The 5%ers
Company Background: The 5%ers is a global proprietary trading firm offering funding for forex traders. They focus on identifying and funding talented traders worldwide, providing them with the necessary capital and support to scale their trading operations. The firm aims to develop professional traders through various trading programs and educational resources.
Year Established: January 1, 2016
Head Office Location: Israel
Prohibited Countries: Not specified, typically excludes OFAC sanctioned countries
Associated Brokers: Not specified
Evaluation Description: Traders start with a low-risk evaluation program where they need to achieve a specific profit target while adhering to risk management rules. Successful traders are then given live funded accounts.
Funded Trader Benefits: Funded accounts, access to higher capital scaling, support and educational resources, and a profit split
Profit Split: Up to 50%
Account Size (USD): N/A
Max Trading Days: N/A
Min Trading Days: N/A
Max Daily Loss: 4%
Max Total Loss: 6%
Profit Target: 6%
Challenge Fee (USD): Starts at $235 for a $24,000 account
Fee Refundable: No
News Trading Allowed: Yes
EAs Allowed: Yes
Copy Trading Allowed: No
Describe Scaling Plan: Traders' accounts can scale up based on performance, potentially increasing account sizes and profit splits.
Scaling Plan Requirements:
Min Months Prior to Scaling: Minimum number of months in a scaling cycle: Not specified
Total Minimum Profit Percentage Achieved: Varies, generally consistent profitability
Positive Account Balance Required: Yes
Increased Profit Split: Potentially, depending on performance
Max Account Value: Up to $1,280,000
Trading Platforms Used: MetaTrader 4, MetaTrader 5
Tools & Services Provided by the Prop Firm: Trading analytics, educational resources, webinars, and community support
Prop Firm Trading Educational Material Provided: N/A
Testimonials:
Trustpilot Rating: 4.8
Number of Trustpilot Reviews: Over 700
Prop Firm Social Presence: Instagram: 12.3K followers, YouTube: 8.5K subscribers, Facebook: 10K followers, Twitter: 2.3K followers
Online Opinion of Prop Firm: The 5%ers is a well-regarded prop firm with positive reviews and a strong focus on trader development and support.