FTMO launches brokerage division led by Michael Kamerman

Rick Steves

“The needs of traders are changing all the time and FTMO has caught lightning in a bottle.”

The FTMO Group has announced the upcoming launch of its own brokerage division, which will be led by online trading industry veteran, Michael Kamerman.

Michael Kamerman joins FTMO from fast-growing Scandinavian CFD brokerage, Skilling, where he played the role of chief executive. He spent most of his career at FXCM, where he joined in 2005 and climbed the corporate ladder throughout 15 years, having started as Sales Associate and ended up as Managing Director during his three final years at the US-headquartered brokerage company.

During his three years at Skilling, Kamerman was able to raise more than $10 million in growth funding as it expanded its operation globally. 2023 was a record year for the company with all-time highs in new clients, active clients, trading volume, net revenue and EBIT performance. During Kamerman’s tenure, Skilling achieved notable milestones, such as launching the popular Metatrader 4 platform, obtaining regulatory licenses in Seychelles and authorization from the UK’s FCA. The broker also secured partnerships with Aston Villa football club and chess grandmaster Magnus Carlsen. Kamerman left the company in March 2024.

FTMO: From funded trading to traditional brokerage

FTMO, better known for its funded trading business (although usually advertised as “prop trading”) launched over 10 years ago, has decided to venture into the brokerage business amid a fast disruption in its original business segment, with regulators on the watch, MetaQuotes leaving firms stranded, and many brokerages launching their own funded trading programs.

Since launch, over 1.5 million people from all over the world have tried the platform. Focused on developing skills and knowledge for trading, FTMO provides people around the world with demo accounts linked to real market developments – with a value of up to USD 200K.

The upcoming brokerage division will significantly change FTMO. Kamerman’s remit at the company will be to usher the brand into a new era offering access to both modern prop trading and traditional brokerage services. The firm plans to allow its customers to be able to open a brokerage account with a brand they already know and trust. The co-founders of FTMO, Otakar Suffner and Marek Vasicek remain in their posts as CEO and CTO of the FTMO Group.

“The needs of traders are changing all the time and FTMO has caught lightning in a bottle”

Michael Kamerman, CEO of Brokerage at FTMO, said: “Like all things, online trading evolves. The needs of traders are changing all the time and FTMO has caught lightning in a bottle. Their business is one built on product and relentless customer focus. Their ongoing drive to innovate and launch trader-first solutions caught my eye years ago. It’s a privilege to join forces and help them embark on a new journey offering regulated trading services to customers around the globe.”

Otakar Suffner, CEO & co-founder of FTMO, added: “Michael’s experience at industry pioneers like FXCM and at 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. Other than that, our own brokerage division is part of our long-term strategy. If we want to stay at the top of the food chain, we have to innovate and listen to our clients. And as I know, we are building what we ourselves would appreciate when we were trading. It doesn’t mean that we are going to focus less on our core product. We still want to be here for everyone who wants to improve their own skills in trading,”

Read this next

Industry News

T+1 settlement goes live today in Canada, Mexico, Argentina

“Shortening the time between the trade date and settlement date reduces risk in the system, and the industry has worked hard to prepare for this important change.”

Industry News

DanFX’s Daniel Farook Ali sentenced to 7 years after extradition

The Court sentenced Mr Ali to seven years and three months imprisonment, with eligibility for parole from 5 July 2024.

Market News

Global Currency Market Dynamics Influenced by US Bond Market Volatility

The recent turbulence in the US bond market has benefited the USD.


Top 5 ICOs that are Likely to Explode in the Current Bull Run 2024

Explore top upcoming ICOs: BlockDAG, GBTC, TUK, SCOTTY, and SPONGE. Learn about their potential high returns and unique features.


BlockDAG’s Revolutionary Dev Release 36: Off-Chain PoW and a $30 Projection by 2030

Explore BlockDAG’s latest off-chain PoW innovation and its $32M presale success. Projected to reach $30 by 2030.


30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.


IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.


May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.


Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.