The5ers Complete Review 2024

Overview: Who Are The5ers?

The5ers is a well-established proprietary trading firm founded in 2016, headquartered in Israel with a global presence. What sets The5ers apart from many competitors is their unique scaling plan approach and their proven track record of consistent trader payouts. Unlike many newer prop firms, The5ers has maintained a solid reputation throughout market cycles, demonstrating genuine commitment to trader success.

The firm specializes in forex trading and offers multiple funding programs designed to accommodate traders at different skill levels. Their evaluation process is straightforward, focusing on consistency and risk management rather than aggressive profit targets. With over 8 years in the industry, The5ers has refined their model to balance trader opportunity with sustainable business practices.

What makes The5ers particularly attractive is their "bootcamp" style progression system, where successful traders can scale their accounts systematically through predefined milestones. This creates a clear path for growth and allows traders to build substantial funded accounts over time based on proven performance.

Funding Programs Breakdown

Each program is designed with specific trader profiles in mind. The Hyper Growth program is perfect for conservative traders who prefer smaller position sizes and gradual scaling. High Stakes caters to experienced traders comfortable with larger accounts from the start. The Bootcamp program offers the most comprehensive path, with multiple evaluation stages that progressively increase account size based on demonstrated skill.

Pros & Cons

Detailed Rating Breakdown

Trading Rules & Requirements

The5ers maintains clear and fair trading rules designed to identify skilled traders while protecting both the firm and trader interests. The maximum daily drawdown is set at 6%, with a total drawdown limit also at 6%. This tight control encourages disciplined risk management and prevents catastrophic losses.

There are no minimum trading day requirements, which means you can pass evaluation as quickly as your skill allows. However, consistency is valued - traders must demonstrate they can achieve targets without excessive risk-taking. News trading is permitted, and there are no restrictions on holding positions overnight or over weekends.

Expert advisors (EAs) and copy trading are generally allowed, though specific programs may have restrictions. The5ers uses MetaTrader 4 and MetaTrader 5 platforms with competitive spreads and execution. Leverage is typically capped at 1:30 for retail accounts, in line with regulatory requirements.

Payout Structure & Withdrawal Process

One of The5ers' strongest points is their reliable payout system. Traders receive 80% of profits on a bi-weekly schedule. The first payout can be requested after achieving the profit target and completing a verification process, which typically takes 3-5 business days.

Withdrawals are processed through various methods including bank transfer, PayPal, and cryptocurrency options. There are no hidden fees or complicated withdrawal requirements. Many traders report receiving payouts consistently without delays, which is a critical factor when evaluating prop firms.

The scaling plan means that as you progress and reach milestones, your account size increases. This creates a pathway where successful traders can be managing $100K+ accounts within 6-12 months, significantly increasing earning potential while maintaining the same 80% profit split.

Who Should Trade With The5ers?

Best For: The5ers is ideal for consistent, disciplined traders who value long-term growth over quick gains. If you have a proven strategy and strong risk management skills, their scaling system rewards consistency with progressively larger capital allocations. The firm particularly suits traders who prefer forex markets and are comfortable with tighter drawdown limits.

Not Ideal For: Aggressive traders who frequently risk more than 2% per trade may struggle with the 6% drawdown limit. Similarly, traders looking for the absolute highest funding levels immediately (like $400K-$600K accounts) or those wanting to trade commodities, indices, or crypto won't find The5ers suitable. The 80% fixed profit split may also disappoint those seeking 90% or higher splits available elsewhere.

Frequently Asked Questions

Comparison With Competitors

Compared to FTMO, The5ers offers lower entry fees ($299 vs $540) but also lower maximum funding ($250K vs $400K). The5ers' tighter 6% drawdown is more restrictive than FTMO's 10%, making it better suited for conservative traders.

Against FundedNext and similar firms offering 90% profit splits, The5ers' 80% may seem less attractive. However, The5ers compensates with superior payout reliability and a proven 8-year track record. Newer firms with generous terms haven't yet demonstrated longevity.

