City Traders’ Imperium is undoubtedly one of the better prop firms out there, and their stellar reputation is (mostly) well-earned. It is worth skimming through the conditions of each funded account challenge. While CTI claims to accommodate “all trading styles” you may find you have a singular strategy that will not, after all, be accepted within the parameters of the platform.
With the above in mind, here is what we would suggest as an alternative to City Traders Imperium: a propriety trading firm which fills in the gaps above. Ideally you want to keep the good and add the missing features.
OspreyFX is a powerhouse broker that offers leverage of up to 1:500 to trade forex, crypto, stocks, or more. They recently launched the OspreyFX Funded Account Challenge, a chance for traders to manage $100,000 with zero risk.
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Founded in 2012, TopstepForex has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.