City Traders Imperium

1. CTI funded account programs

As is the case with the majority of prop firms, CTI does offer an evaluation account that appears to be scalable based on profit targets met. They enable Forex traders to have up to five evaluation accounts, which is more than other prop firms, but we question the profitability for a Forex trader. The packages are well labelled and come in five different sizes.

What we found interested about this prop firm is that their live instant funding is quite large when compared to other prop firms like The 5%ers. They provide instant funding ranging from $20,000 to $70,000.

This modification has resulted in a significant increase in price, which would appeal to only the most serious Forex traders. As the majority of Forex traders in the prop world are relatively new to the market, most are looking to transform a small amount of capital into a viable career path.

Finally, it would have been preferable if the accounts had been funded in GBP pounds. Because every other aspect of this British firm, such as joining fees and referrals, is denominated in pounds, it would have been helpful to have them handle their capital in the same currency. Forex traders must consider how exchange rates effect their profits and earnings.

2. Trading rules and environment

So, their evaluation is interesting, given the cheaper registration fees and the stated time limit of up to one year. This is the longest period we have observed in the industry, demonstrating that this company allows traders to relax and trade at their own pace.

Especially for inexperienced Forex traders with busy lives, there may be occasions when time away from trading is essential, which may be arranged through the firm. They state that if the profit target is not met within a year, they would terminate the account.

3. Minimum trading day rule

On the other hand, it brings us to a point we do not necessarily agree with, which is a requirement for a minimum trading days. They have a larger, 30-day minimum trading day requirement to pass the evaluation process.

Additionally, they state that not all calendar days are considered trading days, since you might maintain a position for four days and only count it as one trading day. They state that they urge Forex traders to be consistent and refrain from gambling. They expect a Forex trader to trade consistently throughout the evaluation, and trades held for a very short period of time in order to satisfy the required trading days will not be counted.

This is a harsh rule for a Forex trader and we believe it would be better to change to reflect the needs of the Forex trader. Firms like Forex Traders UK, for example, have no minimum trading day rule on their instant packages, and it is important for other firms in the industry to keep up with progress.

4. Stop loss amount

The assessment allows a strict 1.5 percent stop loss with a maximum loss of 5% on a relative drawdown. Additionally, they have a maximum loss allowance for each package, which is noted individually. With regards to the drawdown rules, they may suit certain Forex traders, particularly those who have written a favorable review. However, we believe that there are alternative prop firms that do not adhere to such rigid criteria and would provide a Forex trader with more upsides.

They have some comparable criteria for live instant funded accounts, such as the 1.5 percent maximum loss rule. If you purchase a portfolio manager program (live account package), you will be subject to the same 5% maximum loss limit. This percentage is reduced to 6% if the Forex trader has passed an evaluation account. This is an intriguing concept, incentivizing Forex traders to open an evaluation account.

While we disagree with several of the restrictions in our CTI review, they do appear to be reasonably flexible and will not disqualify Forex traders who make genuine mistakes. Obviously, if a maximum loss rule is violated, the account will be immediately closed; however, if other rules are violated accidentally, they state that the trader will not be disqualified, but profits earned as a result of the violations will not be counted, which leaves some room for interpretation in certain situations.

5. Pay-out time

To begin, when we clicked on their information link on their website in order to learn more about their funding processes and pay-outs, we were directed to a WordPress page that lacked a professional feel. With large prop firms emerging and establishing a reputation among other Forex traders, these faults and difficulties must be addressed immediately.

6. Unique features

A nice, unique feature we’ve noticed from this prop firm is that they offer a robust education program that runs concurrently with the funding models. They provide a mastermind program, a STT strategy, and a corrective strategy.

We haven’t yet gone into the depths of these courses in our City Traders Imperium review, but they appear to be very comprehensive, with some positive feedback from other Forex traders. They assert that their education is inclusive and continues to provide support. They state that it will take between one and two months to fully register all of the information and use it to begin making a profit.

7. Customer care

After a few of days of trialling the live chat, we did notice a poor response time when asking some basic inquiries. Nowadays, the majority of prop firms, particularly the larger ones, have live chat operators available 24 hours a day to assist anyone with questions.

If you are a legitimate prop firm with a sizable revenue stream, there is no reason why this cannot be accomplished as quickly as possible. They appeared to be helpful by email, and anyone contacting them via their primary support email should have no difficulty reaching them.

Likewise, if you require further support in the form of education or psychological counselling, they highlight the fact that they support all of their Forex traders to the best of their abilities. They appear to have the resources, and after examining online sources reviewing this company, we feel it is safe to engage with and trade with this prop firm.

However, in our opinion, it would be best to browse other prop firms with less stringent restrictions and lower fees to find one that fits your trading style better.