The 5%ers

The 5%ers is an online proprietary trading firm that offers a funded trader program, allowing retail traders to access company capital after passing a skills evaluation. Unlike traditional forex brokers, it does not accept deposits for personal trading; instead, traders pay a fee to participate in a challenge with the aim of managing a funded account. Founded in 2019, the firm positions itself as a growth platform for ambitious forex traders worldwide.

The company operates under the legal name Five Percent Online Ltd and maintains a registered address in London, United Kingdom, while also stating it is officially registered in Israel. Its primary service is the 'Funded Trader Program,' which promises a profit split to successful participants. The 5%ers has attracted a small but vocal user base, reflected in its 4.2/5 Trustpilot rating from 16 reviews.

Five Percent Online Ltd was incorporated on 5 August 2019, according to public records. Its registered address is Enstar House, 168 Praed Street, London, W2 1RH, a location that often serves as a business centre or virtual office in a prime area of the capital. Company filings show zero employees, suggesting a lean operational structure possibly reliant on contractors or remote staff.

The firm claims an official registration in Israel, though this does not appear to relate to financial regulation. The dual country mention may indicate that core management or operations are based in Israel, while the UK address serves administrative purposes. Prospective users should note that this corporate arrangement does not provide clarity on legal accountability or jurisdiction for dispute resolution.

The 5%ers does not hold a financial services license from any recognised regulatory authority. Searches through major financial registries—including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Israel Securities Authority—return no records for this entity. As a proprietary trading firm, it may not be legally required to be licensed in this way, since it does not offer brokerage services to retail clients.

However, this lack of regulation means that participants are not protected by investor compensation schemes such as the UK’s FSCS, nor do they have access to a financial ombudsman. Any funds paid for evaluation fees are not segregated or insured, and the firm operates without external oversight of its business practices or capital reserves.

The 5%ers uses a challenge-based model common among prop firms. Traders pay an upfront fee to enter an evaluation phase, which typically involves meeting profit targets while respecting risk parameters like maximum daily loss and overall drawdown limits. Successful candidates are then granted a funded account with a nominal capital amount, from which they can earn a share of profits—often between 50% and 80%, though exact terms are not publicly disclosed.

The firm mentions funding packages such as the $10,000 account seen in user reviews, but does not list all available tiers, scaling plans, or retry policies. Unlike some competitors, The 5%ers does not appear to offer a free trial or a refund of the evaluation fee on first withdrawal. Those considering the program must read the terms carefully before committing, as challenge rules can be exacting.

The 5%ers does not publicly specify which trading platforms are available to funded traders. Industry practice suggests platforms like MetaTrader 4 or MetaTrader 5 may be used, but this is not confirmed. Similarly, the range of tradeable instruments—forex pairs, commodities, indices, or cryptocurrencies—is not listed on the firm’s website.

This lack of transparency makes it difficult for traders to evaluate execution conditions, spreads, and available leverage before purchasing an evaluation. Those accustomed to detailed broker disclosures will find this information gap a significant drawback.

On Trustpilot, The 5%ers holds a 4.2 out of 5 rating based on 16 reviews, with most users expressing satisfaction. Common praise includes quick and helpful customer support, timely funding, and a smooth evaluation experience. However, the sample size is extremely limited, and no reviews appear on Forex Peace Army, an important venue for broker scrutiny.

FXCanary’s investigation uncovered two withdrawal-related complaints from other industry databases, though these are not detailed in the reviewed samples. Given the small review pool, this positive sentiment should be viewed with caution; it may not fully capture the experiences of all traders, especially those whose payouts are delayed or denied.

The 5%ers may appeal to forex traders who are confident in their strategies and willing to accept the risks of an unregulated prop firm in exchange for potential access to larger capital. The low entry cost relative to self-funding a large account is attractive to many. Nevertheless, the absence of regulatory oversight and the limited transparency around fees, platforms, and terms require a high degree of trust in the company.

Risk-averse traders and those who value enforceable consumer protections should consider regulated alternatives or fully transparent prop firms. Before engaging, it is crucial to test the waters with the lowest-cost challenge and to verify withdrawal reliability through independent sources.