Forex trading in the United States is now a popular trend among most Forex traders. For US Forex Brokers to accept a client from the United States, they must become registered as Retail Foreign Exchange Dealer (RFED) by the financial regulatory body, the Commodity Futures Trading Commission (CFTC) and also regulated by the National Futures Association (NFA) as a Futures Commission Merchant (FCM). The official website of NFA is nfa.futures.org. You can also follow CFTC on twitter @CFTC
Top 4 US Forex Brokers
We created a table for you to compare the top 4 CFTC-registered us forex brokers and then ranked them. Check it out below.
Verify CFTC Registration
It is essential for you first to verify if a forex broker is CFTC-registered and regulated by the NFA. The first step is to identify the NFA ID number. On most of the Forex Brokers, you can find this number in the footer section of their homepage. Below is a text quoted from FOREX.com homepage.
FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826).
The next step is to check the forex broker on the NFA website. If it is available, check if the NFA id from broker homepage and the id listed in NFA website matches. Here is the NFA page for FOREX.com
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