OANDA acquired by Czech prop firm FTMO

Private equity firm CVC Capital Partners, via its CVC Asia Fund IV, has announced that it has entered into an agreement for the sale of Retail FX and CFDs broker OANDA Global Corporation to prop trading firm FTMO Group.
We had reported in mid 2024 that CVC was putting OANDA up for sale, and had engaged investment bankers to find a buyer and help negotiate a sale of the company.

CVC acquired OANDA in 2018, at a reported value of $175 million.
Headquartered in the Czech Republic, FTMO is a retail prop trading firm – or more formally a provider of educational and training services, offering its customers an opportunity to test and develop their trading and risk management skills.
FTMO said it plans to maintain the OANDA group as a fully standalone business after completing the transaction

full story:
https://fxnewsgroup.com/forex-news/reta ... firm-ftmo/

navid110 wrote: Tue Feb 04, 2025 9:49 am OANDA acquired by Czech prop firm FTMO

Oanda are a good broker and hoping they stay that way after being bought.

navid110 wrote: Tue Feb 04, 2025 9:49 am OANDA acquired by Czech prop firm FTMO

Oanda getting passed around........... oh dear

ChuChu Rocket wrote: Tue Feb 04, 2025 3:42 pm Oanda are a good broker and hoping they stay that way after being bought.

Its the second time. The first time was 2018 when OANDA been put up for sale.
I wonder why a well known broker should be up for sale repeatedly

navid110 wrote: Wed Feb 05, 2025 9:33 am Its the second time. The first time was 2018 when OANDA been put up for sale.
I wonder why a well known broker should be up for sale repeatedly

Doesn't look good to me.

ChuChu Rocket wrote: Wed Feb 05, 2025 10:50 pm Doesn't look good to me.

Why not?

doolfrews wrote: Wed Feb 05, 2025 11:24 pm Why not?

Messy brand identity from getting sold off multiple times means something's not good not to mention loss of morale within the company can equal shit client service and changes with the products offered!

ChuChu Rocket wrote: Thu Feb 06, 2025 12:10 am Messy brand identity from getting sold off multiple times means something's not good not to mention loss of morale within the company can equal shit client service and changes with the products offered!

Look at it from the bright side, it just proves that FTMO is not just some regular prop firm, its the best one and you don't have to be afraid about your payouts and about their future. As for Oanda.. who cares, there are hundreds of brokers out there.

doolfrews wrote: Thu Feb 06, 2025 12:25 am As for Oanda.. who cares, there are hundreds of brokers out there.

Hahaha well said. I guess Oanda is important to Americans because they have MT4 for US residents. But then again, so do all these guys.