Prop Firm Challenge With No Time Limit | The 5ers Prop Firm High Stakes Challenge ( Full Review )

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Prop Firm Challenge With No Time Limit – High Stakes Review (Video Script)

Hey there, traders! Welcome back to our channel. In today’s video, we have an exciting topic to discuss – the highly anticipated review of The 5ers Prop Firm’s High Stakes Challenge. A prop firm challenge with no time limit!

If you’ve been considering joining a prop trading firm or are curious about the opportunities they offer, this video is for you. We’ll dive deep into the details and provide a comprehensive review of The 5ers Prop Firm’s High Stakes Challenge. So hit that like and subscribe button below and lets dive into the main content…
and let’s get started!

What is The 5ers Prop Firm?

First things first, let’s give a brief introduction to The 5ers Prop Firm. They are a renowned prop trading firm that provides traders with the opportunity to trade the firm’s capital while keeping a portion of the profits. The High Stakes Challenge is one of their flagship programs designed for skilled traders who are looking to take their trading to the next level.

This program offers traders the chance to trade a live account with substantial buying power. We’ll explore the specific parameters, such as the account size, profit split, and risk management guidelines that participants need to adhere to.

High Stakes Qualification Process

To join The 5ers Prop Firm’s High Stakes Challenge, traders need to go through a qualification process. We’ll provide an overview of the evaluation criteria, including trading performance, risk management, and consistency. We’ll also discuss the available trading platforms and the steps involved in the qualification process.

I hope you enjoy the video review of High Stakes, a Prop Firm Challenge With No Time Limit!

TRADING RESOURCES 

TRADING SOFTWARE

👉 Get FUNDING for Trading with the 5ers 

📈 TradingView charts FREE TRIAL – Sign up here!

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ 

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT

🌟 FOREX TESTER 5 – 10% discount use ‘MFTRADING’

📝 DOWNLOAD Trading log book 

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TRADING PROP FIRMS REVIEW – The Dark side of Prop Firms- 6 Bad Habits

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TRADING PROP FIRMS REVIEW

This video shares a trading prop firms review, looking at the dark side of trading with prop firms. Including 6 bad habits that can be fostered whilst trading with prop firms.

I have traded with different prop firms including the 5%ers and My Forex Funds. In this video, I look at the effect prop firms can have and how they can negatively impact trading performance.

I hope you enjoy!

TRADING RESOURCES 

TRADING SOFTWARE

👉 Get FUNDING for Trading with the 5ers 

👉 Get FUNDING with FTMO

🤖 4XDev– Create your own EA’s, indicators & trading robots. Use promo code ‘MINDFULLY10‘ for a discount!

👉 RECOMMENDED VPS – ForexVPS

📈 TradingView charts FREE TRIAL – Sign up here!

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ 

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT

🌟 FOREX TESTER 5 – 10% discount use ‘MFTRADING’

📝 DOWNLOAD Trading log book 

Ready to become a Successful Trader?

Sign up below to receive a FREE Forex Trading Plan. Including examples, templates & tips for trading success!

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FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

SIMPLE Swing Trading Strategy Using Price Action

BEST TRADING PROP FIRM 2023 | The 5ers Review New Funding Ecosystem

This article may contain affiliate links.

This video shares more information about the prop firm the 5ers. 

The 5ers offer a variety of funding options for traders. Whether you are a swing trader, day trader or you prefer the fast action of scalping the live markets. The 5ers have a funding program suited for you.

They offer fair rules to respect and realistic targets to achieve within the maximum time period. If you successfully pass their funding program, you can access their company capital to trade in return for a profit split which increases the more that you make.

The 5ers new ecosystem is very exciting and accommodating for all traders. Which is why I believe them to be the best trading prop firm 2023.

Find out more about the 5ers trading funding programs here!

BEST TRADING PROP FIRM 2023

There are many different prop firms out there for funding for trading.

In this video, I share the 5ers review of their new funding ecosystem and what they offer you for funding options for trading. Their new funding ecosystem is super exciting as they now have a range of funding options and programs available.

Which, in my opinion, makes them one of, if not, the best trading prop firm 2023.

