The financial market is known as one of the most “fertile grounds” for traders to seek profits. However, investing in this market requires traders to have significant capital and years of experience to achieve success. Understanding this, many proprietary trading firms (prop firms) have emerged to provide funding for traders to trade with and share profits. Among these firms, The5ers stands out as one of the most established and reputable prop firms in the industry, gaining increasing attention from traders thanks to its flexible funding model and clear risk management policies.
Is The5ers trustworthy? Should traders consider joining The5ers? Let’s explore the answers in today’s detailed review by Pfinsight.net.
What is The5ers?
The5ers is a proprietary trading firm founded by Gil Ben Hur and Snir Ahiel in 2016. Its mission is to provide experienced Forex traders with access to trading capital so they can trade using the firm’s funds and share in the profits. The5ers stands out with its open evaluation process and substantial funding amounts – up to $4 million, depending on the program chosen by the trader.
Unlike trading with personal funds, which demands a significant financial investment, joining The5ers simply requires completing a set of challenges to prove your trading skills and risk management ability. Once you pass, you will be granted a funded account with a competitive profit split ranging from 50% to 100%, depending on the program.
Contact Information:
- Website: https://the5ers.com
- Discord: https://discord.gg/vA9ufaDXwm
- Email: help.desk@the5ers.com
- Address: 14 Haroshet St, Ra’anana, Israel
The5ers Review – Is The5ers Legit?
As you may know, The5ers is headquartered in Israel and has a subsidiary in the UK. Over time, it has gained popularity and recognition, especially among newer traders in the market. Thanks to this reputation, The5ers holds a stronger position and greater influence compared to many other prop firms currently operating.
However, it’s important to understand that most prop firms – including The5ers – are not regulated in the same way as forex brokers. Since they do not hold a brokerage license, they are not subject to oversight by major financial authorities. Instead, they self-regulate, which means the firm itself oversees all operations and provides the trading capital. As a result, traders must fully understand the associated risks before joining.
The5ers Review – Funding Programs
The5ers offers three main funding programs, each designed to suit traders of different experience levels – from beginners to seasoned professionals looking for scalable capital. Since each program has its own structure, evaluation criteria, and risk management rules, traders can choose the one that best aligns with their trading preferences.
Hyper Growth – Rapid Capital Scaling
This program is tailored for experienced traders who wish to quickly access large amounts of capital and are confident in their risk management abilities. Hyper Growth allows traders to reach profit targets while adhering to drawdown and behavior limits within a single evaluation phase.
Once the evaluation is passed, traders are granted a live funded account with competitive starting capital. If they maintain consistent performance over time, they have the opportunity to scale their capital up to $4 million.
High Stakes – Rigorous Challenge, Greater Rewards
Traders who prefer a more comprehensive and structured evaluation process may opt for the High Stakes program. This option consists of two evaluation phases, requiring traders to meet predetermined profit targets while maintaining consistency in risk management.
Although this challenge is slightly more demanding than Hyper Growth, successful participants gain access to a comprehensive funding system, attractive profit splits, and a clearly defined path to capital growth. It’s a strong choice for those who want to prove their abilities in a strictly managed environment.
Bootcamp – The Ideal Start for Beginners
Bootcamp is the best choice for new traders or those looking to improve their trading skills in a structured, educational setting. This comprehensive training program helps traders build a strong foundation before receiving real capital by combining theoretical guidance, practical experience, and performance assessments.
More than just a learning phase, Bootcamp serves as an essential first step in preparing traders’ mindset, strategy, and trading behavior for the professional trading world.
Despite each program having its own rules regarding drawdown, profit targets, and time limits, they all emphasize risk management and trading discipline – two critical components for success and long-term account sustainability with The5ers.
The5ers Review – Trading Platform
The5ers offers access to the widely used MetaTrader 5 (MT5) platform – known for its user-friendly interface, support for multi-asset trading (forex, indices, gold, etc.), advanced charting tools, and robust functionality. In addition, MT5 supports automated trading strategies (Expert Advisors), making it suitable for algorithmic traders.
Beyond offering a reliable platform, The5ers ensures traders are exposed to real market conditions, including competitive spreads, reasonable leverage (depending on the program), and a non-dealing desk environment, providing transparent and fair order execution.
The5ers Review – Payment Methods
Once a trader places their first trade on a funded account, the first payout is made after 14 days. Subsequent payments are then processed bi-weekly following the initial payout.
According to our research, The5ers accepts various payment methods including major credit/debit cards (Visa, MasterCard, Maestro, American Express), as well as bank transfers for both deposits and withdrawals.
What Are the Risks of Trading with The5ers?
Although The5ers is widely considered one of the most transparent and reliable prop firms in the industry, traders should be aware of several risks before joining any funding program.
Strict Risk Management Rules
- The5ers enforces tight risk controls, including:
- Total and daily drawdown limits
- Deadlines for reaching profit targets
- Requirements for maintaining continuous trading activity
Even if a trader is profitable, violating any of these rules may lead to account termination or disqualification. Traders must be extremely disciplined in both trading psychology and capital management.
Psychological Pressure During Evaluation
In programs like High Stakes or Hyper Growth, traders must hit their profit targets within a specific timeframe while following strict rules. This can create significant pressure, especially for those new to controlled-account environments.
Risk of Losing the Initial Fee
While The5ers refunds fees in some programs upon successful completion, failing the challenge results in losing the entire registration fee. Unlike traditional investments, this fee is non-refundable and not insured.
Not Suitable for All Trading Styles
The5ers’ rules may limit certain strategies such as high-risk trading, news trading, or short-term scalping. Because this environment prioritizes consistency, risk control, and sustainable growth, not all trading methods are suitable.
Tips for Trading a Funded The5ers Account Effectively
To make the most of your funded account and maximize profitability, consider the following:
- Study the firm’s rules carefully, especially those related to maximum loss, daily loss limits, and drawdown calculations.
- Limit your risk per trade to 0.5%-1%.
- Use a reliable and tested trading strategy.
- Start small to get familiar with the platform, rules, and interface.
- Manage your capital carefully – define daily and weekly loss limits, and reduce trading when in a losing streak.
- Always have a clear entry/exit plan and strictly follow all rules instead of reacting impulsively.
Conclusion
Overall, The5ers is one of the longest-standing prop firms in the market. However, there are still concerns regarding its regulatory status and security since it operates without a brokerage license. Therefore, traders should carefully consider all factors before investing in this prop firm.
We hope this The5ers Review has provided you with a comprehensive overview to help you decide whether this funding program is the right fit for your trading journey. Don’t forget to visit our website for more valuable insights and updates!