For Traders vs The5ers - Prop Firm Comparison
Introduction
When comparing prop trading firms, For Traders and The5ers each offer distinct paths to funded trading. For Traders is Dubai, UAE-based, founded in 2023, and is known for Multiple challenge formats including 3-Step and Instant, MT4, MT5, and cTrader platform support. It holds a Not yet rated Trustpilot rating. The5ers, based in Israel, was founded in 2016 and stands out for Established since 2016 – strongest track record, Scales up to $4M, holding a 4.7/5 (27,591 reviews) Trustpilot rating. Both firms provide paths to funded accounts, but their evaluation structures, pricing, and trader benefits differ in key ways that may suit different trader profiles.
Quick Comparison |
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|---|---|---|
| Feature | For Traders | The5ers |
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 |
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| Founded | 2023 (Dubai, UAE) | 2016 (Israel) |
| Trustpilot Rating | Not yet rated | 4.7/5 (27,591 reviews) |
| Minimum Evaluation Cost | Check firm site | $75 |
| Profit Split | up to 90% | up to 100% |
| Evaluation Phases | 1-Step, 2-Step, 3-Step, Instant | 2-Step, 1-Step (Hyper Growth) |
| Refundable Fee | Yes | No |
| Review | Read full review | Read full review |
Program Types – Which experience fits your goals? |
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|---|---|---|
| Program | For Traders | The5ers |
| Main Evaluation Format | 1-Step, 2-Step, 3-Step, Instant | 2-Step, 1-Step (Hyper Growth) |
| Account Sizes | $10K, $25K, $50K, $100K | $5K, $10K, $25K, $50K, $100K |
| Time Limits | Min 5 trading days | No time limit |
| Scaling Plan | Yes | Yes |
| One-Step Option | Yes | Yes |
Assessment Criteria – How can you pass the test? |
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|---|---|---|
| Criteria | For Traders | The5ers |
| Profit Target | Phase 1: 8-10% (varies by plan) / Phase 2: 5% (2-Step) | Phase 1: 10% / Phase 2: 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Overall Loss | 10% | 10% |
| Minimum Trading Days | 5 | None |
| Holding Positions | Overnight only | Overnight & weekends |
| News Trading | Restricted (3-min window) | Allowed |
| Trading Hours | 24/5 (standard markets) | 24/5 (standard markets) |
Fees and Pricing – How much will you pay? |
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|---|---|---|
| Option | For Traders | The5ers |
| $10K Account | Available – from Check firm site (entry) | Available – $69 (entry) |
| $25K Account | Available – from Check firm site (entry) | Available – $176 (entry) |
| $50K Account | Available – from Check firm site (entry) | Available – $278 (entry) |
| $100K Account | Available – from Check firm site (entry) | Available – $491 (entry) |
| $200K Account | Not offered | Not offered |
| Reset Fee | ~50% of initial fee (check firm site) | ~50% of initial fee (check firm site) |
| Coupons | Coupon / Discount | Coupon / Discount |
| Review | Read full review | Read full review |
Platforms/Tools – What can you use? |
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|---|---|---|
| Feature | For Traders | The5ers |
| Trading Platforms | MT4, MT5, cTrader | MT5 |
| Dashboard Interface | Yes – trader dashboard | Yes – trader dashboard |
| Performance Analytics | Included | Included |
| Mobile Access | Yes | Platform-dependent |
| Demo Accounts | Available on request | Available on request |
Available Markets – What can you trade? |
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|---|---|---|
| Market | For Traders | The5ers |
| Forex | Available (major, minor, exotic pairs) | Available (major, minor, exotic pairs) |
| Indices | Major global indices | Major global indices |
| Commodities | Gold, silver, oil, natural gas | Gold, silver, oil, natural gas |
| Crypto | Not offered | Available (crypto via CFD) |
| Stocks/Equities | Not offered | Not offered |
Trader Benefits – What perks will you receive? |
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|---|---|---|
| Benefit | For Traders | The5ers |
| Profit Split | up to 90% | up to 100% |
| Payout Frequency | On-demand | Bi-weekly |
| Payout Speed | 1-3 business days | 1-3 days |
| Scaling Opportunities | Yes – account scaling plan | Yes – account scaling plan |
| Educational Resources | Yes | Yes |
| Customer Support | Email and live chat | Email and live chat |
Technical Capabilities |
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|---|---|---|
