By reading this article.
- I want to know about the prohibitions of The5ers, an international prop farm!
- I want to know about the rules and regulations of The5ers!
We will solve the above problems!
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This articleis called “A Detailed Explanation of The5ers Prohibitions.
- The5ers' plan acceptance requirements.
Prop firms are one type of trading that has been gaining more and more attention in recent years, offering traders unique opportunities. In Japan, awareness of prop firms is spreading a bit, starting with Fintokei, but there are still very few people who know about prop firms overseas.
The author, who has actually analyzed and used nearly 20 companies, will explain in detail the prop firms he can recommend, company by company.
In this category, I will explain the basic concept of prop firms and explore in detail the characteristics of The5ers and how to get started with them. By doing so, we aim to help you get started with your trading activities through The5ers.
Official: https://the5ers.com/
A well-established prop with safety and scaling!
Prohibitions on The5ers
The5ers is a well-known international prop firm that offers traders funding and a program that allows traders to prove their trading skills and trade in the real market with their funds.
However, in order to trade, you must follow the precautions defined by the prop firm. In the worst case scenario, you can be disqualified.
This article will explain the defined precautions in detail. Please be safe and careful not to get caught.
Prohibitions on The5ers
The following is a list of the5ers that are prohibited at this time.
Arbitrage trading
Arbitrage trading, in which profits are made by taking advantage of price differences between markets, is prohibited. For example, if the price of the same currency pair differs between Exchanges A and B, buying at the lower price and selling at the higher price is not allowed.
High Frequency Trading (HFT)
Frequent trading in seconds or trading for very small price fluctuations is prohibited. High-speed trading using computers is also not allowed.
Although different from HFT, trading at the tick (minimum price fluctuation unit) level or ultra-short-term trading that closes a position within a few seconds is prohibited.
News Blanket Strategy
The technique of placing an order in both directions in advance of the announcement of an important economic indicator is not allowed. Trading that takes advantage of sudden price movements at the time of news announcements is also prohibited.
System-related prohibitions
Arbitrary abuse of the platform, such as taking advantage of platform malfunctions or price distortions caused by system errors, is prohibited.
Inappropriate trading methods
Copy trades in which traders copy the trades of others, collusion between traders, and continuous position holding biased in one direction are prohibited.
Restrictions on EAs (automated trading)
The use of third-party EAs is prohibited, and EAs that do not have the source code cannot be used. Also, please note that you are not allowed to use the same EA as other traders.
There is nothing wrong with normal trading, but it is not a good thing if you are caught in the prohibitions. It will increase the possibility of disqualification.
Be sure to check the FAQ on the official website.
The5ers' Conditions of Acceptance
The following is a summary of the prohibitions on the5ers.
At first glance, these prohibitions may seem strict, but in fact, there is no need to be concerned about them in normal trading. These rules are in place to prevent unfair trading and market manipulation and to maintain a healthy trading environment.
The5ers certainly have strict rules, but they are well managed and offer attractive compensation plans. If you understand the rules and work with them properly, you can say that this is a prop firm with ample opportunities.
With the right knowledge, we encourage you to take on the challenge!
How to start The5ers
The steps to get started trading at The5ers are designed to be easy to follow for beginners. Below you will find a detailed explanation of the steps from registering with Fintokei to actually starting trading.
Fintokei Registration Procedure
First of all, access the official The5ers website. When you check the official site, you will see the image on the right, and click the “Quick Start” button on the upper right of the image.
Official: https://the5ers.com/
A well-established prop with safety and scaling!
Click on “Quick start” and you will see the following image, then click on “Create an account” at the bottom left of the image.
Click on “Create an account” at the bottom left of the image.
Next, complete your profile settings. Log in to My Page and click on “profile” in the upper right corner.
By entering your personal information, you will be able to skip the subsequent steps, so please do so as soon as possible.
The image has been mosaicked for personal information.
Finally, select the account type you actually want to try. Click on “New order” in the first image and click on
- Challenge account type
- Amount of underlying funds in the account
- Personal information
Select the above three options and move on to the payment screen.
After payment is completed, please download the platform you will need from “download” in “My Page”.
You will receive a confirmation email with your password and ID to your registered email address.
summary
The5ers' prohibitions may seem strict at first glance, but they are all rather obvious rules for traders who engage in sound trading. If you are diligent in your analysis and proper risk management, you should be able to follow these rules naturally.
The5ers are certainly strict in their rules, but they are also very reliable, which makes them a very attractive prop firm for serious traders. Please make sure you understand these rules and challenge them.
- Prohibitions continue both during the challenge and after the fund is acquired.
- Trading based on normal analysis is not a problem
- Risk management is paramount
- A focus on long-term returns is important
With these points in mind, you should be able to start trading with The5ers with confidence. Test your trading skills in a sound trading environment!
Official: https://the5ers.com/
A well-established prop with safety and scaling!
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