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10,0%
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7,0%
Top 10
5,0%
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1,0%
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0,5%
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0,2%
Top 100+
0,05%
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The5ers Review 2024
Minimum
deposit:
deposit:
- $85
Trading platform:
- MetaTrader5
Minimum
deposit:
deposit:
- $85
Trading platform:
- MetaTrader5
Trading features:
- All trades are funded
Leverage:
- Up to 1:30
Summary of The5ers Trading Company
The5ers is a reliable prop trading firm with the TU Overall Score of 7.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by The5ers clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the firm’s clients are mostly satisfied with the company. The5ers ranks 4 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The5ers company is unique. It allows a trader with any level of experience to start trading with a large fund, which potentially increases profits. The platform takes 50% of the trader’s profit from bonus funds. The5ers has a convenient demo account and an in-depth education program that allows you to quickly increase your level of trading skills and the success of your trading strategies.
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5.7
/10
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2
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5.28
/10
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6.68
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The5ers is a prop trading company. “Prop” is short for “proprietary”, and a prop shop is a trading firm that deploys its own capital toward traders’ pursuit of trading profits. The5ers was registered in Israel in 2016 and has several representative offices globally, the largest of which is located in the United Kingdom. It uses the MT5 trading platform, which allows for the trading of currencies, stocks, precious metals, and indexes. Registration is paid, and the price starts at $235 ($85 of which is for the education program). Platform fees are below the market average. Its distinguishing feature is that it provides funding to traders by making free deposits into their accounts ranging from $6,000 to $4 million. This money cannot be withdrawn, but it is possible to withdraw profits from their use in the proportion of 50/50 (that is, half of the profit goes to the company). The leverage is up to 1:30. The5ers describes itself not as a broker, but as a platform for active trading with funding opportunities.
| 💰 Account currency: | EUR, USD, GBP, JPY, CAD, AUD, NZD, CHF |
|---|---|
| 🚀 Minimum deposit: | $85 for the education program and $235 for the standard account |
| ⚖️ Leverage: | Up to 1:30 |
| 💱 Spread: | N/a |
| 🔧 Instruments: | Currency pairs, precious metals, indexes, securities |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with The5ers:
- Trading is available in 7 currency pairs, 2 precious metals, 6 indexes, and over 3,000 securities.
- Depending on the deposit, this prop company will provide traders with free funding up to $6,000.
- For novice traders, there is a demo account and a paid education program.
- The standard leverage is 1:10, but it can be increased to 1:30 through an increase in the deposit and using additional options.
- There are no limitations on the trading strategy; the trader builds his portfolio of assets and chooses his own trading style.
- You can buy plans for $235 or $85 if you want to start with a demo account.
- The platform provides trading tools, analytics, strategy ideas, and an economic calendar.
👎 Disadvantages of The5ers:
- A trader cannot start trading without agreeing to the funding conditions of the company.
- Positions are opened only with an SL order, and the ceiling on the risk level is 2% of the trader’s current balance.
- A trader may have no more than three accounts, while accounts that are inactive for 21 days are automatically closed.
Evaluation of the most influential parameters of The5ers
Geographic Distribution of The5ers Traders
Popularity in
24.3%
IN
11.8%
US
9.2%
GB
6.6%
TH
3.3%
DZ
1.3%
IT
1.3%
MA
1.2%
TR
1.2%
PK
29.8%
Others
Video Review of The5ers i
User Satisfaction i
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Expert Review of The5ers
The5ers state that they are not a broker, and in general, this is true. Unlike traditional brokers, this platform not only gives clients access to the international market for currencies, precious metals, indexes, and securities, but it also finances their trades. Without participation in funding programs, it is impossible to become a client of The5ers. There are four programs to choose from. One includes a demo account for beginners who want to improve their trading skills. The other three programs are intended for Forex market professionals.
The5ers don’t have free programs. The deposit for novice traders is $85. Professionals need to deposit at least $235. After activating the account, the prop company provides the trader with an amount starting at $6,000 (the final amount is determined by the selected program). The client then trades based on their own terms and with any strategy they choose. However, the rate cannot exceed 2% of the deposit, and no trades can be opened without a stop loss. The5ers retains half of all profits.
The5ers conditions are unique for global trading. Many people were skeptical of the platform at first, but this attitude turned out to be groundless. TU experts analyzed more than 5,000 user reviews and came to a clear conclusion: the company has developed a popular and profitable system that really allows you to earn good money with minimal investment. Of course, the traditional risks remain. Nonetheless, substantial funding enables users to count on profits that they would not have been able to receive otherwise.
