Traders With Edge

City Traders Imperium Alternative & Comparison

City Traders Imperium, alternative and comparison, that’s what we’re covering in this video.

So at the top, you’ll see we’ve got the prop firm and the challenge type. We’ve got the Traders With Edge Turtle, the Traders With Edge Hare, the City Traders Classic, and the City Traders Standard. We’re using a 50K account across the board to compare apples with apples and you’ll see the account size after scaling is $3 million for Traders With Edge and $2 million for City Traders Imperium. What the max account size after scaling means is the maximum cap that the firm will fund you up to. So most good firms, if you’re a consistently profitable trader, they’ll continue to top up your capital to increase the account size that you trade. So onto the next one is the rapid scaling. Do they have rapid scaling available? Yes, both companies have rapid scaling available.

If you’re on the website traderswithedge.com, you go to challenges, scaling plans. You’ll see a page that looks like this. It describes the organic and the rapid scaling, the differences of them. It has a video that talks about that and shows some examples of the difference between an organic and a rapid scaling plan. It shows you some charts that demonstrate how much faster your account will grow with the rapid scaling, as opposed to a traditional type scaling plan. We’ve even got a calculator there with a video on how to use it so you can go in and put in your own metrics and see just how much more you could make using a rapid scaling plan as opposed to a traditional type scaling plan.

Okay. So back to our City Traders Imperium, alternative and comparison. So the next one is the number of phases. So you’ll see that the Traders With Edge Turtle and both City Traders counts are a one phase challenge. So it means you do one phase. Once you pass, then you go onto a funded account. The Traders With Edge Hare is a two phase account. It’s a different model and you’ll see that it’s a bit cheaper than the others. So the Traders With Edge Turtle account is $450. Traders With Edge Hare is 390. Both the City Traders are 481.60. Well, the equivalent. The reason why it’s 481.60 is because City Traders Imperium charges in pounds and we’ve converted it at the current rate into U.S. dollars. All the challenge accounts are in U.S. dollars and so it makes sense that we put the price in U.S. dollars as well.

Is the fee refundable? It’s not refundable on the Traders With Edge Turtle or either of the City Traders Imperium accounts. The reason is because they’re a one phase account. So as soon as you pass one phase, then you go straight onto live funds. Traders With Edge Hare, you’ve got two phases before you go onto a funded account. So how the refund works with the Traders With Edge Hare account is once you’ve passed your challenge account and you’re trading on a live account, when you’re eligible for your first payout, then you’ll receive a full refund of the $390 paid back to you, along with your profit share. So it actually doesn’t cost you anything to do the challenge when you pass.

So the target for phase one is 10% on both Traders With Edge accounts. It’s 7% on the City Traders Classic and it’s 9% on the City Traders Standard. Target for phase two is only applicable for the Traders With Edge Hare account and that’s just 5%. The maximum drawdown is 5% on the Traders With Edge Turtle, 10% on the Traders With Edge Hare, and 5% on the Traders With Edge Classic and 5% on the Traders With Edge Standard. The daily drawdown is 2.5% maximum on the Turtle account, 5% on the Hare account, and they don’t have a daily drawdown on the City Traders accounts. The profit share Traders With Edge is 80%. That means that you make $10,000 profit, you keep $8,000 of that. With City Traders Imperium, they say up to a hundred percent, but you actually start off with the profit share of 50%. So you only keep 50% of the profits that you make. When you reach the maximum cap of $2 million, then they’ll pay you up to 100% of the profit. So Traders With Edge, you keep 80% from day one.

The minimum trading days for phase one is minimum 10 trading days Traders With Edge. So on the Turtle account, you could be funded within 10 days from now if you took that challenge. The Traders Imperium, you’ve got minimum 30 trading days before you could be eligible to be funded. The minimum trading days for phase two is 10 trading days for the Hare account. If we go onto the trading period for phase one, you’ve got 365 days on the Turtle account and both Traders Imperium accounts, and you’ve got 30 days on the Traders With Edge Hare account. The trading period for phase two is only applicable to the Traders With Edge Hare account and you’ve got 60 days to pass that challenge.

