The City Traders Review 2025 – Prop Firm Features, Rules & Payout Explained
Read our full The City Traders review, including a detailed breakdown of Challenge types, Drawdown rules, Prohibited Strategies, and Payout process.

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The City Traders
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Forex, Crypto, Indices, Commodities
GB
CEO: Andrew Lockwood
We have not evaluated this firm yet.

DXTrade

Crypto

Deel

Crypto

Credit/Debit Card

Eightcap
The City Traders Ltd, established on August 8, 2019, and headquartered in London, UK, is a premier proprietary trading firm led by CEO Andrew. It offers a unique, one-step challenge program designed for aspiring prop traders to build a sustainable and profitable career. The program includes a single assessment phase with a 10% profit target, a 6% static maximum drawdown, and a 4% daily drawdown. Participants enjoy the flexibility of weekend holding and news trading with no time limits, leveraging up to 1:10, and an attractive 80% profit share. Account sizes range from $10,000 to $100,000, catering to various trader needs.
Company Information
- Company Name: The City Traders
- Company Legal Name: The City Traders Ltd
- Company Registration No.: [Information not provided]
- Operating Since: August 8, 2019
- CEO Name: Andrew Lockwood
- Registered in: London, UK
Challenge Details
Pricing:
- Size: $10,000 – Price: $110
- Size: $15,000 – Price: $125
- Size: $25,000 – Price: $225
- Size: $50,000 – Price: $350
- Size: $75,000 – Price: $500
- Size: $100,000 – Price: $600
Rules:
- Profit Target: 10%
- Total Loss: 6%
- Daily Loss: 4%
- Profit Share: 80%
- Drawdown Type: Static Based Drawdown
- Time Limit: Unlimited
- Leverage: 1:10
- Max Lot Size: No max lot size rule
- Payout Frequency: 14 days
- Allows Copy Trading: Yes
- Min Trading Days:
- 4 trading days in the evaluation phase
- 30 active trading days for Day Traders
- 20 active trading days for Swing Traders
Scaling Plan
The City Trader does not offer any scaling plan as of now.
Spreads and News Trading Rules
Spreads:
The City Traders partners with Eightcap as their broker to provide industry-leading spreads and commissions. To see live spreads, Traders can go through this link : https://www.eightcap.com/en/trading/trading-conditions/spreads/
News Trading Rules:
Traders at The City Traders are allowed to trade during news events. However, it’s crucial to remain diligent. High-impact news can lead to increased volatility and wider spreads, so practicing effective risk management is essential.
Other Important Rules:
Daily Drawdown Calculation:
The maximum daily drawdown is calculated based on equity that resets at the end of the 24-hour trading day. Understanding this metric helps traders manage their risk effectively.
Countries Banned from Purchasing:
The City Traders does not offer their services to all the OFAC sanctioned countries.
Gambling Rules:
The City Traders maintains a professional trading environment. Any activities deemed as gambling will not be tolerated, and appropriate actions will be taken if rules are violated.
Prohibited Trading Strategies:
While EAs (Expert Advisors) and indicators are allowed with certain restrictions, The City Traders prohibits several trading strategies in the funded stage. These include:
- High-frequency trading (manually or using a bot)
- Hedge arbitrage trading
- Tick scalping
- Grid Trading
- Martingale
- One-sided betting
- Latency arbitrage trading
- Reverse arbitrage trading
- Copying trades from other traders
Using any of the above strategies may result in account termination.
Payout Methods:
The City Traders provides two payout methods :
- Bank Transfer
- Cryptocurrency
Trading Commissions:
The City Traders has not clearly mentioned the trading commission for each asset type.
Account Sharing Rule:
To maintain security and compliance, The City Traders has strict rule that traders are not allowed to share their accounts to any third party service or a person.