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:

Main Objective Of Funding
  1. 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™.
  2. City Traders Imperium™ (Reg. No. 00003522228) and "Funded Trader Program™ (Reg. No. ‎‎00003495062) are registered trademarks of City Traders Imperium Limited.‎
  3. 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. ‎
  4. 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.‎ ‎
  5. 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.‎
  6. 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. ‎ ‎
  7. City Traders Imperium provides a practical evaluation for educational purposes in its Funded Trader Programs ‎to traders from ‎any nationality, giving them an opportunity to enhance their risk management and ‎trading psychology and compounding profits.
  8. 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.‎
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.

Who is involved in this Agreement?‎

City Traders Imperium, "CTI" (The Company):  CTI is the company providing funding to its students and Evaluation Traders.

You (The Student and/or The Funded Trader):  By signing up for the Day Trading Funded Trader Program™, you agree to the Terms and Conditions of Funding as presented on the following pages: "Day Trading FTP", "FAQs", and this "Day Trading Terms and Conditions" page.

Upon signing up, you will have two roles to progress:

1. Challenge Trader (ET): A funded trader pursuing either the Assessment Phase I or Qualification Phase II on a Demo Challenge account to qualify to become a CTI Funded Trader on Phase II once all the Phase I and II requirements are met.‎

  • The Assessment Phase I: is the first Phase of the Day Trading Funded Trader Program, where the Challenge Trader is provided with a Demo account as a practical part of CTI's educational journey to become a CTI Funded Trader Phase II. 
  • The Qualification Phase II: is the second Phase of the Day Trading Funded Trader Program, where the Challenge Trader is provided with a 2nd Demo account to become a CTI Funded Trader Phase II. At this stage, the Challenge Trader must have shown to be ‎consistently profitable for the period of Phase I and II and have followed all the Risk Management Policies as specified ‎by CTI.

2. CTI Funded Trader: An Challenge trader achieved Phase I and Phase II ‎‎requirements and moved to Phase III to trade on a Live Funded Account.

  •  CTI Trader Phase III: is the phase where the Challenge Trader has met all the ‎trading requirements and successfully passed Phases I & II. The CTI Funded Trader Manager will be fully qualified during this phase, and CTI will contract the ‎trader to trade CTI's own capital.‎
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 Funded 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.

Who can be funded by CTI?
  1. The Traders can be anyone who is above 18 years.
  2. Any Trader from any nationality (Europe, North America, South America, Africa, Asia, Australia, & New ‎Zealand) can join. 
  3. The funded accounts are available for individual traders to trade the CTI's capital during ‎the Evaluation and Portfolio Manager Phases.‎‎
  4. 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.‎
  5. The Funded Trader Program™ is not designed for large organisations, a group of individuals, or ‎copy traders.
  6. 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.‎ 
  7. ‎The Funded Trader must also demonstrate adequate trading skills in all Day Trading Funded Trader Program phases.
  8. ‎The funded trader must understand the risk management policies and guidelines before signing up for any funding plans and their minimum requirements. 
  9. ‎The funded trader must adjust their risk exposure to match the requirements of the Day Trading ‎Funded Trader Program before starting to trade with CTI's capital.‎
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. 
‎THE CHALLENGE FEE STRUCTURE & REFUND POLICY
  • ‎CTI will refund the sign up fee once you become a CTI Funded Trader on Phase III.
  • CTI does not refund any sign-up fee  ‎to the funded trader once the challenge 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 as an Access fee to the Demo Challenge account to cover the trading costs of operating the Day Trading 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.
Profit Splits
  • The Initial Profit Split when becoming funded is %70 on the first 15% eligible Net Profit you make.
  • Then, the profit split will increase to 80% Profit Split.
  • When qualifying for the Growth Plan, we will increase your profit split to 90% for Tier 1 and 100% for Tier 2.
Withdrawals

To qualify for your 1st withdrawal, you must fulfil one of the following two requirements on the live funded account:

  • 1 month has passed since your first trade on the live account; or
  • Achieved at least 15% in profit, whichever comes first. 

We will also process your profit share if no violations have been detected, even if the 15% was achieved in less than 1 month after your 1st trade on your live funded account.

At any time you meet any of the above conditions, you must close all trades and send an email to [email protected] to request to evaluate your funded account.

Bi-Weekly Payouts

  • Once achieving 15% in net profit, you will be eligible for Bi-Weekly payouts.
  • You can request your Bi-Weekly payout every 1st and 15th of each calendar month.

 

Weekly Payouts

  • You can request your Weekly payout every Friday.
  • To qualify, you must meet the following conditions:
    • Received a minimum of 4 payouts.
    • Trading for a minimum of 4 months after placing your 1st trade on phase 3 live funded account.
    • Consistent trading style through the 4-month period (all-in or high-risk trading style doesn’t qualify).
    • No account violations during the 4-month period.

 

Other conditions to consider for withdrawals 

  • Any trades with No Stop Loss will not be counted, and the profit made will not be eligible for withdrawal.
  • 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 payout time.
  • If you break any of the terms and conditions, you will not be eligible for any profit share payment.

