Riana Chaili Joins FTMO As Chief Operating Officer Of the Brokerage Division

Riana Chaili has confirmed her appointment as Chief Operating Officer at FTMO’s brokerage division. She is the second major hire by the Czech proprietary trading firm, following Michael Kamerman’s appointment as the Chief Executive Officer of the new division earlier this year. Both Chaili and Kamerman have deep experience in the forex and contracts for differences (CFDs) sectors.

Chaili most recently served as the EMEA Chief Executive Officer at 26 Degrees, based in Cyprus. She left the company earlier this year after nearly four years, a departure that aligned with the exit of Lochlan White, who later joined one of 26 Degrees’ competitors.

FTMO Expands Focus With New Brokerage Division Plans

Reports suggest that 26 Degrees is considering surrendering its Cyprus license. However, the company confirmed that it will maintain its Limassol office to support its international operations.

Before her time at 26 Degrees, Chaili worked for over three years at IC Markets, first as Chief Dealer and later as Head of RTO.

Earlier in her career, she spent more than five years at TechFinancials, where she held roles such as Head of Brokerage and Dealer. Her diverse experience in the industry is expected to be a key asset as she takes on her new role at FTMO.

FTMO, which is well-known for its success in proprietary trading, has not yet disclosed specific details about its new brokerage division. The company has not revealed the jurisdiction where it plans to seek a license for the division either.

Despite the lack of details, it is clear that FTMO is making significant strides toward launching its brokerage services, which have been identified as part of the company’s long-term strategy.

FTMO’s expansion into brokerage is part of a broader strategy to diversify its offerings. While the company grows its brokerage division, it continues to dominate in proprietary trading.

The firm reported a turnover of over $213 million in 2023, reflecting a 20 percent increase in revenue compared to the previous year.

FTMO Introduces Opportunities For Traders With Innovative Evaluation Process

The company’s recent hires, including Chaili and Kamerman, indicate that FTMO is serious about its new venture. These two appointments signal the company’s readiness to launch its brokerage services and strengthen its presence in the financial markets beyond proprietary trading.

The moves suggest that FTMO is positioning itself for long-term growth and success in both the prop trading and brokerage sectors.

FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents.

Upon completing the Evaluation Process, traders can improve their trading skills on an FTMO Account in a demo environment. As FTMO Traders, they receive a balance of up to $200,000 in fictitious funds.

Despite trading on a demo account, FTMO Traders can be rewarded for their performance with up to 90% of the simulated profits they generate, without any risk of losing their capital.