Dubai-based fintech OGM Group completed the absorption of Spanish-language prop firm WAF into Orion Funded on Friday, offering eligible traders a no-cost transition.
The migration is expected to take place over the following days, according to the group’s transaction announcement. Access remains subject to Orion Funded’s Terms & Conditions, supported jurisdictions, eligibility rules and compliance procedures.
WAF accounts that are at breakeven or in drawdown will receive a new Orion account beginning from the original initial balance. Profitable accounts will be assessed individually, with Orion aiming to preserve existing balances where possible.
The arrangement is a commercial absorption, not a statutory merger or legal succession. WAF and Orion Funded remain separate legal entities, while Orion does not take on WAF’s historical liabilities, contractual obligations or previous operations.
OGM said the transaction forms part of a consolidation strategy based on selective deals and continued technology investment. Financial terms were not disclosed.
“This transaction is a reflection of that vision, and it certainly won’t be the last,” said David Viota Estévez, CEO of OGM Group.
The executive said OGM is already discussing several other opportunities. Its immediate task is completing the transition of eligible WAF traders under Orion Funded’s rules.
