FTMO, the renowned prop trading firm, has announced a partnership with AlgoBuilderX, an algorithm-building tool designed for the cTrader platform. This collaboration aims to provide traders with enhanced options for automated trading and strategy development.
AlgoBuilderX and FTMO Collaboration
AlgoBuilderX, an advanced web-based tool that enables the creation and backtesting of algorithmic trading strategies, has become the first platform of its kind to partner with a major prop firm like FTMO. As part of this partnership, FTMO clients will enjoy a 25% discount on AlgoBuilderX’s services, helping them create and refine their trading algorithms.
Empowering Traders with Automated Solutions
AlgoBuilderX allows traders to develop “cBots,” automated trading strategies that run on cTrader servers. With a visual interface, users can easily build their strategies by defining rules for entry, exit, risk management, and more. The platform also supports backtesting, enabling traders to evaluate their strategies using historical market data and refine them for optimal performance.
A Growing Partnership
Founded by Matteo D’Elia and Alessandro Dei Negri, AlgoBuilderX launched earlier this year and has quickly gained traction. “We are thrilled to partner with a global leader like FTMO,” D’Elia stated, emphasizing the potential of this collaboration to push the boundaries of automated trading.
FTMO’s Evolution and Expansion
FTMO has been experiencing significant growth. In 2023, the firm generated over $213 million in revenue and continues to expand its offerings. FTMO is also in the process of becoming a full-fledged broker, appointing industry veteran Michael Kamerman to lead its brokerage division.
The company has strengthened its leadership team with Radek Dyntar as CFO and Eva Svobodová as Chief Legal Officer, positioning FTMO for continued innovation in the prop trading and brokerage sectors.
This partnership with AlgoBuilderX signals FTMO’s commitment to providing cutting-edge tools to its traders, helping them succeed in the ever-evolving world of online trading.
Related: FTMO Reports Record $213 Million Turnover for 2023
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