US Forex brokers must be licensed as futures commission merchants (FCM) and must have retail foreign exchange dealer (RFED) license. FCM and RFED are licensed by the Commodity Futures Trading Commission(CFTC) and become members of -theNational Futures Association(NFA), a self-regulatory organization whose jurisdiction extends for the whole futures market.

NFA-regulated forex brokersface a number of restrictions and must meet various requirements, the most important of which are the following:

– the capital requirement: NFA-registered brokers are obliged to maintain anet capital of at least $20 millionto guarantee clients positions.

– the FIFO (first in, first out) rule: Traders must close their oldest transactions first whenever they have more than one position open on the same currency pair;

– leverage restriction:All US brokers are required to provide leverage no higher than1:50, while brokers outside of US regulations purview are free to provide up to 1:1000 or even 1:2000 leverage.

Furthermore, the NFA adopted newrules on disclosure of transaction dataIn 2007, according to which US regulated brokerages are required to provide their customers with access to certain transaction execution data for greater transparency.

As you can see from above, the US forex brokerage arena one of the most tightly regulated in the entire world.NFAs fines are solid so basically no one wants to go off the marked path and US brokers enjoy a higher level of trust. On the other hand, however, after the DoddFrank Act was passed (capping leverage to 1:50 and prohibiting hedging), the number of FCMs keeps shrinking and there is an ever-growing demand for brokers (outside the US) who accept US clients.

Global brokerage IGlaunched its website intended for US retail clients ( Residents of the US (with the exception of those in Arizona or Ohio) can now register on the brokers website in less than 5 minutes and start trading.Read more

The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the brokers US entity Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019.Read more

The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the brokers US entity Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019.Read more

Major forex broker IG Group (IG)got a green light from the National Futures Association(NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED).Read more

The Securities and Exchange Commission (SEC)and the Commodity Futures Trading Commission (CFTC)have both filed charges against 1Broker, a CFD provider focused on cryptocurrencies. According to both US agencies, the company operating 1Broker, 1pool Ltd.Read more

Forex brokers providing Negative balance protection

AFM also plans to make ESMAs product intervention measures permanent

BaFin joins FCA and other regulators in warning against Wise Banc

FCA updates its warning list with CryptoExp, CapitalXP, and 4XFX

ASIC warns that some Australian brokers are soliciting European clients

Spains CNMV updates its warning list with a bunch of shady brokers

UKs FCA blacklisted unregulated broker Hope Area

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