The5ers has been a trusted name in proprietary trading since 2016. Founded in Ra'anana, Israel by CEO Saul Lokier, the firm has funded over 262,000 traders worldwide and maintains an impressive 4.75/5 rating on Trustpilot from 21,419+ reviews. But does it deserve its reputation in 2026?
In this comprehensive review, we analyze every aspect of The5ers — from evaluation rules and profit splits to trading conditions and payout reliability. We also share our exclusive discount code PFKEY that saves you 5% on any challenge.
Company Overview
| Detail | Info |
|---|---|
| Founded | 2016 |
| Headquarters | Ra'anana, Israel |
| CEO | Saul Lokier |
| Funded Traders | 262,000+ |
| Trustpilot Rating | 4.75/5 (21,419 reviews) |
| Execution | STP via institutional LPs |
| Markets | Forex, Indices, Metals, Crypto |
Challenge Programs
The5ers offers three main evaluation programs, each designed for different trader profiles:
1. HyperGrowth (1-Step Evaluation)
The HyperGrowth program is The5ers' flagship one-step challenge. It is designed for traders who want to get funded quickly with a single evaluation phase.
| Account Size | Price | Profit Target | Daily Loss | Max Loss | Profit Split | Scaling |
|---|---|---|---|---|---|---|
| $5,000 | $260 | 10% | 3% | 6% | 50% | Up to $4M |
| $10,000 | $450 | 10% | 3% | 6% | 50% | Up to $4M |
| $20,000 | $850 | 10% | 3% | 6% | 50% | Up to $4M |
- No minimum trading days — pass the challenge in 1 day if you can
- Static drawdown — max loss is calculated from your initial balance, not trailing
- Leverage: FX 1:30, Indices 1:10, Metals 1:10, Crypto 1:2
- Scaling up to $4M with consistent profitability
2. HighStakes (2-Step Evaluation)
The HighStakes program is a more affordable entry point with a two-phase evaluation. It offers higher leverage and better initial profit splits.
| Account Size | Price | Phase 1 Target | Phase 2 Target | Daily Loss | Max Loss | Profit Split |
|---|---|---|---|---|---|---|
| $2,500 | $19 | 10% | 5% | 5% | 10% | 80% |
| $5,000 | $39 | 10% | 5% | 5% | 10% | 80% |
| $10,000 | $78 | 10% | 5% | 5% | 10% | 80% |
| $25,000 | $195 | 10% | 5% | 5% | 10% | 80% |
- Starting from just $19 — one of the most affordable entries in the industry
- Higher leverage: FX 1:100, Indices 1:30, Metals 1:30
- 80% profit split from day one
- Minimum 3 trading days per phase
- Scaling up to $500K
3. Bootcamp (3-Step for Beginners)
The Bootcamp is a more gradual program designed for newer traders who want to prove themselves step by step. It features three evaluation phases with progressively easier targets.
Evaluation Rules Breakdown
Understanding The5ers' rules is critical to passing their challenges. Here is what you need to know:
Drawdown Rules
- HyperGrowth: 3% daily loss limit, 6% maximum loss (static)
- HighStakes: 5% daily loss limit, 10% maximum loss (static)
- Static drawdown means the max loss is calculated from your starting balance, NOT from your highest equity. This is significantly more forgiving than trailing drawdown used by many competitors.
Profit Targets
- HyperGrowth: 10% in one phase
- HighStakes: 10% in Phase 1, 5% in Phase 2
Time Limits
One of The5ers' biggest advantages: there are no time limits on any evaluation program. Take as long as you need to hit your profit target. This removes the pressure that causes many traders to overtrade and fail with other firms.
Trading Restrictions
- News trading: Allowed
- Weekend holding: Allowed
- Scalping: Allowed
- EAs/Bots: Allowed
- Hedging: Allowed
- Copy trading: Allowed with restrictions
Profit Split & Scaling
The5ers offers a unique scaling path that can take your profit split all the way to 100%:
- HyperGrowth: Starts at 50%, scales with performance
- HighStakes: Starts at 80%, scales with performance
- Maximum: 100% profit split after consistent profitability
Payouts
- Frequency: Bi-weekly payouts
- Methods: Bank wire, crypto, various payment processors
- Processing time: Typically 1-3 business days
- Minimum withdrawal: Varies by program
Trading Platforms
The5ers primarily uses their proprietary platform built on institutional-grade infrastructure. They also support MetaTrader 5 (MT5) for traders who prefer the familiar MetaTrader environment.
Pros and Cons
Pros
- 100% profit split potential — highest in the industry
- No time limits on evaluation — trade at your own pace
- Static drawdown — more forgiving than trailing
- Starting from $19 (HighStakes) — extremely affordable entry
- 262,000+ funded traders — proven track record
- STP execution via institutional LPs — real market conditions
Cons
- HyperGrowth starts at 50% profit split — lower than some competitors
- US traders not accepted — regulatory limitation
- Lower leverage on HyperGrowth (1:30 FX) compared to HighStakes (1:100)
- No MetaTrader 4 — only MT5 and proprietary platform
The5ers Discount Code: PFKEY
Use our exclusive code PFKEY at checkout to save 5% on any The5ers challenge. This code works on all programs — HyperGrowth, HighStakes, and Bootcamp.
How to use:
- Go to The5ers website
- Select your preferred program and account size
- At checkout, enter code PFKEY
- Your 5% discount is applied instantly
Final Verdict: 9.2/10
The5ers earns a strong 9.2/10 in our rating. The combination of 100% profit split potential, no time limits, static drawdown, and a proven 10-year track record makes them one of the top prop firms in 2026.
Best for: Experienced forex and indices traders who value flexible rules and high scaling potential. The HyperGrowth program suits traders aiming for maximum funding ($4M), while HighStakes is perfect for budget-conscious traders starting at just $19.
Use code PFKEY for 5% off any challenge.
