Paul19 Young#94

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What is CFTC oversight in forex?

The Commodity Futures Trading Commission (CFTC) is a federal agency regulating derivatives, including forex, futures, and options. In the US, forex brokers must register with the CFTC and comply with strict rules on transparency, reporting, and capital requirements. The CFTC enforces 1:50 leverage limits for major pairs and protects clients from fraud and abuse. Traders benefit from strong legal protections and the ability to file complaints directly with the CFTC. While fewer brokers operate under these rules due to high costs, those that remain are considered highly reliable and trustworthy.