Terms & Conditions
By Signing up to the CTI’s Funded Trader Program, you will be agreeing to all of the following Terms and Conditions of Funding below:
- City Traders Imperium™ is an educational company that runs an online educational trading community and a prop trading firm that funds its traders through its Funded Trader Program™.
- City Traders Imperium™ (Reg. No. 00003522228) and "Funded Trader Program™ (Reg. No. 00003495062) are registered trademarks of City Traders Imperium Limited.
- City Traders Imperium Limited is a privately-owned company under the brand name "City Traders Imperium™" or "CTI". It is registered in England & Wales with the company number 11463147 and VAT number GB 341124840.
- City Traders Imperium is not authorised or regulated by the Financial Conduct Authority. Accordingly, 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' capital 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 forex traders from any nationality, giving them an opportunity to enhance their risk management and trading psychology and compounding profits.
- City Traders Imperium is continuously looking for the best traders looking to develop and build their careers by trading the company's own capital and joining its online trading floor.
City Traders Imperium, "CTI" (The Company): CTI is the company providing the funding to its students and Evaluation Traders.
You (The Student and/or The Funded Trader): By signing up to Funded Trader Program™, you agree to the Terms and Conditions of Funding as presented on CTI's website. Upon signing up, you will have two roles to progress through:
1. Evaluation Trader (ET): A funded trader pursuing the evaluation on a live funded account to qualify for the Portfolio Manager (PM) once all the evaluation requirements are met.
- The Evaluation Phase: is the first stage of the Funded Trader Program™, where the Evaluation Trader is provided with the practical part of CTI's educational journey to become a Portfolio Manager at the company. At this stage, the Evaluation Trader must show a consistently profitable trading performance for the period of the Evaluation Phase specified by CTI while meeting all the Risk Management Policies.
2. Portfolio Manager (PM): An Evaluation trader achieved the initial evaluation requirements and moved to the next phase trading a fully funded account; or a Direct Funding Trader who signed up to one of the Direct Funding Plans, skipping the evaluation phase.
- The Portfolio Manager Phase: is the phase where the Evaluation Trader has met all the trading requirements and successfully passed the Evaluation Phase or The Funded Trader signed up through the Direct Funding route. The Portfolio Manager will be fully qualified during this phase, and CTI will contract the trader to trade CTI's own capital.
- The Traders can be anyone who is above 18 years.
- Any Trader from any nationality (Europe, North America, South America, Africa, Asia, Australia, & New Zealand) can join.
- The funded accounts are available for individual traders to trade the CTI's capital during the Evaluation and Portfolio Manager Phases.
- Proof of Identity (ID or Passport) and Proof of Address (Recent Utility Bill or Bank Statement no older than three months) are required to prove that the funded 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 Funded Trader must have at least some experience with forex trading terms, such as the difference between Market Orders, Limit Orders, and Stop Orders, Market Open and Closing Hours, Economic Calendar and News Releases, Flexible and Fixed Spreads, Overnight Rollover Time, Commissions, Overnight Swaps, Pip, Point Value, Lot Size, Stop Loss, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Relative Drawdown, Absolute Drawdown.
- The Funded Trader must also demonstrate adequate trading skills in all Classic Funded Trader Program phases.
- The funded trader must understand the risk management policies and guidelines before signing up for any funding plans and their minimum requirements.
- The funded trader must adjust their risk exposure to match the requirements of the Funded Trader Program before starting to trade with CTI's capital.
- CTI does not refund any sign-up fee to the funded trader once the funded account has been traded.
- If the funded account has not been traded, CTI will refund the sign-up fee up to 7 days after the sign-up date.
- The sign-up fee is not a deposit into a trading account of any kind.
- CTI charges only a One-Time fee to cover the trading costs 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 Funded Trader Program™.
- The Funded Trader cannot upgrade to a larger Funded Account, nor downgrade to a smaller Funded Account once the Funded Account has been traded.
The termination of the Funded Trader Program can occur due to the trader's 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 Max Absolute Drawdown $ (Fixed Loss from Initial Capital) during the Evaluation any Portfolio Manager Phases.
- Frequent violations of any of the Risk Management Policy Guidelines after 2 warnings.
- The expiry of the evaluation account after 1 year from the registration date.
- The misuse or abuse of the Funded Trader 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, Latency Arbitrage Trading, any Tick Scalping Strategies, any Copy Trading of other person's signals, any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, any use of emulators, and Martin Gale Style EAs.
- Group Trading (manually or using the same EA by one individual on more than 2 accounts, or by multiple individuals on multiple accounts).
- Social Trading, Copy Trading from other traders, and any mirrored trading activity.
You agree that at all times, City Traders Imperium has the right to terminate your funding as it sees fit to its risk tolerance and willingness to risk its own capital during all phases of the Funded Trader Program at its own discretion. In such rare cases, where CTI decides to terminate the evaluation for reasons other than the presented above, CTI may issue a full refund of the sign-up fee to the Funded Trader.
