The5ers Review 2026

What The5ers actually sells

The5ers is a proprietary trading firm, not a broker, and almost every mistake made about it follows from blurring that line. You are not opening an account. You are buying an evaluation: a one-off purchase giving you access to a simulated MetaTrader 5 or cTrader account with a set of rules attached. Pass, and the firm may offer to let you trade what it calls its own capital under a further contract. Fail, and the fee is gone.

That changes what the numbers mean. There is no minimum deposit because there is nothing to deposit, no client-money segregation because no client money exists, and no negative balance protection because you cannot lose more than the fee you already paid. What replaces all of it is a commercial promise: hit the targets, stay inside the limits, and the firm pays you a share of profits generated in its simulator.

The brand writes itself as The5ers across its site and logo, with “The 5%ers” appearing in the legal footer as the registered brand name. The operating company is Five Percent Online Ltd, and the same footer describes a wider “5% group”.

Founded in 2016 by Gil Ben Hur, the firm marked a ten-year anniversary in 2026. It says it has onboarded 262,000 traders and employs 171 people across 24 countries – company-stated figures with no independent audit behind them, which we have not verified.

Who you are contracting with, and who regulates them

Nobody regulates The5ers, and to its credit the firm does not pretend otherwise.

Two companies share the name Five Percent Online Ltd. One is registered in England and Wales, company number 12553363, at Enstar House, 168 Praed Street, London W2 1RH. We checked it against Companies House: active, incorporated 9 April 2020, recorded nature of business SIC 78300 – “human resources provision and management of human resources functions”. That is a staffing classification; there is no financial-services activity on the record at all. The other is registered in Israel, company number 515864007, at 2 Ha’tidhar Street, Ra’anana.

The5ers’ own footer states that the company “is not a custodian, exchange, financial institution, trading platform, fiduciary or insurance business outside the purview of financial regulatory authorities.” Awkwardly drafted, but consistent with everything else on the site: no licence number, no regulator named, no protection scheme cited, no claim of authorisation for the company you actually pay.

One qualification, because the same footer invites it. The “Part of 5% group” row links four brands, and one of them is regulated: TSG Brokers Ltd is a Cyprus Investment Firm authorised by CySEC under licence 291/16 (Cyprus company HE342580, Nicosia). That does not travel to you. TSG Brokers is a separate legal entity, it is not the party you contract with when you buy an evaluation, no CySEC protection attaches to a Five Percent Online Ltd evaluation, and TSG’s own site states its services are intended exclusively for residents of the European Union. A trader in Singapore, Manila or Kuala Lumpur gets nothing from that licence.

Read the governing-law clause before you buy. The terms are governed by the laws of Israel, and you “irrevocably submit to the exclusive jurisdiction of the competent courts of Israel” for any dispute. For a trader in Singapore, Malaysia, the Philippines, Indonesia, Thailand or Vietnam that is a theoretical remedy: no local ombudsman, no MAS or SC complaint route, no small-claims path that reaches a company in Ra’anana. Your practical protection is the firm’s reputation and its interest in continuing to sell evaluations.

Is your funded account trading real money?

No, and The5ers says so twice in its own documents.

The site-wide legal notice reads: “All trading activities conducted through the Company Hub are executed in a simulated environment… The ‘funds’ provided to you for the evaluation are fictitious, do not represent any currency.” Note the wording. It is not scoped to the evaluation stage; it covers everything conducted through the Hub, and the Hub is where funded accounts live too.

The terms describe the mechanism. Under the Professional User clause: “It is hereby clarified that when using Our system, the positions are evaluated and monitored by Us and We may use our discretion as to whether to execute the suggested trades or not.” When you place an order on a funded account, you are submitting a suggestion. The5ers decides for itself whether to mirror any of it into a real market. Your profit split is paid out of the firm’s own money against your simulated performance, whether or not a corresponding trade ever reached a liquidity provider.

