5ers High Stakes Challenge Vs AquaFunded Trading Challenge
Discover the differences between the 5ers high stakes challenge and AquaFunded trading challenge. Choose the right path for you!
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Consider you’ve spent years honing your trading skills, only to be shackled by a lack of capital. You’ve heard of prop firm challenges and dream of finally securing a funded trading account to play with the big boys. But getting there isn’t as simple as passing a challenge—it's about picking the right one. Enter 5ers High Stakes, a program designed to help you trade efficiently and maximize your potential.
That’s where AquaFunded’s funded trading program comes in—offering a streamlined path to achieving your goals.
What Is 5ers Prop Firm?
In the world of forex prop firms, The5ers stands out with a strong reputation for reliability. Founded in 2016 by Gil Ben Hur, this firm offers a variety of funded programs tailored for different traders. Whether you’re looking for a 2-step challenge, a 1-step challenge, or instant funding, The5ers has options. They simulate trading environments to evaluate your skills before funding you. After the My Forex Funds collapse, Gil was the first to clarify publicly that The5ers accounts are real-money accounts backed by reputable liquidity providers like Interactive Brokers.
Choose From Three Unique Funding Pathways
The5ers offers three distinct funding programs to meet the diverse needs of traders:
1. Hyper Growth
Start trading live from day one with instant funding. There’s no challenge phase, allowing you to dive right into the action.
2. High Stakes
This 2-step program involves a challenge phase followed by funding. With 1:100 leverage, you get significant trading capital to make impactful trades.
3. Bootcamp Program
A low-cost option with three challenge phases, perfect for traders looking to prove themselves without breaking the bank.
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Key Features of 5ers High Stakes Trading Challenge
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The 5ers High Stakes Challenge: A New Frontier
The 5%ers have rolled out their High Stakes Challenge, a two-step trading program designed for high-risk, high-reward traders. After receiving numerous requests for a program with more flexibility, the firm introduced this challenge. Traders need to understand that this type of program will likely have a low passing rate due to the high-risk nature of the challenge. But don't let that deter you.
With a potential profit split of up to 100%, a salary of $4,000 to $10,000, and leverage of up to 1:100, it’s an enticing opportunity for those confident in their trading skills. The scaling plan is the fastest in the industry, and you can scale your account up to $500,000. While holding indices over the weekend is allowed, be aware that it comes with a high swap. And importantly, each trader can have only one active account.
The High Stakes Challenge: What You Need To Know
The High Stakes Challenge allows traders to manage accounts ranging from $5,000 to $100,000 to identify talented traders who can profitably manage risk. In phase one, traders must reach a profit target of 8% while adhering to daily and maximum loss rules. There are no maximum trading day requirements, but you need at least three profitable trading days to move on to phase two. The profit target is reduced to 5% in phase two, with the same loss rules and trading day requirements.
Complete both phases, and you’ll receive a funded account with a minimum withdrawal of $150. Your first payout is 14 days after your first trade, and you can withdraw profits bi-weekly after that. Profit splits range from 80% to 100%, based on your performance.
High Stakes Scaling Plan: The Fast Track to Success
The High Stakes Challenge comes with a fast-track scaling plan. Once you reach a 10% profit target, you can scale your account to the next size without forfeiting your profits. For a $100,000 account, for example, generating a total profit of 11% in two weeks makes you eligible for scaling. Your account will be temporarily disabled while the balance is increased to $125,000. You can also withdraw your profits before reaching the 10% target.
High Stakes Trading Rules & Objectives
The High Stakes Challenge has specific trading rules and objectives. The profit target for phase one is 8%, while phase two requires 5%. Funded accounts have no specified profit targets. All account sizes have a maximum daily loss of 5% and a maximum overall loss of 10%. Before moving on, you must have at least three profitable trading days in each phase. Trading is prohibited during high-impact news releases, meaning no new trades or closing existing trades within two minutes before and after the announcement.
For traders looking for a funded trading program, AquaFunded offers the opportunity to trade with large capital accounts and earn up to 95% profit splits. With easy-to-achieve 8% profit targets and fast bi-weekly payouts, AquaFunded is a competitive choice in the prop trading market. Get started with AquaFunded's funded trading program today!
5ers High Stakes Challenge Vs. AquaFunded Trading Challenge
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Challenge Structure and Phases
AquaFunded offers a variety of pathways with different phases: a straightforward one-step challenge and more complex two-step, two-step pro, and three-step challenges—the account sizes available range from $25K to $200K. For the one-phase challenge, traders must hit a 9% profit target without breaking any rules. In the two-phase challenge, Phase 1 requires an 8% profit, and Phase 2 needs a 5% profit with the exact rule adherence.
The 5ers High Stakes Challenge operates in a 2-phase format. In Phase 1, traders aim for an 8% profit; in Phase 2, they need a 5% target. While both firms allow flexibility in trading methods, the 5ers places more emphasis on risk management.
Profit Split and Scaling Dynamics
AquaFunded entices traders with a 95% profit share and scales accounts by 25% when traders achieve a 12% profit in three months. They offer bi-weekly payouts.
The 5ers High Stakes Challenge typically offers an 80% profit split. Scaling is performance-based rather than a fixed percentage. Consistency is critical, with a focus on managing risk and preventing over-leverage.
Risk Management and Leverage
AquaFunded imposes a drawdown limit of 6%- 8%, ensuring a controlled risk environment. It allows leverage up to 1:100.