What do you think? Let me know in the comments below!

Want more information on what a prop firm actually is? Check out this description on Investopedia. 

TRADING RESOURCES 

TRADING SOFTWARE

👉 Get FUNDING for Trading with the 5ers 

👉 Get FUNDING with FTMO

🤖 4XDev– Create your own EA’s, indicators & trading robots. Use promo code ‘MINDFULLY10‘ for a discount!

👉 RECOMMENDED VPS – ForexVPS

📈 TradingView charts FREE TRIAL – Sign up here!

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ 

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT

🌟 FOREX TESTER 5 – 10% discount use ‘MFTRADING’

📝 DOWNLOAD Trading log book 

Ready to become a Successful Trader?

Sign up below to receive a FREE Forex Trading Plan. Including examples, templates & tips for trading success!

GET FOREX TRADING PLAN!

You have Successfully Subscribed!

You can unsubscribe anytime. For more details, review our Privacy Policy

FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

SIMPLE Swing Trading Strategy Using Price Action

FTMO VS THE5ERS – WHICH IS BETTER? PROP FIRM COMPARISON REVIEW

This article may contain affiliate links.

FTMO VS THE5ERS – WHICH IS BETTER? PROP FIRM COMPARISON REVIEW

👉 Get FUNDING for Trading with the 5ers – http://bit.ly/3qOMtfH

👉 Get FUNDING with FTMO – https://bit.ly/3r2kTLw

This video shares a complete breakdown of FTMO Vs The5ers, an in depth trading prop firm comparison.

Comparing different stats including; trading account sizes, markets available to trade, leverage, spreads, profit splits, restrictions etc. Check out this prop firm review to see which is better – FTMO or The5ers.

I hope you enjoy!

TRADING RESOURCES 

TRADING SOFTWARE

👉 Get FUNDING for Trading with the 5ers – http://bit.ly/3qOMtfH

👉 Get FUNDING with FTMO – https://bit.ly/3r2kTLw

👉 RECOMMENDED VPS – ForexVPS

📈 TradingView charts FREE TRIAL – https://bit.ly/2GxaC8O

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ – https://mindfullytrading.com/magickeys

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT – https://bit.ly/3z2W9ro

🌟 FOREX TESTER 5 – 10% discount use ‘MFTRADING’

📝 DOWNLOAD Trading log book 

Ready to become a Successful Trader?

Sign up below to receive a FREE Forex Trading Plan. Including examples, templates & tips for trading success!

GET FOREX TRADING PLAN!

You have Successfully Subscribed!

You can unsubscribe anytime. For more details, review our Privacy Policy

FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

SIMPLE Swing Trading Strategy Using Price Action

FTMO Vs My Forex Funds 2022 – Which is Better?

This article may contain affiliate links.

Find more about the prop firms FTMO and My Forex Funds here.

FTMO Vs My Forex Funds 2022 – Which is Better?

Last year I shared a video comparing the prop firms FTMO and My Forex Funds, to see which was the better choice for funding for trading.

Since then, a lot has changed and so I have created this new updated video, comparing FTMO vs MFF…

Which one will be the better option for funding?

If you prefer to read about it then read on!

Before I get started with this comparison, I just want to clarify what I am comparing.

The normal trading account challenge by….

VS

The evaluation challenge by my forex funds.

Both companies offer other challenges as well but these are the ones I have focused on.

Lets look at the different account sizes both companies have to offer.

Max drawdown

Ftmo = 10%

Mff = 12%

So my forex funds does give you a little bit more room on their account challenge, for max drawdown.

Daily drawdown

Daily drawdown is the max amount of loss that you can take in one day.

Both ftmo and my forex funds  have the same 5% max daily drawdown.

The Challenge itself.

Stage One.

 30 days maximum to hit their profit target which is 10%

If you manage to hit the profit target within the allocated time, respecting the rules, then ftmo will progress you on to stage two.

Stage Two.  Verification phase.

You have up to 60 days to hit a reduced profit target of 5%

Minimum of 10 trading days to pass the challenge.

