WHAT IS City Traders Imperium?
City Traders Imperium, abbreviated as CTI, stands as a proprietary trading firm offering funding to designated traders via its funded trader program. Additionally, it functions as an educational entity, managing an online trading community where traders gain access to beneficial trading tools and educational resources.
What Does CTI Provide For Traders?
Traders are afforded a platform to harness their trading acumen and amplify their trading gains at an accelerated rate through a funded account offered by the company. An exciting aspect is the availability of direct funding options akin to The5%ers’ direct funding program, enhancing the accessibility of funded trading initiatives.
CTI empowers traders to oversee portfolios of up to four million dollars, contingent upon their demonstrated capacity to manage such substantial capital. The key criteria sought after by the company in traders include apt trading psychology, adept trading strategies, and a steadfast level of discipline. Traders exhibiting these qualities stand a significant chance of excelling in the trading program challenge.
Where Does CTI Come From?
CTI operates as a privately-owned entity registered in England and Wales, yet it is not subject to regulation by the FCA (Financial Conduct Authority), the principal financial regulatory body in the United Kingdom.Consequently, the company refrains from conducting regulated activities but aligns its operations with FCA guidelines. Notably, CTI does not function as a financial institution, broker, or engage in the promotion of brokerage services.
The CTI funded trader program is structured to offer traders of any nationality access to practical educational assessments. These evaluations provide traders with opportunities to refine their skills in profit compounding, risk management, and trading psychology.
Is CTI Program Suitable For Organizations?
The CTI funded trading program is tailored specifically for individual traders rather than large entities or collectives. As a result, the company typically requests traders to furnish a valid ID as evidence of identity and address, ensuring that each trader solely manages their allocated funded account. There are no restrictions on who can enroll in the program, provided the individual is above 18 years of age.
WHAT ARE THE CTI OFFERS FOR FOREX TRADERS?
CTI provides two options for Forex traders: the evaluation option and the direct funding option.
The Funded Trading Evaluation
The company’s objective is to assess the trader’s consistency in generating profits over a specified duration determined by the company. Hence, traders are anticipated to demonstrate adequate trading proficiency during this period and beyond.
Within the evaluation phase, traders have the option to select from various account sizes based on their desired funded account size. Each account is associated with different sign-up fees, typically a one-time payment.
The Direct Funding Account
Under this alternative, there’s no requirement to undergo the evaluation procedure; traders can secure funding promptly. This option, known as the Portfolio Manager, entails paying a one-time fee to obtain a funded trading account instantly. However, adhering to specific rules is imperative to retain the account.
A drawback lies in the exorbitant prices, especially daunting for novices. The entry cost for the direct funding account starts at $1354. Below are the prices for the direct funding or Portfolio Manager:
WHAT ARE THE RULES AND CHARACTERISTICS OF CTI?
Main Rules For The Funded Trading Program:
These rules apply to both the evaluation and the direct funding program.
Profit target
This represents the profit target you must achieve by the conclusion of your trading period.
For the forex-funded trading evaluation, it stands at approximately 7%, whereas for the direct funding forex account, it is set at 10%.
Max loss
This denotes the maximum allowable loss in your account; reaching this threshold results in automatic account termination.
For both the forex-funded trading evaluation and the direct funding forex account, the maximum loss permitted is approximately 5%.
Instruments
These are the permissible trading instruments in your account.
In the evaluation, trading is permitted in Gold and Forex. However, in the direct funding option, trading is allowed in Gold, Indices, and Forex.
Leverage
The leverage is fixed at 1:10 for all accounts.
What Is The Fee Structure And Refund Policy?
Following the completion of trading in the Evaluation funded account, CTI does not issue a refund for any sign-up fee paid by the funded trader. It’s important for traders to understand that the sign-up fee does not function as a deposit into any form of trading account. CTI only charges a one-time fee to cover trading expenses and potential losses incurred by the trader during the Evaluation phase of the program.
Throughout the program’s duration, traders need not worry about monthly or recurring charges. Once a trader has traded the funded account provided, it is not possible to downgrade to a smaller funded account or upgrade to a larger one.
The Trading Platform
CTI provides its funded traders with the MT5 trading platform, offering them complete control over its usage. The company does not intervene in the trading activities of its funded traders unless there is a breach of its risk management policies. The MT5 trading platform offered by CTI is accessible on both MAC and Windows PC operating systems.
What Are The Restrictions Of CTI Funded Trader Program?
Trading within the funded trader program alongside other active traders sharing the same account is strictly prohibited. Additionally, if a funded trader maintains more than one account with CTI, hedging between accounts is prohibited, with each account treated independently. The company does not condone the use of a different trader’s name on one or more funded accounts.
During the Evaluation phase, funded traders are permitted to open multiple accounts as desired, whereas traders in the Portfolio Manager phase are limited to a maximum of two accounts. While duplication of trades and orders via copy/social trading services is disallowed, funded traders may replicate trades from their personal accounts into the CTI funded account.
Furthermore, the company prohibits mirrored trading, where a single trader utilizes one expert advisor across multiple accounts or a group of traders employ the same expert advisor across different accounts simultaneously, whether manually or via automated means. The following trading techniques are also prohibited:
- Copy trading of other people’s signals
- Any form of Tick Scalping strategies
- Reverse Arbitrage trading
- Hedge Arbitrage trading
- Latency Arbitrage trading
- Use of emulators
Traders engaging in any of these prohibited techniques risk termination of their Funded Trader Program without eligibility for a refund.
