Prop firm FTMO paid about $422 million to buy the retail broker OANDA, according to financial filings from its parent company reported on September 8. The figure confirms the price of a deal that closed on December 1, 2025, and it shows how far the challenge-based prop model has moved into live brokerage.
The filings put the price at 8.79 billion Czech koruna. That is a big jump from what OANDA last sold for. Private equity group CVC bought the broker in 2018 for $160 million. FTMO paid more than double that seven years later.
A prop firm with broker-sized numbers
FTMO’s parent, listed in the filings as OHM, reported consolidated revenue of 8.9 billion koruna for 2025, or roughly $427 million. That was up 30% on the year before. Consolidated assets reached about 30.7 billion koruna, near $1.47 billion. Equity sat close to 13 billion koruna, or about $625 million.
The wider group is growing fast. Paid orders rose almost 50% to 1.27 million for the year. Returning clients now make up close to 80% of total revenue. For context, FTMO reported $213 million in turnover for 2023. The 2025 numbers are on a different scale.
Why buy a regulated broker
Most prop firms sell simulated challenges. Traders pass a test, get a funded account, and split profits. OANDA works differently. It is a licensed broker with real client money and long-standing regulatory permissions in several markets. Owning it gives FTMO a way to offer live trading next to its challenge products.
The deal also redraws FTMO’s map. The United States is now its second-largest market, behind the United Kingdom. The company says it is the only prop firm offering the MetaTrader 5 platform in the US. That access matters after the 2024 changes that pushed many prop firms off MetaTrader in the region.
To fund the move, FTMO secured a $250 million credit line in November 2025 from a Czech bank syndicate led by UniCredit. The company is run by chief executive Otakar Suffner and chief technology officer Marek Vasicek.
What it signals for the sector
The purchase points to a wider trend. Top prop firms want to own the full trading stack, not just sell challenges. Other operators have opened up their books too. Alpha Capital Group, for one, reported multi-million revenue growth last year. Buying a regulated broker takes that a step further. It ties a prop brand to a business that answers to financial regulators.
The figures come from FTMO’s annual financial filings, first detailed by Finance Magnates. Read the original report here.
