In this article, we’ll be comparing two prop firms, City Traders Imperium and Elite Trader Funding.
Let’s look at all details.
Prop Firms General Details
In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable).
|Prop Firm Details||City Traders Imperium||Elite Trader Funding|
|Offices Location||UK||Florida, USA|
|Keep First Profits||Challenge Fee||$12,500|
Here’s a list of all instruments supported by City Traders Imperium and Elite Trader Funding. I divided the list into two parts to show CFDs products and Futures products.
|Instruments CFDs||City Traders Imperium||Elite Trader Funding|
|Instruments Futures||City Traders Imperium||Elite Trader Funding|
|Foreign Exchange Futures|
|Interest Rate Futures|
Funding Program Types
Prop firms have different program types to achieve a funded account.
Here’s the resume and comparison of the City Traders Imperium and Elite Trader Funding different program types.
|Prop Firm Programs||City Traders Imperium||Elite Trader Funding|
|Two Step Evaluation|
Instant Funding Comparison
Instant funding programs give you access to a funded account immediately without needing to pass any challenge.
|Instant Funding Rules||City Traders Imperium||Elite Trader Funding|
|Max Daily Loss|
|Max Daily Drawdown|
|Minimum Trading Days|
|Maximum Trading Days|
|Profit Split||70%, up to 90%|
One-Step Program Comparison
One-Step programs are programs that require a single challenge to be passed. As soon as you pass the challenge, achieving the required targets without breaking any rules, you’ll be rewarded with a funded account to trade.
Here’s the comparison table for the City Traders Imperium and Elite Trader Funding prop firms.
|One Step Rules||City Traders Imperium||Elite Trader Funding||Elite Trader Funding||Elite Trader Funding||Elite Trader Funding||Elite Trader Funding|
|Program Name||Instant Funding||1-Step||End Of Day||Fast Track||Static Drawdown||Diamond Hands|
|Max Daily Loss||2.2%-1.7%||1.5%|
|Max Daily Drawdown||10%-2.5%||6%-2.8%||3%-2.6%||3.5%|
|Minimum Trading Days||5||5||5||5||5|
|Maximum Trading Days||14|
|Profit Split||70%, up to 90%||80%||80%||80%||80%||80%|
Two-Step Program Comparison
Two-Step programs require that you pass two different challenges before getting funded. Usually, each phase or each challenge has different targets and rules.
Here’s the comparison for City Traders Imperium and Elite Trader Funding.
|Two Step Rules||City Traders Imperium||Elite Trader Funding|
|Profit Target Step 1||10%|
|Profit Target Step 2||5%|
|Max Daily Loss||4%|
|Max Daily Drawdown|
|Min Trading Days Step 1||5|
|Min Trading Days Step 2||5|
|Max Trading Days Step 1||45|
|Max Trading Days Step 2||45|
|Profit Split||80%, up to 100%|
Trustpilot is a reputable platform when it comes to reviewing products and services.
Here is the rating that City Traders Imperium and Elite Trader Funding have on Trustpilot.
|Trustpilot Stats||City Traders Imperium||Elite Trader Funding|
|Number of Reviews||834||82|
Being able to test a prop firm before we commit and purchase is a good thing. We can get used to their trading platform, and understand spreads, commissions, and rules.
Some proprietary firms also offer free repeats in some circumstances, and also free resets, to be able to reset our account before the challenge period is over, in case things are not going as we wanted.
Here’s the comparison for City Traders Imperium and Elite Trader Funding prop firms.
|Free Stuff||City Traders Imperium||Elite Trader Funding|
Some prop firms may be better for you than others depending on your trading style. In this table, you can see the comparison between the trading styles allowed by City Traders Imperium and Elite Trader Funding prop firms.
|Trading Styles||City Traders Imperium||Elite Trader Funding|
Although most proprietary firms are more oriented to day trading, some allow holding positions overnight and even on weekends.
Here’s what is allowed by City Traders Imperium and Elite Trader Funding.
|Trading Hours||City Traders Imperium||Elite Trader Funding|
|Holding Over Weekend|
We all like to use the trading platform that we are used to. For this reason, prop firms support different trading platforms.
Here’s an extensive list of the platforms supported by City Traders Imperium and Elite Trader Funding.
|Supported Platforms||City Traders Imperium||Elite Trader Funding|
|Track N Trade|
The leverage provided by the prop firm may be an important factor when choosing it. This is especially true for day trading or scalping, where the position size is usually significantly bigger than for swing trading.
Here’s a comparison of the leverage provided by City Traders Imperium and Elite Trader Funding prop firms.
|Leverage CFDs||City Traders Imperium||Elite Trader Funding|
|Leverage Futures||City Traders Imperium||Elite Trader Funding|
Proprietary firms have several ways of payment.
Here’s a table with the comparison between the payment methods accepted by City Traders Imperium and Elite Trader Funding.
|Payment Types||City Traders Imperium||Elite Trader Funding|