The5ers

General Company Information

The5ers, founded by Gil Ben Hur in 2016, is one of the oldest funding firms currently in existence. Based in Raana, Israel, and led by CEO Saul Lokier, it has managed not only to survive the test of time but also to position itself as one of the most prestigious firms, if not the number one.

It’s worth highlighting its three distinct programs, each tailored to a wide range of traders. Furthermore, the trading conditions and experience are unbeatable, with very low spreads and MT5 as the sole platform.

Evidence

As I’ve already mentioned, the funding testing offering is one of the most heterogeneous among all prop firms. I personally am not a big fan of this approach, as in most cases I don’t find sufficient justification for creating so many testing variants, and I suspect the real reason behind this is often to mix up rules and confuse traders, thereby lowering the success rate.

However, I think The5ers may be an exception in this regard, as each program is genuinely different from the rest in how it works, and I can’t imagine traders being very interested in one program but not even considering joining one of the others.

High Stakes is the most common challenge, the classic two-phase challenge. Hyper Growth and Bootcamp, on the other hand, are quite innovative and offer very interesting possibilities.

It’s worth highlighting the great importance of scaling at Th5ers. Often considered a secondary consideration in many other firms, The5ers’ three programs have a scaling system that naturally adapts to traders who do things right and achieve good results.

Common rules

Weekend

It is permitted to keep operations open over the weekend.

It’s not advisable to do this with indices and other assets like oil. The latter can increase the swap commission up to 10 times over the weekend.

News

News trading is permitted on Hyper Growth and Bootcamp accounts. Bracketing strategies and extremely aggressive trading that lacks a minimum level of risk management are excluded.

Inactivity

Accounts that do not have at least one transaction within a 30-day period will be considered inactive and deactivated.

Trade Copier

Copying trades between your accounts is allowed. The only limitation is that if you have multiple Bootcamp accounts, each must have a different strategy.

Consistency

Switching between different strategies and trading methods within the same account is not permitted.

Stop Loss

Stop loss is not mandatory in Hyper Growth and High Stakes programs. See the Bootcamp rules for more information.

Minimum days operated

There is no minimum number of days of operation to pass the assessment for the Hyper Growth and Bootcamp programs. See the High Stakes rules for more information.

Time limit

There is no time limit to pass the assessment.

Expert Advisor

You are allowed to use Expert Advisors as long as you don’t copy someone else’s trades, engage in HFT, or engage in arbitrage.

Martingale and Grid

Martingale is allowed in The5ers. I haven’t been able to find any specific mention of grid.

Hedging

Hedging within the same account is allowed.

Account Merger

It is not possible to merge accounts

Prohibited Practices

• Bracketing in news.
• HFT, rollover arbitrage, spread arbitrage, and other methods that exploit vulnerabilities in the demo environment and tick scalping.
• Tick Scalping.
• Copy trading.
• EAs that copy another trader’s trades.
• EAs whose source code does not belong to the trader.
• Arbitration between accounts.
• Share or sell accounts.

Total Maximum Drawdown

The maximum drawdown is static across all programs.

Maximum daily drawdown

The maximum daily drawdown is calculated based on the balance or equity (whichever is greater) at the beginning of the day 00:00 UTC+3.

Daily pause

This rule replaces the classic maximum daily drawdown in the Hyper Growth and Bootcamp programs. The price at which it is triggered is calculated in the same way as the maximum daily drawdown.

If equity reaches this level, all trades are closed, and no more can be opened until the following day. The account is not lost.

Hyper Growth / 1 phase

On the website, they refer to this program as both a one-phase program and an instant program, which may seem like a contradiction. But it’s not entirely misguided, as it’s, in a way, a combination of the two concepts.

Operation

After making the initial payment, we’ll be assigned an account at the first level of the scaling system. At this first level, we’ll only be able to withdraw earnings once we reach the 10% target. After this, we can withdraw our money at a 50% rate, and we’ll move on to the next level.

Starting at the second level, we can withdraw as we please in 14-day cycles, at a rate of 75% (which increases at later levels). Every time we achieve a 10% profit without breaking any rules, we’ll level up. This basically doubles the account size.

Account Sizes and Pricing

• $10k → $260
• $20k → $450
• $40k → $850

Maximum number of accounts

The maximum initial capital size for all trader accounts is $40,000. This means that you can have:

• 1 $40k account
• 2 accounts of $20k
• 2 accounts of $10k and one of $20k
• 4 accounts of $10k

Rules

• Maximum total drawdown → 6%
• Daily pause of 3% instead of the normal Daily Drawdown.

