The5ers Funded Account Review
The5ers Trading Fund is a proprietary trading fund, specializing in forex trading. The company is not a broker and does not provide retail trading accounts. Instead, it is a community of dedicated forex traders who support and motivate each other to achieve growth and success.
Funding Programs Types
The5ers works on a comprehensive evaluation program. Traders are assessed on their trading skills and professionalism through different evaluation mechanisms. The Low Risk Evaluation Program of The5ers is more suitable for low-risk traders as traders are required to sustain 6% gain in net profit and 4% drawdown avoidance.
The more experienced traders can choose to take The Extended Risk Evaluation Program. It has extensive benefits; however, traders have to maintain a higher net profit, with a drawdown rate of 8%.
Eventually, traders who meet the target goals of the evaluation qualify for a funded account. They can trade with The5ers capital, with zero risks and about 50% profit split. Thus, traders receive 100% account financing, 50% of the profits with a growth target of 10%, and 0% self-capital risk!
The5ers Funded Account
The fee for low-risk evaluation program to qualify for a $52,000 funded account is $550 and requires traders to trade a $13,000 live account to qualify. On the other hand, the fee for a $40,000 funded account is $400, and that for a $24,000 funded account is $270.
In terms of the Extended Drawdown programs, the one-time commitment fee for a $45,000 funded account is $1,200, for a $30,000 funded account is $800, and for a $21,000 funded account is $580.
- Account Financing – 100%
- Profit Split – 50%
- Growth Target – 10 %
- Self Capital Risk – 0%
Proprietary trading account
Years in business
Number of traders