As the leader in the modern prop-trading segment, FTMO has been one of the most successful Czech companies achieving a record turnover of over $213 million and EBITDA performance of nearly $100 million in the past year. The company also reached a significant milestone by acquiring traditional proprietary trading company, Quantlane, and marketing agency, eVisions, earlier this year. Expanding the group of companies in related industries continues to be the founders’ focus for the coming years. In addition to clear plans for expansion in the coming years, the core business is roaring ahead with over 2.3 million open trading accounts during 2024 (up 33% year-on-year).
“Last year was significant for us for several reasons, but the main one is clearly the transition from a company focused on a single business to a group that synergizes different sectors. We consider it a great success that we were able to further expand our platform services and grow our user base. Achieving record turnover and profit is essential for us, especially in terms of healthy finances and leveraging the opportunities this growth presents for the continued expansion of the Group. Our vision, which may be nearing its final form, 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.
Reaching a turnover of almost CZK 5 billion represents an increase of about 20% compared to last year’s CZK 4 billion. To support further growth, experienced experts Eva Svobodová, as head of the legal team, and Radek Dyntar, as CFO, have strengthened the company’s management. However, the core product remains a priority for FTMO and is thriving this year. Since the beginning of 2024 alone, FTMO has paid out approximately 80% more money to its traders than in the same period last year. The platform is also seeing higher registration numbers.
A market leader in search of profitable traders
In 2023, FTMO launched a Premium Program on its platform aimed at long-term and consistently profitable clients. Participants selected into the program can get various benefits due to their great results, and the top performers have the opportunity to join the team at Quantlane, which employs full-time traders and trades equity directly. Additionally, FTMO has also launched the FTMO Academy project, allowing anyone interested to learn more about trading and advance their skills for free.
“FTMO will celebrate 10 years on the market next year. I’m glad that we can rightfully call ourselves a stable leader and in many ways a role model for others in the industry. We certainly don’t plan to step back from this position, we are working on professionalizing our internal processes and have a lot of plans to take the platform even further. The entire holding will also receive more attention, as 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.