This is normal for the sector and not, by itself, a scandal. But it should change how you price the risk: you are not a trader with capital allocated to you, you are a counterparty to a performance-fee contract with an unregulated private company. The firm’s willingness and ability to pay matters far more here than spread or execution ever will. It also explains the prohibited-practices list – a firm paying real cash against a simulator has to police strategies that print profits without taking real risk.

The three CFD programmes

Ignore the marketing names. The5ers sells one, two and three-step evaluations, and the trade-off is consistent: the more steps you accept, the more funded capital per dollar of fee, and the tighter the per-step loss limit.

Growth – one step

Marketed as Pro Growth (the evaluation) leading into Hyper Growth (the funded account). Sizes $5K, $10K, $20K and $50K. One 10% profit target, a 6% stop-out measured from the initial account size, a 3% daily limit, leverage 1:30 and no time limit. Two details are worth pinning down before you buy. The 3% daily limit terminates the Pro Growth evaluation – it only becomes a next-day pause once you are funded. And The5ers’ own page contradicts itself on minimum days: its trading-rules bullet says there are no minimum trade or day requirements for completing level 1, while the plan table on the same page, and the firm’s own programme explainer, both put three minimum profitable days on the Pro Growth evaluation. Treat three as the working assumption and confirm with support. The funded Hyper Growth stage keeps the same target and limits, carries no minimum-day requirement, and scales the account as you hit each 10% target. The5ers’ own pages disagree on how far that runs: the programme page advertises a ceiling of $4,000,000, while its scaling table caps at $500,000.

High Stakes – two steps

Sizes $2.5K to $100K. Step one targets 10% on the New structure or 8% on the Classic; step two targets 5%. Maximum daily loss 5%, maximum loss 10%, leverage 1:100 – the loosest limits in the range. Three profitable days are required per step, a profitable day being closed positions netting at least 0.5% of the initial balance. Scaling runs to $500,000 and the split climbs from 80/20 to 100/0 plus fixed payouts.

Bootcamp – three steps

The cheapest funding per dollar. The $20K plan trades $5,000, then $10,000, then $15,000 before a $20,000 funded account. Targets 6%, 6%, 6% then 5% funded; loss limits 5% per step then 4% funded; leverage 1:30; the 3% daily pause applies only once funded. You may hold four Bootcamp accounts, and each must use a different trading method.

How the loss limits actually work

This is the section worth reading twice, because it is where prop firms differ most and where reviews are least accurate.

The overall drawdown is static. The5ers’ Growth risk notes say it directly: “Accounts that hit the stopout level will be terminated. The stopout level is 6% below the initial account size.” Initial account size, not high-water mark. On a $10,000 account the floor is $9,400 and stays at $9,400 no matter how much you make, so every dollar of profit is a dollar of extra buffer. Trailing drawdown – where the floor follows your equity peak upward and strangles you after a good week – is the most punishing rule in this industry, and The5ers does not use it on its CFD programmes.

The daily limit is measured on the higher of the day’s starting balance or equity, and that is the stricter of the two, not the more generous. For High Stakes: “Daily loss is 5% of the starting equity of the day OR the starting balance of the day (the highest between them) at MT5 Server Time.” Pro Growth uses the same construction at 3%. Work through The5ers’ own examples and you can see what it costs. On a $100,000 account showing $110,000 of equity at 23:59 server time, the 5% allowance is $5,500 and the account closes if equity drops below $104,500 – a floor 4.5% above your starting balance. Where the balance is $105,000 against equity of $104,000, the snapshot is taken from the $105,000 balance, leaving $4,250 of room instead of the $5,200 an equity-based snapshot would have given. Carrying an open position into the new session, winner or loser, tightens the floor rather than loosening it.

Breaching the daily limit does not always kill the account – but it usually does. The5ers’ daily-pause rule is narrower than most comparison sites report: “The Daily Pause applies for the Hyper Growth stage in all stages and the Bootcamp funded stage.” That is the whole list. On Hyper Growth the pause “does not terminate an account. It only disables the account for the current day”, and funded Bootcamp accounts behave the same way. Everywhere else the daily limit is a hard breach: the 3% terminates the Pro Growth evaluation with no next-day recovery, the 5% terminates a High Stakes account, and the 3% permanently terminates a Summer Plan account. The pause is a funded-stage privilege, not a feature of the Growth programme you buy.

