By Signing up to the CTI's Funded Trader Program, you will be agreeing to all of our Terms and Conditions of funding, which are presented below.
CTI is the company providing the funding to its student and traders.
By signing up to CTI’s Funded Trader Program, you are agreeing on the terms and conditions of funding as presented on our website. You will have 2 roles while you progress:
City Traders Imperium supplies its traders with its trading capital to trade during the Funded Trader Program. The funded trader will not be liable for any trading losses that may incur during the Evaluation or the Portfolio Manager Phases of the Funded Trader Program.
The Evaluation Phase is the first stage of the Funded Trader Program, where it is provided for the practical part of their educational journey to become a Portfolio Manager at CTI. In this stage, the trader must show a consistently profitable trading performance for the period of the evaluation specified by the CTI while meeting all the risk management policies.
The Portfolio Manager Phase (PM) is the phase where the funded trader has met all the trading requirements and passed the Evaluation Phase. During this phase, the funded trader will be fully qualified, and CTI will contract the trader to trade the CTI’s own capital.
All Profit payment are made using one of the following options: Transferwise, Revolut, PayPal, and/or Bank Transfer.
For example, suppose the funded trader passes the $12.5k evaluation and is now a Portfolio Manager on the $50K funded account. In that case, they will have a profit target of $6,250 (12.5%). If in this case, in their first month, the funded trader makes a profit of $3,000 (6%) bringing the account balance to $53,000; the funded trader will have three choices: (a) withdraw the full amount, (b) withdraw a partial amount, or (c) keep the funds in as an extra buffer against drawdown.
Suppose the funded trader requests a withdrawal of his/her 60% profit share, which in this example is $1800. Then, CTI will also withdraw its 40% profit share ($1,200) from the funded account. Thus, the account balance will drop back to $50,000, and the trader’s fixed stop out level will remain $48,000.
However, after withdrawal, the funded trader will only have to make the remaining $3,250 (6.5%) to complete the profit target objective in the following time. This is because the funded trader has a target to generate $6,250 in profit $ in total, and CTI will NOT penalise the trader for withdrawing as they gradually make profits.
The termination of the Funding Trader Program can occur due to the trader inability to adhere to the risk policies for both the Evaluation and/or The Portfolio Manager phases. The termination of the Funded Trader Program may occur for any of the below reasons:
At all times, City Traders Imperium have the right to terminate the evaluation as it sees fit to its funding requirements and willingness to risk its own capital on the trader at its own discretion. In such rare cases, where CTI decides to terminate the evaluation for reason other than the presented above, CTI will issue a full refund of the sign-up fee to the evaluation trader.
At the event of a termination, the following measures will take effect:
The trader can sign up again for the City Traders Imperium’s Funded Trader Program regardless of the number of past terminations, as long as the trader complies with the policies upon the most recent application. Nevertheless, City Traders Imperium has the right to refuse to re-sign up at its discretion.
Subject to the terms of this agreement, neither party hereto, shall be prejudiced in any way by inadvertent errors or omissions made by such party, providing such errors and omissions are corrected promptly following discovery thereof.
Upon the discovery of an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as possibly practicable to restore both parties to the fullest extent possible and to the position they would have been in, had no such inadvertent error or omission occurred.
City Traders Imperium reserves the rights for future changes of these Terms and Conditions, upon notifications via an official email address given from the trader. The trader will be committed to the changes, or will officially be asked to resign from the program.
Different market conditions and liquidity can cause spreads to vary accordingly. At high volatility events, such as during high impact economic releases, the spreads can widen. However, the spreads we use are very competitive, and it is usually 0.3 pips for EURUSD on average.
City Traders Imperium does not guarantee the execution of the limit and stop orders at the best price during abnormal, unexpected high impact events, or very volatile periods. However, the limit and stop orders will be executed at the next best available prices in the order books. Ordering at specifically requested price is not guaranteed for limit or stop orders during abnormal and volatile periods – the price will be filled at the next best price according to the exchange order book.
Sometimes, during very illiquid periods, the markets can gap significantly. Any orders placed at prices with no quotes will be filled at the next available price. This may result in opening the trade at a less favourable price.
At the end of each day, between 10 PM & midnight London’s time, the banks move vast amounts of orders from the current day to the following day. This may cause spreads to be significantly increased. Therefore, it is advisable to widen stop losses during these times to avoid unwanted execution of nearby orders due to technicalities.
The fixed commission is $9 per round lot traded.