You might want to read this is you in City Traders Imperium or thinking of joing. READ THIS FIRST.
RUN FAR AWAY.City Traders Imperium use puppets like Etienne who himself apparently teaches trades how to be successful in prop firm trading but clearly has never been successful himself. All of these fakes sell you an idea they have never and will never attain themselves. I know it’s human nature to try to believe the best in people but sadly this is really life, people are liars. Etienne is used to promote their business to just to invite more suckers to try and ultimately fail their funded program. So that the CEOs Daniel and Martin that claim to be “consistent traders” can make money from those that lose. Employing lost puppets like that Rodrigo idiot and Jamie Morris clown who lie about being “portfolio managers”. Jamie Morris simply failed at his previous prop firm, audacity capital, trust me I know,he now as joined the scammy team to earn monthly from suckers. CTI Claim the capital is their own. HAHA let me just laugh on that, it so clearly is not. You’re telling me Daniel that claimed to come to the UK in 2000 and whatever then built up millions to fund his own prop firm?! And his apparent prodigy of a mentee Martin Najat who also miserably failed trading in Audacity capital. Guys Stay away from City Traders Imperium, it is a ponzi snake oil scheme.
The capital is not CTIs, they are lying.
They will also claim that their “successful students are private” that is a lie. They do not have any successful students. City Traders Imperium popped up out of no where and is not credited, do not fall for their lies.
They will also claim they are changing their drawdown from being a relative drawdown to an absolute drawdown. This does not make a difference. The odds are still against you. Drawdown is apart of trading and if a system requires you to make 2.5 what you lose then you are not going to win. I guess you’ll only understand if you’re an experience trader.
Believe nothing, question everything.
I am a trader still on my journey, trust me it is so much easier to sell success from trading than to actually be it. Which is clearly what each and every one of them do. Daniel will request to be on YouTube podcasts to trick more fools into believing they’re legit. Ok you apparently made $200,000 during the beginning of a global pandemic, so what? And it’s very likely that he didn’t, the account is probably a demo account or something else. Guys how much longer will we fall for fake scams like IML (IM), Cash FX, City Traders Imperium! They are just there etc take from you.
I have traded for CTI for a while now. Just like any other “trading scheme” out there they will make you feel as if you are really benefiting from their relationship but sadly you’re not.
Their system is negative equity, it is designed to make you lose in the long term. When you have a continuous profit target of 10% and a Trailing drawdown of 4% you will fail at some point, usually sooner than later.
My proof? Take a look at those that have began the challenges, those that have passed by chance because honestly the odds are so heavily against you. Where are they now? A tiny % of people pass the evaluation and CTI make sure that they post these “winning traders” on their site to try to show you that it is possible. But how many of those traders make it through the next round and the next and the next.
Yes you guessed it NONE. Unless CTI are ready to show otherwise.(They can’t )
CTI is like a casino, the house always wins. They will put things in place that cause them to win in the long term while most of their “traders” fail in the long term. They know they have a failure rate of 95%+ so happily they take the one time fees and kiss you on your way. When you’re not successful they will sell you some motivational words, saying “focus on your psychology” “follow your plan” etc etc to encourage you to try again and pay the 1-time fee again. All the while selling something they themselves could not even pass. We have seen this time and time again, celebrities endorsing food/drink and cosmetic products they have in reality never used just to make sales using sweet words. This is the same.
The reason I said their “own” challenge is because it’s not really their own. The capital in the accounts, is not theirs. Their parameters, are not theirs. They are just like any white label reseller, trying to sell the same thing another is selling to make money.
But they will never tell you all of this.
You have people that have been claiming to be “portfolio managers” for several months now but again with schemes like this it’s unlikely for you to stay on the same level, you either go forward or you fail. These people that claim to be “portfolio managers” have failed and lost the accounts. If you want proof contact me. CTI won’t tell you they have a failure rate of over 95%. They claim they have successful traders who are “private” trust me this is a lie.
All these apparent “Portfolio Managers” where are they today? Failed that’s right so we don’t hear of them and CTI don’t talk about them.
Another great question to ask is about the Head Traders, the founders that claim to be professionals with rags to riches stories and heart warming trading journey stories.
But are they just selling these funded accounts that they sadly and evidently cannot pass themselves? YES
They promise that they do not make a dime from people paying the 1-time fees but this is just an out right lie, I have worked as staff in a different prop firm previously. So they shouldn’t bother trying to lie to me. Also CTI as a registered UK business would be pointless if they didn’t rake in cash from one-time fees as they don’t make money any other way.
They may not make allot from the 1-time fees but the difference between the Drawdown on each failed account and the 1-time fee paid is what they pocket.
Claims of being “successful traders” are well know in this game. Claims that are always never backed. A common practice of prop firms is to sell other things in order to make their own independent money, aside from the profit they share with their “investors”. A community was recently rolled out by their founders and particularly by someone who claims to be a “portfolio
Manager” to traders but has confessed to failing the “portfolio manager” level and starting again and failing.
He is the chief of marketing at CTI…
Why else would they roll out this big community, no other reason than to make money and I understand, if it doesn’t make money it doesn’t make sense. But profiting off the fact that you’re selling a lie is low but expected from most, it has gone on for centuries.
To cut a long story short, their are so many snake oil sales men out her now adays you can’t even tell what’s real or what’s fake.
With their constant lying promises.
All I can advise anyone about to start here is require proof, how many people have reached the Millionaire Trader tier, how many people fail the challenge, of those that do pass how many stay on or go onto fail the next stage.
Props to them “no pun intended :)” but again just know what it is you’re getting into, if they wanted you to succeed and trade consistently over the long term they wouldn’t have a 4% relative drawdown with a 10% target. Which simply means the odds are against you.
Other closing comments, although it’s not on their website anymore they once claimed 90% of their students are successful and I was confused because I don’t even know what they mean by students. Where is the proof?! Let me guess no where and this was a very precise number which makes it even less believable. I think we all know it’s not true because it is no longer on their website.
It is clear they are desperate for money, that’s the thing with scamming people you will continue to take so long as the opportunity is there.
They used to have a “successful” copy trader. city Traders Imperium ‘s copy trader worked for a few months and failed and is no longer on their website. Guys this happens time and time again, City Traders Imperium is no different. If you want to just give them your money you might as well send it directly to them, because you’re being scammed by City Traders Imperium.
More exposing will follow shortly. I know so much it’s hard to contain it in these long paragraphs.
Let me know your experience guys and I will post more truth about City Traders Imperium and
how they really work.
Again, believe nothing and question everything.