- CTI will send to the Funded Trader's email an Official Notice of Termination that includes the MT5 trading statement at the time of the termination.
- CTI will disable the trading permission in the Funded Account.
- Suppose the Funded Account is terminated in net profit $ (after factoring in any violations). In that case, CTI will pay the relevant percentage % profit share made on the Funded Account to the Funded Trader during the same calendar month.
- The Funded Trader can sign up again for the Funded Trader Program™ , regardless of past terminations, as long as they comply with the Risk Policies upon the most recent application. Nevertheless, CTI has the right to refuse to re-sign up at its own discretion.
- Each Funded Trader must manage their positions and apply the required measures according to the risk management policies and trading guidelines specified on the Funded Trader Program Page and This Terms & Conditions Page.
- CTI supplies its Funded Traders with CTI's own trading capital. The Funded Trader will not be liable for any trading losses that may incur during the Funded Trader Program™.
- The Funded Trader must act responsibly while trading with CTI during the Funded Trader Program to avoid any severe losses on the funded account.
- CTI will observe the trading activity of its Funded Traders and warn them of any violations of the risk management policies up to 2 times before considering terminating their Funded Trader Program.
- If the funded trader doesn't comply with the risk policies. CTI has the right to terminate the funded trader's account and exclude them from the Funded Trader Program.
- The Funded Trader must not give access to the Funded Account to any 3rd parties. Doing so will lead to the termination of the Funded Trader Program™.
- The Funded Trader can always apply again if they wish to comply with the Risk Policy during their enrollment in the Funded Trader Program.
- The funded trader must report to CTI via email to [email protected] if their account credentials have been lost or stolen.
- The Funded Trader must not trade the Funded Account in coordination with other active traders on the same account. However, the Funded Trader can share and discuss trading ideas with other traders in our community.
- The Funded Trader must not use the name of another person on one or more funded accounts.
- The Funded Trader must not duplicate trades and orders using copy/social trading service providers. However, the Funded Trader can copy their other personal accounts into a CTI Funded Account.
- There is no limit on the number of funded accounts as long as the total funded capital does not exceed $4 Million per funded trader in total and a max of $2 Million per account.
- The Funded Trader must not open accounts in other people's names.
- Email is the official communication medium between the client and City Traders Imperium.
- CTI will communicate in real-time and to the best of its ability to provide fast and reliable service to its clients.
- The Funded Traders 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 terminate the Funded Account if the Funded Trader fails to respond to the company’s emails.
- CTI provides a backup media of communication represented in the following: Discord, Facebook, Instagram, on-site contact forms, on-site live chat, emails, and phone calls.
- The Funded Trader must notify CTI of any trader’s email address changes.
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 discovering an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as possible 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.
CTI reserves the right for future changes of these Terms and Conditions upon notifications via an official email address given from the funded trader. The funded trader will be committed to the changes or officially be asked to resign from the program.
- CTI provides the trading platform MT5 to its Funded Traders upon signing up for Windows and MAC operating systems.
- The Funded Trader will have complete control of the trading platform and be the only person accessing the account.
- CTI will not interfere with any Funded Traders' accounts unless they comply with Risk Management Policies.
- CTI offers an EA and Indicator Development service, which can help you with if you have an EA or Indicator that works on MT4 and you wish to convert to MT5.
Majors: EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCHF, USDCAD, USDJPY.
Minors : EURGBP, EURNZD, EURAUD, EURCHF, EURCAD, EURJPY, GBPNZD, GBPAUD, GBPCHF, GBPCAD, GBPJPY, NZDAUD, NZDCHF, NZDCAD, NZDJPY, AUDCHF, AUDCAD, AUDJPY, CADCHF, CADJPY, CHFJPY.
Index Stocks : S&P500, US30, US100, DAX, UK100.
- 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.
- At the end of each day, between 10 PM & midnight UK Time, the banks move vast amounts of orders from the current day to the following day while there is less liquidity. 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 commission is fixed at $9 per round lot traded for Majors, Minors and Metals and $ 0.9 per round lot for Indices.
Considering both fees (Spread & Commission), the overall cost of 1 lot would be around one pip spread.
- 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.
- Slippage can occur at any time but is mostly relevant during periods of high volatility when market orders are executed. This can also happen when a large market order is executed, but there isn’t enough volume at the chosen price to execute the trade at the current market price. Slippage can occur when there is a delay between the trade being ordered and when it’s completed. Therefore, CTI does not guarantee to pay the profit for trades where significant slippages occur on CTI’s corporate trading account.
- You must not enter the trade at the exact time of High Impact News because it causes high slippage with CTI's LP. Therefore, during High Impact News Release (In Red) you must enter the trade at least 3 minutes before or 3 minutes after the High Impact News Release.