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City Traders Imperium Trading Features

City Traders Imperium Trading Features. This summary is updated; however, rules frequently change. Always confirm rules with your prop firm.
Trading Feature Value
💰 Fees:  City Traders Imperium Challenge with an initial capital $10,000 balance costs £119, $20,000 balance for £209, $40,000 balance for £389, $50,000 balance for £459, $70,000 balance for £659 and a Scaling plan up to $2,000,000
🚀 Profit split:  The City Traders Imperium funded account challenge pays out 50% to 100%
✔️ Evaluation:  The City Traders Imperium challenge is split into stages: the assessment phase and the qualification phase.
🎯 Profit Target:  10% (9% in the Evaluation phase)
⚓ Maximum drawdown (MDD)​​:  5% Absolute Drawdown from the initial balance. No daily drawdown.
⌛ Trading Period​​:  There is no time limit.
⚖️ Leverage:  The leverage offered by Fieldcrest is up to 1:100. This applies for all traders even from US, Canada and EU -countries.
🔧 Instruments:  Forex, Commodities and Major Index Stocks.
📰 Allow Trade News:  Yes. There is absolutely no restriction on trading the news on any of our funding programs.
🔄 Weekend Position:  Yes with City Traders Imperium you are free to keep positions open overnight, over weekends, or holidays.
Read to find out about City Traders Imperium Forex Prop Trading Firm, what is City Traders Imperium Funded Account, How to Pass City Traders Imperium Challenge, and Much More

City Traders Imperium Review and Analysis

Overview

City Traders Imperium Proprietary Trading Firm

In this review, we will be placing City Traders’ Imperium under the critical spotlight. A London-based prop firm founded by two traders, City Traders’ Imperium has some unusual features that set it apart from its competitors. City Traders’ Imperium is a particularly meaty prop firm – in that there are a bunch of courses, training materials, account sizes, and different challenges on offer. In order to make sure we review them fairly we will take a snapshot of their platform by rating each metric individually. A type of “aerial view,” as it were.

City Traders Imperium: What’s it all about?

In 2014, Daniel Martin and Martin Najat decided to establish their own prop firm. Martin was a veteran trader with over a decade’s worth of experience in financial institutions. One of the professional strings to his bow was being a senior mentor at Switzerland’s top prop firm. It was here that he met Najat – and soon after City Traders’ Imperium was born. The idea behind CTI was to offer traders an alternate avenue to funded accounts, one whereby the emphasis was on accessing the funding over training courses or mentorship programs. City Traders’ Imperium offers tiered plans to contestants, whereby traders’ accounts are doubled every time they hit a 10% target. The firm, which is based in Shoreditch, London, is growing to be one of the fastest scaling prop firms in the industry. Does it live up to the hype?

Funded Accounts

What are proprietary trading firms?City Traders Imperium Funded Account

With ever more prop firms jostling for attention in the funded accounts industry, it can be difficult for traders to discern which platform would be best for them. Proprietary trading firms or “prop firms” are a unique source of revenue for traders with profitable strategies but lacking leverage. Through a series of internal trading tests or “challenges,” prop firms are able to source consistently profitable traders to join their ventures. The fortunate few can access accounts funded by the firm in question – sometimes with up to $2 million to trade, with profits split between broker and trader in the latter’s favor.

Challenge Overview

City Traders Imperium Challenge reviewHow to Pass the City Traders Imperium Challenge

City Traders’ Imperium offers three types of funded programs: standard, classic, and day trading. The Standard FTP has the fewest rules and maintains the promise that traders’ accounts will double every time they hit the 10% target. With up to $4 million in funded capital on the trading table, the Standard FTP has an evaluation time limit of up to 6 months and a base of 30 active trading days. The maximum loss is 5% absolute drawdown, and the stop loss risk s 1.5% per position. There is a range of evaluation plans with account sizes beginning at $2,500 for £115 and up to $17,500 for £659.