Scaling

• The benefit needed to level up is 10%.
• The account size of each level is double the previous one.
• Profit sharing starts at 50% at the first level and increases to 75% at the second level. It can reach 100% at later levels.
• It is not possible to withdraw at the first level until 10% profit is reached.
• All three account sizes have the same scaling and maximum size. The $10k account has one more level than the $20k account, and the $20k account has one more level than the $40k account.

Leverage

The Hyper Growth program has a leverage of 1:30

Bonus

Each time a level is completed, the trader receives a bonus, in addition to the corresponding profit share.

High Stakes / 2 phases

Operation

This program follows the basic principles found in most funding companies. It consists of two phases, the second of which is validation and has a lower profit target, making it easier to complete.

Account Sizes and Pricing

• $5k → $39
• $20k → $165
• $60k → $300
• $100k → $495

Maximum number of accounts

The maximum number of High Stakes accounts is 3:

• 1 $5k account
• 1 $20k account
• 1 account of $60k or $100k

Rules

• Maximum total drawdown → 8%
• Maximum daily drawdown → 5
• Minimum profitable days (0.5% profit or more) → 3
• It is possible to maintain open positions during high-impact news.
• It is not permitted to open or close any position 2 minutes before or after a high-impact news event. This event is automatically detected. Profits will be withdrawn, and if the situation recurs, the account will be suspended.

Scaling

• The benefit needed to level up is 10%.
• Profit sharing is 80% up to $150,000. It then increases to 100% at $350,000.
• Starting at $350k, the trader receives a monthly salary of $4k and a customized contract.
• The scaling table is the same for all account sizes. The smaller the account size, the lower you start on the table.

Leverage

Leverage in the High Stakes program is 100:1.

Bonus

The trader receives a bonus upon successfully completing the first phase of the evaluation.

Refund

The trader receives a full refund of the test price upon successful completion of the second phase of the evaluation.

Bootcamp / 3 phases

Operation

The Bootcamp program allows you to obtain a large account for a nominal fee. In return, you’ll need to complete three evaluation phases before obtaining a funded account.

This is certainly very difficult to achieve, something that will likely take several attempts, but The5ers allows us to pay only a portion at the time of purchase. We would pay the rest once we passed the three tests, and with that, we would have a funded account.

Account Sizes and Pricing

• $100k → $95 + $205
• $250k → $225 + $350

Maximum number of accounts

The maximum number of simultaneous Bootcamp accounts is 3:

• 2 accounts of $100k
• 1 $250k account

Each account should have a different strategy.

Rules

• Maximum total drawdown during the evaluation → 5%
• Maximum total drawdown on the funded account → 4%
• There is no Daily Pause during any of the evaluation phases.
• Daily pause on the funded account → 3%
• A mandatory stop loss is required whenever a position is opened. There is a 3-minute window to set it. Failure to set it constitutes a minor risk violation.
• Stop Losses cannot risk more than 2% of the account per trade. Risking more constitutes a minor risk violation.
• If 5 risk violations are reached, the account will be deleted.

Scaling

• The benefit needed to level up is 5%.
• Profit sharing starts at 50% at the first level, increases to 75%, and scales up to 80% starting at $2 million.
• The scaling table is the same for both account sizes. The smaller the account size, the lower you start on the table.

Leverage

The leverage in the Bootcamp program is 10:1.

Bonus

The trader receives a bonus upon successfully completing the first phase of the evaluation.

Technical details

Broker

Th5ers does not use the services of any broker, but works directly with different liquidity providers.

Platform

Only the Metatrader 5 platform is available.

Instruments

• Forex
• Major pairs only. Combinations of USD, EUR, GBP, CHF, JPY, ZND, and AUD.
• Indexes
• American indices: S&P 500, NASDAQ 100, Dow Jones
• Japanese Nikkei
• German DAX
• UK FTSE 100
• Metals
• Gold and silver.
• Raw Materials
• UK Brent
• US Oil
• Crypto
• BTC and ETH

Commissions

• Forex and metals → $4 per lot (round trip)
• Indexes → $2
• Crypto and commodities → Commission-free

Spread and slippage

The5ers spreads are extremely low and quite possibly the best you can find at any funding company today.

