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The post The5ers Review by Benzinga Sponsored appeared first on Benzinga. Visit Benzinga to get more great content like this.
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The5ers was established in 2016 by experienced, active traders and is one of the most reputable prop firms. The company provides experienced traders with access to the firm’s capital when trading. This feature allows traders to trade with more capital than they have access to on their own. The5ers provides the most experienced investors with access to up to 1:100 leverage.
The5ers allows qualified traders to access more capital when trading the forex, indices, and metal market using the company’s private trading fund. This process allows the trader to avoid the most common issue that traders run into when trying to enter the market — the need to choose between withdrawing profits or growing their accounts. At The5ers they can both withdraw and yet get more funds to manage. The5ers solves this problem by funding your account with real money, allowing you to trade and see profits using the company’s margin. In exchange, The5ers takes a portion of any profits you earn.
If the idea of using a company’s private funds to trade and attempt to make money sounds too good to be true, know that you’ll already need to have a profitable forex strategy to implement to qualify for a 5ers account. Before you can get started, you’ll need to pay a one-time fee to access an evaluation program, which will set you up with a series of trading goals. If you meet your trading goals, you’ll gain access to increased funds, allowing you to take home more profits as long as you continue to produce the same results.
The5ers offers a number of funding programs, and the best program for you might vary depending on your skill level as a trader and your unique trading strategy.
Bootcamp Program
The5ers Bootcamp Program is the only low-cost entry program in the industry that traders can use as an entry point to get funded. If you’re experienced or a beginner in trading and you think you’re ready to get funded, the Bootcamp Program can be an excellent way to start your journey. Here’s how it works.
Apply for your account and pay a small fee: To gain access to the Bootcamp Program, you’ll need to apply and pay a portion of the funding fee. To enroll, your upfront fee will range between 95 and 225 euros depending on whether you’ll be starting with $100,000 or $250,000, and only if you pass you’ll need to pay the rest. It’s also the lowest price in the industry for a $100K funded account and a $250K funded account
Complete the funding challenges: Once your account is open, you’ll have full access to a demo trading account to show your skills. Before you get access to real funding and start seeing profits, you’ll need to prove that you’ve got a viable strategy by completing a 3-steps challenge. If you meet all your targets without hitting the maximum losses per level in 12 months, you will qualify to open a funded account.
To meet these targets, you’ll need to use a stop-loss order on all orders placed.
Earn a full account: After you hit your profit targets, you’ll begin seeing real profits and take a cut off your trades. The profit split and account balance increase every 5% target according to the scaling plan up to $4M.
Investors can realize up to 100% of the profits from each trade with less risk, as they’re using The5ers’s capital to exchange currencies.
Instant Funding
Instant Funding accounts provide you with instant access to a funded capital trading account. Initial account balances range from $5,000 to $20,000 depending on the account type you apply for as well as your trading qualifications. All accounts can grow up to $4M
Like the Bootcamp Program, you’ll need to meet a series of profit goals to retain access to your trading capital. You cannot place just any type of order, and the profits that you earn will need to be within the bounds of the Instant Funding’s account restrictions. Be sure to review these restrictions before opening your account. As your profits build over time, you’ll access up to 100% of your earnings with fast withdrawals.
The most important thing to remember about The5ers is that the platform is designed to appeal to regular forex traders who are already familiar with the market. While anyone can apply for funding, you’ll likely want to do so after brushing up on some of the most common forex strategies. The5ers is also not suitable for long-term investors looking for a platform to help them save towards a goal like retirement.
High Stakes Program
The5ers High Stakes is an exciting 2-step program designed to test the trading skills of passionate traders willing to achieve a funded account with the industry’s most significant profit split and fastest growth scale.
Given the time limit provided, short-term, intraday, and scalpers will find their best opportunity in this program. Some features of the High-Stakes Program include:
- Highest split in the industry – up to 100%
- Monthly salary available
- Largest DD
- High leverage
- Better entry price in the industry
- Reward from the 1st stage
The5ers offers a number of options that you can use to get in contact with customer service, no matter where you’re located.
- By phone: If you’re located in the United States, you can get in touch with The5ers customer service team by calling (929) 955-5595. While customer service is internationally accessible, which can create time zone problems for some customers, customer service professionals are available over the phone between the hours of 2 a.m. and 12 p.m. EST.
