City Traders Imperium

DAY TRADING FTP FAQs

GETTING STARTED

The Challenge starts on the day we send you the account logins. If you don't wish to trade on the same day or two after signing up, then we advise you to sign up on the day you will be entering trades or a day before. 

Unfortunately, we don't allow for free trials at the moment but we will work towards providing one in the future.

There is no limit on the number of Challenge accounts and we allow only 1 live account per trader. However, this is only temporary and we will open up for more than 1 live account per funded trader in the near future.

The max increase per account is up to $200,000.

During the Challenge, you cannot merge accounts and each Challenge must be traded separately. However, after passing each Challenge, you can merge accounts up to $300,000 per account.

For example, you could have 6 x $50,000 accounts or 10 x $25,000 or 3 x $100,000 accounts.

No. The 45 days is the max time allowed per challenge. As soon as you meet all the other requirements, you will move to the next step, given there are no violations.

We are giving 45 days for each Challenge Phase unconditionally and we believe that this is more than enough to pass the Challenge and more than what you would be getting anywhere else.

We ask for KYC once passing the Challenge to verify your identity. Therefore, we will ask for one of the following:

  1. Proof of Address: Internet Bill, Utility Bill, Tax Document.
  2. Proof of Identity: ID, Passport, or Driving Licence. 

Currently, we are only offering MetaTrader5 for Windows and Max OS.

Our spreads are one of the lowest in the market at an average of 0.3 pips on EURUSD.

FAQs - Spreads 1

Absolutely! we understand how annoying it can be to not be able to trade during market volatility. So we make it available for you to trade during any low, medium, or high impact news at any time with no restrictions.

Yes of course we do! We welcome all kind of traders into our challenge and live accounts.

Yes! The worst thing that can happen is that you pass the 1st Challenge "Assessment Phase I" and then lose in profit only to have to start again. 

So, we give you a one-time retake as long as you meet the following requirements: 

  1. Lost on the 2nd Challenge "Qualification Phase II"
  2. You were in Net Profit in the Qualification Phase II.
  3. Have not violated any of the Day Trading FTP rules.

If you fail during the 1st Challenge "Assessment Phase I" then you will be entitled to a 10% Discount on your next Challenge.

Withdrawals & Payouts

Once you pass Phases 1 & 2 of the Challenge, you will receive a 70% Profit Split on your 1st 10% Net Profit you make on the Live account. Then you will continue with an 80%/20% Profit split.

Once you qualify for Tier 1, we will give you a 90% Profit Split. 

Once you qualify for Tier 2, we will give you a 100% Profit Split. That's right! it's 100%.  At this point, you can replace your personal account. 

To qualify for 90% Profit Split "Tier 1", you must qualify for an increase in your account size.

To qualify for Tier 1 level:

  1. You have to make 10% over a complete cycle of 4 months with an average of 2.5% per month. 
  2. You have two out of the Four (2/4) months in net profit. 

To qualify for 100% Profit Split "Tier 2", you must repeat Tier 1 three times.

To qualify for Tier 2 level, you have to

  1. Make 10% over a complete cycle of 4 months with an average of 2.5% per month. 
  2. You have two out of four (2/4) months in net profit.
  3. Repeat (1) & (2) three times.

After receiving your Live Account, you will be able to request withdrawals if you need one of the following two conditions:

  1. 1 month after placing your first trade; or
  2. Achieved at least 15% in profit.
 

Please send your withdrawal request to [email protected] titled "Challenge Withdrawal Request" and include your

  1. Account number.
  2. Amount to Withdraw.

We will review your account, and if there are no violations, we will process your withdrawal right away.

Unfortunately, if a violation has been detected on your account, that account will be suspended and will not qualify for any future payouts. However, you can start a new challenge account at a 10% discount.

Challenge Rules

Yes! we have no issues with hedging positions. However, you need to be aware that risk is not reduced when hedging positions. Each open position is still considered a new position.

Copying from other traders or account is prohibited. However, you can copy trades from your personal account or another Challenge into our CTI account. 

Please be aware that you must submit the investor password in order to verify trades being copied from your personal account or another challenge into ours.
 
You must proove to us that "you" can trade and not others.
 
Copy trading from other traders and/or Challenge services that trade for you to help you pass the Challenge will cause the immediate termination of your funded account.

The 2 main rules you need to be aware of that get you disqualified immediately are (1) The Max Daily Drawdown and (2) The Max Absolute Drawdown. 

To have max transparency, we have an automated system that will close all your open trades and freeze your account immediately once one of the rules above is breached. Only account reviews are done manually.

If at any point you violate the drawdown rule, you will not be eligible to continue on the same account and your account will be terminated.

When You Pass

Well done! Please send an email to [email protected] to review your account. Please make sure to include the following:
  1. Account name. 
  2. Account number.

Once we review your account, we will get in touch with the next steps. Please allow up to 24 hours before sending us further emails.

You must qualify for Tier 1 level where:

  1. You have to make 10% over a complete cycle of 4 months with an average of 2.5% per month. 
  2. Two out of the Four (2/4) months are in net profit. 
  3. Your account balance must be positive at the time of upgrading the account. 
  4. Every 4 months is considered 1 cycle, with the 1st cycle starting the date of issuing the account.

We will increase your account size in increments of 30% of the First Account Balance each time you qualify for account growth.

For the $10,000 Challenge, your account will grow in increments of $10,000 x 30% = $3,000.

For the $25,000 Challenge, your account will grow in increments of $25,000 x 30% = $7,500.

For the $50,000 Challenge, your account will grow in increments of $50,000 x 30% = $15,000.

For the $100,000 Challenge, your account will grow in increments of $100,000 x 30% = $30,000. (Coming Soon).

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