What is the best City Traders Imperium challenge program for your investing needs? Find out in this expert review.
Which City Traders Imperium challenge is worth your money?
If you’re a prop trader interested in working with CTI, you might have wondered the same thing. This expert guide is here to help you answer the very same questions.
You’ll find out the rules of City Traders Imperium challenge programs and also get bonus tips (for beginners). Let’s begin:
City Traders Imperium provides traders with a selection of three distinct programs to select from:
Phase 1 | Phase 2 | Funded | |
Time Limit | Unlimited | Unlimited | Unlimited |
Minimum Trading Days | 5 | 5 | 5 |
Profit Target | $10,000 | $5,000 | Scaling Plan* |
Profit Share | NA | NA | 80%-100% |
Max Daily Drawdown | $5,000 | $5,000 | $5,000 |
Max Absolute Drawdown | $10,000 | $10,000 | $10,000 |
Drawdown type | Balance-based | Balance-based | Balance-based |
Monthly Salary | – | – | $500/month |
Refundable Fees | $519 | – | Refund |
The objective of this City Traders Imperium challenge is to find dedicated and skilled traders who are recognized and rewarded for their consistent performance during the two-phase evaluation period. The evaluation program account enables to engage in trading with a leverage ratio of 1:33.
Account Size | |
---|---|
Account Size | Price |
$2,500 | $39 |
$5,000 | $59 |
$10,000 | $99 |
$25,000 | $179 |
$50,000 | $329 |
$100,000 | $519 |
In the evaluation process, traders must reach a 10% profit target in phase one without going over a maximum daily loss of 5% or violating the 10% maximum loss rule. There are no specific daily trading requirements for this phase, but traders must take part in at least five trading days to move on to phase two. In phase two, traders must achieve a 5% profit target while still following the same 5% maximum daily loss and 10% maximum loss rules.
Again, there are no specific daily trading obligations, but traders must participate in at least five trading days to progress to the funded account stage. After completing both evaluation phases, traders gain entry into a funded account with no predefined profit targets.
The main constraints are the 5% maximum daily loss and 10% maximum loss rules. Initially, traders receive an 80% profit split on the first 10%. As they qualify for the growth plan, the profit split increases to 90% for a tier 1 growth plan and reaches 100% for a tier 2 growth plan.
Moreover, upon achieving funded status, traders become eligible for monthly salary bonuses ranging from $12.5 to $500. The bonus amount depends on the size of the account being traded.
The day trading funding program accounts incorporate a scaling plan wherein traders must achieve a profit target of 10% or more within four months, ensuring that at least two of these months are profitable and that two withdrawals are processed. Additionally, the account balance must remain positive at the end of the fourth month, resulting in a 30% increase to the original account balance.
For instance, if the initial account balance is $50,000, it would grow to $65,000 after the first four months, followed by subsequent increments to $80,000, $95,000, and so forth. The trading instruments available for these accounts encompass forex pairs, commodities, and indices.
80,000 | $60,000 | $40,000 | $20,000 | $10,000 | $4,000 |
Phase 1 | Funded | |
Funded | – | $80,000 |
Evaluation | $20,000 | – |
Time Limit | Unlimited | Unlimited |
Minimum Trading Days | – | – |
Profit Target | 10% | Scaling Plans |
Profit Share | 50% | Upto 10% |
Max Daily Drawdown | – | – |
Max Absolute Drawdown | 6% | 6% |
Max Trailing Drawdown | – | – |
Drawdown Type | Balance-based | Balance-based |
Monthly Salary | Up to $500/month | |
Leverage | Upto 1:33 | Upto 1:33 |
One- Time Fee | $999 | – |
The regular evaluation financing program account offered by City Traders Imperium enables traders to fulfill the evaluation criteria within an indefinite timeframe, granting them the ability to trade with a leverage ratio 1:33.
Account Size | Oruce |
---|---|
Account Size | Price |
$4,000 | $59 |
$10,000 | $149 |
$20,000 | $299 |
$40,000 | $499 |
$60,000 | $749 |
$80,000 | $999 |
Traders must achieve a 10% profit target during the evaluation phase while ensuring that they do not exceed the 6% maximum loss rule. There is no specific deadline for trading during this phase, giving traders the freedom to reach the profit target at their own pace. To ensure responsible trading, traders must set a stop loss for each opened position.
Once traders complete the evaluation phase, they receive a funded account that comes with no predefined profit targets. The only requirement is that they adhere to the 6% maximum loss rule and implement a stop loss for each position.
Traders can request payouts every week without affecting the account’s growth, and they are not required to compensate for the distributed profits. Profit splits, ranging from 50% to 100%, are awarded based on the achieved profits.
Account Size:
The quick funding program accounts have a scaling strategy that is detailed in the accompanying spreadsheet. To be eligible for account scaling, traders merely attain a profit target of 10%. Importantly, withdrawals do not affect their account’s capacity to expand, and the qualification for expansion is established if their overall profits hit the 10% threshold.
For instance, if the trader achieves a 4.2% increase in the first week and a 5.8% increase in the second week while taking profits on both occasions, their cumulative profits would amount to 10%, qualifying them for a scale-up. The available trading instruments for this account type encompass FX pairings, commodities, and indices.
$80,000 | 60,000 | $40,000 | $20,000 | $10,000 |
Portfolio Manager | $80,000 |
Time Limit | Unlimited |
Minimum Trading Days | – |
Profit Target | 10% |
Profit Share | Upto 100% |
Max Daily Drawdown | – |
Max Absolute Drawdown | 6% |
Max Trailing Drawdown | – |
Leverage | Upto 1:33 |
One- Time Fees | $4,799 |
Account Size | Price |
$10,000 | $599 |
$20,000 | $1,199 |
$40,000 | $2,399 |
$60,000 | $3,599 |
$80,000 | $4,799 |
City Traders Imperium’s direct financing program account enables traders to bypass the review process entirely and commence generating profits right now. traders will receive a profit share ranging from 60% to 100% based on the profits they generate when trading with a leverage ratio of 1:33. It is important to acknowledge that there are no restrictions on the least or maximum amount of time.
Choosing the right challenge from a prop firm like City Traders Imperium involves a thorough evaluation of your own trading style, experience, and risk tolerance. Each challenge may have different rules, targets, and restrictions that could either complement or hinder your trading strategy. Here are steps and considerations to help you determine which City Traders Imperium challenge is best suited for you:
City Traders Imperium has received more than a thousand reviews on its Trustpilot page.
Most of the traders who signed up for their challenges are quite happy with the results. Most of these 1000+ reviews give them 5 out of 5 stars, clearly highlighting the reliability of their funding programs.
We looked deeper into their reviews and found plenty of customers claiming to get funded via a City Traders Imperium challenge. Here’s a review by Claudette highlighting the success of their program:
Similarly, here’s another CTI review. The reviewer also points out that City Traders Imperium is one of the few companies available in the market that offer the popular MetaTrader4 trading platform.
These reviews are just the tip of the iceberg.
You can find numerous success stories of CTI funded trader programs. Many people have passed their challenges and boosted their funding.
We are hopeful that you found this guide on City Traders Imperium challenge useful.
What are your thoughts on this funding program? Do you think they are worth your money? Share your thoughts in the comment section below!
You can also read our City Traders Imperium review to learn more about the prop firm.
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ForexTelevision.com is a website that provides resources and information related to forex trading. It focuses on proprietary trading firms (prop firms) and offers content on various aspects of forex trading, including how to use trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), how to open a prop trading account, and how to develop a trading plan.