FTMO czech business phenomenon descends into the Deloitte Fast 50 after a hat-trick of growth

24. 11. 2023 | Natalie Bezděková

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

Natalie Bezděková

I am a student of Master's degree in Political Science. I am interested in marketing, especially copywriting and social media. I also focus on political and social events at home and abroad and technological innovations. My free time is filled with sports, reading and a passion for travel.


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