What you pay, and what "refund" really means

Entry prices are genuinely low. High Stakes starts at $19 for a $2,500 account on the New structure ($22 Classic) and reaches $491 for $100,000 ($545 Classic). Growth runs $52, $98, $189 and $329 for $5K, $10K, $20K and $50K. Bootcamp splits the cost: $22 now and $50 on reaching the funded stage for the $20K plan, $95 plus $205 for the $100K, $225 plus $350 for the $250K.

Then read the refund mechanics, because “Refund” appears in the High Stakes and Summer Plan pricing tables and does not mean what most buyers assume – and it does not appear on the other two programmes at all. Growth’s equivalent row is “Bonuses” (from $15, $25 or $50 in Hub credit on completing each level) and Bootcamp’s is a $2, $5 or $10 Hub credit after step one. The5ers states plainly on its Hyper Growth FAQ that “The Hyper Growth fee is non-refundable”. If you buy Growth or Bootcamp, your fee is spent.

On High Stakes the breakdown is: “After Phase 1: 10% hub credits added to your dashboard. After Phase 2: 20% hub credits added to your dashboard. Funded Stage: 70% added to your trading account equity as credits.” The two credit tranches are internal store credit – the firm states elsewhere that Hub Credits “can be used toward purchasing programs and are non-withdrawable” – so 30% of your fee comes back only as more challenges.

The 70% is better than that, and better than most reviews of this firm allow. The5ers’ High Stakes payout policy states the refundable fee “is added to the equity of your funded account” and that you are “eligible to receive 70% of this fee back with your first payout, provided you have generated a minimum profit of $150 and your account has been active for at least 14 days”. Its worked example for a $545 account: “The 70% ($381.5) will be added to the account equity and can be withdrawn with the first payout (after 14 days).” Two conditions attach. You have to reach the funded stage to see it at all, and “the 70% refund applies only to payments made with external funds, not Hub Credit” – buy an account with credit and the refund is calculated on the cash portion only. Nothing at any stage goes back to your card.

There is no cooling-off refund either: “You are not entitled to a refund of the fee, for example, if You cancel the Account… if You terminate the use of the Services prematurely… or if You violate or breach the Terms in any manner.” Fail, and you may retry for another fee.

Two costs are easy to miss. cTrader instead of MT5 adds $10, and the choice is final once purchased. And the pricing pages let you view prices in USD, EUR, GBP or INR, but the terms state the fees themselves are denominated in US dollars and that “in the event of payment of the fee in any other currency than U.S Dollars, the amount of the fee for the selected option shall be converted to U.S Dollars using the exchange rate of your payment processor” – so an SGD, MYR, PHP, IDR, THB or VND card will carry a conversion charge on top.

Why the home-page numbers are not your numbers

If you land on the5ers.com today, the pricing card you see first is not one of the three core programmes. It is the Summer Plan, a limited-time promotion running a materially different rule set. This is where almost every third-party review of The5ers goes wrong: it copies the figures off the home page and presents them as the firm’s standard terms.

The Summer Plan 1-Step costs $249 for a $100,000 account and carries a 10% target, 6% maximum loss, a 3% daily loss limit calculated on end-of-day equity or balance (whichever is higher), leverage 1:100 and – critically – a 50% per-day consistency rule. The Summer Plan page does not publish a profit split, payout cap, minimum withdrawal or fee-return rule against the 1-Step at all: those cells are blank. Ask support to confirm them in writing before you pay, because they are the terms that decide what you actually get out. Breach the daily loss and the account is permanently terminated. The 2-Step version at $100,000 comes as Summer 10/5 at $149 or Summer 8/5 at $179, with a 10% maximum loss and, the firm notes, no consistency rule during the evaluation phases.

