FTMO vs. The5ers: A Comprehensive Comparison

Introduction:

When it comes to prop trading firms in the forex market, two prominent names stand out: FTMO and The5ers. Both companies offer aspiring traders the opportunity to trade with their proprietary capital and earn a share of the profits. In this blog post, we will conduct a comprehensive comparison of FTMO and The5ers, exploring their evaluation processes, trading objectives, funding programs, and more. By the end, you’ll have a better understanding of which firm might be the right fit for you.

1. Evaluation Process:

FTMO has a unique 2-step Evaluation Course that consists of the FTMO Challenge and Verification. Traders must pass the Challenge by meeting specific trading objectives, showcasing their skills and discipline. Successful candidates then proceed to the Verification stage, where their results are verified before being offered a placement in the FTMO Proprietary Trading firm.

The5ers also have an evaluation process that requires traders to demonstrate their trading abilities. Traders undergo a comprehensive evaluation where their performance, risk management, and consistency are assessed. Upon successful completion, traders can join The5ers’ team of funded traders.

2. Trading Objectives:

FTMO sets Trading Objectives to ensure traders can effectively manage risk. They offer flexibility in trading styles and do not set limits on instruments or position sizes. Traders are encouraged to meet these objectives to prove their discipline and experience, which can lead to account scaling according to FTMO’s Scaling Plan.

The5ers also emphasize risk management and require traders to meet specific trading objectives. By demonstrating proficiency in risk management and consistently generating profits, traders can access higher funding levels and enjoy increased profit sharing.

3. Funding Programs:

FTMO offers a funded trading program where traders receive a share of the profits while FTMO covers the losses. Traders can remotely manage an FTMO account with a balance of up to $400,000. The profit split starts at 70% for traders and can go up to 90% based on performance and the Scaling Plan.

The5ers’ funding program provides traders with capital to trade and offers profit sharing. Traders can receive a funded account with varying levels of capital based on their evaluation results. Profit sharing ranges from 50% to 90%, depending on the trader’s performance.

4. Support and Resources:

FTMO provides a range of support and resources to traders. They offer custom trading apps, account analysis, customer support in multiple languages, a trading academy with tutorials and webinars, and performance coaching to help traders improve their skills and overcome challenges.

The5ers also offer support and resources to their traders. They provide account analysis, customer support in multiple languages, and collaborate with experienced traders and mentors. Additionally, they offer a free trial account for traders who want to test their evaluation process.

Conclusion:

FTMO and The5ers are both reputable prop trading firms that offer traders the opportunity to trade with proprietary capital and earn a share of the profits. While FTMO follows a 2-step evaluation process and emphasizes trading objectives and scaling plans, The5ers’ evaluation process focuses on risk management and offers varying levels of funding based on performance. Ultimately, the choice between FTMO and The5ers depends on individual preferences, trading styles, and goals. It is recommended to carefully assess the features and offerings of both firms to make an informed decision that aligns with your trading aspirations.

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