Howdy, everyone! This time, we’ve another updated review for you. We’re diving into the review of The5%ers, which is a leading proprietary trading firm that has earned a stellar reputation in the trading industry. With a strong track record and years of success, they continue to captivate traders across the globe with unique offerings and trader-friendly programs.
So, in this review, we’re going to dive deep into everything you need to know about the The5%ers and their programs.
The5%ers Review Has Arrived!
All right, so if you’re unfamiliar with The5%ers, they are a renowned and well-established prop trading firm, incorporated back in January 2016. We’ve spoken about them in depth on the channel before, but we’re going to do another review and take a look since they’ve updated some of their programs and details.
They do offer traders a selection of three distinct funding programs. They’ve established themselves as a leading player in the industry and have a scaling plan that allows traders to reach a maximum capital allocation of $4 million, certainly making it one of the most ambitious growth opportunities available in the trading space.
The5ers Funding Programs
Let’s dive into the funding programs, along with the trading objectives and regulations that traders must follow to succeed with the firm. They provide three funding programs:
- High Stakes Programs
- Hypergrowth Programs
- BootCamp Programs
These are a combination of a two-step, instant funding, and a three-step evaluation.
High Stakes program
Let’s take a look at the High Stakes program first, where traders have the opportunity to manage account sizes ranging anywhere from $5,000 up to $100,000. The aim is to identify skilled traders who are profitable, consistent, and capable of managing risk effectively during the two-step evaluation process.
- In phase one of the evaluation, traders must reach a profit target of 8% while adhering to a maximum daily loss limit of 5% and an overall maximum loss limit of 10%, which is very attainable. There are no restrictions on the maximum number of trading days during this phase, but traders must complete at least three profitable trading days to advance into phase two.
- In phase two, traders are required to reach a 5% profit target while maintaining the same risk parameters of a 5% daily and 10% overall loss rule. Similar to phase one, there are no restrictions on the maximum number of trading days, but a minimum of three profitable trading days is needed to qualify for fully funded status.
Once you complete both evaluation phases successfully, you are obviously awarded a funded account, which is the goal.
The5%ers Hypergrowth Program
Let’s take a look at the The5%ers Hypergrowth program, which offers traders a chance to manage account sizes between $5,000 and $20,000 without any need for an evaluation, allowing someone to start earning from day one. This program provides up to 1:30 leverage and is for someone who is very confident that they can go straight into funded status.
Upon purchasing Hypergrowth, you receive a funded account with an initial 10% profit target in stage one. Traders must adhere to risk management rules, including a 3% daily loss and a 6% maximum loss limit. The first payout occurs once you reach the 10% profit target, with subsequent withdrawals available on a bi-weekly basis. Profit splits will range here from 50% up to 100%, depending on the profits generated.
The5%ers Bootcamp Program
Now, let’s take a look at the The5%ers BootCamp program, which offers traders the opportunity to manage account sizes ranging from $100,000 to $250,000. It is designed to identify disciplined and profitable traders who can effectively manage risk through a three-step evaluation process. The Boot Camp program provides up to 1:10 leverage.
- In phase one of the evaluation, traders must achieve a 6% profit target while adhering to a 5% maximum loss limit. There are no minimum or maximum trading day requirements for this phase, and progression to phase two is solely dependent on reaching that 6% profit target without exceeding the loss limit.
- Phase two also requires a 6% profit target while maintaining the 5% maximum loss rule, with no restrictions on the number of trading days. To move on to phase three, traders simply must meet that profit target without breaching the loss limit.
- In the final phase, phase three mirrors all the earlier phases, with the same profit targets and loss limits. Successfully completing all three phases by meeting the profit targets without violating the loss rules qualifies you for funded status.
Once you get through to being a funded account, you have a minimum withdrawal amount of $150. Again, you’ve got to respect your daily loss of 3% and 4% maximum loss rules.
This is just the tip of the iceberg; watch the full Review of The5%ers for more details:
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