FTMO has marked its 10th anniversary with a major financial milestone: more than $450 million paid out to traders since its launch. The Prague-based proprietary trading firm, founded by two students in 2015, also announced that it has grown into a global operation employing over 300 people.
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Ten Years of Growth
The firm, created by Otakar Šuffner and Marek Vašíček while studying at the Prague University of Economics, celebrated its anniversary with the staff last week. Over the past decade, FTMO has expanded worldwide and built a trader community that has received cumulative payouts of more than $450 million.
“It has been an epic ride, it is a great ride, and it will be an even greater ride,” commented Šuffner. “With FTMO, we have created an entirely new industry, employed over 300 people, and paid out more than 450 million USD to our traders.”
FTMO has been on an uptrend in the recent past. The prop firm reported a turnover of almost CZK 5 billion (over $213 million) in 2023, up 20% from CZK 4 billion ($170 million) in 2022. According to the numbers reported last year, EBITDA reached nearly $100 million, reflecting strong financial performance.
The firm also reportedly paid 80% more to its prop traders in the first seven months of 2024 compared with the same period in the previous year. FTMO now serves a growing community of traders, with more than 2.3 million open trading accounts registered in 2024, a 33% increase year-over-year.
Re-Entry into Key Markets Boosts Trading
FTMO expansion into the US market also seems to be paying off. It recently relaunched its proprietary trading services in the region, offering access via the MetaTrader 5 platform. The5ers, another major prop trading firm, also resumed operations in the US, but its services run on cTrader.
Read more: Prop Trading on MetaTrader 5 Is Back in the US
FTMO now stands out as the only prop firm currently offering MT5 to US traders. Both FTMO and The5ers had suspended services to US-based clients in early 2024. Notably, The5ers previously generated 15 to 20 percent of its traffic from the US and expects the country to become one of its top two markets following the relaunch.
Other prop firms have similarly resumed US operations after earlier suspensions. FundedNext, Funding Pips, Bespoke Funding Program, Blue Guardian, and MyFundedFX (now Seacrest Funded) are among those returning.
