City Traders Imperium is the company providing the funding accounts to its student and traders.
City Traders Imperium supplies its traders with its trading capital to trade during the funded trader program. The trader will not be liable for any trading losses that may incur during the evaluation or the portfolio manager phase of the funded account 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 professional trader. In this stage, the trader must show a consistently profitable trading performance for the period of the evaluation specified by the company while meeting all the risk management policies.
The Portfolio Manager Phase (PM) is the phase where the trader has met all the trading requirements and passed the evaluation phase. During this phase, the trader will be fully qualified, and City Traders Imperium will contract the trader to trade the company’s own capital.
City Traders Imperium expects the trader to reinforce the risk management guidelines and policies over strategy. Below are the definitions and examples of components of the funded trader program rules:
City Traders Imperium prohibits the following:
The trader can trade any of the 28 currency pairs specified below:
The trader is allowed to trade the currencies pairs specified above. If the trader trades other assets not determined by City Traders Imperium, it will cause a termination of the Funded Trader Program and disqualification of the program.
The termination of the funding program can occur due to the trader inability to adhere to the risk policies for both the Evaluation and the Portfolio Manager phase.
The termination of the funded trader program may occur for any of the below reasons:
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.
By signing up to the evaluation for the funded trader program of City Traders Imperium, I hereby confirm and fully understand that my trading performance may also be affected by various conditions, as such:
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.