Trader5 prop firm offers funded challenges with no time limits, 90% profit splits, and 7-day payouts. Together with attractive conditions, the firm also offers trading signals, analysis, demo accounts, webinars, and even personal coaching. The firm has a 1-step challenge model and traders do not have to go through additional evaluations, once they hit the profit target, they start trading for profits immediately. Additionally, there is also an instant funded account for more experienced traders. With ongoing discounts, traders can reduce one-time fees by 20% and 30%. Funded options range from 10k to 100k, and traders can employ a scaling plan to increase their funding to up to 5 million dollars.
In today’s Trader5 review, we are going to assess the firm’s most critical features such as safety, rules, funding options, assets, platforms, education, support, and more.
Pros & cons of Trader5 prop firm
Pros
- No time limits and a 90% profit split
- 7-day payouts
- Both challenge and instant funding options are available
- The scaling plan allows traders to grow their accounts up to $5 million
- Educational resources include webinars, personal coaching, and trading signals
- Competitive fees below $100
Cons
- Limited experience as a new firm established in 2024
- Customer support is only available via email
Quick rating of Trader5 and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | Unknown |
| Minimum audition fee | 99 EUR |
| Fees on withdrawals | 0 EUR |
| Minimum funded amount | 10,000 EUR |
| Maximum funded amount | 250,000 EUR (5m with scaling) |
| Allowed daily loss | 3% |
| Profit target | 10% |
| Maximum trailing drawdown | 5-8% |
| Profit sharing (Payouts) | 90% |
| Trading Platforms | Custom web platform |
| Available trading markets | CFDs on Forex pairs, commodities, indices, and cryptos |
Safety of Trader5 — 3
Trader5 reviews are lacking on the FPA platform, which is natural as the firm is young. On Trustpilot, the firm has 20 reviews, and all of them are 5-star evaluations. The firm seems to have a good start and its traders evaluate its services positively, which is important. The firm was launched in 2024 which makes it relatively inexperienced in the industry. Another important aspect of defining whether the firm is reliable is to check if its trading is backed by regulated brokers. The firm should only provide capital, and trading platforms must be provided and maintained by regulated brokers and liquidity providers. In the case of Trader5, the firm has relationships with regulated liquidity providers and its trading platforms are official, making it a safe and secure firm.
The firm gets a 3 score in this section, for only lacking the experience and offering a secure trading environment with positive trader reviews.
Trader5 Funding and maximum capital allocation — 4
Trader5 funded programs are diverse and include both 1-step evaluation and instant funding options. With these Trader5 funding options, both beginners and experienced traders can find suitable funding challenges with the firm. Challenge account, which is a 1-step challenge, offers different packages including 10k, 25k, 50k, and 100k USD amounts. Trader5 challenges provide traders with enough starting capital to make a living and after consistently profitable trading, they can use a scaling plan.
Trader5 instant accounts are designed for experienced traders and offer the same range of funded options from 10k to 100k USD and add an extra 250k USD account for most experienced traders. The firm has a very well-balanced portfolio of diverse accounts, emphasizing simplicity and robustness.
Trader5 scaling plan allows traders to increase their funding to up to 5 million dollars, which makes the firm very appealing to experienced traders who want to get large trading accounts. Accounts scale by 2x or 1.5x depending on the trader’s trading phase, and is activated once every payout period.
Overall, the firm gets a 4 score in this section for offering diverse funding options, appealing to both beginners and seasoned traders.
Trader5 Assets — 4
Trader5 prop trading is possible by speculating on many different markets, such as Forex pairs (majors, minors, exotics), precious metals and energies (commodities), popular indexes, and digital currencies (cryptos). The firm has no limitations on lot sizes which is very flexible and maximum leverage is also useful at 1:50.
Trader5 Trading rules and limitations – 2.5
Trader5 rules are simple and forgiving. Traders need to achieve profit targets and maintain strong risk control on challenge accounts, while only maintaining strong risk control on instant accounts.
