City Traders Imperium (CTI) is recognized as a leading prop firm, especially in the realm of trader education. For individuals aspiring to enter the professional trading arena, funded trader programs like those offered by CTI are a viable pathway. These programs don’t require a degree, a prestigious educational background, or substantial initial capital. Instead, they focus on the individual’s willingness to learn and develop trading skills.
When considering a funded account, the challenge often lies in choosing the best prop trading firm from the plethora of available options. In this context, City Traders Imperium stands out as a potentially top choice.
However, to understand whether it truly lives up to its reputation and to learn about getting the best price on City Traders Imperium, I suggest reading a thorough City Traders Imperium review. This review will help you decide if CTI is the right platform to kickstart or advance your trading career.
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Getting the Best Price on City Traders Imperium
I will jump right into the important stuff, the pricing. In order to make sure you are getting the best price on City Traders Imperium, make sure you are using my City Traders Imperium coupon code to save 10%.
Here is the normal pricing, without my coupon code:
Day Trading Challenge: This program, which includes trading forex, indices, and commodities, requires a one-time payment ranging from £109 to £479, based on the chosen plan. It provides funding levels from $10,000 to $100,000. The challenge spans 90 days, split into two phases, with a 15% profit target, a maximum drawdown of 10%, and a minimum trading requirement of 5 days for each phase.
Evaluation: The evaluation option, with costs ranging from £109 to £659, comes in two forms: Classic and Standard. The Classic evaluation has a 7% profit target with a 12-month duration, while the Standard has a 9% profit target over 6 months. Both require a minimum of 30 active trading days, a 1.5% stop loss risk per position, and a maximum loss limit of 5%.
Direct Funding: For seasoned traders, Direct Funding offers immediate access to funds without the need for an evaluation. The payment for this ranges from £1,059 to £3,649, starting traders with an account balance of $20k to $70k. This balance doubles every time the account increases by 10%, up to a maximum of $4 million. This option has an absolute drawdown based on the initial account balance and offers weekly payouts.
City Traders Imperium Benefits
Now that I know you are getting the best price on City Traders Imperium, I will get into the advantages. Here are the main benefits of City Traders Imperium:
- Blog and Technical Analysis: Offers articles and technical analysis on Forex trading, providing valuable insights for traders.
- Discord Community: A platform for traders to exchange messages, and participate in voice and video conferences, fostering a collaborative environment.
- Funding Eligibility for Retail Traders: Retail traders who meet the required drawdown and profit levels can qualify for funding from CTI.
- Diverse Financing Programs: Offers a range of funding programs suitable for different trader categories, including CFD trading professionals.
- Trading Flexibility: Allows hedging, algorithmic trading with expert advisors, and news trading.
- One-Time Subscription Fee: Charges a one-time fee for joining its programs, unlike other prop firms that charge monthly.
- No Position Holding Limits: Traders can keep positions open over weekends without any time constraints in all funding programs.
- Tailored Funded Accounts: Successful traders receive funded accounts ranging from $25,000 to $2,000,000 based on performance and skill.
- Profit Sharing Model: Offers up to an 80% profit split in favor of the trader, encouraging improved trading performance.
- Risk Management Focus: Enforces daily, weekly, and monthly risk limits to help traders manage and preserve capital.
- Supportive Trading Community: Provides access to a supportive community, educational materials, webinars, and mentorship programs.
- Platform Compatibility: Compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and supports various trading instruments.
- Transparent Performance Metrics: Offers clear performance metrics for traders to track their progress and make strategic decisions.
City Traders Imperium
Although there is a lot that traders like about City Traders Imperium, there are a few shortcomings. Here are the main limitations you should be aware of:
- Challenging Profit Share: Achieving a 100% profit share is difficult, making it a challenging goal for traders.
- Maximum Daily Drawdown: A limit of 4% on the daily drawdown is enforced, which, although beneficial for risk management, might restrict some trading strategies.
- Restricted Trading Strategies: Certain trading strategies like copy trading, high-frequency, and arbitrage trading are not allowed, limiting the range of strategies traders can employ.
- No Demo Account: Traders cannot test the platform or trading conditions without paying a subscription fee, as CTI does not offer a demo account option.
In conclusion, City Traders Imperium offers a comprehensive platform for traders, balancing rigorous evaluation processes, tailored funded accounts, and a supportive community. While it presents some challenges, such as achieving a high-profit share and limitations on trading strategies, its range of services caters to various trader needs.
For those seeking a prop trading firm with a focus on risk management and educational support, CTI is a strong contender. To ensure you’re getting the best price on City Traders Imperium and to explore its offerings further, Click Here.