5RF Review – Unclear Conditions Can Make Trading a Nightmare

As can be seen, 5RF is a Romanian-based proprietary trading firm that has been around since 2023. Generally, Romania is not the most popular country for trading business and that’s why you have to do detailed research before joining them.

But after you read our 5RF review, we are sure you will rethink your choices. After all, when a company has one-fifth of traders unsatisfied with services, that’s a huge no-no sign.  For more useful tips, make sure to check also our Zeta Trade and GSL Markets reviews.

What Is 5RF Company All About?

If you never heard of proprietary trading before, you are in the right place. The whole idea of 5RF funded account programs is to give traders a chance to trade with the company’s capital. Consequently, traders don’t have to deposit their own money. Such offers can be quite attractive knowing how many scam trading firms we have nowadays.

But how can you know what company you can trust? After all, none of these firms require regulation. The reason for that is because the company doesn’t require traders to deposit any money with them. Therefore, the only way to find out if you can trust them is by trying them out. However, not before you read the reviews. Usually, reviews give you a proper hint if you can trust the firm or not.

What Do Traders Say About 5RF Prop Firm?

If you compare the Trustpilot reviews of 5RF and Funded Trading Plus, you will quickly realize how big the difference is. Important to realize is that both firms are registered in 2023. Therefore, they had enough time to build the credibility. Except for the fact the 5RF is failing heavily. With almost 20% negative comments out of 305, you realize how many traders are not satisfied with their services.

Some of the main issues reported are slippages, high commissions, and payout problems. But to be fair, trading with a prop trading firm is far better than with unregulated brokers. Still, there’s a way to avoid those problems. Simply, choose trusted firms that have a lot of good feedback from traders.

What Are 5RF Trading Plans?

Before traders can access the funded account program, they have to pass the evaluation phases. As it seems, traders will have to pass two phases and pay both of those. That’s quite strange when you know other prop firms have 2-phased challenges with way lower pricing. In any case, traders can choose funding with $5k, $10k, $25k, $50k, and $100k.

In general, all conditions are the same except for the profit targets and maximum losses allowed. Most importantly, all challenges don’t have time limits except for the 3 minimum trading days. However, this firm is one of the rares having commissions included in the challenge phase. A commission of $3 per lot and not specified if it’s for the round turn.

What Trading Platform Can You Use?

Generally, there’s a huge difference if you have Meta Trader, cTrader, or some random third-party software available. Believe it or not, software can have a huge impact on your results. Luckily, with this firm, you will have access to highly popular cTrader. Most importantly, it’s also available for mobile devices so, you can trade anywhere you are. 

How Much Does the 5RF Challenge Cost?

Overall, when you look at the pricing, you might think it’s not much compared to other firms. However, if you experience what some traders reported, you might reconsider your choice. Some people claim big slippages that happened on their accounts which resulted in violating conditions. Consequently, they had to pay again, to begin with a challenge.

Nevertheless, the lowest amount you can start with is $69 for a $5K funded account. For $100K on your virtual account, you’ll have to pay $545. Thus, when you see many traders reporting various problems with trading conditions, you have to think about other options.

Key Advantages

Overall, the company doesn’t offer anything you can’t see with other prop-trading firms. Yet, these features allowed are quite important. Some of those include trading over the weekend. That’s a big deal for traders and you can simply use 5RF login credentials anytime and jump into trading. In fact, such an option is especially worth it during trading news 

Another key detail is that Expert Advisors features are allowed. Thus, you have to be careful if there are limitations to other options. Such as AIs and bots. The profit split of up to 90% can be attractive, but watch out for conditions first. You see the company doesn’t have a good reputation with it. Last, but not least, there’s a leverage of 1:100. It makes winning, but also losing much easier.

Main Disadvantages

When you see companies like Funded Trading Plus that are based in the UK, this Romanian firm instantly loses its credibility. After all, that’s why 5RF firm has that many negative reviews. To be fair, that’s a big disadvantage compared to competitors.

Even though the 5RF profit split is highly attractive, it’s meaningless if you can’t get payouts. So, that’s another thing traders have to watch out for.

Conclusion: Is It Worth It?

Overall, proprietary trading makes a lot of sense. Especially for skeptical traders who are afraid to get scammed. However, the experience will mostly depend from trader to trader. So, the best option is to try it out. But if you already see many hints as to why not to choose that firm, you should move on.

That’s why many readers keep signing up with Funded Trading Plus instead. Once you understand why that firm has gained so much popularity and credibility, you won’t be changing it. Therefore, sign up today and test out why Funded Trading Plus is one of the best in the industry.

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