Next up, the Classic Funded Trader Program is targeted at more experienced prop traders and offers similar metrics and rules to the above. Finally, the Day Trading Funded Program is the top choice for high-risk traders. The 10% max Drawdown and promise of up to 100% profit target suits a variety of trading styles.

The challenge is split into stages: the assessment phase and the qualification phase both have a maximum time limit of 45 days and call for a minimum of 10 active trading days. The profit target is 10% for the assessment phase and 5% for the qualification stage. The maximum daily drawdown is 4% and the absolute drawdown is 10%.

The Day Trading Funded Program has layered profit shares and growth plans, with the profit split beginning at 70% to the trader on the first 10% net profit. The Day Trader Funded Program is divided into three challenges: $50K, $25K, and $10K. For each one, there is a one-time entry fee of £289.

Pros and Cons

Let’s talk about the good stuff …

We take our hat off to City Traders’ Imperium: they have put a slick offering on the prop firm table. Their funded challenge offers traders up to 100% profits with minimal rules. They have multiple account options, one-to-one mentoring, and a host of excellent training courses. On their homepage, CTI states with confidence they are “the world's best forex prop firm & Funded Trader Programs.” We believe they mean they have the world’s best prop firm and funded trader programs. Let’s hope their funded account challenge is better than their grammar!

... and the bad

Mind your Ps and Qs…and Read your Ts & Cs

Certain disgruntled traders have complained about being tagged out of positions for too small pip stops. There have been technical glitches both with the trading software and the training courses which have impeded traders looking for funding. Bear in mind that the CTI is neither authorized nor regulated by the Financial Conduct Authority (although it shares this in common with most prop firms).

There is also no refund on the sign-up fee once the trader has entered the funded account challenge. Like many funded account challenges, the “funding” is virtual money in demo accounts, and traders should look at the pass/fail rate and make an informed decision as to their best chances of securing the supposed CTI dream.

Evaluation Metrics

Overall metrics

    To truly evaluate what City Traders Imperium brings to the trading table, we decided to score each aspect of the City Traders Imperium Challenge individually.
  • Challenge difficulty: The idea behind funded account challenges is essentially to headhunt profitable traders, so contestants need to know the basics of trading. What we like about City Traders Imperium is that it does offer a range of account sizes with accompanying challenges of varying difficulty to suit many types of traders.
  • Customer support: CTI is friendly and responsive. They may not have a direct phone line to contact, but the email support is swift and informative. The complaints about poor support are dwarfed by the happy customers whose issues were fast resolved.
  • Fee: Certain of the CTI challenges are entirely free of charge, while others will set the trader back by as much as £659.
  • Payout scheme: Traders on the CTI payroll can choose to be paid through PayPal. The full withdrawal conditions can be read on their site.

Meet the CEO

Meet City Traders Imperium CEO - Daniel Martin

City Traders Imperium's CEO is Daniel Martin. Daniel Martin and Martin Najat are also the co-founders of City Traders Imperium. Together, Daniel Martin and Martin Najat have established City Traders Imperium, a platform aimed at providing traders with the knowledge and support they need to excel in the world of trading. Daniel Martin brings over 20 years of trading experience to the table, specializing in assisting traders in achieving consistent profitability by emphasizing the development of their trading psychology and methodology.

Frequently Asked Questions (FAQs):

