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PropFirm
The City Traders


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Overview of The City Traders Forex Prop Firm

TheTrustedProp
Date: May 10, 2024

Company Details:

  • Name: The City Traders
  • Legal Name: The City Traders Ltd
  • CEO: Andrew
  • Founded on: 8th August 2019
  • Registered in: London, UK

Challenge Details:

  • Profit Target: 10%
  • Minimum/Maximum Trading Days: None
  • Daily Max Loss: 5%
  • Overall Drawdown: 6%
  • Available Leverage: 1:10 with standard pricing (upgrades available at checkout)
  • Live Account Gains: Keep up to 90% or compound your account, first withdrawal whenever you want
  • Account Sizes: $12,500, $25,000, $50,000, $100,000, $250,000, $500,000

Other Details:

  • Company Slogan: Learn. Trade. Get Funded.
  • Description: The City Traders is a trading community offering education, tools, and funding opportunities for traders. They aim to help traders learn trading strategies, grow within the community, and access funding.
  • What Sets Them Apart: The City Traders differentiates itself by focusing on three key areas: enabling community members to gain skills and support, particularly in varying economic conditions, and ultimately pursue careers as funded traders.

 

The City Traders aims to provide a comprehensive trading community where traders can learn, grow, and access funding while adhering to specific trading parameters and guidelines.

Services Offered:

  • Education: The City Traders offers a range of educational resources and tools to help traders develop their skills and knowledge. These resources may include webinars, trading courses, market analysis, and trading strategies.
  • Community Support: Being a part of The City Traders means joining a community of like-minded individuals who share a passion for trading. Members can collaborate, share insights, and learn from each other's experiences.
  • Funding Opportunities: The company provides a unique path to becoming a funded trader. With specific profit targets and risk management parameters, traders can work towards achieving the funding they need to pursue their trading career.

Trading Parameters:

  • The City Traders sets clear trading parameters to help traders manage their risk and work towards their profit targets. These parameters, including daily maximum loss and overall drawdown, ensure that traders maintain discipline and risk management in their trading activities.

Account Sizes:

  • Traders can choose from various account sizes, ranging from $12,500 to $500,000, depending on their trading goals and risk tolerance. This flexibility allows traders to start at a level that matches their experience and financial capacity.

Global Access:

  • The City Traders welcomes traders from all countries, except for those listed by OFAC, ensuring a global reach and diverse trading community.

Platform Integration:

  • The company's risk management technology is seamlessly integrated with the popular MT4 and MT5 trading platforms. This integration, coupled with pricing and execution provided by their trusted broker, offers a reliable trading environment.

Continuous Learning and Coaching:

  • The City Traders emphasizes ongoing learning and coaching, recognizing that market conditions evolve. Traders can access valuable coaching and mentorship to stay up-to-date with market trends and trading strategies.

Bypass Options:

  • To provide traders with flexibility, The City Traders offers options to bypass certain rules, such as holding positions over the weekend, for those willing to accept additional risk. This option can be accessed at checkout.

In summary, The City Traders is a trading community founded in 2019, headquartered in London, UK, and led by CEO Andrew. It offers traders a unique opportunity to learn, trade, and get funded, all within a supportive community. With well-defined trading parameters, various account sizes, and a commitment to ongoing education, The City Traders aims to help traders succeed in their trading endeavors and achieve their career goals as funded traders.

 

FAQs

Yes. If you do not place a trade at least once every 30 days on your account, it will be considered inactive and breached.

All trades must be closed by 3:45pm EST on Friday. Any open trades after this time will be automatically closed. An add-on can be purchased at checkout to bypass this rule, with an additional cost to compensate for the added risk.

You can trade any products offered by ThinkMarkets, including FX pairs, CFD indices, metals, equity shares, and cryptocurrencies.

Yes, you can trade during news events as long as pricing data from the broker continues to be provided.

Subject to the policy on Prohibited Trading, you can trade using an Expert Advisor.

All countries, excluding OFAC listed countries, can participate in the program.

The City Traders' risk management technology is integrated with the MT4 and MT5 platforms, with pricing and execution provided by their broker.

PropFirm
The City Traders


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