Rules, Challenges, Profit Split and Payouts
The5ers is a long-established proprietary trading firm offering evaluation and funded-trading programs across forex, metals, indices, stocks and futures. The company has been operating since 2015 and currently offers several routes, including 1-Step Growth, 2-Step High Stakes, Bootcamp, Futures and Stock Trading programs.
Rather than offering one universal challenge, The5ers provides different account structures with different objectives and risk rules. This makes understanding the specific program important before purchasing an account.
How The5ers Works
The5ers operates its evaluation programs in a simulated trading environment. Traders must meet the performance requirements of their selected program while remaining within its drawdown and trading restrictions.
The current 2-Step program, for example, has two versions:
- New 2-Step: 10% Phase 1 target and 5% Phase 2 target
- Classic 2-Step: 8% Phase 1 target and 5% Phase 2 target
Both versions currently use a 10% maximum loss and a 3% daily loss limit. There is no consistency requirement during the evaluation phases, although a 50% consistency requirement applies to the funded account under this program.
Profit Split
The5ers uses different profit-sharing structures depending on the program.
Its current published information states that:
- High Stakes: starts at 80% and can scale to 100%
- ProGrowth: starts at 75% and can scale to 100%
- Bootcamp and Hyper Growth: start at 50% and can increase as the account scales
The exact scaling conditions depend on the program.
This makes the advertised maximum profit split less important than understanding the starting split and the conditions required to increase it.
Fees
The5ers states that its programs do not have hidden or recurring monthly fees.
However, its Bootcamp program works differently: traders pay an initial entry fee and then pay the remaining fee after successfully passing the challenge. For example, the currently published Bootcamp structure lists a $20K account at $22 initially plus $50 upon success.
Fees vary according to account size and program, so traders should check the current price before purchasing.
Payouts
The5ers currently allows the first withdrawal 14 days after the funded account is activated, with subsequent withdrawal requests available every two weeks from the previous approved withdrawal. The company states that approved withdrawals are generally processed within up to three business days.
Available withdrawal methods include bank transfer, crypto, Rise and Hub Credits. The company currently lists a 3.5% commission for Rise, crypto and bank-transfer withdrawals, while Hub Credits have no commission but can only be used for purchases within The5ers ecosystem.
What Stands Out About The5ers?
The main feature of The5ers is the variety of programs and its emphasis on account growth. Traders can choose between different evaluation structures instead of being limited to one challenge format.
The company also publishes detailed information about its risk limits and payout conditions, which makes it possible to examine the rules before committing to a program.
What Traders Should Watch
The different programs have materially different rules. A trader who understands the High Stakes rules, for example, should not assume that the same conditions apply to Bootcamp or Futures.
Payout fees also matter. A headline profit split does not represent the trader’s final amount if withdrawal commissions or other applicable costs are deducted.
Another important point is that The5ers states that its trading activity takes place in a simulated environment and that becoming a funded user is not guaranteed.
The5ers Review: Verdict
The5ers provides a broad selection of funded-trading programs with different approaches to evaluation, scaling and profit sharing. Its current High Stakes, ProGrowth and Bootcamp structures give traders different ways to approach the evaluation process.
The key consideration is not simply the advertised account size or maximum profit split. Traders should compare the daily loss limit, maximum loss, profit target, scaling conditions, payout schedule and withdrawal costs of the specific program they intend to use.
TradePulseNews rating note: Rather than assigning a numerical rating, we recommend evaluating The5ers according to the exact program that matches your trading strategy, because its conditions vary significantly between products.
Disclaimer: This review is for informational purposes only. Prop-firm rules, fees and program conditions can change. Verify the current terms directly with The5ers before purchasing an evaluation.