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Comparison · Forex

Trading styles allowed at Fundex and The5ers

Fundex enters the market as a newer option (2025) offering static drawdown and ultra-fast payouts within 24 hours, with prices for a $100,000 account starting at $529. The5ers, established in 2016, provides a highly diversified range of programs with prices as low as $149 for limited-time $100k challenges and a focus on long-term scaling up to $4 million. Both firms allow news trading and weekend holding, but they differ significantly in their execution platforms and how they measure daily risk.

Updated on

Scalping and High-Frequency Trading

Scalpers will find different levels of freedom depending on the specific plan chosen in these firms.

  • Fundex: In the "2-Step Classic" evaluation, every trade must remain open for at least 3 minutes. Violating this rule leads to a warning and eventually a breach. However, the "2-Step Pro" evaluation and all funded accounts have no minimum holding time. Trading is done via MatchTrader or the proprietary Fundex Terminal.
  • The5ers: Scalping is generally allowed without time-based restrictions. For high-precision execution, they offer MetaTrader 5, cTrader, and TradingView, which are often preferred by scalpers over proprietary terminals.
  • Risk and Costs: Fundex applies a 5% daily drawdown measured on equity. The5ers uses an End-of-Day (EOD) high-watermark calculation for daily loss (3% to 5% depending on the plan), which can be more forgiving for scalpers who close positions before the day ends.

News Trading

Both firms are relatively flexible regarding news trading, but with specific caveats for certain programs.

  • Fundex: News trading is fully permitted without restrictions on opening or closing orders during high-impact events. This is ideal for volatility traders.
  • The5ers: Restrictions depend on the account type. In the "High Stakes" program, traders are not allowed to open or close orders 2 minutes before and after a news release; doing so results in a profit deduction. However, in Hyper-Growth and Bootcamp programs, news trading is fully allowed (except for news bracketing).
  • Platform Impact: Fundex Terminal uses integrated data from Bitunix and Lighter for crypto news trading. The5ers’ use of established brokers/liquidity providers offers a more traditional environment for forex news.

Automated Trading (EAs) and Algorithms

Traders using Expert Advisors must ensure their strategy is original to avoid being flagged for prohibited behavior.

  • Fundex: EAs are allowed as long as the underlying strategy belongs to the trader. Prohibited strategies include HFT (High-Frequency Trading), arbitrage, martingale, grid, and external trade-replication.
  • The5ers: EAs are permitted, but the firm requires the trader to own the source code or have a unique strategy. They strictly prohibit third-party "pass-your-challenge" services and tick scalping.
  • Interactions: Fundex allows weekend holding, which is beneficial for automated systems that don't want to close positions Friday night. The5ers also permits weekend holding across its programs.

Swing Trading and Long-Term Positions

For those who hold trades for days or weeks, the drawdown structure and swap fees are the most critical factors.

  • Fundex: Uses a static maximum drawdown (10% for Classic, 8% for Pro), which does not trail your profits. This is excellent for swing traders as it provides a fixed safety net. However, they do not offer swap-free accounts.
  • The5ers: Offers "Swap Free" accounts upon request for the funded stage. Their maximum drawdown is balance-based, which is also favorable for long-term positions.
  • Risk Management: Fundex requires a minimum trading day count of 5 days for Classic accounts (with a notional value of at least 5% of the balance), whereas Pro accounts have no such requirement.

Copy Trading and Hedging

These strategies are the most heavily restricted to prevent risk manipulation across different accounts.

  • Fundex: Hedging or arbitraging between multiple Fundex accounts or between Fundex and external accounts is strictly prohibited. Copy trading and replicated signals are also banned.
  • The5ers: Allows copy trading between your own accounts, but once you manage $500,000 or more in total capital, copying trades between accounts is no longer permitted. Hedging across different accounts is prohibited.
  • Limits: Fundex caps total funded allocation at $400,000, while The5ers allows scaling up to $4,000,000 in certain programs like Bootcamp.