Stage One. Evaluation Stage

They give you up to 30 days to achieve their profit target 8%

If you manage to hit eight percent profit, respecting their rules and within the allocated time you progress on to stage two. 

Stage Two. Establishment Phase

In this phase you have up to 60 days to hit the profit target 5% 

Minimum of 5 trading days to pass the challenge.

Leverage

Both FTMO and MFF offer 1:100 leverage on these accounts.

FTMO have introduced a new swing trading account which has some
slightly different rules.  It gives a reduced leverage of 1 to 30.

Restrictions

FTMO

News Trading, you you cannot trade any currency pair that has any major news
releases coming out .

No weekend holds for their general account.

FTMO do not have any restrictions at all when it comes to strategy and also EAs (which are allowed). 

My Forex Funds

MFF don’t have any restrictions when it comes to News Trading or Weekend Holds. 

However MFF do have a couple of restrictions when it comes to EAs. They only allow you to use a trade copy EA. Only if you are copying your own trades, they wouldn’t allow you to trade from somebody else’s trade copier.

They also have a restriction on EAs so they only let you use EAs that are going to
help your trading. For example a risk management EA such as magic keys.

EAs such as automated trading bots or signal services are not allowed. 

Profit Splits

One of the most important things when it comes to prop firms is the profit split.

FTMO

FTMO have recently increased their profit split in favour of the trader.
Previously their profit split was 70/30. Now they are offering an 80/20 profit split on their trading accounts. They also offer the opportunity for an increased profit split to 90/10.

My Forex Funds

MFF also offer an interesting plan when it comes to profit splits. The plan is spread over three months.

In month one MFF offer a 75/25 profit split.

In month two that’s increased to 80/20.

In month three they offer 85/15 all these are in favour of the trader.

Accessing profits

FTMO- Payment on demand (payment within 14 days). Or they allow you to set up a day that you want to withdraw your profit monthly.

MFF- Bi-Weekly. The first payment is carried out one month after the first month of trading the live account. Then it falls into the bi-weekly pattern for payments.

Refunds

FTMO

FTMO do offer a full refund, of what you paid to take the account challenge, once you have passed. They pay the refund with the first profit split payment.

MFF

MFF offer the same as FTMO, a full refund of what you paid to take the account challenge, once you have passed.

But they offer just a little bit more. They also pay an additional 12% of those fees as a bonus payment. They also offer a percentage bonus from both stage one and stage two’s earnings.

Don’t hit the profit target in time?

FTMO- if you manage to finish green on your account and you’ve respected the rules, but didn’t quite hit the 10% profit target they give you the option for a free retake.

Also if your green up until three days before the challenge ends you can request an extension of 14 days.

MFF

They also offer you a free extension, you keep the profit you have made on the account and keep going from there.

Where they differ is that they offer unlimited free retakes, as long as you don’t blow up the account, finish green, and have respected the rules. But each new retake resets the account, so you have to start again from scratch.

Scaling

One of the most important things when it comes to prop firms is the ability to scale up the account.

Both FTMO and MFF have their own very interesting methods when it comes to scaling.

FTMO

Scaling up the FTMO Account takes place in four-month cycles. You have to generate at least 10% of net profit, in four consecutive monthly cycles (i.e., the average of at least 2.5% net profit per month in normal account type). At the same time, the trader has to process at least 2 pay outs within the 4 months period.

Also that your account balance has to be above the initial account balance (in profit) at the time of scale-up.

You get an upgraded Profit Split to 90/10. You can scale-up all the way to a $2,000,000 per trader.

MFF

 If you have achieved a profit of 10% or more within a 4 month period and at least 2 of those 4 months were profitable, we will increase your account size by 30% of the original account size.
For example:
If you have a $100,000 account, your account size will increase to $130,000 on your next scale up,
then $160,000,
then $190,000,
and so on.

The max capital you can have with MFF is $600,000 But this has to be split over multiple accounts as the max singular account you can have is $300,000.

What markets are available? 

FTMO

You can trade all the instruments and assets that are available in your trading platform (Forex, Indices, Commodities, Stocks, Crypto,…)

MFF

Spreads 

FTMO

They say they give you Raw-Spreads.  $3 per lot commissions.

