Zachary Henry Bailey

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What is the difference between CFTC and NFA regulation?

In the United States, the Commodity Futures Trading Commission (CFTC) is the government regulator overseeing futures, options, and forex markets, while the National Futures Association (NFA) is a self-regulatory organization that enforces compliance among members. The CFTC sets laws and regulations, and the NFA ensures brokers, introducing brokers, and other entities follow them. To legally offer forex to US residents, a broker must be registered with both the CFTC and NFA. The NFA BASIC database allows traders to check registration and disciplinary history. Together, CFTC and NFA create one of the world’s strongest regulatory systems for forex.