Who is City Traders’ Imperium?
City Traders’ Imperium is a London-based prop firm that was founded by two traders: Martin Najat and Daniel Martin. The firm runs trading contests in which successful applicants can become funded traders with capital provided by the firm.
Who is the CEO of City Traders Imperium's
City Traders Imperium's CEO is Daniel Martin. Daniel Martin and Martin Najat are also the co-founders of City Traders Imperium.
Is there a free trial for the funded accounts?
No, CTI does not offer free trials. However, traders that fail to complete or pass the challenge first time around can access 5% or 10% discounts on their next evaluation. The discount must be claimed in cashback following the purchase of the challenge.
What are the City Traders’ Imperium spreads?
It must be said that City Traders’ Imperium offers some of the tightest spreads on the market, with an average of 0.3 pips on EURUSD.
How trusted is City Traders Imperium?
The trusted source of information on fintech matters SBO, gave City Traders Imperium a 2.75/ 5.00 rating based on analysing 20+ criteria and testing. City Traders Imperium is currently in 13th place in this ranking. FunderPro is currently rank as the number one.
What is the City Traders Imperium fee?
City Traders Imperium Challenge with an initial capital $10,000 balance costs £119, $20,000 balance for £209, $40,000 balance for £389, $50,000 balance for £459, $70,000 balance for £659 and a Scaling plan up to $2,000,000
Does City Traders Imperium offer coupons for customers?
Yes, currently, there is one City Traders Imperium discount coupon CTI10% available for customers.
How can I find City Traders Imperium discount coupons and promo codes?
Visit the City Traders Imperium dedicated discount coupons page as well as by joining several discussions and conversations within relevant online groups and communities.
What is the profit split for City Traders Imperium?
The City Traders Imperium funded account challenge pays out 50% to 100%
What is City Traders Imperium evaluation process?
The City Traders Imperium challenge is split into stages: the assessment phase and the qualification phase.
How do I become an City Traders Imperium Trader?
10% (9% in the Evaluation phase)
What is an acceptable max drawdown for City Traders Imperium?
5% Absolute Drawdown from the initial balance. No daily drawdown. Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is City Traders Imperium Trading Duration / Time restriction?
There is no time limit.
What is City Traders Imperium leverage?
The leverage offered by Fieldcrest is up to 1:100. This applies for all traders even from US, Canada and EU -countries.
What financial instruments can be traded at City Traders Imperium?
Forex, Commodities and Major Index Stocks.
Can I trade news at City Traders Imperium?
Yes. There is absolutely no restriction on trading the news on any of our funding programs.
Can I hold trades overnight or over the weekend?
Yes with City Traders Imperium you are free to keep positions open overnight, over weekends, or holidays.

Traders comments and Reviews about CITY TRADERS IMPERIUM

Sites like Trustpilot provide excellent third-party social proof. Please be aware that there is no guarantee whether or not fake reviews are or are not present. These can lead to bias and compromise the reliability of reviews.
TrustPilot City Traders Imperium TrustPilot Customer Reviews, Feedback and Complaints
Trustpilot On Trustpilot, City Traders Imperium has currently 852 number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.80/5.00.

City Traders Imperium firm's reply behavior to negative reviews is up to the standard having replied to 67% negative reviews with a response time to their negative reviews in less than 7 days.

City Traders Imperium  Read TrustPilot Customer Reviews, Feedback and Complaints

Latest News

citytradersimperium default news image
Important CTI Funded Trader Update: transitionign to demo accounts

City Traders Imperium (CTI) has just announced that due to developments in the regulatory landscape, they have made the decision to restructure our trading model. As part of this restructuring, all trading accounts will be transitioned to demo ... 

accounts that are directly linked to the firm's live capital.

Tuesday 09 April, 2024

citytradersimperium default news image
City Traders Imperium (CTI) Ceases Accepting US Clients

City Traders Imperium (CTI) has announced a significant change in its client policy, declaring a halt to accepting new clients from the United States (US). Citing specific market conditions, CTI has made the decision to suspend onboarding and ... 

purchasing for individuals residing in the US. This announcement signifies an important development within the prop trading community, with CTI's decision reflecting the evolving landscape of proprietary trading. As CTI navigates these challenges, traders are eagerly awaiting updates on the firm's efforts to reinstate access for US-based clients. It's worth highlighting that CTI reassures existing clients of uninterrupted trading and pledges to explore options to restore access for US traders while enhancing platform offerings.

Monday 08 April, 2024

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