FTMO is one of the Czech companies that have been particularly successful in recent years. Thanks to its position as a leader in the segment, the global platform for aspiring traders achieved a record turnover of almost 5 billion crowns last year and increased profit (EBITDA) to 2.3 billion. But the company also crossed an imaginary milestone when it bought traditional proprietary trading company Quantlane and acquired marketing agency eVisions earlier this year. Growth into a group of companies in related industries is the goal of the founders for the following years as well. The platform that forms the core of FTMO’s business continues to enjoy high trust in the prop-trading community. This is also proven by the number of open business accounts on the platform, which rose by up to a third year-on-year and exceeded 2.3 million in 2023.
Otakar Šuffner and Marek Vašíček, founders of FTMO
“Last year was important for us for several reasons, but the main one is clearly the transition from a company dealing with one business to a group combining various industries in synergy. We consider it a great success that we were able to further expand our services on the platform and grow in terms of the number of users. Achieving record turnover and profit is important to us mainly from the point of view of healthy finances and the possibilities that this growth represents for the continued expansion of the group. The vision, which could be close to the final one, is to make FTMO a place where every aspiring trader or person interested in trading can find what they need.” says Otakar Šuffner, co-founder and CEO of FTMO.
Achieving a turnover of almost 5 billion crowns represents an increase of about a fifth compared to last year, when the turnover reached 4 billion. Among other things, with regard to the further growth of the company, the management was strengthened by experienced experts Eva Svobodová in the position of head of the legal team and Radek Dyntar in the role of financial director. However, the core product remains a priority for FTMO and is doing well this year as well. Since the beginning of 2024 alone, FTMO has paid out roughly 80% more money to its traders than in the same period last year. The platform also records higher numbers of registrations.
Number one on the market
In 2023, FTMO also launched a Premium program on its platform, which is aimed at long-term and consistently profitable clients. If they get into the program, they can receive various benefits thanks to their great results, and the best of them have the opportunity to become part of the team at Quantlane, which employs full-time traders and trades with equity directly. In addition, FTMO has also launched the FTMO Academy project, which allows all interested parties to learn more about trading and advance their skills for free.
“FTMO will celebrate 10 years on the market next year. I am glad that we can rightfully call ourselves a stable leader and, in many ways, a role model for others in the industry. We definitely do not plan to back down from this position, we are working on professionalizing internal processes and we have a lot of plans to push the platform even further. The entire holding will also receive more attention, for which we are still looking for interesting entities that would synergistically fit into our plans, as was the case with Quantlane and eVisions.” explains Marek Vašíček, co-founder and CTO.
Czech FTMO is a technology company focused on developing skills and knowledge for trading in financial markets. From the position of a stable leader in the segment, it provides people all over the world with demo accounts linked to developments in real markets – with a value of up to four million crowns. With the help of training, coaching and advanced tools, FTMO motivates its users to perform at their best and rewards successful ones with up to 90% of the results on their demo accounts. However, in order to receive the reward, clients must complete the so-called Verification process, which includes the FTMO Challenge and Verification. Since its launch, less than 2 million people from almost all over the world have tried the platform in both paid and unpaid modes. Since its establishment in 2015, the company has won the Deloitte Fast 50 competition evaluating the fastest growing technology companies in Central Europe five times, its founders have become EY Technology Entrepreneurs of the Year 2022 in the Czech Republic and are also collecting other awards.
