The full list of Forex brokers, who are registered with NFA:
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What is NFA?
National Futures Association (NFA) is the industry-wide self-regulatory organization for the U.S. futures industry. NFA’s mission is to provide innovative regulatory programs and services that ensure futures industry integrity, protect market participants and help its Members meet their regulatory responsibilities. NFA’s activities are overseen by the Commodity Futures Trading Commission (CFTC), the government agency responsible for regulating the U.S. futures industry.
When you trade with NFA broker, what does this mean to you as a trader?
– Serious businesses with transparent financial operations – these are companies who became members of the National Futures Association.
– NFA regulated brokers follow strict standards and procedures implemented by NFA, which ensures the safety of trader’s assets.
– NFA regulated brokers cannot use client’s funds to carry out their operation activities. They must back up all customer positions with their own capital or carry them over to the Interbank market. Thus NFA regulated brokers are companies with large and sufficient financial assets.
(Nowadays, NFA registered brokers are required to have net capital of no less than $15 000 000 to guarantee their client’s positions. This minimum raises to $20 000 000 starting from May 19th, 2009).
– At the end of each week NFA registered Forex brokers report their account balances to the NFA. Each year these brokers are subject to comprehensive yearly audits.
– Forex brokers registered with NFA also have licensed and specially trained staff.
And of course, when comparing a regulated and a non-regulated broker, the regulated broker always wins!
To check if your Forex broker is registered with NFA use Background Affiliation Status Information Center (BASIC)
For further information, check US Forex brokers list