FTMO, the Czech-based prop trading firm famous for its trading challenges and educational programs, is now back in the US after striking a new partnership with OANDA, a US-regulated broker.
This collaboration will allow US residents to tap into FTMO’s trading tools, including its simulated trading environment and the FTMO Rewards Account, which gives incentives based on trading performance. The services remain purely educational and no real-money trading is involved.
FTMO also made clear that this partnership with OANDA is separate from OANDA’s pending acquisition by CVC-backed OANDA Global Corporation, which is still under regulatory review.
FTMO was founded in 2015 and has grown rapidly, attracting an excess of four million users worldwide. It has risen to become one of the leading providers of trader development programs. Until now, clients in the US were restricted due hurdles related to regulation, making this relaunch a major milestone for the company’s expansion.
FTMO has seen themselves on a strong trajectory in financial terms. In 2023, their revenues hit $213 million, which were up 20% from the previous year. EBITDA stood at around $100 million. Pre-tax profits also climbed up to $98 million, while net profits reached $79.3 million, both gaining from 2022 levels.
As for OANDA, the broker has stood in the market as a global player since 1996, operating across a broad range of major financial hubs like New York, London, Singapore, Tokyo and even Toronto.
Together, FTMO and OANDA’s partnership signals an exciting step forward, mixing both trading education with the credibility of a long-established broker in the American market.
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By
Staff Writer
