IMPERIUM broker review
City Traders Imperium, often referred to as Imperium Broker, is a proprietary trading firm established in 2018 by seasoned traders Daniel Martin and Martin Najat. Headquartered in London, UK, this private company focuses on providing retail traders with the necessary capital to trade in various financial markets. With a mission to empower traders, City Traders Imperium has cultivated a reputation for fostering a supportive trading environment, offering a range of educational resources alongside funding opportunities.
Since its inception, City Traders Imperium has seen significant growth, attracting a diverse clientele of traders eager to enhance their trading skills while leveraging the firm's capital. The company primarily serves the forex trading community but has expanded its offerings to include various asset classes, such as commodities and indices. Notably, the firm has developed a unique evaluation process that allows traders to showcase their capabilities before accessing funded accounts, making it an attractive option for both novice and experienced traders.
The business model of Imperium Broker operates on a profit-sharing basis, where traders can retain a significant portion of their profits, ranging from 70% to 100%, depending on their performance and the specific funding program they choose. This structure not only incentivizes traders to perform well but also aligns the interests of both the firm and its traders.
City Traders Imperium operates under the legal entity City Traders Imperium Limited, which is registered in the UK with the company number 11463147. However, it is important to note that Imperium Broker is not regulated by any financial authority, including the UK's Financial Conduct Authority (FCA). This lack of regulation may raise concerns for some traders, as proprietary trading firms do not typically require licenses like traditional brokers.
Despite the absence of regulatory oversight, City Traders Imperium implements several compliance measures to ensure the safety of client funds. The firm emphasizes a strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policy, which includes verifying the identity of traders before allowing them to access funds. Furthermore, client funds are kept in segregated accounts to protect them from operational risks.
While Imperium Broker does not participate in an investor compensation scheme, it maintains a commitment to transparency and risk management. Traders are encouraged to familiarize themselves with the firm's internal policies and procedures to better understand their rights and responsibilities when trading with the company.
City Traders Imperium offers a diverse range of trading products, with a primary focus on forex trading. The firm provides access to over 28 currency pairs, including major, minor, and exotic pairs. In addition to forex, Imperium Broker also supports trading in various CFDs, including indices, commodities, and metals such as gold and silver.
The company continuously updates its product offerings, ensuring that traders have access to the latest market opportunities. Although the range of products may not be as extensive as some competitors, the focus on forex and popular CFDs allows traders to engage in a variety of trading strategies.
For retail clients, Imperium Broker provides several funding programs tailored to different trading styles, including day trading and long-term strategies. Additionally, the firm offers a direct funding option for experienced traders who wish to bypass the evaluation process and start trading immediately.
City Traders Imperium exclusively utilizes the MetaTrader 5 (MT5) trading platform, known for its sophisticated trading capabilities and user-friendly interface. This platform is compatible with both Windows and Mac operating systems, providing traders with the flexibility to execute trades seamlessly across devices.
The Imperium Broker platform supports various trading functionalities, such as advanced charting tools, technical indicators, and automated trading through Expert Advisors (EAs). Traders can also take advantage of the platform's API access for algorithmic trading, allowing them to implement custom trading strategies.
In terms of infrastructure, City Traders Imperium ensures robust performance by utilizing high-speed servers located in strategic locations to minimize latency. This technical setup facilitates efficient order execution and enhances the overall trading experience for clients.
City Traders Imperium offers several account types designed to meet the diverse needs of traders. The primary account options include:
Two-Step Challenge Account: Ideal for traders who prefer a structured evaluation process. This account requires a minimum deposit ranging from $5,000 to $100,000, with a profit target of 10% in phase one and 5% in phase two. The account features a maximum drawdown of 10% and a daily loss limit of 5%.
Instant Funding Account: This account allows traders to access funds immediately without undergoing an evaluation. The minimum deposit starts at $5,000, with a profit target of 10% and a maximum drawdown of 10%. The daily loss limit is not specified, providing greater flexibility for traders.
Direct Funding Account: Designed for experienced traders, this account offers immediate access to trading capital with a minimum deposit of $1,059 to $3,649. The profit target is set at 10%, with a maximum drawdown of 5%.
All accounts allow for leverage up to 1:33, depending on the asset class, and traders can benefit from low spreads, starting from 1 pip on major currency pairs. Notably, Imperium Broker does not charge trading fees, aligning its revenue model with the success of its traders.
City Traders Imperium provides a variety of deposit and withdrawal methods to facilitate smooth transactions for its traders. Accepted deposit methods include bank transfers, credit cards, and various electronic wallets, ensuring that traders can fund their accounts conveniently.
The minimum deposit requirement varies by account type, with the lowest starting at approximately $39 for the evaluation programs. Deposit processing times are typically quick, allowing traders to access their funds without significant delays.
When it comes to withdrawals, Imperium Broker has established clear policies. Traders can request withdrawals after achieving a minimum profit threshold, with options for bank transfers and cryptocurrency withdrawals available. The processing time for withdrawals can vary, with crypto withdrawals typically completed within 24-48 hours, while bank transfers may take longer.
Withdrawal fees may apply, particularly for crypto transactions, which could incur a 5% fee. It's essential for traders to review the specific terms and conditions associated with their account type to understand the withdrawal process fully.
City Traders Imperium prides itself on providing excellent customer support to its traders. The firm offers multiple channels for assistance, including email, online chat, and a dedicated Discord community. Support is available during business hours, but traders should note that live chat is not operational on weekends or public holidays.
The company also emphasizes the importance of trader education, offering a range of resources designed to enhance trading skills. These resources include webinars, tutorials, and comprehensive trading courses that cover various aspects of forex trading and risk management.
Additionally, Imperium Broker provides market analysis services, including daily reports and research materials, to help traders stay informed about market trends and opportunities. The combination of robust customer support and educational resources positions City Traders Imperium as a valuable partner for traders seeking to improve their performance.
City Traders Imperium primarily serves traders from various regions, with a strong focus on the UK and Europe. The firm has expanded its reach to include clients from over 60 countries, allowing a diverse range of traders to access its services.
However, there are specific regions from which the firm does not accept clients, primarily due to regulatory restrictions. These regions include countries with stringent financial regulations that may conflict with the company's operational model.
While Imperium Broker continues to grow its global presence, it remains committed to adhering to local laws and regulations to ensure compliance and protect its traders. The firm encourages prospective clients to review the eligibility criteria based on their location before applying for an account.
In conclusion, City Traders Imperium stands out as a reputable proprietary trading firm that offers a comprehensive suite of services for traders. With its competitive profit-sharing model, diverse funding options, and commitment to trader education, Imperium Broker provides an attractive platform for both new and experienced traders looking to thrive in the financial markets.