City Traders Imperium

Day Trading FTP
Terms & Conditions

By Signing up to the Day Trading Funded Trader Program, you will be agreeing to all of the following Terms and Conditions below:

1. Main Objective Of Funding

You agree that your main goal from getting funded is to trade responsibly, follow good risk management practices, and avoid gambling behaviour. Passing the Assessment and Qualification Phases quickly does not guarantee your success when you become a CTI Trader.

We advise you to take advantage of the full duration of each Assessment and Qualification Phase.

2. The Funding Process

You agree that you must go through two Phases before becoming CTI Trader. The 1st is the Assessment Phase and the 2nd is the Qualification Phase. Once all the funding requirements are met, you will be qualified to become a CTI Trader.

The Assessment Phase: is the 1st phase where you will be trading on a Demo account and have to achieve a 10% target within 45 calendar days.

The Qualification Phase: is the 2nd phase where you will be trading on a Demo account and have to achieve a 5% target within 45 calendar days.

The starting day is the day when the account is created and sent to the trader. (If you do not wish to start trading when you sign up, then it's best that you wait until you are ready to trade before signing up to avoid losing any days).

CTI Trader: this is the final Phase where the trader has successfully passed both the Assessment and Qualification Phases.

3. Trading Styles & EAs

You agree that before your commitment, you already have a trading strategy and have experience in good risk management practices which is important to pass the challenge. 

  • Trades Duration: With CTI, you can trade any trading style (scalp, day trading, or swing trading) as long as all trades are closed before Friday 10:00 PM London Time (Midnight Broker Time).
  • Weekend Trading: Any trades can be left open on the weekend with no restrictions.
  • News Trading: You are allowed to trade during all low, medium, and high-impact news without any restrictions. 
  • EA: EAs are allowed except the EAs of Martin Gale, High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, Any Tick Scalping Strategies, Any Reverse Arbitrage Trading, Any Hedge Arbitrage Trading, and Any use of emulators, are not allowed. Using any of the EAs mentioned above will cause immediate termination of the account.
  • Copy Trading: Any Copy Trading of other people's ‎signals, Group Trading with other individuals, or funded account management services are not allowed. Any Copy Trading activity mentioned above will cause immediate termination of the account. However, you can copy trades from your personal account to our account, provided that you can supplement proof to us.
  • Stop Loss: You must use a stop loss on every trade as soon as you can within 5 min window. Failing to do so, will cause the termination of the account.
4. Symbols Your Can Trade
  • Major Currency Pairs:
    EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCHF, USDCAD, USDJPY.‎
  • Cross Currency Pairs:
    EURGBP, EURNZD, EURAUD, EURCHF, EURCAD, EURJPY, GBPNZD, GBPAUD, ‎GBPCHF, ‎GBPCAD, GBPJPY, NZDAUD, NZDCHF, NZDCAD, NZDJPY, AUDCHF, AUDCAD, AUDJPY, ‎CADCHF, CADJPY, ‎CHFJPY.‎
  • Metals: Gold.‎
  • Indices: S&P500, US30, US100, DAX, UK100.‎
5. Profit Splits
  • The Initial Profit Split when becoming funded is %70 on the first 10% Net Profits you will make. Once 10% net profit is achieved, you must close all positions and allow us to review your account for any violations.
  • Then, the profit split will increase to 80% afterwards.
  • When qualifying for the Growth Plan, we will increase your profit split to 90% for Tier 1 and 100% for Tier 2.
6. Growth Plan

Tier 1: We scale up your account by 30% of the original account size and qualify for a 90% profit split if you meet the following conditions:

  • Achieve 10% or more within 4 consecutive months (average of 2.5% per month) AND 2 out of 4 consecutive months were profitable.
  • You also must have processed at least 2 withdrawals within those 4 months on the 80% Profit Split.
  • Your account balance must be positive at the time of upgrading the account. 
  • Every 4 months is considered 1 cycle, with the 1st cycle starting the date of issuing the account.

Tier 2: We will give you 100% of the Net Profit once you repeated tier 1 three times.

The max increase per account is up to $200,000, and every trader can have up to $400,000 in funded capital. This can be a combination of any account size. 

7. Withdrawals

In order to qualify for withdrawals, you must fulfil one of the following requirements (whichever comes later) once you become CTI Trader:

  • Have a min 10 Active Trading Days; or 
  • 1 Month after your first trade.

After the 1st payout, you will be able to withdraw once during the last 5 days of each calendar month.

Also, 

  • Any trades with No Stop Loss will not be counted and the profit made will not be eligible for payouts.
  • If you have abnormal trades where you were maxed out on leverage and unusual big trades compared to the normal trades you usually take, you will not be eligible for payouts for those trades.
  • The account must be in net profit with all trades closed at the time of the payout.

