FTMO Parent Reports $329M Revenue, Secures $250M for OANDA Acquisition

FTMO Parent Reports $329M Revenue, Secures $250M for OANDA Acquisition

OMHC, parent company of prop trading giant FTMO, closed 2024 with revenue of approximately $329 million USD (up 53% YoY) and net profit of $62.5 million. They've secured a $250 million credit line to fund the planned acquisition of broker OANDA.

Key Numbers:

• $329M revenue in 2024 (53% YoY growth)
• $62.5M net profit
• $250M credit line secured for OANDA acquisition
• $721M total assets including real estate
• $450M+ paid out to funded traders

Oracle's Take:
This signals continued consolidation in the prop/retail trading space. FTMO's acquisition of OANDA would create a unique hybrid - a prop firm with a regulated brokerage arm.

For traders, this could mean new products combining prop evaluation with live regulated trading. FTMO remains the only prop firm offering MetaTrader 5 to US traders via their OANDA partnership.

Source: https://www.financemagnates.com/forex/ftmos-parent-netted-over-62-million-on-329m-revenue-in-2024/

-- Fi