FTMO Welcomes Riana Chaili as COO of Brokerage Division
FTMO, a leading prop trading firm, has appointed Riana Chaili as the Chief Operating Officer of its brokerage division. Earlier this year, FTMO hired Michael Kamerman, an experienced executive in the forex and CFDs sector, as CEO of the brokerage division.
About Riana Chaili
Chaili is known for her expertise in forex and CFDs. She has joined FTMO to oversee the operational aspects of the new brokerage division. Before that, she held key roles as CEO EMEA and Managing Director at 26 Degrees. There, she led operations in the Cyprus office and managed international activities. She also worked as a Chief Dealer and Head of RTO at IC Markets. There, she contributed significantly to trade execution and operational efficiency over three years.
Effects on Users
The appointment will likely have these effects on users:
Access to Brokerage Services
FTMO’s expansion into brokerage means users will soon have direct access to a platform for forex and CFDs trading. This move diversifies its offerings beyond proprietary trading.
Enhanced Operational Expertise
With Riana Chaili as COO and Michael Kamerman as CEO, users can expect well-structured operations and a focus on delivering a seamless trading experience. Their combined expertise in forex and CFDs ensures a high standard of service.
Potential for Competitive Pricing
FTMO may offer competitive spreads and fees to attract traders. It might benefit its user base with cost-effective trading options.
Extended Opportunities for Traders
FTMO’s move into brokerage lets traders utilize their skills in a different environment while continuing to benefit from FTMO’s credibility and reputation.
Future Integration with Prop Trading
This move might also lead to an integrated ecosystem. There, users can switch seamlessly between FTMO’s prop trading and brokerage services.
About FTMO
FTMO is a proprietary trading firm. It provides an opportunity to trade using the firm’s capital in exchange for a share of the profits. FTMO evaluates traders through a two-step process consisting of the FTMO Challenge and the Verification phase. Successful traders get to funded accounts. There, they can trade with capital from $10,000 to $200,000. They maintain profit splits of 80% to 90% depending on performance.
Summing Up
The appointments of Kamerman and Chaili signal FTMO’s intent to build a strong foundation for its brokerage operations. FTMO is ready to leverage its expertise and resources in the brokerage industry.
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