How does the Bootcamp Program work?

The Bootcamp Program is designed to test the consistency and discipline of skilled traders.

Traders who want to apply for a trading seat with us will need to complete 3 challenge phases on a demo account.

The challenges aim to look for consistency and profitability.

Once the 3 challenge phases have been completed, the trader will start trading on a live funded account and be applicable for a profit split.

Specifications 

• A Stop-loss is required in all positions and orders.
• The SL in any position must not risk more than 2% of the account balance
• Opening a position without a SL order, or risking more than 2% of the account balance in a single position, will be considered a risk violation
• Any account with 5 violations will be automatically terminated
• Leverage for all accounts - 1:10. Margin requirements applies. Check FAQ's below.
• News trading is allowed. Except for bracketing strategies.
• During the Challenge stages, each level will be accessible up to 48 hours after completing the previous level.
• Holding open trades overnight and over the weekend is allowed. Holding Indices over the weekend carries very high swaps.
• Accounts without activity for more than 21 consecutive days will be closed.
• Maximum number of active accounts per trader: 3 ( one $250K account + two $100K accounts). Each account must have a different trading method.
• The 3% daily pause applies only to funded accounts. Traders can continue trading the very next day at 00:00 MT5 Server Time .
• First payout 14 days after receiving a funded account, and every 2 weeks after that.
• The 14-day payout cycle will reset every time you have a new account scaled.
• Click here for the program's terms & conditions

 

Example of challenge 

Entry cost: $100K is €95

Starting Balance: $100K ( Maximum Loss (5%); Profit Target (6%)

Stage 1: $25K
Stage 2: $50K
Stage 3: $75K 

Once passed trader gets $100K live funded account

 

To learn more about the different challenges of the Bootcamp program, please feel free to visit our website https://the5ers.com/bootcamp