FTMO-Owned OANDA Fined $600,000 by U.S. Regulator Over Compliance Failures

Oanda Fined $600k By the National Futures Association

The New York-based retail foreign exchange dealer, which is owned by proprietary trading firm FTMO, agreed to the settlement without admitting or denying the allegations, according to a decision published by the NFA’s Business Conduct Committee (BCC) on Wednesday. The BCC found that Oanda failed to properly increase its net capital in accordance with liabilities owed to eligible counterparties, incorrectly calculated capital positions by offsett…

FTMO-Owned OANDA Fined $600,000 by U.S. Regulator Over Compliance Failures

The National Futures Association (NFA) has ordered New York-based forex dealer OANDA Corporation to pay a $600,000 penalty following a series of alleged compliance failures, including inadequate capital practices and issues with client transparency. The fine follows a formal complaint from the NFA’s Business Conduct Committee (BCC), which cited multiple violations of financial requirements and supervisory responsibilities. While OANDA settled th…