Traders With Edge

The 5%ers Alternative & Comparison

The 5%ers alternative and comparison. That’s what we’re going to be covering in this video, so stick around.

Off the top, you’ll see, we’ve got the prop firm and the challenge type. We’ve got Traders with Edge Turtle account, Traders with Edge Hare account. The 5%ers Low Risk and the 5%ers Aggressive.

The account size, we’ve tried to match them up as best we can. Traders with Edge has a 25K and the 5ers has a 20K account. The maximum account size after scaling is $3 million for Traders with Edge, both accounts, and it’s $4 million for the 5ers, how the account scaling works is once you’re on a funded account with the prop firm and you’ve reached certain targets, they will continue to add funds to your account and allow your account to grow.

So you’re taking the same trades, but you’re obviously making more money because you’ve got a bigger account.

Do they have a rapid scaling plan? Yes. Both companies have a rapid scaling plan.

On Traders with Edge, if you go to challenges and scaling plans, you’ll come to a page that looks like this. We’ve got a description of an organic and a rapid scaling. We’ve got two types of scaling that you can choose from. We’ve got videos, examples, charts that will show examples of how much faster your capital will grow if you use a rapid scaling versus a traditional-type scaling.

You’ve even got a calculator down here that you can go and you can select your parameters and see just how much more money you would make using a rapid scaling than a traditional-type scaling plan. So back to the 5ers alternative. In comparison, you can see here, the number of phases. This is where Traders with Edge and the 5ers differ quite a lot. There’s one phase of the Traders with Edge Turtle, and two phases for the Hare.

So what this means is you trade on a demo account and once you’ve passed one phase on the Turtle, you go straight onto a funded account and you receive a profit share.

The Traders with Edge Hare, you’ve got two phases. Once you pass those two phases, then you go onto a funded account.

With the 5ers. You go straight onto a funded account from day one. However, pay attention to some of the other metrics. If we scroll down, you’ll see the price in US dollars. The 5ers actually charges in euros. So we’ve converted it to US dollars at the current rate. So it’s an approximation, it’s not exact.

The Traders with Edge Hare. You’ll see that it’s US $250 for the Turtle. 280 for the Hare. The 5ers low risk is around $412. The 5ers aggressive is around $797 at the time of shooting this video. If we continue to scroll down, you’ll see, “Is the fee refundable?” The fee is not refundable on the Traders with Edge Turtle, or either of the 5ers accounts.

The Traders with Edge Hare account is refundable and how it works is once you’ve passed both phases of the challenge, and then you’re on your funded account. When you are eligible for your first payout, we will refund that $280 back to you with your first payment. So it actually costs you nothing to do the challenge when you pass.

Target for phase one is 10% for the Traders with Edge Turtle and Hare, the target for phase one on the 5%ers Low Risk is 7%, and 5%ers Aggressive is 12%.

It’s worth noting at this point with the 5ers account. Once you pass phase one, they’ll increase your capital to 80,000 and you’ll continue from there.

The target for phase two is not applicable for the Turtle account because you would be on a funded account already. The Traders with Edge Hare account, your target is 5%. Once you hit 5%, then you go onto a funded account with the 5ers, your target for phase two, well, we’re calling it phase two, so after you’ve passed phase one, every other phase, you need to hit 10% to progress to the next level of funding.

The maximum drawdown is 5% of the Traders with Edge Turtle. It’s 10% for the Traders with Edge Hare,, it’s 0.3% for the 5ers Low Risk it’s 0.8% for the 5ers Aggressive.

So you’ve got quite a small drawdown available there on the 5ers. The daily drawdown is 2.5% for the Turtle. It’s 5% for the Hare, and with the 5ers it’s not applicable. You’ve just got that one maximum drawdown number there. The profit share, this means once you’re on a funded account, how much profit do you keep as the trader for any profits that you’ve made? So if you’ve made $10,000 on an account, Traders with Edge, you keep 80%.

So you’d keep $8,000 of that. With the 5ers you keep just 50%. The minimum trading days for phase one is 10 minimum trading days at Traders with Edge. And there’s no minimum trading days on the 5ers. Minimum trading days for phase two is only applicable on the Hare account, and there’s 10 minimum trading days.

The trading period for phase one. So you’ve got 365 days to pass the Turtle challenge. So you’ve got a full year there. You’ve got 30 days to pass the Hare challenge. You’ve got 180 days to pass the 5ers Low Risk, and you’ve got 60 days to pass the 5ers High Risk.

The trading period for phase two is only applicable again for the Traders with Edge Hare. And you’ve got 60 days to make that 5%. Can you hold over weekends? You cannot hold over weekends on any account except for the Traders with Edge Turtle account.

Can you use EAs? Yes, you can use EAs on all accounts. The only thing is with Traders with Edge, we say contact us to request approval for an EA before you use it. The reason for this is every prop firm has a rule that says you cannot trade exactly the same strategy as someone else who’s trading for that prop firm.

