Owned by Five Percent Online Limited and established in the year 2016, The 5ers is a perfect platform for full-time traders who want to gain profits by using the capital provided by the Company. If you have basic knowledge in trading and are interested in enhancing your skills by trading with real money then you should register on The 5ers.
It is not a financial institution and does not sell any kind of financial products or services. In fact, The 5ers is a prop firm that is looking for traders who want to master their skill of trading without using their own money. The company will be providing capital funds and growth schemes to all traders so that they can grow in their field without any worries of losing their hard-earned money.
The5ers is a Funding Trading Company that provides funds to traders from several parts of the world to trade on their platform. It is an open career-building portal for Forex traders. The growth program provided by them helps in enhancing the knowledge and skills of various traders. Their passion is to provide traders a secure and fair-trading framework.
They offer instant funding to all traders so that you can start trading with real money from day one. In the first level, you have to use your own trading strategies and by following their risk management requirements, you have to keep trading.
Once you complete Level one, you will reach Level two wherein you will be provided with more funds for trading. The5ers team will keep an eye on your progress and help you whenever required. As you continue to reach new milestones, you will be provided with more capital and higher earning potential.
No! They are not a Forex Broker as they do not provide retail trading accounts. They only give capital funds to individuals who are interested in trading but lack funds or are worried of losing their hard-earned money. By using The 5ers funds, these traders can trade without any worries of making a loss. Moreover, if they make profits then they can withdraw them in real money.
There are three programs available on The 5ers as mentioned below in our The 5ers review.
There are various benefits that you can acquire by becoming a trader on The 5ers. Some of them are mentioned below in our The5ers review.
You have to only pay a fixed amount of fees depending on the program that you choose. Other than these fees, there aren’t any hidden costs, recurring costs, or subscription fees at all.
As you keep growing in your trading program, you will earn profits. These are real-world money that you have earned by trading strategically. You can withdraw these profits easily with a click of your mouse.
As your account grows and reaches new milestones, your funded trading account size would double in size up to 4 million dollars. This growth ensures that your profits would double too and you can withdraw your earnings every month.
The5ers prop firm offers exceptional trading conditions to its clients so that they can grow effortlessly in their programs. If you are trading in Forex and Metals, then overnight and over the weekend holding is allowed for you. Moreover, news trading and algo trading is also allowed.
No doubt about the fact that the customer care of The5ers are extremely helpful and swift in solving all queries. In addition, if you want to ask a question or read feedback from fellow traders then you can join the trader’s community. Clients who have achieved success through The 5ers happily share their achievements so that newly registered traders can get motivated from them.
There are no restrictions at all! Whether you are new to the field or a professional trader, it does not matter. Also, you can use any trading style to achieve success. Every trader is welcome to register and trade on The 5ers prop firm.
Each day, you can get unlimited access to trading rooms and if you have any queries then you can get help from professional traders. Webinars and lectures are held on a regular basis at different platforms so that clients can gain knowledge and boost their trading.
You will be given access to a Portfolio Analyst who will hold free coaching on a regular basis. Meetings held by them are going to be very helpful to you as they will overview your trading plan, share their thoughts, and help you in growing. You can even read various articles that are available on the Forex Blog and enhance your trading skills.
Once you have registered on the portal, you will have a personal dashboard that will highlight your progress each day. The progress will be provided in numbers and insights so that you can understand your trading performance and make it grow.
There are Live Trading Rooms wherein all traders can meet four times in a week. In these rooms, all of them can interact with each other, share their experiences, analyze the markets, ask queries, share market visions, and trading opportunities. Everything is shared here so that traders can learn and grow easily.
You can get real-time trading notifications about certain important events in the market through email. Moreover, if there is some vital information regarding your trading account, then that is shared too.
You will be provided with innumerable resources that will help you to grow as a trader. On the Trading Resources webpage, you can learn trading tactics through the Forex blog and The5ers Classes.
You can even keep a track on various Webinars and Events that are going to be held in the near future. To check the guest webinars and workshops that are available on demand, you can check them on VOD that falls under the Client Portal icon.
You can improve your trading skills with the tools and services provided by the following partners.
As soon as you have registered on the 5 percenters prop firm portal for an evaluation, you will be requested to download the MT5 platform from your HUB. The MT5 platform provided by MetaQuotes is extremely beneficial for trading and offers many more advantages in comparison to MT4.
Depending on which platform you plan to trade, you can download the MT5 for desktop, Mac, Linux, iOS, and Android. To make the entire process easier, you will even receive an email with your login credentials and links to download MT5.
There are several payment methods available like cryptocurrencies, Credit cards, bank transfer, etc. For payouts, you can use cryptocurrencies, Wise, and bank transfers. To withdraw funds, visit your HUB and click on the ‘request payout’ icon.
Absolutely! The5ers does not trade with retail broker brands but are directly involved with commercial liquidity providers. They ensure that your data is secured and protected by taking several precautions to keep it confidential. As a trader, you will be provided with some funds to trade, so basically you will be trading on their behalf.
It is allowed to hold open trades over the news. However, if you are taking extreme risks especially on a high-impact news and you have not traded consistently in the previous days then your account may get terminated.
On the first such occasion, the risk management team of The5ers will give you a warning. If you continue with your tactics then you will be terminated and banned forever. However, if you are consistent with your trades and are always evaluating the risks then you need not worry about terminations.
There can be many reasons for your KYC to not get approved. One of them is that you have registered on The 5ers by using a different name. It is important that your account name and the name on the documents that you have provided for KYC are exactly the same. Moreover, the name on your preferred mode of payment should also match. If not, then your KYC will not be approved and you will not be able to trade on The 5ers.
To conclude, The5ers is a prop trading firm that allows traders with any level of experience to start trading with a good amount of funds; thereby, increasing profits. Their demo account and in-depth education programs help traders in enhancing their trading skills and achieving success in their strategies. Now that you have read our The5ers review, you can be assured that their platform is absolutely legitimate and safe to use. So, register right away on The 5ers and have a wonderful trading experience.