The5ers Review

1.13 · Professional Account Terms

The funded program a trader bought and passed does not bind the firm. The clause lets it reassign the trader to a different Pro program than the one selected and completed, and change the terms of the assigned program "entirely", on its own risk considerations. Nothing in the clause limits the change to future trading, requires notice, or lets the trader decline and recover the fee. The parameters that made a trader choose one program over another can therefore be replaced after they have paid for it and passed it.

1.7 and 2.1(e) · Professional Account Terms

The firm may end a funded trader's access at any time without a reason, and the trader is then not entitled to any compensation. The Pro Terms do not say what happens to an accrued Reward Balance on a no-reason termination; 2.1(e) reads as excluding any payment, and 6.1 adds that "all undistributed Rewards are at risk of loss".

3.3 · Professional Account Terms

Every payout on a funded (Pro) account needs the firm's approval, given in its reasonable discretion, and the Pro Terms state no ground on which approval can be refused and no time within which it must be decided. The seven-business-day disbursement figure in the same clause is expressed as what "generally" happens. The clause then excludes all liability for any failure or inability to pay on time, "notwithstanding anything to the contrary", so a late payout carries no remedy under the contract.

4.4 · Professional Account Terms

If the firm, in its sole discretion, believes a Pro User has done any of a long list of things, including publishing "harmful content" about the firm or publishing their own email correspondence with it, it may close the account and the trader must return every Reward already received, forfeit the accrued Reward Balance, accept a permanent ban and indemnify the firm, including its attorneys' fees. This goes further than forfeiting unpaid profit: it reaches money already paid out, with no time limit and no link between the Reward and the conduct. The trigger list also includes deviating from "the trading characteristics used during the Evaluation stage", which is not defined.

Client Verification Process · Terms and Conditions

A video interview can be demanded at any point and the entire relationship ends if it is not both scheduled and completed inside five business days. The penalty is triple: pending payouts denied, ALL associated accounts cancelled, and the collaboration terminated. No grounds for requesting an interview are stated and no standard for passing one is given, so a trader cannot know what triggers it or what satisfies it. Ordinary life – illness, travel, a work commitment, an email that lands in spam – is enough to lose a funded account and the money already earned.

Prohibited Jurisdictions · Terms and Conditions

Residency is self-declared at signup and verified at KYC, which is deliberately after money has been taken. Discovery at any stage – including after the trader has passed and accumulated profit – cancels the account, forfeits every fee paid, voids all accrued profit, and extracts a waiver of any future claim. The firm holds a 31-jurisdiction list; the trader holds a checkbox. Because the check happens after payment rather than before it, a resident of a forbidden territory can pay, trade, pass, and only then be told none of it counted.

Termination for Cause · Terms and Conditions

One of the Termination for Cause grounds, and one of the few that spells out its own consequence rather than relying on the section's general remedy. The trigger is any "defamatory, disparaging, or harmful statements" on any public platform, with review sites named. Defamation is already unlawful and needs no clause; what the clause adds is "disparaging" and "harmful", neither defined and neither requiring the statement to be untrue, so an accurate account of a poor experience is inside it. The second sentence bans the trader from publishing their own correspondence with the firm – emails, chat logs, support tickets they are a party to – which removes the material a trader would need to substantiate a complaint to anyone. The consequence is immediate termination, no refund of any fee, and forfeiture of accrued profits and the Reward Balance. Recorded at critical because the penalty is the trader's money and the trigger is lawful speech; the identical clause is recorded against Trade The Pool, which shares this operator and this Terms structure. The right-of-reply letter of 5 September 2026 covered different findings. This clause was put to the firm separately on 19 September 2026 and no reply on the merits has been received.

3.1 · Professional Account Terms

The split advertised on a program page is one of two ways the split can be set. The other is the firm's discretion, based on its own risk assessments, and the clause does not say which applies when, or whether the discretion can only improve the trader's split. The advertised split is therefore not a term the trader can hold the firm to.

4.3 · Professional Account Terms

After 60 consecutive days without a trade, the firm may close a funded account "with or without notice". The trader then has 90 days to claim the remaining Reward Balance, after which it is forfeited. Because notice of the closure is optional, the 90-day claim window can run out before the trader knows the account was closed.

