Usually, it takes up to 5 days maximum to receive the withdrawal amount from your broker depending on the withdrawal method. If you withdraw to your credit/debit card, then it is usually instant. But if you withdraw using a wire transfer it can take up to 5 business day to receive the money from your broker to your bank account.
So, once you receive the money into your bank account, you need to make the transfer to our business bank account stated above. If we don’t receive our 35% profit share within 10 days of you receiving the invoice we sent to you, then your copy trading account will be suspended until we receive the money.
To avoid the account suspension, it is always advisable to upload a proof of payment, such as bank statement, or a screenshot of a payment so we are aware of the situation.
The profit share is not paid monthly. It is, however, paid every 3 months at the end of each quarter of the year. These specific dates are:
So, at the end of each quarter, we will send you an invoice with the amount equivalent to 35% profit share made during the current quarter.
Our bank details account are shown below for both UK and International payments:
If you live in the UK:
Beneficiary: CITY TRADERS IMPERIUM LIMITED
Account number: 02507153 Sort code: 04-00-75
Payment institution: Revolut
If you live outside the UK:
IBAN: GB45 REVO 0099 6990 0804 34
Always use the following reference when sending the payment “CT | [your first name] [your last name]”, for example, “CT | Michael Angelo”
Once you have made the transfer to our bank account, please upload a proof of transfer using the button below.
The formula we calculate the 35% profit share is
35% profit share = Current Period Total Profits x 35%.
For example, if you started the copy trading on 29 March 2020 with £5,000, and at the end of June your account had £3,000 in profits => then our profit share would be £3,000 x 35% = £1,050.