CFTC and National Futures Association (US)
- Our tier
- Tier 1
- Jurisdiction
- United States
- Public register
- Open the official register
In the United States retail forex is overseen by the Commodity Futures Trading Commission. Dealers must register with the CFTC and be members of the National Futures Association, whose BASIC database is the public register.
What it means for a retail trader
Only registered dealers may offer leveraged forex to US residents, and CFDs are not available to retail clients at all. Leverage is capped at 50:1 on major pairs and 20:1 on others, hedging the same pair in one account is not permitted, and orders are closed on a first-in, first-out basis.
How to check a firm
Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.
Brokers in our database with a CFTC/NFA licence
| Broker | Dossier Score | Entity serving you | Min. deposit | Platforms | Actions |
|---|---|---|---|---|---|
| FOREX.com Founded 2001 Listed | 62 | GAIN Global Markets Inc. CIMA #25033 Tier 3 (offshore) | $100 | Own platformMT4MT5TradingView | Review Visit siteAffiliate link |
| Interactive Brokers Founded 1978 Listed | 91 | Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 | $0 | Own platformTradingView | Review Visit siteAffiliate link |
| OANDA Founded 1996 | 54 | OANDA Global Markets Ltd BVI FSC Tier 3 (offshore) | $0 | Own platformMT4MT5TradingView | Review Visit siteAffiliate link |
Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.