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【For beginners】 A detailed explanation of the conditions and rules for passing The5ers.

By reading this article.

  1. I want to know about the acceptance requirements for The5ers at overseas prop firms!
  2. I want to know about the rules of The5ers!

We will solve the above problems!

 

Thank you for visiting our website “Prop Firm Research”. My name is R1N and I am the owner of this site.

 

This article is called “A detailed explanation of The5ers' acceptance requirements”.

  • The5ers' plan's 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!

The5ers' Conditions of Acceptance


The5ers is a well-known international prop firm that offers traders a program that allows traders to prove their trading skills and use their funds to trade in the real market.

 

In order to become a professional, you must of course pass the trading exam presented by the prop firm. In this article, we will discuss the three challenge plans currently offered by The5ers, namely

  • Hyper Growth
  • Bootcamp
  • High Stakes

and the basic rules of the three challenge plans currently offered by The5ers.

Hyper growth

The first plan we will introduce is the Hyper Growth plan. This plan is a very attractive option for traders because of its simple one-step challenge format.

 

The conditions and basic rules for acceptance are as follows

  1. Profit target is 10% of the underlying capital. 1 step passed.
  2. Daily loss limit is 3%. However, being caught in a daily loss will not disqualify you.
  3. Maximum loss limit is 6%.

Leverage is limited to 30x, but you can trade with enough lots to trade without any problems.

 

The Hyper Growth plan has no daily loss limit, so if you build a good trading strategy, it is not difficult to become a professional.

Bootcamp

The next plan is the “Bootcamp” plan. This plan has a very low participation fee and is suitable for traders who want to minimize risk.

 

Success conditions and basic rules are as follows

  1. Profit target is 6% of the underlying funds. This must be achieved three times (3-step break-even type).
  2. The maximum loss limit is 5% of the underlying capital. 4% of the underlying capital after professional certification.
  3. No daily loss limit. After certification as a professional, the loss limit is 3% of the original capital, but it does not disqualify you.

BOOTCAMP is designed for beginners, but its rules are more detailed than the other two plans.

  • SL must be set for every trade.
  • Risk must not exceed 2% of the underlying (if unrealized losses exceed 2% of the underlying, you are OUT)
  • Leverage is 10x

Note that ignoring the above rules 5 times will result in mandatory disqualification.

 

High Stakes

Lastly, we present the High Stakes plan. This plan is designed for traders who are willing to take risks, and if successful, can earn high rewards.

 

Success conditions and basic rules are as follows

  1. Profit target is 8%/5% of the underlying capital; 2-step breakthrough type
  2. Daily maximum loss is 5% (note that High Stakes will disqualify you)
  3. Overall maximum loss is 10%.
  4. At least 3 days with a daily profit of at least 0.5% of the underlying funds must be achieved.

Only number 4 is a bit special, but a profit of 0.5% or more of the underlying capital is a number that any trader can achieve without any problem. If the market is a bit lucky, 0.5% should be comfortable.

 

If the risk is also set at 0.5%, a trade with an RR ratio of 1:1 can be achieved.

 

The5ers' Conditions of Acceptance


The conditions for acceptance in each of the three challenge programs offered by The5ers, Hyper Growth, Bootcamp, and High Stakes, were as follows.

  • Hyper Growth: 10% profit on the underlying capital and no disqualification for daily losses
  • Bootcamp is 6% profit on the underlying capital in three stages; note that there are special rules
  • High Stakes is an 8%/5% orthodox plan with profit target rules

No matter what level of trader you are, from beginner to advanced, choosing the right program for you will help you succeed in the world of prop firms with steady growth.

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


Regarding the5ers' acceptance criteria and basic rules, they are somewhat more conscientious than most prop firms. Aside from the safety evaluation criteria, it is also worth considering for aspiring prop traders.

 

There is a wide range of options, such as BOOTCAMP for beginners and High Stakes for basic traders, so you can decide your trading strategy based on your overall assessment of where you excel and your financial capacity.

Official: https://the5ers.com/

A well-established prop with safety and scaling!