FAQs | The5ers Forex Prop Firm (2024)

Our Trading Environment

aWHICH TRADING PLATFORM DO WE USE?

We use the MetaTrader 5 Platform (MT5), designed by MetaQuotes. MT5 is the most advanced platform for forex brokers and traders worldwide.

Metatrader5 Offers many advantages when comparing to the legendary Metatrader 4:

MT4 is an older platform and doesn’t align with the standards we are willing to provide to our traders.

It was a natural decision to provide the MT5 platform because our goal is to ensure a smooth development and trading experience by offering traders the most familiar trading platform.

aARE TRADERS ABLE TO USE THEIR INDICATORS AND EXPERT ADVISORS WHEN TRADING WITH THE 5%ERS?

Absolutely. Trade using your tools and techniques, from trading scripts to indicators and EA as long as they do not:

– copy trades of other persons signals
– do tick scalping
– perform latency arbitrage trading
– perform reverse arbitrage trading
– perform hedge arbitrage trading
– use emulators
Any accounts using these types of EAs will be canceled, banned, and not refunded.

Trading will be disabled for EAs from 23:00 to 01:00 GMT+3.

aDO WE OFFER A TRADING PLATFORM FOR MOBILE DEVICES?

Yes. The MetaTrader 5 app is free and can be downloaded on the Google Play and Apple stores. Versions are available for HD apps on tablets.

aWHICH BROKERS DO WE TRADE WITH?

The5ers trades directly through commercial liquidity providers. We do not trade with common retail broker brands. We operate differently and our trading conditions have different requirements. Confidentiality is very important to us and we take as many precautions as possible to keep our supplier’s identity confidential.

When you trade with us, either as a portfolio manager or during your evaluation period, you are assigned a portion of our own capital and are able to trade on The5ers Fund’s behalf (directly from our trading-pool-account). To meet most of our traders’ expectations, The5ers provide the MetaTrader 5 trading platform, which is supplied by a third party technology integrator and provides superb market execution through sophisticated proprietary technology.

The 5%ers trading activities are all executed through our brokers, via the STP Market Execution. We have incorporated an ECN-Broker-Fees-Structure into our platform.The spread and commission are shown separately – the commission is $4 per lot round trip, which is 0.4 pips.

The spread for EUR/USD is about 0.1 to 0.5 pips.

The spread is variable, not fixed. During the night hours, when the volatility is relatively low, the spreads can get wide, especially during the rollover time (New-York midnight).

We attend to all of your needs with our best customer service. We believe that every trader is entitled to full support and assistance, whether it is technology inquiries, small or important concerns or trading related queries. Please contact our support line. For accelerate the treatment process, please make sure to include relevant information as possible, such as: full description of the case, Your name, Program and program level, Account Number, Ticket Numbers, Screenshots and Terminal log files.

Send the information on Email: [emailprotected].

For urgent matters, please include the phrase [URGENT] in the email subject line.

At office hours, you may contact us via On-Site-Chat service, and Telephone.

aWHAT IS OUR EXECUTION METHOD?

All of our trading activities are implemented through our brokers via STP Market Execution. We forward an ECN-Structure to our platform, with institutional raw spread rates at zero markups, plus commission.

During periods of standard market fluctuations, major currency pairs like EUR/USD, GBP/USD, USD/JPY sell from 0.2 pips to 0.9 pips, and the commission rate set at $4 per Standard Lot, round trip. Overnight swap fees are collected and/or paid nightly.

aWHO LEGALLY OWNS THE TRADING ACCOUNTS THAT TRADERS USE?

Every trading account and its capital value are legally owned by The 5%ers’ Funded Trading Program. We allocate our own capital to traders on a contractor-based agreement.

About The 5%ers' Fund

aHOW DOES IT WORK?

aWHERE IS THE5ERS REGISTERED?

The5ers.com is a website legally owned by FIVE PERCENT ONLINE LTD, incorporated in the State of Israel
Company Number 515864007 and FIVE PERCENT ONLINE LTD, incorporated in the UK Company number12553363

We welcome traders to visit us in The Holy Land.

aARE WE REGULATED?

The 5%ers is a private fund holding ownership of a Forex Trading account under a regulated broker. However, there is no regulation clause to what we do, because we are not a financial institute and do not provide any financial services. We trade using our fund’s capital, with the support of our competent funded traders.

aWHAT NATIONALITY DO I HAVE TO BE TO TRADE IN THIS FUND?

Over 18 years old? If you are, then what are you waiting for? Apply now. We celebrate diversity and are open to all nationalities, with no ethnic or cultural barriers whatsoever.

aARE TRADERS FROM THE UNITED STATES ACCEPTED?

Yes. we are not brokers. Our relationships with our traders are legally bound by a service provider contract between the trader (the provider of the services) and the fund (The contract issuer). Our business structure allows United States traders to provide their services to our trading fund.

aDO I NEED A LICENSE TO TRADE HERE?

No license is required to become a funded trader. We do not handle any 3rd party funds. As a private fund, we have the freedom to hire any legal service providers for our fund.

aGETTING PAID FOR PROFITS

At evaluation stages, a payout request cannot be fulfilled. Payout payments can only be processed once the trader passes onto funded levels.
You will have the possibility to withdraw your profits on a biweekly basis from several payment methods, including bank transfer and crypto.