Dynamics of The5ers’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
At the moment, the The5ers platform does not provide its clients with any investment solutions. Conventionally, an investment portfolio is a group of assets that a client trades through their account. They can open up to three accounts, but accounts must differ in the investment portfolio and the trading strategy used. A trader may implement a long-term strategy for permanent profits because this is not prohibited by the platform’s rules.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
The Funded Trader program has one distinguishing feature:
Every trader who starts trading with The5ers automatically participates in the funding program. The essence of the program is that you must reach a certain profit level at each stage in a given period. For example, to complete the first stage, it is necessary to receive a stable profit of 6% under the "low risk" option. With the "aggressive" option, you need to make a profit of 12%. When you move to the next stage, the funding increases by four times.
The example above is for a program with a deposit of $235. The requirements are similar for programs with deposits of $385 and $745, but the funding amounts are higher.
Trading Conditions for The5ers Users
The5ers prop trading company allows you to trade the following currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, and USD/CHF. Precious metals are represented by gold and silver. The indexes include S&P500, DAX30, NAS100, US30, UK100, and JPN225. As for the stocks, The5ers provides access to all the most popular securities, which exceeds 3,000 instruments. All trades are conducted only through the MT5 trading platform. This trading platform is available for Windows, MAC, Linux, and via a browser extension. You cannot connect your account with The5ers to another trading platform, such as MT4.
$85
Minimum
deposit
1:30
Leverage
8/6
Support
| 💻 Trading platform: | MetaTrader 5 |
|---|---|
| 📊 Accounts: | A standard or training account with funding, the amount of which is determined by the initial deposit |
| 💰 Account currency: | EUR, USD, GBP, JPY, CAD, AUD, NZD, CHF |
| 💵 Replenishment / Withdrawal: | Bank transfer, electronic payment system |
| 🚀 Minimum deposit: | $85 for the education program and $235 for the standard account |
| ⚖️ Leverage: | Up to 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | N/a |
| 💱 Spread: | N/a |
| 🔧 Instruments: | Currency pairs, precious metals, indexes, securities |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | N/a |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | N/a |
| ⭐ Trading features: | All trades are funded |
| 🎁 Contests and bonuses: | No |
Comparison of The5ers to other prop firms
| The5ers | Topstep | FTMO | Funded Trading Plus | Funded Next | E8 Funding | |
| Trading platform |
MetaTrader5 | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MetaTrader4 | MT4, MT5 |
| Min deposit | $85 | $1 | $155 | $119 | $99 | $138 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | N/a | ECN | Instant Execution | Market Execution | N/a | No |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| The5ers | Topstep | FTMO | Funded Trading Plus | Funded Next | E8 Funding | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | No | Yes |
| Crypto | No | No | Yes | Yes | No | Yes |
| CFD | No | No | Yes | Yes | No | Yes |
| Indexes | Yes | No | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
The5ers Commissions & Fees
Information
The5ers does not set additional trading fees, so the trader pays only the spread, the value of which depends on the market conditions. The only mandatory payment is the initial deposit. Depending on the chosen program, the trader can deposit 85, 235, 385, or 745 US dollars. The amount of the deposit determines the amount of funding. For example, if you deposit $235, The5ers gives you $6,000, and if you deposit $385, you will receive $10,000 in your account. No more investments are required (you can deposit funds, but this is not necessary for trading). Further, you will have the opportunity to receive additional funding, which is four times the standard one. The maximum amount of funding is 4 million US dollars, and further work with the trader is done under special conditions.
| Account type | Spread (minimum value) | Withdrawal commission |
| $235 | $6 | No |
| $385 | $10 | No |
| $745 | $20 | No |
The platform does not charge any fee for depositing and withdrawing funds. However, fees may be charged by third parties, that is, by services that are involved in the transfer (banks, electronic wallets, and payment systems). The5ers operates completely transparently, and all fees are disclosed to the trader before the transaction.
Detailed Review of The5ers
Because The5ers has been operating since 2016, it has a reputation as a reliable, proven platform that fulfills its obligations to clients in full scope. The advantage of working with it is that you don’t need to go through a long, multi-stage verification process to participate in the funding program. You can sign up during the daytime and start trading on a live account with bonus funds by the evening. It is not possible to trade without bonus funds, which means you should accept funding from a prop company for at least the minimum amount, which is 6,000 US dollars You can deposit money not only in US dollars, as the platform provides a multicurrency account.
The5ers by the numbers:
-
$85 is the minimum deposit;
-
$6,000 is the minimum funding amount;
-
3,000 is the number of shares to trade;
-
$0 is the trading fee;
-
1:30 is the maximum leverage.
The5ers is more than a broker
Brokers usually provide their clients with access to a particular market (or several markets). Some companies also offer benefits (like a welcome bonus) and various solutions for passive earnings (for example, deposits or staking cryptocurrencies). The5ers doesn’t have any of the above. Instead of benefits and additional instruments, this company provides funding to its traders. That is, it transfers a certain (and considerable) amount to the client’s full disposal for free. There are no trading fees (except for the spread), but The5ers takes half of the profit.
