There was some interesting symmetry in the 2025 financial statements disclosed by Prague based prop trading firm FTMO, indicating that the company’s 2025 Revenues almost exactly matched what the company paid to acquire CFDs broker OANDA.

FMTO’s purchase of OANDA, which was first announced in February 2025 and closed in December 2025, was completed for 8.79 billion CZK, or USD $421.9 million at today’s exchange rates. OANDA’s previous owners, CVC Capital Partners, acquired OANDA in 2018 for approximately $175 million. Ignoring any dividends that CVC might have taken out over time from OANDA, that works out to about a 12.5% annual rate of return (IRR) for CVC on its OANDA purchase.

And in somewhat of a coincidence, FTMO said it achieved year-on-year Revenue growth of 31% to CZK 8.8 billion ($422.4 million) in 2025, driven by an increase in paid orders in its core prop trading business of almost 50% to 1.27 million, and a 39% increase in new registrations to 1.40 million. FTMO’s services are now available in 20 languages in over 140 countries.

FTMO said that the loyalty of its client base remains a strong feature of its business. Returning customers account for almost 80% of total turnover, ensuring a stable revenue base, and the average customer order value increases with each subsequent order.

The strength of FTMO’s business is also evident from its balance sheet. Total assets as of December 31, 2025 increased from CZK 3.5 billion to CZK 7 billion ($336 million).

Largest markets

In partnership with OANDA, the United States has become FTMO’s second largest market after the United Kingdom.

On the other hand, it should be noted that in 2025 FTMO results were negatively affected by what the company termed unpredictable economic and geopolitical developments, which caused a decrease in margins and a decrease in EBITDA to CZK 1.19 billion ($75 million).

The prop industry

TMO said that the modern proprietary trading industry continued its strong expansion in 2025. Demand for evaluation products based on prop trading platforms grew worldwide, reflecting the increasing appeal of disciplined and structured approaches to financial markets.

2025 was also arguably the most challenging year for modern prop trading in recent years. A chaotic and unpredictable political situation, supported by US tariff shocks and global demand for safe assets, pressured margins across the industry. This experience will help FTMO better manage the volatility inherent in modern prop trading. FTMO’s 4.8 out of 5 star rating on Trustpilot, based on over 48,000 reviews, is one of the highest in the industry and reflects the trust that our responsible approach to doing business continues to garner.

OANDA acquisition

In December 2025, OMHC as, the parent holding of FTMO, completed the acquisition of global broker OANDA, one of the world’s leading online groups for trading in various asset classes. OANDA holds licenses in eight leading global jurisdictions, including the USA, Great Britain, EU, Japan and Singapore. The acquisition of OANDA is also one of the steps towards fulfilling the long-term vision that FTMO is gradually building.

The goal is to create a global trading powerhouse, which combines the aggressiveness and innovation of FTMO, and the regulated certainty and history of OANDA. The acquisition of OANDA was partially financed by a term loan provided by a club of banks led by UniCredit Bank Czech Republic and Slovakia.