Regulator

Major onshore regulator

CFTC/NFA regulated brokers

Commodity Futures Trading Commission and National Futures Association, United States

5 brokers hold an active CFTC/NFA licence in our register. US futures brokers and retail forex dealers must register with the CFTC and be members of the National Futures Association, which publishes each member's record on NFA BASIC.

Licensed brokers
5
Verified
0
Caution or high risk
5
Regulator country
United States

What CFTC/NFA protection means

General facts about the regime. What applies to you depends on the licensed entity and your client category.

  • Customer funds for futures trading must be segregated from the firm's own money.
  • Retail forex leverage is capped at 50:1 on major currency pairs and 20:1 on others.
  • There is no SIPC-style compensation scheme for futures or forex accounts.

Major onshore regulator. Full conduct-of-business rules, client-money segregation and an enforcement record. A licence here carries the most weight for retail clients.

How to check the CFTC/NFA register

  1. 01

    Open the NFA BASIC (www.nfa.futures.org).

  2. 02

    Search for the firm's name or NFA ID.

  3. 03

    Confirm the licensed legal entity is the company named in your account terms, and that its status is current.

  4. 04

    Check the licence or permissions cover the products you want to trade.

NFA BASIC

Brokers licensed by CFTC/NFA

Brokers with an active CFTC/NFA licence verified on the register in our latest research. Sorted by score, best first.

Verdicts for CFTC/NFA brokers

How the brokers licensed by this regulator are spread across our verdicts.

  • Verified

    Score 75+, research complete, and an active tier 1 or 2 licence held by the entity serving retail clients.

    0
  • Caution

    Active, with enough evidence to score, but short of Verified. Read the reason before you deposit.

    5
  • High risk

    Verified adverse evidence only: a regulator warning, or a licence revoked or suspended in the last 2 years.

    0
  • Insufficient data

    Not enough verified evidence yet to rate. Not a judgement either way.

    0
  • Under review

    Our researchers are re-checking this record. No score is shown until they finish.

    0
  • Not active

    Inactive, redirected or merged. No score is shown.

    0

CFTC/NFA: frequently asked questions

What protection does a CFTC/NFA licence give clients?
Customer funds for futures trading must be segregated from the firm's own money. Retail forex leverage is capped at 50:1 on major currency pairs and 20:1 on others. There is no SIPC-style compensation scheme for futures or forex accounts. These are general facts about the regime; what applies to you depends on the licensed entity and your client category.
How many brokers hold a CFTC/NFA licence in your register?
5 of the brokers in our register have an active Commodity Futures Trading Commission and National Futures Association (CFTC/NFA) licence verified on the register in our latest research. Licences change, so check the register yourself before you deposit.
How do I check a CFTC/NFA licence?
Open the NFA BASIC and search for the firm's name or NFA ID. Confirm the licensed legal entity matches the company in your account terms and that its status is current.
Does a licence mean a broker is safe?
No. A licence shows a regulator authorised a specific legal entity for specific activities. It does not guarantee the firm will not fail or treat clients fairly. Check the entity you actually contract with, and that its status is current.

We take no affiliate commissions from brokers, prop firms or educators, and rated entities cannot be our affiliates. Verdicts are computed from regulator records and are not for sale. verify.trading provides records and analysis, not investment advice; trading involves significant risk of loss. Absence of a regulatory action is not an endorsement, and absence from a regulator's list is not proof of authorisation.

Check a CFTC/NFA broker in Ask

Ask answers from the verified registry with sources, and covers anything a record does not.

Run a checkHow we verify