October 1, 2025
The proprietary trading industry is growing rapidly, and traders now have more choices than ever before. Two of the most recognized firms in this space are The Funded Trader and The5%ers. Both provide traders with structured evaluation programs, scaling opportunities, and funding options, but their approaches differ in important ways. This comparison breaks down the key details — company background, funding models, trading rules, account sizes, platforms, instruments, and community feedback — to help you decide which firm aligns best with your trading style.
| Company Details | The Funded Trader | The5%ers |
|---|---|---|
| Incorporation Date | May 2021 | January 2016 |
| CEO | Angelo Ciaramello | Saul Lokier |
| Office Location | Liberty Hill, Texas | Israel & London, UK |
| Scaling Plan | ✅ | ✅ |
The Funded Trader, founded in 2021 under CEO Angelo Ciaramello, is headquartered in Liberty Hill, Texas. The5%ers, established in 2016 and led by CEO Saul Lokier, operates from Israel and London. Both firms have earned global recognition as trusted names in the prop trading industry.
| Funding Programs | The Funded Trader | The5%ers |
|---|---|---|
| One-Step Evaluation | ✅ | ❌ |
| Two-Step Evaluation | ✅ | ✅ |
| Three-Step Evaluation | ✅ | ✅ |
| Instant Funding | ❌ | ✅ |
The Funded Trader offers six different funding programs, including three two-step evaluations, two one-step models, and a three-step challenge. The5%ers provides three programs: a two-step evaluation, a three-step evaluation, and an instant funding option.
| Rules & Objectives | Dragon Challenge (TFT) | Bootcamp Challenge (The5%ers) |
|---|---|---|
| Profit Target (Phase 1) | 8% | 6% |
| Profit Target (Phase 2) | 5% | 6% |
| Profit Target (Phase 3) | 5% | 6% |
| Max Daily Loss | 5% | No Daily Drawdown |
| Max Loss | 10% | 5% |
| Minimum Trading Days | No Minimum | No Minimum |
| Trading Period | Unlimited | Unlimited |
| Leverage | 1:100 | 1:10 |
| Profit Split | 75% up to 95% | 50% up to 100% |
| Account Size | Dragon Challenge (TFT) | Bootcamp Challenge (The5%ers) |
|---|---|---|
| $5,000 | $49 | ❌ |
| $10,000 | $99 | ❌ |
| $25,000 | $135 | ❌ |
| $50,000 | $205 | ❌ |
| $100,000 | $355 | $95 (+ $205 After Passing) |
| $250,000 | ❌ | $225 (+ $350 After Passing) |
| The Funded Trader | The5%ers | |
|---|---|---|
| Broker | Voyage Markets, Thaurus LTD | Direct Market Access Liquidity Provider |
| Platforms | MT5, cTrader, DXtrade, Match-Trader | MetaTrader 5 |
| Instruments | The Funded Trader | The5%ers |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Cryptos | ✅ | ✅ |
| Trustpilot Stats | The Funded Trader | The5%ers |
|---|---|---|
| Rating | 3.3 / 5 | 4.9 / 5 |
| Reviews | 21,598 | 15,076 |
| 5-Star Ratings | 67% | 93% |
The Funded Trader has received over 21,000 reviews on Trustpilot, with an average rating of 3.3/5 and 67% five-star ratings. The5%ers, on the other hand, maintains one of the highest reputations in the industry with a 4.9/5 rating based on 15,000+ reviews, 93% of which are five-star.
Both The Funded Trader and The5%ers provide valuable opportunities for traders worldwide, but their offerings are distinct.
The Funded Trader stands out with a variety of one-step, two-step, and three-step programs, higher leverage on its Dragon Challenge, and multiple platform choices.
The5%ers excels with its instant funding program, strict but fair risk rules, and outstanding community ratings.
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