FTMOs acquisition of OANDA Prop Trader

In early 2025, FTMO — the Czech-based leader in modern proprietary (prop) trading — agreed to acquire OANDA Global Corporation from private equity firm CVC Asia Fund IV. The deal was finalized on December 1, 2025, after securing necessary regulatory approvals. This marked a significant milestone, as FTMO, renowned for its evaluation challenges and funded trader programs, expanded into traditional brokerage services by bringing OANDA under its umbrella.The acquisition was positioned as a step toward building a "global trading powerhouse," combining FTMO's innovative prop trading model with OANDA's established infrastructure in forex, CFDs, equities, commodities, and crypto trading. OANDA, with nearly three decades of history, was intended to operate as a standalone business post-acquisition, allowing FTMO to broaden its ecosystem for traders worldwide.The Prop Trading Transition PhaseFast forward to early March 2026, and the focus has shifted specifically to OANDA Prop Trader — OANDA's proprietary trading offering. As part of the broader integration strategy, OANDA has begun transitioning its prop trading operations entirely to FTMO, described as "the undisputed global leader in the modern prop trading space."Key details from OANDA's recent communication to partners include:

• All current OANDA Prop Trader client accounts will be terminated.
• Active clients are being offered exclusive migration incentives to switch to FTMO's platform, with details sent directly to their registered emails.
• The migration process kicked off around March 2, 2026, with OANDA supporting clients through the transition.

This move allows OANDA to refocus on its core brokerage services while leveraging FTMO's specialized prop trading environment, which includes refined evaluation processes (such as 1-Step and 2-Step challenges), educational resources, and funded rewards accounts.For partners and affiliates promoting OANDA Prop Trader, the instructions are clear and time-sensitive:

• Remove all related promotional assets (social media posts, email campaigns, website banners) by March 6, 2026.
• Expect follow-up communications regarding final commission payments and the formal end of the OANDA Prop Trader partnership.

OANDA has extended invitations to partners to continue collaborating as Introducing Brokers (IBs) for OANDA Global Markets or to explore direct opportunities with FTMO's Affiliate Programme.What This Means for Traders and the IndustryThis transition reflects a strategic realignment in a competitive landscape. FTMO gains a direct pathway to absorb OANDA's prop trading user base, potentially accelerating growth in funded accounts and trader education. Traders previously on OANDA Prop Trader now have an opportunity to migrate to FTMO's ecosystem, which many view as more mature and trader-focused in the prop space.For the broader industry, it highlights consolidation trends: prop firms expanding through acquisitions to combine evaluation models with brokerage capabilities. It also underscores the challenges of maintaining separate prop offerings under a unified group structure.As the transition unfolds in the coming weeks, affected traders should monitor their emails for migration details, and partners should prioritize compliance with the asset removal deadline. This chapter closes one era for OANDA Prop Trader but opens new possibilities under FTMO's leadership.Stay tuned for updates as more details emerge from both companies. The full original press release on the acquisition can be found on OANDA's media center.