The best instant funding prop firms are smashing it for a simple reason – traders want instant funding, and they want it now.
FTMO
FTMO accounts from 2023 show how impactful lower operational costs are on a prop firm’s bottom line.
FTMO probably bought OANDA on the cheap. But will the deal work out for the firm or will it struggle to grow revenues?
OANDA owner CVC Capital has been looking to sell for some time now. FTMO say the broker will continue to operate as a separate business.
FTMO has been slowly attempting to expand into the brokerage sector, with ex-FXCM and Skilling executive Michael Kamerman.
The funded trader firm has big growth plans and is in the process of setting up a CFD brokerage business. FTMO also seems to have operations in Cyprus.
FTMO and the Funding Pips both appear to be getting brokerage licences. Alpha Capital already has one. We look at why funded trader firms are doing this.
FTMO has big plans to expand into the retail broker space. Kamerman was previously CEO of Skilling and spent over 15 years at FXCM.
We interview FTMO CEO Ottaker Suffner about the company’s expansion plans, the US exit, and start up life.