FTMO Acquires OANDA: What the Deal Means for the Prop Trading Industry

The proprietary trading industry entered a new phase when FTMO completed its acquisition of OANDA, one of the world's longest-established online trading groups.

The transaction was finalized on December 1, 2025, after FTMO obtained the required regulatory approvals. It brought together two companies with very different positions in the trading market: FTMO, a major name in modern proprietary trading, and OANDA, a global brokerage and financial technology company founded in 1996.

The acquisition is more than a change in ownership. It could signal a broader shift in the way proprietary trading, brokerage and trading technology are developing alongside each other.

FTMO Completes the Acquisition of OANDA

FTMO announced in December 2025 that it had completed the acquisition of OANDA Global Corporation from CVC Asia Fund IV, which had owned OANDA since 2018.

The deal had been announced earlier in the year and was subject to regulatory approval. According to FTMO, five regulators were involved in the approval process, which took approximately eight months. The financial terms of the transaction were not disclosed.

FTMO said that OANDA would remain a standalone business following the acquisition.

OANDA brings a long-established presence in global financial markets. Founded in 1996, the company provides multi-asset trading, currency data and analytics to retail and corporate clients and has regulated operations in several major financial markets.

For FTMO, the acquisition significantly expands the scope of its business.

Why OANDA Matters to FTMO

FTMO and OANDA have historically operated in different parts of the trading industry.

FTMO became known for its modern prop trading model, where traders can test their skills and risk-management abilities through structured evaluation programs.

OANDA, meanwhile, has operated primarily as a regulated broker and financial technology company, providing access to trading markets as well as currency data and analytical services.

That difference is precisely what makes the acquisition significant.

FTMO has stated that its long-term ambition is to build a global trading group covering modern prop trading, brokerage and related trading services. OANDA provides an established brokerage business, regulatory infrastructure and an international presence that can complement FTMO's existing operations.

Rather than simply expanding FTMO's existing prop-trading operation, the acquisition gives the group exposure to a much broader part of the trading ecosystem.

OANDA Prop Trader Moves Into the FTMO Group

One of the first major changes following the acquisition involved OANDA's own proprietary trading business.

In March 2026, FTMO and OANDA announced that the OANDA Prop Trader program would conclude on March 31, 2026. OANDA said it would refocus on its core brokerage operations, while the proprietary trading business would transition toward FTMO's specialized prop-trading platform.

The transition was presented as a strategic separation of the two businesses rather than the disappearance of OANDA's brokerage operations.

Active OANDA Prop Trader clients were offered the opportunity to transition to FTMO, while clients who did not transition were provided with refund options where applicable. The formal transition period ended on March 31, 2026.

This development illustrates how the acquisition is being structured: OANDA remains focused on brokerage, while FTMO concentrates on modern proprietary trading.

A Bigger Trading Ecosystem

The acquisition also changes the scale and structure of the FTMO Group.

FTMO is no longer positioned solely as a company operating within the rapidly growing retail prop-trading sector. With OANDA under its ownership, the group now has a presence in both proprietary trading and regulated brokerage.

FTMO also owns Quantlane, a traditional proprietary trading company, giving the group another connection to professional trading.

The resulting structure brings together three different areas of the industry:

• Modern retail proprietary trading through FTMO
• Regulated brokerage through OANDA
• Traditional proprietary trading through Quantlane

That combination is relatively unusual in an industry where most companies specialize in a single business model.

What Does the Acquisition Mean for the Prop Trading Industry?

The deal comes at a time when the proprietary trading industry is maturing.

Retail prop firms have expanded significantly in recent years, creating a large market around trading evaluations, simulated accounts, risk management and trader development.

At the same time, the industry has faced questions about business models, regulation, trading conditions and the relationship between simulated trading environments and traditional financial markets.

FTMO's acquisition of an established regulated broker therefore stands out.

