REVIEW SUMMARY
City Traders Imperium is a Forex prop firm, located in UK. It was founded in 2018.
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Crypto.
Max balance: $2,000,000
Profit split: up to 100%
Cost: from $39
Platforms: MetaTrader 5
PROS & CONS
What I like:
What could be improved:
City Traders Imperium is a prop trading firm located in the UK.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from City Traders Imperium.
Here’s what you’re going to learn:
City Traders Imperium is a prop firm located in the UK. It was founded in 2018 so it already has some experience with funding traders.
City Traders Imperium is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of the instruments:
City Traders Imperium funds traders with account balances that go from $2,500 up to $100,000. These accounts can be scaled up to $2,000,000 as you keep having good results trading.
Depending on the product that you choose, you may get immediate funding, which applies to the No-Evaluation program, or need to pass an evaluation process with 1 or 2 phases.
The prices of the products are different according to the account size that you are applying to.
The prices of the smaller funded account start at $39 and go up to $4,799 for the bigger no-evaluation account.
The leverage provided by the prop firm depends on the program that you are trading. Here’s the list of the leverage by program:
The profit split is different according to the product that you chose.
Here’s the payout for each product:
We can say that this payout is pretty much what is normal across prop firms.
According to Trustpilot, City Traders Imperium is classified as excellent. It’s scoring an impressive 4.8/5.0 after more than 800+ reviews from users.
The 2-Step Challenge program was made for traders who want to join a prop firm that helps to maximize their gains faster.
This program has two phases to complete before getting funded. You need to trade for a minimum number of days and avoid exceeding a maximum daily drawdown and a maximum absolute drawdown.
Let’s look at all the details:
Basically, the rules for both phases of the 2-Step Challenge program are the same. The only exception is the profit target which is 10% when you are trading Phase 1 and decreases to 5% when you are trading Phase 2.
This Evaluation program was made for all traders and has a long time limit to pass the evaluation process.
The program has one single phase to complete before getting funded. There are no minimum number of days to trade. You just need to avoid exceeding a maximum absolute drawdown. There’s no daily drawdown rule in this program.
Let’s look at all the details:
The No Evaluation Funding program was made for professional traders, who don’t want to spend time proving themselves. In this program, you can skip the evaluation process and get funded from day 1.
There is just one simple rule that you need to follow.
If you like to use EAs to trade, City Traders Imperium supports you. The use of EAs is allowed although some types of strategies are banned.
Here’s a list of EAs/strategies that are not allowed:
You have a free trial with City Traders Imperium, which you can use to test the platform, check the spreads, check the commissions, do lot size calculations, and test the execution speed.
City Traders Imperium provides a free repeat for traders who want to take the Challenge program again.
The only requirement is that you didn’t violate any rule.
Use the promo code link below to get a free repeat. Don’t forget to delete your cookies if you already visited the City Traders Imperium website.
City Traders Imperium gives you access to a popular trading platform used by Forex brokers.
You can use:
The are no restrictions about leaving trades open overnight. The same applies to open trades during the weekend. You’re welcome to do that if that’s according to your own trading style. Just be careful with daily and weekend gaps.
There are some restrictions on news trading.
You can’t trade using bracketed orders. You know, when you put a buy and sell pending order just before the news is released. And you hope that one of your orders is triggered and it goes with the flow.
Well, this is forbidden, and actually a very risky behavior. There’s a lack of liquidity during news times, and most of your orders would open very far away from the triggering price anyway.
News scalping EAs are also forbidden. If you’re trying to use rapid scalping techniques around news time, you’ll not be allowed here.
Besides that, you’re good to trade, you just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Yes, City Traders Imperium is a legit company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
Here’s the list of the best City Traders Imperium alternatives:
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