City Traders Imperium
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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.
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The Company, It's Funding, & Eligibility
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The Funding Program Definitions
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Profit Withdrawals
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Termination Of The Funding Program
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Communications With CTI
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Market Trading Conditions
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- City Traders Imperium™ is an educational company that runs an online trading community and a prop trading firm that funds its traders through its Funded Trader Program.
- City Traders Imperium Limited is a privately-owned company that operates under the brand name "City Traders Imperium". It is registered in England & Wales with the company number 11463147 and VAT number GB 341124840.
- City Traders Imperium in NOT authorised or regulated by the Financial Conduct Authority. It does NOT undertake any regulated activities, and it operates in compliance with the FCA guidelines.
- City Traders Imperium is not a financial institution of any kind. It's NOT a broker, and it does NOT market for any brokerage services.
- City Traders Imperium does NOT invest clients’ money or trade it on the financial markets. All funding is provided by the company's own, and its directors, capital.
- City Traders Imperium provides a practical educational evaluation in its Funded Trader Program to traders from any nationality giving an opportunity for enhancing their risk management and trading psychology and compounding profits in its Funded Trader Program.
- City Traders Imperium is continuously looking for the best traders, who are looking to develop and build a trading career, by trading the company's own capital and joining its online trading floor.
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City Traders Imperium (Company)
CTI is the company providing the funding to its student and traders.
You (The Student/Funded Trader)
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:
- The Evaluation Trader is a funded trader who is pursuing the evaluation on a live funded account to qualify for the Portfolio Manager (PM) once the evaluation trader meets the full funding requirements.
- The Portfolio Manager (PM) is a funded trader who has achieved the initial evaluation requirements and is trading a fully funded account.
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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.
Protection of The Trading Capital
- The funded trader is required to act responsibly while trading with CTI and throughout the whole duration of the Funded Trader Program to avoid any severe losses on the funded account.
- The funded trader must apply the required measures to enforce the risk management policies specified by CTI.
- The funded trader must not give access to the funded account to any 3rd parties. Doing so will terminate the activity of the trader.
- If the funded trader believes the account credentials have been lost or stolen, the trader must report to CTI via email immediately – [email protected]
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- City Traders Imperium charges only a one-time fee to cover the trading costs and/or losses the funded trader may incur during the evaluation phase of the Funded Trader Program.
- CTI does not charge any monthly or recurring fees throughout the whole Funded Trader Program.
- The sign-up fee is NOT a deposit into a trading account of any kind.
The Funded Trader Program Refund Policy
- CTI does NOT refund any sign-up fee once the funded account has been issued to the funded trader.
- Once the funded trader started trading the evaluation funded account, the trader cannot upgrade to a larger funded account, nor downgrade to a smaller funded account.
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- Anyone who is above 18 years.
- Traders from any nationality from Europe, North America, South America, Africa, Asia, Australia, & New Zealand.
- The funded accounts are available for individual traders and companies to trade the CTI’s capital during both the Evaluation and Portfolio Manager Phases.
- ID as proof of identity. This is to prove that the trader is the only one trading the funded account.
- The Funded Trader Program is not designed for large organisations, a group of individuals, or copy traders.
The Experience Level
- The funded trader must have at least some knowledge with forex trading terms, such Market Open and Closing Hours, Economic Calendar and Releases, Flexible and Fixed Spreads, Commissions, Overnight Swaps, Pip, Point Value, Lot Size, Stop Loss, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Drawdown $, Drawdown % types.
- The funded trader must also demonstrate adequate trading skills during and after passing the evaluation.
- The funded trader must understand the risk management policies and the minimum requirements.
- The funded trader must adjust his/her strategy risk exposure to match the requirements of the Funded Trader Program before starting to trade with CTI's capital.
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- City Traders Imperium provides the trading platform MT4 to its funded traders.
- The funded trader will have full control of the trading platform.
- CTI will not interfere with any funded trades unless the trader is not complying with the risk management policies.
- CTI provides MT4 platform on Windows OS only. Any trader with a Mac IOS can install the MT4 using an assistant software, such as Parallel, or Play on Mac. The trader can also use FxPro MT4 for Mac platform as a medium to trade with City Traders Imperium’s funded account.
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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.
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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.
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- City Traders Imperium requires each funded trader to manage their positions according to the risk management policies and trading guidelines specified on the website.
- CTI will observe the trading activity of its funded traders and warn them for any violations of the risk management policies.