Can you hold over weekends? You can on all accounts except the Hare account, because you’ve got higher leverage. Can you use EAs to trade with? Yes, you can use fully automated EAs on all accounts. You just need to seek approval at Traders With Edge because every prop firm has this rule that says that you cannot trade with exactly the same strategy as another trader on prop firm. So what happens is most prop firms will say, “Yes, you can,” but then you’ll go through the challenge you’ll pass, and then you’ll get your account taken off you because you’ve traded with exactly the same strategy as someone else. That’s why we say at Traders With Edge, just seek approval first before using a fully automated EA.

On the other hand, you’ve got EAs that help you to trade with, so a trade manager that will help you calculate your position size, manage your trailing stop, and a number of other things. We actually recommend that you do use those. So with those, you don’t need to contact us for approval. You can use a trade manager. Do they allow signals? Traders With Edge, yes. We allow signals. City Traders Imperium does not allow signals. Are you allowed to trade news? Yes, you can trade news with all accounts. Do you get a free retry? You only get a free retry at the Traders With Edge Hare account. How it works is if the trading period has finished, so if 30 days has expired and you’re in a profit, you haven’t violated any rules, then we’ll issue you with a free retry. It doesn’t make sense that you get a free retry on any of the other accounts, because you’ve got a full year to pass them.

Moving right along. Can you trade Forex? Yes, you can on all accounts. Can you trade digital currencies? You can on Traders With Edge, but you cannot with City Traders Imperium. Can you trade commodities? Yes, you can on all accounts. Can you trade indices? You can on all accounts. Can you trade share and stock CFDs? You can at Trades With Edge, but you cannot with City Traders Imperium. Do they have trading competitions? Traders With Edge has trading competitions. You could go and enter into the competition. Doesn’t cost you anything to enter. You trade against other people and the winners win a challenge account that they can use to get funded. Do they have giveaways? Traders With Edge has giveaways. Traders Imperium does not.

Here’s an example of a giveaway that we ran recently. So you could enter your name and email to enter the competition to win one of three $50,000 prop challenge accounts. Now we may not have that promotion going at the time that you see this video, but it’s an example of a giveaway that we have from time to time. Do they have trader education? Yes, both companies have trader education. Do they have an affiliate program? Traders With Edge has an affiliate program, which pays up to 20% for the lifetime of the client. So if you referred someone to us today using your special tracking link that you can get from us, then we’ll pay you up to 20% of the value of whatever they spend with us. If that person then purchases something else in six months time or 12 months time or three years time, then we’ll pay you again a percentage of that sale going forward. City Traders Imperium has a fixed 5% referral fee.

So that concludes our alternative and comparison of City Traders Imperium. If you’ve got any questions, then reach out to us on the website, talk to us on live chat at traderswithedge.com, join the Telegram group, or leave a comment below the video, and have a great day.

City Traders Imperium is a Prop Trading Firm that offers Forex Funded Accounts for Funded Traders worldwide and Forex Education for Beginners.

City Traders Imperium was established in 2018 and is one of the leading proprietary trading firms in the UK, providing a variety of Funded Trader Programs to traders worldwide. City Traders Imperium invests in their funded traders’ development and provides mentoring and continuous support to aspiring traders.

Derived from Latin, City Traders “Imperium” mission is to build an “Empire” of funded traders from around the globe. A pioneering vision which began with the pursuit of empowering traders has led to the inception of a global network of Traders achieving freedom and fulfilment in their lives.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 50K
  • $3 Million
  • Yes
  • 1
  • $450.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 50K
  • $3 Million
  • Yes
  • 2
  • $390.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

City Traders
Classic

$ 50K
  • $2 Million
  • Yes
  • 1
  • $481.60
  • 7%
  • N/A
  • 5%
  • N/A
  • Up To 100%
  • 30
  • N/A
  • 365
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 5%

City Traders
Standard

$ 50K
  • $2 Million
  • Yes
  • 1
  • $481.60
  • 9%
  • N/A
  • 5% (Static)
  • N/A
  • Up To 100%
  • 30
  • N/A
  • 365
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 5%

Choose your account type

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