The programs for funded traders are the simplest and fastest method to get into the professional league. You don’t need a bachelor’s degree or a diploma from a prestigious university or even substantial starting capital. All you require is the will to study and develop trading abilities.
Are you ready to test? The next thing you be asked is what are the top private trading companies to use to fund your account? The number of options could be to handle, some choices stand out above others. Let’s find out whether City Traders Imperium (CTI) is one of the best providers of funded accounts you ought to consider.
About City Trade Imperium
City Traders Imperium is a London-based, proprietary trading company which provides funding to successful traders. It was established in the year 2000 by Daniel Martin and Martin Najat both former head traders at professional level. With the advent of its CTI funding program it is regarded as one of the top prop companies for novice traders looking to get into the most economical trading experience.
The prop company was created because of its founders’ displeasure with the way the majority of prop companies based in the UK were operating according to them. Based on Martin and Najat the firms were “selling an unrealized dream,” that left a huge gap between what traders who were funded were taught and what they needed to learn to become successful traders. CTI is determined to close that gap by offering traders well-structured education tools, expert guidance, and financial assistance to provide them with everything they need to succeed.
With City Traders Imperium traders can receive direct funds of anywhere between $20,000 to $70,000. The platform is also able to allow using all kinds and types of trade strategies. This makes it ideal as a platform for swing trader retail professionals who manage portfolios, traders on the day and much more. Additionally, those with a funded account are able to benefit from as much as 1:100 leverage.
However, don’t consider CTI only as a typical broker-dealer funding service. The company goes further by offering mentoring programs and attempting to create an online community of like-minded people. Think about CTI as a team of coaches which will support you with money, provide you the opportunity to study and assist you in launching your career as a professional trader.
City Traders Imperium The City Traders Imperium: Products, Services and Costs
The product of the prop firm shares numerous similarities to other forex trading funders but it is different in many ways.
Program for Funded Traders
The company describes its program as “the most rewarding foreign funding program available in the market.” Additionally City Traders Imperium claims its program provides the most robust as well as flexible risk-management policies that permit users to set up an account that is managed by them up to $4 million.
Although this may sound too amazing for the real world, when in fact City Traders Imperium’s plan is an excellent choice. One of the major benefits is that it provides traders an opportunity to earn a profit of 70% or more..
Evaluation of. Direct Optional Funding
When applying for funds traders have the choice of the two choices: Evaluation or Direct Funding.
In the beginning period, you must demonstrate consistency with your trading strategy. This means that you have to keep your performance up for long periods (at minimum 30-days) and not rely on single trades. This way, the program will try to reduce the impact chance plays when trading.
The profit share for the program of Evaluation has been set to 50% and you must ensure that your account grows at a rate of 7.7%. You can also trade gold and forex.
While the terms of the program are fairly flexible, it’s important to note that the Evaluation component is much longer than what you will receive from of other funding companies for example, and can last up to one year. Although this is a lot when compared to the services you’ll get from another prop company but it doesn’t mean that you be waiting for twelve months before receiving funds. Instead, you will be the money once you have reached your profit goals and satisfy the requirements. The long-term duration of the program intended to make it easier for traders with long-term plans who generally require extended time frames to implement their strategies, but are frequently overlooked by financial institutions for forex.
Through one of the Direct Funding plans, you are able to skip the evaluation phase and start receiving funds from the first day. If you are granted funds and are the Portfolio Manager, you are able to trade more frequently and can even go up to 2 months with no action.
The share of profit in the program ranges from 60 to 70%, with a target for growth of 10 10%. You can also trade forex, gold and Indices.
Costs
The cost will depend on the option of account you select.
If plans include one phase of evaluation, expenses for the plan are according to:
Direct payment up to the amount of $10,000 (Evaluation accounts of $2,500) One-time installment of PS109;
Direct payment in the amount of $20,000. (Evaluation amount of $5,500) One-time installment of PS199;
Direct payment for the amount of $40,000 (Evaluation amount of account is $10,000) A one-time installment of PS379;
Direct payment for $50,000 (Evaluation accounts of 12,500 dollars) A one-time payment made via PS449
Direct payment for the amount of $70,000 (Evaluation amount of 17,500) A one-time settlement of PS649.
The expenses of Direct Funding are: Direct Funding program are:
The direct financing of $25,000 as a single payment of PS999
Direct funding of $40,000as One-time payment of PS1,799
A direct funding amount of $50,000, a single payment of PS2,199
Direct funding of $70,000as an all-in-one payment of PS3,099
The fees are paid by an debit/credit card.
Mastermind Program
The program is made for everyone who wants to be part of an online community with more than 2,000 professionals. It features an online trading floor to help you in your journey to a steady profit.
A subscription to the program will give you access to more than 50 hours of training material that focuses on motivation to trade psychological motivation, building and executing a trading strategy as well as practical ideas for trading. In addition, you receive one-on-one coaching from experts in trading with years of expertise.
City Traders Imperium’s team says that signing up to the Mastermind Program will allow you to reduce the time required for becoming a successful trader by 5 years down to one year. In addition they claim that many of the users of the platform have passed the training courses for trading as well as the financing challenges within as little as six months after signing up to the Mastermind Program.
The program is approved by only 15% of applicants per month due to the vetting criteria. If you choose to join the program, you’ll need to go through an interview lasting 30 minutes. Imagine it as an interview that allows you to get know you better and determine if you meet the requirements of the program.
Psychotherapy Consultation
What distinguishes CTI apart is that , literally anyone can schedule an appointment for a no-cost consultation with a professional in trading. The purpose of the consultation is to learn the way a trader sees your personality profile. They can assist you in identifying the key characteristics in your life and explain how these influence how you trade. The objective is to assist you to become more like yourself, and to create CTI appealing to trade with since they earn a profit whenever you earn profits.
Transformation Mentoring
This is a different free but extremely valuable offer that isn’t available in any of City Traders Imperium’s competitors.
The service offers professional coaching provided by Daniel Martin, a seasoned trading professional and co-founder of City Traders Imperium.
You can book your spot to participate in the transformation mentoring through their website.
All you need to do is fill in your personal information. But, keep in mind that the locations for mentoring consultation are very restricted. According to the information available on the website, “only the most committed and committed traders will be guided.”
The City Trades Imperium review summary
CTI stands out from other fund account providers because of the versatility of its offerings as well as the wide range of products and services, as well as an individual touch which typically is not found in the marketplace.
In short, if you’re looking to consistently trade or benefit from all advantages of a trading service that doesn’t restrict the only options to trading in currencies or trading in other currencies, then CTI is on your top list of options.
