Overview
The 5%ers is a global proprietary trading firm established in 2016, headquartered in Raanana, Israel, with an additional office in London, UK. The firm offers traders worldwide the opportunity to manage funded accounts by passing evaluation challenges. Their mission is to provide a career-enhancing platform for forex traders, emphasizing risk management and consistent profitability.
Evaluation Model
The 5%ers offer several funding programs, each with its unique evaluation model:
- Bootcamp Program: A three-step evaluation process where traders start with a demo account and progress through stages by meeting profit targets and adhering to risk parameters. The program emphasizes low entry costs and offers unlimited time to pass each stage.
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- Hyper Growth Program: Designed for traders aiming for rapid capital growth, this program provides instant funding with the opportunity to scale up based on performance.
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High Stakes Program: A two-step evaluation model targeting experienced traders, offering higher initial funding and the potential for significant capital scaling.
Profit Split
Profit sharing varies across programs:
- Bootcamp: Starts at a 50/50 split, increasing to 75/25 and up to 100% as traders progress and scale their accounts.
- Hyper Growth: Begins with a 50% profit split, with opportunities to increase based on performance milestones.
High Stakes: Offers an initial 80% profit split, with the potential to reach 100% as traders scale their accounts.
Payments & Withdrawals
The 5%ers process payouts via Rise, cryptocurrencies, or by adding hub credits to the trader’s dashboard. These credits can be used toward purchasing programs.
Drawdown Rules
Drawdown limits vary by program and account level:
- Bootcamp: Maximum loss starts at 5% in initial stages, reducing to 4% in later stages.
- Hyper Growth & High Stakes: Specific drawdown rules are outlined in their respective terms and conditions, emphasizing strict risk management. Max Daily Drawdown: Varies based on the funding model but generally ranges from 4% to 6% per day.
Overall Drawdown: The firm allows a maximum drawdown of 6% to 12%, depending on the program.
Equity-Based: Drawdown calculations are based on equity rather than balance, meaning floating losses count towards drawdown limits.
Trading Platforms
The 5%ers utilize the MetaTrader 5 (MT5) platform, offering advanced charting tools, automated trading capabilities, and a user-friendly interface suitable for traders at all levels.
Scaling Plan
The firm offers a structured scaling plan across its programs. For instance, in the Bootcamp program, traders can scale their accounts incrementally upon achieving specific profit targets, eventually reaching up to $4,000,000 in funded capital.
Payout Process
Traders can request payouts biweekly. The firm processes payments through Rise, cryptocurrencies, or by adding hub credits to the trader’s dashboard, which can be used for purchasing programs.
Available Trading Instruments
The firm supports a wide range of instruments, including
- Forex Pairs: Major and minor currency pairs
- Metals: Gold and Silver.
- Indices: SP500, UK100, NAS100, DAX40, US30, JPN225.
- Cryptocurrencies: Various crypto assets.
Specific asset specifications and leverage details are provided on their website.
Account Sizes
Account sizes vary based on the chosen program:
Account Sizes
Account sizes vary based on the chosen program:
- Bootcamp: Starting from $5,000 up to $250,000.
- Hyper Growth & High Stakes: Offer higher initial funding amounts, with specific details available in their respective program descriptions.
Profit Target
Profit targets differ across programs:
- Bootcamp: Each stage requires a 6% profit target, with the final stage requiring 5%.
- Hyper Growth & High Stakes: Profit targets are outlined in their respective program terms, emphasizing achievable goals aligned with risk management.
Maximum Funded Capital
Traders have the opportunity to scale their accounts up to $4,000,000 based on consistent performance and adherence to risk management rules.
Regulation & Security
While The 5%ers is not regulated by any financial authority, they implement AML (Anti-Money Laundering), KYC (Know Your Customer), and KYB (Know Your Business) policies to ensure compliance with applicable laws. Traders are subject to these checks, particularly upon successfully passing the evaluation stage.
Final Rating & Verdict
Criteria
Rating (Out of 10)
Prop Firm Overview
9.0
Evaluation Model
8.5
Profit Split
9.0
Payments & Withdrawals
8.0
Regulation & Security
7.0
Maximum Funded Capital
9.5
Drawdown Rules
8.5
Trading Platforms
9.0
Scaling Plan
9.0
Payout Process
8.0
Trading Instruments
8.5
Account Sizes
8.5
Profit Targets
8.0
Overall Score
8.5
Final Verdict
The 5%ers stands out as a reputable proprietary trading firm offering diverse funding programs tailored to various trading styles and experience levels. With a focus on risk management, scalability, and trader development, they provide a solid platform for traders seeking to advance their trading careers. While the lack of formal regulation may be a consideration for some, their transparent operations and structured programs make them a compelling choice for aspiring funded traders