The parent company of FTMO, which holds its prop business
along with real estate units, closed 2024 with a revenue of CZK 6.84 billion
(about USD 329 million based on the mid-market rate of 14 November 2025), which
was 53 per cent higher than the previous year. The holding company netted CZK
1.3 billion (around USD 62.5 million).
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In comparison, the prop business of FTMO
generated almost CZK 5 billion (over USD 213 million at that time) in turnover
in 2023, FinancneMagnates.com earlier reported, with an EBITDA of approximately USD 100 million.
An Asset Heavy Company
Although FTMO’s core business is prop trading, its two
founders, Otakar Šuffner and Marek Vašíček, who own the company equally, soon
made investments in real estate, now owning hotels, residential buildings and
offices.
The Prague-based holding company, OMHC, now shows that at
the end of 2024, it held CZK 15 billion (about USD 721 million in today’s
exchange rate) in total assets, which includes CZK 9.8 billion (around USD 470
million) in fixed assets. The accounting value of its building assets, based on
acquisition costs, stood at CZK 1 billion (approximately USD 48 million).
The consolidated figure also shows that the holding company,
through its subsidiaries, held CZK 4.4 billion (almost USD 211 million) in cash
at 2024 end, compared to CZK 3.4 billion (about USD 163 million today) in the
previous year.
Beyond Prop Trading
FTMO’s expansion drive continued as the broker opened up a
brokerage unit last year and then, in January this year, entered
into a deal to acquire OANDA, a popular brand in the forex and contracts
for differences (CFDs) brokerage industry. However, that deal is expected to be
closed by the end of 2025.
Although the financial terms of the OANDA acquisition remain
unknown, OMHC’s latest financial filing revealed that it secured a $250 million
line of credit from a syndicate of Czech banks led by UniCredit last November
for the deal.
Meanwhile, the prop platform has recently partnered with
OANDA, outside the scope of its acquisition agreement, to re-enter the United
States with its services. It has now become the only prop
trading platform to offer MetaTrader 5 access in the country, which is
likely due to the licensed presence of OANDA there.
In September this year, Šuffner posted on socials that his
firm paid out USD 450 million to prop traders over 10 years of its operations.
The consolidated figure of OHMC for 2024 shows that the
service of the holding company, which includes operations of the trading
platform, payments to clients (payouts), and marketing services, jumped to CZK
4.11 billion (about USD 197 million) in 2024 versus CZK 2.08 billion (around
USD 100 million today) in 2023.
This article was written by Arnab Shome at www.financemagnates.com.
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