| Feature | For Traders | The5ers |
| Max Leverage | 1:100 | Up to 1:100 (High Stakes); 1:30 (other programs) |
| EA / Algo Trading | Expert Advisors (MT4/MT5), cBots (cTrader) | Expert Advisors (MT5) |
| Copy Trading | Not permitted | Own accounts only |
| News Trading | Restricted (3-min window) | Allowed |
| Overnight Holding | Yes | Yes |
| Weekend Holding | No | Yes |
Conclusion and Final Recommendation |
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|---|---|---|
| Key Element | For Traders | The5ers |
| Strengths | Multiple challenge formats including 3-Step and Instant / MT4, MT5, and cTrader platform support / Operations in 130+ countries | Established since 2016 – strongest track record / Scales up to $4M / Israeli-regulated structure |
| Weaknesses | No crypto spot trading / News trading restricted (3-min window rule) / Copy trading not permitted | MetaTrader 5 only (no cTrader or TradingView) / Two-phase evaluation on High Stakes / Max funded account $100K (below some competitors) |
| Best For | Forex traders wanting flexible evaluation formats | Conservative traders who prioritise firm stability |
| Final Grade | 3.75/5 | 4.35/5 |
| Discount Codes | Get Discount | Get Discount |
| Review | Read full review | Read full review |
FAQ
What makes For Traders stand out among prop firms?
For Traders, based in Dubai, UAE, was founded in 2023 and is best known for multiple challenge formats including 3-step and instant, mt4, mt5, and ctrader platform support. With a minimum evaluation cost of Check firm site and a up to 90% profit split, it offers a developing value proposition for forex traders wanting flexible evaluation formats.
How does The5ers differ from other prop firms?
The5ers, based in Israel and founded in 2016, differentiates itself through Established since 2016 – strongest track record, Scales up to $4M. With a up to 100% profit split and 2-Step, 1-Step (Hyper Growth) evaluation, it is particularly suited to conservative traders who prioritise firm stability.
Which firm offers better payouts – For Traders or The5ers?
For Traders offers a up to 90% profit split with On-demand payouts processed in 1-3 business days. The5ers offers a up to 100% profit split with Bi-weekly payouts in 1-3 days. The better choice depends on whether you prioritise split percentage or payout frequency.
Are these prop firms suitable for beginners?
Both firms can accommodate beginners, but with different considerations. For Traders is best suited to Forex traders wanting flexible evaluation formats, while The5ers is better aligned with conservative traders who prioritise firm stability. New traders should start with the smallest available account size and thoroughly review all rules before committing.
What happens if I fail the evaluation at either firm?
Most prop firms allow traders to purchase a reset to restart their evaluation phase, typically at 40-50% of the original fee. Neither firm penalises future attempts based on previous failures. Check each firm’s official site for current reset pricing and terms.
How was this Comparison Created?
1. We Collect
Our research team gathered data directly from the official websites, terms of service documents, and public communications of both For Traders and The5ers. We supplemented this with verified user reviews on Trustpilot and trading community forums, and consulted active traders with first-hand experience at each firm.
2. We Examine
Our team of professional traders verified all information, cross-checking accuracy against each firm’s current platform, evaluation parameters, and pricing pages. Special attention was paid to profit split structures, drawdown rules, and payout conditions to ensure our assessment reflects the real trader experience.
3. We Score
We apply a scoring methodology across seven key categories: evaluation structure, trading conditions, costs and fees, platform quality, profit potential, customer support, and educational resources. Each category is weighted by importance to traders at different experience levels.
4. You Choose
This comparison is designed to help you identify which firm better aligns with your trading style, experience level, and goals. Consider your priorities – evaluation flexibility, profit split, platform preference, and firm track record – then visit each firm’s full review on JoinProp for the complete picture. Read the For Traders review or read the The5ers review to go deeper.
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