The5%ers uses a 2-step evaluation with 2 phases. Here are all the rules you need to know.
Drawdown rules:
- -Type: Static (floor never moves)
- -Max drawdown: 4%
- -Daily loss limit: 4% (calculated on balance)
Profit target:
- -6% to pass ($1,200 on $20,000 account)
Trading restrictions:
- -News trading: Allowed
- -Overnight holding: Allowed
- -Weekend holding: Allowed
- -Expert Advisors: Allowed
- -Copy trading: Not allowed
- -Consistency rule: None
- -Minimum trading days: 3
Account sizes and fees:
- -$20,000: $95 fee, $800 max DD, $800 daily limit
- -$60,000: $245 fee, $2,400 max DD, $2,400 daily limit
- -$100,000: $375 fee, $4,000 max DD, $4,000 daily limit
Payout structure:
- -Split: 50%-100%
- -Frequency: Bi-weekly
For the complete rule breakdown by account size and phase, see the The5%ers rules page. Rules change -- always verify on the official website before starting a challenge.
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