FTMO Appoints Michael Kamerman as Brokerage CEO

FTMO Group appoints Michael Kamerman as the CEO of its newly established brokerage division. The exclusive information obtained by Finance Magnates reveals that this move is a strategic step in FTMO’s long-term plan to expand into the retail brokerage space. The company’s co-founders, Otakar Suffner and Marek Vasicek, will continue in their roles as CEO and CTO of the FTMO Group, respectively.

Despite the significant announcement, the timeline for the launch of FTMO’s brokerage services remains undisclosed. Suffner emphasized that entering the retail brokerage market aligns with the company’s strategy to innovate and meet the evolving needs of traders. “If we want to stay at the top of the food chain, we have to innovate and listen to our clients,” Suffner stated, ensuring that the core prop trading product will still receive ample focus.

FTMO Group Appoints Michael Kamerman CEO of Brokerage Division

FTMO’s foray into retail brokerage necessitates acquiring appropriate regulatory permits, an ongoing endeavor. This strategic shift occurs amidst a burgeoning prop trading sector, witnessing entries from retail brokerage giants like OANDA, Axi, and Hantec Markets. Nonetheless, FTMO diverges by leveraging its robust prop trading roots to enter the retail brokerage arena.

Since its inception in 2015, FTMO has attracted over 1.5 million signups by offering demo trading accounts, a common practice in the prop trading industry. Given his extensive background in forex and contracts for differences (CFDs) brokerage, Kamerman’s appointment is seen as a pivotal addition to FTMO’s leadership.

Kamerman brings a wealth of experience from his previous role as CEO of Skilling. During his tenure at Skilling, he successfully raised €10 million to fuel business expansion and achieved record-breaking performance metrics by the end of 2023. Before Skilling, Kamerman spent 15 years at FXCM, now owned by Jefferies, rising from Sales Associate to Managing Director.

“Michael’s experience at industry pioneers like FXCM and high-growth challenger brands like Skilling makes him a perfect fit as we look to diversify our business and offer a service that our customer base is looking for,” Suffner added, expressing confidence in Kamerman’s ability to lead the new venture. As FTMO prepares to navigate the regulatory landscape and launch its brokerage services, the industry will watch closely to see how this bold move will unfold.

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