The promotion is wider than the home page suggests. The same page also sells $200,000 2-Step plans – 10/5 at $249 and 8/5 at $279 – on different terms again: an 80/20 split, a $3,000 payout cap and no scaling. Across every Summer Plan account you hold, The5ers caps total aggregate buying power at $600,000 per trader.

Compare the promotion with the standard programmes, where the terms are at least published: Growth, High Stakes and Bootcamp all state a profit split, and the minimum withdrawal is $150. No per-day consistency rule is published for any of the three, which makes the Summer Plan’s 50% rule the promotion’s real cost. That the same page leaves the 1-Step’s split and payout terms blank while advertising the price prominently is itself the reason to read the product page you are actually buying from.

The consistency rule is widely misread. The5ers explains that it is calculated on profits, not account size: with a 50% rule, if your best day made $5,000 you must reach $10,000 total profit before you can withdraw or scale. It is not a cap on daily earnings, it is a floor on how much else you must earn. Before you buy, confirm which product page your checkout matches.

Profit split and the scaling ladder

The advertised “up to 100%” split is real but back-loaded, and the route there differs sharply by programme.

High Stakes publishes the clearest ladder. You start at 80/20 and stay there through every scaling step from $2,500 up to $150,000. At $175,000 and $200,000 it becomes 85/15, at $250,000 and $300,000 it becomes 90/10, and from $350,000 upward it reaches 100/0 plus a $4,000 fixed payout, rising to $10,000 fixed at the $500,000 ceiling. Each rung requires a 10% gain on the current balance.

Growth starts lower and runs further than most reviews report. The published ladder pays 75/25 from $5,000 all the way through $300,000, improves to 80/20 at $350,000, and reads 80%-100% at $400,000, $450,000 and $500,000, where the table ends. Scaling is incremental, not doubling – $5,000, $7,500, $10,000, $12,500, $15,000, $20,000, $25,000 and upward – with each rung requiring a 10% gain. The doubling mechanic and the $4,000,000 ceiling you see quoted for this programme belong to the Hyper Growth funded stage; the published Pro Growth ladder caps at $500,000, the same figure High Stakes publishes.

Bootcamp markets “up to 100%” at the funded stage and scales on every 5% target from $20,000 to $4,000,000. Treat its published scaling table with caution: the column headers read “Account Balance / Balance Target (10%) / Payout Ratio”, but the description above says the account scales on each 5% target and the third column holds dollar figures rather than any ratio. The headers appear to have been copied from the High Stakes table. Ask support to confirm in writing before relying on it.

One useful concession is buried in the High Stakes payout notes: traders can request a payout once they have three profitable days, “regardless of the 10% growth target”. You need not complete a full scaling step to take money out.

Payouts: timing, minimums and the 3.5% cut

The cycle is straightforward and, by prop-firm standards, fast. You can request your first withdrawal 14 days after your funded account is activated, then every two weeks after each approved withdrawal; if the account scales, the 14-day clock resets from the scaling date. The minimum is $150 of profit. Approved requests are “typically processed in up to 3 business days”, per the firm’s withdrawals page, last updated 24 August 2026.

Four methods are offered, three of which cost you money:

• Rise (riseworks.io), where your Rise email must match your account email – 3.5% commission
• Cryptocurrency – USDT TRC20, USDC ERC20, ETH or LTC, capped at $1,500 per withdrawal – 3.5%
• Bank transfer – 3.5% plus whatever your receiving bank charges
• Hub Credits – no commission, but spendable only on more The5ers programmes and never withdrawable

That 3.5% is a real cost and it is almost never mentioned in reviews of this firm. On an 80/20 split, a $10,000 gross profit leaves you $8,000, and 3.5% of that is $280 before your bank takes anything.

One clause deserves attention. The terms let The5ers spread any approved payout above an undisclosed “Payout Threshold” across consecutive weekly instalments of no more than $10,000 each, and the firm “reserves the right to amend the Payout Threshold at any time”. If you are trading a large scaled account, that clause governs how quickly you actually receive a big win.