- Via email: If you don’t live within a time zone when it’s convenient to call, you can also contact customer service by email by sending a message to help@the5ers.com.
- Live chat: The5ers also supports a live chat function on its website, which is monitored 24/7.
The company offers a wealth of options to get the help you need on your schedule.
The5ers is not a forex broker and it does not accept any capital on behalf of investors. While the company uses proprietary information to keep its own funds secure, a major benefit of trading with the assistance of The5ers is that your money is not at risk. It also uses top-of-the-line encryption to protect the personal information you need to submit when opening an account, like your name and address.
The5ers is not a broker and it does not earn money on your trades by collecting a commission on currency movements. Instead, you’ll pay a one-time participation fee to access a demo account or instant access funding to get you started on proving your trading strategy. After meeting your profit goals, you’ll continue to take home a higher percentage of your profits and access more trading capital by performing as a profitable trader.
The amount that you’ll pay to begin with The5ers will vary depending on the type of account you select. The most affordable access option, the $100,000 Bootcamp option, will cost about $95 to begin with a demo trading account. The most expensive choice, $40,000 Instant Funding, costs around $800 at the time of publication but does not require a demo account trial period.
| Bootcamp 3-Step Program | High Stakes 2-Step Program | Hyper Growth 1-Step Program |
| Starting from $95 | Starting from $39 | Starting from $260 |
The5ers offers its own licensed MetaTrader 5 to its users on PC, Web, and mobile versions. The5ers does offer a series of unique features that make it user-friendly, including the following.
- Global access: The5ers is not restricted by location, and traders from nearly any country in the world may apply for funding. As the company is a prop trading firm and not a broker, United States citizens may also apply.
- Clearly defined targets: No matter which funding program you select, The5ers is clear with its target profit requirements and the limitations on the types of orders you can place. This feature allows potential traders to align their trading strategy with the requirements before paying the participation fee.
- A wealth of resources: In addition to funding access, The5ers offers you access to tools you can use to enhance your performance even further. In particular, the community feature can help you connect with other successful traders to share tips.
Overall, The5ers is a strong choice for intermediate and advanced traders to access more funds to trade. Such traders will find an affordable way to prove what they know with The5ers’s Bootcamp Program. For those willing to pay a higher rate, the Instant Funding access option can be a quick route to funding without the hassle of a demo account. And for traders who like to take risks, The5ers high stakes will be great for them.
If this is your first foray into the world of trading, you may want to begin by developing your strategy using a free demo account before paying to take The 5ers’s test.
The5ers vs. Competitors
The5ers can be a strong option for those exploring funded trading for the first time thanks to its lower initial costs as well as a program that suits every trading style and very high reliability. Competing prop trading firms like The Trading Pit and FundedNext can also provide you with advanced access to leveraged forex trading.
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The5ers is a proprietary trading firm that funds forex traders based on their performance in a structured evaluation process. Unlike traditional brokers, The5ers provides traders with capital to trade in exchange for a share of the profits. The firm offers different funding programs, including instant funding and challenge-based accounts, catering to various trading styles and experience levels.
With a focus on risk management and consistency, The5ers has gained popularity among forex traders looking to scale their accounts without personal financial risk. In this review, we’ll explore The5ers’ product offerings, customer service, fees, and other features, and whether it’s a good fit for aspiring funded traders.
