City Traders Imperium vs FTMO 2024: Which prop firm is better?

Factor 1: Evaluation Process

City Traders Imperium

City Traders Imperium has a three-phase evaluation process designed to test a trader’s ability to manage risk and generate consistent profits. The first phase, called the Trading Assessment, requires traders to achieve a specific profit target within a set time frame while adhering to specific risk management rules. In the second phase, called the Verification Stage, traders must repeat their performance from the first phase but with more relaxed risk management rules. The final phase is the Live Trading Stage, where traders receive a funded account and must continue to meet profit and risk management requirements.

One of the notable aspects of City Traders Imperium’s evaluation process is its flexibility in trading rules. CTI allows traders to use various trading styles, such as scalping and news trading, and does not impose strict restrictions on trading around major news events.

FTMO

FTMO’s evaluation process consists of two phases: the FTMO Challenge and the Verification Stage. The FTMO Challenge requires traders to reach a specific profit target within a given time frame while adhering to strict risk management rules. If successful, traders advance to the Verification Stage, where they must repeat their performance under slightly relaxed trading rules. Upon successful completion of both stages, traders receive a funded account.

FTMO’s evaluation process has stricter trading rules compared to City Traders Imperium, including a minimum number of trading days and restrictions on holding positions overnight and during weekends. This may be limiting for some traders who prefer more flexibility in their trading styles.

Factor 2: Profit Split

City Traders Imperium

City Traders Imperium offers a 50% profit split for traders who successfully complete the evaluation process and receive a funded account. This means that traders keep 50% of their profits, while CTI takes the other 50%. However, it is worth noting that CTI provides an opportunity for traders to increase their profit share based on consistent performance and risk management. The 50% profit split for their evaluation stage moves up to 70% after becoming funded.

FTMO

FTMO offers a more generous profit split, with traders keeping 80% of their profits while FTMO takes 20%. If a trader participates in the scale-up plan they have the opportunity to receive 90% of their profits.

Factor 3: Trading Conditions

City Traders Imperium

City Traders Imperium offers multiple account sizes for traders, with options ranging from smaller accounts to larger accounts. This flexibility allows traders to choose an account size that suits their trading style and risk tolerance. CTI also has a higher maximum account size compared to FTMO, making it an attractive option for traders looking to manage larger sums of capital.

FTMO

FTMO also provides multiple account sizes for traders to choose from, catering to a variety of trading styles and risk tolerances. However, FTMO has a specific maximum account size, which may limit traders who are interested in managing larger amounts of capital.

Summary: City Traders Imperium vs FTMO

Both City Traders Imperium and FTMO offer funded accounts and valuable opportunities for traders looking to minimize personal risk and trade with a proprietary firm’s capital. Each company has its unique evaluation process, profit split, trading conditions, and growth opportunities.

City Traders Imperium stands out for its flexible trading rules and three-phase evaluation process, as well as its performance-based growth model. The firm also offers a higher maximum account size, making it an attractive option for traders seeking to manage larger amounts of capital.

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FTMO, on the other hand, offers a more generous profit split of 80% and a time-based account growth model. However, the firm has stricter trading rules and a specific maximum account size, which may be limiting for some traders.

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Ultimately, the choice between City Traders Imperium and FTMO will depend on the trader’s preferences, trading style, and goals. It is crucial for traders to carefully consider each firm’s offerings and requirements to determine which proprietary trading firm is the best fit for their needs.