What Are The Risk Management Policies?
All funded traders are obligated to adhere to the specific guidelines and risk management policies outlined on the CTI website. The company diligently monitors the trading activities of its funded traders and issues warnings if any policies are breached.
In the event that a funded trader disregards the risk management policies after being warned, CTI reserves the right to terminate the trader’s account and remove them from the Funded Trader Program. However, if a trader whose account was terminated initially expresses readiness to comply with the company’s risk policies, they are welcome to reapply for the program.
When Termination Of The Funded Trader Program May Occur?
Termination of a trader’s account may result from any of the following reasons:
- Reaching the maximum allowable loss value on the funded account.
- Failure to adhere to the risk policies for both phases of the program.
- Misuse or abuse of the program.
- Utilizing the program for purposes other than genuine individual trading.
- Engaging in high-frequency trading, ultra-fast scalping, latency arbitrage trading, or similar trading styles not accepted by CTI.
- Involvement in copy-trading, social trading, or any form of mirrored trading activity..
What Is The Process Of Profit Withdrawals At CTI?
The process differs between phases, and we will explore the process for each phase.
For the Evaluation phase:
CTI offers a 50% profit share of the profit target to the funded trader. This 50% profit share is calculated net of all commissions, trading costs, overnight swaps, and spreads.
Any profits earned as a result of violating the risk policies will be deducted from the final profit target once the trader completes the evaluation phase. In such instances, the profit target is extended by the amount of profit made from violating the risk policies.
Conversely, losses incurred due to violating CTI’s risk management policies will be deducted from the account balance.
For the Portfolio Manager phase:
All profit share payments are disbursed to the funded trader’s account via PayPal, TransferWise, Bank Transfer, and/or Revolut.
During the calculation of the profit target, all spreads, trading costs, overnight swaps, and commissions are deducted.
Losses stemming from violations of the company’s risk management policies are subtracted from the account balance, mirroring the process in the Evaluation phase.
Similarly, profits accrued in this phase due to violations of CTI’s risk policies undergo the same treatment as in the Evaluation phase.
Advantages And Disadvantages Of CTI
What Are The Pros Of CTI For Forex Traders?
Offers a diverse range of products and services Provides traders with access to practical educational resources An active trading community fosters trader development and improvement Professional coaching is provided by experienced and seasoned traders Psychological consultation is available to provide traders with professional insights into essential personality traits, which can be utilized over time to enhance their trading skills.
What Are The Cons Of CTI For Forex Traders?
The signup fees for various program levels are slightly higher than the industry average. The monthly approval rate for applicants is relatively low, which may be disheartening for some traders. The program imposes strict rules with severe consequences for violations. Despite welcoming all nationalities, the program is most suitable for individuals in the United Kingdom.
Disclaimers And Important Information:
Affiliate Disclosure: Our website operates as an affiliate platform, endorsing funded trading programs and proprietary trading firms. We may earn compensation for directing traffic and facilitating purchases through our affiliate links. However, this compensation does not compromise the honesty and objectivity of our reviews and content. Although our partnerships may influence our promotional materials, we are dedicated to furnishing accurate, unbiased information. We advise you to consider this when evaluating investment decisions.
Risk Disclosure: Funded trading programs and proprietary firms entail a high degree of risk and may not be suitable for all investors. Prior to investing in any of these programs or firms, it is imperative to carefully assess your investment objectives, level of experience, and risk tolerance. Please recognize that you could potentially incur a partial or complete loss of your investment and therefore should not invest funds beyond your capacity to bear losses. If you have any uncertainties regarding the appropriateness of these programs or firms, seek guidance from an independent financial advisor.
Legal Disclaimer: The information presented on our website is intended solely for educational and informational purposes and should not be construed as investment advice. We are not licensed financial advisors, and we do not provide personalized investment recommendations. Prior to making any investment decisions, consult with a licensed financial advisor.
Performance Disclosures: Past performance should not be viewed as indicative of future results. The performance of funded trading programs and proprietary firms may exhibit volatility and significant fluctuations. Historical returns, anticipated returns, or probability projections may not accurately reflect actual future performance. It is advisable to thoroughly examine all performance information prior to investing in any of these programs or firms.
Fees and Charges: Participation in funded trading programs and proprietary firms may entail various fees and charges, including account fees, commissions, and additional expenses. Prior to investing, carefully review the fees and charges associated with these programs and firms. Additionally, be mindful that these fees and charges could significantly impact your investment returns.
Regulatory Disclosures: Funded trading programs and proprietary firms may be subject to oversight by government agencies or self-regulatory organizations. Prior to investing in any of these programs or firms, review the relevant regulatory disclosures. It is your responsibility to comply with applicable regulations and verify the compliance of any program or firm in which you choose to invest.
Conflict of Interest Disclosure: We may receive compensation for endorsing specific funded trading programs and proprietary firms through our affiliate links, potentially creating a conflict of interest. While we strive to provide impartial and accurate information, carefully consider this potential conflict of interest before relying on any information provided on our website. We neither endorse nor recommend any particular program or firm and encourage you to conduct your own thorough research before making investment decisions.
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