Best For
- Experienced and beginner forex, indices and metal traders
- Traders with knowledge of the forex market but limited capital to invest
- Those experienced in MetaTrader 5 forex trading
- Scalpers and swing traders
- Traders willing to improve their trading performance
- One-time fee avoids the need to pay ongoing subscription costs
- Offers traders access to capital trading funds without a thousand-dollar deposit
- Large range of exclusive resources
- A program as a solution for every trader style and objectives
- Salary offer on high-stakes program
- Low-entry cost on Bootcamp program
- Fastest scaling plan on all programs
- No access to stock or ETF markets
Best For
- Prop traders looking for a multi-asset and tech-driven prop firm
- Novice traders seeking to gain valuable experience from a unique learning environment with comprehensive support and trading resources
- Experienced traders with excellent knowledge of the market seeking a feature-packed, state-of-the-art platform that will allow them to leverage their skills and knowledge effectively for successful trading strategies
- Aspiring professional traders seeking to transition from retail trading to professional trading, with the potential to trade larger positions and expand their trading career
- Professional traders who have achieved consistent profitability but seek opportunities to increase their profit or earning potential
- Fast payout with flexible options
- Straightforward one-step evaluation with simple rules
- Robust and multiple trading platforms (AtAS, Rithmic, Quantower. MT4, MT5)
- Premium trading tools – Squawkbox and StereoTrader
- Excellent scaling plan – up to $5 million
- Resource-rich educational materials and trading tools
- Flexible brokerage options – FXFlat and GBE Permits HFT, scalping, copy and news trading on futures
- Allows overnight and weekend holding on Forex
- Permits algorithmic trading
- No minimum trading days for futures
- No mandatory stop losses
- Free market data
- $250,000 accounts
- Challenges from €99 Refundable fee
- Challenge Duration: 90 Day
- A relatively new prop firm
- Currently offers only contracts for difference (CFDs) and futures
In the dynamic world of the financial market, traders constantly seek funding opportunities to access the global marketplace and maximize profitability while getting the support they need to excel. Proprietary trading offers traders a way to meet this demand. In this type of trading, financial institutions or prop firms offer capital, advanced trading software and essential resources to experienced traders. In exchange, they retain a portion of the traders’ profits.
Many proprietary traders favor FundedNext thanks to its generous payout of up to 90%, flexible funding options of up to $300,000 ($4 million via scaling), raw spread, competitive leverages and robust trading platform (MT4 and MT5). FundedNext stands out as one of the few proprietary firms that provides payout even during the challenge phase, offering a 15% profit split during this period. The evaluation rules are flexible, and there’s no time limit necessary to hit the profit target. FundedNext’s raw spread extends to Swap Free accounts, plus it offers some of the lowest commissions in the industry, including $3 per round lot for forex pairs and commodities, $6 per contract for futures and $0 per round lot for indices.
FundedNext promotes a culture of discipline, efficient risk management and a solid commitment to long-term consistency, enabling traders to excel and succeed. Despite being relatively new in the industry, the firm boasts over 51,000 funded traders across 195+ countries with a total payout of $62 million+. The average payout time is five hours, ensuring traders can access their earnings promptly. With a remarkable track record and a range of distinctive features, FundedNext is revolutionizing trading on a global scale. Read on to explore the company’s key offerings, what sets it apart from competitors and how it can empower you to attain financial independence.
Best For
- Undercapitalized and beginner retail traders seeking access to more significant trading capital or funding options
- Experienced and seasoned traders seeking to amplify their trading capital and diversify their trading strategies while enjoying a comfortable and supportive trading environment
- Prop traders seeking to take advantage of prop firms offering robust trading platforms, raw spreads, competitive leverages and generous payout
- Day traders, scalpers, swing traders, and those who use Expert Advisors (EAs) for trading
- Generous payout ratio of up to 100% and 15% on the challenge phase
- Flexible account sizes or fund options up to $300,000 (up to $4 million via scaling plan)
- Raw spread, competitive commission and leverages (1:100 maximum)
- Flexible timeframe — no evaluation deadline, reducing pressures and anxiety during the evaluation phase
- Support for multiple trading strategies, swing trading, intraday traders, scalpers, use of EAs, overnight, news trading and weekend holdings
- Multiple trading platforms — user-friendly MT4 and cutting-edge MT5 platforms
- A Trading Terminal that allows for chart management and direct trading
- Excellent research tools (economic calendar) and risk management guidelines
- Simple and flexible evaluation rules, including balance-based drawdowns
- Global accessibility and impressive community support from over 51,000 funded traders
- Offers swap free account with raw spread
- Expert Advisors are not allowed
Frequently Asked Questions
Does The5ers payout?
Yes, The5ers does payout traders who meet their profit targets and follow risk management rules. Many traders report successful withdrawals, and the firm has a positive reputation for honoring payouts.
Is The5ers regulated?
No, The5ers is not a regulated financial institution because it operates as a proprietary trading firm, not a broker. Since it funds traders with company capital and does not manage client deposits, it is not required to be regulated like traditional brokers.
What broker does The5ers use?
Unlike traditional brokers, The5ers does not offer brokerage services to retail clients. Instead, it trades directly through commercial liquidity providers, bypassing common retail broker brands. This approach enables The5ers to maintain control over trading conditions and risk management.
The post The5ers Review by Benzinga Sponsored appeared first on Benzinga. Visit Benzinga to get more great content like this.
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