NFA
National Futures Association
United States
Tier 1 - strictest
What the NFA does
The NFA is the self-regulatory body for the US derivatives industry, working under CFTC oversight. US retail FX rules are the most restrictive of any major market.
Protections for traders
- Leverage capped at 1:50 for major FX pairs
- Strict minimum net capital requirements for brokers
- FIFO order handling and no hedging on the same pair
- Mandatory arbitration and public BASIC disciplinary records
- Daily reporting of customer funds to the CFTC
Brokers licensed by the NFA
OANDA
4.5(2,087)
Precision pricing since 1996
Min Dep
$0
Spread
0.4
Leverage
1:50
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