The5ers

The5ers is one of the longest-running prop firms, founded in 2016. Their flagship High Stakes 2-Step requires 10% in Phase 1 and 5% in Phase 2, with a 6% max drawdown, 3% daily drawdown, and a minimum of 3 profitable trading days per phase. The Bootcamp program starts at ~$95 with a $5,000 account and scales organically via 10% profit milestones. Profit splits range from 50% on lower tiers to 100% after sufficient scaling. Strict rules against HFT, grid strategies, and news-spike exploitation. EAs are permitted with normal market execution logic. A key differentiator: The5ers' higher-tier accounts operate on live markets with real spreads — adding authenticity but also real slippage and execution risk absent from simulated-environment competitors. Our affiliate code STATS provides 10% off.

The5ers uses a static drawdown model across all programs. The 6% max drawdown on the High Stakes plan is among the tightest in the industry — fixed at 6% below starting balance, never adjusting. On a $100,000 account, the floor is $94,000. The 3% daily drawdown requires strict per-trade risk management — The5ers recommends a maximum 1% risk per trade. At the higher plan tiers, drawdown is measured on balance rather than equity for daily purposes — more forgiving for swing traders with open positions. For the Bootcamp, drawdown rules are proportional but the smaller account size means absolute dollar risk is significantly lower. Because the model is static (non-trailing), a trader sitting on 8% profit still has exactly the same 6% downside as at the start.

The5ers has an exceptional reputation earned over nearly a decade — one of the few firms with verifiable track records dating to 2016. Millions paid out in profit splits, Community score consistently 4.5+ stars. The live-market execution at higher tiers is both a feature (authentic conditions) and a drawback (slippage risk). The Bootcamp's low entry (~$95) makes The5ers one of the most accessible firms for traders on a budget. The scaling plan is impressive: a $5K Bootcamp account can theoretically reach $4 million through repeated 10% profit milestones. The5ers is known for a supportive trading education community and accessible customer support.