The 5%ers Accounts
Account types at The 5%ers are broken down by capital and risk. After successful completion of the first level, the trader’s capital is increased x4. For every other level, capital is doubled. The risk schemes are designed to accommodate investors with different strategies:
- Risk Manager Program – This scheme is designed for traders who prefer lower risk strategies. The first level of this program requires your funded forex account to maintain a 6% gain in net profit, with an allowance of a 4% maximum loss, a mandatory stop loss, and leverage as high of 1:6. For all other levels, the profit target is 10%. On the first level of this program, traders are required to meet their profit target within 180 calendar days. After that there is no time limit for active traders to reach their targets.
- Aggressive Trader Program – This scheme is geared toward traders using higher risk strategies who prefer a greater challenge. On the first level, traders must maintain a 12% net profit and 25% on all further levels. Leverage of up to 1:30 is available and there is no mandatory stop loss. On the first level of this program, traders are required to meet their profit target within 60 calendar days.
On The 5%ers.com, there are four levels of funded capital accounts, each available on the low-risk or aggressive program:
- $24,000 – Users are supplied with $6,000 instant funding. The one-off participation fee is $275.
- $40,000 – Users are supplied with $10,000 instant funding. The one-off participation fee is $450.
- $52,000 – Users are supplied with $13,000 instant funding. The one-off participation fee is $565.
- $80,000 – Users are supplied with $20,000 instant funding. The one-off participation fee is $875.
The 5%ers provides the funds for your Level 1 process, with most of your participation fee going towards protecting your funds from losses. The maximum lot size at The 5%ers is capped at 0.65.
Assets
The trading securities offered by The 5%ers are as follows:
- Forex majors: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF.
- Forex crosses: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY.
Spreads on major currency pairs like the EUR/USD, GBP/USD, and USD/JPY range from 0.2 pips to 0.9 pips during standard market conditions and the commission rate is $4.5. Overnight swap fees are collected and/or paid nightly.
Profits & Withdrawals
Traders using a fully funded account with The 5%ers.com receive a 50% share of any profits. Once you have completed the first stage of the program, your 50% share will be added to the new account. From Level 2, traders can withdraw their profit share at any time using the Profit Payout button on the dashboard.
Withdrawals up to $1,000 are issued by PayPal and anything over $1,000 will be paid by bank transfer using TransferWise. Traders receive one fee-free payout each calendar month with any further withdrawals charged at a minimum of $15 or 3% handling fee.
Security
The 5%ers is a private fund, not a financial institute, and therefore there is limited regulatory oversight. The fund holds ownership of a forex trading account via a regulated broker. The 5%ers uses a variety of online brokers at the same time, however for confidentiality reasons, the names of these brokers are not disclosed.
Investors with The 5%ers are service contractors and not clients of the broker. As a service contractor, traders are provided with more security than with traditional forex brokers as they do not risk their own capital.
Customer Support
The 5%ers team is based at 3 Rapaport st, Kfar Saba, Israel. Their office hours are:
- Sunday – Thursday: 07:00 – 17:00 GMT
- Fridays: 07:00 – 12:00 GMT
You can get in touch with the customer service team via telephone or email:
- +1 (929) 955 5595
- +44 (20) 8068 0793
- help@the5ers.com
Unfortunately, The 5%ers does not offer a live chat service, which can be a helpful feature for traders who need prompt support.
Other Features
The 5%ers also aims to educate and connect traders from around the world. The website offers an extensive blog where users can read up on everything from forex trading psychology to the latest news on gold and indices. There are free trading courses, webinars and live events as well as workshops such as the supply and demand workshop which explains the fundamentals of trading theory and practice.
Pros
Benefits of prop trading with The 5%ers.com include:
- Instant funding
- Referral program
- Your own capital is not at risk
- Funding of up to $1.28 million
- Advanced MetaTrader 5 platform
- Extensive trading courses, webinars and workshops
Cons
Some downsides to prop trading with The 5%ers include:
- Limited leverage options – 1:6 for low-risk accounts and 1:30 for aggressive accounts
- Time limits for Level 1 accounts – 180 days for low-risk and 60 days for aggressive
- No live chat feature