If you trade like this

  • If you want the fastest payouts: Choose Fundex, as they process most requests via Rise within 60 minutes and all within 24 hours.
  • If you are a professional scalper using cTrader: Choose The5ers, as Fundex is limited to MatchTrader and their own proprietary terminal.
  • If you prefer a static drawdown that never moves: Choose Fundex, as it provides a clear 10% or 8% limit from the starting balance.
  • If you want to scale to millions of dollars: Choose The5ers, specifically their Bootcamp or Hyper-Growth programs which have clear paths to $4M.

Frequently asked questions

Which firm is more affordable for a $100,000 challenge, Fundex or The5ers?

The5ers is significantly more affordable for this size, especially with their "Summer Plan" 2-Step challenge priced at $149 (limited time) or their "High Stakes" challenge at $455. In contrast, Fundex charges $529 for their 2-Step Classic $100k account and $749 for the 2-Step Pro version.

Who offers faster profit withdrawals, Fundex or The5ers?

Fundex offers much faster payouts, processing requests on demand within a maximum of 24 hours (including weekends) with no fixed waiting periods. The5ers requires a 14-day waiting period after the funded account is activated for the first withdrawal, and subsequent payouts are available every two weeks.

Which firm has more restrictive rules for scalpers, Fundex or The5ers?

Fundex is more restrictive for scalpers specifically in their "2-Step Classic" evaluation, which enforces a 3-minute minimum trade duration. The5ers does not have a minimum holding time rule. However, Fundex removes this restriction in their "Pro" plan and once the trader is funded.

Which platforms can I use to trade with Fundex versus The5ers?

The5ers offers a wider and more professional selection of platforms, including MetaTrader 5, cTrader, and TradingView. Fundex is more limited, offering only MatchTrader and a proprietary "Fundex Terminal" specifically designed for crypto and tokenized assets.

Field by field

Fundex and The5ers, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

56 differences

10%off · Exclusive
Headquarters

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

14 Haroshet st, Raanaa, Israel

Country

Panama

Israel

Foundation

2025

2016

Banned Countries
Pakistan, Afghanistan, Myanmar, Iraq, Somalia, Sudan, South Sudan, Libya, Yemen, United Arab Emirates, North Korea, Iran, Syria, Cuba, Belarus, Russia
Afghanistan, Belarus, Burundi, Central African Republic, Cuba, Congo Republic, Crimea, Democratic Republic of Congo, Donetsk, Eritrea, Guinea, Guinea-Bissau, Iraq, Iran, Israel, Kherson, Laos, Lebanon, Liberia, Libya, Luhansk, Myanmar, North Korea, Palestinian Territory, Papua New Guinea, Russia, South Sudan, Sudan, Somalia, Syria, Vanuatu, Venezuela, Yemen, Zaporizhzhia
CEO
No data

Saul Lokier

Assets
Forex, Commodities, Indices, Stocks, ETFs, Crypto
Forex, Indices, Commodities, Crypto, Stocks
Brokers

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Liquidity Provider

Refund
No

Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.

Yes

High Stakes: Full refund after passing evaluation.

  • Summer 1-Step: 10% of the evaluation fee in Hub Credits once funded.
  • Summer 2-Step: 10% Hub Credits after Step One, 20% after Step Two, and 70% fee refund with the third payout.
Platforms
Propietary Platform
MetaTrader 5, cTrader, TradingView
Payout Methods
Rise
Rise, Transfer, Crypto
Payment Methods
Card, Crypto, ApplePay, GooglePay
Card, Transfer, Crypto, GooglePay, ApplePay, PayPal
Payout Frequency

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

  • First withdrawal: 14 days after your funded account is activated.
  • Subsequent withdrawal requests: Every 2 weeks from your last approved withdrawal.
  • High Stakes Program: Withdrawals available once a minimum profit of $150 has been reached, subject to the 14-day waiting period.
Crypto Weekend Trading
Yes
Yes
Maximum Withdrawal

No published maximum.

