City Traders Imperium prop firm offers diverse funded accounts choices from 1,000 USD to 100,000 USD. This low start of 1,000 USD is very attractive for beginners to start small and gradually increase their trading funded account. However, we will have to take a closer look at City Traders Imperium rules to see if this proposal can actually be employed by traders. There are two ways of getting funded accounts, direct purchase or through a challenge. The firm also offers two trading training courses teaching day trading and swig position strategies. Now, these trading courses are paid ones and cost somewhere between 900-1000 GBP to attend.
Before you decide if this prop firm is reliable, you must read our City Traders Imperium review below.
Pros & cons of City Traders Imperium prop firm
Pros
- Ability to withdraw with $0 fees
- Offers access to MetaTrader 5
- Fast and digital account opening/verification
- Offers access to Forex, indices, commodities, and cryptos
- Low audition fees from 99 USD
- No daily loss limits for some accounts
- Most payment options are free and instant
- Offers payments in cryptos
Cons
- Allowed daily loss on some accounts is low at 4%
- Does not offer stocks or cryptos for trading
City Traders Imperium Quick Overview
| FPA Score | 5 rank (only 2 reviews from the same person) |
| Year founded | 2018 |
| Headquarters | Dubai, United Arab Emirates |
| Minimum audition fee | 99 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 4 Million USD |
| Allowed daily loss | 4% |
| Profit target | 9-10% depending on account |
| Maximum trailing drawdown | 5-10% depending on account |
| Profit sharing (Payouts) | Up to 100% |
| Trading Platforms | MetaTrader 5 |
| Available trading markets | Forex, indices, commodities |
Safety of City Traders Imperium – 5
The safety section helps us decide if the City Traders Imperium scam is possible or if the prop firm is trustworthy. For this purpose, we are checking the FPA rank and review score to ensure each prop firm is reliable. In the case of City Traders Imperium, there are two reviews from the same guy on the FPA platform. This gives the company a 5-star review, but it’s only from 1 person, so we suggest our readers take this review with a grain of salt. Since there were not enough reviews on the FPA, we checked the Trustpilot City Traders Imperium reviews. From more than 900 reviews and comments, the majority of traders evaluate the firm with 5 stars, giving it a 4.8 average rank. This is a serious rank score for any firm and since the reviews are over 900 the chances of them all being fake is very low. As a result, we assume City Traders Imperium prop trading firm is a reliable and serious company that can be used by traders to achieve their financial goals.
The firm gets a 5 score in this section despite the FPA review not being sufficient.
Funding and maximum capital allocation – 4
There are three funded account types at City Traders Imperium challenge, instant funding, and direct funding.
City Traders Imperium challenge account has a range of between 5,000 USD and 100,000 USD funding. This range of funding amounts is the same for all funded account types. Here is the list of fees for each funding amount:
- 5,000 USD funded account – 99 USD – instant funding – 1,000 USD
- 10,000 USD funded account – 159 USD – instant funding – 2,000 USD
- 25,000 USD funded account – 299 USD – instant funding – 5,000 USD
- 50,000 USD funded account – 559 USD – instant funding – 10,000 USD
- 75,000 USD funded account – 799 USD – instant funding – 15,000 USD
- 100,000 USD funded account – 949 USD – instant funding – 20,000 USD
With instant funding, traders can right away start trading on the funded account without the need to complete the challenge phase first. This is super flexible and allows experienced traders to start trading financial markets without additional demo trading. Instant funding fees are not available for challenge accounts, only instant funding account holders are eligible.
What does a direct funding account offer?
- 5,000 USD funded account – 299 USD
- 10,000 USD funded account – 559 USD
- 25,000 USD funded account – 1,499 USD
- 50,000 USD funded account – 2,999 USD
- 75,000 USD funded account – 4,499 USD
- 100,000 USD funded account – 5,999 USD
City Traders Imperium scaling plan is available for direct funding and instant funding accounts and offers the ability to trade on up to 4 million USD funded accounts.
City Traders Imperium Assets – 3
The firm allows traders to trade through its partner CySEC-regulated broker on Forex pairs, commodities, and indices. The lack of cryptos is especially downside as the payments can be initiated using cryptos. We hope the firm adds more assets, including both stocks and cryptos so that we can improve our evaluation of their assets.
As a result of lacking in the popular asset class, the firm only gets a 3 score in this section.
