FTMO’s Purchase of OANDA Finally Has a Price Tag: $422 Million

FTMO’s acquisition of OANDA closed on December 1, 2025, but neither side disclosed what the deal was worth at the time. That changed this week, when FTMO’s parent company published its 2025 annual financials and put a number on the transaction: 422 million dollars.

The deal pairs one of the largest names in proprietary trading with a legacy retail and institutional CFD broker that has operated for close to three decades. OANDA was previously owned by private equity firm CVC, and the sale marks CVC’s exit from a business it had held for several years.

Why a prop firm wanted a broker

Prop-trading firms like FTMO make money by evaluating traders and allocating simulated or funded capital to the ones who pass, a model built almost entirely on software and risk management rather than the licensing and liquidity infrastructure a broker needs. Buying OANDA gives FTMO exactly that infrastructure in one move: regulatory licences across multiple jurisdictions, an established brokerage brand, and direct market access that would otherwise take years to build from nothing.

It also fits a broader trend this year of prop firms and brokers moving toward each other rather than staying in separate lanes. As funded-account trading has grown into a serious source of revenue across the industry, several firms on both sides have concluded that owning the full stack, from evaluation to execution to regulated broker, beats depending on partnerships that can be renegotiated or pulled.

Trader’s takeaway: if you trade with OANDA, no changes to platforms, fees or accounts have been announced. That said, a 422 million dollar ownership change is exactly the kind of event that tends to be followed by changes further down the line, so it is worth checking OANDA’s own announcements every few months rather than assuming nothing will move.

Further reading: OANDA’s own press release on the completed acquisition and Finance Magnates’ report on the disclosed price.