How to get funded with The5ers prop company?
To become a funded trader, it is vital to showcase your skills and abilities during the evaluation period. If you reach the profit target during the evaluation period, you can get money for your trading account.
The5ers is a leading prop company that allows traders to start trading with hugely funded capital against an initial minimum deposit. All you need to do is visit the website and select one of the options from the provided funded training programs, make the initial deposit for the program and start trading.
Two options exist for a funded training program on The5%ers:
Get funded in 60 days with Risk Manager Program with 1:10 leverage.
Get funded in 180 days with Aggressive Trader Program with 1:30 leverage.
Furthermore, there are three types of funded account programs, at €235 with $6000 instant funding, €385 with $10,000 instant funding and €745 with $20,000 instant funding.
In this article, the traders will learn about the The5ers funded account programs, exploring the details from signup to the final procedure of the registration step. Scroll down to explore the facts!
How to Get Funded for Trading Forex?How do you become a funded trader?
To become a funded trader with The5ers, you must sign up for the The5ers funded account program. Below is a step-wise guide for becoming a funded trader on the platform:
Step 1: Visit the official website of The5ers.
Image: Step by step guide how to become a funded trader on The5ers
Step 2: At the top menu bar of the homepage, you will find a drop-down option for "Funding Programs." Click on it.
Step 3: On the second option of the drop-down menu, you will find the Instant Funding option. It has another arrow showcasing a new menu. Click on it.
Step 4: The menu will have three options; choose the Funded Programs option.
Image: Step by step guide how to become a funded trader on The5ers
Step 5: Scroll down through the page to find details of all the programs available on the platform.
Step 6: There are three types of funded accounts that you can apply for. The three The5ers funded trading accounts are divided into two sections- Low Risk and Aggressive Risk. Go through the rules of the particular plans.
Image: Step by step guide how to become a funded trader on The5ers
Image: Step by step guide how to become a funded trader on The5ers
Step 7: Once decided which plan to choose, scroll down a bit to find the Signup option for the respective plan. Click on it.
Step 8: Understand the complete terms and conditions of the respective program. Check out the purchase amount, and enter the quantity (at once; you can get only one account). Next, click on the Signup option.
Image: Step by step guide how to become a funded trader on The5ers
Image: Step by step guide how to become a funded trader on The5ers
Step 9: Enter all your details on the next page to get started with the account.
Step 10: Click on Agree to Terms and Conditions after reading them.
Step 11: Choose a payment method and make the payment.
Image: Step by step guide how to become a funded trader on The5ers
Step 12: You will receive the account credentials in your email. Login to your account and check the status. It should be "Active".
Step 13: Once you log in to the account, start trading after analyzing the market using the tools.
Step 14: Ensure you adhere to the rules for getting the funding.
Step 15: Pass the two stages of the challenge to get funded.
How long does it take to become a funded trader?
If you want to become a funded trader with The5ers, you must cater to the rules and regulations of the platform. To pass the challenge, you must trade for the minimum number of trading days specified on the platform.
The number of trading days to become a funded trader will vary depending on your chosen The5ers funded program account. For the low-risk account types, the number of trading days within which you can get funded is 60, while for aggressive accounts, it is 180. To become a funded trader, you can pass the challenges between 60 and 180 days. However, it is advisable to be familiar with the rules to start trading and get funding.
Can I Become a Funded Trader?The5ers audition review
The5ers requires traders to pass an audition process, which is an evaluation step to test the risk management skills and trading strategies of the traders. According to The5ers audition review, some key points to consider are:
Evaluation Criteria: The5ers assesses traders on their trading strategy, risk management abilities, discipline, and performance. Successful traders should possess a strong comprehension of technical and fundamental analysis while managing risks competently.
Trading Platform: The5ers employs the MetaTrader 4 (MT4) platform, which is compulsory during the audition process. Therefore, traders must have a proficient understanding of MT4 and be familiar with its functionalities.
Risk Management: The5ers prioritizes risk management and expects traders to have a robust risk management strategy. This entails effective position management and loss limitation measures.
Funding: Successful traders can trade with The5ers' capital after completing the audition process. The funding amount granted depends on their level of risk and performance, ranging from $24,000 to $1,280,000.
Fees: As per reputable sources, The5ers levies a one-time fee on the audition process, based on the trader's selected account size, ranging from $100 to $400. Funded traders are not subject to further fees or commissions on their earned profits.
The5ers audition process is a demanding assessment of a trader's abilities, requiring proficiency in trading strategies, risk management, and discipline. Trading with substantial capital without any extra fees or commissions may appeal to traders.
Nonetheless, the initial audition fee could be an obstacle for some traders.
Are Funded Accounts Worth it?How much can I attract as a funded trader?
To become a funded trader with The5ers, you must pass all the stages. After passing the stages, you will receive capital depending on the type of account you purchased. There are three types of capital that you can get as a funded trader from The5ers. This includes:
$24,000
$40,000
$80,000
Check out the table below to know the participation fee and starter funding capital for each account type:
| Funded Capital | Starter Funding Capital | One Time Fee |
|---|---|---|
$24,000 |
$6,000 |
€235 |
$40,000 |
$10,000 |
€385 |
$80,000 |
$20,000 |
€745 |
FAQs
How does The5ers funding work?
The5ers provides traders with a simulated trading account for the audition process. If a trader passes the audition, they are offered a funded trading account with The5ers, with account sizes ranging from $6,000 to $20,000 depending on the trader's performance and chosen risk level.
What is the profit split for funded traders with The5ers?
Funded traders with The5ers receive 50% of their profits, with the remaining 50% going to The5ers.
How long do traders have to pass the The5ers audition?
Traders have 60-180 days to trade and must achieve a profit target of 6% or more to pass the evaluation.
What is evaluated during The5er's audition?
Traders' trading performance, risk management, and overall trading strategy are evaluated. The evaluation process includes automated and manual analysis of the trader's trading activity, and traders receive feedback on their performance throughout the evaluation period.
Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.