FTMO czech business phenomenon descends into the Deloitte Fast 50 after a hat-trick of growth
The Czech company FTMO has achieved extraordinary success, becoming the fastest growing company in Central and Eastern Europe three times in a row. Their trading platform for amateur stock traders has received international recognition, with more than a million clients having already tried this innovative approach.
Key to their success is an educational course on financial markets, followed by the opportunity to trade on the firm’s demo account to start earning. The company has achieved significant financial success, with EBITDA of CZK 1.8 billion last year and revenues in excess of CZK 4 billion. This year it is headed even higher by half a billion, without the need for investment from outside investors.
According to Otakar Šuffner, the founder of FTMO, an industry has emerged that did not exist before, and now the company has hundreds of competitors around the world that are copying FTMO. In the world of trading, successful clients are rewarded, and the story from Africa shows how trading can positively impact the lives of individuals. Otakar Shuffner hopes the company will surpass last year’s sales and is around four or five billion crowns.
FTMO mainly trades currency pairs, US indices and gold. The question of the role of artificial intelligence in the world of trading is causing controversy. While artificial intelligence can help analyse companies and provide quick access to information, Otakar Šuffner believes that artificial intelligence does not have the potential to support specific trading decisions in this sector.
Photo source: www.pexels.com
Author of this article
WAS THIS ARTICLE HELPFUL?
Support us to keep up the good work and to provide you even better content. Your donations will be used to help students get access to quality content for free and pay our contributors’ salaries, who work hard to create this website content! Thank you for all your support!