It suggests that the boundaries between different areas of the trading industry may become less rigid. Prop firms may increasingly look toward brokerage, technology and financial infrastructure, while established financial companies may explore new ways of engaging with the rapidly growing retail trading audience.

The acquisition could also give FTMO access to experience in regulated markets that would be difficult to replicate organically.

FTMO and OANDA Will Remain Distinct Businesses

Despite the acquisition, FTMO has emphasized that OANDA will remain a standalone business.

That distinction is important for traders.

The acquisition does not mean that OANDA's brokerage operations have simply been converted into FTMO's prop-trading platform. Instead, the two businesses have clearly defined roles within the same broader ownership structure.

A March 2026 statement from OANDA also confirmed that FTMO and OANDA would continue operating as independent organizations, with their respective operations and teams otherwise remaining in place.

This allows OANDA to continue concentrating on its regulated brokerage business while FTMO develops its proprietary trading operations.

What Happens Next?

The full impact of the acquisition will probably become clearer over time.

FTMO has described the transaction as part of a long-term strategy to build a global trading group capable of serving traders across different stages and models of the market.

The immediate changes are already visible: OANDA continues its focus on brokerage, while OANDA Prop Trader has transitioned away from operating as a separate prop-trading program.

The bigger question is whether FTMO will eventually use the combined resources, technology and expertise of the group to create new products or connections between brokerage and proprietary trading.

For the broader industry, the acquisition could become an important example of consolidation and diversification in the trading sector.

FTMO's purchase of a global broker with a history dating back to 1996 is one of the more significant developments in proprietary trading in recent years. It reflects an industry that is becoming increasingly interconnected, with companies looking beyond a single trading model and toward broader financial ecosystems.

For traders, the most important development may not be the acquisition itself, but what FTMO chooses to build around it.

Frequently Asked Questions About the FTMO–OANDA Acquisition

When did FTMO acquire OANDA?

FTMO completed the acquisition of OANDA Global Corporation on December 1, 2025, after receiving the necessary regulatory approvals. The transaction had originally been announced earlier in 2025.

How much did FTMO pay for OANDA?

The financial terms of the acquisition were not publicly disclosed. Neither FTMO nor OANDA announced the purchase price.

Why did FTMO acquire OANDA?

FTMO said the acquisition is part of its long-term strategy to build a broader global trading group covering modern proprietary trading, brokerage and related trading services. OANDA brings an established brokerage business, regulatory experience and an international presence.

Is OANDA now owned by FTMO?

Yes. FTMO completed its acquisition of OANDA Global Corporation in December 2025. However, OANDA continues to operate as a standalone business within the broader FTMO Group.

What happened to OANDA Prop Trader?

OANDA Prop Trader formally concluded on March 31, 2026, following the acquisition. OANDA said it would refocus on its core brokerage business, while its proprietary trading clients were offered the opportunity to transition to FTMO.

Will OANDA and FTMO become the same company?

No. Although they share common ownership, FTMO and OANDA continue to operate as distinct businesses with different primary focuses. FTMO remains focused on modern proprietary trading, while OANDA continues to focus on brokerage and related financial services.

Does the acquisition change FTMO's prop trading business?

The acquisition itself does not mean that FTMO's core prop-trading model has been replaced. Instead, FTMO has stated that it remains focused on its modern proprietary trading business while OANDA continues its brokerage operations.

What does the FTMO–OANDA deal mean for traders?

The acquisition gives FTMO Group a broader presence across the trading industry, combining modern proprietary trading with an established global brokerage business. The long-term impact will depend on how the group develops and connects these businesses.

Could FTMO and OANDA launch new products together?

The acquisition creates the possibility for future products and services, but specific future offerings should not be assumed unless they are officially announced. FTMO has stated its broader ambition to build a trading group covering prop trading, brokerage and related services.

This article is intended for informational purposes and reflects publicly available information about the FTMO–OANDA transaction. It does not constitute financial or investment advice.