 

To best follow the rules, please make sure to use our Account Metrix Tool that we provide you upon signing up.

To request a withdrawal, you must send us an email to [email protected] titled "Withdrawal Request" and state the amount you would like to withdraw.

We process withdrawals via Bank Transfer, Wise, Revolut, or PayPal. If you have other preferred methods, you would need to let us know in the withdrawal request email.

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 repeat 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. 

The Trading Platform
  1. CTI provides the trading platform MT5 to its Funded Traders upon signing up for Windows and MAC operating systems.
  2. The Funded Trader will have complete control of the trading platform and be the only person accessing the account.‎
  3. CTI will not ‎interfere with any Funded Traders' accounts unless they fail to comply with ‎Risk Management Policies.
  4. CTI offers an EA and Indicator Development service, which can help you if you have an EA or Indicator that works on MT4 and you wish to convert to MT5.
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.
List of Tradable Assets: Forex, Gold, & Indices 

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.‎

Commodities: Gold, Silver, Oil.

Major Index Stocks: S&P500, US30, US100, DAX, UK100., F40, JP225, STOXX50, AUS200. 

What the Funded Trader must not do
  1. 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.
  2. ‎The Funded Trader must not use the name of another person on one or more funded accounts.
  3. 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. ‎
  4. The Funded Trader must not open accounts in other people's names.
Complying to the Risk Management Policies & Guidelines
  1. Each Funded Trader must manage their positions and apply the required measures according to the risk ‎‎management ‎policies and trading guidelines specified on the Day Trading Funded Trader Program Page and this Terms & Conditions Page.
  2. ‎CTI supplies Funded Traders with its own trading capital.
  3. The Funded Trader will not be liable for any trading losses ‎that may incur during the Day Trading Funded Trader Program. 
  4. The Funded Trader must act responsibly while trading with CTI during the Funded Trader ‎Program to avoid any severe losses on the funded account.‎
  5. If the Funded Trader does not comply with the risk policies.  CTI has the right to terminate the Funded Trader's ‎account and exclude them from the Day Trading Funded Trader Program.‎
  6. The Funded Trader must not give access to the Funded Account to any 3rd parties. Doing so will ‎lead to the termination of their account and this agreement.
  7. The Funded Trader can always apply again if they wish to comply  ‎‎with ‎the Risk Policy during their enrollment in the Day Trading Funded Trader Program.‎
  8. The funded trader must report to CTI via email to [email protected] if their ‎account credentials have been lost or stolen.‎ 
The Max Daily Drawdown & Max Drawdown Rules Explained

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.

The Termination of The Funded Trader Program™‎

The termination of the Day Trading 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:‎

  1. ‎Reaching the Max Daily Drawdown $ and/or the Max Absolute Drawdown $ (Fixed Loss from Initial Capital) during all Phases of the Day Trading Funded Trader Program. 
  2. The expiry of the evaluation account after 45 Days from the account creation date during the Assessment Phase I and Qualification Phase II. 
  3. The inactivity of 2 months or more on the Live Funded Account without notifying CTI to freeze the account for the requested period.
  4. ‎The misuse or abuse of the Day Trading Funded Trader Program.‎‎
  5. ‎The use of the Day Trading Funded Trader Program for any other purpose than the authenticity of the ‎individual ‎trading
  6. ‎‎ 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.
  7.  Group Trading (manually or using the same EA by one individual on more than 2 accounts, ‎or by multiple individuals on multiple accounts).
  8.  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.

The Termination Notice
  1. CTI will send to the Funded Trader's email an Official Notice of Termination and the Funded Trader can request a copy of the trading statement at any time.
  2. ‎‎CTI will disable the trading permission in the Funded Account.‎
  3. ‎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.‎ 
Communication with the Company "CTI"
  1. Email & Discord & Live Chat are the official communication mediums between the Funded Trader and City Traders ‎Imperium.‎
  2. CTI will communicate in real-time and to the best of its ability ‎to provide ‎fast and reliable service to its Funded Traders.‎
  3. ‎The Funded Traders must provide a valid email while enrolled in the Funded Trader Program to ‎‎allow real-time communications with CTI’s staff.‎
  4. ‎CTI has the right to either freeze or terminate the Funded Account if the Funded Trader fails ‎to ‎respond to the company’s emails. ‎
  5. ‎CTI provides Phone Calls and Zoom as backup media of communication.‎
  6. ‎The Funded Trader must notify CTI  of any trader’s email address changes.‎
Misunderstanding and Errors In communications

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 by the funded trader. The funded trader will be ‎committed to the changes or officially be asked to resign from the program.

Spreads & Commissions
  1. 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. ‎
  2. However, the spreads we use are very competitive, and it is usually 0.1 pips for EURUSD on ‎average.‎
  3. 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.‎
  4. The commission is fixed at $2.25 per lot per side for FX and Commodities and $0.225 per lot per side for indices on the challenge.
  5. The commission is fixed at $2.75 per lot per side for FX and Commodities and $0.225 per lot per side for indices once funded on a live account.
Market Gaps & Slippage
  1. Sometimes, during very illiquid periodsthe 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.‎
  2. 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.‎