NFA
National Futures Association - US self-regulatory organization for futures and forex.
Definition
NFA (National Futures Association) is the self-regulatory organization for the US derivatives industry, working alongside the CFTC. All US forex brokers must be NFA members. The NFA enforces strict rules including the FIFO rule and 50:1 maximum leverage.
How It Works
- Self-regulatory body under CFTC oversight
- All US forex brokers must be NFA members
- FIFO rule - no hedging allowed
- Maximum 50:1 leverage on major pairs
Trading Tips
1
Use NFA BASIC database to verify broker registration
2
Very few brokers accept US clients due to strict rules
3
Strong protection but limited broker choices for US traders
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