Exclusive: Prop Trading Giant FTMO’s 2023 Turnover Hits $213 Million

FTMO, a prominent prop trading brand planning to launch a brokerage, generated a turnover of almost CZK 5 billion (over $213 million) in 2023, Finance Magnates learned exclusively. The figure jumped 20 percent from the previous year’s CZK 4 billion in turnover. The EBITDA of the company also reached nearly $100 million.

Strong Numbers for FTMO

Furthermore, the number of open trading accounts with the Czech company reached more than 2.3 million in 2024, which is 33 percent higher year-over-year.

Otakar Šuffner, co-founder and CEO of FTMO

“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 synergises different sectors,” said Otakar Šuffner, co-founder and CEO of FTMO.

Indeed, FTMO acquired traditional proprietary trading company Quantlane and marketing agency eVisions earlier this year. Now, the company is in the process of launching a brokerage and has already onboarded Michael Kamerman, an industry expert, as the CEO of its brokerage unit.

“We consider it a great success that we were able to further expand our platform services and grow our user base,” Šuffner added. “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.”

The expansion of FTMO is also clear from its prominent hires, as the company added Radek Dyntar as the CFO and Eva Svobodová as the Chief Legal Officer earlier this year.

Despite the diversifications, FTMO reiterated that its core prop trading products remain its priority. Regarding payouts to prop traders, the company highlighted that it paid 80 percent more money to its traders in the first seven months of 2024 than in the same period last year.

Is the Prop Trading Industry Consolidating?

While FTMO is thriving, many other prop trading companies are struggling, and some have even shuttered. The Funded Engineer, True Forex Funds, Stocknet Institute, SurgeTrader, and Skilled Funded Trader were some prop trading brands that terminated their operations due to various circumstances.

Meanwhile, more and more retail CFDs brokers are now jumping into this growing industry, offering prop trading services along with regular brokerage services. A trend started with OANDA, Axi, and Hantec Markets; now, brokerage brands like Blueberry Markets, IC Markets, ThinkMarkets, Traders Trust, and Trade.com are either offering or in the process of offering prop trading services.

However, the industry also caught regulatory attention, as Finance Magnates earlier revealed the European Securities and Markets Authority’s interest in prop trading firms. Recently, the CySEC’s Chair, Dr. George Theocharides, also said that “there will certainly be more scrutiny on [prop trading] firms in the near future.”

FTMO, a prominent prop trading brand planning to launch a brokerage, generated a turnover of almost CZK 5 billion (over $213 million) in 2023, Finance Magnates learned exclusively. The figure jumped 20 percent from the previous year’s CZK 4 billion in turnover. The EBITDA of the company also reached nearly $100 million.

Strong Numbers for FTMO

Furthermore, the number of open trading accounts with the Czech company reached more than 2.3 million in 2024, which is 33 percent higher year-over-year.

Otakar Šuffner, co-founder and CEO of FTMO

“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 synergises different sectors,” said Otakar Šuffner, co-founder and CEO of FTMO.

Indeed, FTMO acquired traditional proprietary trading company Quantlane and marketing agency eVisions earlier this year. Now, the company is in the process of launching a brokerage and has already onboarded Michael Kamerman, an industry expert, as the CEO of its brokerage unit.

“We consider it a great success that we were able to further expand our platform services and grow our user base,” Šuffner added. “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.”

The expansion of FTMO is also clear from its prominent hires, as the company added Radek Dyntar as the CFO and Eva Svobodová as the Chief Legal Officer earlier this year.

Despite the diversifications, FTMO reiterated that its core prop trading products remain its priority. Regarding payouts to prop traders, the company highlighted that it paid 80 percent more money to its traders in the first seven months of 2024 than in the same period last year.

Is the Prop Trading Industry Consolidating?

While FTMO is thriving, many other prop trading companies are struggling, and some have even shuttered. The Funded Engineer, True Forex Funds, Stocknet Institute, SurgeTrader, and Skilled Funded Trader were some prop trading brands that terminated their operations due to various circumstances.

Meanwhile, more and more retail CFDs brokers are now jumping into this growing industry, offering prop trading services along with regular brokerage services. A trend started with OANDA, Axi, and Hantec Markets; now, brokerage brands like Blueberry Markets, IC Markets, ThinkMarkets, Traders Trust, and Trade.com are either offering or in the process of offering prop trading services.

However, the industry also caught regulatory attention, as Finance Magnates earlier revealed the European Securities and Markets Authority’s interest in prop trading firms. Recently, the CySEC’s Chair, Dr. George Theocharides, also said that “there will certainly be more scrutiny on [prop trading] firms in the near future.”

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    BaFin Survey Finds Half of Clients Don’t Understand Structured Investment Products

    Germany’s financial regulator BaFin has completed an extensive investigation into the production and sale of interest-bearing and express certificates, finding no widespread misconduct among banks and product providers. However, the…

    XTB Beefs Up eWallet with 19 Currencies Before Summer to Compete in Travel Payments with Revolut

    Polish-headquartered investment platform XTB has expanded its digital wallet service to support 19 different currencies, adding several new options as the company prepares for increased usage during the summer travel…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Weekly Economic Calendar for 23.06.2025–29.06.2025

    • June 18, 2025
    Weekly Economic Calendar for 23.06.2025–29.06.2025

    BaFin Survey Finds Half of Clients Don’t Understand Structured Investment Products

    • June 17, 2025
    BaFin Survey Finds Half of Clients Don’t Understand Structured Investment Products

    XTB Beefs Up eWallet with 19 Currencies Before Summer to Compete in Travel Payments with Revolut

    • June 17, 2025
    XTB Beefs Up eWallet with 19 Currencies Before Summer to Compete in Travel Payments with Revolut

    Why Is Silver Used in Aerospace and What’s Driving Its Demand?

    • June 17, 2025
    Why Is Silver Used in Aerospace and What’s Driving Its Demand?