The Trader5 challenge account has the following rules:
- Profit target – 10%
- Daily loss limit – 3%
- Max drawdown – 5%
- Minimum trading days – 5 days
- Time limits – no time limit
- Available leverage – 1:50
Trader5 instant or funded accounts have the following rules:
- Profit target – None
- Daily loss limit – 3%
- Max drawdown – 8% with a special promo offer
- Minimum trading days – 5 days
- Time limits – no time limits
- Available leverage – 1:50 for Forex, metals, and CFDs
EAs are allowed only for copying trading signals and not automated trading. Overall, the firm offers pretty simple and transparent rules that are easy to understand and follow. As a result, Trader5 gets a 2.5 score in this section.
Trader5 Fees – 5
Fees are crucial, and Trader5 offers attractive pricing on their funded accounts. There are ongoing discount events, where trades can reduce the pricing further down by 20% and 30%, which makes the 99 Eur price mark on the 10k challenge even more appealing for beginners. Let’s list all the fees for each of the funding options for each account to compare clearly.
Trader5 challenge account one-time fees are:
- Funded amount: 10,000 EUR – One-time fee: 99 EUR
- 25,000 EUR – 239 EUR
- 50,000 EUR – 499 EUR
- 100,000 EUR – 999 EUR
Trader5 instant funding one-time fees are as follows:
- Funded amount: 10,000 EUR – One-time fee: 239 EUR
- 50,000 EUR – 1,199 EUR
- 100,000 EUR – 2,299 EUR
- 250,000 EUR – 5,4991,199 EUR
All these fees include premium educational resources and webinars, and instant accounts also provide 1 on 1 coaching sessions.
Trader5 free trial is available and traders can register and check the firm’s conditions and spreads before applying for any funded account, which is very beneficial for developing viable strategies.
Trader5 free repeat is not available at the moment and traders have to pay fees again if they want to reset a failed funded challenge account.
Spreads start from 0 pips on major pairs and payouts have 0 EUR withdrawal commissions.
Overall, Trader5 receives a 5 score in this section for offering very competitive fees and discounts.
Trader5 Platforms – 2.4
Trader5 currently offers access to a web trading platform that is built inside the trader dashboard, offering all the necessary features within one space. The platform is useful for trading and comes with plenty of built-in indicators and tools, including chart analysis tools. However, it is still not on par with advanced trading platforms. The platform allows mobile trading, which is useful. It does not support EAs or automated trading robots.
Overall, Trader5 gets a 2.4 score in the platforms department for lacking advanced trading platforms and automated trading capabilities.
Trader5 Profit-Sharing – 5
Trader5 profit split is 90%, enabling traders to withdraw 90% of their profits, which is impressive. The starting point is 90% and after using the scaling plan, the profit split does not change and is capped at 90%. Unlike many other props that promise huge payouts but start with low-profit splits, Trader5 really means it and always offers 90%. Withdrawal processing takes 1-2 business days, which is fast and payouts are possible every week, which is attractive for traders who want to withdraw their profits weekly.
Trader5 gets a 5 score in this section for offering fast and generous payouts.
Education and trading tools at Trader5 – 5
One section where Trader5 excels the most is its focus on educational resources and courses. The firm provides traders with 24/7 access to the extensive training center where traders can learn trading using personal coaches and webinars, signals, analysis, and practice trader accounts. Traders can consult and train with the coach directly, or watch live and recorded webinar videos to deepen their knowledge of financial markets. This approach is especially appealing to beginners who want to start prop trading but lack substantial knowledge on the subject. There are also tools to measure trading performance, and traders can see the economic calendar whenever they log into their dashboard.
Overall, Trader5 gets a 5 score in this section for offering top-notch educational experiences and abundant materials.
Customer Support at Trader5 – 2.4
Trader5 currently offers only an email support channel and lacks live chat, which is its downside. There is no phone support available either. We hope the firm adds live chat soon, as it is still a young company.
Trader5 gets a 2.4 score in this section.
Frequently Asked Questions on Trader5
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