Prop firm FTMO has announced it is hiring 300 employees. Roughly half of the positions are at the broker OANDA, which is part of the same group. The announcement appeared on November 13.
Who is who. FTMO sells a paid evaluation, and then lets the trader trade the company's capital for a share of the profit. OANDA is a broker, that is, an intermediary through which a trader's order reaches the market.
Why this concerns the trader. The broker belongs to the FTMO group. That means participants' trades stay within a single structure.
How many people and where?
- 300 positions - total hiring across the group
- about 150 - at OANDA
- the rest - at the prop firm itself
- November 13 - the date the information appeared
A company card with evaluation terms is available in the prop firm catalog.
Why does a prop firm need its own broker?
When a prop firm owns a broker, trade execution, quotes and spreads stay within its own perimeter. No third-party intermediary is involved in the chain.
- Execution control. Traders' orders go to the market through a structure of the same group.
- Shifting the load. Hiring on this scale is a signal that part of the group's work is being shifted to the broker's side.
What does this mean for the trader?
Trading conditions at FTMO depend not only on the challenge rules. The quality of quotes and spreads comes from the broker within the group.
The main point: a prop firm with its own broker keeps trade execution in-house, so it's worth looking at both the evaluation rules and who your order goes through.
You can find a challenge to suit your trading style in the calculator.
What is still unknown?
The hiring timeline, specific departments and office countries are not disclosed.
- Evaluation rules - unchanged
- Drawdown limits - unchanged
- Payout terms - unchanged
The trading regulations remain the same: the announcement says nothing about this.
Choosing where to take your evaluation?
A prop firm is usually chosen by two numbers: the evaluation price and the profit share. But then you have to work with execution. Whose quotes feed your terminal, what the spread is at the moment data is released, how much delay there is on an order. FTMO has its own broker, and that's a separate item to check alongside the daily loss limit and the payout procedure. The terms should be read in full, together with who routes your trades to the market.