Crypto: $1,500

  • High Stakes $50K: $3,000 payout cap per cycle.
  • High Stakes $100K: $4,000 payout cap per cycle.
  • Summer $50K (1-Step and 2-Step): $1,000 payout cap per withdrawal.
  • Summer $100K (1-Step and 2-Step): $2,000 payout cap per withdrawal.
  • Summer 2-Step $200K: $3,000 payout cap per withdrawal.
Minimum Withdrawal

$50

  • High Stakes $2.5K-$25K: $150
  • High Stakes $50K: $300
  • High Stakes $100K: $500
  • Summer Plan: $250
Payout Fee
No data
  • Rise: 3.5% per withdrawal
  • Crypto: 3.5% per withdrawal
  • Bank Transfer: 3.5% + any fees charged by the receiving bank
  • Hub Credits: no commission
Demo Account
No data
Metatrader 5
ID2324783Passwordinvestor5ersServerFivePercentOnline-Real
Forex
100:1
  • High Stakes: 100:1
  • Hyper-Growth: 30:1
  • ProGrowth: 30:1
  • Bootcamp: 30:1
Metals

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

  • High Stakes: 25:1
  • Hyper-Growth: 25:1
  • ProGrowth: 25:1
  • Bootcamp: 25:1
Energies
20:1
  • High Stakes: 5:1
  • Hyper-Growth: 1.5:1
  • ProGrowth: 1.5:1
  • Bootcamp: 1.5:1
Indices
20:1
  • High Stakes: 25:1
  • Hyper-Growth: 25:1
  • ProGrowth: 25:1
  • Bootcamp: 25:1
Stocks
1:1
No data
Crypto

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

  • High Stakes: 2:1
  • Hyper-Growth: 0.6:1
  • ProGrowth: 0.6:1
  • Bootcamp: 0.6:1
Crypto
0.02% - 0.06%
0
Forex
No data
4 / lot
Metals
No data
0
Energies
No data
0
Indices
No data
0
Commission-Free Option
No data
No
Swap Free
No
Yes

The5ers do offer Swap Free accounts on theFunded stage, reach out via support chat or email help@the5ers.com to request yours.

Add-ons
No
No
Instant
No
No
One Step
Yes
Yes
Account scaling
No
Yes

Hyper-Growth:

Account Balance Balance Target (10%) Payout Ratio
$20,000 $2,000 50%/50%
$40,000 $4,000 75%/25%
$80,000 $8,000 75%/25%
$160,000 $16,000 75%/25%
$320,000 $32,000 75%/25%
$640,000 $64,000 80%/20%
$1,280,000 $128,000 80%-100%
$4,000,000 NA 80%-100%

 

High Stakes & ProGrowth:

Account Balance Balance Target (10%) Payout Ratio
HS - $5,000 $5,500 80%/20%
$7,500 $8,250 80%/20%
HS- $10,000 $11,000 80%/20%
$12,500 $13,750 80%/20%
$15,000 $16,500 80%/20%
HS- $20,000 $22,000 80%/20%
$30,000 $33,000 80%/20%
$40,000 $44,000 80%/20%
$50,000 $55,000 80%/20%
HS- $60,000 $66,000 80%/20%
$70,000 $77,000 80%/20%
$80,000 $88,000 80%/20%
HS- $100,000 $110,000 80%/20%
$125,000 $137,500 80%/20%
$150,000 $165,000 80%/20%
$175,000 $192,500 85%/15%
$200,000 $220,000 85%/15%
$250,000 $275,000 90%/10%
$300,000 $330,000 90%/10%
$350,000 $385,000 100%/0% + $4,000 pago fijo*
$400,000 $440,000 100%/0% + $4,000 pago fijo*
$450,000 $495,000 100%/0% + $4,000 pago fijo*
$500,000 X 100%/0% + $10,000 pago fijo*

 

Bootcamp:

Account Balance Maximum Loss (4%) Profit Target (5%) Payout Ratio
Start $20k $800 $1,000 50/50
$25k $1,000 $1,250 75/25
$30k $1,200 $1,500 75/25
$40k $1,600 $2,000 75/25
$50K $2,000 $2,500 75/25
$60K $2,400 $3,000 75/25
$80K $3,200 $4,000 75/25
$100K $4,000 $5,000 75/25
Start $100k $4,000 $5,000 50/50
$125k $5,000 $6,250 75/25
$150k $6,000 $7,500 75/25
$175K $7,000 $8,750 75/25
$200K $8,000 $10,000 75/25
Start $250K $10,000 $12,500 50/50*
$275K $11,000 $13,750 75/25
$300K $12,000 $15,000 75/25
$350K $14,000 $17,500 75/25
$400K $16,000 $20,000 75/25
$500K $20,000 $25,000 75/25
$750K $30,000 $37,500 75/25
$1M $40,000 $50,000 75/25
$1.5M $60,000 $75,000 75/25
$2M $80,000 $100,000 80/20
$2.5M $100,000 $125,000 100/0
$3M $120,000 $150,000 100/0
$3.5M $140,000 $175,000 100/0
$4M $160,000 $200,000 100/0

 

Summer Plan $100K:

Account Balance Balance Target (10%) Payout Ratio
$100,000 $10,000 75%/25%
$125,000 $12,500 75%/25%
$150,000 $15,000 75%/25%
$175,000 NA 75%/25%

The $200,000 Summer 2-Step does not scale; its balance remains fixed at $200,000.

Two Steps
Yes
Yes
Max Drawdown
  • 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
  • 2-Step Pro: 8% static maximum drawdown.
  • 1-Step Classic: Static evaluation drawdown based on starting balance and measured on equity, including open positions.

Balance-based

Profit Split

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
1-Step Classic: the trader profit split is shown in each challenge and is calculated when the payout is requested.

Bootcamp and Hyper-Growth: Starts at 50%. It grows up to 100% through scaling
High Stakes and ProGrowth: Starts at 80%. It grows up to 100% through scaling
Summer 1-Step: 75%/25% (fixed across scaling tiers, limited-time)
Summer 2-Step: 80%/20% (fixed, limited-time; the $200K does not scale)

Free Trial
Yes

A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.

No
Profit After Breach

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

No data
Daily Drawdown

Evaluation: the daily loss limit is recalculated at 00:00 UTC from the balance at that time and measured on equity, including open positions. The applicable percentage is shown in each challenge. There is no daily loss limit at the funded stage.

Highest balance or equity recorded at the end of the day (EOD high-watermark).

Daily pause (only Bootcamp): The 3% daily pause applies only to funded accounts. Traders can continue trading the very next day at 00:00 MT5 Server Time.

ProGrowth: 3% daily loss (highest between starting equity or starting balance of the day at MT5 Server Time). No daily pause.

Summer Plan: The EOD calculation uses the higher of balance or equity. Reaching the daily loss limit permanently terminates the account.

Three Steps
No
Yes
Max Allocation
400,000

High Stakes

  • Up to 3 accounts on each of the $2.5K, $5K, and $10K sizes (10% / 5%)
  • One account of either $10K or $20K
  • One account of either $60K or $100K

ProGrowth

3 accounts max, one of each size ($5K, $10K, and $20K).

Hyper-Growth

$40,000. (eg. you can have 4 X $10K, or 2 X $20K accounts all adding to the max starting capital of $40K)

Bootcamp

3 accounts (one $250K account + two $100K accounts). Each account must have a different trading method.

Summer Plan

Up to 6 active accounts. Two accounts may be purchased together.

Maximum aggregate buying power: $600,000 per trader.

  • Up to one $200K 10/5 account and one $200K 8/5 account at the same time.
  • Both $200K accounts total $400K, leaving up to $200K for additional $100K Summer Plan accounts.
  • $50K: up to two accounts of each type (1-Step, 2-Step 10/5 and 2-Step 8/5), within the $600,000 cap.
Maximum Accounts

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

No data
Merge Accounts
Yes

Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.