Definition;  A raw spread is when you have the best possible forex conditions the market has to offer traders. It is great because it offers you the genuine underlying price of the instrument without a mark-up price. https://www.brokereviews.com

You can’t actually see an example of the spreads on their website but with FTMO you can actually create a free account, to see for your self. So I encourage you to check them out if you want to know 👉FTMO👈 link here.

MFF

MFF offer Raw-spread accounts. They also offer low commissions, three dollars per lot.

In my personal experience forex fund spreads do vary a little bit. I can tell you that it wasn’t exactly raw spreads. I did find their spreads to be very fair. Because I was using a swing trading strategy, the spreads weren’t as important as they would be if you were scalping. 
But generally with MFF the spreads were between one to two pips. 

Hope this quick comparison round up has put things into a better perspective for you about both companies. Happy trading!

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT – Sign up with MFF here

👉 Click for more information about prop firm funding with FTMO

TRADING RESOURCES 

TRADING SOFTWARE

👉 RECOMMENDED VPS – ForexVPS

📈 TradingView charts FREE TRIAL – https://bit.ly/2GxaC8O

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ – https://mindfullytrading.com/magickeys

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT – https://bit.ly/3z2W9ro

👉 Get FUNDING for Trading 5%ers – http://bit.ly/3qOMtfH

🌟 FOREX TESTER 5 – 10% discount use ‘MFTRADING’

📝 DOWNLOAD Trading log book 

Ready to become a Successful Trader?

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FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

SIMPLE Swing Trading Strategy Using Price Action

Ultimate Trading Prop Firm The 5ers Honest Review

This article may contain affiliate links.

👉 Get FUNDING for Trading 5%ers – http://bit.ly/3qOMtfH

Ultimate Trading Prop Firm The 5ers Honest Review

There are many benefits of using a prop firm to boost your trading with additional capital. However it’s important to find the right trading prop firm that suits your needs.

In this video, I share an honest review about the prop firm the 5ers. I look at the 5ers and why I think they are one of the best prop firms for trading.

I hope you enjoy!

TRADING RESOURCES 

TRADING SOFTWARE

📈 TradingView charts FREE TRIAL – https://bit.ly/2GxaC8O

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ – https://mindfullytrading.com/magickeys

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT – https://bit.ly/3z2W9ro

👉 Get FUNDING for Trading 5%ers – http://bit.ly/3qOMtfH

📝 DOWNLOAD Trading log book 

FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

$100k Bootcamp Challenge 5ers Review

$100k Bootcamp Challenge 5ers Review

This article may contain affiliate links.

👉 Get FUNDING for Trading 5%ers – http://bit.ly/3qOMtfH

$100k Bootcamp Challenge 5ers Review

TRADING RESOURCES 

TRADING SOFTWARE

📈 TradingView charts FREE TRIAL – https://bit.ly/2GxaC8O

✨ MAGIC KEYS 5% Discount use ‘5_MINDFULLY’ – https://mindfullytrading.com/magickeys

👉 My Forex Funds FUNDING – Use ‘mindfullytrading’ for a 5% DISCOUNT – https://bit.ly/3z2W9ro

👉 Get FUNDING for Trading 5%ers – http://bit.ly/3qOMtfH

📝 DOWNLOAD Trading log book 

FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

Forex Trading Setup for Beginners

Please note that this article may contain affiliate links.

In this video I explore the company, Earn2Trade who are a US futures trading prop firm.

This Earn2Trade review includes their rules, how it works and what happens after you get funded…

• TEST YOUR SKILLS ON A $25,000.00 TRADING EXAM
• PASS THE EXAM, GET FUNDED AND JOIN A TRADING FIRM
• TRADE WITH THE FIRM’S MONEY, AND WITHDRAW YOUR PROFIT
• MEET TARGETS AND PROGRESS IN THE FIRM
• TRADE UP TO A $200,000.00 ACCOUNT WITH A FIXED DRAWDOWN!