Having invested only $235, it is not bad to get $6,000 into the account, which cannot be withdrawn but can be freely used in trading currencies, precious metals, indexes, or securities. However, these programs have conditions. The trader must reach a certain percentage of income and earn at least a certain amount within the agreed period. If the trader does not achieve this goal, their account is automatically closed without the possibility of recovery. For example, under the $235 program with the "low risk" option, you need to achieve at least 6% profit and earn at least $375 within 180 days.
For "aggressive" trading styles, the term is usually two times less. It is also worth noting that if the account is inactive for 21 days, it will be automatically closed and the funds will be lost. That is, the company’s conditions are very strict, but they are quite understandable when you consider the amounts that The5ers provides for free for trading purposes. In this way, the company protects itself from scammers and inactive traders who are unsure whether they are ready to make Forex their primary source of income. You need to clearly understand that this is a trading service for professionals.
Useful features:
-
Maximum Lot Estimation. This is an indicator for charts in MT5 that shows the maximum size of the position available for placement on the current pair, depending on the leverage and funds in the account.
-
Credit risk. Another indicator that assesses the risk of the selected asset. It estimates the risk for all open positions with stop orders; the trader can see the risk value in US dollars and percentages.
-
Drag and Trade. An expert advisor for MT5, which helps place orders with a predetermined risk. It calculates the lot size for the selected asset based on risk and input/output prices.
-
Economic calendar. A typical calendar that displays all economically significant events for the year ahead. It allows you to develop the most accurate trading strategies over the long term.
-
Trading room. A special section of the company’s blog where financial experts publish a weekly market analysis. Here you can find up-to-date analytics on currencies, assets, and securities.
Advantages:
1
The trader does not start with a minimum deposit. The prop company provides them with substantial funding to maximize profits in the shortest possible time.
2
No trading fees or extra charges. The trader only pays the company half of the profit from trading using bonus funds.
3
There are no fees for depositing or withdrawing funds, and traders can use any of the major payment methods, such as bank transfers, electronic wallets, and online payment systems.
4
The company offers several programs, including a unique education program in which a trader first works on a demo account and then receives up to 100,000 US dollars into a live account.
5
The platform is constantly updated with new analytical materials, turnkey investment portfolios, and trading strategies. Experts actively assist traders in increasing their earnings.
6
Ready-made indicators and expert advisors are available for easy integration into the MT5 trading platform. Detailed text and video instructions are provided for each option.
7
The5ers has an excellent education program that has been praised by both users and experts. A well-structured article contains numerous tips for traders of all levels.
Guide on how traders can start earning profits
The5ers offers four programs that differ in the initial deposit and funding conditions. There are no differences in trading instruments, fees, or limitations. Except for the education plan, all programs are divided into two categories based on the preset options – "low risk" or "aggressive." If "low risk" is selected, the requirements for continued funding are much more loyal. For example, the required profitability of trades under the "aggressive" option is twice as high on average as for the "low risk" option. At the same time, the profit potential based on financing will be the same.
Types of plans:
Account Type
Description
$235 fee
Instant funding is $6,000, and the funding potential is $24,000. Leverage is 1:10-1:30, the required profitability to move to the next stage is 6-12%, and the duration of the first stage is 60 or 180 days.
$385 fee
Instant funding is $10,000, and the funding potential is $40,000. Leverage is 1:10-1:30, the required profitability to move to the next stage is 6-12%, and the duration of the first stage is 60 or 180 days.
$745 fee
Instant funding is $20,000, and the funding potential is $80,000. Leverage is 1:10-1:30, the required profitability to move to the next stage is 6-12%, and the duration of the first stage is 60 or 180 days.
$85 fee
Instant funding is $25,000 (to a demo account), and the funding potential is $100,000 (to a live account). Leverage is 1:10, the required profitability to move to the next stage is 5%, and the duration of the first stage is 365 days.
Note that the profitability required for the progression is indicated as a range (the demo account is an exception), with a smaller figure corresponding to the "low risk" option and a larger figure corresponding to the "aggressive" option. The duration of the first stage is also indicated as a range. Remember that if a trader does not meet the conditions for progressing to the next stage within the specified time frame, their account will be closed. As for the education program, the profit payments on the live account are 100%, which means that The5ers does not keep any of the trader’s earnings.
Investment Education Online
Information
The5ers offers several education options. If you are a novice trader, the easiest way is to open an account under the "Bootcamp" program. In this case, you will first start trading on a demo account and receive hints. The platform will open a live account and provide you with funding only after you reach a certain percentage of your profit. You can also use all of the blog’s materials, including analytics, tips, and strategies, as well as detailed guides on trading currencies, indexes, and securities.
