The5ers; 4.4; United Kingdom; Prop Firm Details

1-step Summer Plan

• 50% best day rule (Evaluation and Funded)

2-step Summer Plan

• 50% best day rule (Funded)

News Trading for Hyper-Growth and Bootcamp

• News trading is allowed except for bracket strategies around news
• For high stakes: Executing orders 2 minutes before until 2 minutes after high-impact news is prohibited

Copy Trading

• Allowed for: High Stakes and Hyper-Growth with Limitation
• Limitation: Once a trader has more than $500K under management, taking the same trades across accounts will no longer be possible
• External account copy trading: Allowed under the condition that the account belongs to the same traders; third-party copy trading is not allowed
• Bootcamp accounts: Copy trading is not allowed between two Bootcamp accounts

Expert Advisors

• Expert Advisors are allowed, as long as it's aligned with terms and conditions
• Required conditions:
  • The EA must set a Stop Loss (SL) order on every position
• Prohibited EA functions:
  • Copy trades from other persons' signals
  • Perform tick scalping
  • Perform latency arbitrage trading
  • Perform reverse arbitrage trading
  • Perform hedge arbitrage trading
  • Use emulators
• Enforcement: Any accounts found using EAs that violate these rules will be canceled, banned, and not refunded
• Applies to: All programs including Bootcamp and Instant Funding (Hyper Growth)

High Stakes Program

• Minimum of 3 profitable days required
• Profitable day definition: A day on which the closed positions made a positive profit of at least 0.5% of the initial balance

Bootcamp Rules

• Stop-loss requirement: Mandatory for all positions and orders and must be set within 3 minutes of placement
• Risk limit: The SL in any position must not risk more than 2% of the account balance
• Daily pause: 3% daily pause "soft breach" during funded stage
• Risk violations: Opening a position without an SL order, or risking more than 2% of the account balance in a single position, will be considered a risk violation
• Account termination: 5 risk violations will lead to automatic account termination

Prohibited Practices

• One-sided bets: A trading strategy where the user takes consistent positions in one single direction without considering market conditions or conducting proper analysis
• Arbitrage: Use exploitation of price discrepancies or glitches within different markets of similar or identical assets
• Bracket strategy: Trading bracketing strategy by opening pending orders around high-impact news. It consists of opening buy and sell stops close to the price before the news
• System exploitation: Intentionally or unintentionally employ trading strategies that take advantage of errors within the system, such as inaccuracies in price display or delays in updating
• Overleveraging: Overleveraging or overexposure to a single instrument or correlated instruments in a manner inconsistent with market-standard risk management practices that a reasonable person would apply when trading with their own capital
• Position sizing inconsistency: Opening position sizes or a number of positions that are substantially larger or smaller than your typical trading activity, whether compared across your own accounts or between your evaluation and funded account stages; or repeatedly concentrating risk in a single instrument or group of correlated instruments in a way that builds cumulative overexposure beyond what market-standard risk management would permit
• Other prohibited practices: https://help.the5ers.com/prohibited-trading-practices/?__cf_chl_f_tk=DAJirx6wO8YgiVwW463w0OToN_T6jMtrEdsFNAcIww0-1782985607-1.0.1.1-ojhvBa.gkCBvqt5LICHeY97.zWFIdTdrKe0zN1cCN8Y

Inactivity Rule

• Expiration: Accounts without new orders for more than 30 consecutive calendar days will expire

For the Bootcamp, Pro-Growth and Hyper-Growth programs

• Traders start with a 50% profit split, but they can quickly grow that to 75% already by the next stage in the scale-up plan. Traders can scale up the profit split to 100%.

High Stakes program

• Traders start with an 80% profit split and can also scale that up to 100%.

Payout Frequency

• Traders have the possibility to withdraw their profits on a bi-weekly basis.
• The minimum amount eligible for withdrawal is $150, after the profit split has been applied.

The minimum withdrawal amount is $150, or $250 for the Summer Plan.

Funded Profit Target (1-Step Summer Plan):

• The funded profit target remains the same as the evaluation profit target at 10%

Payout Cap (Summer Plan):

• Payouts are capped at $2,000 per payout cycle.

Commission Percentage on payouts:

• Rise, Cryptocurrencies, and Bank Transfers - 3.5%
• HUB Credits - No commission percentage

Full details about the scaling plan and profit split can be found via this link: https://help.the5ers.com/how-much-is-the-profit-split-in-the5ers/