Is City Traders Imperium the Top Choice for Crypto Prop Trading? An In-depth Look

Jeremy BiberdorfBy: Jeremy Biberdorf

October 23, 2023October 23, 2023

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About City Traders Imperium: Located in the heart of the UK, City Traders Imperium is a prop trading firm that has carved its niche in funding traders since its inception in 2018.

The firm boasts a rich portfolio, allowing traders to dabble in a range of assets. City Traders Imperium covers an extensive array of instruments, including:

  • Forex: Trading major and minor currency pairs.
  • Indices
  • Metals: Specifically, Gold and Silver.
  • Commodities: With a focus on Crude oil.

Learn More About City Traders Imperium

Account Sizes and Scalability

The prop firm offers varied account sizes, ranging from $10,000 to a whopping $100,000. For traders with consistent performance, the account can further be scaled to reach up to $2,000,000.

The firm offers two distinctive paths – Direct Funding and an evaluation route encompassing the CTI Evaluation and CTI Challenge programs. The cost to embark on this journey varies, starting at $99 and stretching up to $4,399.

As per industry norms, the company’s payout structure aligns well with most prop trading firms.

Reputation Matters Trustpilot’s scores shed light on the firm’s credibility. With an outstanding rating of 4.8/5.0, City Traders Imperium shines brightly, backed by over 800 user reviews.

Challenge Program

A Closer Look at the Challenge Program Aimed at traders eager to amplify their gains, the Challenge program demands the completion of two phases before funding is released. Key features include:

  • Trading duration: Minimum of 5 days, capped at 45 days.
  • Drawdown restrictions: Daily drawdown should not surpass 4% of the day’s starting balance, with an absolute drawdown limit of 10% from the initial balance.
  • Profit aspirations: 10% for phase 1, tapering to 5% for phase 2.

Final Verdict City Traders Imperium, with its expansive offerings, competitive profit distribution, and robust evaluation system, certainly stands out in the crowded prop trading space.

However, like any trading tool or platform, potential users should conduct thorough research and perhaps even a test run to ensure it aligns with their trading style and goals.

What Sets City Traders Imperium (CTI)

Extended Evaluation Phase City Traders Imperium’s distinct one-year evaluation period stands in stark contrast to the typically shorter time frames provided by competitors.

This longer span gives traders of all styles – swing, position, or day trading – an enhanced opportunity to demonstrate their potential.

Holistic Mentoring

CTI isn’t just about trading; it’s about grooming traders. Rather than merely focusing on market analytics, CTI provides an all-encompassing trading education.

From in-depth courses to invaluable psychological training sessions, CTI aims to arm its traders with a distinct advantage in the forex domain.

Financial Model

CTI breaks away from the standard recurring fee model, which many prop trading firms adhere to. Instead, they’ve opted for a refreshing one-time payment system, making the financial dealings straightforward.

Realistic Offerings and Reputation

City Traders Imperium shines with its pragmatic terms. Their combination of fair leverage, adept risk management techniques, and the bifurcated evaluation period put them on the map as one of the premium-funded forex trading platforms.

Their structure makes it feasible for traders, whether dabbling part-time or diving in full-time, to envision and attain success.

In the trading realm, reputation is paramount. CTI stands tall in this department. A stellar rating on platforms like Trustpilot, bolstered by an array of positive reviews, underlines their dedication to upholding top-tier customer service and ethical standards.

Adept Education & Support

The true essence of a prop firm extends beyond just funding. Traders often seek mentorship and a guiding hand, and CTI delivers precisely that.

Their acclaimed ‘Golden Traders mentorship program’ is designed to instill traders with strategic planning skills, decision-making prowess, and efficient risk management techniques.

Additionally, the emphasis CTI places on the mental aspects of trading ensures that traders are not only technically proficient but mentally attuned to market dynamics.

This psychological mentoring, paired with the platform’s interactive engagements, ensures that traders are equipped, both intellectually and emotionally, to navigate the trading waters.

Understanding City Traders Imperium’s Funding Programs

1. 2-Step Challenge Funding Account

Concept

This is essentially a test of your trading skills. Traders are provided a demo account and must prove their mettle before getting a real funded account.

Phases

Two phases are present. In Phase 1, you must hit a 10% profit target. Phase 2 demands another 5% profit based on the initial amount. Each phase allows 45 days to reach the set goals.

Drawdown Limitations

On any given day, you can’t lose more than 4% from the start, and overall, you cannot lose over 10% of the initial amount.

  • Reward: Completing the challenge entitles traders to a real funded account where they can earn between 80% and 100% of the profit share.

2. 1-Step Instant Funding Account

Concept

This is about ease and immediacy. Choose an account, fund it, and you’re immediately ready to trade with a boosted balance.

Balance Multiplication

CTI provides traders with five times the initial funded amount, meaning you start with a substantial sum.

Flexibility

You trade at your convenience without worrying about time constraints or minimum trading day requirements. Essentially, there’s vast freedom in this account.

Limitations and Growth

The maximum loss you can incur is capped at 5% of your starting balance. However, with every 9% profit, you climb a rank, allowing you better profit splits, potentially reaching 100%.

3. Direct Funding Account

Concept

Direct Funding offers a mix of high stakes and high rewards. There’s more money to start, which comes with both increased potential for profits and risks.

Key Features

Like Instant Funding, there are no time boundaries, and the max absolute drawdown is set at 5%. Achieving up to 100% profit share remains possible.

Risk-Reward Balance

This account demands a higher initial investment but also grants you a larger starting balance. But remember, any loss (drawdown) comes directly from your pocket.

Liquidity Advantage

A standout feature is the flexibility in withdrawals. Traders can pull out their portion of profit anytime, a feature exclusive to the Direct Funding account.

Wrapping Up: Is City Traders Imperium The Best Crypto PropTrading Firm

City Traders Imperium stands tall among prop firms, exuding a strong blend of adaptive regulations, immediate account funding, growth-driven programs, and an enticing share in profits.

Distinguishing itself in the realm of guidance, CTI’s mentorship initiative is unparalleled. It offers the rare opportunity of direct coaching from a foundational member of the firm, ensuring a deeper insight into the trading world.

While many prop trading firms excel in specific facets, City Traders Imperium delivers an all-encompassing experience, seamlessly integrating stellar accessibility, unwavering support, and competitive spreads. This trifecta is seldom seen in the industry, marking CTI as a cut above the rest.

Whether you’re entrenched in day trading, EA, news reporting, or swing trades, CTI poses an invaluable asset. It brings forth a plethora of attributes that warrant serious consideration for any trader seeking an edge in the market. Click here to sign up for an account.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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