What is The5ers Prop Trading Firm?
The5ers (pronounced “The Fivers”) is an Israel-based proprietary trading firm founded in 2016 that offers funding programs for forex traders. Unlike traditional prop firms that require capital contributions, The5ers provides traders with company capital after they pass evaluation challenges.
The firm’s name comes from its unique 5-phase growth plan where successful traders can scale their accounts up to $4 million. The5ers specializes in forex trading but also allows trading of commodities, indices, and cryptocurrencies.
The5ers Funding Programs Explained
The5ers offers two main funding programs with different evaluation processes:
1. High-Stakes Challenge
- Two-phase evaluation process
- Profit targets: 10% in Phase 1, 5% in Phase 2
- Maximum daily loss: 5%
- Maximum overall loss: 10%
- Minimum trading days: 10 in each phase
- Account sizes from $24,000 to $240,000
2. Bootcamp Challenge
- Single-phase evaluation
- Profit target: 8%
- Maximum daily loss: 5%
- Maximum overall loss: 10%
- Minimum trading days: 10
- Account sizes from $6,000 to $24,000
The5ers: Legit or Scam? Key Findings
After thorough research and analysis of trader experiences, here’s our assessment of The5ers’ legitimacy:
✅ Evidence It’s Legit
- Verified payouts: Multiple traders have shared proof of withdrawals
- Regulated entity: Operates under IFSC Belize regulation
- Transparent rules: Clear trading objectives and guidelines
- Positive reviews: 4.3/5 average rating on Trustpilot from 1,200+ reviews
- Longevity: Operating since 2016 with consistent funding
❌ Potential Red Flags
- Strict rules: Some traders report account terminations for minor violations
- Withdrawal delays: Occasional reports of slow processing (7-14 days)
- Limited instruments: Focuses mainly on forex with some CFDs
- No live chat: Customer support primarily via email/tickets
The5ers Profit Split and Scaling Plan
One of The5ers’ most attractive features is its scaling plan with increasing profit splits:
| Phase | Account Size | Profit Split | Growth Target |
|---|---|---|---|
| 1 | $24,000 – $240,000 | 50% | 10% |
| 2 | $48,000 – $480,000 | 60% | 10% |
| 3 | $96,000 – $960,000 | 70% | 10% |
| 4 | $192,000 – $1,920,000 | 80% | 10% |
| 5 | $384,000 – $4,000,000 | 100% | N/A |
How The5ers Compares to Other Prop Firms
| Feature | The5ers | FTMO | FundedNext |
|---|---|---|---|
| Minimum Challenge Fee | $290 | $399 | $99 |
| Profit Split | 50-100% | 70-90% | 80-90% |
| Maximum Funding | $4,000,000 | $400,000 | $400,000 |
| Evaluation Period | Unlimited | 30 days | Unlimited |
| Trustpilot Rating | 4.3/5 | 4.7/5 | 4.5/5 |
Essential Trading Tools for The5ers Challenges
To maximize your success with The5ers challenges, we recommend these professional trading tools:
TradingView for Advanced Chart Analysis
TradingView offers superior charting tools and technical indicators that can help you identify high-probability trade setups during your evaluation. Their cloud-based platform works seamlessly with The5ers’ supported brokers.
TradeZella for Performance Tracking
TradeZella is an excellent trading journal that helps you analyze your performance, identify patterns, and improve your strategy—critical for passing The5ers’ evaluation phases.
Frequently Asked Questions
Most traders who pass the evaluation receive funding within 3-5 business days after verification. The entire process (challenge + verification) typically takes 3-6 weeks for disciplined traders.
Yes, The5ers permits the use of expert advisors and automated trading strategies, provided they comply with all trading rules and don’t exploit latency or other unfair advantages.
The5ers partners with regulated brokers including ThinkMarkets and Purple Trading. Traders use these brokers’ platforms during both evaluation and funded stages.
The5ers allows news trading but restricts trading during major news events for the first 30 seconds after release to prevent slippage and requotes.
The5ers accepts traders from most countries except the United States, Canada, and jurisdictions where forex trading is restricted.
Final Verdict: Is The5ers Worth It?
Based on our comprehensive review, The5ers is a legitimate prop firm with a proven track record of funding traders. While their rules are strict and the evaluation process challenging, the scaling plan offers exceptional growth potential for consistent traders.
The5ers is particularly suitable for:
- Forex traders who prefer longer evaluation periods
- Traders seeking substantial account growth potential
- Those comfortable with the 5% daily loss limit
- Algorithmic traders using EAs
Ready to Start Your The5ers Challenge?
Before joining any prop firm, we recommend testing your strategy in a simulated environment. Check out our guide to the best forex simulators to practice risk-free, or compare The5ers with other top firms in our prop firm comparison chart.