City Traders Imperium Trading rules and limitations – 2.9
We are about to explore the most important part of our review. The rules and limitations section is the most essential part of any prop firm, and any trader who wants to sign up for any prop firm has to closely read every little rule. After reading this section, traders will have an answer to the question: is City Traders Imperium legit?
Here are the rules for the challenge account:
- Time limitations – Phase 1 & 2 = 45 days
- Minimum trading days – 5 days for both phases
- Profit target – Phase 1 = 10%, phase 2 = 5%
- Absolute drawdown – 10% of initial balance
- Daily drawdown – 4% from the start of the daily balance
- Leverage – 1:33
- Refund – yes
City Traders Imperium free repeat is not available and traders will have to pay again if they breach any of these rules.
The rules are slightly different for the instant funding accounts:
- Time limitations – No time limits
- Minimum trading days – None
- Profit target – 9%
- Absolute drawdown – 5% of initial balance
- Daily drawdown – No information
- Leverage – 1:10
- Refund – No
Direct funding accounts have different rules and requirements:
- Time limitations – No time limits
- Minimum trading days – None
- Profit target – 10%
- Absolute drawdown – 5% of initial balance
- Daily drawdown – No info (no limit, probably)
- Leverage – 1:10
- Refund – No
Traders can initiate trading positions at any time when markets are active, meaning there are no restrictions on news trading or holding positions over the weekends and overnights. If the firm holds up to its claims, then it is possible to trade on a 4 million trading account and make more than a living without spending much. But again, these claims sound a bit too good to be true, so we advise our readers to exercise extra caution with this firm.
City Traders Imperium Fees – 3
City Traders Imperium funded programs are attractive and costs are within the industry average. The firm offers demo account credentials for MetaTrader 5 allowing traders to check all the spreads and commissions. This is a very transparent and very positive approach from the firm.
City Traders Imperium free trial is not available, and all accounts require fees to get started. Withdrawals are free of charge and accept Crypto (USDC-Polygon/Matic Network), Bank Transfer, Wise, Revolut, or PayPal.
City Traders Imperium Platforms – 5
The advanced MetaTrader 5 (MT5) trading platform offered by City Traders Imperium is suited to trade Forex and all other assets offered by the firm. It comes with built-in indicators and automated trading capabilities. The firm allows automated trading and EAs which is very useful when using such trading software as MT5.
City Traders Imperium Profit-Sharing – 5
City Traders Imperium profit split is mentioned on the website to be up to 100% which sounds too good to be true. If the profit split is 100% then the firm will not make any money from successful traders and this is a serious red flag. A red flag means the company might be focused on introducing tricky rules to achieve. We hope the firm offers at least a 90% profit split, which is more than enough for both the prop firm and a trader to make money in a long-term relationship.
If these claims are true, then the girl deserves a 5-rank score in this section. Despite this high rank, we suggest traders read all the rules and limitations carefully and exercise extra caution.
Education and trading tools at City Traders Imperium – 3
When it comes to education, City Traders Imperium offers diverse training courses in a dedicated academy. There are coaching and one-to-one mentoring programs, allowing traders to improve their performance and learn to trade. The firm has dedicated training courses for day trading and swing trading, teaching the best strategies for both beginners and experienced traders. These courses can be very helpful to get working trading strategies and will cost around 1000 GBP. Despite extensive training courses and programs, there are not many market research tools offered, meaning traders will have to use separate sources for economic calendars and other necessary tools.
Customer Support at City Traders Imperium – 2.4
There is an advanced live chat built into the City Traders Imperium website that offers quick assistance for general inquiries. For more information, traders can just request to contact the agent, and live chat redirects users to firm representatives. The live chat and all other forms including email support are available during working hours at the UK office, from 8 AM to 8 PM. There is no phone support available at the moment, which is a downside. This lack of phone support is quite common among prop firms as they are trying to operate with low costs to maintain competitiveness. Prop firms generally are cheaper to operate than brokers.
We tested the live chat and no one responded to our requests even though the time was 12:30 PM in the UK. This means traders might have to wait for hours to get help, which is a serious downside when operating a funded account.
Frequently Asked Questions
Is City Traders Imperium a legitimate company?
What are the funding options and costs at City Traders Imperium?
What trading assets are available at City Traders Imperium?