The 14day pay out cycle will reset every time you have a new account scaled.

The profit payout will reset the account back to the initial balance but it won’t affect the scaling milestone target, which means that the payout still counts toward the milestone target.

You can choose to keep the profit in the account which would increase the maximum drawdown amount.
Example: Your milestone target is 10%. You withdraw 6%. You will only need another 4% to scale your account.

Hyper Growth Program

aWHAT ARE THE5ERS GENERAL TRADING OBJECTIVES?
Level 1 Objective10%
Level 1 Time LimitUnlimited
Stopout Level6%
Daily Pause3%
Leverage1:30
Profit ShareUp to 100%
GrowthX2 every 10% up to $4M

The equity stop-out level (aka drawdown) is the lowest value of the account allowed. Once the account equity value is below this level, the fund will close all running trades, and disable trading and access. The drawdown measures as absolute drawdown and is 6% of the initial balance for all programs at all levels. No matter how much the trader profits in the account, the maximum loss (drawdown) allowance increases. The trader can always choose to keep profits in the account in order to increase the maximum drawdown amount. Any payouts requested will reduce the account balance, hence reducing the maximum drawdown.

Example: If the initial balance is $10,000 and the maximum drawdown is $600 then the account will be closed below the equity level of $9,400, Let’s say your account goes up to $10,300, the maximum drawdown is now $900.

aCAN I HOLD POSITIONS OVERNIGHT, OVER THE WEEKEND, AND NEWS?

YES, we allow holding positions overnight and over the weekend as well. However, it is the trader’s responsibility to mind the implications of rollover swap conditions, volatility, liquidity and spreads conditions.
We design our program to offer the most flexible trading fund in the forex industry, being open minded for diverse trading styles and personalities.

aHOW DO TRADERS REQUEST PROFIT PAYOUTS?

We abide by the highest code of ethics concerning traders’ payments. From level 2, every funded trader can withdraw their profit-share on a bi-weekly basis, with a minimum of $150 to be paid. Just use the “Profit Payout” button on your trader’s dashboard.

aIS THERE A MINIMUM TRADING DAYS OR MINIMUM POSITIONS REQUIREMENT

There are no minimum trades or trading days requirements for completing Level 1.
Complete Level 1 immediately when reaching the profit target. No need to wait anymore to grow your account faster.

aWHAT IS TIME EXPIRATION

Traders have all the time they need in order to pass the challenge. However, we want to know that traders are active. Therefore, inactive accounts for more than 14 days calendar days will expire.

aWHY IS THERE A PARTICIPATION FEE?

The level 1 period is critical for both the traders and The 5%ers since our capital funding team invests much time and effort into the traders and their careers. We are committed to ensuring that traders will be evaluated by using real, live accounts. This fee will be your maximum payment. We are seeking traders who are responsible, patient, and firm risk managers, who have the ability to earn themselves substantial amounts of profit, which means that you could make up for that fee in your winnings.

aWHAT WILL TRADERS RECEIVE FOR THE 5%ERS’ PARTICIPATION FEE?
  • A fully funded trading account (not a demo account)
  • Profit share payout
  • Trading losses waiver
  • Trading resources
  • Dedicated support
  • Advanced Dashboard
  • Unlimited access to The5ers live trading room
aWHAT IS THE LEVERAGE OF THE TRADING ACCOUNTS?

The leverage is 1:30.

aHOW MANY INSTANT FUNDING ACCOUNTS CAN I SIGN UP TO SIMULTANEOUSLY?

Maximum capital per trader on evaluation account sizes: $40,000. (eg. you can have 4 X $10K, or 2 X $20K accounts all adding to the max starting capital of $40K).
You cannot merge the different accounts.

aKey Benefits

Hyper-Growth. Double your account every 10% while withdrawing profits. Grow your account up to $4M and keep 100% of the profits. Profit split + bonus on each milestone. Withdraw profits from the first objective.

aWhat are the bonuses?

The bonuses are an extra reward for your performance. On top of your profit split, you will receive the bonuses as HUB credits, and you will be able to use them for future internal purchases.

aWhat is the daily pause?

The daily pause is a loss protection that helps traders avoid significant losses. When an account hits the daily pause level, all open trades get closed, and the account remains disabled until the next trading day.

$100K Bootcamp Program

aWhat is the Bootcamp Program?

The first low entry cost challenge, where you can prove your trading skills,and pay the rest only once you’ve passed.

For all FAQS click here

High Stakes

aWhat is the High Stakes program?

The high-risk-high-reward 2-step program. Traders will need to show their skills over 2 evaluations in order to get funded.

For all FAQS clickhere and scroll down.

SPEED UP YOUR TRADING CAREER

The 5%ers provides the fastest capital growth program in the forex proprietary trading industry. We require the least restrictions, with more forex assets to trade, allowing 24/5 continuous trading overnight and over weekend position holding, No daily loss limits. Our enrollment fee is fair and self-explanatory. Speed up your forex trading today and sign up for The 5%ers’ Programs to receive a fully funded account that doubles at each milestone.

SELECT YoUR PROGRAM

FAQs | The5ers Forex Prop Firm (2024)
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