Howdy guys! We’re here with another updated review for you guys, and we will be talking about City Traders Imperium. They had implemented numerous incredible updates in the past year from when we did the first Review regarding their prop trading firm. They have grown incredibly in this period and have become one of the leading prop trading firm options for Traders worldwide. If you are unfamiliar with City Traders Imperium, they’re a well-established prop trading firm Incorporated in July 2018. They offer traders the to choose between three different funding programs. They’ve got a one-step evaluation, a two-step evaluation, and direct funding.
City Traders Imperium Updated Review
Let’s jump in and see it all in a more depth updated Review and see if City Traders Imperium has precisely what you’re looking for in a prop firm. We’re going to jump straight into it and take a look at the different funding program options. They’re offering three different programs to choose from.
- Day trading funding program accounts (two-step challenge)
- Instant funding program accounts (one-step challenge)
- Direct funding program accounts
Day trading funding program accounts
Let’s start by looking at the trading objectives for the Day trading funding program accounts. The evaluation phase one requires a Trader to reach a profit Target of 10% while not surpassing their 4% maximum daily loss and 10% overall maximum loss rules.
You are required to hit your profit target 45 calendar days from the day that you place your first position on your evaluation accounts. You are also required to trade a minimum of five trading days.
Phase two requires a profit Target of 5% while not surpassing the 4% maximum daily loss and 10% overall maximum loss rules. Again you’re required to hit your profit target in 45 calendar days from the day you place your first position on your evaluation account. You’re required to trade a minimum of five trading days to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account. You have no profit Targets in the funded account. You’re only required, as always, to respect the maximum daily loss of 4% and overall maximum loss rules of 10%. You start with an 80 profit split on the first 10 percent, and when qualifying for the growth plan, your profit split increases even further to a higher 90 for a tier one growth plan and all the way up to 100 for a tier 2 growth plan.
In addition, when you become funded, Traders are eligible to receive monthly salary bonuses ranging from 100 up to one thousand dollars depending on the account size they’re trading.
Instant funding program accounts
Next, we have the Instant Funding Program Account. This is a one-step evaluation. It’s ideal for all types of Traders with medium-risk profiles looking for balanced and flexible rules.
CTI’s standard evaluation funding program account allows traders to meet the evaluation requirements in an unlimited time period, where you are allowed to trade with 1:10 leverage.
The evaluation phase requires a trader to reach a profit target of 9% while not surpassing their 5% maximum loss rule. You are allowed to trade for an unlimited time period. During this time, you are required to reach the profit target and while having no time limitations. While trading, you are also required to set a stop loss on every position that you open.
Direct Funding Program Account
Let’s take a look at the last one, which is the direct funding program account. City Traders Imperium Direct Funding Program Account allows traders to skip the evaluation altogether and start earning from the start. You are awarded 70- 100% profit splits based on the profit you make. Traders can trade with 1:10 leverage. You have no minimum or maximum time limitations.
What makes City Traders Imperium?
City Traders Imperium is different from other prop firms. CTI is different from other industry-leading prop firms because they offer three different funding programs, which is not the case for most prop firms. In addition, they also offer traders straightforward rules, which makes them an excellent choice for any Trader.
In conclusion, City Traders Imperium is a very legitimate and established prop trading firm. They’re offering Traders a chance to choose between three different funding programs. We definitely recommend City Traders Imperium to anyone who’s looking for a prop firm with straightforward trading rules as well as plenty of options in terms of their funding programs. So, after considering everything, CTI is definitely for sure one of the industry-leading prop firms.
For more in-depth details about the firm, read the Review.