City Traders Imperium Review
Funded trader programs are literally the easiest and quickest way to make it in the pro league. You don’t need a degree, a background from a fancy university, or even significant starting capital. All you need is the willingness to learn and acquire trading skills.
Are you convinced to try? The next question you will have to address is which are the best proprietary trading firms to apply for a funded account? While the abundance of options might be too overwhelming, some alternatives are clearly above the rest. Let’s see if City Traders Imperium (CTI) is among the top providers of funded accounts that you should consider.
|🚀 Features||Forex funded trader programs|
|✅ Best For||Traders from the United Kingdom|
|💰 Pricing||109 GBP – 649 GBP one-time payment|
|💻 Technology||Browser-based platform|
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About City Trader Imperium
City Traders Imperium is a London-based proprietary trading firm that offers to fund successful traders. It was founded by Daniel Martin and Martin Najat, former professional head traders. Today, thanks to its CTI funded program, it is considered one of the best prop firms for beginners who want to explore the most affordable trading experience.
The prop firm was launched due to its founders’ frustration with how most UK-based prop firms were conducting their business, they say. According to Martin and Najat, companies were “selling a pipe dream,” which left a massive gap between what funded traders learned and what they had to know to become profitable traders. CTI wants to fix that by providing traders with well-structured educational materials, professional guidance, and funding to give them everything needed to succeed.
With City Traders Imperium, forex lovers can get direct funding of between $20,000 and $70,000. The platform also allows for applying all types of trading strategies. This makes it suitable for retail traders, swing traders, professional portfolio managers, day traders, and more. Furthermore, funded account holders can take advantage of up to 1:100 leverage.
But don’t think of CTI just as the typical trader funding provider. The company goes beyond that by providing mentorship programs and trying to build a community of like-minded individuals. Instead, think of CTI as a coaching team that will back you with capital, give you the chance to learn, and help you kick-start your professional trading career.
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|📈 Futures Trading||📈 Futures Trading||📈 Forex and CFDs|
|Market Leader Futures Segment||Unique Trader Career Path||Market Leader Forex Segment|
|Available in 140+ Countries||Available in 100+ Countries||Available in 180+ Countries|
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City Traders Imperium: Products, Services, and Costs
While the offering of the prop firm has many similarities with other forex trader funding providers, it is also somewhat unique in many aspects.
Funded Trader Program
The company refers to its offering as “the most rewarding forex funding program in the industry.” In addition, city Traders Imperium claims its program offers the most powerful and flexible risk management rules that allow enrolled users to build their own managed accounts of up to $4m.
While this might sound too good to be true, in reality, City Traders Imperium’s program is, indeed, an excellent option. One of the key benefits is that it offers traders a profit share of up to 70%.
Evaluation vs. Direct Funding Options
When applying for funding, traders can choose between two options: Evaluation and Direct Funding.
During the former, you will have to show consistency in your trading style. This means you will have to maintain performance for an extended period (at least 30 days) and not rely on one-off trades. That way, the program tries to eliminate the role luck plays in your trading.
The profit share in the Evaluation program is set at 50%, and you will have to maintain an account growth target of 7%. You can trade gold and forex.
While the program’s terms are pretty flexible, it is worth noting that the Evaluation part is way longer than with the offerings of the other funding providers, as here, it can take up to one year. While this is huge compared to what you will be offered with a different prop firm, it doesn’t mean you will have to wait 12 months to receive funding. Instead, you can get funded once you hit your profit target and fulfill all requirements. The extended duration of the program is intended to ease long-term traders who usually need extended horizons to apply their strategies but are often neglected by forex funding providers.
With the Direct Funding plans, you can skip the evaluation period and receive funding from day one. When you receive funding and become a Portfolio Manager, you can trade with less consistency and even have up to 2 months without any activity.
The profit share in the program is between 60 and 70%, with an account growth target of 10%. You can trade gold, forex, and indices.
The costs depend on the account option you chose.
For plans that include an evaluation phase, the costs of the program are as follows:
- Direct funding of $10,000 (Evaluation account size of $2,500): a one-time payment of £109;
- Direct funding of $20,000 (Evaluation account size of $5,000): a one-time payment of £199;
- Direct funding of $40,000 (Evaluation account size of $10,000): a one-time payment of £379;
- Direct funding of $50,000 (Evaluation account size of $12,500): a one-time payment of £449;
- Direct funding of $70,000 (Evaluation account size of $17,500): a one-time payment of £649.
The costs of the Direct Funding program are:
- Direct funding of $20,000: a one-time payment of £999;
- Direct funding of $40,000: a one-time payment of £1,799;
- Direct funding of $50,000: a one-time payment of £2,199;
- Direct funding of $70,000: a one-time payment of £3,099;
The fees are paid with a Debit/Credit card.
The service is designed for all users who want to join an online community of more than 2,000 professional traders. It has a virtual trading floor that helps you on your way to becoming consistently profitable.
A subscription will grant you access to over 50 hours of learning materials centered around trading motivation, psychology, building and following a trading plan, and practical trading ideas. More importantly, you get 1-on-1 free coaching from trading professionals with decades of experience.
City Traders Imperium’s team claims that joining the Mastermind Program will help you reduce the time needed to become a professional trader from 5 years to just a single year. Furthermore, they claim that many of the platform’s users have successfully passed the trading courses and the funding challenges in as soon as six months of joining the Mastermind Program.
The team approves only 15% of the applicants each month due to a vetting criterion. If you decide to apply for the program, you will have to pass through a 30-minute discovery call. Think of it as an interview to get to know you and evaluate whether you fit the program’s goals.
What sets CTI apart is that literally, everyone can book a free consultation with a trading professional. The idea of the consultation is to hear how a trading professional sees your psychological profile. They will help you identify the essential traits of your personality and how they can affect your trading performance. The goal is to help you become a better version of yourself and make CTI attractive to trade with them because they profit when you make profits.
This is another free but really valuable offering that you won’t find with any of City Traders Imperium’s competitors.
The service is professional coaching from Daniel Martin, a seasoned trading veteran and co-founder of City Traders Imperium.
You can book your slot for the Transformation Mentoring on their website.
All you have to do is add some personal details. However, bear in mind that the places for the mentorship consultation are limited. According to the info on the site, “only the most committed and passionate traders will be mentored.”
City Traders Imperium Review Summary
CTI stands above other funded account providers due to the flexibility of its offering, the variety of its products and services, and the personal touch that often lacks in the industry.
While the one-time fees for the different tiers of the program are a bit higher than the industry average, it is worth it. Other newer services like Fidelcrest and The5ers take a similar route. With CTI, you get practical educational content and access to an engaged community that can only raise your level.
In a nutshell, if you are looking to trade consistently or take advantage of all the benefits of a funded trader offering that doesn’t limit you only to currency trading, then CTI should be at the top of your list.
Is City Traders Imperium legit?
Yes. CTI is a registered UK business but isn’t regulated by the FCA. It is headquartered in London. CTI’s customer support is available through email, live chat, and social media but isn’t 24/7. City Traders Imperium has a stellar online reputation, and so far, there aren’t any red flags.
What is a proprietary trading firm?
A proprietary trading firm is a financial services company that uses its own money to trade different assets and collect profits. Prop firms generate gains from proprietary trading activities instead of earning a commission from trading capital on behalf of clients.