Info
Popularity & Trust
Trust Pilot Reviews: 7654
Trust Pilot Rating: 4.8
Last Update: October 18, 2024
Exist: 5 Years
Trust Score: 9.7 / 10*
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $78
25K Fee: $206
50K Fee: $250
100K Fee: $495
Price Score: 91*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 8%
P2 Target: 5%
Max Drawdown: 10%
Max Daily DD: 5%
Difficulty Score: 1.4*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 7.7 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
VALUE NOTES
The5%ers have a 3 Day Profitable trading rule to pass a challenge. This means you have to make at least 0.5% profit on 3 days to qualify. This small restriction was considered in the Challenge Value rating.
Rules & Restrictions
Leverage: 100:1
Daily Drawdown Type: 🙁 Equity / Balance
Challenge Time Limit: 😀 No Time Limit
News Trading: ❌ No (Auto Close)
Hold Weekends: ✅ Yes
EA's : ✅ Some Allowed
Other: ❌ Min Profitable Days Rule
NEWS TRADING
No trading 2 mins before or after high impact news. https://help.the5ers.com/can-i-trade-during-news/
EXPERT ADVISORS
No HTF or Martingale. More info: https://help.the5ers.com/can-i-use-an-ea-expert-advisor-can-i-set-a-stealth-mode-stop-loss/
OTHER NOTES
The5%ers have a “Min 3 Day Profitable” trading rule during challenges. This means you have to make at least 0.5% profit on 3 days to pass a challenge.
*Please visit the firms website for updated terms & conditions
Trade Cost
FOREX SPREAD
FX Commission: $8
EU Spread: 1
UJ Spread: 2
UF Spread: 1
FX Spread Score: 9.3
INDEX SPREAD
Index Commission: $0
NAS Spread: 80
S&P Spread: 45
DOW Spread: 200
Index Spread Score: 10.8
SWAP FEES
Swap Score -44
Payouts & Scaling
Fee Refund: 20%
Simulated Share: None
Profit Share: 80%
Scaling: ✅ Yes*
Merging: ☹️ No
Max Combined Accounts: $100000
REFUNDS & BONUSSES
Small bonus received once you pass. Around 20% of your account fee.
PROFIT SHARE
Increased profit share only starts at $175k. You need 3 x 10% growth to get started on a 100k account and 8x for max. More info here: https://the5ers.com/high-stakes/
SCALING
Very good scaling plan, specially from 100K. Around 25% growth every 10% gain and profit split increase. https://help.the5ers.com/how-does-growth-work-in-the-high-stakes-program/
PAYOUTS
$150 Minimum
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ MetaTrader Support ⭐ Excellent Trust Rating ✅ Good Index Spread ✅ Good Swap Fees ✅ Low Challenge Fees ✅ Easier 2-Step Challenge ✅ Good Challenge Value ✅ Hold Weekends Allowed ✅ No Challenge Time Limit ✅ Some EA’s Allowed* ✅ Good Scaling Plan ✅ Challenge Fee Refund: 20% ✅ Bi-Weekly Payouts ✅ Crypto Payouts
❌ CON’S
❌ Daily DD Highest Equity/Balance ❌ News Trading Not Allowed (Auto Close) ❌ Min Profitable Days Rule ❌ No Merging
Summary & Rating
THE UPSIDE
There are several factors making this firm great, but there are a few that stand out. The firm has a very high Trust Rating and they have been around for very long. They offer MetaTrader 5 which few firms do these days and they have an excellent scaling plan and good challenge value.
THE DOWNSIDE
The main downsides to this firm is the Drawdown Rule, which doesn't suit swing trading. There is a Min 3-Day Profitable trading rule and no merging. Nothing major if you keep these in mind.
IN SUMMARY
This is a great all round firm. The positives far outweigh the negatives and since this firm has such a high trust ranking it definitely one I can recommend. I have no reason not to rate this firm as Tier 1
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