In order to request a withdrawal, you must send us an email to [email protected] titled "Withdrawal Request".

We process withdrawals via Bank Transfer, Transferwise, Revolut, or PayPal. 

8. The Max Daily Drawdown & Max Drawdown Rules

The Max Daily Loss Rule

Formula: Current Daily Loss = Current Day Closed Positions P/L + Floating Open Position P/L

  • On any given day, the maximum losses must not be equal to or exceed 4% of the Initial Account Size. This Max Daily Loss is inclusive of any swaps, commissions, and spreads.
  • The Max Daily Loss resets every day at 22:00 GMT (Midnight Broker Time).
  • If you breach this rule while in Net Profit, we will pay any profit split due as long as no risky trading activity (excessive risk, large positions that aren't usual, maxing out on leverage, etc...).
    However, this is subject to review at the time of the termination at our sole description. If you engage in a gambling or risky activity described above, we will not pay out any Net Profits.  In Simple terms, you must always follow your trading plan and good risk management practices.

The Max Drawdown Rule

  • The Max Absolute Drawdown during the CTI Trader Phase is 10% Fixed loss from the initial balance for all Phases on any given day.
  • The losses can never exceed the 10% loss of the Initial Account Balance.

Note 1: All our risk management systems are automated and all accounts are terminated following the formulas provided above.
Note 2: You will not be liable for any losses. However, we advise practising good risk management practices.

9. Refund & Free Retry Policy
  • If you are in Qualification Phase 2 and your account has expired or breached any of the rules above, we will give you the opportunity to try for the 2nd time for free. 
  • However, you must have followed good risk management practices by avoiding gambling behaviour, opening unusual big positions, etc... 
  • You are entitled to a full refund for up to 7 days after signing up if you have not traded the account on the Assessment Phase. 
10. Slippage & Market Gaps
  • 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 occur 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 any profit of trades where large ‎slippages occur on CTI’s corporate trading account.‎
11. Spreads & Commissions
  • 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 0.2 pips for EURUSD on ‎average.‎
  • 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 $4.5 per lot traded per side. 
  • Spreads are 0.3 pips on EURUSD on average.
    Taking into consideration both fees (Spread & Commission), the overall cost of 1 lot would ‎be around 1 pip spread.‎
12. Termination Of The Day Trading Funded Trader Program

The termination of the Day Trading Funded Trader Program can occur due to the trader inability to adhere to ‎the risk policies set by CTI for all Phases of the program.

The termination of the Funded Trader Program may occur for any of the below reasons:‎

  • Reaching the Maximum Daily Loss value $ or Max Absolute Overall Drawdown Value.
  • Frequent violation of any of the Risk Management Rule.‎
  • The expiration of the Assessment or Qualification Phases.
  • The misuse or abuse of the program.‎
  • The use of the Day Trading Funded Trader Program (DTFTP) for any other purpose than the authenticity of the ‎individual ‎trading. ‎
  • Using any of the following EAs: Martin Gale Style EAs, High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, Any Tick Scalping Strategies, Any Copy Trading of other people's ‎signals, Any Reverse Arbitrage Trading, Any Hedge Arbitrage Trading, Any use of emulators.
  • 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 has the right to terminate its funding as it sees ‎fit to its funding requirements, risk tolerance, and willingness to risk its own capital at its own discretion. 

You can sign up again for the City Traders Imperium’s Day Trading Funded Trader Program ‎regardless of the number of past terminations, as long as you comply with the policies upon the ‎most recent application. Nevertheless, City Traders Imperium has the right to refuse to re-sign up ‎at its discretion.‎

13. Communication With CTI
  • Email is the official medium of communication between you (the Client) and City Traders ‎Imperium. (the Company).
  • ‎CTI will communicate with you in real-time and to the best of its abilities ‎to provide ‎fast and reliable service.‎
    ‎You must provide a valid email while enrolled in the Day Trading Funded Trader Program to ‎‎allow real-time communications with CTI’s staff.‎
  • ‎CTI has the right to either freeze or terminate the account if you fail ‎to ‎respond to the company’s emails. ‎
  • CTI provides backup media of communication represented in the following: Facebook, Instagram, ‎on-site contact forms, emails, and phone calls.‎
    ‎You must notify CTI of any changes in the trader’s email address.‎
14. Who can join The Day Trading Funded Trader Program?
  • 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 to trade the CTI’s capital during ‎both the Evaluation and Portfolio Manager Phases.‎
  • ID as proof of Identity & Proof of Address are required to prove that the trader is the only one trading the funded account.‎
  • ‎The Day Trading Funded Trader Program™ is not designed for large organisations, a group of individuals, or ‎copy traders. ‎

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