True Forex Funds & The5ers Two-step Comparison

In this article, we will be making a general and two-step comparison between True Forex Funds and The5ers. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.

Company Details

Company Details	True Forex Funds	The5ers
Incorporation Date	October 2021	April 2020
CEO	Richard Nagy	Gil Ben Hur
Office Location	Győr, Hungary	London, UK
Maximum Allocation Capital	$400,000	$100,000

True Forex Funds and The5ers are both reliable and trustworthy proprietary trading firms. True Forex Funds was incorporated in October 2021, while The5ers started operating in April 2020. When it comes to CEOs, Richard Nagy is the CEO of True Forex Funds, while The5ers is being run by Gil Ben Hur. True Forex Funds has offices located in Győr, Hungary, while The5ers has its headquarters in London, UK. And lastly, when it comes to the maximum allocation capital, traders can manage $400k two-step evaluation accounts with True Forex Funds, while with The5ers, traders can obtain funding up to $100k. Note that both proprietary trading firms also have a scaling plan.

Funding Program Options

Funding Program Options	True Forex Funds	The5ers
One-step Evaluation	✅	❌
Two-step Evaluation	✅	✅
Three-step Evaluation	❌	✅
Instant Funding	❌	✅

True Forex Funds and The5ers both offer multiple funding programs to forex traders worldwide. True Forex Funds offers three two-step evaluations and a one-step evaluation. The5ers, on the other hand, offers a two-step evaluation, a three-step evaluation, and instant funding.

That being said, let’s take a look at the comparison of the two-step evaluation programs.

Two-step Comparison:

Trading Rules/Objectives	True Forex Funds (Standard)	True Forex Funds (Quick Funding)	True Forex Funds (Limitless)	The5ers
Phase 1 Profit Target	8%	8%	8%	8%
Phase 2 Profit Target	5%	5%	5%	5%
Daily Drawdown	5%	5%	5%	5%
Overall Drawdown	10%	10%	10%	10%
Leverage	1:100	1:100	1:100	1:100
Minimum Trading Days	5 calendar days	No minimum trading days	5 calendar days	3 profitable days
Trading Period	Step 1: 30 calendar days Step 2: 60 calendar days	Step 1: 30 calendar days Step 2: 60 calendar days	Step 1: Unlimited Step 2: Unlimited	Step 1: Unlimited Step 2: Unlimited
Profit Split	80%	80%	80%	80% up to 100% + monthly salary

Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.

Account Size	True Forex Funds (Standard)	True Forex Funds (Limitless)	The5ers
$5,000	❌	❌	$39
$10,000	€89	€98	❌
$20,000	❌	❌	$165
$25,000	€189	€208	❌
$50,000	€299	€329	❌
$60,000	❌	❌	$300
$100,000	€499	€549	$495
$200,000	€998	€1,098	❌

Brokers & Trading Platforms

After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.

	True Forex Funds	The5ers
Broker	Tier-1 Liquidity Provider with Direct Market Access	Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions
Trading Platform	MetaTrader 4, MetaTrader 5	MetaTrader 5

Trading Instruments

Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with True Forex Funds and The5ers.

Trading Instrument	True Forex Funds	The5ers
Forex Pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Stocks	✅	❌
Crypto	✅	❌

Community Feedback

The last topic we will go through is community feedback from True Forex Funds and The5ers. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.

True Forex Funds has a rating of 4.7/5 out of a total of 1,787 reviews, while The5ers has a rating of 4.8/5 out of 1,293 reviews. Based on the statistics, we can clearly see that True Forex Funds is the more popular proprietary trading firm at the moment.

Conclusion

In conclusion, True Forex Funds and The5ers are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since True Forex Funds offers three two-step evaluations and a one-step evaluation. On the other hand, The5ers offers three: a two-step evaluation, a three-step evaluation, and instant funding.

We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!

The5ers 5% active discount link: https://the5ers.com/?ref=7909

This comparison was lastly updated on 14.08.2023 at 13:54 (CE(S)T).