The Concept Trading vs The5ers: Elite Prop Firms Comparison
Introduction
The Concept Trading and The5ers are two prominent prop trading firms that offer aspiring traders pathways to professional trading careers. The Concept Trading stands out for its innovative dual account system and more flexible trading parameters, earning it a solid 4.7/5 on Trustpilot. The5ers is widely recognized for its two-phase evaluation model and scaling opportunities, boasting an impressive 4.8/5 Trustpilot rating. Both firms provide funded accounts to successful traders, but their approaches to evaluation, profit splits, and scaling options differ significantly, making each better suited for different types of traders.
Quick Comparison
|
| Feature |
The Concept Trading |
The5ers |
|
 |
|
| Founded |
2021 |
2016 |
| Trustpilot Rating |
4.7/5 (200+ reviews) |
4.8/5 (1,700+ reviews) |
| Evaluation Model |
Dual Account System |
Two-Phase Challenge |
| Profit Split |
Up to 90% |
Up to 70% |
| Account Sizes |
$10K to $200K |
$10K to $80K |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
The Concept Trading |
The5ers |
| Evaluation Model |
Dual Account System: Trade with evaluation and real accounts simultaneously |
Two-Phase Model: Pass Level 1, then complete Level 2 to receive funding |
| Advanced Program |
Concept 2.0: Higher profit splits with greater account growth milestones |
Rapid: One-phase evaluation with accelerated funding |
| Instant Funding |
Available through Express account options |
Available through Instant Funding program |
| Scaling Options |
Account doubling after 10% profit |
Account growth up to $4M through milestone achievements |
| Demo/Trial |
Free 7-day trial available |
No free trial, paid evaluations only |
Assessment Criteria – How can you pass the test?
|
| Criteria |
The Concept Trading |
The5ers |
| Profit Target |
8-10% depending on account size |
6% for Level 1, 5% for Level 2 |
| Maximum Drawdown |
5% daily, 10% overall |
4% daily, 8% overall |
| Minimum Trading Days |
5 trading days |
15 trading days for Level 1, 30 days for Level 2 |
| Time Limit |
No time limit |
Phase 1: No time limit, Phase 2: 60 days |
| News Trading |
Allowed |
Restricted during major economic events |
| Weekend Holding |
Allowed |
Allowed with position size limitations |
| Account Reset |
Available after 14 days for free |
Available for a fee |
Fees and Pricing – How much will you pay?
|
| Option |
The Concept Trading |
The5ers |
| $10K Account |
$99 |
$275 (Standard), $330 (Rapid) |
| $25K Account |
$149 |
$375 (Standard), $440 (Rapid) |
| $50K Account |
$199 |
$475 (Standard), $550 (Rapid) |
| $100K Account |
$299 |
$875 (Standard), $990 (Rapid) |
| $200K Account |
$599 |
Not available |
| Monthly Fees |
None |
None |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Platform |
The Concept Trading |
The5ers |
| Trading Platform |
MetaTrader 4, MetaTrader 5 |
MetaTrader 5 only |
| EAs/Algorithms |
Allowed with restrictions |
Allowed with restrictions |
| Dashboard |
Comprehensive trader dashboard with analytics |
Detailed trader dashboard with performance metrics |
| Mobile Access |
Available through MT4/MT5 mobile apps |
Available through MT5 mobile app |
| Analytics |
Basic performance metrics |
Advanced analytics and reporting tools |
Available Options/Products
|
| Product |
The Concept Trading |
The5ers |
| Tradable Assets |
Forex, Indices, Commodities, Cryptocurrencies |
Forex, Indices, Commodities, Cryptocurrencies, Stocks |
| Account Types |
Standard, Aggressive, Express |
Standard, Rapid, Instant Funding |
| Maximum Account Size |
Up to $1M through scaling |
Up to $4M through scaling |
| Education Resources |
Basic educational materials and webinars |
Extensive educational content, community forums, and regular webinars |
| Community Access |
Discord community |
Trading community hub and Telegram group |
Technical Capabilities/Performance
|
| Feature |
The Concept Trading |
The5ers |
| Execution Speed |
Average latency of 45ms |
Average latency of 40ms |
| Maximum Leverage |
1:100 |
1:30 |
| Spreads |
Low institutional-grade spreads |
Competitive spreads with minimal markup |
| Withdrawal Processing |
1-3 business days |
2-4 business days |
| Account Setup Time |
Same day access |
24-48 hours setup time |
| Server Stability |
99.5% uptime |
99.8% uptime |
Trader Support and Communication
|
| Support Option |
The Concept Trading |
The5ers |
| Customer Support Hours |
24/5 support via chat and email |
24/5 support via chat, email, and phone |
| Average Response Time |
Within 6 hours |
Within 4 hours |
| Training Resources |
Basic video tutorials and documentation |
Comprehensive learning center, webinars, and coaching |
| Community Engagement |
Weekly webinars and monthly trading contests |
Daily market analysis, weekly webinars, and active community events |
| Multilingual Support |
English, Spanish |
English, Spanish, Portuguese, German, French |
Conclusion and Final Recommendation
|
| Key Element |
The Concept Trading |
The5ers |
| Strengths |
Dual account evaluation system, higher profit splits (up to 90%), more lenient trading parameters, lower entry costs, free account resets |
Established industry reputation, extensive scaling options (up to $4M), comprehensive educational resources, larger trader community, more tradable assets |
| Weaknesses |
Newer company with less track record, limited educational resources, smaller maximum account size, fewer language options |
More stringent evaluation criteria, longer assessment periods, higher entry costs, lower profit splits, limited platform options |
| Best For |
Budget-conscious traders, aggressive traders who prefer flexible parameters, traders looking for quicker funding with higher profit splits |
Long-term career traders, methodical traders who focus on consistency, traders seeking substantial scaling opportunities and educational resources |
| Final Grade |
4.5/5 |
4.7/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes The Concept Trading popular among users?