Platforms, instruments and dealing costs

MetaTrader 5 in hedging mode is the default, on desktop, web and mobile. cTrader is available to non-US clients for an additional $10, and The5ers warns that “platform choices are final once purchased and cannot be switched between”. TradingView is also listed. There is no MetaTrader 4.

Instruments on the CFD side are FX, metals, indices, oil and cryptocurrency; the Growth rule sheet omits oil. There are no individual shares.

Published dealing costs are thin. FX contract size is 100,000, minimum lot 0.01 in 0.01 increments, and commission is $4 per lot round turn. The5ers publishes no spread table, and its asset specifications page simply tells you to check the live figures inside MT5. The “industry-best spreads” claim is therefore unverifiable from outside – and in a simulated environment the quote is the firm’s own.

One warning appears repeatedly in the rules. Holding trades overnight and over the weekend is allowed across the CFD programmes, but The5ers states more than once that holding indices over the weekend “carries very high swaps”. Against a 6% static drawdown, a weekend swap charge on an index position can eat a meaningful slice of your buffer before Monday’s open.

The5ers also provides two free MT5 indicators – a maximum lot calculator and a risk exposure tool – useful for staying inside the daily limit rather than discovering you have breached it.

The rules that most often void an account

The5ers publishes a dated Prohibited Trading Practices page – last updated 28 July 2026 – applying to evaluation and funded accounts alike. The consequence is uniform and severe: “we will terminate the entire relationship… Any refund or profit will not be processed, and you will be permanently banned from The5ers Fund.”

The mechanical prohibitions are conventional: arbitrage between venues, high-frequency trading where most trade durations are measured in seconds, tick scalping, exploiting platform errors or stale prices, bulk trading, and bracketing pending orders around high-impact news.

The automation rules are stricter than most firms’. Expert Advisors that scalp the rollover are banned. A third-party EA that other traders also run counts as copy trading and is banned. Even an EA you bought legitimately is prohibited if you do not own the source code. Copy trading, coordination with other traders, account sharing, reselling accounts and “pass your challenge” services are all out, as is cross-operator hedging – opposite positions at The5ers and another prop firm on the same instrument.

Three clauses are subjective, and those are the ones to worry about. The5ers bars “gambling”-style position-taking, defined by disproportionate size, no demonstrable analytical basis, concentration in a single event outcome, or leverage rather than skill driving the profit. It bars positions “substantially larger or smaller than your typical trading activity”. And it bars manufacturing profitable days by splitting one trade idea across sessions or hedging correlated instruments to inflate the count.

None of that is unreasonable in principle, but it is judged after the fact, by the firm, with your payout at stake. The defence is to trade one method at one consistent size across both stages, and to avoid the single oversized trade that finishes a target in one move – precisely the example The5ers uses.

The futures programme, and the rest of the group

Alongside the CFD range, The5ers runs a separate futures product with its own rules, and the differences matter enough that treating them as one firm will get you stopped out.

Two tracks are offered, Day Trade and Swing, in sizes of $25K, $50K, $100K and $150K. The $25K Day Trade evaluation costs $59 with no activation fee on passing, and the fee is refunded on your third payout. The evaluation target is 6% and the funded target 4%, with a 4% maximum loss limit at both stages. Position limits are in contracts rather than lots: two minis or twenty micros at $25K, rising by one mini and ten micros at each scaling step, to a $500,000 ceiling.

Three futures rules have no CFD equivalent. Drawdown is calculated end-of-day rather than intraday. A 40% per-position consistency rule applies at both stages. And every position must be closed at least ten minutes before the market closes, at 4:50pm ET – The5ers states that failing to comply “will result in account termination”. The Swing track permits overnight holding of up to one mini or ten micros but no weekend holding.

The futures side is also stricter on method: “High-frequency trading, algorithmic trading, and hedging are not supported,” and traders found using them are removed. The split is a flat 80/20 that the firm says “stays 80/20 on all future payouts” – no ladder to 100%, but no clawback either.