No
Maximum Trading Days

No maximum time limit.

Unlimited

Minimum Trading Days
  • 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
  • 2-Step Pro: No minimum trading days.
  • 1-Step Classic: 5 evaluation trading days. A day counts only if at least one trade has a notional size of at least 5% of the account balance before leverage.
No data
Monthly Competition
No
No
Points Reward Program
No data

Hub Credits are used to purchase new programs and are valid for 3 months.

They can be earned through weekly competitions, progress in the High Stakes program, or live stream giveaways.

Minimum Profitable Days
No data

High Stakes: 3 days to pass evaluation (+0.5%)
ProGrowth: 3 profitable days (+0.5% of initial balance)

Expert Advisor (EA)
Yes

EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.

Yes
VPN
No
Yes
Hedging
Limited

Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.

No
Requires Stop Loss
No
No
  • Hyper-Growth, ProGrowth and High Stakes: Not mandatory
  • Bootcamp: Mandatory. You are not permitted to expose more than 2% of your starting account balance to risk, and the stop-loss must be placed within three minutes of opening any trade.
Scalping
Limited
  • 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
  • 2-Step Pro: No minimum holding time during evaluation or once funded.
  • 1-Step Classic: Every evaluation trade must remain open for at least 3 minutes, including TP/SL closures. The first violation generates a warning; repeated violations cause a breach. No minimum holding time once funded.
Yes
Stacking / Layering (DCA)
No
Yes
Martingale
No
No data
Maximum Risk Limit
Limited

During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
1-Step Classic: Position exposure is measured as notional value relative to equity. Per position, up to 25% is compliant, over 25% through 40% generates a warning, and above 40% is a violation subject to review. Total simultaneous exposure during evaluation: up to 50% is compliant, over 50% through 80% generates a warning, and above 80% is a violation. Once funded, total exposure above 60% is a violation.

Yes

Bootcamp: Risking more than 2% of the account balance in a single position will be considered a risk violation.

Copy Trading
No
Yes

If you have multiple Bootcamp accounts, they will need to be traded with different strategies

When managing $500,000 or more including all your accounts, you are not allowed copy trades between accounts anymore

News Trading
Yes
Yes
  • Hyper-Growth, ProGrowth and Bootcamp: Allowed (except bracketing)
  • High Stakes: Not allowed to open/close orders 2 minutes before/after the release (profit deduction only)
Consistency Rule
No
Limited
  • Summer 1-Step: 50% consistency in Evaluation and Funded Trader stages.
  • Summer 2-Step: no consistency rule in Evaluation.
    • $100K funded accounts: 50% applies to profits used for withdrawals or scale-up.
    • $200K funded accounts: 50% applies to profits used for withdrawals; these accounts do not scale.
Hold Weekend
Yes
Yes
Prohibited Strategies
  • Latency arbitrage, spike catching and tick manipulation
  • Exploiting errors, price-feed delays or technical malfunctions
  • HFT inconsistent with realistic retail trading
  • Martingale, grid and all-in betting
  • Hedging or arbitrage across accounts or firms
  • Copy trading, replicated signals and self-copy trading
  • Front-running and use of non-public information
  • Market manipulation, order spamming and toxic flow
  • Materially changing strategy after passing the evaluation
  • Gambling behaviour, overleveraging or correlated position stacking
  • Arbitrage Trading
  • High-Frequency Trading (HFT)
  • Bulk Trading
  • News Bracketing Strategy
  • Exploitation of System Errors or Price Glitches
  • Trade Coordination / Copy Trading
  • One-Sided Trading Strategies
  • Rollover Night Scalping Using Expert Advisors
  • Third-Party Expert Advisors (Copy Trading EAs)
  • Use of Expert Advisors Without Source Code Ownership
  • Tick Scalping
  • Hedge Arbitrage Trading
  • Reverse Arbitrage Trading
  • Account Sharing or Account Reselling
  • Account Management Services / "Pass Your Challenge" Services
Inactivity Rule
No data

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