FTMO’s Purchase of OANDA Reportedly Cost About $422 Million

FTMO’s acquisition of OANDA closed on December 1, 2025, and the companies’ own announcement said the value of the deal would not be disclosed. Finance Magnates now reports that the 2025 annual financials of FTMO’s parent company show it paid more than CZK 8.79 billion for OANDA, about 422 million dollars at the exchange rate when it reported. Neither FTMO nor OANDA has announced a price itself.

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, an ownership change of this size 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.

How FTMO's challenge, rules, fees and payouts work is covered in our FTMO review, and prop firm rules compared puts it side by side with other firms.