| Updated
The5ers: Review, Pros & Cons and Discount Code
What you need to know about The5ers
The5ers offers a range of CFD trading programs, with one-step, two-step and three-step routes providing different paths to a funded account. Trading is available through MT5, cTrader and TradingView, with platform availability varying by trader location.
Traders can access markets including forex, indices, metals, oil and cryptocurrencies, with the available instruments varying by program. The5ers also offers scaling opportunities, allowing traders to increase their account size and profit share as they progress.
Profit splits depend on the program chosen and can improve as an account scales, with traders able to work towards a 100% profit share on selected programs. The first payout can be requested after 14 days on a funded account, followed by payouts every two weeks.
Use PROPINDER for 10% off eligible The5ers programs. The discount is available to all users on eligible purchases.
Why The5ers stands out
The5ers focuses on trader development and account growth, with a scaling structure that allows traders to increase their funding as they progress. The Hyper Growth program can scale up to $4 million, while profit shares can also improve as traders reach higher levels.
There is plenty of additional support available for traders too. Traders have access to educational courses, live trading sessions, workshops and performance coaching, providing additional opportunities to develop their skills.
How to claim your The5ers discount
Enter PROPINDER at checkout to apply the 10% discount to your chosen The5ers program.
Strong scaling potential, allowing successful traders to increase their account size as they progress.
Operating since 2016, giving The5ers a long track record in the prop trading sector.
Choice of one-step, two-step and three-step programs, allowing traders to choose how many evaluation stages they complete before reaching a funded account.
Overnight and weekend holding is permitted, giving traders the flexibility to keep positions open for longer periods.
What traders ask
Is there a discount code for The5ers?
Yes. All users can get 10% off eligible The5ers programs by entering PROPINDER at checkout.
How often can I withdraw profits from The5ers?
The first payout can generally be requested 14 days after receiving a funded account, with further payouts available every two weeks. On relevant programs, scaling can restart the 14-day payout cycle, so traders should take this into account when planning a withdrawal.
Can I trade news with The5ers?
It depends on the program. High Stakes is The5ers' two-step program and restricts the execution of new orders around high-impact news events. Existing positions can be held through news, but if a trade breaches the restriction, the profit is removed while any loss still counts. Other programs have different news-trading rules, so these should be checked before trading around major announcements.
Can I hold trades overnight and over the weekend?
Yes. The5ers allows overnight and weekend holding, giving traders the option of keeping positions open beyond the trading day rather than having to close them before the market shuts.
Does The5ers allow scalping?
Scalping is not simply banned across all The5ers programs. However, very short-duration trading practices such as tick scalping are restricted, along with other prohibited strategies designed to exploit short-term pricing or execution conditions. Traders using short-term strategies should therefore check that their normal trading style falls within The5ers' rules.
Trade with The5ers
10% off any account, every time. A permanent benefit for all users, with no expiry.
Authors
Ciceron Valle
Ciceron Valle is a trading technologist with a decade in fintech who reviews futures and CFD prop firms for Propinder. He previously managed prop firm partnerships and platform onboarding at Swiset, a white-label technology provider for prop firms.
Louise Carr
Louise Carr is an experienced Futures and Forex trader/analyst with over 15 years in the financial markets. Her career began in 2009 after transitioning from a successful role in financial services.