📋 In This Review
📊 Firm Overview
Updated Apr 2026Account Sizes
$2.5k - $250k
Min Eval Fee
$22 (one-time)
CEO / Founder
Saul Laukier
Profit Split
50% - 100%
Payout Time
2-5 business days
DD Type
Fixed
Markets
Forex
News Trading
Restricted
Overnight Hold
Yes
Scaling
Up to $4M
Exclusive Discount
JY5MH8RQ
5% Discount
🔬 SPR Intelligence Analysis
Proprietary MetricsDifficulty Score Based on profit target, drawdown type, min days and restrictions. 10 = extremely hard to pass.
6.0/10
Average difficulty — fixed drawdown
Value Score Lower = better value. Industry average ~$7.00 per $1K.
$9.90 per $1K funded
$22 (one-time)
vs ~$7.00 avg across all tracked firms
📰 Firm Updates & News
Live Feed2026-03-01
cTrader now available to all The5ers traders across all programs Platform
2025-12-22
2026 Trading Prep LIVE Event hosted — December 22, 2025 Event
2025-05-16
Weekly trading competitions launched for funded and evaluation traders Competition
2025-01-01
cTrader integration announced to resolve previous technical platform limitations Platform
🛡️ Is The5ers Legitimate?
✓ Legitimate
Registered In
UK
Operating Since
2016
Reported Payouts
Not Published
Regulation
Unregulated (prop model)
⚠ Red Flags to Know
Account disabled immediately if challenge fee is paid with a card not registered in the trader's name
Manual enforcement of news trading violations noted
Hyper Growth program starts at a 50/50 profit split, significantly below the industry standard of 75-80%
Dashboard slowness and login issues reported by a segment of users
📋 Challenge Rules
1️⃣ 1-step
2️⃣ 2-step
3️⃣ 3-step
🧮 Challenge Fee Calculator
Select account size to see full cost breakdown:
✅ Pros & Cons
✅ Pros
Nine years of verified payouts with no reported missed payments
No consistency rule across all programs
Challenge fee refunded with first profit payout
Scaling path up to $4 million in funded capital
Overnight and weekend holding permitted
No subscription fees, no recurring costs, no withdrawal fees
Commissions at $4 per round turn — below the industry average of $7
cTrader now available alongside MT5 (added 2025) Islamic swap-free accounts available
Free webinars, live trading rooms, and coaching sessions included
❌ Cons
The 50K High Stakes challenge is priced at $495 — above what many newer, lower-cost prop firms charge
New orders cannot be executed 2 minutes before or after high-impact news on the High Stakes program
Bootcamp program mandates a stop-loss on every trade and caps per-position risk at 2%
Hyper Growth profit split starts at 50/50 — lower than most competitors
Credit card used for purchase must be registered in the trader's own name
Dashboard can be slow to update; payout interview required by some traders post-funding 30-day inactivity rule
Lower leverage (1:30) than competitors offering higher risk exposure
🎯 Who Is This Firm For?
✅ Ideal For
Swing traders holding multi-day positions
Position traders with a long-term directional bias
Disciplined traders who follow structured risk management EA and copy traders (non-arbitrage, non-HFT)
Career-focused traders targeting long-term capital growth
Budget-conscious traders starting with the
Bootcamp ($22 entry) Traders seeking a firm with a proven multi-year track record
❌ Not Ideal For
News scalpers relying on bracket strategies around high-impact events
High-frequency traders using sub-second execution strategies
Traders who prefer no stop-loss requirement
Aggressive scalpers who rely on wide intraday swings
Traders seeking instant or same-week payouts
Traders requiring high leverage (above 1:30 on standard accounts)
⚖️ Our Verdict
★★★★★ 4.5/5
Operating since 2016, The5ers maintains a 4.9/5 rating on Trustpilot across over 16,000 reviews, making it one of the most credible long-standing prop firms in the market. The first payout can be requested after 14 days of funded trading, with bi-weekly withdrawals thereafter, and all payout requests are typically processed within one to three business days with no withdrawal fees. The scaling structure allows traders to withdraw profits without stunting account growth, as balance for scaling milestones is not reduced by payouts. The 50K High Stakes fee of $495 sits at the higher end of the market, but the combination of fee refund on first payout, no hidden charges, and a credible 9-year track record makes the overall value proposition solid.
✓ Recommended for experienced traders
❓ Frequently Asked Questions
Yes. Overnight and weekend holding is permitted across programs, though holding indices over the weekend carries elevated swap charges.
Holding open trades during news events is allowed, but executing new orders within 2 minutes before or after a high-impact news release is not permitted on the High Stakes program. Hyper Growth and Bootcamp have more flexible news conditions.
The first payout can be requested after 14 days of funded trading, with bi-weekly withdrawals available thereafter. Processing typically takes one to three business days with no withdrawal fees.
Yes, The5ers refunds the initial challenge fee with the first profit payout for successful traders, effectively reducing the net cost of entry to zero for those who pass.
If the daily loss limit is triggered, it results in a one-day trading pause — you are not immediately failed. However, if the maximum overall loss level is reached, the account closes.
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