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
Best NFA-regulated brokers
Ranked by BrokaBoy score, with ties listed alphabetically.
Forex.com
9.1/10· Trustpilot 4.6 (2,481 reviews)
StoneX-owned broker with US and global entities
Min Dep
$100
Spread
0.0 pips
Leverage
1:200
Affiliate link - see our Methodology
IG
9.0/10· Trustpilot 3.7 (9,975 reviews)
FTSE-listed global leader in CFDs and spread betting
Min Dep
$0
Spread
0.6 pips
Leverage
Up to 1:30 (retail, UK/EU)
Affiliate link - see our Methodology
OANDA
9.0/10· Trustpilot 3.5 (1,235 reviews)
Precision pricing since 1996
Min Dep
$0
Spread
0.0 pips
Leverage
1:50 (entity dependent)
Affiliate link - see our Methodology
Interactive Brokers
8.8/10· Trustpilot 3.1 (5,486 reviews)
Global multi-asset broker for serious investors
Min Dep
$0
Spread
0.1 pips
Leverage
1:30
Affiliate link - see our Methodology