Information presented in the company’s blog
Information not presented on the The5ers website
How to work with the platform; fees and programs available, their features and advantages
Theory of trading CFDs, cryptocurrencies, and other assets that are not represented on the website
How to register and manage a user account
Development of professional strategies for highly experienced traders
Tips and guides, examples of strategies, and analytics
Guides and tips for trading on platforms other than MT5
Psychological training of a trader, the specifics of various strategies
Money management rules, methods of working with calculators, charts, indicators, and expert advisors for the MT5 platform
Security (Protection for Investors)
Information
The company’s activities are not regulated. The platform, on the other hand, has been active for 6 years. During this time, no facts of hacking, fraud, or unresolved conflicts with clients have been registered.
More about The5ers safety and regulationThe trader can ask questions to technical support from Sunday to Thursday – from 7:00 to 17:00 GMT, and on Friday – from 7:00 to 12:00. Technical support can be reached via a multi-channel phone (two numbers) and email. If a trader disagrees with something, they can file a claim in free form, which will be reviewed by competent specialists.
👍 Advantages
- A trader can promptly contact technical support in several ways
- The5ers has been on the market for 6 years and has proven to be a trustworthy partner
👎 Disadvantages
- Because The5ers is not regulated, the trader is legally unprotected
- The company is not liable for the trader’s funds
Withdrawal Options and Fees
-
The company has not set a minimum withdrawal amount. This means that a trader can withdraw funds at any time and in any amount.
-
The trader has several withdrawal options, the most common of which are transfers to a bank account and electronic payment systems.
-
The5ers does not charge a withdrawal fee, but it is taken by third-party services (for example, payment systems).
-
Withdrawals are available in the following currencies: EUR, USD, GBP, JPY, CAD, AUD, NZD, and CHF.
-
Keep in mind that if your account is blocked, you will be unable to withdraw funds (for example, if you have been inactive for 21 days).
Customer Support Service
Information
We have already mentioned that The5ers technical support does not work on Saturday. It should be noted that email requests are not processed on this day or during other non-business hours.
👍 Advantages
- Users who are not clients of the company can also get technical support
- During business hours, the support team responds promptly and in detail through all available communication channels;
👎 Disadvantages
- Support does not work on Saturday
- There is no live chat on the website.
Users can also contact either of the two offices (located in Israel and the UK) for any questions, including resolving disputes.
Contacts
| Foundation date | 2016 |
| Registration address |
HaHaroshet St 14, Ra’anana, Israel. Enstar House, 168, Praed Street, London, UK, W2 1RH. |
| Official site | the5ers.com |
| Contacts |
Email:
help@the5ers.com,
Phone: +1 (929) 955 5595, +44 (20) 8068 0793 |
Review of the Personal Cabinet of The5ers
To get access to the user account, you need to sign up on the official website of the company. You can do this directly or by going to the website via the Traders Union referral link.
1
There is a "Quick Start" button on the main page of the website, located in the upper right corner of the screen. Hover the cursor over it and select the funding option you are interested in from the drop-down menu.
2
Create a password, and enter your first name, last name, and the country in which you are a resident. Then specify your email address (it is also recommended to specify a phone number). Enter the actual address of residence and the postal code. Briefly describe how you found out about The5ers prop trading company.
3
Read the user agreement, risk notification, and other documents provided by the link. Tick the boxes, agreeing to the conditions of the company.
4
Enter your bank card details or choose an alternative deposit method. Check the box if you want to save the payment method. Click "Proceed" and follow the on-screen instructions. You should deposit the amount corresponding to the fee for the funding program of your choice into your account.
5
After you follow the instructions, you will be provided with a user account on the official website of the prop company. Log in (the button is in the upper right corner of the main menu). Go to the "Trading Tools" section and download the MT5 trading platform for your device. Enter the registration details in the trading platform and start trading.
Sections accessible through The5ers user account:
-
Financing programs. The program that is currently active is highlighted in the list. The user can change the program if they fulfill the conditions of the previous one.
-
User Dashboard. This menu contains account data as well as all the features of the website, including links to trading instruments and the company’s news feed.
-
My Profile. From this menu, the trader can change their password and registration details. Traders Union experts recommend changing the password every 2-3 months to enhance security.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Find out how The5ers stacks up against other brokers.
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FAQs
How do client reviews impact The5ers rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about The5ers you need to go to the company's profile.
How can I leave a review about The5ers on the Traders Union website?
To leave a review about The5ers , you need to register on the Traders Union website.
Can I leave a comment about The5ers if I am not a Traders Union client?
Anyone can post a comment about The5ers in any review about the company.
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