FTMO’s Parent Company Achieves Record Revenue in 2024, Expands Back into the U.S. Market
FTMO’s parent company achieved a revenue of $329 million in 2024, with a net profit exceeding $62 million, once again setting a record. Founded in 2015 in Prague by Otakar Šuffner and Marek Vašíček, this independent trading platform has rapidly risen to be an industry leader in recent years. It now employs over 300 staff globally and celebrated its tenth anniversary this year, having distributed over $450 million in bonuses to traders worldwide.
The performance of FTMO in 2024 is impressive, with the number of trading accounts surpassing 2.3 million, a 33% year-on-year increase. In the first seven months alone, trading bonuses distributed soared by 80% compared to the same period last year. Notably, FTMO successfully returned to the U.S. market and is now the only evaluation-based trader offering MetaTrader 5 services to U.S. users, widening its gap with competitors.
This year, FTMO also completed the acquisition of OANDA, enhancing the group’s global market footprint. Co-founder Šuffner stated, “We aim to create an unprecedented comprehensive trading ecosystem by integrating group resources.” Current OANDA CEO Gavin Bambury has also expressed enthusiasm for the partnership between the two companies.
FTMO has received Deloitte’s Fast 50 award for several consecutive years and has been featured in Forbes as one of the fastest-growing tech companies in Central Europe in 2024. Looking ahead, with technological innovations and international expansion, FTMO is set to write an even more remarkable chapter in the global trading world.