The5ers' unique advantage is their structured scaling program. While firms like Apex Trader Funding offer higher initial capital, The5ers' systematic growth model provides a clear, achievable path to managing substantial accounts based on merit rather than upfront fees.

Tips for Passing The5ers Evaluation

1. Prioritize Risk Management: With only 6% drawdown allowance, never risk more than 1-2% per trade. Use stop losses religiously and avoid revenge trading after losses. The tight drawdown limit means there's minimal room for error.

2. Focus on Consistency Over Speed: Since there's no minimum trading days, take your time to execute quality setups. Don't rush to meet arbitrary timelines. The5ers values consistent profits over quick gains achieved through excessive risk.

3. Master Your Strategy First: Before purchasing an evaluation, ensure your strategy is thoroughly tested and proven profitable. Practice on demo accounts with the same 6% drawdown constraint to build confidence.

4. Trade During Optimal Market Conditions: Focus on sessions when your preferred currency pairs show the most reliable price action. Avoid trading during illiquid periods or when multiple high-impact news events cluster together.

5. Document Your Trading Journal: Keep detailed records of each trade including entry reasoning, risk-reward ratio, and emotional state. This discipline not only helps pass evaluation but prepares you for funded trading success.

Customer Support & Resources

The5ers provides excellent customer support through multiple channels including email, live chat, and a comprehensive FAQ section. Response times are typically within 24 hours for email inquiries, with live chat offering faster resolution during business hours.

The firm offers extensive educational resources including webinars, trading guides, and market analysis. They maintain an active community where traders can share insights and strategies. This educational focus demonstrates genuine commitment to trader development beyond simply collecting evaluation fees.

Their trader dashboard is intuitive and provides real-time statistics, profit tracking, and scaling progress visualization. The transparency in displaying all trading metrics helps traders monitor their performance and adjust strategies accordingly.

Red Flags to Watch For

While The5ers is generally reputable, traders should be aware of a few considerations. The 6% drawdown limit is unforgiving - a few poorly managed trades can end an evaluation quickly. Ensure you're comfortable with this constraint before investing in an evaluation.

The non-refundable evaluation fees mean unsuccessful attempts represent complete losses. Unlike some firms offering discounted retakes or refunds upon reaching funded status, The5ers requires full payment for each evaluation attempt. Budget accordingly and only attempt when genuinely prepared.

Some traders report that scaling, while systematic, can feel slow compared to instant high-capital programs. If you need large accounts immediately rather than building progressively, The5ers' model may not align with your timeline or financial goals.

Real Trader Testimonials

"I've been with The5ers for 18 months and scaled from $5K to $80K. Their payouts arrive like clockwork every two weeks. The support team is responsive and actually understands trading. Best decision I made for my trading career." - Marcus T., Germany

"The 6% drawdown forced me to become a much better risk manager. While it seemed restrictive initially, it actually improved my overall trading discipline. Now I'm profitable and consistent with a $40K funded account." - Sarah L., United Kingdom

"Compared to other prop firms I've tried, The5ers stands out for reliability. No games, no hidden rules, just straightforward trading conditions and timely payments. The scaling takes patience but it's genuine growth." - Ahmed K., United Arab Emirates

Final Recommendations

Highly Recommended For: Disciplined forex traders with proven strategies seeking a reliable, long-term prop firm partnership. Traders who value consistent income over flashy promises will appreciate The5ers' sustainable approach.

Consider Alternatives If: You need immediate access to $200K+ accounts, prefer 90% profit splits, want to trade instruments beyond forex, or your strategy requires more than 6% drawdown tolerance.

Bottom Line: The5ers represents one of the safest and most reputable choices in proprietary trading. Their 8-year track record speaks louder than marketing promises from newer firms. While not perfect for everyone, they excel at their core mission: funding skilled traders and facilitating long-term success through structured growth and reliable payouts.