FTMO, a globally renowned prop trading firm, has officially expanded its operations into the Indian market. The important announcement was shared by the company on social media platform X (formerly Twitter) today, Thursday. This marks a strategic move for FTMO to reach and fund the growing community of talented traders in the South Asian region. The move underscores FTMO’s commitment to globalizing professional trading opportunities.
Interest in prop trading is booming among Indian youth
Major prop trading companies like FundingPips, The5ers, FundedNext and Maven are seeing significant growth thanks to the Indian market. Data shows that organic web traffic from India accounts for 40% of the total traffic of the top 50 Prop Trading companies. This surge is particularly concentrated in the 18-30 age group, demonstrating the growing interest of young Indians in earning and skilling opportunities through prop trading from 2023.
To penetrate the Indian market, Prop Trading companies are investing heavily in educational content marketing and low-cost-to-join assessment programs. This is a tactic to overcome regulatory hurdles. Advertisers are careful to avoid directly mentioning “CFDs” due to current regulatory restrictions, focusing on imparting knowledge and career opportunities. However, oversight and uncertainty from agencies like SEBI and RBI remain the biggest challenges, forcing marketing and operations to remain agile.
FTMO expands its reach to Indian traders
FTMO expands its reach to Indian traders
The announcement of FTMO’s official presence in India is a complete reversal of what the company has previously shared. About two months ago, FTMO posted a Reddit post with a map that clearly showed that it does not serve Indian customers. This latest move represents a drastic change in FTMO’s business strategy.
FTMO has provided a detailed explanation of its service map. The company states: “The map provided depicts the service availability, with eligible countries marked in blue.” They emphasize that the map is “subject to internal business decisions and changes to comply with evolving legal and regulatory standards.”
Prop Firm Match used social media channels to confirm the news of FTMO expanding into India, announcing it directly to traders. The company stressed that the move gives FTMO access to one of the largest retail trading markets in the world. This expansion is driven by huge demand from India’s youth, which will help FTMO tap into a large talent pool and provide professional opportunities to millions of potential traders.
Prop Firm Match used social media channels to confirm the news of FTMO expanding into India
“FTMO_com is now available in India for traders.” The post highlighted the strategic importance of the move. The expansion is expected to “open up access to one of the world’s largest retail trading markets,” especially as “demand for proprietary trading continues to grow” in the country.
FTMO overview
FTMO is a modern, globally reputable Prop Trading company, founded in the Czech Republic in 2015. The company was born with the mission of finding, evaluating and funding talented traders around the world. Unlike traditional investment fund models, FTMO provides a transparent and rigorous evaluation process to identify individuals with stable trading skills, good risk management and discipline.
FTMO offers an extremely attractive profit sharing ratio, starting at 80% of the trader’s profits, and can be increased to 90% through the Scaling Plan if the trader consistently maintains good performance. This is a great incentive for traders as they do not need to risk their personal capital and can still earn a significant income.
FTMO offers great flexibility by supporting many popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and DXtrade. Traders can trade a wide range of financial instruments via CFDs (Contracts for Difference), including Forex (Foreign Exchange), Commodities, Indices and Cryptocurrencies.
In addition, the company also focuses on education through the FTMO Academy, which provides comprehensive resources to help traders improve their knowledge and skills.
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