This article provides a comprehensive and structured three-step comparison between two renowned proprietary trading firms, The Funded Trader and The5ers. It delves into the general company details and offerings to forex traders globally, presenting an insightful overview for those interested in the world of forex trading.
Company Details: A Comparative Overview
Understanding the foundation and leadership of these firms is crucial for traders considering their options. This section sheds light on the incorporation dates, CEO profiles, office locations, and maximum allocation capital of both The Funded Trader and The5ers.
Key Company Information
- Incorporation Date: The Funded Trader started in May 2021, whereas The5ers began its journey in April 2020.
- CEO: The Funded Trader is led by CEO Angelo Ciaramello, with Gil Ben Hur at the helm of The5ers.
- Office Location: The Funded Trader operates out of Liberty Hill, Texas. In contrast, The5ers is headquartered in London, UK.
- Maximum Allocation Capital: The Funded Trader offers traders the opportunity to manage up to $600,000. On the other hand, The5ers allows traders to handle funding up to 3x $250,000.
Both The Funded Trader and The5ers are recognized for their reliability and trustworthiness in the proprietary trading firm arena. Additionally, it’s important to note that both firms offer a scaling plan, further enhancing the opportunities for traders under their programs.
Funding Program Options: A Comparative Analysis
Exploring the funding programs offered by The Funded Trader and The5ers is essential for traders seeking the right platform. This section compares the different evaluation steps and instant funding options available from both firms.
Funding Programs Overview
- The Funded Trader provides a variety of evaluation options, including one-step, two-step, and three-step evaluations.
- The5ers offers two-step and three-step evaluations, along with an option for instant funding.
Next, we delve into a detailed comparison of the three-step evaluation programs offered by these two companies.
Three-step Evaluation Comparison
The three-step evaluation process is a critical aspect of both The Funded Trader’s and The5ers’ offerings. This comparative analysis focuses on trading rules, objectives, profit targets, drawdown limits, leverage, minimum trading days, trading period, and profit split.
Trading Rules and Objectives
| Criteria | The Funded Trader | The5ers (Bootcamp Challenge) |
|---|---|---|
| Phase 1 Profit Target | 8% | 6% |
| Phase 2 Profit Target | 5% | 6% |
| Phase 3 Profit Target | 5% | 6% |
| Daily Drawdown | 5% | No Daily Drawdown |
| Overall Drawdown | 10% | 5% |
| Leverage | 1:100 (Swing 1:30) | 1:10 |
| Minimum Trading Days | No Minimum | No Minimum |
| Trading Period | Unlimited for all steps | Unlimited for all steps |
| Profit Split | 75% up to 95% | 50% up to 100% |
After analyzing the rules and guidelines of the three-step evaluation, we will now take a closer look at the pricing structures for different account sizes.
Account Size and Pricing Comparison
Both firms offer various account sizes, each with its own pricing structure. This comparison highlights the differences in pricing for similar account sizes.
| Account Size | The Funded Trader | The5ers |
|---|---|---|
| $5,000 | $49 | Not Available |
| $10,000 | $99 | Not Available |
| $25,000 | $135 | Not Available |
| $50,000 | $205 | Not Available |
| $100,000 | $355 | $95 (+ $205 After Passing) |
| $200,000 | $495 | Not Available |
| $250,000 | Not Available | $225 (+ $350 After Passing) |
Brokers & Trading Platforms: A Detailed Comparison
After thoroughly examining the trading objectives, rules, and pricing structures, we now focus on the brokers and trading platforms associated with each proprietary trading firm.
Broker and Platform Options
| The Funded Trader | The5ers | |
|---|---|---|
| Broker | Eightcap, ThinkMarkets, Purple Trading Seychelles | Liquidity Provider with Direct Market Access |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 5 |
Trading Instruments Comparison
Trading instruments are a crucial aspect to consider when selecting a proprietary trading firm. This section compares the range of instruments available with The Funded Trader and The5ers.
| Trading Instrument | The Funded Trader | The5ers |
|---|---|---|
| Forex Pairs | Available | Available |
| Commodities | Available | Available |
| Indices | Available | Available |
| Crypto | Available | Not Available |
Community Feedback: Trustpilot Reviews
The final aspect of our comparison is the community feedback for both The Funded Trader and The5ers, as reflected in Trustpilot reviews.
Trustpilot Statistics
| The Funded Trader | The5ers | |
|---|---|---|
| Rating | 4.4/5 | 4.8/5 |
| Number of Reviews | 15,696 | 1,871 |
The Funded Trader holds a Trustpilot rating of 4.4 out of 5 based on 15,696 reviews, indicating a high level of popularity and customer satisfaction. The5ers, with a rating of 4.8 out of 5 from 1,871 reviews, also shows strong customer approval. These statistics provide valuable insights into the community’s perception of each firm.
Conclusion: Choosing Between The Funded Trader and The5ers
In summarizing this comprehensive comparison between The Funded Trader and The5ers, it’s evident that both firms offer exceptional opportunities for traders. Each firm presents unique features in terms of trading rules, objectives, pricing structures, and community feedback. A key difference lies in their funding program options, where The Funded Trader offers an array of choices including three two-step evaluations, a one-step evaluation, and a three-step evaluation. Meanwhile, The5ers provides traders with a two-step evaluation, a three-step evaluation, and the option for instant funding.
Both The Funded Trader and The5ers stand as strong contenders in the realm of proprietary trading firms, each catering to different needs and preferences of traders worldwide. As a final note, we’re excited to offer special discount codes for each of these firms. Check out the discount codes below to enhance your trading journey with either The Funded Trader or The5ers.
Exclusive Discount Codes
Unlock your trading potential with these exclusive discount codes:
- The Funded Trader Discount Code: [N/A]
- The5ers Discount Code: [N/A]
Take advantage of these offers to embark on your trading journey with added benefits!
