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The UK company’s revenue fell 19.3%. Its accounts also show that the FTMO transaction accelerated share awards, changing the explanation of the 2025 earnings reversal.
The public terms distinguish simulated balances from real payments and reserve different degrees of discretion. A funded-stage label does not establish that every order reaches a live market.
The acquisition received five regulatory approvals, yet FTMO’s own terms say its challenges use fictitious funds and do not create an OANDA brokerage relationship. The contracting entity—not common ownership—defines the customer’s protections.
OANDA Europe Limited’s first full calendar year after the group replaced its residual-profit-split arrangement with a royalty-and-services transfer-pricing structure ended in a £2.073 million pre-tax loss. Revenue fell 19.3% to £14.900 million from £18.474 million, reversing the prior year’s £1.507 million profit.