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NFA Regulation
Reliability for many is the main criteria when choosing a broker. Because broker is the organization that you entrust your money to, the question of the safety of your money holds the top spot.But how to determine the reliability of a brokerage firm? There are at least two undeniable reliability checkpoints – the registered capital and the regulating body. The registered capital of Forex Club Financial Company is $20,000,000. Forex Club is a registered merchant with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). The company background information is open and can be easily viewed on the NFA website (NFA ID 0358265) and on the CFTC monthly reports for adjusted net capital (click here).   How does the government regulation help to protect the safety of your funds? Being a regulated broker puts a lot of responsibilities on the brokerage firm targeted at ensuring its financial security. Let’s review some of the requirements for NFA regulated brokers like Forex Club:
Besides the requirements imposed by governmental regulating bodies, we have a set of internal policies geared toward financial stability of the firm. Among such policies is the diversification of company’s funds across the major world banks. This measure helps insure the company stability should any bank crises take place. We hope you found this information useful and will help you make the right decisions when choosing a forex broker. |
