SPREADS ARE THE WORST, ZERO EDGE FOR YOUR PROFITABILITY
I just had a experience, I couldn't stop myself from posting this review,
account - bootcamp 25k
Phase - 1
Pair - Eurusd
Trade size - 1.20 lots
Leverage - 1:10
Time - Just after NY close
I opened a trade and it directly opened into -120 USD loss position
I haven't seen anything this fraudulent in any other American prop firm ever.
One can never become profitable with these kind of fraudsters running prop firms, no matter how disciplined you are.
Stay away mates, This world is doomed.
SD
Shibam D.
Please don't bye 5ers right now it's a…
Please don't bye 5ers right now it's a fraud company I am purchased 5K account and also 350 usd profit then 5rs show login problem and don't open website at all it's a very big issue right now it's really shameful #5ers
D
Данькевич И.
Appeal to the project group and…
Appeal to the project group and community members the5ers
Good day, the team and members gave the community.
My name is Ihor, and I am addressing you with an open letter to clarify the current situation, which directly affected my work with this project.
Аll confidential data is hidden for discord
but the risk management team has everything in the public domain
I want to declare here the unfair and unjust closure of my account.
The situation is as follows
Due to the fact that my bank accounts were blocked at the time of purchasing the account, I had to buy an account using a card to which I have full access and the right to use, there is full confirmation from the bank, the active card is my grandmother's, I am a co-owner of this card (proof attached)
I was accused of money laundering due to the fact that I expected not through my name. Speaking of AML.
I worked with the team and performed my duties honestly and conscientiously. After completing the work, charges were brought against me and initially it was said about canceling the payout account. But during the dialogue and the proofs provided to me, an amount was paid that ensured the preservation of the working arrangements between us.
However, after this, the team decided to deactivate my account, citing the fact that the name on the card from which the payment was made did not match the account name.
Where is the logic?
And if I paid with cryptocurrency, for example... what absurdity.
I want power:
I have an official power of attorney from the bank, allowing me to use the card on behalf of its owner.
I send this confirmation, acting completely openly and in accordance with KYC requirements.
However, the team said that the power of attorney is insufficient, and required a bank statement with a transaction in my name - I opened a screenshot where a comment is indicated in the cartoon behind the account (my last name and first name)
Also refused to review the situation, arguing that this is a violation of the policies and rules of the AML team.
I confirmed the opposite, but the account is inactive.
My position is simple: I have not violated any laws, I acted with the permission of the bank, I received payment for my work - and now I just want to continue doing it. There was no abuse, fraud or circumvention on my part.
Deleting my account would be considered a unilateral violation of these obligations, and I declare my right to challenge this claim.
I am interested in continuing to work and would like to resolve the situation amicably.
In this regard, I believe that the KYC conditions are met, and I ask you not to block my account.
Result:
- I would like to inform you that I have official permission (power of attorney) issued by the bank, allowing me to use the payment card on behalf of the account owner.
This document confirms that the payment was made in full compliance with KYC and AML requirements.
- A written agreement from the card owner (my grandmother), which clearly states that I am in full trust management and where it is indicated about the purchase of an account in your company.
-There is a screenshot of the payment from the bank, where my name is indicated in the comments.
- The fact of payment of wages confirms that I have contractual agreements with your company and confirms the legality of our working relationship.
I ask the community and the team to consider this situation with understanding and reconsider the decision without punishing the person, it looks good faith.
Thank you for your attention and open to dialogue.
Respectfully,
Ihor
SS
Suresh S.
Worst firm Never make a contract with them
I would also agree with all others experience with the 5ers that it is worst propfirm.....I would recommend not to deal with this propfirm
This firm play oversmart to make us breach the account.
They calculate even your profits as your drawdown limits . I was up 102345....in a 100k account . in second phase and they breached my account only at 96245 although I was not even close to 5% of daily drawdown.
VN
Valery N.
Worst spreads in the industry
Worst spreads in the industry. It’s like the just deliberately hit your SL without price even nearing it. Believe me buying this propfirm is a waste of your time and money . You will regret.
MZ
Mariana Z.
THEFT OF FUNDED ACCOUNT
Me parece una total estafa que no me dejen cerrar un trade y la separación del spread me haga perder la perdida maxima diaria la cuenta sin respetar mi stop loss, no dejar cerrar un trade es trampa, son unos tramposos
Hace 4 días tomé un trade en USDCAD, cuando abrió el mercado y vi que el spread era tan alto le di muchas veces click en cerrar trade y simplemente no se cerró y perdí la cuenta
En un principio queria solucionar con ellos directamente, de hecho ya les he enviado 5 correos pero nadie responde, no me dan respuesta, es una total estafa que no respondan //
It seems to me a total scam that they don't let me close a trade and the spread separation makes me lose the maximum daily loss of the account without respecting my stop loss, not letting me close a trade is cheating, they are cheaters
4 days ago I took a trade in USDCAD, when the market opened and I saw that the spread was so high I clicked on close trade many times and it simply didn't close and I lost the account
At first I wanted to solve it with them directly, in fact I have already sent them 5 emails but nobody answers, they don't give me an answer, it is a total scam that they don't answer
SP
Screaming P.
High stakes programme not as…
High stakes programme not as advertised. Once you pass the evaluation phases on their 60k or 100k accounts, they will impose restrictions on your funded account, namely 1% max risk per trade (including fees), no concurrent trades, cooling off periods, and a reduction from 100:1 to 10:1 leverage, even if you pass the evalution without breaching their rules.
They then make you agree to these new hidden rules before allowing you to trade the funded account which you have already paid for. If you don't agree they will refund your fee, despite this being withdrawable once you pass the challenge phase. If you accidentally break one of the new rules, they will terminate your account.
Decide for yourself whether you want to do business like this but don't say you weren't warned.
MI
Michael I.
SCAM
Their commission rate is so high. I got a profit of 60$ during the phase one level and they took 40$ as commission and I chatted with one of them and they replied that my balance of 20$ is what they will use in regards to passing the 8%.
Its not encouraging at all.