
The 5ers provide many valuable features for its funded traders, including the following:
1. Instant Funding: You can start trading live immediately with a funded account—no more waiting for deposits or account approval.
2. Various Assets: Trade forex currency pairs, commodities, indices, and over 12,000 stocks. There are many opportunities available.
3. Educational Resources: The 5ers offer courses, webinars, and market data to help you learn trading psychology and stay up-to-date with the latest news.
4. Support: While live chat isn’t available, you can contact The 5ers by phone or email to get help with any technical issues.
5. The Bootcamp: For a low cost, you can work through three challenge phases to become funded with a six-figure account. Complete the program to earn your funded stock trading account.
6. Trade the Pool: As a funded trader, you’ll have access to Trade the Pool, where you can day trade thousands of stocks.
Whether you want to get started immediately or work your way up through their training program, The 5ers provides the resources and opportunities for would-be day traders to become professionals. With solid support, various assets, and valuable educational tools, The 5ers has everything you need to begin your trading journey.
What are The 5ers Pricing & Plans Options?
The 5ers offers several pricing and plan options to suit different trading needs and experience levels. Entry costs range from 95 euros for the Bootcamp program to 745 euros for the $80,000 funded account.
Bootcamp Program
The Bootcamp program is ideal for beginners. For just 95 euros, you get access to educational resources to learn the basics of trading and how The 5ers platform works. This self-paced program teaches trading strategies and allows you to practice on a demo account before trading with real money.
Funded Accounts
Once you’ve gone through the Bootcamp program (or have enough experience), you can open a funded account with The 5ers. They offer accounts ranging from $20,000 to $4 million in buying power. The fees for funded accounts are:
- $24,000 funded account €235 fee
- $40,000 funded account €385 fee
- $80,000 funded account €745 fee
- $100,000 Bootcamp account €95 fee
With a funded account, The 5ers provides the capital so you can trade higher amounts. You keep 70-80% of the profits, making it possible to scale up quickly.
The 5ers uses a one-time membership fee for lifetime access. Unlike other prop firms, there are no monthly fees, commissions, or profit shares to worry about. You can grow any funded accounts, and once you reach certain profit milestones, The 5ers will increase your account size.
The pricing and plans offered by The 5ers are very competitive. The entry fees are relatively low for the opportunity to trade with substantial amounts of capital and keep most of the profits. Their lifetime membership and one-time fee structure provide good value for the money.
What are The 5ers Pros and Cons Based on Online Reviews?
The 5ers is a newer product that aims to simplify productivity. Online reviews of The 5ers highlight some important pros and cons based on The 5ers’ reviews before signing up.
Pros
- Rapid funding options, including amounts up to $20,000
- Access to educational materials and trading strategies
- Novices can initiate with a practice account
- A diverse range of tradable assets, including currencies, metals, and indices
Cons
- Leverage choices are confined to 1:6 and 1:30 (suitable for low-risk and aggressive strategies)
- Time limitations for beginner accounts
- Absence of community live chat or support live chat options
The 5ers Review Final Thoughts
The 5ers may be worth considering if you’re looking to get into trading but lack the capital to fund your account. Prop firms provide funding for traders in exchange for a share of the profits. There are many to choose from, but The 5ers has a solid reputation and track record.
The 5ers has been around since 2012 and has over 4,000 clients with a 4.8 out of 5-star rating on Trustpilot. You can feel confident that this is a legitimate company, not a scam looking to take your money.
The 5ers provides funding of up to $1 million per account. In exchange, they take 30-50% of your monthly profits, depending on the level of funding. They do not charge any upfront fees to get started. The more profits you generate, the lower their share becomes.
The 5ers offers the popular MetaTrader 4 platform for trading forex, commodities, stocks, and indices. You’ll have access to leverage up to 1:400 for major currency pairs. They also provide trading tools, signals, and educational resources to help you succeed. Click here to get started on The 5ers today.
