The5ers Account Opening Guide for Traders
If you're looking to open your The5ers account, you can do so by following these steps:
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Choose the funding option.
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Three programs are available.
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Click on the signup option.
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Go through the rules, choose the quantity, and move ahead by clicking Sign up.
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Create your account.
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Choose the preferred payment method.
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After payment confirmation, the account details will be sent to your email ID.
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Sign up using the account details and start trading.
Opening a The5ers account is a straightforward process that can be completed in just a few steps. The company offers a challenge program for traders to showcase their skills and potentially earn funding for their trading activities.
To open a The5ers account, traders must visit the company's website and sign up for the challenge program. After registering, traders must pass a series of evaluations to prove their skills and earn funding. Upon successful completion, traders will receive a funded trading account from The5ers.
In this guide, we'll take you through the steps of opening a The5ers account, from creating an account on the company's website to passing the evaluation phase and receiving funding. Whether you're an experienced trader or a beginner, this guide will provide you with everything you need to know to get started with The5ers Challenge.
Best Prop Trading FirmsHow do I become a funded trader?
The5ers is a proprietary trading firm that provides funding to traders who have proven their trading skills and strategies. Trading with The5ers can offer a range of benefits, including access to funding, low trading fees, and a supportive community of traders. Becoming a funded trader with The5ers can be an excellent opportunity for traders who want to take their trading to the next level without risking their capital.
To become a funded trader with The5ers, you must pass their evaluation process, which includes demonstrating consistent profits over a certain period and following their risk management rules.
You must create an account on the app to become a funded trader.
There are different types of programs, and you can choose from any one and proceed with it.
While taking the evaluation challenges, you must cater to the needs and follow the rules. As soon as you violate any rule, your account will be banned.
How to Become a Prop Trader? A guide for beginnersWho can join The5ers?
The5ers welcomes people of all nationalities to become funded traders. If you want to start trading across this platform, measure the benefits. However, while signing up, you must provide a government-provided ID. There is no essential requirement for becoming a trader on this platform as long as you pass the evaluation program. To join The5ers, make sure to provide a government ID.
Should I Join a Prop Firm? Key Pros And ConsTrading rules
The5ers has strict trading rules that traders must follow to maintain their funded account. These rules promote responsible trading and help traders manage risk effectively. Below are the The5ers trading rules that all traders must follow:
Maximum position size: The maximum position size for all trades will vary depending on your chosen account type.
Stopout: Maintain the stop-out range in your account to prevent any unwanted risks. The stop-out range to maintain in the account will ultimately depend on your chosen account.
Maximum drawdown: The maximum allowable drawdown for the account is 5%. If the account balance reaches a drawdown of 5%, the account will be suspended until the trader can reduce the drawdown.
Trading hours: Trading is only allowed during specified trading hours. The trading hours may vary depending on the trader's location and the traded instrument. You can trade 24*7 on the platform. You cannot trade only when the website is under maintenance.
Trading restrictions: Certain instruments may be restricted or prohibited for trading, depending on market conditions and other factors.
Traders are expected to follow these rules at all times, and failure to do so may result in suspension or termination of the funded account. The5ers also provides ongoing monitoring and evaluation of traders to ensure they meet the firm's trading standards. By following these rules, traders can benefit from the funding and support provided by The5ers while managing risk effectively.
Can I make money in prop trading?The5ers account opening guide
If you plan to start trading on The5ers, you must follow all the rules and regulations for opening the account. Before entering the detailed guidelines on opening a The5ers account, you must be familiar with the trading accounts.
Since you will be going for the evaluation plan, it is advisable to understand which plan would suit your requirements the best and then choose one accordingly. Once you have analyzed all the plans, you can work on opening the account on The5ers.
Below are the steps on how to open a The5ers account:
Visit the official website of The5ers.
Image: The5ers Account Opening Guide
On the top of the homepage, click the "Funding Programs" option.
From the dropdown menu, choose the Instant funding option.
Next, from the menu, choose the Funded Programs option.
Image: The5ers Account Opening Guide
Scroll down the page a little and evaluate all the programs available.
There are three programs, each with two subdivisions of Low Risk and Aggressive Risk. Evaluate the conditions for each risk option and choose the one that suits you the most.
Image: The5ers Account Opening Guide
Click on the signup option. You will be redirected to the new page.
On the new page, go through the rules, choose the quantity, and move ahead by clicking Sign up.
Image: The5ers Account Opening Guide
Scroll down a bit to create the account. Enter all the details. Agree to the terms and conditions.
Image: The5ers Account Opening Guide
Choose the preferred payment method and pay the amount.
Image: The5ers Account Opening Guide
After payment confirmation, the account details will be sent to your email ID.
Sign up using the account details and start trading.
FAQs
What are the requirements for opening an account with The5ers?
You must have at least six months of trading experience and provide verified trading results.
How do I open an account with The5ers?
You can open an account by registering on their website, completing the application form, and passing their evaluation process.
What is the evaluation process for becoming a funded trader with The5ers?
The evaluation process typically involves trading a demo account and demonstrating consistent profits while following the firm's risk management rules.
How much is The5ers fee?
There are four different funded account options on The5ers, and each of these options further has aggressive and low-risk options. Users with $24,000 are provided $6000 instant funding, and users with $40,000 get $10,000 instant funding.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).