# Can You Buy a Prop Firm? What to Check Before You Do

> Yes, prop firms are bought and sold, from small brands listed for sale to strategic deals like FTMO buying OANDA, Kraken buying Breakout and Topstep buying The Futures Desk. What you buy is a brand, a trader list, payout history and contracts, plus liabilities: unpaid payouts, platform terms and reviews. Due diligence on payouts and reserves matters more than revenue.

- Source: https://pipvalley.com/guides/can-you-buy-a-prop-firm
- Publisher: PipValley - web design studio for prop trading firms
- Updated: 2026-10-12

**Short answer:** Yes, prop firms are bought and sold, from small brands listed for sale to strategic deals like FTMO buying OANDA, Kraken buying Breakout and Topstep buying The Futures Desk. What you buy is a brand, a trader list, payout history and contracts, plus liabilities: unpaid payouts, platform terms and reviews. Due diligence on payouts and reserves matters more than revenue.

Buying a firm looks like a shortcut past the hardest part of launching: finding traders. It can be, if the traders, the reputation and the contracts actually transfer. It can also be a way to buy someone else's payout backlog.

## Who is buying?

- Exchanges: Kraken completed its acquisition of crypto prop firm Breakout in September 2025.
- Brokers and prop groups: FTMO completed its acquisition of OANDA, a broker, on December 1, 2025, funded partly by a $250 million credit line, per Finance Magnates.
- Prop firms buying capabilities: Topstep acquired The Futures Desk, a futures education firm, in April 2026.
- Founders buying small brands, often white-label firms whose owners want out.

## What are you actually buying?

On a white label, often less than it looks. The provider may own the engine, the dashboard and even the trader login. Check that the seller owns the brand, domain, trader list with consent records, account and payout history, legal documents, website code and email sending domain, and that each transfers.

## What should due diligence cover?

- Payouts: every pending and approved payout, the payout ratio by month and by account size, and the reserve.
- Open exposure: funded accounts that could request payouts after you take over.
- Platform and white-label contracts: assignability, change-of-control clauses, notice periods.
- Payment processors: reserves held, chargeback rates, whether the account transfers.
- Reviews and complaints: Trustpilot status (several firms were suspended over fake reviews in 2025), Reddit threads and comparison-site listings.
- Legal: terms, restricted countries, any regulator correspondence. Use a lawyer and an accountant.

> This page explains how things generally work and what we've seen running prop firms. It isn't legal, tax or financial advice. Rules differ by country and change often, so ask a lawyer or adviser in your jurisdiction before you act.

## Is buying better than starting?

Buying makes sense when the asset is the audience and the reputation, and both are clean. Starting makes sense when you already have an audience, because a profit-share white label can launch for a setup fee and the costs in our startup guide. Either way, budget for a new website: an acquired brand usually needs its rules, payouts and trust pages rewritten to match the new owner's policies.

## Questions

### How much does a prop firm sell for?

There is no public price index. Value depends on profit after payouts, the trader list, the brand's reputation and which contracts transfer. Get an accountant to value it on payout-adjusted profit.

### Can I buy a white-label prop firm?

Yes, but check what the seller owns. On many white labels the provider owns the technology and possibly the trader login; you may be buying a brand and a list.

### What is the biggest risk in buying a prop firm?

Inheriting payout liabilities and a damaged reputation. Review pending payouts, funded-account exposure, processor reserves and reviews before you sign.

## Sources

- [Business Wire: Kraken completes acquisition of Breakout to offer prop trading to clients globally (Sep 4, 2025)](https://www.businesswire.com/news/home/20250904012956/en/Kraken-Completes-Major-Acquisition-of-Breakout-to-Offer-Prop-Trading-to-Clients-Globally)
- [Finance Magnates: FTMO closes OANDA acquisition deal after ten months](https://www.financemagnates.com/forex/prop-firm-ftmo-closes-oanda-acquisition-deal-after-ten-months/)
- [Finance Magnates: FTMO's parent netted over $62 million on $329M revenue in 2024 (Nov 14, 2025)](https://www.financemagnates.com/forex/ftmos-parent-netted-over-62-million-on-329m-revenue-in-2024/)
- [Finance Magnates: Topstep acquires The Futures Desk (Apr 1, 2026)](https://www.financemagnates.com/forex/topstep-acquires-the-futures-desk-adds-coaching-tools-for-futures-traders/)
- [TradeInformer: Several props suspended from Trustpilot due to fake reviews](https://tradeinformer.com/broker-news/several-props-suspended-from-trustpilot-due-to-fake-reviews)