Prop firm FTMO said on Tuesday that it has started accepting US clients again.
The prop will accept US customers via a “strategic partnership” with OANDA.
“FTMO’s goal is to offer our product on a truly global scale,” said FTMO CEO and Co-Founder Otakar Šuffner.
“This partnership achieves that as it lets us access the U.S., one of the world’s strongest markets. Both FTMO and OANDA are strong global groups known for their technological infrastructure and outstanding customer experience. It made perfect sense for us to collaborate, as we share common values and bring decades of combined experience in product development. Together, we are now able to offer the U.S. market an educational system and trading tools that have, until now, not been available at this scale.”
FTMO said in a statement on its website that the partnership is separate from its acquisition of OANDA, which still requires regulatory approval.
The Prague-based prop firm announced that it would be acquiring OANDA in February of this year.
That deal is likely to take a while to go through, given that OANDA has several tier-1 licenses, including in the US. Regulators in those jurisdictions will have to green light the deal before it can go through.
The prop firm stopped taking customers in January of 2024. Although no official reason for that was ever given, one factor was likely to have been pressure from MetaQuotes, with the trading technology provider pushing firms to stop taking US customers or lose their license around that time.
However, FTMO is one of the only prop firms that also appears to be taking compliance somewhat seriously and this may have been another reason behind the decision.
