FTMO Group has agreed to acquire OANDA Global Corporation from CVC Asia Fund IV, pending regulatory approval. Financial details were not disclosed.
Founded in 1996, OANDA is a leading multi-asset trading platform operating in major financial hubs like New York, London, and Tokyo. Under CVC’s ownership since 2018, OANDA expanded its offerings, launched a mobile platform, and established a back-end office in Poland.
Learn how to trade popular assets with the Top trusted broker OANDA
FTMO, known for its trader education services, will keep OANDA as a standalone business. FTMO’s leadership welcomed OANDA’s management, citing their expertise in regulated markets and risk management.
Meanwhile, OANDA recently updated its prop trading program, increasing profit-sharing for successful traders to 80%. FTMO also made key hires, including Riana Chaili as COO and Michael Kamerman as CEO, signaling plans to expand into brokerage services.
