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The 5%ers New Program – High Stake Challenge
The 5%ers New Program – High Stake (Two-Phase)
The 5%ers are a very popular, reputable proprietary trading firm famous for providing their traders with instant funding, rapid account scaling as well as great trader support and education. They are one of the best prop firms that offers instant funding.
The 5%ers New Program – High Stake Challenge comes with a few unique features.
For one, this account comes with a fixed monthly salary also, after proving your ability. Here are the specifications given by the 5%ers:
Specifications
- Leverage 1:100
- Max. Trading Period on step 1 starts with the opening of the first trade or after 2 weeks from registration, whatever happens first.
- A profitable day is a day on which the closed positions made a positive profit* of at least 0.5% of the initial balance. *The positive profit is calculated as follows: Minimum(Midnight Balance, Midnight Equity) – Previous Day Balance
- Daily loss is 5% of the starting equity of the day OR the starting balance of the day (the highest between them) at 5PM EST or 00:00 UTC+3 (Server time).
- 1 free 10-day extension to phase 1 if the account is positive 5% or more
- 1 free reset if the account is positive and not terminated.
- When completing Step 1, traders will have the option to receive HUB credits for future internal purchases.
- When completing Step 2, traders will receive a refund for their payment.
- Holding trades overnight and over the weekend is allowed
- Holding open trades over news is allowed. Executing orders 2 minutes before until 2 minutes after high-impact news news is not allowed.
- Assets available: FX, Metals, Indices.
- Platform: Mt5 Hedge.
- Profit split: 80% to 100%. + monthly salary.
- Holding indices over the weekend is allowed but carries a high swap.
- Maximum number of active accounts per trader: 1
- Scaling up to $500,000
- First payout 14 days after receiving a funded account, and every 2 weeks after that.
What is the scaling plan?
For every 10% profit generated on the funded account, the account balance and profit split will be increased according to the table below:
