City Traders Imperium VS FTMO Comparison


If you're considering funding your forex trading account with either City Traders Imperium or FTMO, you'll want to make sure that you're making a smart decision. The good news is that this isn't something you have to figure out on your own. 

This comparison article gives advice and guidance on what makes each firm unique and how the two stack up against each other: From fees to restrictions and details about their respective trading accounts. We want to give you an in-depth look at all the options available to you so that you can find the best fit for your needs. 

So don't just take our word for it: take a peek and see which emerges as a clear winner! By the end of this article, you will know which one is one of the best forex prop trading firms.

About City Traders Imperium

City Traders Imperium

Based in London, City Traders Imperium is one of the leading proprietary trading firms in the United Kingdom, providing funded forex accounts. City Traders Imperium stands out from other proprietary trading firms due to its commitment to trader development. It offers traders support with their trades and provides an environment where traders can learn from their peers and grow their skillset. The company has built up a network of traders who come from all walks of life—from beginners to experienced professionals—who are more than willing to share their successes and failures. This allows traders to benefit from each other's experiences and become more successful in the long run. 

About FTMO 

Ftmo

FTMO is an international proprietary trading success story. Founded in 2014 in the Czech Republic, it has provided a platform for aspiring traders to reach their goals. After joining and completing the two-step testing regime, FTMO offers traders a chance they may have never experienced before - investing real money. In fact, they're so confident in their infrastructure and network of eager traders, FTMO will transfer an astonishing 400 thousand dollars into an account after testing is complete - something you can't say about your everyday security job!

City Traders Imperium Vs. FTMO: CTI Evaluation Process 

City Traders Imperium offers four types of funding programs. And every program has its evaluation process. So we will review all four types of funding programs. 

  1. Day Trading Funding Program
  2. Standard Funding Program
  3. Classic Funding Program
  4. Direct Funding Program

Day Trading Funding Program

If you are a risk-taking Day Trader looking for a challenge, City Traders Imperium's unique two-step program might just be what you need. The two steps of the program allow traders to evaluate how well they can handle their investments and how much drawdown they are comfortable with. Then, imagine the adrenaline rush of knowing that your portfolio could gain huge rewards or face significant risks! It's a perfect mix of excitement and skill that provides a refreshing experience.

City Traders Imperium's Day Trading Program is sure to have something for everyone - from the seasoned veterans intent on hitting big gains to beginners just starting! Users can find what works best for them with three different accounts to choose from - the 10K, 25K, and 50K Challenge. Moreover, with a one-time fee, they won't need to worry about additional investments. Plus, with a 45-day timeframe in both phases and a max daily drawdown of 4%, users are sure to keep their funds safe while hopefully making a profit. Finally, participants can satisfy their competitive streak with a profit split up to 100% that'll ensure the rewards pay off!

Standard Funding Program

Are you looking for the perfect balance of risk and reward? City Traders Imperium has you covered with their Standard Funding Program! With just a one-step evaluation process and plenty of flexible rules, this program is ideal for anyone with a medium-risk profile. Plus, you'll pay a reasonable one-time fee depending on how much your initial deposit will be:

  • $10K Funded Account costs £119
  • $20K Funded Account costs £209
  • 40K Funded Account costs £389
  • $50K Funded Account costs £459
  • $70K funded account costs £659

Plus, enjoy up to a 100% profit split and a max drawdown of 5%! Achieving your target has never been easier - the Max Time limit is 6 months with at least 30 active days. So if you're looking to maximize safety and profitability, this program is for you!

Classic Funding Program

City Trader Imperium offers the perfect solution if you're looking for top-notch funding without breaking the bank. Their Classic Funding Program provides unparalleled evaluation time limits at relatively low risk, while their one-step evaluation process is a breeze. With five accounts on offer at one-off fees ranging from £109 to £649, you'll get up to a year's worth of evaluation with a 10% profit target and 5% maximum drawdown. And perhaps best of all, you could be walking away with as much as 100% of your profits! 

Direct Funding Program

City Traders Imperium's Direct Funding Program comes with direct funding without any evaluation! Moreover, they make starting your trading account accessible - just pay the one-time fee, and you'll have instant access. Then, with up to 100% of your profit coming back to you, all that's left is finding your winning trading strategy. The Max Drawdown and Max Stop Loss options ensure your safety but also challenge you.

City Traders Imperium Vs. FTMO: FTMO Evaluation Process 

FTMO offers a unique two-step evaluation process to discover trading talents. The process consists of the FTMO Challenge and the Verification. The FTMO Challenge assesses a trader's ability to adapt their trading style and risk management based on predefined rules. The Verification tests whether the trader can maintain profitability over a prolonged period while following strict guidelines set by FTMO.

To participate in the FTMO Challenge, traders can get a balance account of $10,000 to $200,000. In this example, we will discuss a $10,000 account. The rules are straightforward: within 30 days, traders must make a profit of $1,000 in a $10,000 account without exceeding daily or overall loss limits. The daily loss limit is $500, and the overall loss limit is $1,000. Traders must also trade for at least 10 days to pass the challenge.

