We have a lot of respect for Blue Point Trading. BPT is one of the leading brands in the forex funded trader’s program, and they were our inspiration when we first decided to move on with our trader’s group and create it as a funded traders program. When we were a team of forex traders, one of the first brands we were looking for were BPT and their program. We learned their offer and we realize it will be taking a long time and slim chance we can pass their requirements. A couple of years later we have established The5ers with a similar concept but we had built ours with the features we were missing as traders back then.
We consider Blue Point Trading as an industry leader. However, we believe The5ers is a better and more updated program that offers more flexibility for more trading styles, better utilization of the Forex market trading characteristics, and better opportunity for individual traders to take a positive shift toward trading professionalism.
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Why do we write this comparison article, you may ask? Because ever since we have launched The5ers, traders keep being surprised to find a new approach to the old concept. When we designed the working model of the5ers funding traders program we were thinking how to get the most from the advantages of the forex market, when we have done our work, we realized The5ers program has more to offer than the original inspiration.
Both programs require a proof of skills test phase. Blue Point Trading conducts the test phase on a demo trading account. While with The5ers, evaluation is given on a live trading account. This offers few benefits. The5ers will share the profits made during the evaluation phase with the trader, so time and effort are not being wasted in the process of qualification.
Another qualification feature to compare is the duration of the evaluation process. BPT requires 3 full consecutive months, by each month the trader is expected to make a minimum of 300 pips, and altogether a minimum of 900 pips. With The5ers traders get from 20 days to 6 months, for reaching one target. The target is set by money value, not pips. This way the trader may choose how to distribute risk.
For years we are evaluating traders, we never saw one portfolio-equity-curve alike. Trading is a sum game, at times performance can be slower or negative. The5ers do not expect every month to be profitable. Our program is structured to let traders compensate bad months, we give space to recover losses, and still make it accomplish the milestone of success.
The Blue-Point-Trading is based on trading pips, while the trader’s skill level determines the value loaded for each pip. By this structure, traders have no ability to reduce risk by lowering the pip value. Sometimes it forces the trader to set stops at places with no price action logic.
Our approach allows to freely manage risk by deciding how much each pip should value according to market levels, and not by any arbitrary requirements.
There is no one method to trade the market. The5ers approach is to let any form of success to prosper. BPT is based in the US, so it let traders trade only during the US office hours. By that, BPT eliminates one of the key strengths advantage of the Forex Market, which is a continuous none stop market. By asking traders to close immature trades just because office hours are done for the day. We all know the market travels to and from price targets. Time has is no factor in that sense. If the price has not hit its destination today at 5 pm, it might get there later that day or week or month.
This is why we at The5ers let any strategy to last for as long as it needs to achieve the trade’s full potential. That includes overnight, and over the weekend open positions.
Placing a trade with blue point trading does not promise the trade is executed. BPT will decide which trade goes to market, regardless of the outcome, if a trade was not executed, the trader will not get his monthly profit accumulation. Execution report will be available for the trader only when the trading day ends.
Any position placed by a The5ers trader is execution guaranteed. Simply as that. Fully transparent and fair. We trust our traders’ skill and the fund’s risk strategy so we can play fair and transparent at all times.
In The5ers we believe that price should make sense and be fair for what it provides. Being in this business for a while, and still, the subscription pricing model never made any sense. The logic for a one-time fee to be tested for a qualification, better appeal to The5ers values, of being fair and transparent, and with no unexpected costs on top.
The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.
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