Prop Firm Rules
The5ers Challenge
The5ers uses a trailing drawdown system that works differently from FTMO. See if your trading style fits their rules.
High Stakes Challenge
| Daily Loss Limit | 5% |
| Daily Loss Base | Previous day closing balance |
| Max Drawdown | 10% trailing (locks at initial when +5%) |
| Profit Target | 8% (Phase 1), 5% (Phase 2) |
| Time Limit | No time limit |
| Min Trading Days | 3 |
| Min Profitable Days | 0 |
How The5ers Trailing Drawdown Works
The5ers uses a trailing maximum drawdown that ratchets up with your high-water mark. Once your account reaches +5% profit, the trailing drawdown locks at your initial balance — it stops trailing.
Key difference from FTMO: The5ers' daily loss is calculated from the previous day's closing balance, not the midnight snapshot. Traders who pass FTMO sometimes fail The5ers because of this difference.
What PropSim Checks for The5ers
- Daily loss from previous day closing balance
- Trailing max drawdown with lock-in at +5% profit
- Profit target achievement (8% Phase 1, 5% Phase 2)
- Minimum 3 trading days requirement
- Behavioral profiling specific to trailing drawdown environments
Rules verified from The5ers Help Center as of March 2026. Always confirm current rules directly with The5ers.