The Concept Trading has gained popularity for its innovative dual account system, which allows traders to trade on both evaluation and real accounts simultaneously. This unique approach, combined with higher profit splits (up to 90%), more flexible trading parameters, and significantly lower entry fees compared to competitors, appeals to traders who want faster funding with fewer restrictions. Their free account reset policy and absence of time limits for completing challenges also makes them attractive to traders who prefer a less pressured evaluation process.
How does The5ers differ from other similar organizations?
The5ers stands out with its comprehensive scaling plan that can take traders from small accounts up to $4 million, which is among the highest in the industry. Their two-phase evaluation process is designed to identify consistent, disciplined traders rather than just those who can hit profit targets. The firm is also known for its extensive educational resources, active trader community, and exceptional customer support. Unlike many competitors, The5ers offers stock trading in addition to forex and other assets, and their impressive 5+ years in business gives them credibility many newer prop firms lack.
Which has better profit-sharing terms between The Concept Trading and The5ers?
The Concept Trading offers more attractive profit-sharing terms with up to 90% profit splits for traders, compared to The5ers’ maximum of 70%. The Concept Trading’s profit split starts at 80% and increases as traders reach certain milestones, while The5ers typically starts at 50% for most programs and increases to 70% with account growth. However, it’s important to consider that The5ers’ scaling program can lead to significantly larger account sizes over time, which might compensate for the lower percentage split for high-volume traders.
Are there significant differences in the evaluation processes?
Yes, the evaluation processes differ substantially. The Concept Trading uses a dual account system where traders immediately trade on both an evaluation account and a real account, with profits from the real account being paid out from day one if targets are met. Their evaluation has no time limit and requires only 5 trading days. The5ers employs a traditional two-phase challenge model with their standard program, requiring traders to first pass Level 1 and then complete a more extended Level 2 evaluation (with 15 and 30 minimum trading days respectively). The5ers’ Rapid program condenses this to a single phase but still requires more trading days than The Concept Trading’s evaluation.
Which firm is better for beginners vs. experienced traders?
Beginners might find The Concept Trading more accessible due to its lower entry costs, simpler evaluation structure, and more lenient trading parameters. The absence of time pressure also allows new traders to develop at their own pace. Experienced traders looking for long-term career development might prefer The5ers for its established reputation, comprehensive educational resources, and substantial scaling opportunities that can lead to managing multi-million dollar accounts. The5ers’ more stringent criteria tend to favor disciplined, consistent traders who have already developed solid risk management skills.
How was this 2 companies Comparison Created?
1. We Collect
Our comparison process begins with extensive data collection from multiple sources. We analyze both companies’ official websites, terms of service documents, and program specifications. We supplement this with verified user reviews from Trustpilot, TrustScore, and trading forums. We also gather feedback directly from active traders currently using both platforms, and monitor social media channels for user experiences and company announcements. This multi-source approach ensures we capture both official information and real-world trader experiences.
2. We Examine
All collected information undergoes rigorous verification and analysis by our team of professional traders and financial analysts with direct experience in prop trading. We test both platforms when possible, comparing stated policies against actual implementation. We verify fee structures, profit-sharing terms, and scaling opportunities. Each evaluation criterion is assessed multiple times to ensure accuracy, with particular attention to how rules are enforced and exceptions handled. This hands-on examination reveals the practical realities of trading with each firm.
3. We Score
Our scoring methodology evaluates both companies across 15 key categories including pricing, platform reliability, evaluation difficulty, profit split terms, scaling options, customer support quality, educational resources, and long-term viability. Each category receives a weighted score based on its importance to traders, with critical factors like payout reliability and risk parameters weighted more heavily. Scores are normalized on a 5-point scale, with detailed notes explaining strengths and weaknesses in each area. This creates a balanced, comprehensive assessment.
4. You Choose
With our detailed comparison in hand, consider your personal trading style, experience level, and financial goals. If you’re seeking higher profit splits with more flexible trading parameters and lower entry costs, The Concept Trading might be your ideal match. If you value established reputation, extensive educational resources, and significant scaling opportunities for long-term growth, The5ers could better serve your needs. Remember that the “best” option depends entirely on your individual circumstances and trading objectives.
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