The 5%ers Review 2023: Is This Prop Trading Firm Worth It?

The 5%ers Review 2023: Is This Prop Trading Firm Worth It?



The 5%ers is one of the biggest prop firms in the industry and offers programs that cater to a variety of trading styles, including more aggressive strategies.To get more news about the 5%ers review, you can visit wikifx.com official website.

Its instant funding programs are a game changer for anyone looking to dive right into trading forex, and the firm also offers an account-level system that allows you to progressively build up capital.
The 5%ers was founded in 2016 by Gil Ben-Hur and Snir Achiel.

Ben-Hur and Achiel are day traders from Isreal who created the platform to help skilled traders increase their profitability without risking their own money.
The prop firm funds forex traders up to a million dollars in capital through its Growth Trading Plan.
5%ers Evaluation Process
The 5%ers lets users prove their trading skills through an evaluation program dubbed Level 1.During the program, traders must reach set profit targets to gain access to a fully funded account.

Once traders have proven their risk management capabilities, they can proceed to Level 2, where they can earn more capital and boost their earning potential on the platform.
Is The 5%ers Legit?
The 5%ers is a legitimate prop trading firm that caters to serious forex traders who want the opportunity to make money with fewer trading restrictions.

It’s cultivated a growing user base since its inception, and this shows no sign of slowing down anytime soon.

Is The 5%ers Regulated?
Because The 5%ers is not a broker, it is not regulated.This is par for the course for prop trading firms.

What Broker Does The 5%ers Use?
The 5%ers does not trade with retail brokers; instead, it trades directly through commercial liquidity providers.

The firm states that it values confidentiality, which is why it has not publicly disclosed its supplier’s identity.
How Does The 5%ers Work?
The 5%ers seeks out new and experienced traders and helps them sharpen their skills while they earn money by trading.The firm’s instant access accounts allow forex traders to earn profits, even during the evaluation process.The accounts that The 5%ers offers vary depending on risk level, as well as the capital level.

Each account caters to traders with different investing styles, which include aggressive traders who live to take chances or beginner traders trying to gain some much-needed experience.
After deciding the risk and capital level you’re comfortable with, all you need to do is log in, pay the participation fee, then begin trading.

The forex trading program is hosted on MetaTrader 5 (MT5), a highly advanced platform for forex traders and brokers.