CITY TRADERS IMPERIUM Review - Forex Review Global

City Traders Imperium

On the other hand, the day trading funding program is a two-step evaluation. All of the mentioned funding programs also offer unique scaling plans that allow you to acquire capital up to $2,000,000 per account.

CTI is a proprietary firm based in the UK, London. CTI offers day trading, instant funding, and direct funding programs. Instant funding programs are one-step evaluation programs, while direct funding allows traders to skip the evaluation and start earning from the start. On the other hand, the day trading funding program is a two-step evaluation. All of the mentioned funding programs also offer unique scaling plans that allow you to acquire capital up to $2,000,000 per account. CTI allows you to trade on MetaTrader 5 while using a 3rd party program as their broker.

City Traders Imperium’s Pros & Cons

Pros

One-step evaluation, two-step evaluation, and direct funding programs
Excellent Trustpilot rating of 4.8/5
One-time free retake (Day trading challenge)
Free Trial
Funding up to $4,000,000
Weekly withdrawals on all funding programs
Aggressive scaling program (Instant funding & Direct funding accounts)
Scaleable profit split up to 100% on all funding programs
Unlimited time to pass the challenge (Instant funding accounts)
45 Calendar days to pass each stage of the Day Trading Funding program
No maximum daily loss rule (Instant funding accounts)
Good education for traders
CTI propitiatory Risk Manager Tool
News trading is allowed

Cons

Mandatory stop-loss rule
Low 1:10 leverage (Instant funding & Direct funding accounts)

City Traders Imperium Funding Options

CTI offers traders three different programs to choose from:

Day trading funding program accounts (two-step challenge)
Instant funding program accounts (one-step challenge)
Direct funding program accounts

Day trading funding program accounts (Two-step Challenge)

CTI’s day trading funding program account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:33 leverage.

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 45 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 4% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 45 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss and 10% maximum loss rules. You start with an 80% profit split on the first 10%. When qualifying for the growth plan, your profit split increases even further, to a high 90% for a tier 1 growth plan and all the way up to 100% for a tier 2 growth plan. In addition, also note that once you become funded, traders are eligible to receive monthly salary bonuses, which range from $100 up to $1,000, depending on the account size that they are trading on.

Day trading funding program accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a four-month period where two out of the four months were profitable while you also processed at least two withdrawals. In addition, your account balance must be positive at the end of the 4th month. You will receive an account increase of 30% of the original account balance.

Example:

After 4 months: If you have a $50,000 account, your account balance will increase to $65,000.

After next 4 months: Balance of $65,000 increases to $80,000.

After next 4 months: Balance of $80,000 increases to $95,000.

And so on…

Trading instruments for the day trading funding program accounts are forex pairs, commodities, and indices.

Account rules

Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a five minimum trading day requirement.
Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Both phases have a 45 maximum trading day period.
No weekend holding means that traders are not allowed to hold open positions during the weekends.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Instant funding program accounts (One-step Challenge)

CTI’s standard evaluation funding program account allows traders to meet the evaluation requirements in an unlimited time period, where you are allowed to trade with 1:10 leverage.

The evaluation phase requires a trader to reach a profit target of 9% while not surpassing their 5% maximum loss rule. You are allowed to trade for an unlimited time period. During this time, you are required to reach the profit target and while having no time limitations. While trading, you are also required to set a stop loss on every position that you open.

By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum loss rule. In addition, you are also required to set a stop loss on every position that you open. You can request your payouts on a weekly basis. Note that the withdrawal will not affect the account growth, as well as it doesn’t require the funded trader to compensate for the profit that was paid out. You are awarded 50% all the way up to 100% profit splits based on the profit you make.

Instant funding program accounts also have a scaling plan. To become eligible to scale your account, the only requirement is to reach a profit target of 10%. You are eligible to scale your account when you reach your profit target. Another positive feature you should consider is that your withdrawals won’t affect your account from scaling up. Your account will be eligible for scaling when your total profits reach the 10% profit target.

