Welcome to our review of The5ers. This in-depth review analyses why it’s the best prop firm available to Nigerians in 2025. We analysed each of their three programs, showing the payouts and safety measures.
If you are new to this, prop trading means using a company’s money to trade forex, gold, or crypto, and you keep the majority of the profits after meeting their goals.
The5ers stands out with low fees starting at $39 and flexible rules, perfect for you in Nigeria where internet and cash deposits are not smooth.
Let’s go in.
Why The5ers Stands Out as the Best Prop Firm for Nigerian Traders
- Low Entry Fees Fit Your Budget
The5ers review shows fees start at $39, perfect for you in Nigeria where cash can be tight. This makes prop trading in Nigeria affordable without big risks upfront.
- Crypto Payments Avoid Bank Trouble
The5ers accepts cryptocurrency, so you dodge Naira issues or slow bank transfers when funding your account.
- Flexible Trading Rules Suit Your Life
You can hold trades overnight or over weekends, and trade news in most programs. This fits your schedule, even with power cuts or busy days, making it the best prop firm Nigeria offers.
- Free Education Boosts Your Skills
The5ers provides webinars, blogs, and coaching to help you learn fast. This support sets it apart for funded trading Nigeria.
- Big Profit and Growth Options
Payouts come bi-weekly with up to 100% profit splits, and scaling lets you grow to $4 million. That’s huge for funded trading in Nigeria.
- Quick Support You Can Trust
Reviews highlight fast help via chat or phone, available globally. This makes The5ers a top choice, rated 4.8 on Trustpilot.
- No Time Pressure Helps You Succeed
Unlike others, The5ers has no time limits on challenges, letting you trade at your pace.
Overview of The5ers Funding Programs
The5ers funding programs give three options: High Stakes, Hyper Growth, and Bootcamp. Each lets you trade forex, metals, indices, energy, and crypto with the firm’s money once you pass.
The high stakes program is two-step challenge that has account sizes from $5,000 to $100,000, with fees from $39 to $545. You hit 8% profit in phase one and 5% in phase two, with 5% daily and 10% total loss limits. No time caps, but you need three profitable days per phase. The high stakes program scales every 10% profit, up to $4 million, with 80% to 100% splits.
Next, there is the hyper growth program. This is a one-step instant funding path. Sizes range from $5,000 to $20,000, costing $260 to $850. You aim for 10% profit with a 3% daily pause and 6% max loss. Hyper growth The5ers doubles your account each milestone, also to $4 million, starting at 50% split rising to 100%.
Finally, there is the bootcamp program. The5ers uses a three-step low-cost setup for this. Accounts from $100,000 to $250,000 cost $95 to $225 upfront, plus more when funded. Each phase targets 6% profit with 5% max loss (4% funded). Bootcamp The5ers has no time limits, mandatory stop-loss, and scales every 5% profit to $4 million.
1. In-Depth Review of the High Stakes Program
The High Stakes Program from The5ers is a two-step evaluation designed to identify skilled traders for funding.
Program Overview and Costs
The high stakes program The5ers offers account sizes ranging from $5,000 to $100,000, with entry fees between $39 and $545 depending on the chosen size.
This one-time fee gives you access to the high stakes challenge, with no refunds if you don’t succeed. The low starting cost makes it an accessible entry point for Nigerian traders.
Evaluation Process
The evaluation splits into two phases.
In phase one, you must achieve an 8% profit target while adhering to a 5% daily loss limit and a 10% total drawdown cap. You need at least three profitable days, each yielding 0.5% or more, with no strict time limit to complete. Trade forex, gold, indices, or cryptocurrencies with leverage up to 1:100.
Phase two requires a 5% profit target under the same loss constraints and three profitable days. Passing both earns you a funded account with the high stakes program The5ers.
Funded Account Benefits
Once funded, maintain the 5% daily and 10% total loss rules. Your first payout is available after 14 days, followed by bi-weekly requests with a $150 minimum.
The high stakes profit split begins at 80%, increasing to 100% as you scale. Options include bank transfers or cryptocurrency, ideal for Nigeria’s payment landscape.
Scaling and Growth Opportunities
Scaling is a standout feature of the high stakes program The5ers. Achieve a 10% profit increase, and your account grows by 25%. For example, $100,000 becomes $125,000.
You retain all profits without penalty, with potential to reach $4 million. At $350,000, you also earn a monthly salary.
Trading Rules and Restrictions
Key rules include a ban on news trading two minutes before and after major events.
