City Traders Forex Broker

City Traders Forex Broker - Complete Information Guide

1. Broker Overview

City Traders Imperium (CTI) is a proprietary trading firm founded in 2018. Headquartered in London, UK, CTI operates as a private entity dedicated to empowering traders by providing them with the necessary tools and capital to succeed in the financial markets. The firm's mission centers around creating a supportive trading environment that fosters financial independence for traders from various backgrounds.

Since its inception, City Traders Imperium has rapidly grown, establishing a significant presence in the proprietary trading space. The company has funded over 36,000 traders and allocated more than $367 million in capital, showcasing its commitment to helping individuals achieve their trading goals. The co-founders, Daniel Martin and Martin Najat, both seasoned traders, recognized a gap in the market for a firm that genuinely supports traders rather than merely selling courses. This realization led to the establishment of CTI, which emphasizes trader education, transparency, and a community-driven approach.

CTI primarily serves retail forex traders, offering access to a diverse range of trading instruments including forex, commodities, and indices. The firm's business model focuses on providing funded trading accounts, allowing traders to leverage the firm's capital while retaining a significant portion of their profits. With a flexible approach to trading styles and conditions, City Traders Imperium stands out as a preferred choice for many aspiring and experienced traders alike.

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2. Regulation and Compliance Information

City Traders Imperium operates without formal regulation, which is common among proprietary trading firms. The firm does not hold licenses from major regulatory bodies, as it primarily acts as a funding provider rather than a broker. This lack of regulation may raise concerns for some traders; however, CTI emphasizes transparency and ethical practices in its operations.

The firm follows a strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance policy, ensuring that all traders undergo identity verification before accessing funded accounts. This process includes submitting identification documents and proof of address.

While City Traders Imperium does not participate in an investor compensation fund, it maintains a clear policy regarding the segregation of client funds. All trading capital provided to traders is sourced from the firm's revenue and internal funds, minimizing risks associated with client capital exposure.

In summary, while the City Traders Broker does not have formal regulatory oversight, it adheres to strict compliance measures to foster a secure trading environment.

3. Trading Products and Services

City Traders Imperium offers a comprehensive range of trading products, primarily focusing on forex trading. The firm provides access to over 28 forex pairs, including major, minor, and exotic currencies. This extensive selection allows traders to engage in various strategies and capitalize on market movements.

In addition to forex, CTI offers Contracts for Difference (CFDs) on various asset classes, including:

• Indices: Traders can access CFDs on major stock indices such as the S&P 500 and the FTSE 100.
• Commodities: The firm allows trading in key commodities like gold and crude oil, providing opportunities for diversification.
• Cryptocurrencies: Although limited, CTI offers access to select cryptocurrency pairs, catering to the growing interest in digital assets.

City Traders Imperium is committed to regularly updating its product offerings, ensuring that traders have access to the latest market opportunities. The firm also provides retail trading services, allowing individual traders to utilize CTI's capital while benefiting from competitive profit-sharing arrangements.

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4. Trading Platforms and Technology

City Traders Imperium exclusively utilizes the MetaTrader 5 (MT5) platform, one of the most popular trading platforms globally. MT5 offers advanced trading tools, including various order types, technical indicators, and customizable charting options, allowing traders to conduct in-depth market analysis.

CTI does not currently offer a proprietary trading platform; however, the firm has plans to expand its technological offerings in the future. The MT5 platform is accessible on multiple devices, including desktop, web, and mobile applications, ensuring that traders can manage their accounts from anywhere.

The firm employs an ECN (Electronic Communication Network) execution model, providing traders with direct access to market liquidity and tight spreads. This execution model is designed to enhance the trading experience by minimizing slippage and ensuring fast order execution.

Additionally, City Traders Imperium supports automated trading through Expert Advisors (EAs), allowing traders to implement algorithmic trading strategies. The firm's servers are strategically located to optimize execution speed and reliability, further enhancing the trading environment.

The mention of City Traders Broker in this section underscores its commitment to providing a robust trading platform for its users.

5. Account Types and Trading Conditions

City Traders Imperium offers several account types tailored to different trader needs, including:

• Standard Account: This account type features competitive spreads, with no minimum deposit requirement. Traders can enjoy a profit split starting at 60%, which can increase based on performance.
• Classic Account: Designed for traders seeking a more relaxed evaluation process, this account type allows for a one-year evaluation period with flexible trading conditions.
• Instant Funding Account: This option allows experienced traders to bypass the evaluation phase and access funded capital immediately, with a profit share of up to 100%.

Each account type has specific conditions, including minimum trading days and profit targets. For instance, the standard account requires traders to achieve a 10% profit target during the evaluation phase, while the instant funding account allows traders to start earning profits right away.

Leverage varies depending on the account type, with options ranging from 1:10 to 1:30 for forex trading. The firm also enforces a mandatory stop-loss policy, requiring traders to set stop-loss orders within a minute of entering a trade.

Overall, the City Traders Broker provides a variety of account types and trading conditions to accommodate traders of all experience levels.

6. Fund Management

City Traders Imperium supports multiple deposit methods, including bank transfers, credit/debit cards, and electronic wallets. However, it is important to note that credit and debit card payments are not accepted for withdrawals, which may be a limitation for some traders.

The minimum deposit requirement varies by account type, with instant funding accounts typically requiring a higher initial investment. Deposits are processed promptly, allowing traders to access their accounts quickly.

Withdrawal requests can be made through the CTI dashboard, with a minimum withdrawal threshold set at $100. The processing time for withdrawals is generally within one business day, ensuring that traders can access their profits efficiently.

In terms of fees, City Traders Imperium maintains a transparent fee structure, with commissions set at $2.25 per lot for forex and commodities. This competitive pricing model enhances the overall trading experience for clients.

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7. Customer Support and Educational Resources

City Traders Imperium offers comprehensive customer support through various channels, including live chat, email, and a dedicated Discord community. The firm is committed to providing timely assistance, although some users have reported occasional delays in response times.

The support team is available during business hours, covering multiple time zones to accommodate traders from different regions. Additionally, CTI provides multilingual support, ensuring that traders can communicate effectively regardless of their language preference.

CTI places a strong emphasis on education, offering a wide range of resources to help traders improve their skills. These resources include webinars, tutorials, and market analysis services, providing traders with valuable insights into market trends and strategies.

The firm's educational offerings are designed to cater to traders of all experience levels, making it easier for beginners to learn the ropes while offering advanced strategies for seasoned traders.

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8. Regional Coverage and Restrictions

City Traders Imperium primarily serves traders from various regions, including Europe, North America, South America, Asia, Australia, and New Zealand. However, the firm does not accept clients from certain countries, including Syria, North Korea, Cuba, and Iran, due to regulatory restrictions.

CTI has established a strong presence in the UK and beyond, with plans to expand its reach further. The firm operates through a network of regional offices, ensuring that traders have access to local support and resources.

In summary, while City Traders Imperium offers extensive coverage, it is essential for potential clients to be aware of the specific restrictions that may apply based on their location.

In conclusion, City Traders Imperium stands out as a reputable and supportive City Traders Broker, offering a range of funding options, educational resources, and a commitment to trader success. With its transparent practices and focus on community, CTI is well-positioned to help traders achieve their financial goals.