How It Works 5ers
The 5%ers allow investors of all levels to begin trading and make profits. Users are given the opportunity to generate real profits during the entire process, including evaluation. There are a variety of accounts based on capital level and risk schemes, which provides opportunity for traders of all strategies – more detail on this later.
Once you have decided which capital and risk level is best suited for you, simply log in, pay the one-off participation fee and begin trading. The program was previously hosted on MetaTrader 4 (MT4) but is now hosted on MetaTrader 5 (MT5). MetaTrader 5 is among the most advanced platforms and is used by forex brokers and traders worldwide. It is available on desktop as well as mobile and can be downloaded on the Google Play and Apple App stores.
To become a fully funded prop trader with The 5%ers, users are evaluated through a Level 1 account. Traders pay a one-time fee to gain access to this account through which The5ers evaluate your trading personality. The low-risk evaluation program requires traders to sustain a 6-7% gain in net profit, while the higher risk “aggressive” program requires traders to maintain a net profit rate of 12%. The goal of the Level 1 solution is to prove to The 5%ers your ability to sustain profits while minimising risk.
The rules of the account are as follows:
- Reach the profit target
- Stay above the maximum stop out limit
- Do not exceed the maximum leverage rate
- Maintain a reasonable stop loss for your trades
Once you have successfully reached the target goals of the Level 1 account, you will receive your first payout and The 5%ers’ trading contract. This means you become an official Funded Traders Partner receiving a larger fully funded account and monthly profit payouts. Every time you reach your profit targets, your account will be closed, and you will receive a new Funded Forex Account with more capital and fresh profit targets