Confidentiality · Terms and Conditions

Confidential Information is defined to include the firm's 'metrics' and 'feedback' made available to the user. Feedback and metrics on the Hub are, in practice, what the firm tells a trader about their own account: why a breach was called, how a drawdown was computed, what the risk desk said. Defining those as the firm's confidential property means a trader who posts the explanation they were given, to ask other traders whether it is right, is disclosing Confidential Information without consent. The clause has no time limit and no survival carve-out for information the user already knew or that is public. Read with the disparagement clause in Termination for Cause, which separately bans publishing support tickets and private communications, the effect is that the contract restricts a trader's ability to publish the firm's account of its own decision, and it is that account which would be the evidence in any dispute.

Definitions, Forbidden Territory; Introduction · Terms and Conditions

Israel appears on the firm's own Forbidden Territory list, and the firm is registered in Israel with an Israeli registered office at 2 Ha'tidhar street, Raanana. A trader resident where the company is incorporated cannot use it. This is not an error in the reading – the same document carries both, and the country list repeats later in the Terms with Israel in it again. It is recorded because the reason is not stated anywhere in the document: whether it reflects Israeli regulation of retail CFD offerings, a payment-rail constraint, or something else is not disclosed, and a reader is left to guess.

Definitions, Trading; Services, Trading Platform · Terms and Conditions

The defined term Trading is simulated, without stage qualification. The Evaluation section says separately and explicitly that Evaluation trading is simulated and the funds fictitious, but the Definitions carry the simulation into the capitalized term used throughout the document, including the Trading Platform clause that governs the platforms a Professional User trades on. Our own package has until now recorded the funded stage as 'unknown' rather than claiming it is simulated. On the Terms as read, the capitalized term the contract uses for what a user does on a platform is defined as simulated everywhere it appears. The firm does not state anywhere in this document that the Professional User stage is different, and the Professional User section says the firm may decline to execute a user's positions, which reads consistently with an environment where the user's instruction and the firm's market action are separate things.

Governing Law; Jurisdiction · Terms and Conditions

Israeli law governs and the courts of Tel Aviv have exclusive jurisdiction, for a product sold worldwide on fees of $19 to a few hundred dollars. The cost of appearing in Tel Aviv exceeds any realistic claim by a wide margin, and the liability cap caps that claim at $100 in most cases, so the two clauses together make litigation uneconomic by construction. Two further points make this worth recording rather than treating as boilerplate. First, the firm also operates through an England and Wales registration with a London office named in the same document, and the forum clause points at neither that entity's home courts nor any court in the buyer's country. Second, Israel is on the firm's own Forbidden Territory list, so the chosen forum sits in a jurisdiction whose residents the firm refuses to serve. Scoped to the Terms as read on 2026-09-15: there is no arbitration clause, no class action waiver and no contractual limitation period anywhere in the document.

Introduction · Terms and Conditions

Two separate legal entities share one name across two jurisdictions, and the Terms bind the user to both without saying which contracts for what. legalName is recorded as Five Percent Online Ltd and hqCountry as GB, because the England and Wales registration is named first and carries the London office – but that is a recording decision, not a statement that the UK entity is the counterparty. A trader pursuing a claim would need to establish which entity holds the obligation, and the document does not tell them.

Limitation of Liability · Terms and Conditions

The firm's total exposure for any claim is the greater of one month of fees paid or $100. Fees on this firm are small by design – the High Stakes entry rung is $19, Bootcamp entry is $22, Pro Growth $5K is $52 – so for most traders the cap resolves to $100. The cap is written to cover claims in contract and in tort and is not carved out for the firm's own forfeiture powers, so a trader disputing a forfeited profit balance, a canceled account or a denied payout faces a recovery ceiling that is smaller than the sums those clauses can take. The preceding clause separately excludes all indirect, incidental, special, punitive, exemplary and consequential damages, including lost profits.

Modification of Terms · Terms and Conditions

No notice, no notification, no version history offered to the trader – the obligation to detect a change is placed entirely on them, before each use. The document read here is stamped 16 August 2026, so it does change. Combined with the forfeiture clauses above, a rule a trader is held to can appear between one session and the next.