Expert Advisors (EAs) are permitted with mandatory stop-loss settings, while copy trading is allowed but restricted above $500,000.
Overnight and weekend holding is fine. Violating these rules results in account termination.
Pros and Considerations
Our review of The5ers high stakes program for Nigerians indicate benefits like unlimited evaluation time, which suits Nigeria’s variable internet conditions, and high leverage for small capital gains.
However, the no-news rule may challenge you during volatile periods.
User feedback on X confirms fast payouts, often within hours.
Our Verdict
The high stakes program The5ers is good for confident traders looking for significant growth. With its high stakes profit split and scaling potential, it offers a robust path to funded trading.
2. In-Depth Review of the Hyper Growth Program
The Hyper Growth Program from The5ers lets you start trading with their money right away. In this review, we will explain how it works and if it’s right for you.
Program Overview and Costs
Hyper growth The5ers is a one-step instant funding option. You get account sizes from $5,000 to $20,000, with fees ranging from $260 to $850 based on the amount.
This higher cost gives you quick access without a challenge, perfect if you’re ready to trade now.
Evaluation and Trading Rules
You need to hit a 10% profit target to keep the account. The daily pause limit is 3%, and the total loss cap is 6%. No time limit applies, so you can work at your pace.
Trade forex, metals, indices, or crypto with 1:30 leverage. Hyper growth instant funding also allows news trading, unlike some programs, which suits active traders.
Funded Account Benefits
Once you meet the 10% target, you keep the account. Payouts start after 14 days, then every two weeks, with a $150 minimum.
Hyper growth The5ers offers a profit split starting at 50%, rising to 100% as you grow. You can use bank transfers or crypto, handy for Nigeria.
Scaling and Growth Potential
Scaling is a big plus with hyper growth The5ers. Earn 10% profit, and your account doubles. For example, $10,000 becomes $20,000. Keep scaling to reach $4 million.
You keep all profits, and at higher levels like $350,000, you get a monthly salary.
Trading Rules and Restrictions
Rules are simple: use stop-losses, no arbitrage, and avoid exploits.
Expert Advisors and copy trading are okay with limits.
Hold trades overnight or weekends without issues.
Break rules, and you lose the account.
Pros and Considerations
This The5ers hyper growth review shows benefits like instant access, which helps with Nigeria’s internet ups and downs. High profit splits motivate you.
But the higher fee and 3% daily pause need careful planning. Recent updates include contests offering free hyper growth instant funding spots.
X users praise quick payouts, usually same-day.
Our Verdict
For Nigerians, the The5ers hyper growth program is great if you can handle the upfront cost and risk. Start smart to make the most of it. This program suits you if you want fast funding and big growth.
3. In-Depth Review of the Bootcamp Program
The Bootcamp Program from The5ers is a three-step plan to get you funded safely. In this The5ers review, we will show you how it works and if it suits you.
Program Overview and Costs
Bootcamp The5ers offers account sizes from $20,000 to $250,000. Fees start at $95 for the smallest and go up to $225 for the largest, with extra costs when funded.
This low entry makes the bootcamp The5ers a good start for cautious traders.
Evaluation Process
The bootcamp challenge has three phases.
Each phase needs a 5% to 6% profit target. You face a 4% total loss limit when funded, or 5% during evaluation, with a 3% daily pause in some steps.
No time limit applies, so you can take it slow. Use 1:10 leverage to trade forex, metals, indices, or crypto.
Pass all three, and you get a funded account with bootcamp The5ers.
Funded Account Benefits
Once funded, stick to the 4% total and 3% daily loss rules. Payouts begin after 14 days, then every two weeks, with a $150 minimum.
Bootcamp low entry profit split starts at 50%, rising to 100% as you scale. Choose bank transfers or crypto, which works well in Nigeria.
Scaling and Growth Opportunities
Scaling with The5ers bootcamp happens every 5% profit. For example, a $20,000 account grows to $21,000, up to $4 million.
You keep all profits, and at higher levels like $350,000, you earn a monthly salary.
Trading Rules and Restrictions
Rules include a mandatory stop-loss per trade, no more than 2% risk. News trading is allowed, and EAs or copy trading are okay with limits.
Hold trades overnight or weekends fine. Break rules, and you lose the account.
Pros and Considerations
This The5ers bootcamp review highlights benefits like low fees and no time pressure. This is good for Nigeria’s unreliable internet. The bootcamp challenge suits you if you like safety first. But the three steps and strict loss limits need focus.