The Verification step is more accessible than the challenge. In this step, traders are given 60 days to make a profit of $500 with a $10,000 account. The drawdown limits are the same as in the challenge, with a daily limit of $500 and an overall limit of $1,000. Traders must trade for at least a certain number of days to qualify.

Upon successfully completing the evaluation program, traders will be offered the opportunity to access FTMO's proprietary trading accounts with balances of up to $400,000. Note that FTMO provides two options for each account: Normal and aggressive. In this example, we are discussing the Normal account.

FTMO Vs City Traders Imperium: Cost

When choosing a funded trading platform, one of the main factors to consider is the cost. This can vary significantly between different platforms, so it's essential to compare and evaluate available options.

In this comparison article, we will compare the costs of two popular trading platforms - City Traders Imperium and FTMO. Both platforms offer 10K accounts, but the fees and refund policies differ.

First, let's take a look at City Traders Imperium. This platform has a one-time fee of £109 for the 10K account. Unfortunately, this means that once you pay this fee, you won't be able to get a refund, regardless of whether or not you pass the challenge.

On the other hand, FTMO has a refundable fee of $155 for the 10K account. If you pass the challenge, they will refund the cost. This can be an excellent option for traders who are unsure of their abilities and want to test the platform before committing to a more considerable investment.

Overall, the cost of City Traders Imperium and FTMO is quite different. While City Traders Imperium has a lower one-time fee, it's not refundable. On the other hand, FTMO has a higher fee, but it can be refunded if you pass the challenge.

Ultimately, deciding which platform to choose will depend on your personal preferences and trading goals. Both City Traders Imperium and FTMO offer great trading opportunities, but the cost is an important factor to consider.

City Traders Imperium Vs. FTMO: Profit Splits

In addition to the cost, another critical factor to consider when choosing a trading platform is the profit split. This is the percentage of profits that you will receive when you trade on any proprietary platform.

In the case of City Traders Imperium, the profit split is 70/30. You will receive 70% of the profits, and the platform will receive 30%. This is a standard profit split for many trading platforms. In addition to the profit split of 70/30, City Traders Imperium also offers a growth plan for qualified traders. If a trader qualifies for this plan, their profit split will increase to 90/10. This means that they will receive 90% of the profits, and the platform will receive only 10%.

This can be an excellent opportunity for traders looking to maximize their profits. However, it's important to note that not all traders will qualify for the growth plan. The criteria for qualification are not publicly available, so it's unclear what traders need to do to be eligible for this plan.

Overall, the profit split offered by City Traders Imperium can vary depending on whether or not a trader qualifies for the growth plan. While the standard profit split is 70/30, the growth plan offers a much more generous split of 90/10. This can be a significant factor for traders looking to maximize their profits.

On the other hand, FTMO offers a profit split of 80/20. In addition to the default profit split of 80/20, FTMO also offers a scaling plan for qualified traders. If a trader meets the conditions of this plan, their account balance will be increased by 25%, and the profit split will automatically change to 90/10.

Also, note that not all traders will qualify for the scaling plan. The criteria for qualification are not publicly available, so it's unclear what traders need to do to be eligible for this plan.

Overall, the profit split offered by FTMO can vary depending on whether or not a trader qualifies for the scaling plan. While the default profit split is 80/20, the scaling program provides a much more generous split of 90/10. 

Who should choose City Traders Imperium?

City Traders Imperium is a good choice for prop traders looking for a supportive and collaborative trading environment. The company's focus on trader development and its network of traders who share their experiences and knowledge can be a great resource for traders looking to improve their skills and increase their profits.

Additionally, City Traders Imperium's one-time fee and flexible rules for their funding programs can be attractive for traders who want to avoid additional costs and restrictions. The company's four funding programs also offer a range of options for different risk profiles and trading goals.

Overall, City Traders Imperium is a good choice for traders looking for a supportive and flexible trading platform focusing on trader development.

Who should choose FTMO?

FTMO is a good choice for traders looking for a challenging and rigorous evaluation process. The company's two-step evaluation process, which includes a simulated trading account and a live trading account with real money, can be an excellent way for traders to demonstrate their skills and strategy.

Additionally, FTMO's two funding programs offer a range of options for different risk profiles and trading goals. As a result, the company's profit splits and fees are also competitive, and traders who qualify for the Scaling Plan can receive an even more generous profit split.

Overall, FTMO is a good choice for prop traders looking for a challenging and rewarding prop firm with various funding options and competitive profit splits.

Conclusion 

In conclusion, City Traders Imperium and FTMO are great prop firms for aspiring traders. City Traders Imperium stands out due to its focus on trader development and its network of traders who are willing to share their experiences, while FTMO provides a rigorous two-step evaluation process and competitive profit splits. Ultimately, deciding which platform to choose will depend on your preferences and trading goals. So, what do you think is the best prop trading firm?