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.
We calculate the daily loss limit based on the previous day’s end of day equity. This is calculated at 5PM EST, so ensure you know what time of day this is in your location.
All of the below is calculated for you automatically inside your traders dashboard in real time, so you don’t need to calculate any of it, but you do need to understand it.
Example 1:
The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day.
The second day your daily drawdown limit is reset with the new High-Water Mark being $106,000. If your daily drawdown limit is 2.5% on the Turtle account then the lowest your equity can reach is $106,000 – $2,650 = $103,350.
Example 2 (Violation): The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit but you did NOT close the trade before the end of the day. Instead you moved your stop-loss to breakeven. At the end of this day your account equity is $106,000 which is carried over to the second day.
On the second day the trade goes back to breakeven and is closed by your stop-loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (2.5% on a Turtle account) on a single day and this will be a hard violation and the account will be closed.
The Maximum Drawdown is the maximum your account can drawdown from the highest balance.
For example, if you have a $100,000 account and make $5,000 in closed profits on your account. Your High-Water Mark is now $105,000.
Your account’s minimum equity is calculated by $105,000 minus the maximum drawdown percentage. $105,000 – 5% = $99,750 is the lowest equity your account can reach before violating this rule.
If you violate this rule, the account will be closed.
The minimum to complete the Turtle Challenge is 10 trading days. There must have been at least one trade opened on 10 different days to successfully pass the challenge.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days.
When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed. Pending orders do not count towards the total.
All challenge and funded accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account, which you are paid from.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
Arbitrage.
Hedging between accounts.
Delayed or frozen data feeds.
Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
Allowing others to trade your account.
Copying others trades.
Lot size manipulation – can not use one big trade to pass the profit target then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.
For funded accounts only, there is a maximum position size of 2%. If a position is opened that is greater than 2% risk per trade it will be automatically closed.
Maximum total open risk equal to the Max Drawdown. If the Max Drawdown on the account is 10%, the trader can not open more than 10% risk.
Example if there are 5 trades with 2% risk each, another trade can not be opened until one of the trades has been closed, or when the stop-loss is moved to breakeven on one of the other 5 trades.
In the event that you put on too many trades with risk, then our system will liquidate the latest trade placed.
We calculate the daily loss limit based on the previous day’s end of day equity. This is calculated at 5PM EST, so ensure you know what time of day this is in your location.
All of the below is calculated for you automatically inside your traders dashboard in real time, so you don’t need to calculate any of it, but you do need to understand it.
Example 1:
The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day.
The second day your daily drawdown limit is reset with the new High-Water Mark being $106,000. If your daily drawdown limit is 5% on the Hare account then the lowest your equity can reach is $106,000 – $5,300 = $100,700.
Example 2 (Violation): The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit but you did NOT close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day.
On the second day the trade goes back to breakeven and is closed by your stop loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (5% on a Hare account) on a single day and this will be a hard violation and the account will be closed.
If you violate this rule, the account will be closed.
The minimum to complete each phase of the Hare Challenge is 10 trading days. There must have been at least one trade opened on 10 different days to successfully pass each phase of the Challenge.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days. When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the Challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed.
The maximum to complete the Hare challenge is 30 days.
If the profit target is not reached within this time and the account is in drawdown it will be closed as failed.
If the profit target is not reached within this time and the account is in profit and no other violations have been incurred, then you will automatically be issued one free retry.
All challenge and funded accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account, which you are paid from.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
Arbitrage.
Hedging between accounts.
Delayed or frozen data feeds.
Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
Allowing others to trade your account.
Copying others trades.
Lot size manipulation – can not use one big trade to pass the profit target then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.
For funded accounts only, a visible stop-loss is required with every trade.
If you enter a trade without a stop-loss then our software will automatically close out the trade at the current price. This will most likely result in a small loss, and you will receive an email from us notifying you of the fact the trade has been closed.
Not placing a stop loss is a soft rule and will not result in you losing the account.
For funded accounts only, trades can be held overnight, but all trades must be closed before the weekend.
All open or pending trades will be closed automatically by our trading server at Friday at 5PM EST as a back stop if a trader has forgotten to close their trades.
This will be done at market price at the time and you will receive an email from us notifying you of the fact the trade has been closed.
Not closing trades for the weekend is a soft rule and will not result in you automatically losing the account, though we recommend you close the trade at a suitable time to optimize the potential of it.
For funded accounts only, there is a maximum position size of 2%. If a position is opened that is greater than 2% risk per trade it will be automatically closed.
Maximum total open risk equal to the Max Drawdown. If the Max Drawdown on the account is 10%, the trader can not open more than 10% risk.
Example if there are 5 trades with 2% risk each, another trade can not be opened until one of the trades has been closed, or when the stop-loss is moved to breakeven on one of the other 5 trades.
In the event that you put on too many trades with risk, then our system will liquidate the latest trade placed.
The profit target to reach the next stage of the Instant Standard Account is 10%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 6%, make a 6% withdrawal from your account and then make another 4% profit, you are still eligible to scale to the next level.
Aggressive Account
The profit target to reach the next level of the Instant Aggressive Account is 20%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 12%, make a 12% withdrawal from your account and then make another 8% profit, you are still eligible to scale to the next level.
The Maximum Drawdown for the Instant accounts are static. This means that no matter the profit you are in, your Maximum Drawdown limit is always calculated from the initial account balance after scaling.
For example, if you have a $80,000 account.
For the Instant Standard Account:
$80,000 – 5% = $76,000 is the lowest equity your account can reach before violating this rule.
For the Instant Aggressive Account:
$80,000 – 10% = $72,000 is the lowest equity your account can reach before violating this rule.
If you violate this rule, the account will be closed.
The minimum time to scale to the next level of both the Instant Funding Accounts is 5 trading days. There must have been at least one trade opened on 5 different days to qualify to scale your account.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days. When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the Challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed.
The maximum time to complete the first level of your Instant Funding account is 180 days.
If the profit target is not reached within this time the account will be closed and breached.
After you have reached the profit target of your first account and have scaled to the next level, there is no maximum time limit and you are free to trade at your own pace as long as you do not breach the inactivity period.
All accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account from which you are paid.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
Arbitrage.
Hedging between accounts.
Delayed or frozen data feeds.
Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
Allowing others to trade your account.
Copying others trades.
Lot size manipulation – can not use one big trade to pass the profit target then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.
If you enter a trade without a stop-loss then our software will automatically close out the trade at the current price. This will most likely result in a small loss, and you will receive an email from us notifying you of the fact the trade has been closed.
Not placing a stop loss is a soft rule and will not result in you losing the account.
Trades can be held overnight, but all trades must be closed before the weekend.
All open or pending trades will be closed automatically by our trading server at Friday at 5PM EST as a back stop if a trader has forgotten to close their trades.
This will be done at market price at the time and you will receive an email from us notifying you of the fact the trade has been closed.
Not closing trades for the weekend is a soft rule and will not result in you automatically losing the account, though we recommend you close the trade at a suitable time to optimize the potential of it.
There is a maximum position size of 2%. If a position is opened that is greater than 2% risk per trade it will be automatically closed.
Maximum total open risk equal to the Max Drawdown. If the Max Drawdown on the account is 10%, the trader can not open more than 10% risk.
Example if there are 5 trades with 2% risk each on the Instant Aggressive account, totalling 10% risk, another trade can not be opened until one of the trades has been closed, or when the stop-loss is moved to breakeven on one of the other 5 trades.
In the event that you put on too many trades with risk, then our system will liquidate the latest trade placed.
City Traders Imperium Alternative & Comparison
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