In contrast, the 5ers High Stakes Challenge permits a 10% maximum drawdown of the initial balance and a stricter 5% daily equity-based drawdown. They also provide up to 1:100 leverage for Forex pairs.
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Pros and Cons of 5ers
Pros of 5ers: A Closer Look
A Solid Business Model You Can Rely On
The 5ers have a reputation for keeping it straightforward and honest. Unlike some prop firms that might veer off course, the 5ers stick to tried-and-true methods. Funded traders work with natural capital from their private equity fund, ensuring a genuine trading experience. Being outside the US, they aren't tangled in US regulations, so there's no risk of a sudden shutdown by the CFTC. This reliability speaks volumes in the ever-changing world of prop trading.
Scaling That Rewards Consistency
The 5ers reward traders who show consistent profitability. They offer an impressive scaling option, allowing traders to boost their payout percentage to 100%. Plus, hitting your profit targets with most accounts means you can double your account size. This scaling plan stands out in the industry for its generosity and trader-friendly nature.
Flexible Account Options for Every Trader
Whether you're just starting or are ready for near-instant funding, the 5ers have an account option for you. Their Hyper Growth plan even lets you get paid for profits made during the evaluation stage. The 5ers make it easy for traders at any level to find an account that suits their needs and skill level.
Freedom to Trade Your Way
The 5ers offer incredibly flexible trading parameters. Most accounts don't have a daily maximum loss, and the trading rules are relaxed. You can hold positions overnight, trade the news, or use any preferred style. EAs are welcome, and swing traders and scalpers are encouraged to join. If you can make money, the 5ers want you to trade with them.
Top-Notch Support and Resources
When it comes to support, the 5ers are hard to beat. They offer daily trading rooms, webinars, educational videos, and more. They even provide free courses in trading psychology and personalized performance coaching. They want their traders to succeed, and they back that up with extensive resources.
Quick and Easy Profit Payouts
Unlike other firms that make you jump through hoops to get your earnings, the 5ers make it simple. You can request a payout for any amount whenever you want, and you'll have it quickly. This ease of access to your profits is a significant advantage for traders.
Cons of 5ers: Areas for Improvement
Lower Initial Payout Percentages
While the 5ers offer the potential to scale up to 100% payouts, traders start at around 75%. That's decent but not the highest in the industry. Some traders prefer firms that offer higher initial payouts, even if they lack the same scaling potential.
Limited Leverage Options
Compared to other prop firms, the 5ers offer relatively low leverage. Their low-risk accounts provide 1:10 leverage, while aggressive accounts max out at 30:1. This lower leverage is likely due to their use of natural capital. Still, it might not suit traders who prefer higher leverage options.
Restricted Asset Offerings
The 5ers primarily focus on forex, with limited options for metals and indices. You'll need to look elsewhere if you're looking to trade shares, cryptocurrencies, or futures. This limited asset offering might be a downside for traders who prefer a broader range of market options.
5 Tips On How To Pass 5ers High Stakes Challenge
1. Tap into AquaFunded's Unique Advantages
When you want to conquer the 5ers High Stakes challenge, consider leveraging platforms like AquaFunded. This Dubai-based trading program stands out with its generous capital access and profit splits up to 95%. With easy-to-reach 8% profit targets and bi-weekly payouts, you could see your first payout in just seven days. AquaFunded welcomes traders at all experience levels, providing a low-risk way to trade using their funds. Their competitive features and UAE-based operations make them a trustworthy option in the prop trading market, perfect for those wanting to scale their profits.
2. Stick to Your Plan, No Matter What
Consistency is your best friend when tackling a prop firm challenge. Stick to your strategy, whether manual or automated, without deviation. Trust your plan if you think the market is heading differently. This habit will help you avoid emotional decisions that can lead to losses. Staying true to your plan builds discipline, which is crucial for long-term success.
3. Patience Is More Than a Virtue—It’s a Strategy
Resist the urge to rush through the process. The goal isn’t to attempt expensive challenges quickly but to master smaller ones first. This approach prepares you, increasing your chances of success. Many traders fail because they hurry, missing valuable learning opportunities. Take your time to understand the nuances and refine your skills.
4. Remember, Passing the Challenge Is Just the Beginning
Securing a pass in the challenge phase is only the first step. You’ll need to go through verification and funding stages before you can start earning real money. That’s why having a profitable and consistent trading strategy is crucial. Avoid overconfidence from a few lucky trades. Use the challenge to assess your risk tolerance and trading goals. Practice and refine your strategy to ensure it works in the long run, not just in the short term.
5. Risk Management: The Key to Becoming a Professional Trader
A solid trading plan is essential, but it’s not enough. You also need a robust risk management strategy. This should detail how much you risk per trade, where to place stop losses, how to handle drawdowns, and more. Effective risk management can make a basic strategy profitable. It’s what separates successful traders from those who struggle. Focus on managing risk like a pro, and you’ll set yourself up for sustainable success.
Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.
AquaFunded offers traders a unique opportunity to access substantial capital accounts with profit splits of up to 95%, making it an enticing choice for those seeking financial independence. AquaFunded’s user-friendly platform is designed to meet the needs of traders at all experience levels, from beginners to seasoned pros. The company’s innovative funding model, which includes easy-to-meet profit targets and fast payouts, is designed to help traders achieve their goals with minimal risk. AquaFunded’s competitive features and location in Dubai make it a trusted choice for traders looking to grow their funds.
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