Payment Terms · Terms and Conditions

An approved payout above an undisclosed threshold is paid out in weekly installments capped at $10,000 each. The Payout Threshold is set by the firm at its sole discretion, is not published in the Terms or on any program page we hold, and may be amended at any time, so a trader cannot tell in advance whether their payout will be paid in one transfer or spread across weeks. The firm's own scaling ladders make this reachable rather than theoretical: the High Stakes table shows a $10,000 fixed payout at the $500,000 rung and $4,000 fixed payouts from $350,000 up, and the Bootcamp ladder runs to $200,000 payout ratios at $4M. A $60,000 approved payout is six weeks of installments at the cap. The clause is drafted as an installment right, not as a deferral for cause, so nothing in it requires a reason.

Refund · Terms and Conditions

The Terms give a five day window for a cash refund on an untraded account. The firm's own FAQ, in the entry headed 'What Is the Cancellation and Refund Policy?' dated 2026-08-10 and read 2026-09-15, states 'Evaluation Programs: Refund available only if no trades have been placed within 14 days of purchase' and that refunds are processed to the original payment method in five to seven business days. The two surfaces give different answers to the same question: fourteen days and cash, against five days and cash then Hub Credit only. The Terms are the later document by six days and the Terms' own Order of precedence clause resolves the conflict against the buyer: 'In case of any conflict between the content on the Website and the Terms, the Terms shall prevail.' A trader who reads the help center, waits ten days and then asks for their money back is inside the published FAQ window and outside the contractual one.

Refund; Services, Hub Credits · Terms and Conditions

The document uses one word, refund, for two different things. Inside five days it means money returned. After five days it means Hub Credit, which the same document defines as not real currency, of no monetary value, and not withdrawable or transferable. The second is not a refund in any ordinary sense: the buyer's money stays with the firm and they receive a token spendable only on more of the firm's own products. The Hub Credits section adds that the firm 'is not obligated to allow Users to exchange User's Hub Credits for anything of real value' and that 'Hub Credits are not refundable, all payments for Credit Hub are final'. A renderer that reports this firm as offering refunds, without the five day cliff and the change of currency, tells the buyer the opposite of what the contract says.

Services, Hub Credits · Terms and Conditions

Converting earned rewards into Hub Credits is a one way door. The contract states the conversion cannot be reversed into fiat, that the firm alone decides what credits can be spent on, and that it is under no obligation to let a user exchange them for anything of real value. The firm also sets the validity period of credits, so a balance can expire, and may 'implement changes to Hub Credits at any time' in its sole discretion. Our payout policy for High Stakes already records that the firm charges 3.5 percent on every cash payout and nothing on a payout taken as Hub Credit, which is a live incentive to take the irreversible option. The credit route is presented on the firm's surfaces as the cheaper one; the contract is where it is priced.

Services, Professional User · Terms and Conditions

Everything a buyer is paying for sits in the Professional User stage: the funded account, the profit split, the payouts. The Terms say that stage is governed by a further agreement, the Professional Account Terms. That agreement is not linked or shown before purchase, and it is not attached to, summarized in, or named by the Terms: the Trader Hub presents it as a click-to-sign contract once a trader is accepted. The buyer accepts the Terms and pays the Evaluation fee without being shown the document that will govern the money. The Terms also state, in the same section, that passing does not guarantee an offer, so completing the first contract does not guarantee the trader is ever shown the second. Scoped to the Terms and Conditions stamped 'Last update – Aug. 16th 2026' as read on 2026-09-15: no copy of, and no link to, the Professional User terms appears in that document.

Termination rights, Termination for Cause · Terms and Conditions

Two things are bundled into one ground. The second is a chargeback, which is a common prop firm term. The first is wider: lodging an 'unjustifiable complaint regarding the paid fee' is itself a termination ground, and the contract gives no definition of unjustifiable and no process for deciding it, so the firm judges whether the complaint against it was justified. The consequence is not only termination but a permanent refusal of future service. Read with the Refund section, a buyer who believes they qualified for a refund and was wrongly refused has no safe route to press the point: escalating to their bank is expressly a termination ground, and complaining to the firm is one too if the firm decides the complaint was unjustified.