It’s normal, for example, to see the most frequently traded forex pairs consistently at 0 spreads for most of the day. All other pairs will also be much better than average.

Regarding slippage, in my experience it’s very good and doesn’t give the impression that they’re trying to squeeze pips at any point, as is quite common with other companies. This is also confirmed by many other reviews found online.

Demo Account

You can check the spreads and trading conditions for yourself through their public demo account:

• Platform → MetaTrader 5
• Server → FivePercentOnline-Real
• Login ID → 24088398
• Password → Investor5ers.

IP Restriction

Account access is permitted from multiple IP addresses and/or devices, as long as they are in the same geographic area and not connected simultaneously.

Web

The5ers website does its job, without standing out, when it comes to providing information and presenting its service.

The design seems acceptable to me and in line with its brand image, although I might have expected something more from a company of its size.

The website loads quickly and is pleasant to browse while looking for information about their plans.

Languages

There are versions in English and Spanish, but the Spanish version only seems to work on the home page. Honestly, to put that in, it’s better to leave it out and just offer the English version.

Documentation

The content is quite comprehensive, both on each program’s page and in the FAQ section. Despite the three very different programs, you can understand everything fairly quickly.

User Area

It’s nothing special, but it works quickly and smoothly.

Educational content

• General trading course.
• Scalping course.
• Supply and demand course.

Tools

• Market sentiment.
• News calendar.
• Indicators and tools for MT5:
• Max lot calculation
• Risk exposure
• Drag and Trade
• Autochartist

Payments and withdrawals

Payment Methods

• Transfer
• Card
• Crypto
• Credits (bonus)
• PayPal
• Apple Pay
• Google Pay

Withdrawal Methods

• Crypto
• Rise
• The5ers Visa Card

Withdrawal Conditions

• The first withdrawal can be made 14 days after the account is funded. After that, you can withdraw again every two weeks. Unless you manage to advance to the next escalation level, in which case the counter will reset.
• The minimum withdrawal is $150.
• Direct crypto payments to the wallet are limited to $1,500. For larger amounts, you’ll need to use Rise.

The5ers Visa Card

The5ers recently launched its own card. Forget about withdrawing money and complicating your life. Now you can use your benefits directly in your daily life with this card.

You have the option to request a physical card or simply use it virtually, whichever you prefer.

The fees and commissions (which you can find here) are quite high compared to those offered by a bank or similar service. On the other hand, it offers the possibility of using the money earned directly without complications and leaving a minimal trace.

Restricted Countries

Currently, traders from the following countries are not allowed to trade with The5ers:

United States, Afghanistan, Burundi, Central African Republic, Cuba, Congo Republic, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iraq, Iran, Israel, Laos, Liberia, Libya, Myanmar, North Korea, Palestinian Territory, Papua New Guinea, South Sudan, Sudan, Somalia, Syria, Vanuatu, Venezuela, Yemen.

My opinion on The5ers

In recent times, The5ers has positioned itself in the public eye as the most reliable and prestigious funding company, dethroning the powerful FTMO.

This popularity hasn’t been achieved through marketing or promotions, but simply by offering the best trading conditions and treating traders the way they deserve. Personally, it’s not my favorite, but I understand why it might be for many.

What I like the most

• The trading conditions. The spread is unbeatable.
• The good reputation and popularity it has garnered in recent years. It’s one of the most widely used companies, yet it’s hard to find dissatisfied traders.
• The track record. It was founded in 2016, just a year after FTMO. They’ve not only survived, but grown to become the top company.
• I think they have a business whose interests are aligned (at least partially) with those of traders. I don’t think they’re a company whose interest is purely profiting from failed funding tests. This is pure speculation and personal belief, based on my perception of the company and interviews I’ve seen with its CEO, Saúl.
• The scaling program is simple and has no fancy rules. Reach your target and level up. Another factor to believe they’re interested in our success.

What I like least

• I don’t like the Daily Pause at all. It takes away a lot of room for maneuver from swing and algorithmic traders (since it’s also calculated using the highest value).
• Both the maximum daily drawdown and the daily pause are calculated based on the highest value between balance and equity.
• The High Stakes account regulates news differently. This is the program I’m most interested in by far, but the two-minute rule automatically rules it out for my trading style.
• They don’t have any exotic forex pairs. I personally like some of the minor currencies like SEK, NOK, SGD, or MNX. They’re great for swing trading when the major pairs are stagnant.