The5%ers presented the first low entry cost challenge on November 1st last year, where you can prove your trading skills,
and pay the rest only once you’ve passed! However, they’ve just made changes to this challenge and it may be for the better!
With thousands of traders climbing onboard, this change is definitely something I would not miss out on announcing. – Prop Trader is the first to receive this information to publish on behalf of The5%ers to you.
I myself have jumped on board with this one! How could you miss out? Be sure to keep an eye out on the Prop-Trader Youtube channel for the updated Bootcamp bonus content coming soon! If you have not signed up for this already, then I will just assume you’re filthy rich already… haha. Sign up now!
So, basically, this challenge will still require you to pay a total of €300, but the change is, you now need to pay €85 of the total €300 upfront fee instead of only €50 upfront in order to participate in the challenge, once you pass the challenge, you pay the remaining €215. If you fail the challenge, you only lose €85 and go home empty-handed. ( So technically you only paying a slightly higher upfront fee but should you pass, you still only pay the original amount of €300.)
But what are the improvements to the challenge?
Well, the reward, should you pass, will still be a $100,000 funded account to trade with. But first, you still need to pass the 3 stages. – The profit targets have been reduced though! – Yes!!!
- Stage 1: You will receive a $25,000 account. You need to reach a profit target of 6%/$1,500. (used to be $2,000) You have a max drawdown of 5%/$1,250
- Stage 2: You will receive a $50,000 account. You need to reach a profit target of 6%/$3,000. (used to be $4,000) You have a max drawdown of 5%/$2,500
- Stage 3: You will receive a $75,000 account. You need to reach a profit target of 6%/$4,500. (used to be $6,000) You have a max drawdown of 5%/$3,750
Leverage 1:10, no minimum trading days, and a maximum time period of 12 months. – Stress-free!
So to sum that all up, you now have a smaller profit target to reach, the same 5% max drawdown, and a slightly bigger upfront fee! You will still pay a total of €300 for a $100k account, and only have to reach technically 18% profit target overall instead of the 24% previously.
Once you have your $100k account to trade with, you will also have access to the scaling plan, you have available funding of up to $4,000,000.000. Yes, FOUR MILLION dollars… with a profit split of 80%! – That’s almost sickening.
What are your thoughts on the improvements? Have you entered the bootcamp challenge yet? If you have, keep us updated on how your journey is so far in the comments below!