These are the two different types of challenges you can do…

• GET FUNDED AFTER TRADING ONLY 15 DAYS
• SIGN UP TO TEST YOUR INTRADAY TRADING SKILLS
• INCLUDES THE BEGINNER CRASH COURSE
• ADVANCED JOURNALING WITH JOURNALYTIX
• ADHERE TO A STRICT RISK MANAGEMENT REGIME
• SUCCEED AND GET FUNDED BY A PROPRIETARY TRADING FIRM

THE GAUNTLET™

• SIGN UP FOR A 60 DAY TEST OF YOUR ABILITIES
• MINIMAL RULES TO PERMIT MAXIMUM TRADER FLEXIBILITY
• TRADE HOW YOU WANT; HOLD OVERNIGHT POSITIONS
• ADVANCED JOURNALING WITH JOURNALYTIX
• SUCCEED AND GET FUNDED BY A PROPRIETARY TRADING FIRM
• EXCEED EXPECTATIONS AND GET A FULL REFUND

To give you an example how one of these account challenges run. I am going to describe the process of running a $25K Gauntlet mini account.

The different account sizes that are available with the Gauntlet Mini are;

$25K, $50K, $75K $100K and $150K

Interesting to note that with all the account types, unlike other prop firms such as FTMO and MFF, with Earn2trade, it is a monthly fee rather than a one off fee for the challenge.

So it takes away any stress of deadlines. Phew!

With this account,

• You have a profit target to reach of $1750 / 7%
• A max end of day drawdown of 6% / $1500
• There is a maximum daily loss limit of $550 (just over 2%), which is calculated on open equity.
• Traders can have a maximum of 3 contracts open at any time.
• Monthly subscription rate of $150

Are there any restrictions for trading?

As US futures exchanges close everyday, you cannot hold trades overnight.

There are 3 goals to hit, in order to pass the evaluation, these are;

* reach the profit target
* trade a minimum of 15 days
* maintain consistency ( not allowed to make more than 30% of profits in a single day

Why join Earn 2 Trade?

In particular, I like their transparency. You can see on their website that they have a lot of reviews both on trustpilot (pop up of rating) and from funded traders.

There are many different account types based on your requirements and your budget.

Also you receive full access to Earn2Trades educational material during your subscription which is a great addition- lots of useful content for learning and developing your skills trading the futures market. This includes a 62 lesson trading course, over 60 webinar topics and over 50 hours of content.

WHAT HAPPENS ONCE YOU GET FUNDED?

Once you pass, there are no subscription fees for funded traders.

Traders who pass the Gauntlet mini have 2 options as funded traders…either a live sim account or a live account.

LIVESIM ACCOUNTS are paper trading accounts, which function the same as live accounts including profit withdrawals but they have a quicker setup. They also allow traders to get market data for their first exchange for free.

Livesim is only available until you make your first $5K, then you have to switch to a live account.

LIVE ACCOUNTS  can be started straight away. Once the paper work is completed.

There are also monthly data fees to consider with the LIVE ACCOUNTS which are $105 for each exchange.

Once traders pass the test and trade their funded trading account they can…

• Keep 80% of the profits they make on that account. The prop firm with take the remaining 20%.
•  There are no minimum trading days.
   There are no more monthly subscription fees.

To round up,

STAGE 1- Consists of the evaluation, where traders need to respect the rules and hit the goals to progress onto…

STAGE 2- building their career. Funded trading accounts are provided for traders to earn and keep 80% of the profits.

STAGE 3- The option to upgrade your live account.

Earn2Trade provide an interesting capital growth program, allowing traders to follow the progression ladder. This basically means that as traders continue to trade their funded accounts, respecting the rules and achieving growth on the account, they can slowly work their way up through different account types, allowing them to earn more capital. Until they access a senior live account of $200K.

So all in all they are a great prop firm for futures traders.

I hope you found this Earn2trade Review helpful. 

TRADING SOFTWARE

📈 TradingView charts FREE TRIAL – https://bit.ly/2GxaC8O

 

 

 

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FURTHER READING

30 Days of Trading Forex

Trading View Tutorial for beginners

Forex Trading Setup for Beginners