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."

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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?