Termination rights, Termination for Cause · Terms and Conditions

Three of the termination grounds turn on the firm's state of mind rather than on anything established. A reasonable belief that the user has been accused of an offence is enough, and the clause expressly counts market rumors as a basis for that belief. Separately, a suspicion of a conflict of interest, or a belief that the user is 'involved with a competing company', is its own ground. Involvement with a competing company is not defined and is a live risk for the population this product is sold to: working at another prop firm, writing about them, or holding an affiliate link could all be said to fall inside it. None of these grounds carries the ten business day cure period the general breach ground carries, and none requires the firm to disclose the rumor or the suspicion to the person it is terminating.

Termination rights, Termination for Cause (closing paragraph) · Terms and Conditions

The rules whose breach terminates an account may change at any time, with or without notice, and the user carries the whole burden of keeping up. The detail is then pushed to a FAQ URL, which is help content: it is unversioned, undated as a whole, and carries no change log, so a trader cannot establish what the rules were on the day they traded, and neither can we. This matters more here than the wording suggests, because our own capture of the FAQ knowledge base found the answers are rendered by JavaScript, so even a preserved fetch of that page returns no rule text. The clause makes a moving, unrecorded target enforceable by termination. Note the contrast with the fee and parameter clause in the Evaluation section, which does protect purchases made before a change; nothing equivalent protects a trader against a mid-account change to the Trading Rules.

Termination rights, Termination for Cause, Trading Rules · Terms and Conditions

The Trading Rules list eighteen specific prohibitions and then two catch-alls that swallow the specificity. The first makes a breach out of trading in a way that gives the firm 'justified concerns that the Company might suffer financial or other harm' – which is to say, winning in a way the firm finds expensive. The second leaves it to the firm's sole discretion whether a strategy is 'uncommercial' or 'not a viable trading strategy', with no standard and no appeal. Breach of the Trading Rules is a Termination for Cause ground, and the Termination section carries no cure period for it. A trader cannot read the specific list and know they are compliant, because the general words reach further than the list.

Use of Automated Trading Software · Terms and Conditions

Two restrictions, and the second is absolute. Any automated trading software needs written approval in advance, granted at the firm's sole discretion with no stated criteria and no stated response time. Then, whatever the approval position, software owned or developed by anyone other than the user is prohibited outright, which rules out every purchased, licensed, free or open source expert advisor. The user also indemnifies the firm against intellectual property claims arising from their own software and bears all costs of it, and the firm may require advance testing at its discretion. This sits alongside the Trading Rules, which separately prohibit expert advisors 'from a provider where the trader does not own the source code', so the same restriction appears twice by two routes and breach of it is a Termination for Cause ground.

Account, Address Changes · Terms and Conditions

A deeming clause on its own is unremarkable. It is recorded because of what it is attached to on this firm. The Terms give a trader five business days from the date of an interview request to both schedule and complete a video interview, and failing that window denies pending payouts, cancels all associated accounts and ends the collaboration. This clause makes the request delivered on sending it to whatever address the firm has on file, whether or not the trader still reads it. The five day clock runs 'from the date of the request', not from the date it was read, so the two clauses together let the deadline expire before the trader has any knowledge of it. Nothing in the document requires a second channel, a read receipt, or any confirmation that a request with that consequence reached a person.

Definitions, following Forbidden Territory · Terms and Conditions

The United States is not on the Forbidden Territory list, so a US resident may hold an account – but MetaTrader 5 is closed to them by MetaQuotes' own rule rather than the firm's. The firm's own platform FAQ now goes further: "Non-US clients can use MetaTrader 5, cTrader, and TradingView. US-based clients can use TradingView." and "cTrader is no longer an option for new accounts for US clients." A US trader opening a new CFD account is left with TradingView alone, which the mobile FAQ says is available to US clients through the web platform only. MetaTrader 5 is barred by the vendor; why cTrader was withdrawn is not stated. Recorded as signup_restricted rather than signup_prohibited: the firm does not refuse US residents, it limits what they can trade on.

Registration Process, Personal Use and Billing; Establishing an Account · Terms and Conditions

The account, the card and the withdrawal destination must all be in the same personal name, and no company or other legal entity may register. This is an ordinary anti money laundering posture, and it is recorded because the practical consequence is sharper than the wording. The firm's own FAQ, read 2026-09-15, states there are 'strictly no exceptions', that a payment made on a card in another name results in the account being disabled, and that the details cannot be corrected after the fact: 'we are required to refund the payment to the original card, and the account will remain disabled.' A trader who pays on a partner's or parent's card, which is common at these price points, loses the account rather than being asked to fix it. The Terms themselves state only that this 'may result in suspension', which is the softer of the two descriptions.