Example:

The profit target for this account type is 10%.

Week 1: You gain 4.2% and withdraw your profits.

Week 2: You gain 5.8% and withdraw your profits.

Your total profits have reached 10% which makes you eligible for a scale-up since you have reached the 10% profit target.

Trading instruments for the instant funding program account are forex pairs, commodities, and indices.

Account rules

Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase profit target is 9%.
Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Direct funding program accounts

CTI’s direct funding program account allows traders to skip the evaluation altogether and start earning from the start. You are awarded 70% all the way up to 100% profit splits based on the profit you make while trading with 1:10 leverage. You should also note that you have no minimum or maximum time limitations.

To become eligible to scale your account, the only requirement is to reach a profit target of 10%. You are eligible to scale your account when you reach your profit target. Another positive feature you should consider is that your weekly withdrawals won’t affect your account from scaling up. Your account will be eligible for scaling when your total profits reach the 10% profit target.

Example:

The profit target for this account type is 10%.

Week 1: You gain 4.2% and withdraw your profits.

Week 2: You gain 5.8% and withdraw your profits.

Your total profits have reached 10% which makes you eligible for a scale-up since you have reached the 10% profit target.

Trading instruments for the direct funding program account are forex pairs, commodities, and indices.

Account rules

Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes City Traders Imperium different from other prop firms?

CTI is different from most industry-leading firms due to having three different funding programs: Day trading, instant funding (one-step), and direct funding programs. They also have almost no restrictions on your trading style. You can trade during news, hold trades overnight, and during the weekends (except on day trading programs).

CTI day trading program is a two-phase evaluation program that requires traders to complete two phases before being eligible for weekly payouts. The profit target is 10% in phase one and 5% in phase two with a 4% maximum daily and 10% maximum loss rules. You are also required to trade for a minimum of five days in each phase before becoming funded. Day trading programs also have a scaling plan. Compared to other industry-leading prop firms, they have average profit targets and minimum trading days.

Compared to other prop firms, with CTI’s instant funding programs (one-step programs), you can choose between different account sizes where you are required to complete one phase before being eligible for weekly payouts. The profit target for the evaluation program is 9%, with a 5% maximum loss and a mandatory stop-loss rule. When it comes to time limitations, note that there are no minimum or maximum trading day requirements. The instant funding program also has a scaling plan. They also have no minimum or maximum trading day requirements.

CTI has a third funding program, which is the direct funding program, where you can start earning from day one and from there on a weekly basis. The main rules you should focus on are the 5% maximum loss limit and a mandatory stop-loss rule. Direct funding program accounts also have a scaling plan. Compared to other industry-leading prop firms, they also have no minimum or maximum trading day requirements.

Conclusion

In conclusion, CTI is a legitimate proprietary trading firm that offers traders a chance to choose between three different funding programs: Day trading (two-step), instant funding (one-step), and direct funding programs.

Day trading programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits on a weekly basis. CTI requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded, which are realistic trading objectives considering you have a 4% maximum daily and 10% maximum loss rules to follow. With day trading programs, you can earn up to 100% profit splits while also being able to scale your accounts.

With standard programs, you can choose from different account sizes. The one-step evaluation account requires you to hit a profit target of 9% during an unlimited time period before you can start earning on a weekly basis. With instant funding programs, you can earn 50% profit splits which can be increased all the way up to 100% by scaling your account balance.

With direct funding programs, you can skip the evaluation period and jump directly into trading a funded account and earning weekly profit splits. There are no time limitations. You are only required to follow the maximum loss limit, required stop-loss, stop-loss risk per position, third-party copy trading risk, and third-party EA risk rules. With direct funding programs, you can earn 70% profit splits which can be increased all the way up to 100% by scaling your account balance.

I would recommend CTI to anyone who is looking for a prop firm with straightforward trading rules. They are a well-established proprietary trading firm that offers excellent conditions for a big pool of individuals with unique trading styles. After considering everything CTI has to offer, they are for sure one of the industry-leading prop firms.