Click Here | About The5ers
In the bustling landscape of proprietary trading, The5ers has emerged as a leading firm, providing traders with a platform to realize their financial aspirations. Led by CEO Saul Lokier, The5ers is based in London and boasts six years of industry experience, marked by a commitment to innovation and trader success.
Year Founded: The5ers was established in 2016.
Founder and CEO: The5ers is led by CEO Saul Lokier, a visionary dedicated to fostering a culture of excellence and empowerment among traders.
Office Address: The5ers operates from its base in London, although the exact office address is not specified. The London location is strategically chosen to serve traders globally.
Challenge Summary: The5ers offers a structured evaluation system with three stages, enabling traders to advance based on their skills and performance. The evaluation stages are:
- Step 1 Evaluation: Traders need to achieve a 10% profit target, demonstrating their ability to generate returns while adhering to risk management principles.
- Step 2 Evaluation: This stage is divided into two phases. Phase 1 requires an 8% profit target, while Phase 2 sets a 5% profit target.
- Step 3 Evaluation: Traders must reach a 6% profit target in each phase to progress further.
Additionally, traders must manage their drawdown within specified limits, ranging from 5% to 10% depending on the chosen challenge.
Main Trading Rules for Challenges:
- Profit Targets: Traders must meet specific profit targets in each evaluation step.
- Drawdown Limits: Maximum drawdown limits must be adhered to, ranging between 5% and 10%.
Trading Platforms: The5ers utilizes MetaTrader 5 (MT5), providing a powerful and versatile toolset for executing trades across various markets. Partnerships with commercial liquidity providers ensure smooth access to brokerage services.
Account Sizes and Leverage: The5ers caters to various trading needs with account sizes from $5,000 to $250,000. Leverage options differ by program:
- Hyper Growth Program: Offers leverage of 1:30, allowing for flexible risk management.
- Bootcamp Program: Provides leverage of 1:10, balancing risk and opportunity.
- High Stakes Program: Features leverage of 1:100, suitable for traders with aggressive strategies seeking enhanced returns.
Trading Instruments: The5ers offers a range of trading instruments including Forex, Metals, and Indices, catering to diverse trading preferences.
Payment Methods: The5ers provides the following payment method:
- Rise Payouts: A modern payout method that allows traders to receive funds in various fiat currencies and cryptocurrencies directly to their bank accounts. Traders need to enter their email in the payout details and request Rise at the payout time.
The5ers Specific Trading Rules:
- Expert Advisors (EAs): Allowed.
- Copy Trading: Allowed. Source
- News Trading: Allowed for Bootcamp and Hyper Growth programs. Source
- Stop Loss: Mandatory only for the Bootcamp program. Source
- Weekend Holding: Allowed, which benefits swing trading strategies.
Key Information:
- Founded Since: 2016
- Based Country: United Kingdom
Explore Previous Valuable Insights!
Bootcamp funded
The support team is friendly and answers precisely, the company has no fake gurus promoting it, it is full of professional traders which rubs on you as you join you feel the atmosphere. The professionalism of the team is on another level. Plus it’s one of the first prop firms in the industry which shows they mean business they are not following trends. To me it is the best prop firm
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