FDCT: The Global Trading Platform Robinhood Could Have Been

FDCTech (OTC: $FDCT) is building what could become the next generation of investing platforms. While Robinhood (NASDAQ: $HOOD) revolutionized finance through commission-free trades and an intuitive mobile interface, it also exposed critical weaknesses: reliance on third-party infrastructure, limited product range, and geographic constraints to the United States that created vulnerabilities during periods of high market volatility.

FDCT appears to be taking Robinhood's blueprint and addressing these flaws. The company primarily operates through two segments: Alchemy, its international brokerage platform, and Condor, its proprietary trading technology. Unlike Robinhood's outsourced approach, FDCT owns and controls its entire technology stack, creating a more resilient foundation, and the results show this strategy is gaining traction.

In Q1, FDCT reported total revenue of over $10 million, up more than 58% y/y, while gross profit more than doubled to over $5 million, indicating efficient scaling while maintaining profitability. At the same time, the company’s market cap remains around $19 million, which translates to approximately 1.7 to 1.9x projected 2025 revenue based on its current trajectory. That valuation contrasts sharply with traditional brokers and fintech firms, many of which command revenue multiples of 5-15x.

Alchemy serves as the customer-facing arm of FDCT's operations, functioning as a regulated online brokerage offering comprehensive trading products. The platform provides access to forex, equities, commodities, indices, CFDs, and cryptocurrencies through a single interface. This multi-asset approach contrasts sharply with Robinhood's initial focus on U.S. stocks alone. In Q1, the Investment and Brokerage division contributed $7.76 million in revenue, up 69% y/y, driven by acquisition integration and surging European client activity.

The geographic reach of Alchemy represents another significant advantage over Robinhood's U.S.-centric model. The platform operates under regulatory licenses in Malta and Seychelles, with a new entity in Mauritius, enabling it to serve clients across Europe, the Middle East, and Africa. During Q1, Alchemy onboarded thousands of new clients through acquisitions, including over 2,600 clients from NextMarkets, a European broker. The company has established offices in Cyprus, Malta, and the UK to further support its international expansion.

Behind FDCT's user-friendly interface is Condor, FDCT's proprietary trading platform that manages liquidity, order routing, trade execution, compliance, and settlement in-house, eliminating the vendor dependencies that caused issues for competitors like Robinhood. By owning its entire technology stack, FDCT controls scalability and reliability without external capacity constraints, while also generating secondary revenue by licensing Condor to other financial institutions.

FDCT's growth trajectory and recent improvements have positioned the company for a significant milestone: uplisting from the OTC to the big boards. In May, the company

signed E.F. Hutton & Co. as its financial advisor to assist with capital raising and preparing to uplist. The upcoming Q2 results will provide another data point on FDCT's growth trajectory, while the closing of the Alchemy Global acquisition will further expand the company's reach and asset base, creating near-term catalysts that, combined with progress toward uplisting, could serve as major inflection points for the company.

FDCT represents what Robinhood might have been if it had built its own infrastructure from the ground up and pursued global expansion from day one. The company has assembled the key components: a profitable brokerage operation, proprietary technology, substantial cash reserves, and strategic expansion plans across underserved markets. While still in its early stages compared to Robinhood at its peak, FDCT's vertical integration and international positioning make a compelling case for this under-the-radar FinTech to emerge as the next major player in global brokerage.

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