Contests offer free bootcamp low entry spots. X users note fast payouts, often within a day.
Our Verdict
The5ers Bootcamp program fits you if you want a safe path to funding. For Nigerians, this review suggests it’s perfect if you’re patient and follow rules.
The5ers Trading Rules, Objectives, and Risk Management
Let’s look at the rules and goals you need to follow with The5ers, and how they keep you safe.
Trading Rules
The5ers trading rules are clear to protect you and the firm. Break these rules, and you lose your account.
- Use stop-losses always.
- No tricks like arbitrage or system exploits.
- No news trading two minutes before or after big market moves in some programs like High Stakes.
- Expert Advisors and copy trading are okay with limits, and you can hold trades overnight or weekends.
Objectives
The profit target that will be set depends on the program. High Stakes needs 8% then 5%, Hyper Growth wants 10%, and Bootcamp asks for 5-6% per phase.
You must have three profitable days in High Stakes. Meet these goals within loss limits, and you get funded.
Risk Management
The5ers drawdown rules keep your losses in check.
Daily loss caps range from 3% to 5%, and total drawdown hits 4% to 10% based on your program.
The5ers risk management ensures you don’t lose too much, protecting both you and their money. Stick to these, and you stay in the game.
The5ers Supported Platforms, Instruments, Leverage, and Commissions
Let’s check out the tools The5ers gives you to trade.
Platforms
The5ers platforms use MetaTrader 5 (MT5) only.
It’s easy to download from their HUB after signup. MT5 has cool charts and tools for beginners and pros alike.
Instruments
The5ers trading instruments include forex, commodities like gold, indices, and cryptocurrencies. You get lots of choices to trade what you like.
Leverage
The5ers leverage varies by program. High Stakes offers up to 1:100, Hyper Growth gives 1:30, and Bootcamp provides 1:10.
This boosts your trades, but use it wisely.
Commissions
The5ers commissions are low. Spreads start tight, often zero on some pairs. No extra fees for scaling, which saves you money. Check MT5 for exact costs.
The5ers Payouts, Scaling Plans, and Profit Splits
Let’s break down how you get paid and grow with The5ers.
Payouts
The5ers payouts start after 14 days from the date you are funded, then every two weeks. You need at least $150 to withdraw. Choose bank transfers, crypto, or cards since they are widely used in Nigeria.
Users on X say The5ers payouts often hit within hours.
Scaling Plans
The5ers scaling plan lets your account grow. Make 10% profit in High Stakes or Hyper Growth, and it jumps 25% or doubles.
Bootcamp scales every 5%. Reach up to $4 million. No extra fees, and you keep all profits.
Profit Splits
The5ers profit split begins at 50% in Hyper Growth and Bootcamp, 80% in High Stakes. It rises to 100% as you scale.
At $350,000+, you get a monthly salary too. This monthly payout The5ers offers boosts your earnings.
The5ers Legitimacy, Regulation, and Safety for Nigerian Traders
Legitimacy
The5ers is a real company that gives skilled traders, including you in Nigeria, a chance to trade with its money. It’s not a scam because it follows strict fairness rules.
Since it doesn’t take your money, it doesn’t need a Nigerian regulation license, making it a global option for Nigerian traders.
Regulation
The5ers doesn’t follow Nigerian regulation like the CBN or SEC because it uses its own funds. Instead, it has its own safety checks, like loss limits and cheat detection.
This keeps things secure, but it’s different from local oversight.
Safety
The5ers protects your information with encryption and pauses suspicious accounts. As a Nigerian trader, you can feel safe, but always read the rules and trade wisely to avoid risks.
Also Read: All HFM Account Types in Nigeria Explained
Pros and Cons of The5ers for Nigerians
Let’s examine the advantages and disadvantages of The5ers for you in Nigeria.
Pros
- Low fees starting at $39, which suit tight budgets.
- Fast support via chat or phone, even with unreliable internet.
- You benefit from flexible trading rules, such as no time limits, and payouts reaching up to a 100% profit share.
- The advantages of The5ers for Nigeria also include cryptocurrency payments, avoiding bank delays.
- Scaling up to $4 million provides significant growth opportunities.
Cons
- Strict loss limits, such as a 5% daily cap, which can be challenging.
- High instant funding fees, starting at $260, might strain your finances.
