City
Traders Imperium (CTI) has announced the addition of an in-house MetaTrader 5
(MT5) platform from MetaQuotes to its offering. This move places CTI among a
growing number of challenge-based retail trading firms that have recently taken
similar steps. Like its counterparts, CTI recently established a new
headquarters in an offshore location in the Comoros Islands, a volcanic
archipelago in Africa’s Mozambique Channel.
City Traders Imperium
Offers In-House MetaTrader 5
Located in
Anjouan, one of the islands forming the Comoros Union, and with an additional
office in the United Arab Emirates, the proprietary trading firm announced
platform update. By developing and controlling its own MT5 platform, CTI aims
to eliminate intermediaries that can introduce latency and technical issues.
“This
is more than a platform update—it’s a statement of intent,” the company
commented in a statement emailed to FinanceMagnates.com. “We’re here to
empower traders, not just challenge them. By launching our own MT5, we’re
cutting out the middle layers and giving our community a smoother, more stable
environment to grow in.”
The firm
indicated that the platform transition will deliver faster execution speeds and
reduced downtime, while allowing for tighter integration with its trader
support systems. The change also gives CTI direct control over platform
enhancements and new tool development.
The company
claims to operate in over 100 countries worldwide and currently serves more
than 100,000 retail traders. “We’re not just funding traders—we’re
building futures,” the company added. “Our traders aren’t numbers.
They’re partners.”
You may also like: Prop Firms Challenge CFD Brokers: Takeover or Coexistence?
From Comoros to MetaTrader
Until now,
according to Prop Firm
Match data, the platform established in 2018 offered MT5 through a
partnership with Broctagon broker, with
Mabicon being its previous partner. As of this Monday, however, CTI has its
own license to offer the platform.
This move
was reportedly made possible by establishing operations in the Comoros Union.
Historical versions of City Traders Imperium’s website reveal that as recently
as February, information about the company being registered there under number
15969 was not present on the official site.
With this
development, CTI joins a growing group of proprietary trading firms relocating
to Comoros to offer MT5. FundingPips recently established its business
registration in Comoros, and Hola Prime also operates from this same
jurisdiction.
Another
offshore location has also gained popularity: St. Lucia. Some time ago, Wall
Street Funded launched operations there to offer MT5. As FinanceMagnates.com
reported last week, Blue Guardian and Maven Prop Trading have made similar
moves.
Interestingly,
St. Lucia doesn’t have a regulatory regime for the CFD industry and therefore
doesn’t actually issue licenses. This apparently doesn’t concern MetaQuotes.
Could the company be changing its approach toward prop trading firms after
causing significant disruption in this industry over a year ago?
This article was written by Damian Chmiel at www.financemagnates.com.
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