NFA Regulation
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Forex Club Advantages |
Forex Club is a CFTC regulated
broker and a member of NFA. What does this mean?
- Some of the best OTC Forex (Over-The-Counter Forex) brokers in the world are members of the National Futures Association;
- NFA-regulated brokers are required to maintain net capital of no less than $20,000,000.00;
- NFA-regulated brokers adhere to standardized procedures and strict standards designed to safeguard you and your assets;
- NFA-regulated brokers have specially trained and licensed personnel (Series 3);
- NFA-regulated brokers cannot use customer funds for their operation activities. At the end of each week, regulated brokers report their account balances to the NFA;
- NFA-regulated brokers must back up all customer positions with their own capital or carry them over to the interbank market;
- NFA-regulated brokers undergo comprehensive yearly audits.
Useful links:
Forex Club is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
You can verify CFTC registration and NFA membership status of Forex Club and check its disciplinary history by phoning NFA at 800-621-3570 or by checking the broker/firm information section (BASIC) of NFA's Web site at www.nfa.futures.org/basicnet/.
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