Comparing The5ers with Other Top Prop Firms in Nigeria
Let us compare how The5ers stacks up against other top proprietary trading firms in Nigeria. This will help you pick the best option.
Fees and Costs
First, let’s look at fees and costs.
The5ers starts at $39, which is super affordable compared to others.
For example, some firms like FundedNext charge higher fees, while RebelsFunding offers low entry costs starting at $25.
This means The5ers gives you a good deal if you’re watching your budget.
Profit Split
Next, profit split is key.
The5ers lets you keep up to 100% of your profits, which is amazing.
Other firms like FTMO and FundedNext offer up to 90%, but The5ers stands out by giving you more earnings to hold onto.
Trading Flexibility
Trading flexibility matters too.
The5ers has no time limits, letting you trade at your own pace.
Compare this to Hola Prime, which has a two-step evaluation process. This makes The5ers easier if you like freedom in your trading schedule.
Support and Payments
Finally, support and payments are important. The5ers offers fast chat and phone support, plus crypto payments, which avoids the common issue of bank delays.
Firms like FundedTrader also support crypto, but The5ers’ quick help stands out for you in Nigeria.
FAQs on The5ers Prop Funding in Nigeria
1. Is The5ers a legitimate and reliable prop firm, and are they paying out like FTMO and FundedNext?
Yes, The5ers is legitimate since 2016 with a 4.8/5 Trustpilot rating. Payouts via bank or crypto are reliable every two weeks after 14 days, matching FTMO and FundedNext with no major issues in Nigeria.
2. What are the rules and challenges of The5ers, and how easy is it to pass their evaluations?
Rules include 4-10% drawdown, mandatory stop-loss, and no arbitrage. Challenges (1-3 steps) require 5-10% profit with no time limits (except three profitable days in High Stakes). It’s manageable for disciplined traders, easier than FTMO.
3. Does The5ers offer a bootcamp for beginners and professionals, and how can one join?
Yes, Bootcamp starts at $95 for $20K-$250K accounts with 1:10 leverage, scaling to $4M. Join by signing up at the5ers.com, selecting Bootcamp, and paying with Visa/Mastercard.
4. How does The5ers handle draw-downs during challenges compared to the funded stage?
Challenges allow 5-10% total drawdown with up to 5% daily. Funded stage tightens to 4-6% total and 3-5% daily to protect capital.
5. What virtual card works best for The5ers payments in Nigeria?
Use Visa or Mastercard virtual cards from Zenith or GTB, as The5ers accepts credit/debit cards. Crypto and PayPal aren’t supported.
6. How can Nigerian traders join The5ers’ Discord for community support?
The5ers has no Discord; join their Telegram or Facebook groups via the5ers.com community links for support.
7. Does The5ers offer a free trial account for traders to practice?
No free trial, but weekly contests offer free High Stakes accounts. Start with a $39 challenge to practice.
8. What is the maximum account allocation and scaling potential with The5ers?
Start with up to $250K, scale to $4M with 5-10% profits, and earn a monthly salary at $350K+.
9. How does The5ers compare to other prop firms in terms of platform (e.g., using MT5) and fees like swap charges?
The5ers uses MT5 with advanced tools. Fees ($39-$850) beat FundedNext, and swap charges on commodities/indices are lower than FTMO.
10. Are there any reported payout denial issues with The5ers, similar to other prop firms?
No widespread denials like other prop firms. Payouts process in hours to days. Strong Trustpilot feedback from Nigerians confirms reliability.
How to Get Started with The5ers in Nigeria
- Visit the Website: Go to the5ers.com and click “Get Started” on the homepage to begin.
- Create an Account: Enter your email, full name, and select Nigeria as your country. Verify your email with the link sent to you.
- Select a Program: Choose from Bootcamp ($20K-$250K, 5-6% profit target), Hyper Growth ($5K-$20K, 10% target), or High Stakes ($5K-$100K, 8% then 5% target). Fees range from $95 (Bootcamp) to $850 (Hyper Growth).
- Make Payment: Pay the evaluation fee using a Visa or Mastercard. Crypto and PayPal are not accepted. Fees are non-refundable.
- Start Trading: Use the MetaTrader 5 (MT5) platform on a demo account. Follow rules like a 4-10% max drawdown and mandatory stop-losses. No time limits apply.
- Get Funded: Pass the evaluation to manage funded capital (scalable to $4M) with up to 100% profit split and bi-weekly payouts (minimum $150).
- Seek Support: Contact support via live chat or phone for assistance.
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