The 5%ers is one of the most unique proprietary trading firms that has some unique funding opportunities. In the blog, we will emphasize how to get Instant Funding with The 5%ers and scale the account up to $4 million gradually.
Account Types
There are two kinds of risk level accounts. There are three types of accounts under each risk level according to the account balance.
1. Low Risk Account
2. Aggressive Risk Account
Instant Funding Option
Three types of accounts: $24,000; $40,000; $80,000.
Initially ¼ of the total balance will be paid instantly. So if you sign up with $40,000, $10,000 real dollars will be instantly paid.
Profit Target
For each of the instant funded accounts, traders must earn a certain amount within a limited maximum number of days.
Low Risk Accounts (First level):
The maximum day limit is 180 days,
1. Earn 6.2% profit on a $24,000 account
2. Earn 6% profit on a $40,000 account
3. Earn 7% profit on an $80,000 account
From the rest of the level, you must earn 10% of the profit target.
Aggressive Risk Accounts (First level):
The maximum day limit is 60 days,
1. Earn 12% profit on a $24,000 account
2. Earn 12% profit on a $40,000 account
3. Earn 12% profit on an $80,000 account
From the rest of the level, you must earn 25% of the profit target.
Daily Loss Limit
The 5%ers offers Balance Based Drawdown at a 6% daily loss in the first 2 levels and 4% from the level three and the rest.
On your $10,000 account, you can lose up to $600. Suppose you earned $200 on the first day and your equity is $10,200. Even then, your daily drawdown will be at a $600 loss, not 6% of $10,200 = $612.
Leverage
1. Low Risk Level- 1:10
2. Aggressive Risk Level- 1:30
Rule
You must set SL in every trade without risking no more than 2% of the value.
Upgrade
You need to earn the profit target and maintain all the rules. Then you will be eligible for the account balance upgrade. On the first upgrade, you will earn 4X of the initial balance. From the second level, you will be upgrading your account in 2X.
Payout
The profit share is 50%-50%. A payout is issued every month, starting with the second level of the program. So you cannot withdraw any profit with the initial instant funding.
Maximum Funding
You can receive up to $4 million with this scaleup plan.
