The 5%ers Forex Broker

The 5%ers Forex Broker - Complete Information Guide

1. Broker Overview

　　The 5%ers, officially known as Five Percent Online Ltd., is a proprietary trading firm founded in 2016 by Gil Ben Hur and Snir Achiel. Headquartered in Ra'anana, Israel, with a registered office in London, UK, this privately held company has rapidly gained a reputation for its innovative approach to funding traders. The firm primarily serves the forex trading market, catering to a diverse clientele that includes both novice and experienced traders seeking to leverage significant capital without the risks associated with personal investments.

　　Since its inception, The 5%ers has achieved several important milestones, including the development of unique funding programs that allow traders to access substantial capital. The firm is recognized for its commitment to supporting talented traders, enabling them to maximize their trading potential while minimizing personal financial risk. The business model of The 5%ers is built around providing fully funded trading accounts, allowing traders to manage real capital and share in the profits generated from their trading activities. This innovative approach has positioned The 5%ers as a leading player in the proprietary trading industry.

2. Regulatory and Compliance Information

　　The 5%ers operates without traditional regulatory oversight typical of forex brokers. It is registered in Israel and the UK, but it does not hold licenses from major regulatory bodies such as the FCA (UK) or the CFTC (USA). As a proprietary trading firm, The 5%ers is not required to adhere to the same regulatory standards as brokers. This lack of regulation raises concerns about investor protection and fund security.

　　While The 5%ers implements KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to ensure compliance with applicable laws, the absence of a regulatory framework means that traders should exercise caution. The firm does not participate in investor compensation schemes, which further emphasizes the need for traders to understand the risks involved in trading with an unregulated entity.

3. Trading Products and Services

　　The 5%ers offers a range of trading products primarily focused on forex. Traders can access major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and more. Additionally, the firm provides trading opportunities in precious metals such as gold and silver, as well as various indices.

　　The range of products is relatively modest compared to some competitors, as The 5%ers does not currently offer stocks, cryptocurrencies, or futures. However, the firm is known for regularly updating its offerings and may expand its product range in the future. The focus on forex trading allows The 5%ers to cater specifically to forex traders, providing them with the tools and resources necessary to succeed in that market.

4. Trading Platform and Technology

　　The 5%ers exclusively utilizes the MetaTrader 5 (MT5) trading platform, which is widely regarded as one of the most advanced platforms available for forex trading. MT5 offers a range of features, including enhanced charting capabilities, automated trading options, and a user-friendly interface. The platform is accessible on various devices, including desktops and mobile applications for both iOS and Android.

　　The execution model at The 5%ers is based on STP (Straight Through Processing), ensuring that trades are executed quickly and efficiently. The firm does not operate its own brokerage but collaborates with commercial liquidity providers to facilitate trading. This structure allows The 5%ers to offer competitive spreads, which typically range from 0.2 to 0.5 pips on major currency pairs, along with a commission of $4 per lot.

5. Account Types and Trading Conditions

　　The 5%ers provides several account types tailored to different trading styles and risk tolerances. The main account types include:

• 　　Boot Camp Program: Designed for beginners, this program requires a low initial fee and allows traders to prove their skills through a three-phase evaluation process. The profit target for this account is 6%, with a maximum loss limit of 5%. Once traders complete the evaluation, they can access a funded account.

• 　　High Stakes Challenge: This two-step evaluation program is for more experienced traders. The profit targets are set at 8% for the first phase and 5% for the second phase, with a maximum daily loss limit of 5%.

• 　　Hyper Growth Program: This program offers instant funding with a single evaluation phase requiring a 10% profit target. Traders can double their account size with each successful milestone, reaching up to $4 million in funding.

　　The leverage offered varies by account type, with low-risk accounts capped at 1:10 and aggressive accounts at 1:30. The 5%ers also implements a daily pause feature, which temporarily halts trading if losses reach 3% in a single day.

6. Fund Management

　　The 5%ers supports a variety of deposit methods, including bank wire transfers and credit/debit cards such as Visa and Mastercard. The minimum deposit requirements vary by account type, with entry-level accounts starting at approximately $39.

　　Deposits are processed quickly, allowing traders to access their accounts and begin trading without delay. The 5%ers does not charge any deposit fees, but traders should be aware of potential fees from their payment service providers. Withdrawals can be requested bi-weekly, with a minimum withdrawal amount starting at $150. The processing time for withdrawals typically takes around 7 days, and there are no fees charged by The 5%ers for withdrawals.

7. Customer Support and Educational Resources

　　The 5%ers offers robust customer support through various channels, including phone, email, and social media. Their support team operates during business hours from Sunday to Thursday, 7:00 AM to 5:00 PM GMT, and Friday from 7:00 AM to 12:00 PM GMT. However, the firm does not provide live chat support, which may be a drawback for some traders.

　　In terms of educational resources, The 5%ers provides a wealth of materials, including webinars, trading courses, and market analysis. They also offer a live trading room where traders can interact and share insights. These resources are designed to enhance traders' knowledge and skills, helping them succeed in their trading endeavors.

8. Regional Coverage and Restrictions

　　The 5%ers operates globally, welcoming traders from various countries, but it does not accept clients from certain regions, including the United States, North Korea, and several others listed in their terms. The firm has established offices in Israel and the UK, which allows them to serve a diverse international clientele.

　　While The 5%ers has a strong reputation and positive reviews, potential traders should be aware of the restrictions and ensure that their location does not hinder their ability to participate in the program. The firms commitment to transparency and support makes it an attractive option for traders looking for funding opportunities in the forex market.

　　In conclusion, The 5%ers broker stands out as a reputable proprietary trading firm that provides unique funding opportunities for traders. With its innovative programs, strong educational resources, and commitment to trader success, The 5%ers is well-positioned to support traders in their journey toward financial independence. However, prospective clients should consider the lack of regulation and assess the associated risks before engaging with the platform.