Services, Evaluation · Terms and Conditions

The firm may change prices and, more importantly, the parameters for passing – profit targets, drawdown limits, minimum days – at any time and without agreement. The second sentence is the mitigation and it is real: a change does not affect Services already purchased, so a trader mid-evaluation keeps the targets they bought. The mitigation is not complete. It is keyed to notification rather than to publication of a dated version, the Terms carry no version history, and the protection is written for the Evaluation. The Professional User stage is governed by the separate Professional Account Terms, which are not linked or shown before purchase, so this sentence does not on its face protect a funded trader's parameters. Recorded at notable rather than higher because the grandfather clause does most of the work a trader would want.

Services, Evaluation · Terms and Conditions

Every trade a user makes during the Evaluation is retained by the firm, shareable with any affiliated person or entity, and handled 'as necessary' with no further consent, consultation or approval. The user is expressly not entitled to any remuneration or revenue arising from the firm's use of it. The affiliates are not named and the clause does not limit the purposes, so the data may be used commercially. The Third Party Services section is broader still and consents to the firm providing the user's identifying information to third parties who 'may be an unaffiliated company, or an affiliate of Ours, including unregulated entities'. Recorded at notable: the clause takes nothing the trader had, but a paying customer's entire order flow is licensed away for nothing in a sentence they are unlikely to read.

Services, Evaluation; Introduction · Terms and Conditions

The Terms cover the Services generally, and the Introduction confirms the Services include 'proprietary trading on Contract for Difference and Futures Contract', so the futures products are inside the contract's scope. What the Terms incorporate for program parameters is a list of three CFD pages, and that list does not match what the firm sells. The futures programs, Day Trade and Swing, have their own page at the5ers.com/futures and it is not named. The Summer Plan line, which the firm's own FAQ describes with its own prices and its own scaling answer, is not named. The page the Terms cite as 'Hyper Growth' is titled Growth and presents two separate products on it, Pro Growth and Hyper Growth, with different fees and different minimum profitable day requirements, so a trader on Pro Growth is reading parameters the Terms do not name. The result is that a futures or Summer Plan buyer has no incorporated statement of the conditions they must meet to be paid, while the Terms still say the fee is forfeit if they 'fail to meet the conditions to become Professional User'.

Services, Evaluation; Refund · Terms and Conditions

The Evaluation section says a user who cancels the account, or requests cancellation by email, is not entitled to a refund, and states no carve-out for an untraded account. The Refund section two pages later says a user with no trading activity may request a full monetary refund within five days of purchase. The two clauses give opposite answers to the commonest case there is: a buyer who changes their mind the next day and emails support. Nothing in the document says which clause governs, and the Evaluation clause is the one a support agent is likeliest to be quoting. Recorded because the ambiguity is the harm: the buyer cannot tell from the contract whether they have a right to their money.

User Content · Terms and Conditions

Anything a user posts in the Hub community is licensed to the firm worldwide, in perpetuity, irrevocably, with the right to modify and to create derivative works, in any medium including ones that do not exist yet. The license cannot be withdrawn by deleting the post or the account, and the same section says the firm may retain User Content after an account is deleted. A trader's shared strategy, chart or written analysis therefore becomes permanently usable marketing material. The user also indemnifies the firm for claims arising from their own content. Recorded at notable because the license is broad and irrevocable but takes no money from the trader.

Services, Hub Credits · Terms and Conditions

Favorable to the trader, and recorded so the package does not read as one sided. Hub Credits expire, and the firm commits to spending the soonest-expiring balance first, which is the ordering that loses the user the least. It is a small commitment and it is the only place in the document where the firm binds itself to choose the option that favours the user. Filed informational because a clause that helps traders must not be priced as a penalty.

Termination rights, Termination for Cause · Terms and Conditions

Favorable to the trader, and worth recording because it is rare on this roster. Where the ground for termination is a breach of the user's general obligations, the firm must notify the breach and give ten business days to cure it before terminating. The limit of the protection should be stated with it: the cure period attaches to this one ground in the list, and the other grounds in the same section, including the Trading Rules, the disparagement clause and the five day interview window, carry immediate termination with no notice and no opportunity to cure. Filed informational because it helps the trader.