FTMO Yet to Close OANDA Deal, but the Two Team Up for US Prop Trading Relaunch

FTMO has announced its return to the U.S. market. The company will collaborate with OANDA, a U.S.-regulated broker. The partnership allows U.S. residents to access FTMO’s educational tools and simulated trading platforms.

FTMO Expansion Separate from OANDA Acquisition

Participants can earn rewards by trading with simulated capital through the FTMO Rewards Account. The partnership is separate from FTMO Group’s pending acquisition of OANDA Global Corporation via CVC Asia Fund IV. That deal remains subject to regulatory approval.

The FTMO Group provides educational and training services globally. Since 2015, it has allowed over four million users to test and improve trading skills and risk management without using real money.

FTMO Resumes U.S. Access With OANDA

OANDA, founded in 1996, is a global multi-asset trading broker. It offers trading across asset classes, currency market data, and analytical tools. The firm has regulated entities and teams in key financial centers, including New York, Toronto, London, Warsaw, Singapore, Tokyo, and Sydney.

You may find it interesting at FinanceMagnates.com: FTMO Was Cash Rich Before OANDA Deal: Ended 2023 with $82 Million in Hand.

FTMO previously suspended services to U.S. clients due to regulatory and operational challenges. Its return offers U.S. users access to its platform. All FTMO offerings remain educational and simulated, with no real capital trading or financial transactions involved.

Red Bulls Extend Partnership With OANDA

Meanwhile, the New York Red Bulls have extended their partnership with OANDA, the club’s Official Forex Trading Partner since 2022. Under the agreement, OANDA’s logo will remain on first-team apparel, including jerseys and jackets.

The company will provide content for supporters, present club programs such as Transactions and Starting XI, and display branding at Sports Illustrated Stadium. OANDA will also offer clients exclusive hospitality access at Red Bulls and Red Bull events, continuing its role in supporting fan engagement and club activities.

Prop Firm FTMO Posts Revenue Growth

FTMO did not disclose the financial details of its acquisition of OANDA. FinanceMagnates.com previously reported that CVC acquired OANDA in 2018 at an estimated valuation of $162.5 million.

In 2023, FTMO generated nearly $213 million in revenue, a 20 per cent increase from the previous year. EBITDA for the year reached around $100 million. The company’s 2023 annual report shows a pre-tax profit of $98 million, up over 31 per cent from $74.5 million in 2022. After taxes, net profit was $79.3 million.