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NFA brokers | NFA registered Forex brokers




The full list of Forex brokers, who are registered with NFA:

Advanced Markets
Alpari (US)
AMIFOX
APPL International
ATC Brokers

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Broker discussion area

BrokerGuru

October 29, 2009

Yes, they are NFA members.
According to NFA records UFXBank is an introducing broker.

There is a short reference on their contact page:
Regulation: NFA ID: 0400478
Company: UFX TRADE LLC.

P.S. Quick note: the word "Bank" in the UFXBank's name doesn't refer to being a bank.

trader

October 30, 2009

Finotec it's registreted?

trader

November 1, 2009

fxopen register nfa?

trader

November 1, 2009

Does Broco and UWC have a regulatory bodies above them.

BrokerGuru

November 1, 2009

Finotec is registered with FSA in UK.

FxOpen is registered with FSC of Mauritius.

Broco is regulated by Federal Financial Markets Service - is the federal executive body that controls and supervises activity in the financial markets, including the activity of exchanges, and issues the relevant regulations in Russia.

UWC is regulated by CySEC - The Cyprus Securities and Exchange Commission, as well as falls under MiFID – the Markets in Financial Instruments Directive.

Amin

November 9, 2009

Hello BrokerGuru
how about a list that shows which brokers have the most complaints against ?
Do you know if GFT , IBFX or FastBrokersFX have a lot of complaints against them?
Thank you
Amin


BrokerGuru

November 12, 2009

Hi Amin,

that's a good advice, right now, however, we're not ready to take on monitoring such stats.
The latest updates on such complaints can be checked at NFA website:

For GFT (0 cases):
Summary: http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0279553&rn=N

For IBFX (several cases):
http://www.nfa.futures.org/BasicNet/CaseInfo.aspx?entityid=0326091&type=reg
http://www.nfa.futures.org/BasicNet/CaseInfo.aspx?entityid=0326091&type=arb
Summary: http://www.nfa.futures.org/BasicNet/Details.aspx?entityid=0326091

For FastbrokersFX (0 cases):
Summary: http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0342002&rn=N

trader

November 20, 2009

FXCH is rubbish broker and fuck with clients money they don t respond to clients requests their telepnoe numbers never answered their live chat staff never answer and they reply emails very rarely. They have fucked with my account and closed my positions at much higher rates than market forcefully i made a deposit and they have n t credited my money in my account and never issued me new pw when i lost my old one.
If someone can guide me how to fuck their ass just let me know about it at my email mehaider777(a)yahoo.com

kev

November 24, 2009

Is it a legal requirement that US based brokers be members of the NFA? It seem to me it is not and that, as a self regulatory body, it is up to the individual firm to decide if they want to join or not.

It is often said the "all US based brokers are NFA" but that's just not the case. For example, IamFx.com or GallantFX.com.

These companies do have a separate custodian of funds so there is a separation of client funds form company funds to protect the client funds.

thanks,
kev

BrokerGuru

November 25, 2009

That's correct, kev

for US based brokers joining the NFA is not mandatory. A firm is free to decide whether they want it or not.

trader

December 1, 2009

hi what about WWW.forex-metal.com

BrokerGuru

December 1, 2009

Forex-Metal is not regulated by NFA, they comply with Uruguayan and Panamanian laws.



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