The 5%ers Review: Is it a Scam or Legit? Find Out from These Trader Comments

Did you face reduced leverage and hiked fees without any explanation from The 5%ers broker? Do you find The 5%er rules strange for getting a funded account from this prop trading firm? Has the broker closed your trade inappropriately, preventing you from making gains in the forex market? All these allegations have dominated The 5%ers review segment online. Looking at this, the WikiFX team investigated and found some startling comments against The 5%ers prop firm. In this article, we have shared those complaints. Read on!

Top Complaints Against The 5%ers

Traders Complain of Sudden Leverage Cuts and Increased Fees Without Prior Notice

The broker is accused of decreasing the leverage, that too by half, and raising the fees for traders all of a sudden. This leaves traders stunned and wondering how to proceed with trading in such a fluctuating price-benefit scenario. A few traders even state that the brokers promise of decreasing spread with time proved to be a lie, as it did not come down. Here are multiple The 5%ers review screenshots supporting this complaint.

Funded Account Denied Despite Traders Meeting Challenge Requirements

Traders also claim to have struggled to receive a funded account despite winning several trading challenges and complying with regulations. This only worsens their overall experience with the broker, potentially making The 5%ers rules for funding inappropriate. Here are what traders shared under The 5%ers review.

Repeated, Premature Closure of Sell Orders Allegedly Turns Profits into Losses

Traders also complain that The 5%ers close the sell order even if the price has not returned to its entry point, converting the profit-looking trade into a loss. This happens repeatedly, as claimed by the trader. Here is the complaint screenshot to know more about the alleged trade manipulation.

The 5%ers Review by WikiFX: Score & Regulatory Supervision Status

The complaints stated above indicated forex investment scams, prompting all of us at WikiFX to investigate the broker on several aspects, including the regulatory status. During our investigation, it was revealed that the United Kingdom-based forex broker is operating without a valid regulatory license, proving why traders cannot trust it for wealth creation. Given the massive trading risks involved, the WikiFX team gave the broker a score of 2.14 out of 10.

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