How does The5ers Scaling Plan Work
The Scaling plan The5ers is known as the Growth Trading Program. The traders must undergo three rigorous challenge phases to get the trading seat. Once they pass the challenge, they can start trading.
Nowadays, becoming a trader is challenging considering the market situation. Irrespective of your capital, it can be huge if you suffer a loss. For this reason, many traders are opting for funded programs where they can start trading by depositing a minimum fee and getting a large capital account. One prominent prop firm allowing traders to trade through funded accounts is The5ers.
The5ers is a proprietary trading firm that offers a scaling plan for Forex traders. Their scaling plan provides traders with a funded account, allowing them to increase their trading capital as they demonstrate profitability. The plan offers various funding levels and allows traders to keep a significant portion of their profits.
The platform has trading plans for everyone, whether you're an expert trader or a starter. It brings challenges and helps traders enhance their skills while trading.
This article will provide you with detailed insights into the5ers Scaling Plan review.
Best Forex Prop FirmsWhat is the The5ers scaling plan?
Most traders can only start trading big if they can access significant capital. Capital is one of the most prominent things to consider when trading. If you have the necessary skills to become a trader, try the The5ers Scaling Plan.
The Scaling plan The5ers is known as the Growth Trading Program. Although it is a low-priced program, it is not aimed at everyone. It is a very premium-specific plan that is for traders who are keen on maintaining discipline while trading with consistency. The traders must undergo three rigorous challenge phases to get the trading seat. Once they pass the challenge, they can start trading.
The Growth Trading Program is aimed at helping traders maintain profitability and consistency. Only after completing the three phases of the challenge will the trader be able to get the live-funded account. The traders must opt for a profit split when they get the live-funded account.
Are funded trader programs legit?The5ers Scaling Plan packages
The The5ers Scaling Plan Package or Growth Trading Program is available in three phases: $24K, $40K and $80K. It would help if you went on with the demo trade to showcase your skills.
As a trader, you must purchase these packages to be consistent and successful. For each account, you will receive a starter capital that you will have to secure and grow. By the end of the program, the account will notice a 4X growth, referring to the Scaling of the account.
You should consider assessing the programs before making a purchase. Unlike the traditional funding programs, there are no minimum days or trade requirements for The5ers Plans. Before discussing the Growth Trading Program packages in detail, below are the rules for The5ers Scaling Plan:
The maximum time for completing the Growth Trading Program is a year or 12 months.
Your account will expire if inactive for over 21 days.
Adhere to the rules of trading to get funded and start trading in a Live account.
Check out the rules for Live Trading after passing the three stages of the challenge in the image below:
Image: Live Trading rules
In the table below, we have provided you with the basic summary of the The5ers Growth Trading Program:
| Account Type | Risk Type | Number of Levels |
|---|---|---|
24K Risk Manager Funded Trader |
Low Risk |
10 |
| Aggressive Risk | 10 | |
40K Risk Manager Funded Trader |
Low Risk |
9 |
| Aggressive Risk | 9 | |
80K Risk Manager Funded Trader |
Low Risk |
8 |
| Aggressive Risk | 8 |
Once they pass the challenge, they must make the one-time payment to get the live trading six-figure account. The leverage will be 1:10. An example of the same is provided in the table below for 24K Risk Manager Funded Account for Growth Trading Plan:
| Program Level | Initial Balance | Milestone Target | Maximum Loss | Leverage |
|---|---|---|---|---|
Funded Trader LV 1 |
$6,000 |
$375 |
$360 (6%) |
1:10 |
Funded Trader LV 2 |
$24,000 |
$2,400 |
$1,440 (6%) |
1:10 |
Funded Trader LV 3 |
$48,000 |
$4,800 |
$1,920 (4%) |
1:10 |
Funded Trader LV 4 |
$96,000 |
$9,600 |
$3,840 (4%) |
1:10 |
Funded Trader LV 5 |
$192,000 |
$19,200 |
$7,680 (4%) |
1:10 |
Funded Trader LV 6 |
$384,000 |
$38,400 |
$15,360 (4%) |
1:10 |
Funded Trader LV 7 |
$768,000 |
$76,800 |
$30,720 (4%) |
1:10 |
Funded Trader LV 8 |
$1,280,000 |
$128,000 |
$51,200 (4%) |
1:10 |
Funded Trader LV 9 |
$2,560,000 |
$256,000 |
$102,400 (4%) |
1:10 |
Funded Trader LV 10 |
$4,000,000 |
NA |
$160,000 (4%) |
1:10 |
Example of Scaling plan The5ers
Let's say a trader starts with a $10,000 funded account from The5ers and chooses a risk management plan of 1% per trade. After proving their profitability over a specified period, they can move to a higher funded account level.
Assuming they achieve an average monthly return of 5%, their account balance could grow to $10,500 at the end of the first month. With the scaling plan, they can move to a higher funded account level with a more significant capital allocation, say $50,000.
The trader continues to demonstrate profitability; after several months, their account balance could grow to $75,000. At this point, they may reduce their risk management plan to 0.5% per trade to manage risk effectively.
Overall, the scaling plan from The5ers allows traders to increase their capital allocation as they prove their profitability, enabling them to achieve higher returns while managing risk effectively.
How Much Do Funded Forex Traders Make?FAQs
What is the minimum account size for The5ers Scaling Plan?
The minimum account size for The5ers Scaling Plan is $24,000.
What is the maximum lot size for The5ers?
Maximum lot size at The5ers is capped at 0.65.
What is the maximum leverage provided by The5ers Scaling Plan?
The maximum leverage provided by The5ers Scaling Plan is 50:1.
How many The5ers scaling plan accounts can an individual hold?
An individual can register for upt o 3 different scaling accounts for trading.
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.