The footer’s “Part of 5% group” row links three sister brands beyond The5ers Futures: tradethepool.com for equities, tradedelicious.com, and tsgbrokers.com. That last one is TSG Brokers Ltd, the Cyprus Investment Firm authorised by CySEC under licence 291/16 discussed earlier – a separate company, not your counterparty on an evaluation, and restricted by its own site to EU residents. We have not reviewed any of the three.

Availability and practicalities for Southeast Asian traders

All six of AFM’s core markets are unrestricted. The5ers’ terms define a list of “Forbidden Territories” where its services are not available, and Singapore, Malaysia, the Philippines, Indonesia, Thailand and Vietnam are all absent from it. Laos and Myanmar are on the list, along with Afghanistan, Belarus, Bosnia and Herzegovina, Cuba, Iran, Iraq, North Korea, Russia, Syria, Vanuatu, Venezuela and others. Israel itself is on the list, a quirk of the firm’s own home jurisdiction rather than anything a Southeast Asian reader needs to act on.

Accessing the service from a Forbidden Territory is a breach, and the terms let The5ers close your account immediately if it discovers during or after KYC that you are resident in one. Identity verification with government-issued documents is required before you can become a Professional User, and the firm reserves the right to refuse anyone for “legal restrictions or commercial considerations” even after they have passed everything.

The practical friction is currency and payout rails. Fees are denominated in US dollars and converted at your payment processor’s rate, so a local card carries a conversion charge. Payouts arrive via Rise, crypto or international bank transfer, all at 3.5%, and a transfer into a Singapore, Malaysian or Philippine account will attract a receiving fee on top. Crypto on TRC20 is usually the cheapest route home, subject to the $1,500 per-withdrawal cap.

Finally, the daily reset runs at 00:00 MT5 server time, not your local midnight, and The5ers sets its server to EET – GMT+2 in winter, GMT+3 in summer. In Singapore and Manila, both UTC+8, that is 06:00 local in winter and 05:00 in summer. Your trading day therefore rolls over in the early morning, before the Asian session gets going, and a position you leave open overnight is what sets the following day’s floor. Check the server clock in the platform, not your phone.

Who The5ers suits, and who should walk away

The5ers makes most sense for a swing or intraday discretionary trader who already has a tested method, wants no time pressure, and values a static drawdown floor above a headline profit split. Unlimited time, a static 6% stop-out from initial balance, permitted overnight and weekend holding, and a $19 to $52 entry price is a fair deal for testing whether your edge survives a rule set. The 14-day payout cycle from $150 is a genuine strength, and on High Stakes the 70% funded-stage refund is real money you can withdraw rather than store credit.

It makes no sense for four groups. Anyone who wants a regulated counterparty holding segregated money should open a broker account instead – the CySEC licence in the wider 5% group belongs to a different company and serves EU residents only. Algorithmic and EA traders will find the automation rules unusually restrictive, particularly the requirement to own your EA’s source code. Anyone in Laos or Myanmar cannot use the service. And anyone who would be financially hurt by losing the fee should not buy one, because most people who buy evaluations do not pass them and the fee is explicitly non-refundable when they do not.

Two things we would want fixed. The funded-stage contract – the “additional terms” the firm says govern the relationship once you are a Professional User – is not published, so you cannot read the agreement that determines your payouts before you pay. And the undisclosed Payout Threshold should be a number on a page, not a discretion. A third would be simply making the Growth page agree with itself on minimum profitable days.

Public sentiment is favourable: The5ers’ Trustpilot profile showed a 4.7 TrustScore across roughly 36,700 reviews when we checked in September 2026, about 3% of them one star. Those are self-selected user submissions rather than audited outcomes, so weigh them accordingly. You can read The5ers’ current programme terms and pricing here – check the rule page for the specific product you intend to buy, not the home page.

1. The5ers frequently asked questions — the5ers.com/faqs (checked September 2026)
2. The5ers prohibited trading practices — the5ers.com/faqs/prohibited-trading-practices (checked September 2026)