Third-party EA risk

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The5ers Funding Traders & Growth Program launched in 2016, aiming to provide full-time traders with higher capital than ordinarily available to them. They are passionate and dedicated to this profession. The5ers are an officially registered UK company based in London while their headquarters are located in Israel.

Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.