So you can’t copy someone else’s trades who is already trading at that prop firm. You can’t use the same EA on the prop firm, as someone else is using. I will make one clear distinction here, though. At Traders with Edge, you can absolutely use EAs to help you calculate your position size, place your stop loss and your profit targets and manage the trade. You can absolutely do that. And we actually recommend that you do do that to make your trading easier and more precise.

It’s just with the automated EA that will do the entries and exits and everything else for you that we say, “Need to seek approval.” By the way, what will happen with any other prop firm is if you trade with an EA that someone else is using, you will lose that account.

So they might say that you can use it upfront, but actually you’ll lose the account if someone else is using that same strategy.

Are you allowed to trade with signals? Yes. You can trade the signals on all accounts.

Are you allowed to trade news? Yes. You can trade news on all accounts.

Do you get a free retry? You don’t get a free retry on the Turtle account, because it doesn’t make any sense. You’ve got a full year to pass the challenge. So it doesn’t make sense that you get a free retry on that.

The Traders with Edge Hare and the 5ers Aggressive, both have a free retry. How this works is once you’ve reached the end of the trading period, but you haven’t reached the profit target. Your account’s still in profit and you haven’t violated any rules. Then you’ll get issued a free retry. With the 5ers Low Risk account. You can get an extension on your trading challenge account.

Can you trade Forex? Yes, to all accounts.

Can you trade digital currencies? Yes, you can on Traders with Edge. You cannot at the 5ers.

Can you trade commodities? Yes, you can trade commodities on all.

Can you trade indices? You can on Traders with Edge. You cannot at the 5ers.

Can you trade share and stock CFDs? Again, you can trade it with Traders with Edge, but you cannot with the 5ers.

Trading competitions, Traders with Edge has competitions, seems like 5ers do not.

How their competitions work is. You go and enter your trade on a demo account. You’ll be trading against a bunch of other traders online, you can invite your friends. And then at the end of the period, the top traders will win a challenge account, which they can then use to go on and get funded giveaways.

Do they have giveaways? Traders with Edge does have giveaways. It seems like the 5ers don’t at the time of recording this video.

Here’s an example of a giveaway that we ran recently, where you could enter your name and email address to go in the draw to win one of three $50,000 prop challenge accounts. You don’t have to trade or do anything. We just randomly select the winners. We may or may not have that giveaway running at the time that you see this video, but that’s an example of a giveaway that we have.

Do the prop firms have education? Yes, they both have education.

Do they have affiliate programs? Yes. Traders with Edge pays up to 20% for any referral that you send to Traders with Edge, you can sign up to the affiliate program. It costs nothing to join. You get a tracking link. Anyone that you refer to us, we will pay you up to 20% for that referral and for the lifetime of the client. So if you refer someone today and in three years time, they make a purchase. We will honor that and we will pay you a commission for referring that person to us.

The 5ers has a 10% affiliate program.

So that pretty much concludes our 5ers alternative and comparison. If you’ve got any questions, please talk to us on live chat at traderswithedge.com Join the telegram group. Post a comment below the video, and we look forward to seeing you as one of our next funded traders.

The 5%ers (The-Five-Percenters) is a Funded Trading Company and Growth Program.

Established by two professional forex traders, who’s visions were to create an open career-building platform for forex traders.

Their  mission remains to provide traders across the globe with a secure, fair, and honest trading framework, one that enables growth and prosperity with the highest standard of ethics.

They provide unique career enhancers for worldwide Forex traders, including a hyper growth plan to boost capital levels and earn profits.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 25K
  • $3 Million
  • Yes
  • 1
  • $250.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 25K
  • $3 Million
  • Yes
  • 2
  • $280.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

The 5%ers Low Risk

$ 20K
  • $4 Million
  • Yes
  •  
  • $411.94
  • 7%
  • 10% after first level
  • 0.3%
  • N/A
  • 50%
  •  
  • N/A
  • 180
  • N/A
  • Yes
  • yes
  • Yes
  • Extension
  • Yes
  • Yes
  • Yes
  • 10%

The 5%ers Agressive

$ 20K
  • $4 Million
  • Yes
  •  
  • $797.13
  • 12%
  • 10% after first level
  • 0.8%
  • N/A
  • 50%
  •  
  • N/A
  • 60
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 10%

Choose your account type

feedback_mix.png

Feedback

We'd love to hear your feedback on how we can improve. Please let us know any issues with the website or suggestions on how we can make Traders With Edge #1.
If you want to leave your email so we can follow up, it's optional.
[gravityform id="17" title="false"]
[vgoAlias]
[vgoAlias]
[^;]
[^;]
[(d+)]
[(d+)]
[elem.name]
[elem.name]
[+_a-z0-9-'&=]
[+_a-z0-9-'&=]
[+_a-z0-9-']
[+_a-z0-9-']
[a-z0-9-]
[a-z0-9-]
[a-z]
[a-z]
[el.name]
[el.name]
[class^="wpforms-"]
[class^="wpforms-"]