CFTC and National Futures Association (US)
In the United States retail forex is overseen by the Commodity Futures Trading Commission.
- 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 | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| FOREX.com Since 2001 · NASDAQ: SNEX (parent) | 62/99 | CIMA #25033 GAIN Global Markets Inc. | $100 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit FOREX.comOfficial site · we earn no commission here |
| Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | CFTC/NFA #0258600 Interactive Brokers LLC | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| OANDA Since 1996 | 54/99 | BVI FSC OANDA Global Markets Ltd | $0 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit OANDAOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.