The 5%ers is a proprietary firm with an office based in the UK, London. They offer instant funding account models with low-risk or aggressive-risk features. The sizes of your instant funding accounts, which can be scaled up to $4,000,000 in size, are $5,000, $10,000, and $20,000, respectively.
Additionally, you have the option of selecting their rigorous two-step evaluation program. The final option is their $100K or $250K Bootcamp challenge model, which can grow in size to $4,000,000. They let you trade on MetaTrader5 and use a third-party program as their broker.
The 5%ers Trader Interview
Let’s start this weekend with a fantastic interview. The 5%ers shared another trader’s interview. The trader is from South Africa and grew up in a small town called Vryheid – translated to English, which means “Freedom.” He is married to Sonja, has a Persian Cat child named Chewy, and they stay in Pretoria. After school, he tried university for a year and failed. He shared that those years studying law meant you had to master Latin, and he simply couldn’t! After picking himself, he got involved in marketing and sales in the South African textile industry.
The trader shared that the Textile industry was his home for 11 years until the industry collapsed due to cheap imports. Two or three failed jobs in different sectors eventually led him to online trading in 2012. He blew a few accounts but persisted and eventually became profitable. He shared that now he is grateful to be able to do this full-time with The 5%ers!
The Trader also trades a “hybrid” supply and demand strategy. The trader adopted a few strategies he found online to “fit my eyes.” You have to “see” the chart before opening trades. He also shared that he always uses a stop loss and has learned to be patient – let the trade come to you. It is a good idea to journal your trades and review your losing trades – that is the only way to become a better trader.
He advised traders to develop their own trading strategy, never copy trade or use trading signals and use a stop loss that is part of a defined risk management plan. Also, become part of the family.