- If the funded trader doesn’t comply with the risk policies, CTI has the right to terminate the traders’ account and exclude them from the Funded Trader Program.
- However, the funded trader can always apply again for the Funding Trader Program if they wish to comply with the risk policies during their new evaluation.
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All Profit payment are made using one of the following options: Transferwise, Revolut, PayPal, and/or Bank Transfer.
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The Evaluation Profit Payment
- City Traders Imperium pays the net profits to the funded trader, once s/he achieves the milestone profit target $, in one lump sum payment at the end of the evaluation.
- If the funded trader fails the evaluation with a profit, CTI still pays the net profit $ due to the funded trader.
The Portfolio Manager (PM) Profit Payment
- City Traders Imperium pays for net profits $ to the portfolio manager (PM) traders at long as the trader has made net profit $ in the current month relative to the previous month.
- All Portfolio Manager Phases profits are paid out during the 1st week of the month.
- There is no minimum requirement for the profit withdrawal. CTI will never stop the portfolio manager from withdrawing s/he profit share upon request, as long as it is requested at the end of each month.
- Any open trades are unrealised profit or loss. They are not taken into consideration unless they have been closed before the last day of the month.
- If the trader makes no profit in a given month, no profit will be paid until the trader recovers the losses from the previous month and reaches a new high watermark profit.
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- In order to withdraw, the Portfolio Manager has to send an email to CTI requesting a withdrawal at the end of each month; otherwise, CTI will assume that the Portfolio Manager wants to leave his/her profit share in the account.
- The Portfolio Manager will specify to CTI, how much s/he wishes to withdraw and how much profit to leave in the account.
- Any 60% profits share paid out to our Portfolio Managers is deducted from the account balance.
- CTI will also withdraw its 40% share of profits every time the funded trader requests a withdrawal. However, the withdrawal will not affect the account growth, and it does not require the funded trader to compensate for the profit withdrawn.
- However, after withdrawal, the funded trader will only have to make the remaining profit to complete the profit target objective in the following time.
- CTI will not penalise the trader for withdrawing as they gradually make profits.
Example
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.
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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:
- Reaching the maximum loss value $.
- Frequent violation of any of the Risk Management Policy Guidelines.
- The expiration of the Evaluation of the evaluation account.
- The misuse or abuse of the program.
- The use of the Funded Trader Program for any other purpose than the authenticity of the individual trading.
- High Frequency Trading & Ultra Fast Scalping.
- Group Trading (Manually or Using the same EA by one individual on Multiple accounts, and/or by Multiple Individuals on Multiple Accounts).
- Social Trading, Copy Trading, and any mirrored trading activity.
You agree that at all times, City Traders Imperium have the right to terminate its funding as it sees fit to its funding requirements, risk tolerance, 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 reasons other than the presented above, CTI will issue a full refund of the sign-up fee to the evaluation trader.
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At the event of a termination, the following measures will take effect:
- City Traders Imperium will send an official notice of termination will to the trader.
- CTI will disable the trading permission in funded account.
- CTI will freeze access for the funded account and platforms provided to the funded trader.
- CTI will send a full detailed trading report to the funded trader by email upon request.
- If the funded trader is in net profit $, CTI will calculate the total net profits $ made on the funded account and pays the funded trader the specified portion during the same calendar month.
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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.
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- City Traders Imperium prohibits trading the Funded Trader Program in coordination with other active traders.
- CTI prohibits using the name of another trader on 1 or more accounts.
- CTI prohibits duplicating trades and orders by using a copy trading service. However, the funded trader can copy from his other personal accounts into CTI account.
- If the funded trader has more than one account with CTI, the funded trader cannot hedge among accounts. Each account will be treated individually.
- CTI allows the trader to open as many evaluations as possible; however, it prohibits the trader having more than 1 Portfolio Manager Fully Funded Account.
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- Email is the official medium of communication between the funded trader and City Traders Imperium.
- CTI will communicate with the funded trader in real-time and to the best of its abilities to provide fast and reliable service to its clients.
- The funded trader must provide a valid email while enrolled in the Funded Trader Program to allow real-time communications with CTI’s staff.
- CTI has the right to either freeze or terminates the funded account had the funded trader failed to respond to the company’s emails.
- CTI provides backup media of communication represented in the following: Facebook, Instagram, on-site contact forms, and phone calls.
- The funded trader must notify the CTI of any changes in the trader’s email address.
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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.
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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.
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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.
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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.
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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.
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The fixed commission is $9 per round lot traded.