NFA
National Futures Association - US self-regulatory organization for futures and forex.
The NFA is the US self-regulatory body for derivatives, working alongside the CFTC. All US forex brokers must be NFA members, bound by the FIFO rule and the 50:1 leverage cap.
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
Use NFA BASIC database to verify broker registration
Very few brokers accept US clients due to strict rules
Strong protection but limited broker choices for US traders
Related Terms
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