City Traders Imperium Review

City Traders Imperium is a proprietary firm that offers traders the opportunity to gain access to a funded trading account. They were incorporated in July 2018 and are located in London, UK and have been offering funded trading accounts since at least January 2020. Read our review to find out how this prop firm works and for a 5% discount code on purchases with them using our coupon.

4.0/5
City Traders Imperium Review

Advantages

  • Maximum capital of up to $2,000,000
  • Offers direct funded accounts
  • Can trade news, overnight & weekends
  • Educational content for all traders

Disadvantages

  • 30 Active Trading Days requirement
  • 5% Maximum Drawdown allowance
  • Relatively lower leverage of 1:10

How does This prop Firm Work?

City traders Imperium allow you to purchase an evaluation or skip this stage and purchase a direct funded account in order to trade with them. Just as many of the other firms in this industry do, this company has their own version of the rules and regulations usually applied to their modeling. In order to pass an evaluation you must adhere to their rules and regulations so you do not breach the rules and have your evaluation account terminated.

Their rules include a 7 or 9% profit target, stop loss requirement for each trade which has a 1.5% maximum of the initial account balance. They have a maximum Absolute and Relative drawdown of 5% which is based on the equity of your account. They also require traders taking the evaluation to complete a minimum of 30 “Active Trade Days”. For this company, this means that a trader must place an individual trade on 30 separate days in order to achieve this target. Once you have hit the profit target whilst adhering to their other rules, you progress to the Portfolio Manager phase. Here you can have your Maximum Drawdown increased to 6% which you can find out about using their free funded trader program course. The rules differ slightly based on either the Classic or Standard evaluations.

City Traders Imperium also offers a direct funding method, meaning they allow traders to purchase a funded trading account without having to pass an evaluation. These accounts are similar in rules minus the profit target as they do not have any assessment phase. You are however, able to trade with leverage of up to 1:10 with both account types.

All of their accounts offer the option to scale up to their maximum capital, however this is done in stages based on profit targets for each scale up increment.

How much Capital do they provide and what are their prices?

City Traders Imperium offers traders the opportunity to manage capital of up to $4,000,000. You can obtain these funds through their scaling model and having Portfolio Manager accounts. They offer their Classic and Standard evaluation accounts along with Classic and Standard Direct Funded accounts.

The costs for the Classic Funded accounts are as follows:

$2,500 Evaluation account for £109
$5,000 Evaluation account for £199
$10,000 Evaluation account for £379
$12,500 Evaluation account for £449
$17,500 Evaluation account for £649

$20,000 Classic Direct Funded account for £999
$40,000 Classic Direct Funded account for £1,799
$50,000 Classic Direct Funded account for £2,199
$70,000 Classic Direct Funded account for £3,099

The costs for the Standard Funded accounts are as follows:

$2,500 Evaluation account for £109
$5,000 Evaluation account for £199
$10,000 Evaluation account for £379
$12,500 Evaluation account for £449
$17,500 Evaluation account for £649

$20,000 Standard Direct Funded account for £999
$40,000 Standard Direct Funded account for £1,799
$50,000 Standard Direct Funded account for £2,199
$70,000 Standard Direct Funded account for £3,099

Are They legit?

City Traders Imperium have been established as a UK proprietary firm for almost 4 years proving their longevity as a company. They also have over 570 reviews on Trustpilot with an 88% excellency rating from their traders which gives a great example of their legitimacy. They have a great presence on social media accounts, including over 3.200 subscribers and over 100 uploads on their channel. They also have almost 14,000 followers on Instagram and almost 2,000 followers on Facebook, and also use Twitter and LinkedIn. All this presence on social media with public following is a great indicator of their legitimacy.

What platform do they use?

City traders Imperium use MetaTrader5 as their trading platform.

What markets can be traded?

City Traders Imperium are slightly limited in their available trading instruments. They only allow you to trade on Forex and Gold at the evaluation stage. When you become a funded Portfolio Manager, they allow you to also trade Indices on top of Forex and Gold.

Do They Trade Crypto?

City Traders Imperium are different from most prop firms as they do not have a broker. They are partnered with a liquidity provider to give them direct market access. They state their costs are $9 round trip which is $4.50 in and $4.50 out, meaning a trade costs about 1 pip in total. Their spreads are reported as very low, being as little as 0.00 mostly. Their spread can be around 0.02 on majors and a little more on minors.

How much does the company charge as commission and spread?​

Due to the limited instruments available with City Traders Imperium you cannot currently trade cryptocurrencies.

What are Their Withdrawal Options?

City Traders Imperium offers withdrawals through TransferWise, Revolut and Paypal. Their withdrawal options are different to most as they pay the first amount of your withdrawal back to your original payment method, to the value of your purchase. Then you are asked to invoice them for the rest of the withdrawal amount. You are permitted to make a request once per month within the last 5 days of the month, and withdrawals can take up to 7 days.

Do they provide education and training?

City Traders Imperium are slightly limited in their available trading instruments. They only allow you to trade on Forex and Gold at the evaluation stage. When you become a funded Portfolio Manager, they allow you to also trade Indices on top of Forex and Gold.

Do they have Support and Contact options?

City Traders Imperium have several options for support. While they do not have a real time live chat option, you are able to contact them via a chat box option on their website where you will receive a response through email. They also have their support email as well as the option to contact them on their social media platforms. There is a detailed FAQ section on their website which answers many common queries and they also have a discord server with a support section for any issues.

What makes them unique?

City Traders Imperium have several unique features that makes this prop firm stand out from the others that we see. Starting with their minimum trading day rule, it’s interesting to see that they ask traders to have at least 30 active trading days. This means that you need to open a new, unique trading position across 30 different days during their evaluation period.

Another unique difference with this company is the fact that they are partnered with a liquidity provider, instead of a broker. This means that they are given direct market access and as a result can offer very low spreads. They also offer educational content, both free and paid for, which is accessible for traders at all different stages in their trading careers.

It is also worth noting their position sizes come with restrictions that allow traders to manage their risk. As well as this, traders must not close trades without a stop loss. While there are some restrictions with this company, you are able to trade news and weekends and hold overnight and they allow the use of EA’s, within reason.

Overall, City Traders Imperium are a good choice for gaining access to a funded trading account, they have longevity in the industry which is always a plus and fair and transparent rules. As with many of the prop firms available, they each have their own combination of rules for you to decide which best suits you as a trader. We did reach out to this company and were able to source a coupon code for our readers, offering 5% off your purchase. You can enter the code “ctidiscount5%” at the checkout for 5% discount of your evaluation or direct funded accou

If you’d like to visit their website, or buy a program you can do so here.