The5ers

Drawdown Limits

• 1-Step Growth: 6% maximum loss and 3% daily loss. 
• 2-Step High Stakes: 10% maximum loss and 3% daily loss during the evaluation. 
• 3-Step Bootcamp: 5% maximum loss in each challenge stage and 4% maximum loss in the funded stage, with a 3% daily pause for the funded account. 

Minimum Trading Days

• 1-Step Growth: No minimum trading days to complete Level 1. 
• 2-Step High Stakes: At least 3 profitable days are required in each evaluation phase. 
• Bootcamp: The current program page does not list a minimum profitable-day requirement for the three evaluation stages. 

Risk Per Trade

•  The5ers does not publish a fixed percentage risk-per-trade limit for its main CFD programs. 
•  However, traders must avoid excessive exposure, overleveraging, unusually large position sizes, and concentrated risk that does not reflect responsible trading. 
•  The firm can take action when trading activity resembles gambling or creates disproportionate exposure. 

Strict Scaling

• Growth: The account scales after each 10% profit target, with the Hyper Growth structure doubling the funded account at each milestone and advertising scaling up to $4 million. 
• High Stakes: Funded accounts scale after each 10% target and can reach up to $500,000. 
• Bootcamp: Funded accounts scale after each 5% target and can reach up to $4 million according to the current scaling table. 

Profit Concentration Policy

•  The current 2-Step program has no consistency requirement during the evaluation phases. 
•  Once funded, a 50% consistency requirement applies to the current 2-Step plan. 
•  For the current 1-Step Summer/Growth structure, The5ers states that a 50% consistency rule applies to the funded account. 

Consistency Rule

• 2-Step evaluation: No consistency rule. 
• 2-Step funded: 50% consistency requirement. 
• 1-Step Growth/Summer: 50% consistency requirement. 
•  Rules can differ between programs, so traders should check the specific program before purchasing an account. 

News Trading

•  News trading is allowed on the main CFD programs. 
•  However, traders cannot use news-bracketing strategies, such as placing buy and sell pending orders around a high-impact news event. 
•  For High Stakes, opening orders from 2 minutes before until 2 minutes after high-impact news is not allowed. 

Weekend Holding

•  Holding open positions overnight and over the weekend is allowed on the main CFD programs. 
•  The5ers specifically warns that holding indices over the weekend can result in high or very high swap costs. 
•  Futures programs have separate holding rules, so don't apply these CFD rules to Futures. 

EA & Automation

•  Automated trading is subject to The5ers' trading rules. 
•  Third-party EAs where the trader does not own the source code are prohibited. 
•  EAs that copy the trades of other traders, exploit rollover price feeds, or generate excessive server requests are also prohibited. 
•  Traders should make sure their automated strategy is their own and complies with the firm's prohibited-practices policy. 

Copy Trading

•  Copy trading with other traders or accounts is prohibited. 
•  Account coordination between traders is also prohibited. 
•  The5ers also prohibits coordinated trading across accounts at different proprietary trading firms when it is used to manipulate or hedge exposure. 

Other Hard Rules

•  Accounts with no trading activity for more than 30 consecutive days can expire or be closed. 
•  Account sharing or reselling is prohibited. 
•  "Pass your challenge" and account-management services are prohibited. 
•  Arbitrage, hedge arbitrage and reverse arbitrage are prohibited. 
•  High-frequency trading where most trades last only a few seconds or less is prohibited. 
•  Tick scalping is prohibited. 
•  Exploiting platform errors or incorrect price feeds is prohibited. 
•  Bulk trading and excessive server requests from automated systems are prohibited. 
•  Traders cannot artificially distribute profits across multiple days to manufacture profitable-day requirements. 
•  Abnormally large position sizes, excessive exposure and gambling-like trading behaviour can also violate the rules.